HSBC just made its rewards ecosystem a whole lot more powerful — especially if you love travel. Their newly launched Rewards Marketplace is now available for all eligible credit card users in India, bringing a world of flexible, real-time redemptions across airlines, hotels, and more.
What’s New?
Starting April 2025, HSBC cardholders can transfer their earned reward points directly to:
- 15 Airline Programs
Including: Singapore Airlines KrisFlyer, British Airways Avios, Qatar Airways, Etihad Guest, United MileagePlus, Air India Flying Returns, Air France Flying Blue, and more. - 5 Hotel Loyalty Programs
Marriott Bonvoy, IHG One Rewards, Shangri-La Circle, Accor Live Limitless, Wyndham Rewards.
This change makes HSBC one of the few Indian banks offering such a wide international loyalty transfer network.
What Makes This Unique?
- Transfer ratios vary by partner
Most are 1:1 for premium cards (like Premier, Privé, and TravelOne), but others like United and Turkish go 2:1; AirAsia is 1:3. - Real-time redemptions via HSBC India app – no more waiting days for confirmation or voucher codes.
- Beyond travel : If miles aren’t your thing, there’s still a huge catalogue of instant eVouchers, Apple gadgets, and merchandise.
Card Tiers That Benefit Most
HSBC Premier Credit Card
HSBC Privé Credit Card
HSBC TravelOne (launched in 2023)
These cards earn flexible rewards and enjoy the best transfer ratios. Other cards may still use the platform but could have limited access or lower conversion value.
Heads-Up: Reward Exclusions Exist
Some recent changes (especially from early 2025) have narrowed reward-earning categories. Transactions like:
- Wallet loads
- Insurance payments
- Utility bills
… may no longer earn points on select HSBC cards. Check your latest T&Cs before planning big spends.
My Take
This is HSBC stepping up in the premium loyalty space. Having a global transfer portal right inside the app is a big win for travelers and value seekers.
It also means more control — no need to wait for obscure redemption offers or lose points to expiry. That said, the real utility comes with high-volume spenders who understand travel programs.
So, if you’re someone who:
- Likes to book your own flights using miles
- Wants status with hotels or airlines
- Hates waiting weeks for vouchers to arrive
…this move is worth paying attention to.