Head-to-head · 🇮🇳 India
Amazon Pay ICICI vs HSBC Premier
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
ICICI Bank
Amazon Pay ICICI
VISA
Wins 4 of 10
IN
Premium
HSBC
HSBC Premier
Wins 1 of 10
Verdict
Amazon Pay ICICI wins 4-1. Heavy Amazon shoppers — best free card in India HSBC Premier is still the right call if hsbc premier banking clients — no annual fee with relationship..
Side-by-side
| Criterion | Amazon Pay ICICI | HSBC Premier |
|---|---|---|
| Annual fee | = No annual fee | = No annual fee |
| Joining fee | = None | = None |
| Top reward rate | 5% (shopping) | · 3% (travel) |
| Base reward rate | = 1% | = 1% |
| Forex markup | · 3.5% | 1.99% |
| Welcome bonus | = ₹500 Amazon Pay balance on first transaction | = 40,000 reward points on Premier banking opening |
| Fee waiver threshold | = N/A (no fee) | = N/A (no fee) |
| Min income | ₹300,000 | · ₹4,000,000 |
| Min credit score | 720 | · 800 |
| Editorial rating | 4.7/5 | · 4.5/5 |
Benefits compared
Amazon Pay ICICI
- 5% cashback on Amazon for Prime members (3% non-Prime)
- 2% cashback on 100+ Amazon Pay merchants (Swiggy, BigBasket, MakeMyTrip)
- 1% cashback on every other transaction
- No annual fee, no joining fee, ever
- 1% fuel surcharge waiver
- No reward expiry, no minimum redemption
HSBC Premier
- 3 reward points per ₹100 on travel + dining
- 1 reward point per ₹100 on others
- Free for HSBC Premier clients (₹40L+ relationship)
- Unlimited international lounge visits via LoungeKey
- 1.99% forex markup
- Worldwide travel + emergency assistance
FAQ
›Amazon Pay ICICI vs HSBC Premier: which is better?
Amazon Pay ICICI wins on more dimensions (4 vs 1). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use Amazon Pay ICICI for its best categories, HSBC Premier for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
Amazon Pay ICICI: ₹500 Amazon Pay balance on first transaction. HSBC Premier: 40,000 reward points on Premier banking opening.