ICICI MMT Signature vs HSBC Premier
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
ICICI MMT Signature wins 5-4. MakeMyTrip loyalists — co-branded with strong travel benefits. HSBC Premier is still the right call if hsbc premier banking clients — no annual fee with relationship..
Side-by-side
| Criterion | ICICI MMT Signature | HSBC Premier |
|---|---|---|
| Annual fee | · ₹2,500 | No annual fee |
| Joining fee | · ₹2,500 | None |
| Top reward rate | 6% (travel) | · 3% (travel) |
| Base reward rate | 1.5% | · 1% |
| Forex markup | · 2.5% | 1.99% |
| Welcome bonus | = ₹2,500 MMT Black holidays voucher | = 40,000 reward points on Premier banking opening |
| Fee waiver threshold | ₹600,000 / yr | · N/A (no fee) |
| Min income | ₹800,000 | · ₹4,000,000 |
| Min credit score | 770 | · 800 |
| Editorial rating | · 4.4/5 | 4.5/5 |
Benefits compared
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
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
›ICICI MMT Signature vs HSBC Premier: which is better?
ICICI MMT Signature wins on more dimensions (5 vs 4). 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 ICICI MMT Signature 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?
ICICI MMT Signature: ₹2,500 MMT Black holidays voucher. HSBC Premier: 40,000 reward points on Premier banking opening.