IndusInd Iconia Amex vs HSBC Premier
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
EXPRESS
IndusInd Iconia Amex wins 5-3. Mid-premium Amex with annual-fee waiver from year 2. HSBC Premier is still the right call if hsbc premier banking clients — no annual fee with relationship..
Side-by-side
| Criterion | IndusInd Iconia Amex | HSBC Premier |
|---|---|---|
| Annual fee | = No annual fee | = No annual fee |
| Joining fee | · ₹3,500 | None |
| Top reward rate | 5% (shopping) | · 3% (travel) |
| Base reward rate | 1.5% | · 1% |
| Forex markup | · 3.5% | 1.99% |
| Welcome bonus | = 4,000 reward points + Yatra voucher | = 40,000 reward points on Premier banking opening |
| Fee waiver threshold | N/A (no fee) | · N/A (no fee) |
| Min income | ₹600,000 | · ₹4,000,000 |
| Min credit score | 770 | · 800 |
| Editorial rating | · 4.2/5 | 4.5/5 |
Benefits compared
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
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
›IndusInd Iconia Amex vs HSBC Premier: which is better?
IndusInd Iconia Amex wins on more dimensions (5 vs 3). 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 IndusInd Iconia Amex 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?
IndusInd Iconia Amex: 4,000 reward points + Yatra voucher. HSBC Premier: 40,000 reward points on Premier banking opening.