HSBC Private Bank Credit Card
HSBC's top-tier card — 14 lounge visits, concierge, 0 fee
for HSBC Global Private Banking clients
Issued when you open a Private Bank account — no standalone application See rates & fees.
Rewards rate
This is the card HSBC gives you rather than sells you. As a free accessory to a Private Banking relationship it's excellent — 14 guest-inclusive lounge visits, concierge, golf and hotel privileges with zero fees anywhere. Our only real grumbles: the earn rate is unpublished, and the lounge benefit still demands a quarterly foreign-currency transaction like any mass-market Mastercard.
Earning and redeeming HSBC Points
The card earns HSBC Rewards Points on all spend, redeemable for flights, hotel stays, shopping vouchers or frequent flyer miles through the HSBC UAE app. Unusually, HSBC publishes no Points-per- rate for this card — unlike Premier and Advance, which openly earn 1 Point per 1 — so we can't score its earning power.
HSBC Rewards replaced the bank's Air Miles programme (HSBC-earned Air Miles converted 1:1) and runs on calendar-month cycles. Until HSBC publishes point values and the frequent-flyer transfer list, treat this as a perks card that happens to earn, not an earning card.
Rates and fees
- Annual fee
- 0 — no annual fee; supplementary cards free.
- Interest rate (APR)
- 44.28% fixed APR on purchases and cash withdrawals (~3.69%/month). Up to 56 days interest-free when you pay in full. Overdue accounts pay at most +0.5%/month more until regular.
- Foreign currency fee
- 2.1% (incl. VAT) on non- transactions, plus a possible card-scheme fee of up to 1.21%. International transactions billed in still pay 1.05%.
- Cash advance
- 3.15% of the amount, minimum 105 (incl. VAT). Exchange-house and quasi-cash purchases are treated as cash advances.
- Late payment fee
- 241.50 (incl. VAT) per instance.
- Over limit fee
- 0 — no over-limit fee on this card.
- Minimum payment
- Broadly 5% of each balance category (or 100 if lower), plus instalments, interest and fees.
- Eligibility
- Issued on opening an HSBC Private Bank account — minimum USD 2,000,000 in deposits and/or investments per HSBC's tariff schedule. UAE residents.
VAT-inclusive figures from HSBC's Key Facts Statement (effective 1 Jul 2026) and Schedule of Services and Tariffs (effective 1 Aug 2026). Monthly rate shown is the published 44.28% APR divided by 12.
Card benefits
14 lounge visits, guest included
1,200+ lounges worldwide via Mastercard Travel Pass, covering you and a travelling companion; extra guests USD 32. Needs a USD 1+ cross-border transaction every 3 months, or you fall to 2 visits a year.
International concierge
Luxury travel planning, fine-dining tables and exclusive-event access through Mastercard World Elite-tier concierge.
Golf, twice a month
2 free rounds monthly with Spikes On, plus 30% off unlimited rounds at 800+ clubs worldwide.
Luxury hotel privileges
Global Hotel Alliance membership with room upgrades and late checkout, 10% off Soneva, Agoda, onefinestay and Ministry of Villas, 15% off IHG.
Cinema BOGO, no spend hurdle
Free ticket with every ticket monthly and up to 25% off cinema F&B — with no minimum-spend condition listed, unlike Premier and Advance.
Careem and travel extras
4 free Careem airport rides a year (up to 84 each, code MAUAE6), 12 months of Careem Plus, Hertz President's Circle and 15% off Airalo data.
Pros and cons
- No annual fee, free supplementary cards and no over-limit fee
- 14 lounge visits a year covering you and a guest — the most generous in HSBC's UAE lineup
- International concierge plus Global Hotel Alliance privileges at luxury hotels
- 2 free golf rounds a month with Spikes On and 30% off at 800+ clubs worldwide
- Lower overdue-interest surcharge than most cards (max +0.5%/month)
- Reserved for HSBC Global Private Banking clients — about USD 2 million in deposits/investments to open the account
- Earn rate per isn't published anywhere on the page or KFS
- Lounge access still needs a USD 1+ cross-border transaction every 3 months, or you drop to 2 visits a year
- 2.1% foreign-currency fee plus a possible scheme fee up to 1.21% — high for a card aimed at global spenders
- 44.28% APR if you ever carry a balance, private banking or not
Is it right for you?
Get this card if
- You're already an HSBC Global Private Banking client — it's a free, high-value add-on
- You travel with a companion — the 14 lounge visits cover a guest too
- You'll use the concierge, golf and hotel privileges that paid premium cards charge 1,500+ for
- You'll remember the quarterly USD 1+ cross-border transaction
Consider skipping it if
- You don't have (or want) a USD 2M private-banking relationship — look at HSBC Premier instead
- You choose cards by earn rate — this one's is unpublished
- Heavy foreign-currency spend is your main use case (2.1% + scheme fees)
- You'd carry a balance — 44.28% APR applies to private banking clients too
Alternatives to consider
The Amex Platinum delivers comparable luxury perks — unlimited-style lounge access and elite hotel status — for an annual fee instead of a private-banking relationship.
Best lounge access cards →
The Premier Credit Card gets you most of the same HSBC ecosystem — Points, lounge visits and Zomato Gold — from an 40,000 salary or 500,000 in balances.
Best no-annual-fee cards →
HSBC's Skywards Infinite earns published Emirates Skywards Miles rates on every spend — clearer value than an unpublished Points rate.
Best Emirates Skywards cards →Not sure which way to go? Put them side by side in our card comparison tool or browse the full ranked list.
Frequently asked questions
Who can get the HSBC Private Bank Credit Card?+
It's available when you successfully open an HSBC Private Bank account. HSBC's tariff schedule sets Private Bank eligibility at a minimum balance of USD 2,000,000 in deposits and/or investments with the bank — there is no salary-based route and no public application for the card alone.
Is there an annual fee?+
No. The Private Bank Credit Card has no annual fee, supplementary cards are free, and — unusually — there's no over-limit fee either.
How does the lounge access work?+
You get 14 complimentary visits a year, for you and a guest, to over 1,200 lounges worldwide via the Mastercard Travel Pass app; additional guests cost USD 32 each. To keep access active you must make a cross-border transaction of USD 1 or more at least once every 3 months (and at least 72 hours before a visit); otherwise you're limited to 2 visits per calendar year.
What rewards does the card earn?+
It earns HSBC Rewards Points on all spend, redeemable for flights, hotel stays, shopping vouchers or frequent flyer miles through the HSBC UAE app. HSBC doesn't publish the Points-per-AED earn rate for this card, so we can't quantify the earning power.
What does the concierge cover?+
The international concierge service handles luxury travel planning, fine-dining reservations and access to exclusive events — a Mastercard World Elite-tier service, subject to Mastercard's terms.
Are there instalment or balance transfer plans?+
Yes — balance transfers, cash instalment plans and flexi instalment plans are available at a reducing-balance fixed APR of 0.00% to 29.88% depending on your circumstances and term, with AED 0 early settlement fees.
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank or card issuer, and have not been reviewed, approved or otherwise endorsed by any of these entities.