Which card has a lower forex fee: American Express Membership Rewards Credit Card or HSBC TravelOne Credit Card?

Both cards have the same forex markup (3.5%).

Which card has a lower annual fee: American Express Membership Rewards Credit Card or HSBC TravelOne Credit Card?

American Express Membership Rewards Credit Card has a lower annual fee (₹4,500 vs ₹4,999).

Which card offers better lounge access?

American Express Membership Rewards Credit Card: No complimentary lounge access. HSBC TravelOne Credit Card: 6 per year domestic lounge.

Which card has a higher base reward rate?

Base reward rates are not fully available for both cards in the current snapshot.

Pairwise comparison Compare 3+ cards →

American Express Membership Rewards vs HSBC India TravelOne Visa Credit Cards – Fees, Lounge, Forex

Side-by-side comparison of the American Express Membership Rewards and the HSBC India TravelOne Visa. Verify fees, lounge access, forex markup, and base rewards before you apply.

Lounge HSBC India TravelOne Visa

Quick comparison

Three core metrics

Membership Rewards American Express

Annual fee ₹4,500 Waivable at ₹1,50,000 spend
Forex markup 3.5%
Domestic lounge No complimentary lounge access

TravelOne Visa HSBC India

Annual fee ₹4,999 Waivable at ₹8,00,000 spend
Forex markup 3.5%
Domestic lounge 6/year

Reward earning explained

Per card

Membership Rewards

2 pts / ₹100 on General spend (Earn 1 Membership Rewards Point per ₹50 except f…

TravelOne Visa

4 pts / ₹100 on Travel Airlines Foreign (international) + 2 pts / ₹100 on Gener…

Pick based on what matters

2 dimensions

Start with the constraint you care about most: annual fee (American Express Membership Rewards: ₹4,500 vs HSBC India TravelOne Visa: ₹4,999), forex markup (3.5% vs 3.5%), or lounge access (No complimentary lounge access vs 6/year).

Forex markup Tie

Both cards are similar for forex

Forex markup is 3.5%.
Lounge access HSBC India TravelOne Visa wins

HSBC India TravelOne Visa is better for lounge access

HSBC India TravelOne Visa is stronger here. Domestic lounge access is 6 per year.

Verify with issuer

All fields

Standard view

Example usage at this monthly spend

At ₹50k/month spend:

American Express Membership Rewards: ~₹330/month at base rate
HSBC TravelOne: Base earn not clearly specified

Illustrative only, using current base rates before caps.

Swipe for all fields

Field	Membership Rewards American Express	TravelOne Visa HSBC India
Lounge Access
Domestic lounge visits No complimentary lounge access vs 6/year	No complimentary lounge access	6/year
International lounge visits Only available for HSBC TravelOne	Not specified	4/year
Forex / International Use
Forex markup	3.5%	3.5%
Fees
Annual fee ₹4,500 vs ₹4,999	₹4,500	₹4,999
Joining fee ₹1,000 vs ₹4,999	₹1,000	₹4,999
Fee waiver spend ₹1,50,000 vs ₹8,00,000	₹1,50,000	₹8,00,000
Interest-free period Only available for American Express Membership Rewards	Up to 48 days	Not specified
Rewards
Points per ₹100	2 pts	2 pts
Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. Only available for American Express Membership Rewards	₹0.333	Not specified

Notes

Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.