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HSBC India TravelOne Visa vs ICICI Bank Sapphiro Mastercard Credit Cards – Fees, Lounge, Forex

Side-by-side comparison of the HSBC India TravelOne Visa and the ICICI Bank Sapphiro Mastercard. Verify fees, lounge access, forex markup, and base rewards before you apply.

Forex HSBC India TravelOne Visa HSBC India TravelOne Visa is stronger here. Forex markup is 0%.
Lounge ICICI Bank Sapphiro Mastercard ICICI Bank Sapphiro Mastercard is stronger here. Domestic lounge access is 16/year (4 per quarter).

Quick comparison

Feature TravelOne Visa Sapphiro Mastercard
Annual fee ₹4,999 Waivable at ₹8,00,000 spend ₹3,500 Waivable at ₹6,00,000 spend
Forex fee 0% 3.5%
Domestic lounge 6/year 16/year (4 per quarter)

Fees: Sapphiro Mastercard wins

Confidence: High

Forex: TravelOne Visa wins

Confidence: Medium (verify with issuer)

Lounge: Sapphiro Mastercard wins

Confidence: Medium (verify with issuer)

Confidence varies by card — verify issuer terms

TravelOne Visa 2 pts / ₹100 on General spend
Sapphiro Mastercard 2 pts / ₹100 on General spend

Pick based on what matters

Start with the constraint you care about most: annual fee (HSBC India TravelOne Visa: ₹4,999 vs ICICI Bank Sapphiro Mastercard: ₹3,500), forex markup (0% vs 3.5%), or lounge access (6/year vs 16/year (4 per quarter)).

Explore: HSBC India TravelOne Visa card page · ICICI Bank Sapphiro Mastercard card page · best credit cards in India

If this pair is close, these are the next useful side-by-side checks.

Confidence: Medium (verify with issuer)

Verify with issuer (opens in new tab)

Confidence: High

Verify with issuer (opens in new tab)

Example usage at this monthly spend

At ₹50k/month spend:

Illustrative only, using current base rates before caps.

TravelOne Visa HSBC India Sapphiro Mastercard ICICI Bank
Lounge Access
Domestic lounge visits
6/year vs 16/year (4 per quarter)
6/year 16/year (4 per quarter)
International lounge visits
4/year vs 2/year
4/year 2/year
Forex / International Use
Forex markup
Source agreement differs — verify both.
0% vs 3.5%
0% 3.5%
Fees
Annual fee
₹4,999 vs ₹3,500
₹4,999 ₹3,500
Joining fee
₹4,999 vs ₹6,500
₹4,999 ₹6,500
Fee waiver spend
₹8,00,000 vs ₹6,00,000
₹8,00,000 ₹6,00,000
Rewards
Points per ₹100 2 pts 2 pts
Point cash value
₹0.35 vs ₹0.25
₹0.35 ₹0.25

Notes