2 pts / ₹100 · 4 points/₹100 on eligible airlines, travel aggregators and foreign-currency transactions
Strong data Pairwise comparison
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HSBC TravelOne vs SBI Miles Elite
Side-by-side comparison of the HSBC India TravelOne and the SBI Card Miles Elite. Verify fees, lounge access, forex markup, and base rewards before you apply.
The short answer
Pick Miles Elite for lounge access and spending abroad.
Head-to-head
- Annual fee Annual fee outcome: tie. TravelOne ₹4,999 Waivable at ₹8,00,000 spendMiles Elite ₹4,999 Waivable at ₹15,00,000 spend
- Forex markup Forex markup outcome: Miles Elite wins. Miles Elite saves ~₹1,510 per ₹1L abroadTravelOne 3.5%Miles Elite 1.99%
- Domestic lounge Domestic lounge outcome: Miles Elite wins. TravelOne 6/yearMiles Elite 8/year
- Rewards Rewards outcome: insufficient data to compare. conservative base valueTravelOne Not safely INR-comparableMiles Elite ~0.3%
Reward earning explained
2 Travel Credits / ₹200 · Up to 6 Travel Credits / ₹200 on Travel
Strong dataExample usage at this monthly spend
At ₹50k/month spend:
- SBI Miles Elite: ~₹130/month at base rate
- HSBC TravelOne: Base earn not clearly specified
Illustrative only, using current base rates before caps.
All fields
| Field | TravelOne HSBC India | Miles Elite SBI Card |
|---|---|---|
| Lounge Access | ||
| Domestic lounge visits 6/year vs 8/year | 6/year | 8/year |
| International lounge visits 4 per year vs 6 per year | 4 per year | 6 per year |
| Forex / International Use | ||
| Forex markup 3.5% vs 1.99% | 3.5% | 1.99% |
| Fees | ||
| Recurring annual fee | ₹4,999 | ₹4,999 |
| Annual-fee waiver ₹8,00,000 vs ₹15,00,000 | ₹8,00,000 | ₹15,00,000 |
| Interest-free period Only available for SBI Miles Elite | Not specified | Up to 50 days |
| Monthly interest rate | 3.75% / month | 3.75% / month |
| Late-payment charge Only available for SBI Miles Elite | Not specified | ₹100–₹1,300 depending on outstanding balance |
| Fuel benefit Only available for SBI Miles Elite | Not specified | 1% surcharge waiver · ₹500–₹3,000 transactions · ₹500/month waiver cap · Fuel rewards excluded |
| Rewards | ||
| Base earn 2 pts / ₹100 vs 2 Travel Credits / ₹200 | 2 pts / ₹100 | 2 Travel Credits / ₹200 |
| Conservative base value Not safely INR-comparable vs ~0.3% | Not safely INR-comparable | ~0.3% |
| Earn ceiling Calendar-month cap: 50,000 points shared across Airlines and travel aggregators & Foreign-currency transactions vs Calendar-month cap: 15,000 Travel Credits shared across General spend & Travel | Calendar-month cap: 50,000 points shared across Airlines and travel aggregators & Foreign-currency transactions | Calendar-month cap: 15,000 Travel Credits shared across General spend & Travel |
| Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. Only available for SBI Miles Elite | Not specified | ₹0.25 |
| Point validity Only available for SBI Miles Elite | Not specified | 2 years |
| Insurance — Air accident cover Only available for SBI Miles Elite | Not specified | ₹1 crore |
| Insurance — Lost card liability cover ₹3 lakh vs ₹1 lakh | ₹3 lakh | ₹1 lakh |
| Insurance — Purchase protection Only available for HSBC TravelOne | Not specified | Not specified |
| Insurance — Underwriter Only available for SBI Miles Elite | Not specified | Insured by ICICI Lombard General Insurance Company Limited |
Notes
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.
HSBC India TravelOne
Verify with issuer , opens external siteSBI Card Miles Elite
Verify with issuer , opens external site