HSBC TravelOne vs ICICI MakeMyTrip
Full side-by-side comparison based on verified card data. Updated April 2026.
Quick Verdict
ICICI MakeMyTrip Credit Card wins 6 of 8 dimensions with a CardTrail Score of 8.5/10 vs 8.2/10.
| Feature | HSBC TravelOne | ICICI MakeMyTrip |
|---|---|---|
| CardTrail Score | 8.2/10 | 8.5/10 |
| Annual Fee | ₹4,999 | ₹999 |
| Base Reward Rate | 4% | 1% |
| Max Reward Rate | 4% | 6% |
| Forex Markup | 3.5% | 1% |
| Domestic Lounges | 6 | 8 |
| International Lounges | 4 | 1 |
| Fuel Surcharge Waiver | No | Yes |
| Network | Mastercard | Visa |
When to Choose HSBC TravelOne
- You can meet the fee waiver condition: Spend Rs 8L/year
- Your primary spend is: travel, airmiles, hotels
When to Choose ICICI MakeMyTrip
- You can meet the fee waiver condition: Spend ₹3L/year
- You travel internationally — saves ₹2,500/year on ₹1L forex spend
- You want higher rewards — up to 6% vs 4%
- Airport lounge access matters — 8 domestic visits
Forex Cost Comparison
On ₹1,00,000 annual international spending: HSBC TravelOne costs ₹4,130 in forex fees vs ICICI MakeMyTrip at ₹1,180. You save ₹2,950/year with ICICI MakeMyTrip.
Annual Fee Value Analysis
To break even on HSBC TravelOne's ₹4,999 fee at 4% rewards, spend ₹10,415/month.
To break even on ICICI MakeMyTrip's ₹999 fee at 1% rewards, spend ₹8,325/month.