I have nearly applied 3 times but my application got rejected for the reson best known to them. Even though I have CitiBank, Standard chartered Bank and American Express Bank to my account. Form My agent I learned HBSC is one of the Best Multinational company whoes charges are very less compared to other banks, But most of the MNC are useless to Indian envirnament sience the service rendered and charges are exhobirant and interest perannum works out to 60%. It is better to go for debit card like Suvidha from CitiBank rather than going for credit card.They even charge you Rs.100/- perwithdrawal from any ATM centres. for renewal they charge another 750 to 995 per annum.