HSBC Premier Metal Credit Card – Benefits, Fees & Eligibility

Introduction

The HSBC Premier Credit Card, issued by HSBC Bank, is a premium offering exclusively for its Premier banking customers. Positioned as an elite card, it provides a comprehensive suite of benefits designed for high-net-worth individuals, including a low foreign currency markup of 0.99%, unlimited domestic and international airport lounge access, and a strong rewards program that offers 3 reward points for every INR 100 spent, with accelerated earnings up to 12X on travel bookings. Cardholders can also enjoy benefits worth up to INR 2.5 lakhs annually.

Welcome Benefits

• Earn 20,000 reward points when you make your first transaction with the card within 30 days of issuance. Fuel transactions are included for this offer.

Fees

• Joining Fee: INR 12,000 + GST (paid after card activation).
• Annual Renewal Fee: INR 20,000 + GST.
• Spend-Based Waiver: The annual renewal fee is waived if you meet the HSBC Premier eligibility criteria.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 0.99% of the transaction amount, applicable globally without conditions.
• Interest Rates: 2.99% per month (or 35.88% annually).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations across India on transactions from INR 400 to INR 4,000. No reward points are earned on fuel purchases.
• Cash Advance Charges: INR 300 or 2.5% of the amount withdrawn, whichever is higher.

Rewards

• General Rewards Rate: Earn 3 reward points for every INR 100 you spend on your card.
• Reward Point Expiry: Reward points never expire.
• Accelerated Rewards (Travel with Points / HSBC Rewards Marketplace):
  • Earn 6X reward points (18 points per INR 100) on flights.
  • Earn 12X reward points (36 points per INR 100) on hotels.
  • Earn 2X reward points (6 points per INR 100) on car rentals.
  • Accelerated reward earnings are capped at 18,000 Reward Points per cardholder per calendar month.
• Reward Point Earning Caps: Reward points for categories such as Utilities, Tax Payment, Real Estate and Managers, Jewelry, Money Transfer, Insurance, E-Wallets, Education & Government, and Bail & Bond Payments are applicable on spends up to INR 1,00,000 per month.
• Movies: Enjoy entertainment any day of the week with buy one, get one offers at BookMyShow. This offer is valid twice per card per month, allowing a maximum of two free tickets worth up to INR 750 each in a calendar month. The offer is available on weekdays even after the first 2,000 Saturday bookings are exhausted.
• Dining: Get unparalleled dining offers with 30% off your bill (up to INR 1,500) with EazyDiner.
• Travel:
  • Enjoy unlimited domestic and international airport lounge access for cardholders.
  • Receive 8 complimentary international guest visits to airport lounges.
  • Benefit from a 0.99% foreign exchange markup, anywhere and any time globally.
  • Relax with international travel insurance covering lost luggage, delays, travel documents, and more.
  • Save up to 20% on hotel bookings with Agoda.
  • Get one night free when you book an eligible stay at participating hotels with Mastercard.
  • Access a luxury hotel & resorts programme offering complimentary upgrades, early check-in and late check-out, and exclusive extras at over 3,800 luxury destinations worldwide with Mastercard.
• Golf: Up to 24 complimentary golf lessons across India (as a Premier Account Benefit).
• Lifestyle & Shopping:
  • Enjoy VIP guest experiences, eVIP pass discounts, hands-free shopping, private sale events, and reserved parking at The Bicester Collection Villages.
  • Access hotel membership offers with exclusive savings, room upgrades, and bonus rewards with Marina Bay Sands, GHA Discovery, Brilliant by Langham, and more with Mastercard.
• Insurance: Get insurance coverage for any misuse of your card from 24 hours before reporting it lost, up to INR 300,000 (online fraud protection and lost card liability).

Rewards Redemption Guide

• Value at Apple: Get maximum value from your reward points with 1 point worth INR 1 at Apple, plus get up to 5% cashback.
• Instant Conversion: Instantly convert your reward points to air miles and hotel loyalty points at 1:1 in the HSBC India Mobile Banking app.
• Hotel Loyalty Programs Conversion Ratio (Reward Points to Partner Points):
  • Accor: 1:1
  • IHG Hotels & Resorts: 1:1
  • Marriott International: 1:1
  • Shangri-La: 5:1
  • Wyndham Hotels & Resorts: 1:1
• Airline Loyalty Programs Conversion Ratio (Reward Points to Air Miles):
  • Air India Maharaja Club: 1:1
  • AirAsia Rewards: 1:3
  • Flying Blue: 1:1
  • The British Airways Club: 1:1
  • Etihad Guest: 1:1
  • Infinity MileageLands: 1:1
  • Hainan Airlines Fortune Wings Club: 2:1
  • JAL Mileage Bank: 1:1
  • Singapore Airlines Krisflyer: 1:1
  • Qantas Frequent Flyer: 1:1
  • Qatar Airways Privilege Club: 1:1
  • Royal Orchid Plus: 1:1
  • Vietnam Airlines Lotusmiles: 1:1
  • United MileagePlus: 2:1
  • Turkish Airlines Miles&Smiles: 2:1
• Other Redemptions: Reward points are redeemable for products, shopping vouchers, etc., on the bank’s rewards catalogue.

Card Eligibility Criteria

• Primary Eligibility: You must be an existing HSBC Premier customer to apply for this card.
• HSBC Premier Banking Relationship Criteria (to qualify for Premier):
  • Total Relationship Balance (TRB) criterion: Maintain an average quarterly Total Relationship Balance (TRB) of INR 50,00,000 (50 lakh) OR
  • Salary criterion: Maintain a salary account with a net monthly salary credit of INR 300,000 (Rupees three lakh only) OR
  • Mortgage criterion (effective 01 Jan 2026): Avail a mortgage relationship of INR 11,500,000 (Rupees one crore fifteen lakh only) and meet the Total Relationship Balance (TRB) criterion of INR 50,00,000 (50 lakh) within 12 months from the date of first disbursement of the mortgage loan.

Card Review

The HSBC Premier Credit Card is an exclusive offering for HSBC Premier Relationship members. It is complimentary for qualified Premier customers and provides a decent reward rate along with a host of premium benefits. While the eligibility criteria for an HSBC Premier banking relationship are quite high, making it suitable only for elite customers, the card offers valuable rewards on categories often excluded by other cards, such as gold purchases and tax payments (up to INR 1 lakh per month). However, some may find that the benefits, despite the high relationship requirement, do not fully match those offered by other banks' top-tier cards. Overall, if you are an existing HSBC Premier customer, this card is a strong choice due to its comprehensive travel, dining, and lifestyle privileges, coupled with a low foreign currency markup.

Important Product Details

• This card is exclusive to HSBC Premier Relationship customers.
• Earn 3 Reward Points for every INR 100 spent using the card.
• Reward Points are transferable to partner airlines’ AirMiles programs and hotel loyalty programs at competitive rates.
• Reward Points are redeemable for products, shopping vouchers, and Apple Imagine Vouchers at a 1:1 ratio.
• Features a lower than usual foreign currency mark-up of 0.99%.
• Offers complimentary unlimited airport lounge access for primary and add-on cardholders, plus 8 international guest visits.
• Pros:
  • Offers reward points on select categories for spends up to INR 1 lakh per month, including categories usually excluded like gold purchases and tax payments.
  • Reward points have lifetime validity.
• Cons:
  • The eligibility criteria for an HSBC Premier banking relationship are quite high, making this card suitable only for elite customers.

Other Details

• EMI Options: Convenient EMI options are available, including Balance Transfer on EMI, Cash-on-EMI, or Loan-on-Phone, allowing you to pay credit card dues in Equated Monthly Instalments.
• Balance Transfer: You can transfer your outstanding credit card balance to an HSBC credit card for easy repayments at a lower interest rate.
• Application Process:
  • If you are not an HSBC Premier customer, you need to establish a Premier bank account first.
  • Existing Premier banking customers need to visit a branch to apply for this credit card.
  • Alternatively, you can call HSBC on 1800 120 4722 (within India) or +91-80-71898001 (from overseas).
• Important Terms and Conditions, Introductory offers terms and conditions, Service guide, and Credit Card Key Fact Statement are available as downloadable PDF documents.