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HSBC · HSBC PREMIER CREDIT CARD (METAL)

HSBC Premier Credit Card (Metal)

ANNUAL FEE
₹20,000 waived at ₹40L spend
FIRST-YEAR NET VALUE
₹1,22,600 for a mid spender · travel
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HSBC Premier Credit Card (Metal)
•••• •••• •••• 4256
VALID THRU 12 / 28
Updated 17 Sep 2026 8 verified sources Data is current
01 ELIGIBILITY

Can I get this card?

Meet these thresholds and you're likely to be approved. Final call is HSBC's.

Pre-check eligibility
MONTHLY INCOME Check with bank Issuer-dependent
CREDIT SCORE Check with bank Good band
AGE Adult Primary or add-on applicant
RESIDENCY Indian PAN, Aadhaar + income proof
02 FIT

Is this card for me?

We've modeled this card's value for a default urban spender. Tweak the persona to see how it shifts — or personalize with your real spends.

DEFAULT PERSONA · MID SPENDER · TRAVEL
₹1,22,600 first-year net value · mid spender · travel
Category rewards ₹1,02,600
Welcome benefit· Welcome reward points ₹20,000
Annual fee − ₹20,000
Fee waiver (met)· Annual renewal fee of ₹20,000 waived for qualified HSBC Premier customers - Average quarterly Total Relationship Balance of ₹50 lakh, OR net monthly salary credit of ₹3 lakh, OR (from 1 Jan 2026) a mortgage of ₹1.15 crore plus the TRB criterion ₹20,000
Net first-year value ₹1,22,600
SPEND LEVEL
LIFESTYLE
Want numbers tuned to your real spends?
03 EARN

What will I earn?

Base rate, accelerated categories, milestones, and what each reward point is actually worth when you redeem.

BASE REWARD RATE
3 pts 3 points per ₹100
≈ 1.50% back on eligible spends
NOT ELIGIBLE Fuel · rent · wallets · utility · government
ACCELERATED CATEGORIES Up to 12.0% back
Up to 12X reward points on Travel with Points redemptions (product page 2026-09-17); the time-bound 4X overseas offer is no longer listed Up to 12X · 12.0%
Everything else (base) · 1.5%
04 MAXIMIZE · YOUR EDGE

How do I extract every rupee?

Plays grounded in this card's specific levers. Updated each time HSBC tweaks the program.

01

Front-load overseas spend before 31 Dec 2026

The 4X overseas promo pays 12 points per ₹100 — roughly 6% effective at INR 0.50 Travel-with-Points value, stacked on the 0.99% forex markup. Route international bookings and travel now while the offer window is live.

02

Redeem only via Travel with Points or 1:1 transfer

Points are worth INR 0.50 on Travel with Points and 1:1 on BA Avios, KrisFlyer, or Emirates Skywards. Cashback and catalogue redemptions drop to INR 0.20 — a 60% haircut. Never burn points there.

03

Capture the ₹12,000 Taj gift card on joining

First spend within 30 days unlocks 20,000 reward points plus a ₹12,000 Taj Experiences gift card and complimentary Taj Epicure membership. Combined welcome value covers nearly the full ₹14,160 GST-inclusive joining fee.

04

Maintain ₹40L TRB to zero out the ₹23,600 annual fee

Hold ₹40 lakh Premier Total Relationship Balance (savings, FDs, investments, family inclusive) or qualify via ₹3L salary CEP to waive the ₹23,600 GST-inclusive annual fee. Without Premier status the card breaks even only at very high spend.

05

Keep utilities+insurance under ₹1L and dodge excluded MCCs

Post-April 2025, fuel, tax, education, jewelry, e-wallets, and rent earn zero. Utilities and insurance cap at ₹1 lakh/month (3,000 points). Cap monthly card-wide at 100,000 points — push the rest to a secondary card.

05 COSTS

What will I pay?

Fees, transaction charges, interest rates — all inclusive of taxes where noted.

FEES

Charges below are base amounts; GST applies where applicable.

Joining fee ₹12,000 · + 18% GST · one-time
Annual fee (year 2+) ₹20,000 · waived at ₹40L spend
Add-on cards Up to 3 free
TRANSACTION CHARGES
Foreign currency markup 1.0% · lowest in class
Finance charges (purchase) 3.49% per month · ~42% APR
Late payment ₹100 – ₹1,300 · based on outstanding
06 BENEFITS

What else comes with it?

Non-reward perks — lounges, dining, golf, insurance, concierge. Worth factoring into the total value, even when hard to price.

Airport lounges

unlimited domestic + unlimited international visits per year. Primary cardholder.

Welcome voucher

₹20,000 Welcome reward points.

Travel cover

Air accident cover, lost-card liability, emergency card replacement abroad.

07 FAQ

Common questions

The ₹20,000 + GST (₹23,600) annual fee is waived for HSBC Premier customers who meet relationship criteria — typically a ₹40 lakh Total Relationship Balance across savings, FDs, investments and demat (family balances count), or ₹3 lakh net monthly salary via HSBC CEP. Without Premier status the ₹14,160 joining fee still applies.

08 WHAT CHANGED

How HSBC Premier Credit Card (Metal) has changed.

Last verified 17 Sep 2026.

  1. 17 Sep 2026 Premier waiver criterion updated to ₹50 lakh TRB, ₹3 lakh monthly salary or a ₹1.15 crore mortgage plus TRB (was ₹40 lakh TRB); the time-bound 4X overseas offer and the Taj gift card/Epicure welcome extras are no longer on the page and were removed; point value recorded at ₹1 at Apple with 1:1 miles conversion. Joining ₹12,000, renewal ₹20,000, 0.99% forex, 3 points per ₹100, unlimited lounges with 8 international guest visits and up to 12X on Travel with Points re-verified. Harder to qualify for the fee waiver; welcome value now points-only
HOW WE KEEP THIS CURRENT

Last verified 17 Sep 2026. Sources: HSBC India Premier Credit Card Metal product page (official), HSBC Premier Credit Card Metal service guide PDF (official), HSBC Premier Credit Card Metal MITC PDF (official), HSBC Premier Credit Card Metal KFS PDF (official), HSBC Premier Credit Card Metal introductory offers T&C PDF (official), PerkPilot editorial: maximize_plays (Plan 14b, 2026-04), PerkPilot editorial: faq (Plan 14b Phase 4, 2026-04), hsbc.co.in. Next scheduled review: 17 Mar 2027.

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