HSBC Premier Metal Credit Card

HSBC Premier Credit Card Rewards Earnings

Cardholders will get 3 Reward Points/₹100 spent using their credit card. These Reward Points never expire and can be redeemed for a variety of items, including Apple products, at a 1:1 ratio with Imagine vouchers. This credit card offers a 3% rewards rate, which is quite good.

One of the most attractive aspects of this rate is that there are currently few exceptions, aside from the usual ones like fuel and EMIs. We may see new restrictions added soon due to the trend of devaluation, but for now, this credit card provides unhindered rewards. But there is a limit on reward earnings for certain categories, as given below.

Reward points for the categories mentioned below are applicable on spends up to ₹1,00,000 per month.

• Utilities
• Tax Payment
• Real Estate and Managers
• Jewelry
• Money Transfer
• Insurance
• E-Wallets
• Education & Government
• Bail & Bond Payments

Reward Points Redemption

Cardholders can convert their Reward Points into various airline and hotel loyalty programs. The redemption rate is as follows-

Hotel Loyalty Programs

Airline Loyalty Programs

Accelerated RP Earnings With HSBC Rewards Marketplace

The HSBC Premier Credit Card offers accelerated reward points on select categories when you shop via the HSBC Rewards Marketplace. While this allows cardholders to earn higher reward points on eligible spends, the accelerated reward earnings are capped at 18,000 Reward Points per cardholder per calendar month.

Other HSBC Premier Features and Rewards

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.

Airport Lounge Access

• Complimentary unlimited access to domestic and international airport lounges.
• Eight complimentary visits to the international airport lounges across the globe for guests.

Lower Foreign Currency Markup Fee

You have to pay a lower markup fee of 0.99% of the transacted amount while making transactions in a foreign currency. Most other cards charge a markup fee of 2.5% to 3.5%.

Movie Benefits

Cardholders can enjoy a Buy One Get One (BOGO) movie ticket offer on BookMyShow, valid on all days of the week. The offer can be used twice per card per month, allowing a maximum of two free tickets worth up to ₹750 each in a calendar month.

Even after the first 2,000 bookings on a Saturday are exhausted, HSBC Premier Mastercard Credit Cardholders can still avail the offer on other weekdays.

How to Apply for the HSBC Premier Credit Card?

In order to be eligible for this credit card, one is required to maintain an HSBC Premier relationship in India. Suppose you have a Premier relationship with HSBC in India. Here are the eligibility criteria for a premier banking relationship with HSBC Bank.

• Total Relationship Balance (TRB): Maintain an average quarterly balance of ₹50 lakh with HSBC.

OR,

• Salary Account: Have an HSBC salary account with a net monthly salary credit of ₹3 lakh or more.

OR,

• Mortgage Relationship (From 1 Jan 2026): Take a home loan of ₹1.15 crore or more with HSBC and maintain a ₹50 lakh TRB within 12 months of the first loan disbursement.

HSBC Premier Metal Credit Card Review

As this card is exclusive to Premier Relationship members, it’d be unfair to compare it with other similar cards in the market. Still, since it is complimentary for Premier customers and offers a decent reward rate and premium benefits, there is no reason to skip this one if you are a Premier customer of the bank. Still, even after maintaining such a high level of relationship with the bank, the customer is not receiving the full benefits in terms of credit cards compared to other banks.

What do you think of this Premier Relationship exclusive offering by the HSBC Bank? Do let us know in the comments. And if you’re an existing cardholder, feel free to share your experience for the benefit of others.