Axis Burgundy Private vs HSBC Premier (Metal) (2026)
HSBC Premier (Metal) vs Axis Burgundy Private: which wins?
₹1,16,000ranking value a year at ₹3L a month, to Axis Burgundy Private
Skip the duel — the board, ranked → · nothing to sign up for
The answer flips at ₹2.25L a month: HSBC Premier (Metal) below it, Axis Burgundy Private above.
HSBC Premier (Metal) wins under ₹2.25L/month; Axis Burgundy Private takes over above it.
Every metric, row by row — 12 compared
Head to head
| Axis Burgundy Private | Metric | HSBC Premier (Metal) |
|---|---|---|
| invite-only | Our rank | #3 |
| ₹1,00,000/yr | Fee — joining · annual (+ GST) | ₹12,000 joining, then ₹20,000/yr — wins this row |
| By relationship | Fee waiver | By relationship |
| Nil — no foreign-currency markup, and Nil dynamic-currency-conversion markup too; the 12-Aug-2026 KFS named THREE Axis cards at zero DCC — Burgundy Private, PRIMUS and OLYMPUS — but the 18-Aug-2026 edition moved OLYMPUS into the 1.8% clause from 28 August 2026, leaving Burgundy Private and PRIMUS as the two — wins this row | Forex markup | 0.99% + GST |
| 1.5% p.m. (19.56% p.a.) — the lowest rate Axis publishes, per the bank's own Key Fact Sheet (sosc-credit-cards.pdf); corrects CardExpert's "nil interest" launch claim | APR | 2.99%/mo (35.88%/yr), computed from transaction date — Premier-specific rate (all other HSBC cards 3.75%/mo) |
| 6.0% — wins this row | Headline earn rate | 3.0% |
| Axis EDGE Reward Points | Currency | HSBC Reward Points |
| ₹0.40/pt | House value | ₹1.00/pt |
| None — the card ships bare; the ₹1,00,000 fee reads Nil for the Burgundy Private clients who are the only people allowed to hold it | Welcome benefit | 20,000 reward points on first spend (cards issued through 31 Dec 2026) — the Taj Epicure/EazyDiner membership welcome quietly ended by Apr 2026 |
| 667 of 793 — wins this row | Lounge doors opened | 43 of 793 |
| No income route — invite-only: Burgundy Private banking relationship with ₹5 Cr+ total relationship value | Income — salaried | Qualified Premier relationship: ₹3L+ net monthly salary credit, or ₹50L quarterly TRB (₹40L if the account opened before 1-Jan-2026), or ₹1.15Cr+ mortgage plus the TRB criterion |
| Same gate — the ₹5 Cr+ private-banking relationship is the underwriting | Income — self-employed | Same Premier relationship gates — TRB or mortgage routes |
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
The ₹ face-off at ₹1L/₹3L/₹5L a month
Ranking-value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. This is the ranking model, the one that orders the board; each card page prints the earn-rate-only net annual value instead, which reads lower for any card with an accelerator (both models, side by side). Tune it to your own spend in the calculator.
HSBC Premier (Metal) wins under ₹2.25L/month; Axis Burgundy Private takes over above it.
Where the lead changes hands — a 20-step sweep from ₹0.25L to ₹5L/month
Where the lead changes hands
The lead changes hands at ₹2.25L a month: HSBC Premier (Metal) is ahead by ₹71,000 at ₹0.25L, Axis Burgundy Private by ₹1,00,000 at ₹5L.
HSBC Premier (Metal) charges twice — ₹12,000 to join, then ₹20,000 every year after.
Axis Burgundy Private draws above the line, HSBC Premier (Metal) below · ₹0.25L to ₹5L a month, step by step
| Monthly spend | Axis Burgundy Private | HSBC Premier (Metal) | In front |
|---|---|---|---|
| ₹0.25L | −₹82,000 | −₹11,000 | HSBC Premier (Metal) by ₹71,000 |
| ₹0.5L | −₹64,000 | −₹2,000 | HSBC Premier (Metal) by ₹62,000 |
| ₹0.75L | −₹46,000 | ₹7,000 | HSBC Premier (Metal) by ₹53,000 |
| ₹1L | −₹28,000 | ₹16,000 | HSBC Premier (Metal) by ₹44,000 |
| ₹1.25L | −₹10,000 | ₹25,000 | HSBC Premier (Metal) by ₹35,000 |
| ₹1.5L | ₹8,000 | ₹34,000 | HSBC Premier (Metal) by ₹26,000 |
| ₹1.75L | ₹26,000 | ₹43,000 | HSBC Premier (Metal) by ₹17,000 |
| ₹2L | ₹44,000 | ₹52,000 | HSBC Premier (Metal) by ₹8,000 |
| ₹2.25L | ₹62,000 | ₹61,000 | Axis Burgundy Private by ₹1,000 |
| ₹2.5L | ₹80,000 | ₹70,000 | Axis Burgundy Private by ₹10,000 |
| ₹2.75L | ₹98,000 | ₹79,000 | Axis Burgundy Private by ₹19,000 |
| ₹3L | ₹1,16,000 | ₹88,000 | Axis Burgundy Private by ₹28,000 |
| ₹3.25L | ₹1,34,000 | ₹97,000 | Axis Burgundy Private by ₹37,000 |
| ₹3.5L | ₹1,52,000 | ₹1,06,000 | Axis Burgundy Private by ₹46,000 |
| ₹3.75L | ₹1,70,000 | ₹1,15,000 | Axis Burgundy Private by ₹55,000 |
| ₹4L | ₹1,88,000 | ₹1,24,000 | Axis Burgundy Private by ₹64,000 |
| ₹4.25L | ₹2,06,000 | ₹1,33,000 | Axis Burgundy Private by ₹73,000 |
| ₹4.5L | ₹2,24,000 | ₹1,42,000 | Axis Burgundy Private by ₹82,000 |
| ₹4.75L | ₹2,42,000 | ₹1,51,000 | Axis Burgundy Private by ₹91,000 |
| ₹5L | ₹2,60,000 | ₹1,60,000 | Axis Burgundy Private by ₹1,00,000 |
Transfer reach — 27 vs 20 live routes
Transfer reach
3 shared routes · 3 only Axis Burgundy Private · 3 only HSBC Premier (Metal) — the full partner lists
Both reach
- Singapore Airlines KrisFlyer 5:4 vs 1:1
- Qatar Airways Privilege Club (Avios) 5:4 vs 1:1
- The British Airways Club (Avios) 5:4 vs 1:1
Only Axis Burgundy Private
- Finnair Plus (Avios)
- Air Canada Aeroplan
- Cathay Asia Miles
Only HSBC Premier (Metal)
- Marriott Bonvoy
- EVA Air Infinity MileageLands
- Hainan Airlines Fortune Wings
Full route maps on each card page, best ₹/point routes on the optimizer →
What to watch out for — 6 points
What to watch out for
Axis Burgundy Private · 3 more →
- Invite-only behind a ₹5 Cr Burgundy Private Total Relationship Value — EXCLUDING demat — so the fee is Nil but the door costs crores
- ₹1,00,000 + GST surfaces if the private-banking relationship lapses or you downgrade out — that lapse fee DOUBLED from ₹50,000 on 1 Sep 2026, and TRV is tested in the month before your card anniversary month, so a relationship that slipped in the wrong month bills six figures
- Aug–Nov 2026 revision package: since 28 Aug 2026 Priority Pass no longer opens Indian domestic lounges (present The One Card itself; PP stays for international and post-immigration lounges), and from 15 Nov 2026 the bundled memberships renew only with your explicit consent
HSBC Premier (Metal) · 1 more →
- Premier relationship required: ₹50L quarterly TRB (₹40L for pre-2026 accounts) or ₹3L/month salary credit
- ₹20,000 renewal fee if your relationship lapses (₹12,000 joining in year one)
- Fuel earns zero, and utilities/insurance/education/govt/e-wallets/jewellery/tax share one ₹1L-a-month earning cap (from 1 Apr 2025)
The call
For the ₹1L/month spender, HSBC Premier (Metal) nets ₹16,000 against −₹28,000 — a ₹44,000 gap. At ₹5L/month, Axis Burgundy Private nets ₹2,60,000 against ₹1,60,000 — a ₹1,00,000 gap. Lounge chasers: Axis Burgundy Private opens 667 of 793 tracked doors to HSBC Premier (Metal)'s 43.
Our standing verdicts: Axis Burgundy Private — Keep; HSBC Premier (Metal) — Keep. Axis Burgundy Private takes 5 of the 7 rounds we can score — that's the overall call. Your spend pattern can overrule us: run your exact numbers →
Common questions — 5 answered
Straight answers
Which is better, Axis Burgundy Private or HSBC Premier (Metal)?
Axis Burgundy Private. Axis Burgundy Private takes 5 of the 7 rounds we can score. HSBC Premier (Metal) wins under ₹2.25L/month; Axis Burgundy Private takes over above it.
Axis Burgundy Private or HSBC Premier (Metal) — which earns more at ₹3L a month?
At ₹3L a month, Axis Burgundy Private nets ₹1,16,000 against ₹88,000 — a ₹28,000 gap. Those are ranking-value figures: everyday spend at the card's base rate plus a realistic slice at its best accelerator, net of the fee.
Which costs less to hold, Axis Burgundy Private or HSBC Premier (Metal)?
HSBC Premier (Metal) — ₹12,000 joining, then ₹20,000/yr against ₹1,00,000/yr. Axis Burgundy Private waives its fee at no spend level — the waiver rides the banking relationship, not the swipe; HSBC Premier (Metal) at no spend level — the waiver rides the banking relationship, not the swipe.
Which gets you into more airport lounges, Axis Burgundy Private or HSBC Premier (Metal)?
Lounge chasers: Axis Burgundy Private opens 667 of 793 tracked doors to HSBC Premier (Metal)'s 43. Visit quotas, guest charges and spend gates are per card — the lounge map carries each one.
How current is this comparison?
Card records last re-verified against their issuers' own documents: Axis Burgundy Private on 2026-09-25, HSBC Premier (Metal) on 2026-08-09. Every figure on this page — the ranking values, the fee rows, the lounge counts, the transfer ratios — is recomputed from those records each time the site builds, so a devaluation changes the call the day we log it.
Verified against Axis Bank and HSBC's own documents on · the ranking model, at our house ₹/point
Every document behind this page — 15 of them, each with the day we read it
- official Axis Bank Burgundy Private — The One Card (the canonical official page; the old /burgundy-private/credit-card path 404s): 15 EDGE REWARD points per ₹200, no forex mark-up
- official Axis Bank Key Fact Sheet (updated 12-Aug-2026) — the Affluent-Cards fee table row for Burgundy Private
- official Axis Bank Domestic Airport Lounge Access Program — Burgundy Private listed under Set B with unlimited complimentary access and the ₹50,000 prior-3-month spend criterion
- official Axis Bank Points/Miles Transfer ratio table — "Burgundy Private credit card & Magnus credit card for Burgundy: 5 EDGE REWARD Points = 4 Partner Points"
- official Axis revision T&C PDF — annual fee revised ₹50,000 → ₹1,00,000 + GST w.e.f. 01-09-2026 when the ₹5 Cr TRV lapses; Priority Pass invalid at Indian domestic lounges from 28-08-2026
- community CardInsider — invite-only at ₹5 Cr TRV, 15 EDGE RP/₹200, exclusions + 6,000 RP/month insurance cap, welcome Nil; still prints the pre-1-Sep-2026 ₹50,000 fee, so it lags Axis
- community CardExpert launch review — Visa Infinite metal, ₹5 Cr+ net relationship value, 8 meet-and-assist services, Dec-2019 launch
- community PointsMath Axis transfer grid — dedicated column "Burgundy Pvt The One Metal" at 5:4 on every partner incl; the Apr-2026 adds (cells read "5:4(5:2 M4B)")
- official Product page (joining ₹12,000, renewal ₹20,000 waived for Qualified Premier, 3 RP/₹100, unlimited lounges + 8 international guest visits, 0.99% forex, 20,000-pt welcome)
- official Tariff/MITC PDF (fees, 2.99%/mo, 0.99% currency-conversion charge, the three Qualified-Premier criteria — ₹50L quarterly TRB / ₹40L if the Premier account opened)
- official Premier Credit Card Service Guide — Rewards Programme clause 2 (the ₹1,00,000/month capped categories) and clause 12, which names the downgrade: Premier → TravelOne
- official Introductory-offer T&C — 20,000 reward points on the First Transaction, cards issued 9 Oct 2025 – 31 Dec 2026
- official Premier rewards page — Premier's OWN transfer table, identical to TravelOne's 20-partner stable (15 airlines + 5 hotels; AirAsia 1 pt = 3 miles, Hainan/Turkish/United 2:1)
- community CardExpert review (joining ₹12,000 / renewal ₹20,000, ₹12,000 Taj gift card, 3 RP/₹100, 0.99% forex)
- official Premier account eligibility — TRB/salary/mortgage routes + overseas-Premier reciprocity