Axis Burgundy Private vs HSBC Premier (Metal) (2026)
The answer flips at ₹1L a month: HSBC Premier (Metal) below it, Axis Burgundy Private above.
Head to head
| Axis Burgundy Private | Metric | HSBC Premier (Metal) |
|---|---|---|
| #9 — wins this row | Our rank | #11 |
| ₹50,000/yr | Fee — joining · annual (+ GST) | ₹12,000 joining, then ₹20,000/yr — wins this row |
| None | Fee waiver | None |
| Nil — no foreign-currency markup, and Nil dynamic-currency-conversion markup too; Burgundy Private and PRIMUS are the only two Axis cards at zero — 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 ₹50,000 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 |
| 731 of 789 — wins this row | Lounge doors opened | 72 of 789 |
| 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 →
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 ₹1L/month; Axis Burgundy Private takes over above it.
Where the lead changes hands
The lead changes hands at ₹1L a month: HSBC Premier (Metal) is ahead by ₹21,000 at ₹0.25L, Axis Burgundy Private by ₹1,50,000 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 | −₹32,000 | −₹11,000 | HSBC Premier (Metal) by ₹21,000 |
| ₹0.5L | −₹14,000 | −₹2,000 | HSBC Premier (Metal) by ₹12,000 |
| ₹0.75L | ₹4,000 | ₹7,000 | HSBC Premier (Metal) by ₹3,000 |
| ₹1L | ₹22,000 | ₹16,000 | Axis Burgundy Private by ₹6,000 |
| ₹1.25L | ₹40,000 | ₹25,000 | Axis Burgundy Private by ₹15,000 |
| ₹1.5L | ₹58,000 | ₹34,000 | Axis Burgundy Private by ₹24,000 |
| ₹1.75L | ₹76,000 | ₹43,000 | Axis Burgundy Private by ₹33,000 |
| ₹2L | ₹94,000 | ₹52,000 | Axis Burgundy Private by ₹42,000 |
| ₹2.25L | ₹1,12,000 | ₹61,000 | Axis Burgundy Private by ₹51,000 |
| ₹2.5L | ₹1,30,000 | ₹70,000 | Axis Burgundy Private by ₹60,000 |
| ₹2.75L | ₹1,48,000 | ₹79,000 | Axis Burgundy Private by ₹69,000 |
| ₹3L | ₹1,66,000 | ₹88,000 | Axis Burgundy Private by ₹78,000 |
| ₹3.25L | ₹1,84,000 | ₹97,000 | Axis Burgundy Private by ₹87,000 |
| ₹3.5L | ₹2,02,000 | ₹1,06,000 | Axis Burgundy Private by ₹96,000 |
| ₹3.75L | ₹2,20,000 | ₹1,15,000 | Axis Burgundy Private by ₹1,05,000 |
| ₹4L | ₹2,38,000 | ₹1,24,000 | Axis Burgundy Private by ₹1,14,000 |
| ₹4.25L | ₹2,56,000 | ₹1,33,000 | Axis Burgundy Private by ₹1,23,000 |
| ₹4.5L | ₹2,74,000 | ₹1,42,000 | Axis Burgundy Private by ₹1,32,000 |
| ₹4.75L | ₹2,92,000 | ₹1,51,000 | Axis Burgundy Private by ₹1,41,000 |
| ₹5L | ₹3,10,000 | ₹1,60,000 | Axis Burgundy Private by ₹1,50,000 |
Transfer reach
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
- Ethiopian ShebaMiles
Only HSBC Premier (Metal)
- Marriott Bonvoy
- ALL - Accor Live Limitless
- EVA Air Infinity MileageLands
Full route maps on each card page, best ₹/point routes on the optimizer →
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
- ₹50,000 + GST surfaces if the private-banking relationship lapses or you downgrade out — and from 1 Sep 2026 that lapse fee doubles to ₹1,00,000 + GST, with TRV checked the month before your card anniversary. Axis's own Key Fact Sheet already prints the ₹1,00,000, so treat the September date as firm
- Aug–Nov 2026 revision package: Priority Pass stops opening Indian domestic lounges from 28 Aug 2026 (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, Axis Burgundy Private nets ₹22,000 against ₹16,000 — a ₹6,000 gap. At ₹5L/month, Axis Burgundy Private nets ₹3,10,000 against ₹1,60,000 — a ₹1,50,000 gap. Lounge chasers: Axis Burgundy Private opens 731 of 789 tracked doors to HSBC Premier (Metal)'s 72.
Our standing verdicts: Axis Burgundy Private — Keep; HSBC Premier (Metal) — Keep. On our board, Axis Burgundy Private sits at #9 to HSBC Premier (Metal)'s #11 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →
Straight answers
Which is better, Axis Burgundy Private or HSBC Premier (Metal)?
Axis Burgundy Private. It sits at #9 on our board to HSBC Premier (Metal)'s #11. Axis Burgundy Private takes 7 of the 8 rounds we can score. HSBC Premier (Metal) wins under ₹1L/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 ₹1,66,000 against ₹88,000 — a ₹78,000 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 ₹50,000/yr. Axis Burgundy Private waives its fee at no spend level — there is no waiver; HSBC Premier (Metal) at no spend level — there is no waiver.
Which gets you into more airport lounges, Axis Burgundy Private or HSBC Premier (Metal)?
Lounge chasers: Axis Burgundy Private opens 731 of 789 tracked doors to HSBC Premier (Metal)'s 72. 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 2026-08-08, 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.