HSBC Premier vs Diners Club Black Metal Edition

Reviewed by Chandan Kumar Dash

Diners Club Black Metal Edition has the lower annual fee (₹10,000 against ₹20,000). HSBC Premier has no spend waiver; Diners Club Black Metal Edition waives its fee on ₹8,00,000 of spend a year. For spends abroad, HSBC Premier charges the lower forex markup (0.99% plus GST). After fees, HSBC Premier comes out ahead for the online shopper and frequent traveller, and Diners Club Black Metal Edition for the everyday spender. The Saifu app works it out on your own spends, on your phone.

Feature	HSBC PremierHSBC India1 win	Diners Club Black Metal EditionHDFC2 wins · ahead
Annual fee	₹20,000	Lower₹10,000
Joining fee	₹12,000	Lower₹10,000
Fee waiver	No spend waiver	Waived on ₹8,00,000 spend a year
Rewards	3 reward points per INR 100 spent; available to HSBC Premier customers	2X rewards on weekend dining; 6 complimentary golf games per quarter
Airport lounges	unlimited domestic, unlimited international	unlimited domestic, unlimited international
Forex markup	Lower0.99% plus GST	2% plus GST
Points	HSBC Reward Points, about ₹1 a point	Reward Points, about ₹0.3 a point
Published minimum income and age	See bank page	Salaried ₹30,00,000 a year, self-employed ₹30,00,000 a year, age 21 to 60
Network	Mastercard	Diners Club
Apply	Bank page	ApplyAffiliate link

Badges mark the lower fee, waiver spend or markup, and more lounge visits. Rewards are not scored here because they depend on where you spend. Affiliate link, costs you nothing extra, we may earn a commission, never changes how cards are ranked. Figures come from each bank's page and can change; check before you apply.

What each card earns in a year

Sample spender	HSBC Premier	Diners Club Black Metal Edition
Everyday spender₹30,000 a month	-₹10,280 a year₹9,720 rewards, less ₹20,000 fee	More-₹6,760 a year₹3,240 rewards, less ₹10,000 fee
Online shopper₹50,000 a month	More-₹2,000 a year₹18,000 rewards, less ₹20,000 fee	-₹4,000 a year₹6,000 rewards, less ₹10,000 fee
Frequent traveller₹1,00,000 a month	More₹14,200 a year₹34,200 rewards, less ₹20,000 fee	₹11,400 a year₹11,400 rewards, no fee to pay

The sample spends and how this is worked out

Everyday spender, ₹30,000 a month: DMart ₹6,000, BigBasket ₹2,000, Swiggy ₹2,000, Zomato ₹1,500, Amazon ₹3,000, Flipkart ₹1,500, Bills paid on Google Pay ₹2,500, Airtel ₹1,000, Indian Oil ₹3,000, Restaurant (in person) ₹2,500, Uber ₹1,000, Other spends in shops ₹4,000.
Online shopper, ₹50,000 a month: Amazon ₹10,000, Flipkart ₹8,000, Myntra ₹3,000, Swiggy ₹4,000, Zomato ₹3,000, Blinkit ₹4,000, BookMyShow ₹1,500, Uber ₹2,000, Bills paid on Google Pay ₹3,000, Jio ₹1,000, Netflix ₹500, Restaurant (in person) ₹3,000, Other spends in shops ₹7,000.
Frequent traveller, ₹1,00,000 a month: MakeMyTrip ₹10,000, Cleartrip ₹5,000, IRCTC ₹2,000, IndiGo ₹10,000, Marriott Bonvoy hotels ₹8,000, Spends abroad ₹15,000, Uber ₹4,000, Restaurant (in person) ₹8,000, Amazon ₹10,000, Swiggy ₹5,000, DMart ₹8,000, Bills paid on Google Pay ₹4,000, Indian Oil ₹5,000, Other spends in shops ₹6,000.

Worked out with the same reward rules and caps the Saifu app uses. Points are counted at the cash value in the table above. The annual fee counts as waived when the spend reaches the waiver. Joining fees, welcome gifts and milestone vouchers are not counted. Your own spends will give different figures.

Common questions

Which is better, HSBC Premier or Diners Club Black Metal Edition?

After fees, HSBC Premier comes out ahead for the online shopper and frequent traveller, and Diners Club Black Metal Edition for the everyday spender. It depends on where you spend: compare the figures for the sample spender closest to you, or add your own spends in the Saifu app.

Which has the lower annual fee?

Diners Club Black Metal Edition (₹10,000 against ₹20,000). Diners Club Black Metal Edition waives it on ₹8,00,000 of spend a year.

Add a third card HSBC Premier Diners Club Black Metal Edition

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