Super-premium credit cards feature a higher reward rate and premium benefits like access to the loyalty programs of premium hotel chains, unlimited lounge access, VIP services at airports, complimentary golf games, etc.
These cards cater to high-income individuals and come with stringent eligibility criteria requiring a high monthly income, an excellent Cibil score, a good relationship value with the issuer, etc.
Some of the cards in this category can also be invite-only, offered to limited customers. The annual fee on these cards is also comparatively high, ranging from Rs. 10,000 to Rs. 20,000 and sometimes going up to Rs. 60,000. However, the benefits these offer surpass the high fee by a wide margin.
We have curated a list of the best premium credit cards in India, along with their exclusive features and benefits.
Top Premium Credit Cards in India for November 2024
HDFC Infinia Credit Card Metal Edition Joining fee: ₹12500 Annual/Renewal Fee: ₹12500 Unlimited airport lounge access for primary and add-on members 10x reward points on travel and shopping spends on Smartbuy Product Details HDFC Diners Club Black Credit Card Joining fee: ₹10000 Annual/Renewal Fee: ₹10000 Unlimited airport lounge access for primary and add-on members High base rewards rate of 3.33% with 5 reward points per Rs. 150 spent Product Details Axis Bank Olympus Credit Card Joining fee: ₹20000 Annual/Renewal Fee: ₹20000 Unlimited domestic and international airport lounge access Up to 2 EDGE Miles per Rs. 100 spent (1 EDGE Mile = 4 Partner Points) Product Details ICICI Emeralde Private Metal Credit Card Joining fee: ₹12499 Annual/Renewal Fee: ₹12499 Taj Epicure & EazyDiner Prime memberships Unlimited airport lounge visits Product Details Axis Magnus Credit Card Joining fee: ₹12500 Annual/Renewal Fee: ₹12500 Unlimited international & domestic lounge visits with 4 additional guest visits Up to 60 EDGE reward points per Rs. 200 Product Details YES Bank Marquee Credit Card Joining fee: ₹9999 Annual/Renewal Fee: ₹4999 36 YES Rewardz Points per Rs. 200 spent online & 18 on offline spends Up to 24 domestic & unlimited international airport lounge visits per year Product Details
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Super-premium Credit Cards with Luxury Benefits
Axis Bank Reserve Credit Card
Joining fee: ₹50000
Annual/Renewal Fee: ₹50000
Unlimited domestic & international lounge visits via Priority Pass
Low forex mark-up fee of 1.5% with 2X reward points on international spends
Product Details
- Up to 30 EDGE reward points for every Rs. 200 spent
- B1G1 offer on BookMyShow tickets with up to 5 offer tickets per month
- ITC Culinaire, Accorplus, Club Marriott & EazyDiner Prime memberships & offers on Postcard & Oberoi hotels
- 50 free golf rounds every year across select golf courses in India
IDFC FIRST Private Credit Card
Joining fee: ₹50000
Annual/Renewal Fee: ₹50000
Unlimited international & domestic airport lounge access
Up to 10X rewards with multiple redemption options
Product Details
- Zero forex mark-up fee
- Curated Taj Epicure membership and 2 lakh reward points as joining bonus
- 24 complimentary golf rounds per year, 2 per month
- Up to Rs. 750 off on movies, non-movies & food combos via BookMyShow, twice a month
- 2 cover claims of up to Rs. 50,000 on hotel and flight booking cancellations
Axis Bank Burgundy Private Credit Card
Joining fee: ₹50000
Annual/Renewal Fee: ₹50000
Unlimited domestic & international airport lounge access
Complimentary EazyDiner Prime, Club Marriott, Accor Plus and Taj Epicure memberships
Product Details
- Free EazyDiner Prime Membership for savings up to 40% at fine dining restaurants
- 50 rounds of golf per year for free
- Free ticket for every movie/non-movie ticket bought through BookMyShow, applicable 5 times for movies and 5 times for non-movie events
- 8 free airport visits every year
- Complimentary Club Marriott, Accor Plus, and Taj Epicure memberships
American Express Platinum Card
Joining fee: ₹66000
Annual/Renewal Fee: ₹66000
Vouchers of up to Rs. 60,000 from Taj, Reliance or Postcard Hotels on spending Rs. 50,000 in first 2 months
Complimentary access to multiple lounge access programs
Product Details
- Benefits of Rs. 44,300 at the finest hotels/resorts worldwide, like the Four Seasons, Mandarin Oriental, The Ritz-Carlton, etc.
- Access to top-tier hotel loyalty programs, like Marriott Bonvoy™ Gold Elite, Hilton Honors Gold, Taj Reimagined Epicure, Radisson Rewards Gold, etc.
- Invitations to VIP-only events & access to pre-sale tickets & some of the best seats at Fashion Week, Grammy Award, Wimbledon, etc.
- Eazy Diner Prime membership with up to 50% off at premium restaurants in India
- Vouchers worth Rs. 35,000 from Taj Hotels, Reliance Brands Ltd., Postcard Hotels on annual spends of Rs. 20 Lakh
We have chosen the above-mentioned credit cards based on the overall value offered by the cards as aligned with the spending patterns of high-income earners.
When determining the value-back, we don’t just consider the rewards and cashback but also the overall return users derive via benefits like unlimited lounge access, free golf lessons, free spa sessions, discounts on dining, luxury airport services, exclusive concierge services, low forex markup fees, etc.
Thus, the overall value of a credit card is decided based on the benefits offered as compared to the annual fee. Most of the premium cards come with a higher annual fee, which can go up to Rs. 60,000, but some charge a comparatively more affordable charge than others.
Here, we have considered this factor and have selected cards as follows (with an annual fee of up to Rs. 20,000).
(To check cards with luxurious benefits, click here: Super Premium with an annual fee of Rs. 50,000 and more)
Video: Should you get a premium credit card?
Note: Details mentioned in the video have been sourced from the issuer’s website as of June 2024. For updated information, refer to this page.
Best Premium Credit Cards in India 2024
Here is a list of the best premium credit cards offering benefits across multiple categories:
1. HDFC Infinia Credit Card Metal Edition
Best Pick For: Rewards, Lounge Access, and Air Miles
Annual Fee: Rs. 12,500+ taxes (Waived off on spending Rs. 10 lakh or more)
This is an invite-only credit card.
HDFC Infinia credit card has ruled the charts for the best premium credit cards in India for a long time. It is an invite-only credit card offered only to selected customers, who are high-income individuals holding a good TRV (total relationship value) with HDFC Bank. Key benefits are listed below:
- Free Priority Pass Membership and unlimited access to its lounges in India & abroad
- Low foreign currency mark-up fee of 2% (GST extra)
- Unlimited free golf games at select golf courses in India and overseas
- Welcome benefit of 1 year Club Marriott Membership (Membership offers 20% discount on dining and stay)
- 5 reward points per Rs. 150 spent on retail, except fuel
- 10X rewards on travel and shopping via HDFC SmartBuy
- Good Food Trail Dining program at premium restaurants across top cities
- 1% fuel surcharge waiver at all fuel stations in India. Valid on transactions between Rs. 400 and Rs. 1 lakh
Suggested Read: Best Lounge Access Credit Card
| If offered, two strong reasons to opt for this card are an excellent reward rate and travel-focused features like unlimited lounge access, a low forex markup fee, and 1:1 redemption against airlines. If you are a high spender and also a frequent traveler, you can easily maximize the benefits of this card by earning the maximum rewards and redeeming them at an equivalent value for your travel bookings. Read more about: HDFC Infinia Credit Card Metal Edition |
2. HDFC Diners Club Black Credit Card
Best Pick For: Rewards and International Travel
Annual Fee: Rs. 10,000
HDFC Diners Club Black is a super-premium credit card best suited for high-income groups. While HDFC Infinia is one of the most sought-after credit cards, due to its invite-only application status, it is not a card for the masses.
With a similar reward structure and travel benefits, HDFC Diners Club Black comes as the closest alternative. It can be availed of by anyone who meets the eligibility criteria, albeit at a fee of Rs. 10,000. Some exclusive features of this card are listed as follows:
- Annual memberships of Club Marriott, Forbes, Amazon Prime, MMT BLACK, and i on spending Rs 1.5 lakh during the first month
- 5 reward points on spending Rs. 150
- Up to 10X reward points on partner brands
- 2X reward points on weekend dining
- 6 golf games per quarter across selected courses in the world
- Low foreign currency markup fee of 2%
- Unlimited lounge access to 1,000+ airport Lounges in India and across the world for primary and add-on card members
| The card justifies the high fee via a reward rate of 3.33%, unlimited lounge access, and other international travel benefits like a low forex markup fee of 2% and concierge services. Beyond travel and rewards, it extends benefits to other lifestyle categories as well, such as dining (via Swiggy Dine Out and accelerated rewards on weekends), golf, and movies (via the monthly milestone benefits). Thus, the card emerges as a suitable option for those looking for all-round benefits but don’t mind paying a very high annual fee. The issuer has now also brought in an upgraded variant of this card, the Diners Club Metal Variant. This card offers accelerated milestone benefits via 10,000 bonus reward points and comes with a higher annual fee waiver condition of Rs. 8 lakh. Read more about: HDFC Diners Club Black Credit Card |
3. Axis Bank Olympus Credit Card
Best Pick For: Travel and Lifestyle
Annual Fee: Rs. 20,000
As a transition card for Citi Prestige credit cardholders, Axis Bank Olympus Credit Card comes as a good choice for those looking for a premium card suitable for travel and other lifestyle-related benefits, like movies, entertainment and golf. Some of the key features offered by this card are as follows:
- 2,500 EDGE Miles, Taj/ITC Hotel vouchers worth Rs. 10,000 and Taj Epicure membership as annual bonus
- 1 EDGE Mile on every Rs. 100 spent domestically and 2x EDGE Miles on international spends
- 1 EDGE Mile = 4 Travel Partner Miles/Points
- 1.8% forex markup
- On booking minimum 3 nights at hotels via Hotels.com, get the 3rd night stay free
- 8 meet-and-greet services and 2 airport transfers at domestic airports with similar concierge services at international airports
- Unlimited access to domestic and international Priority Pass airport lounges with up to 20 complimentary guest visits every year
- B1G1 offer on BookMyShow with up to Rs. 650 off on the 2nd movie ticket and Rs. 1,000 off on the 2nd non-movie ticket, twice per month
- 8 golf rounds/lessons at domestic golf clubs with 1 free guest visit per round; 1 additional golf round on every Rs. 50,000 spent via the card
Suggested Read: Best Rewards Credit Cards in India 2024
| Though lacking in significant spending milestone benefits and with a high annual fee, this card still makes up with its other benefits. Even if its rewards earning rate may appear to be low, the high redemption value of the EDGE Miles more than compensate for it. If you consider the value of EDGE Miles in terms of Partner Miles, then final rewards value-back can go up to 8 Partner Points on every Rs. 100 spent, which is a good earning rate. With a low forex mark-up fee, hotel booking offers and complimentary airport services, this card ensures a comfortable travel experience for the users. The joining and renewal benefits further enhance its travel card image. Apart from the travel benefits, this card also offers premium lifestyle benefits with considerable savings on golf and entertainment category spends, making it a valuable option for high-spenders.Read more about: Axis Bank Olympus Credit Card |
4. ICICI Emeralde Private Metal Credit Card
Best Pick For: Rewards and Travel
Annual Fee: Rs. 12,499 (Reversed on spending Rs. 10 Lakh in a year)
Like most cards in this category, the ICICI Emeralde Private Credit Card appears as an all-round credit card, justifying the high fee. The card comes with unlimited lounge access, unlimited golf rounds, dining discounts, and movie benefits. Here are some of the features:
- Taj Epicure membership and 12,500 bonus rewards as card activation benefits
- 6 ICICI reward points per Rs. 200 spent, including spends on grocery, education, utilities, and insurance payments
- Vouchers worth Rs. 6,000 as milestone benefits
- Unlimited domestic and international lounge access every year
- Unlimited golf lessons or rounds every month
- Complimentary EazyDiner Membership every year
- Buy 1 ticket and get up to Rs. 750 off on the 2nd ticket on BookMyShow bookings twice a month
| This card comes with a reward rate of 3%, which is good but slightly lower than the other two prominent cards in the list, Infinia and DC Black, which offer a rate of 3.33%.
Besides, unlike the HDFC credit cards here, which offer varying redemption values across multiple options, this card offers 1:1 against anything you redeem your rewards for, even payment against the statement balance. Read more about: ICICI Emeralde Private Metal Credit Card |
5. Axis Bank Magnus Credit Card
Best Pick For: Travel & Rewards
Annual Fee: Rs. 10,000
Two frequent rounds of devaluation left a significant impact on the savings potential offered by Axis Magnus. But, if you look at what the card offers now, it is still a considerable choice. Some notable features that still make this card avail-worthy are:
- Luxe gift card/ The Postcard Hotels/ Yatra voucher worth Rs. 12,500 on making the first transaction within 30 days from card issuance
- 12 EDGE reward points per Rs. 200 spent on cumulative monthly spends of up to Rs. 1.5 Lakh
- 35 EDGE reward points per Rs. 200 spent above cumulative monthly spends of Rs. 1.5 Lakh
- 60 EDGE reward points per Rs. 200 spent on Travel EDGE portal up to cumulative monthly spends of Rs. 2 Lakh
- 35 EDGE reward points per Rs. 200 spent on Travel EDGE portal above monthly spends of Rs. 2 Lakh
- Unlimited complimentary international lounge visits with Priority Pass and 4 additional guest visits per year
- Unlimited visits to select domestic airport lounges for both primary and add-on cardholders (subject to spending Rs. 50,000 in the previous three months)
| The card is a suitable choice for high spenders, as users spending beyond Rs. 1.5 lakh in a month can earn 35 points per Rs. 200. However, unlike most premium cards, this one comes with a long list of exclusions covering some major categories like fuel and utilities. Also, for travel spends up to Rs. 2 lakh per month the card offers up to 60 reward points. Users spending up to this value can derive considerable savings, but others can maximize this benefit only on splitting their travel expenses between multiple months. The card comes with a decent reward redemption of 5:2 against travel partners that are divided into Group A and Group B. The groups come with varying redemption limits of 1 lakh and 4 lakh, respectively. Thus, users who prefer partners in Group B, such as ITC, SpiceJet, Vistara, Air India, etc., can best derive the benefits. For international travelers, the benefits are extended to a low forex markup fee and unlimited lounge access. Overall, this card emerges as a suitable option for high-income individuals who travel frequently. But those looking for benefits in other lifestyle categories might find better credit cards.Read more about:Axis Bank Magnus Credit Card |
6. YES Bank Marquee Credit Card
Best Pick for: Travel and Rewards
Annual Fee: Rs. 4,999, waived off on spending Rs. 10 lakh or above in a year
Yes Bank Marquee is the latest addition to this list of the best premium credit cards in India.
While the joining fee on the card stays high at Rs. 10,000, in comparison to most other cards here, it comes with a low annual fee of Rs. 5,000. Some key features of this card are as follows:
- 60,000 YES Rewardz Points on card activation
- 36 YES Rewardz Points per Rs. 200 spent on online shopping and 18 YES Rewardz Points per Rs. 200 on offline spends
- 10 YES Rewardz Points per Rs. 200 spent on select categories, such as wallet loading, recharge, rental, utility bill, insurance and other government payments
- 1 YES Rewardz Point = Up to Rs. 0.25 ; 4 YES Rewardz Points = 1 Club Vistara Point/InterMile
- Up to 24 complimentary domestic airport lounge visits in a year (6 per quarter) for primary and add-on card users
- Unlimited international lounge access visits for both primary as well as add-on cardholders
- 8 complimentary domestic or international lounge visits in a year for guests
- Low forex markup fee of 1%
- Up to 12 complimentary golf lessons in a year (subject to 1 per month) at select golf courses in India
- 20,000 bonus YES Rewardz Points on renewal fee payment
- B1G1 offer on BookMyShow, maximum 3 free tickets on purchasing 3 regular tickets in a month, up to Rs. 800 off per movie ticket
- Minimum 15% off on dining at select restaurants under the Dining Fiesta Program
| The benefits on this card are focused on rewards and travel. Users get a bonus of 60,000 rewards on card activation. Besides, often excluded categories like rent, insurance payments, and utility bills are included in the rewards program. The per-reward value of Rs. 0.25 offers a decent return via the redemption of bonus points, but in general the value is too low for a premium credit card. Additionally, the conversion of miles to reward points is limited to CV points and Intermiles. Though it lacks the choices offered by other premium cards like Magnus and Diners Club Black, users with no brand preferences or those who don’t mind sticking to these might not be impacted.The card comes with unlimited international lounge access and a good frequency of visits for domestic lounges, but what comes across as a major highlight is the 8 complimentary guest visits in the year. The forex markup fee on this card is even lower than other prominent cards like HDFC Infinia and Diners Club Black. Users also get benefits on golf, movies, and dining. Thus, it is a suitable option for people looking for an all-round premium credit card, but at a comparatively low fee.Read more about: YES Bank Marquee Credit Card |
Super-premium Credit Cards with Luxury Benefits
In addition to the above-listed cards, issuers also offer super-premium credit cards with annual fees as high as Rs. 60,000. Along with the high-end benefits like unlimited lounge access, complimentary memberships, low forex markup fee, accelerated rewards etc, the cards also offer luxurious benefits like premium memberships, preferential rates and substantial redemption options among other benefits. Below mentioned are some of these cards with their best features and benefits:
1. Axis Bank Reserve Credit Card
Best Pick For: Travel and Rewards
Annual Fee: Rs. 50,000
Axis Bank Reserve Credit Card underwent two rounds of devaluation but continues maintaining its status as one of the best super premium credit cards in India. The card offers notable features around travel via unlimited lounge access, premium hotel memberships, and concierge service. Thus fulfilling the premium travel needs of high-income groups. Some notable features are:
- Priority Pass membership with free unlimited international lounge visits for both primary and add-on cardholders
- Free unlimited domestic lounge visits for both primary and add-on cardholders
- 12 free guest visits across international and domestic lounges
- 8 free VIP assistance services
- Hotel benefits with multiple memberships like ITC Culinaire, Accorplus, Club Marriott Asia Pacific, Oberoi Hotels & Resorts, Postcard Hotel
- 15,000 Edge rewards on card activation
- 15 Edge reward Points per Rs. 200 spent
- 30 Edge reward Points (2x) per Rs. 200 spent internationally
- Low forex markup fee of 1.5%
- 50 free golf rounds every year across select golf courses in India
- Up to 25% off across premium restaurants via EazyDiner Prime Membership
- B1G1 offer on the movie (up to Rs. 500 off on second ticket) and non-movie ticket (up to Rs. 1,000 off on second ticket), five times in a month each
- Health and wellness benefits via Weljii, referral-based services for second medical opinion
| For a premium travel credit card, the card offers a low point-to-mile conversion ratio of 5:2, with the grouping of partners in Group A and B limiting the brand choices of users. Besides, since Group B comes with a higher redemption limit of 4 lakh rewards in a year, associated brand loyalists such as Air Asia, ITC, Air India, Spice Jet, Vistara, etc. can derive more benefits. Having said that, the low redemption value is compensated well via other travel benefits like a low forex markup fee, unlimited lounge access, and premium hotel memberships with five luxury hotel chains. Users can also earn a good reward return of 15 points per Rs. 200. The benefit is further extended towards travel via 2x rewards on international spends. Read more about: Axis Bank Reserve Credit Card |
2. IDFC FIRST Private Credit Card
Best Pick For: Rewards and Travel
Annual Fee: Rs. 50,000
This is an invite-only credit card.
IDFC First Private Credit Card is an invite-only super premium credit card that offers benefits around rewards, travel, movies, and golf. Thus, it offers all-around benefits targeting the needs of high-income groups who like to put most of their expenses on their credit card. Some key features of the card are as follows:
- 2,00,000 bonus rewards points worth Rs. 50,000 and Curated Taj Epicure Membership on card activation
- 10X reward points on incremental spends above Rs. 30,000 per month and spends done on birthday
- 6X and 3X reward points on online and in-store spending, respectively, up to Rs. 30,000 per month
- 1X reward point on insurance premium payments
- 1X = 1 reward point for every Rs. 100 spent
- Instant discount of up to Rs. 750 per month for movies, plays, and event ticket bookings at BookMyShow, twice in a month
- 24 complimentary golf rounds per year (2 each month)
- Unlimited domestic and international airport lounge and spa access in India
- 4 complimentary railway lounge visits in a quarter
- 0% forex markup fee
| This card is an invite-only card, so users cannot willingly apply for it. If offered, you must first consider your ability to pay the fee and whether you will be able to maximize the benefits. The card excludes some everyday categories, like fuel and utilities, from its reward program. But due to the incremental reward structure on spends above Rs. 30,000 and no capping or expiry on the rewards earned and redeemed, it can be a great choice for high-spenders. Here, you earn more when you spend more. Besides rewards, the benefits on this card are also extended towards travel via a zero forex markup fee, unlimited lounge access, and complimentary memberships. The only drawback here is that it does not offer air miles conversion of reward points. But it offers a unique redemption option against charitable donations that can even get users a tax certificate.Read more about: IDFC FIRST Private Credit Card |
3. Axis Burgundy Private Credit Card
Best Pick For: Rewards & Lifestyle
Annual Fee: Rs. 50,000 (Nil for Burgundy Private customers)
Axis Burgundy Private Credit Card is made for high-net-worth individuals. The card is offered free of charge to customers who have a burgundy private relationship with the bank. It takes all-round benefits beyond travel, rewards and movies to other lifestyle categories like dining, health, and hospitality as well. Besides, the card comes with preferentially low charges in comparison to other cards. Some key features of this card are as follows:
- 0% forex mark-up fee
- 15 EDGE REWARD points per Rs. 200 spent on the card
- Complimentary EazyDiner Prime Membership for savings of up to 25% at fine-dining restaurants
- Free 50 rounds of golf every calendar year
- Free tickets for 5 movies and 5 non-movie tickets per month booked through BookMyShow
- Unlimited lounge access at domestic as well as international lounges
- 12 free guest visits every calendar year
- Free hotel and dining memberships, including Club Marriott, Accor Plus, and Taj Epicure
- Up to 15% off on International & Domestic Oberoi and Trident Hotels
- Up to 20% off and other privileges at Postcard hotels
- Concessions on health and wellness coaching at Weljii; diagnoses at leading medical institutions, etc
| Justifying the all-round benefits around rewards, travel, health, dining, movies, etc., the card charges a high fee of Rs. 50,000. But it is even offered at zero fee to the Burgundy Private members, i.e., those with a total relationship value (TRV) of Rs. 5 crore with Axis Bank. Thus, the card is designed around high-net-worth individuals. It offers some exceptionally good international and domestic travel benefits, like zero forex markup fee and unlimited lounge access. The free guest visits extended for the lounge access is also better than most other premium cards. Besides, it offers the flexibility to increase the credit limit during foreign travel. The benefits are also extended to not just one or two but multiple hotel chains like Club Marriott, Accor Plus, Taj Epicure, and the Postcard Hotels. Additionally, the card also keeps in mind the high-end lifestyle preferences of the targeted users, to offer good benefits on golf and movies.Read more about: Axis Burgundy Private Credit Card |
4. American Express Platinum Card
Best Pick For: Travel and Shopping
Annual Fee: Rs. 60,000
American Express Platinum Card is a super-premium charge card that offers benefits across multiple categories, such as travel, rewards, dining, lifestyle, and more.
This super premium card allows cardholders access to VIP events with exclusive invitations. Some of the key features and benefits are mentioned below:
- Complimentary benefits at some of the finest hotels and resorts worldwide, including the Four Seasons Hotels and Resorts, Mandarin Oriental, The Ritz-Carlton, and more
- Access to top-tier hotel loyalty programs, including Marriott Bonvoy™ Gold Elite Status, Hilton Honors Gold Status, Taj Reimagined Epicure, Radisson Rewards Gold Status, and Hertz Gold Plus Rewards
- 1 Membership Rewards Point for every Rs. 40 spent
- 3X Membership Rewards Points on all international spends
- 5X Membership Rewards Points on every purchase through Reward Multiplier
- Free access to over 1,300+ lounges globally every calendar year with the American Express Global Lounge Collection including American Express Lounges, Priority Pass Lounges, Escape Lounges, The Centurion Lounge, Delta Sky Club Lounge (when flying Delta) and Domestic Partner Lounges
- Exclusive invitations to VIP-only events
- Access to pre-sale tickets and some of the best seats for Fashion Week, Grammy Awards, Wimbledon, etc
- Complimentary membership to EazyDiner Prime to avail up to 50% off at 1,800 premium restaurants in India
Also Read: Best Credit Cards for Online Shopping in 2024
| The highest annual fee card in this list, the American Express Platinum card, justifies the fee of Rs. 60,000 via the range of premium benefits it brings to users. Unlike most credit cards that offer lounge access benefits with either Priority Pass or DreamFolks memberships, this card extends the benefits to six partners from its Global Lounge Collection, as listed above. Similarly, the hotel benefits on the card are also extended to multiple luxurious hotel chains and memberships. The card further takes the privileges for travelers a notch higher via the accelerated rewards on international travel. Overall, this card is a good choice for individuals in the high-income group seeking premium hotel and travel benefits on their credit card.Read more about: American Express Platinum Card |
FAQs Related To Premium Credit Cards
1. What are premium credit cards?
Premium credit cards are offered to high-net-worth individuals, which means people who have a high annual income. These cards offer premium benefits like unlimited lounge access, a low forex markup fee, complimentary premium hotel memberships, free airport services, and much more.
However, these cards come with a high annual fee, which can go up to Rs. 50,000 – Rs. 60,000, offering benefits that are unlikely to be enjoyed with a regular credit card.
2. Which is the most expensive credit card in India?
A number of premium credit cards charge very high annual fee. However, the value of benefits offered by these cards easily surpass the fee charged.
Some of the most expensive credit cards in India are IndusInd Crest with a joining fee of Rs. 1 Lakh, American Express Platinum Credit Card with an annual fee of Rs. 60,000 and Axis Bank Reserve Credit Card charging Rs. 50,000 as annual fee.
3. Should I get a premium credit card?
The decision as to whether or not you should get a premium credit card depends on your eligibility and your spending preferences.
Since premium cards usually come with more strict eligibility norms, especially in terms of annual income of the applicant, it is important to check whether you qualify for the card.
Secondly, you must consider the value that such premium cards would offer you to decide whether you should apply for it.
4. How do I apply for top premium credit cards in India?
Usually, individuals with a high annual income can apply for premium credit cards by visiting the official website of the respective card issuer.
Besides this, some of the premium cards, like HDFC Infinia, are invite-only, which means they are offered only to select customers of the bank. Hence, you need to maintain a relationship with the bank to avail a super premium card, in some cases.
5. Are premium credit cards worth it?
Premium credit cards come with features like VIP meet and greet service at airports, unlimited lounge access, discount at luxury hotels, etc., that are generally not available with regular cards.
However, such features would be valuable only for those who can make the most of it. For example, a premium card that offers complimentary membership to a luxury hotel along with discount on your stay will not hold any value for someone who does not travel frequently.
Suggested Read: Best Lounge Access Credit Card
6. How much credit limit do premium credit cards offer?
The credit limit for any credit card is decided on the basis of the applicant’s income, highest limit on the existing cards, overall debt, and several other internal policies of the issuer.
There are chances that premium credit cards would offer a higher limit than regular cards.
Suggested Read: Credit Card Offers in India 2024
7. What is the minimum eligibility criteria to apply for premium credit cards?
Premium credit cards are usually offered to people with a good credit score (preferably above 750) and a high annual income. Besides this, some card issuers offer cards to select customers, under which you need to maintain a relationship with the bank to avail a premium credit card.
These cards usually come with high eligibility criteria, including good credit score, good credit history, good repayment history, etc.
8. Which Axis Bank premium credit card should I apply for?
Axis Bank offers premium credit cards such as Axis Magnus and Axis Vistara Infinite. You can also apply for super-premium luxury cards such as Axis Reserve and Axis Burgundy Private Credit Card. You should check your eligibility for each card along with the various benefits offered by these cards before making a choice.
1 Comment Comments
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