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Best 7 Premium Credit Cards in India for 2024

Premium credit cards in India in recent times have evolved beyond being just a payment tool. They offer exclusive privileges, unparalleled rewards, and concierge services to cater to the affluent lifestyle of their cardholders. Here in this article, we have listed the best premium credit cards in India that provide excellent value for money.

What is a Premium Credit Card?

A premium credit card, often referred to as a “high-end” or “elite” credit card, is a type of credit card that comes with exclusive features, benefits, and services beyond what is typically offered by standard credit cards. These premium cards are designed for individuals with excellent credit histories and high-income levels, providing them with access to a range of privileges.

What are the Key Features of a Premium Credit Card?

Here are some common features associated with premium credit cards:

⇒ Higher Credit Limits

Premium credit cards often come with significantly higher credit limits compared to standard cards, allowing cardholders to make larger purchases.

⇒ Exclusive Rewards Programs

Premium cards typically offer more lucrative rewards programs. Cardholders can earn points or cash back at an accelerated rate, and these rewards may include travel perks, access to events, or luxury experiences.

⇒ Airport Lounge Access

Many premium credit cards provide complimentary access to airport lounges worldwide. This is a valuable perk for frequent travellers, offering a comfortable and exclusive space to wait for flights.

⇒ Travel Insurance and Protections

Premium cards often include comprehensive travel insurance coverage, including trip cancellation insurance, rental car insurance, and travel accident insurance.

⇒ Concierge Services

Cardholders may have access to dedicated concierge services that can assist with travel arrangements, restaurant reservations, event tickets, and other personalized requests.

⇒ Elite Status with Hotels and Airlines

Some premium credit cards come with automatic elite status or special privileges with hotel chains and airlines. This can include room upgrades, priority boarding, and other VIP treatment.

⇒ Annual Fee

Premium credit cards typically have higher annual fees compared to standard cards. However, the added benefits often outweigh the cost for individuals who can take advantage of the perks offered.

⇒ Special Access to Events

Premium cardholders may receive invitations or exclusive access to special events, concerts, and other experiences that are not available to the general public.

⇒ Luxury Merchandise and Services

Some premium credit cards offer access to exclusive luxury brands, shopping experiences, or discounted rates on high-end products and services.

It is important to note that while premium credit cards come with numerous benefits, they also require responsible usage. These cards often have stringent eligibility criteria, including high credit scores and income levels. Individuals considering a premium credit card should carefully review the terms, fees, and benefits to ensure that the card aligns with their lifestyle and financial goals.

7 Premium Credit Cards in India

1. The HDFC Infinia Credit Card

The HDFC Infinia Credit Card is the pinnacle of premium credit cards offered by HDFC Bank. Designed for high-net-worth individuals, it provides an array of exclusive privileges and benefits. This invitation-only card is known for its unmatched rewards, travel perks, and concierge services. Here are the key features and benefits of the HDFC Infinia Credit Card:

Key Features:

  • Rewards Program: The Infinia card offers one of the most generous rewards programs. Cardholders earn reward points for every transaction, and these points can be redeemed for flights, hotel stays, merchandise, and more.
  • Welcome Benefits: New cardholders are often welcomed with attractive bonuses, which may include reward points, travel vouchers, or other exclusive perks.
  • Airport Lounge Access: Enjoy complimentary access to domestic and international airport lounges, making your travel experience more comfortable and luxurious.
  • Dining Privileges: Access exclusive dining offers and discounts at premium restaurants across India.
  • Travel Benefits: The card includes a range of travel-related perks such as travel insurance, discounts on flight bookings, and hotel stays. Some versions even offer complimentary golf games at select courses.
  • Concierge Service: Cardholders can access a dedicated concierge service that can assist with travel bookings, reservations, and other lifestyle services.

Eligibility:

The HDFC Infinia Credit Card is typically available to individuals with a high income level and a strong credit profile.

Annual Fee:

Being a premium card, the HDFC Infinia Credit Card usually comes with a substantial annual fee. Presently it is Rs. 12,500 + 18% GST. However, it’s essential to note that the card’s benefits and rewards often offset this fee.

Verdict:

The HDFC Infinia Credit Card is designed for individuals who demand the best in terms of luxury, travel, and lifestyle benefits. With a wide range of privileges and a superior rewards program, it is well-suited for frequent travellers and those who appreciate premium services.

Apply Here for HDFC Bank Credit Card

2. SBI Elite Credit Card

The SBI Elite Credit Card is a premium credit card offering an array of benefits and privileges across various categories, including travel, dining, shopping, and entertainment. It’s designed to cater to the lifestyle and spending preferences of individuals who seek luxury and exclusivity. Here are the key features and benefits of the SBI Elite Credit Card:

Key Features:

  • Welcome Benefit: New cardholders are often greeted with a welcome gift or bonus reward points upon card activation.
  • Reward Points: Earn reward points on every transaction made with the card. These points can be redeemed for a variety of options, including travel bookings, merchandise, and gift vouchers.
  • Travel Benefits: Enjoy complimentary membership to airport lounges across India. Additionally, cardholders can avail of exclusive discounts on flight and hotel bookings through partnered travel agencies.
  • Dining Privileges: Get access to exclusive dining offers and discounts at select restaurants.
  • Movie Benefits: Receive free movie tickets or discounts when booking tickets through specific platforms.
  • Insurance Coverage: The card often includes insurance coverage for various aspects, such as travel insurance, air accidental coverage, and more.
  • Milestone Rewards: Cardholders can earn additional rewards or vouchers upon reaching specific spending milestones during the year.

Eligibility:

The SBI Elite Credit Card is typically available to individuals with a good credit score and income level. Specific eligibility criteria may vary, so it’s advisable to check with SBI for the most current requirements.

Annual Fee:

The card comes with an annual fee, which may be waived if the cardholder meets certain spending criteria.

Verdict:

The SBI Elite Credit Card is an excellent choice for those who enjoy a mix of travel, dining, and entertainment perks. Its rewards program and exclusive privileges make it a valuable addition for individuals who frequently dine out, travel, or indulge in entertainment activities.

Apply Here for SBI Bank Credit Card

3. IndusInd Bank Legend Credit Card

The IndusInd Bank Legend Credit Card is a prestigious credit card designed to cater to the needs and preferences of high-net-worth individuals and those who seek a luxury lifestyle. It offers an array of benefits and privileges across various categories, including travel, dining, golf, and concierge services. Here are the key features and benefits of the IndusInd Bank Legend Credit Card:

Key Features:

  • Welcome Benefit: Cardholders are often welcomed with a generous welcome gift, which may include reward points or vouchers.
  • Reward Points: Earn reward points on every transaction made with the card. These points can be redeemed for various options, including travel bookings, merchandise, and lifestyle vouchers.
  • Golf Privileges: Enjoy complimentary golf rounds and lessons at premium golf courses across India and abroad.
  • Lounge Access: Get access to domestic and international airport lounges, making your travel experience more comfortable and convenient.
  • Travel Benefits: Avail exclusive discounts and offers on flight and hotel bookings through partnered travel agencies. Some cards also offer complimentary travel insurance.
  • Dining Privileges: Access exclusive dining offers and discounts at select restaurants.
  • Concierge Services: Benefit from 24/7 concierge services for assistance with travel bookings, reservations, and more.
  • Insurance Coverage: The card often includes insurance coverage for various aspects, such as travel insurance, air accidental coverage, and medical insurance.

Eligibility:

The IndusInd Bank Legend Credit Card is typically offered to individuals with excellent credit scores and a high-income level. Specific eligibility criteria may vary, so it is advisable to check with IndusInd Bank for the most current requirements.

Annual Fee:

The card does not come with any annual fees.

Verdict:

The IndusInd Bank Legend Credit Card is an ideal choice for individuals who desire a blend of luxury, travel, and lifestyle privileges. Its comprehensive rewards program and exclusive perks make it suitable for frequent travellers, golf enthusiasts, and those who appreciate top-tier dining experiences.

Apply Here for IndusInd Bank Legend Credit Card

4. Axis Bank Magnus Credit Card

The Axis Bank Magnus Credit Card is a premium credit card designed to offer an exclusive and luxurious experience to its cardholders. This credit card comes with a range of benefits and rewards, making it an attractive choice for individuals who enjoy a lavish lifestyle and seek various privileges. Here are some key features and benefits of the Axis Bank Magnus Credit Card:

Key Features:

  • Welcome Benefits: Cardholders are greeted with attractive welcome benefits, which include bonus reward points, travel vouchers, or discounts at select partners.
  • Rewards Program: The card offers a robust rewards program where you earn reward points for every transaction. These points can be redeemed for a variety of options, including travel bookings, merchandise, and more.
  • Lounge Access: Enjoy complimentary access to domestic and international airport lounges. This feature is particularly beneficial for frequent travellers.
  • Dining Privileges: Access exclusive dining offers and discounts at partner restaurants, both domestically and internationally.
  • Travel Benefits: The card often includes travel-related perks like travel insurance, discounts on flight bookings, and hotel stays.
  • Complimentary Memberships: Some Magnus credit cards provide complimentary memberships to premium clubs, golf courses, or fitness centers.
  • Concierge Service: Cardholders can access a dedicated concierge service to assist with various tasks, from booking reservations to arranging travel itineraries.

Eligibility:

The eligibility criteria for the Axis Bank Magnus Credit Card may include a minimum income requirement, a good credit score, and other financial factors. The specific criteria may vary, so it’s essential to check with Axis Bank for the most up-to-date information.

Annual Fee:

Premium credit cards like the Magnus card often come with an annual fee. The annual fee and its structure can differ from one card variant to another. Some cards may offer fee waivers based on spending thresholds.

Verdict:

The Axis Bank Magnus Credit Card is designed for individuals who value luxury and exclusivity. It offers a range of benefits that cater to travellers, diners, and those who appreciate premium services. However, as with any credit card, it’s essential to assess whether the card’s benefits align with your spending habits and lifestyle before applying.

Apply Here for Axis Bank Magnus Credit Card

5. ICICI Bank Emeralde Credit Card

The ICICI Bank Emeralde Credit Card is an exclusive credit card offering tailored benefits and privileges for the discerning customer. It’s designed to provide a luxurious lifestyle with an array of features and rewards. Here’s a closer look at the key features and benefits of the ICICI Bank Emeralde Credit Card:

Key Features:

  • Welcome Benefit: Cardholders can enjoy a welcome gift, which typically includes reward points or vouchers, upon card activation.
  • Reward Points: Earn reward points on every transaction, both domestically and internationally. These points can be redeemed for a variety of options, including travel bookings, merchandise, and lifestyle vouchers.
  • Airport Lounge Access: Access to domestic and international airport lounges ensures a comfortable and convenient travel experience.
  • Dining Privileges: Avail exclusive dining offers and discounts at select restaurants, both locally and globally.
  • Travel Benefits: Enjoy exclusive discounts and offers on flight and hotel bookings through partnered travel agencies. Some cards also offer complimentary travel insurance.
  • Concierge Services: Benefit from 24/7 concierge services for assistance with travel bookings, reservations, and more.
  • Insurance Coverage: The card often includes insurance coverage for various aspects, such as travel insurance, air accidental coverage, and medical insurance.

Eligibility:

The ICICI Bank Emeralde Credit Card is typically offered to individuals with a good to excellent credit score and a substantial income level. Individuals drawing a salary of  ₹ 3,00,000 or above net monthly salary income or annual income tax returns filed of ₹ 30,00,000 or above are eligible to apply for this card. In addition, All existing ICICI Bank Global Private Client customers are eligible to apply for the ICICI Bank Emeralde Credit Card.

Annual Fee:

The card comes with an annual fee of Rs. 12000. However, the fee can be waived on spending Rs.15 lakh in the previous year.

Verdict:

The ICICI Bank Emeralde Credit Card is an excellent choice for individuals who seek a credit card that complements their luxurious lifestyle. Its comprehensive rewards program and exclusive perks make it suitable for frequent travellers, food connoisseurs, and those who appreciate top-tier dining experiences.

Apply Here for ICICI Bank Emeralde Credit Card

6. HDFC Diners Club Black Credit Card

The HDFC Diners Club Black Credit Card is a premium offering designed for those who seek luxury, convenience, and rewards in their credit card experience. Here’s an overview of the key features and benefits of the HDFC Diners Club Black Credit Card:

Key Features:

  • Welcome Benefit: Cardholders are often welcomed with an attractive welcome gift, which may include a substantial number of reward points.
  • Reward Points: This card offers accelerated reward points on various spending categories such as dining, travel, and retail shopping. These points can be redeemed for flights, hotel bookings, merchandise, or cashback.
  • Airport Lounge Access: Enjoy complimentary access to domestic and international airport lounges across the globe. This feature ensures a comfortable pre-flight experience.
  • Dining Privileges: Avail exclusive discounts and offers at select restaurants, both in India and abroad. This can be a treat for food enthusiasts.
  • Travel Benefits: Cardholders often benefit from discounts and offers on flight and hotel bookings through partnered travel agencies. Some cards provide complimentary travel insurance as well.
  • Golf Privileges: Access to golf clubs and courses across India with complimentary golf games or lessons, a perk for golf enthusiasts.
  • Concierge Services: Round-the-clock concierge services are available to assist with travel bookings, reservations, and other lifestyle-related requests.
  • Insurance Coverage: Premium cards typically offer comprehensive insurance coverage, including travel insurance, air accidental coverage, and medical insurance.

7. Eligibility:

The HDFC Diners Club Black Credit Card is typically extended to individuals with an excellent credit score and a substantial income level. Specific eligibility criteria may vary, so it’s advisable to check with HDFC for the most current requirements.

Annual Fee:

Premium credit cards often come with a higher annual fee of Rs. 10000. However, this fee can sometimes be waived or reduced if the cardholder meets specific spending criteria.

Verdict:

The HDFC Diners Club Black Credit Card is an excellent choice for individuals who value luxury, travel, and dining experiences. Its robust rewards program, airport lounge access, and dining privileges make it particularly appealing to frequent travellers and food enthusiasts.

Apply Here for HDFC Bank Credit Card

7. Standard Chartered Ultimate Credit Card

The Standard Chartered Ultimate Credit Card is a premium credit card designed to cater to the lifestyle and travel needs of high-net-worth individuals. It offers a range of exclusive benefits and rewards. Here is an overview of the key features and advantages of the Standard Chartered Ultimate Credit Card:

Key Features:

  • Welcome Benefit: Cardholders are typically greeted with a welcome gift upon card activation. This may include reward points or vouchers for shopping, dining, or travel.
  • Rewards Program: Earn reward points on every transaction made with the card. These points can be redeemed for a variety of options, including flights, hotel bookings, merchandise, and cashback.
  • Airport Lounge Access: Enjoy complimentary access to domestic and international airport lounges. This feature enhances the travel experience by providing a serene and comfortable environment before flights.
  • Dining Privileges: Access exclusive dining offers and discounts at select restaurants, both in India and internationally. This can be particularly appealing to food enthusiasts.
  • Travel Benefits: Cardholders often receive exclusive discounts and offers on flight and hotel bookings through partnered travel agencies. Some cards also provide complimentary travel insurance.
  • Concierge Services: Benefit from 24/7 concierge services that can assist with travel bookings, reservations, and other lifestyle-related needs.
  • Insurance Coverage: Many premium cards offer insurance coverage, including travel insurance, air accidental coverage, and medical insurance.

Eligibility:

The Standard Chartered Ultimate Credit Card is typically offered to individuals with an excellent credit score and a substantial income level. Eligibility criteria may vary, so it’s advisable to check with Standard Chartered for the most current requirements.

Annual Fee:

Premium credit cards like the Standard Chartered Ultimate Credit Card often come with a higher annual fee. However, this fee may be waived or reduced if the cardholder meets specific spending criteria.

Verdict:

The Standard Chartered Ultimate Credit Card is an attractive option for individuals seeking a premium credit card that complements their upscale lifestyle. Its extensive rewards program, airport lounge access, and dining privileges make it appealing to frequent travellers and food connoisseurs.

More on Credit Cards:

Final Words: Keep in mind that credit card offerings can change, including eligibility criteria and benefits. To get the most up-to-date information on the above-mentioned credit cards and to assess whether they align with your lifestyle and preferences, it is recommended to visit the official bank website or contact the bank directly.

Advantages of Premium Business Credit Cards?

Enhanced Rewards and Cashback

Premium business credit cards often provide higher reward rates and cashback offers for business-related expenses. This means you can earn more rewards or get cashback on your everyday business purchases, which can help offset costs or fund future business expenses.

a) Travel Benefits

Premium business cards usually offer extensive travel-related benefits, such as airport lounge access, travel insurance, concierge services, and discounts on flights and hotels. These perks can be incredibly valuable for frequent business travellers.

b) Expense Management

Many premium business credit cards offer robust expense management tools, making it easier to track and categorize business spending. This can streamline accounting and help you stay organized come tax time.

c)Higher Credit Limits

Premium cards often come with higher credit limits compared to standard business credit cards. This can be advantageous for businesses with substantial expenses or those looking to make larger purchases.

d) Dining and Entertainment Perks

Some premium business cards provide exclusive dining and entertainment benefits, including discounts at restaurants, access to exclusive events, and even complimentary tickets to concerts or shows.

e) Dedicated Customer Service

Premium cards typically offer enhanced customer service, including dedicated support lines for cardholders. This can be particularly useful when dealing with complex business-related issues or travel assistance.

f) Purchase Protections

Premium business credit cards may offer extended warranties, purchase protection, and coverage for damaged or stolen items purchased with the card. This can provide added peace of mind for business purchases.

g) Expense Reporting

Premium business credit cards often come with advanced expense reporting tools and statements that can simplify the process of tracking and managing business spending.

h) Business Perks

Some premium business cards offer access to business-related resources and services, such as networking events, industry-specific discounts, or business consulting.

i) Status and Prestige

Holding a premium business credit card can convey a sense of prestige and professionalism, which can be beneficial for client meetings, networking, or building business relationships.

Frequently Asked Questions

What is a premium business credit card?

A premium business credit card is a credit card designed for business owners with higher spending needs. It offers enhanced benefits, rewards, and perks compared to standard business credit cards.

What are the typical benefits of a premium business credit card?

Premium business credit cards often provide benefits such as higher rewards, travel perks (like airport lounge access and travel insurance), enhanced customer service, dining and entertainment privileges, and advanced expense management tools.

Are premium business credit cards worth the higher annual fees?

The value of a premium business credit card depends on your business spending habits and needs. If you frequently travel for business, spend significantly on business expenses, and can take advantage of the offered benefits, the higher annual fee may be justified.

Do premium business credit cards have foreign transaction fees?

Some premium business credit cards waive foreign transaction fees, making them an excellent choice for international business travellers. However, it’s essential to check the specific terms of each card.

Can I get a premium business credit card if my business is small or new?

Some premium business credit cards may have stricter eligibility requirements, such as a higher minimum annual revenue. However, eligibility criteria vary among issuers, so it’s possible to find premium cards suitable for smaller or newer businesses.

How can I maximize the rewards from my premium business credit card?

To maximize rewards, use your card for eligible business expenses. Take advantage of bonus categories and any promotional offers. Pay your balance in full each month to avoid interest charges.

Are there any limitations or exclusions to the travel benefits offered by these cards?

Yes, travel benefits may have limitations, exclusions, or specific conditions. For example, lounge access may be restricted to certain airports or have a guest limit. Review the card’s terms and conditions for details.

Do premium business credit cards come with purchase protection?

Many premium business cards offer purchase protection, which may cover damaged or stolen items purchased with the card. Check the card’s benefits guide for specifics.

Can I add additional cardholders to my premium business credit card account?

Yes, most premium business credit cards allow you to add authorized users to your account. Additional cardholders can share some of the card benefits and help consolidate business expenses.

How do I apply for a premium business credit card?

To apply for a premium business credit card, visit the issuer’s website or contact them directly. You’ll typically need to provide information about your business, financial details, and personal information for a credit check.

About Next What Business Research Team

The Editorial Staffs at NextWhatBusiness is a team of Business Consultants with years of experience in small and medium-scale manufacturing and service-based businesses.