Presently, there are several credit cards on the market, each with unique benefits and characteristics. Anyone who wants to acquire a credit card may do so because they not only come specially designed for various categories but also carry a variety of fees and charges that range from basic to premium. Because premium credit cards are more expensive than standard credit cards, most people with high incomes carry them. As they provide better perks and services to their members than standard credit cards, the high annual and joining fees they levy are acceptable.
Best premium credit cards:
HSBC Premier MasterCard Credit Card:
The HSBC Premier MasterCard Credit Card is one of the most well-known credit cards that reached the list of the best premium credit cards. Even though it is a premium credit card, you might be surprised to hear that there is no joining fee since it is issued in accordance with the HSBC Premier relationship. This credit card works best for online shopping, but it also has tons of benefits in every other category and good sign-up bonuses.
Benefits:
Users of Premier Banking may earn introductory benefits through HSBC in the shape of Amazon gift cards totaling up to Rs. 7,500 for purchases made during the initial two months of receiving their card.
Users can use their accumulated reward points to purchase high-end products from partners including Jimmy Choo, MakeMyTrip, Bose, Apple, Tumi, and Croma.
HDFC Bank Infinia Credit Card Metal Edition:
Another luxury credit card is the HDFC Bank Infinia Credit Card Metal Edition, however, this one is available only by invitation. It is most appropriate for those with significant earnings because it has a joining and renewal charge of Rs. 12,500. For travel and shopping, this credit card is ideal.
Benefits:
The travel advantages of HDFC Infinia include a free Priority Pass membership due to its excellent travel features. Both inside and outside of India, customers receive unrestricted free entrance to lounges.
Welcome advantages consist of the Initial year of Club Marriott membership being free.
Axis Reserve Credit Card:
The Axis Reserve Credit Card comes at a high joining fee of Rs. 50,000 however it offers you extravagant rewards. Through the Axis Bank Reserve Credit Card, a life of opulent lifestyle is at your fingertips, complete with golf perks, extravagant getaways, yearly rewards, and hassle-free travel.
Benefits:
Priority Pass membership is complimentary and includes unrestricted access to foreign lounges.
Complimentary 50 games of golf each year at the top Indian golfing facilities.
SBI Elite Credit Card:
The SBI Elite Credit Card is an all-purpose premium credit card that provides benefits in a variety of categories, covering travel, retail, entertainment, and much more.
Benefits:
Get 6,000 rupees worth of complimentary cinema passes annually.
Obtain an e-Gift Card for Rs. 5,000 upon completing the annual charges.
HDFC Diners Club Black Card:
One of India's top super-premium credit cards is the HDFC Diners Club Black Credit Card. The card has advantages for retail, restaurants, rewards, travel, and golfing, among other things.
Benefits:
6 free rounds of golf quarterly.
Unlimited free access to lounges at both local and worldwide airports.
Bottom Line:
Premium credit cards are difficult to obtain; to be approved, a customer must both have a high income and a strong credit rating. If you meet these requirements, you should absolutely have a premium credit card. These cards provide a wide range of perks in every category, including rewards, cashback, travel, entertainment, dining, and many more.
Additional Reading: 5 Ways To Make The Most Of Your Credit Card