Premium Credit Cards in India

Created on 26 Aug 2023

Wraps up in 6 Min

Read by 7.6k people

Updated on 17 Jul 2024

Who doesn't love premium things? Be it the desire to own a Rolex from the watch industry, the dream of staying in 5-star hotels, or the aspiration to dine in high-end restaurants, the luxury segment has always had a charm of its own.

This preference for luxury is matched in the banking sector by premium credit cards. These cards are more than just tools for making purchases; they're also a status symbol, a gateway to special advantages, and a method to enjoy unmatched ease and convenience.

Premium credit cards are widely available in India, providing a multitude of choices for individuals who aspire to enjoy the finer things in life. With features like free access to airport lounges and special dining privileges, these cards are powerful and appropriately cater to the affluent lifestyle of a select few. Let's root about into the world of these elite financial instruments to learn about the best premium credit cards in India, and what makes them stand out in the luxury market.

Best Premium Credit Cards in India

1. HDFC Bank Diners Club Black Credit Card
2. Axis Bank Magnus Credit Card
3. HDFC Bank Infinia Metal Edition Credit Card
4. American Express Platinum Credit Card

Know them in detail ⤵️

1. HDFC Bank Diners Club Black Credit Card

The HDFC Diners Club Black Credit Card is a super-premium card that offers benefits across multiple categories such as travel, rewards, dining, golf, and more. Some of the key features of this card are:

Features

Welcome Bonus

Receive a complimentary yearly subscription to Forbes, Club Marriott, Times Prime, MMT Black, Amazon Prime, and Swiggy One (3 Months) on spending ₹1,50,000 or more during the first 90 days of card issuance.

Lounge Benefits

Get unlimited airport lounge access to 1000+ lounges in India and worldwide for primary and add-on card members. 

Dining Benefits

  • Earn 2X reward points on weekend dining.
  • Get up to 25 % discount on all your restaurant bill payments via Swiggy Dineout.
  • Get a complimentary 3-month Swiggy One and Club Marriott membership for a whole year.
    These memberships are renewed if the cardholder makes purchases totalling more than ₹8 lakh during the card's anniversary year.

Insurance Benefits

  • Air accident insurance: ₹2 crore
  • Emergency overseas hospitalisation: ₹50 lakh
  • Travel Insurance: ₹55,000                                                      
  • Credit Liability Cover: ₹9 lakh

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver at all fuel stations across India on a minimum transaction of ₹400.
( Max benefit is capped at ₹1000 per statement cycle.)

Reward Benefits

  • Earn 5 reward points for every ₹150 spent on retail.
  • Earn up to 10x reward points on spending via SmartBuy.

Fees and Charges

Joining Fees

₹10,000

Annual Fees

₹10,000

Annual Percentage Rate

23.8%

Foreign Transaction Fees

1.99%

Eligibility

Applicant's age should be between 21 and 70 years.

2. Axis Bank Magnus Credit Card

The Axis Bank Magnus Credit Card is another super-premium card that offers you a range of benefits across travel, lifestyle, entertainment, health, and wellness. Some of the key features of this card are:
Features

Welcome Bonus

Voucher worth ₹12,500 of Luxe Gift Card/ Postcard Hotels or Yatra.

Lounge Access

  • Annually enjoy unlimited visits to select domestic airport lounges.
  • Get unlimited complimentary international lounge visits and 8 additional guest visits per year with the priority pass card.

Dining Benefits

Get up to 40% discount at over 4000 restaurants across India.

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹4000.

Entertainment Benefits

If you purchase one movie or event ticket on BookMyShow, you can receive up to ₹500 off of your next purchase (up to five tickets each month).

Insurance Benefits

  • Purchase protection: ₹2 lakh
  • Credit Shield: ₹5 lakh
  • Insurance against Lost/Delayed Baggage & Personal Documents: 500 USD
  • Lost card liability covers up to the credit limit

Reward Benefits

  • Earn 5X EDGE reward points on travel spends via TRAVEL EDGE.
  • Earn 12 Axis EDGE reward points on every ₹200 that you spend.

Fees and Charges

Joining Fees

₹12,500

Annual Fees

₹12,500

Annual Percentage Rate

42.58%

Foreign Transaction Fees

2.00%

Eligibility

Applicant's age should be between 21 and 70 years, and their annual income should be at least ₹18 lakh.

3. HDFC Bank Infinia Metal Edition Credit Card

The HDFC Bank Infinia Metal Edition Credit Card is a super-premium metal card that offers you unparalleled benefits across travel, dining, rewards, shopping, and more.

Features

Welcome Bonus

  • Get a complimentary Club Marriott membership for a year, offering up to 20% discounts for dining and staying across the Asia Pacific region.
  • Get the welcome benefit of 12,500 reward points upon fee realisation and card activation.

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹1,00,000.

Dining and Travel Benefits

  • At participating ITC hotels, you can book a stay for three nights and pay for two. 
  • Buffets at participating ITC hotels are 1+1 free.  
  • Enjoy unlimited complimentary lounge access at domestic and international airports using Priority Pass.

Insurance Benefits

  • Get an Accidental Air Death cover worth ₹3 crore.
  • Get an Emergency overseas hospitalisation benefit of up to ₹50 lakh in an emergency.
  • Get Credit Shield Cover for up to ₹9 lakh

Other Benefits

  • Enjoy an additional 15% off on all your bill payments via Swiggy Dineout.
  • Enjoy the benefit of the lowest markup fee of 2% on all foreign currency transactions.
  • Enjoy unlimited free golf games at prestigious courses in India and on selected international courses.

Fees and Charges

Joining Fees

₹12,500

Annual Fees

₹12,500

Annual Percentage Rate

23.88%

Foreign Transaction Fees

2.00%

Eligibility

HDFC Bank Infinia Credit Card is an invite-only card.

4. American Express Platinum Credit Card

The American Express Platinum Credit Card is a super-premium charge card that offers you extraordinary benefits across travel, lounge access, rewards, dining, and a whole range of 'Platinum Experiences'. 

Features

Welcome Bonus

₹45,000 worth of hotel coupons from SeleQtions, Taj, and Vivanta Hotels.

Dining Benefits

Complimentary EazyDiner membership and discounts of up to 50% at 1,800 fine-dining restaurants around India.

Travel Benefits

  • Receive benefits worth ₹37,000, such as free room upgrades and late checkouts at five-star hotels.
  • Enjoy access to over 1300 premium airport lounges across the world.

Insurance Benefits 

  • Personal air accident cover: ₹5 crore
  • Loss of check-in Baggage/ passport/ document cover: ₹50,000
  • Overseas medical insurance: USD 50,000 for the first 7 days of the trip.

Reward Benefits

  • Get 3x reward points on every foreign transaction.
  • Get 5x reward points on transactions via the AmEx Reward Multiplier portal.
  • Earn 1 Membership reward point for every ₹40 spent with your Card

Other Benefits

  • Get exclusive invitations to events for VIPs and exceptional experiences. 
  • Get pre-sale access to events, including concerts, fashion weeks, the Grammy Awards, Wimbledon, and more. Some of the finest seats in the house.

Fees and Charges

Joining Fees

₹60,000

Annual Fees

₹60,000

Annual Percentage Rate

42.00%

Foreign Transaction Fees

3.50%

Eligibility
The applicant's age should be at least 18 years.

Conclusion

So, these were some of the most premium credit cards in India that offer you a plethora of benefits and privileges across various categories. However, these cards also come with high annual fees and stringent eligibility criteria. Therefore, you should carefully evaluate your spending patterns, lifestyle needs, and financial goals before choosing any of these cards.

If you want to compare credit cards or any other credit cards in India, visit Finology Select - a platform that helps you find, compare and apply for the credit card that suits you the best. So what are you waiting for? Visit today and get your perfect credit card match!