BEST PREMIUM CREDIT CARDS
Premium credit cards offer exclusive benefits and perks like cashback, very good signup bonus and are not designed for everyone.
Having a premium card is like signing up to a club membership that provides exclusive benefits to its members. Luxury isn’t cheap,
so premium cards come at high annual fees.
HDFC Diners Club Black CreditHita picked for
: a great signup bonus and its reward rate
HDFC Diners Club Black Credit Card has a joining fee of ₹10,000 + GST and a yearly renewal fee of ₹10,000 + GST. You can get your
renewal fee waived off if you spend more than ₹5,00,000 in the previous year. With HDFC Diners Club Black you get 6 complimentary golf
games per quarter. HDFC Diner Club Black card also offers great travel benefits such as unlimited airport lounge access to 1,000+
longues and you get an INR 2 Crore coverage for any air accidents and covers any emergency medical expenses up to INR 50 Lakhs.
Along with these offers, HDFC Diners Club Black card also gives you complimentary annual memberships to Club Marriott, Forbes India,
Zomato Gold, Amazon prime, MMT Double Black and Times Prime.
American Express Platinum Credit Card CreditHita picked for
: A huge signup bonus and several amazing perks.
With a very high annual fee American Express Platinum credit card is for frequent travellers who want to stay in luxury hotels. American
Express Platinum credit card has a joining fee of ₹60,000, and a renewal fee of ₹60,000 from the second year onwards. As a signup bonus,
you earn either 1,00,000 Membership Rewards Points or vouchers worth ₹45,000 for a stay in Taj, SeleQtions and Vivanta Hotels. The burn
rate of Membership Reward Points is 50 paise to ₹1, so you get a signup bonus of more than ₹50,000. You get a wide variety of travel
benefits like discounts on hotels and resorts, luxury lounge accesses typically with complimentary free food, drinks, other amenities
and services. If you frequently stay in luxury hotels and resorts you can get 50% off on suites at Oberoi Hotels and Resorts and 25% off
at Taj, SeleQtions and Vivanta Hotels.
Elite Tier Benefits
AIRPORT LOUNGE ACCESS
- Taj InnerCircle Silver Tier
- Marriott Bonvoy™ Gold Elite Status - Value: ₹20,000
- Hilton Honors Gold Status - Value: ₹10,000
- Radisson Rewards Gold Status
- Hertz Gold Plus Rewards
- Shangri-La Golden Circle’s Jade Tier Value
Access over 1,200 of the finest Airport Lounges globally
The American Express Global Lounge Collection includes access to:
ICICI Emeralde Credit Card CreditHita picked for
- The Centurion® Lounge
- American Express Lounges
- Priority Pass™ Lounges
- Delta Sky Club® Lounges when flying Delta
- Lufthansa Lounges & Escape Lounges
- Domestic Partner Lounges in India
: Movie Tickets, Travel benefits
ICICI Emeralde Credit Card has a joining fee of ₹12,000 + GST and a renewal fee of ₹12,000 from the second year onwards. One drawback of
ICICI Emeralde credit card is that the renewal fee is waived off if you spend more than ₹15,00,000 in the previous year. With ICICI
Emeralde credit card you get 4 complimentary movie tickets every month under the “Buy One Get One Free” offer; Celebrate your birthday
in Trident Hotels using the complimentary free voucher worth ₹7500. ICICI Emeralde credit card offers exclusive benefits on health and
personal care services that includes discounts at VLCC, Kaya Skin Clinic, Richfeel, True Fitt n Hill and Gold’s Gym You get unlimited
complimentary international and domestic lounge access and unlimited complimentary spa access at airports in India. ICICI Emeralde
credit card offers several travel insurance coverage like lost baggage insurance of USD 1200, loss of travel document insurance of
USD 500 and lost card liability of Rs 50,000.
Axis Bank Vistara Infinite Credit Card Credithita picked for
: Travel benefits
Axis Bank Vistara Infinite Credit Card has a joining fee of ₹10,000, and a renewal fee of ₹10,000 from the second year onwards.
Axis Bank Vistara Infinite Credit Card offers 6 CV points on every ₹200 spent and 15% discount at restaurants that are tied to the
Axis Bank Dining Delights. Other offers like Complimentary Club Vistara Gold Membership and Exclusive offers with Axis Bank Extraordinary
weekends. Everyone gets a complimentary Business Class ticket as a welcome benefit. Everyone is awarded a business class ticket as a
milestone benefit when their transactions exceed ₹2.5 lakhs, ₹5 lakhs, and ₹7.5 lakhs. Up to 3 Business class tickets and 10,000 CV
points on milestone spends.
Citi Prestige Credit Card Credithita picked for
: Total rewards earned in first year. You can double what you pay as a joining fee.
Citi Prestige credit card has a joining fee of ₹20,000 + GST and a renewal fee of ₹20,000 + GST from second year onwards.
With Citi Prestige credit card you almost double what you pay as a joining fee with great benefits worth ₹38,000+ in the first year.
Citi Prestige credit card is a very good travel card with a joining bonus miles worth ₹4,500 and free vouchers of worth of ₹10,000
for Taj Group/ ITC Hotels. On annual spends of ₹24 Lacs you get a burn rate of 1 rupee per point which equates to a cashback worth
of ₹24,000. Based on your relationship with Citibank, you can get up to 50% bonus reward points every month and there is no expiry
on earned reward points. You can convert your reward points to Airmiles with any frequent flyer partners at the rate of 1 point = 4 miles.
Get free unlimited priority pass lounge access to over 800 airports, worldwide. This benefit applies to primary and supplementary
credit cardholders. Citi Prestige credit card has a reward rate of 1 reward point per ₹100 spent on domestic and 2 reward points
per ₹100 spent on international transactions.
ARE PREMIUM CREDIT CARDS WORTH THE ANNUAL FEE?
Premium credit cards have a high annual fee, so if you are not utilizing all the card benefits like lounge access, hotel, and resort
benefits then you may consider choosing a non-premium credit card so that you don't make a loss on paying the high annual fees.
If you’re a frequent traveller and stay in luxury hotels and spend money on luxury lounges during layovers then the travel benefits
offered by premium credit cards outweigh the annual cost involved in holding a premium credit card. Along with accesses to luxury hotels
and lounges you can enjoy other travel benefits like free checked baggage and elite status. Generally, you need to be a loyal customer
to an Airline in order to earn elite status but you can get that status easily with premium cards.
If you find the right credit card then high joining fees isn't something you need to worry about. Sure, you have to pay an annual fee
for a premium credit card, but that annual fees will be easily covered by the cost of things you'd likely pay for anyway, and then you
get so much more like bonus rewards on select spending, extended warranty protection, travel insurance, hotel discounts, access to card
concierge services, and more.
DO YOU QUALIFY FOR THE MOST ELITE CREDIT CARDS?
The perks and features of these cards are certainly appealing, but it's important to note that these cards aren't for everyone. In fact,
they probably aren't even for most people. Before applying for one of these cards, make sure you have an excellent credit score because
if you don't have an excellent score you have less chances of approval and the application would result in a ding on your score due to a
If you like these credit cards but aren't ready for the higher annual fees, that's okay. There are some best travel credit cards out
there that don't come with massive annual fees.
Think about the fee and ask these questions: Are the rewards and benefits offered by the card worth the costs? Do you need access to
luxury lounges? Do you need discounts to luxurious hotels, and resorts?
Perks offered by premium credit cards include Airport lounge access, free golf courses, buy one get one movie tickets or shows,
trip cancellation insurance, free checked baggage for your flights, free hotel stay or discount on hotel or resort, and more.
Goals and spending habits
You should set goals and look at your spending habits whether are you a frequent traveller? Do you care about things like airport
lounge access and perks? or Are you primarily concerned with top rewards for the lowest possible annual fee? Be honest about why you
need these cards and make sure the benefits you enjoy outweigh the annual costs. Say you are not a frequent traveller then don't
convince yourself that you will change your travel habits to fit a new credit card.