For high-income earners and affluent individuals, premium credit cards are more than just a payment method – they are gateways to exclusive privileges, luxury experiences, and high-value rewards. Whether you are a frequent traveler, a golf enthusiast, or someone who enjoys fine dining, choosing the right premium credit card can significantly elevate your lifestyle.
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In this article, we review the 7 best premium credit cards in India based on our Credit card scoring and ranking model, detailing their fees, eligibility, reward structures, and standout benefits to help you make an informed decision.
1. Axis Reserve Card
The Axis Reserve Card is a premium credit card designed for individuals who prioritise luxury travel, dining, and exclusive lifestyle experiences. With a steep annual fee of ₹50,000 + GST, it caters to high-income earners with a minimum income of ₹36 lakhs per annum.
Rewards and Benefits:
- 7.5% EDGE Reward Points on groceries
- 7.5% on dining, clothing, and electronics (5x on Croma, Swiggy, Tata CLiQ)
- 10x on Pantaloons and MakeMyTrip
- Unlimited domestic and international lounge access
- Complimentary memberships to Club ITC Culinaire and Accor Plus Explorer
- 50 complimentary golf rounds annually
- ₹5 lakh Credit Shield and $500 travel insurance for lost baggage or documents
If you’re looking for a card that offers extensive golf privileges, elite memberships, and high reward multipliers, the Axis Reserve Card is a solid choice.
2. American Express Platinum Card
The American Express Platinum Card is premium credit card synonymous with luxury. With an annual fee of ₹60,000 + GST, it’s aimed at individuals with a minimum income of ₹25 lakhs per annum.
Rewards and Benefits:
- 2.5% Membership Points on groceries, electronics, and dining
- 5x on Uber and Fuel
- 10x on Tata CLiQ, Myntra, and Nykaa
- ₹45,000 hotel stay vouchers from Taj, SeleQtions, and Vivanta
- Unlimited domestic and international lounge access
- 14 complimentary golf lessons and unlimited rounds annually
- ₹5 crore Air Accidental Insurance and ₹42.5 lakh Emergency Hospitalisation Cover
For those seeking high-value hotel stays, dining rewards, and comprehensive travel insurance, the American Express Platinum Card offers a robust set of luxury benefits.
3. DBS Vantage Card
The DBS Vantage Card is positioned as an invite-only card for affluent customers. With a focus on simplicity, this premium credit card offers a flat 2% reward rate across all spending categories.
Rewards and Benefits:
- 2% Vantage Points on all categories, including groceries, travel, and dining
- 10,000 Vantage Points worth ₹10,000 as a welcome benefit
- Complimentary premium hotel membership from Taj, ITC, or Club Marriott
- Unlimited domestic and international lounge access
While the rewards structure is straightforward, the DBS Vantage Card lacks specialised travel or insurance benefits, making it ideal for those who prefer a flat reward rate without complex categories.
4. HSBC Premier MasterCard
The HSBC Premier MasterCard is tailored for corporate employees with a monthly salary credit of ₹3 lakhs. It comes with an annual fee of ₹20,000 + GST and a focus on rewards for everyday spending.
Rewards and Benefits:
- 2% Reward Points on groceries, utilities, dining, and travel
- ₹12,000 Taj Experiences gift card and Taj Epicure membership as welcome offers
- Unlimited domestic and 8 international lounge visits annually
- ₹1 crore Air Accidental Insurance and ₹1 crore Emergency Hospitalisation Cover
The HSBC Premier MasterCard is an ideal premium credit card for salaried professionals seeking solid insurance coverage and accessible rewards on routine expenses.
5. Citi Prestige Card
The Citi Prestige Card offers a balance of travel, luxury, and dining benefits, making it a popular choice for frequent travelers. With an annual fee of ₹20,000 + GST, this premium credit card is accessible to those with an income of ₹25 lakhs per annum.
Rewards and Benefits:
- 1% Reward Points across all spending categories
- ₹10,000 ITC/Taj benefit and 2,500 bonus points as a welcome offer
- Unlimited domestic and international lounge access
- 4 golf rounds and lessons annually
- ₹5 crore Air Accidental Insurance and ₹42.5 lakh Emergency Hospitalisation Cover
- Reward points conversion rate of ₹4 per point, making it highly valuable for redemptions
The Citi Prestige Card is recommended for those who want comprehensive insurance coverage and strong travel benefits, with a valuable reward conversion rate.
6. IndusInd Pioneer Heritage Card
The IndusInd Pioneer Heritage Card is designed for high-net-worth individuals with a group relationship value of ₹30 lakhs and a quarterly average balance of ₹1 lakh.
Rewards and Benefits:
- 1% Reward Points on groceries, dining, and entertainment
- ₹5,000 Luxe gift card and Oberoi hotel stay as a welcome bonus
- Unlimited lounge access domestically and internationally
- 12 complimentary golf rounds annually
- ₹25 lakh Air Accidental Insurance
The card lacks strong reward multipliers but compensates with solid golf privileges and luxury hotel perks.
7. IndusInd Pinnacle Card
The IndusInd Pinnacle Card comes with a moderate annual fee of ₹12,999 + GST and is ideal for dining and golf enthusiasts.
Rewards and Benefits:
- 1% Reward Points on groceries and utilities
- 1.5% on travel
- 5x on dining via EazyDiner
- 32 domestic and 8 international lounge visits annually
- 24 golf rounds and 48 golf lessons annually
- ₹5,000 Luxe gift card as a welcome offer
- ₹25 lakh Air Accidental Insurance
- Travel insurance for lost baggage, passport loss, and missed connections
For those who spend heavily on dining and golf, the IndusInd Pinnacle Card provides extensive golf access and competitive travel insurance coverage.
Conclusion:
Choosing the right premium credit card depends on your spending patterns, lifestyle preferences, and travel habits.
- For comprehensive luxury and dining rewards, the American Express Platinum Card offers unmatched hotel benefits and high reward multipliers.
- If you are a frequent traveler seeking lounge access and travel insurance, the Citi Prestige Card provides exceptional insurance coverage and a valuable reward conversion rate.
- Golf enthusiasts should consider the IndusInd Pinnacle Card for its extensive golf benefits and dining rewards.
- For a straightforward flat reward rate, the DBS Vantage Card simplifies earnings without complex reward categories
Evaluate your spending patterns, desired benefits, and overall lifestyle to choose the credit card that best aligns with your finances and luxury preferences.
Please note –
1 Finance Pvt. Ltd. operates independently and does not issue/provide credit cards. The information presented herein is intended solely for educational and informational purposes and should not be construed as financial advice. Before making any financial decisions, it’s essential to undertake your own thorough research and analysis. If you’re uncertain about any financial matters, we strongly recommend seeking guidance from qualified financial advisor.
