Top 4 premium credit cards: the best choice for high-net-worth individuals

Premium credit cards are offered by banks to wealthy individuals and also to their old loyal customers. These credit cards offer exclusive and luxurious benefits unlike other regular credit cards. Although both the joining fees and annual fees of these credit cards are skyrocketing, they offer you the best privileges including premium travel rewards programs with elite hotel groups, free access to airport lounges, VIP facilitation at the airport, free golf sessions and much more. .

Let’s take a closer look at the most popular premium credit cards and analyze their features so you can choose the best credit card for you:

Best premium credit cards for high net worth individuals

1) HDFC Infinia Metal Credit Card

Participation costs:Rs.12,500 + taxes

Annual fee:Rs. 12,500 + taxes

Main features:

Unlimited lounge access:Free unlimited access to domestic and international lounges with Priority Pass.

Low Forex Storage:Foreign currency transactions are subject to a 2% surcharge (plus GST).

Golf sessions: Free unlimited golf session at selected golf courses in India and other countries.

Welcome advantage:Complementary Club Marriott membership for one year, including dining and lodging in any hotel area of ​​Marriott Bonvoy at a 20% discount.

Reward Points:

• 5 points equals Rs.150 on transactions except fuel.
• Get 10X points on all travel and shopping via HDFC SmartBuy.

Dinner benefits:Membership in the Good Food Trail Dining Program which provides access to premium restaurants nationwide.

Exemption from fuel surcharge: 1% exemption on fuel transactions ranging from Rs. 400 to Rs.1,00,000.

2) American Express Platinum Credit Card

Participation costs:Rs. 66,000 + taxes

Annual fee: Rs. 66,000 + taxes

Main benefits:

Hotel rights:Complimentary gifts from luxury hotels including Four Seasons, The Ritz Carlton Hotels and Mandarin Oriental Hotels.

Elite Memberships:Marriott Bonvoy™ Gold Elite, Hilton Honors Gold Status, Taj Epicure and Radisson Rewards Gold, which entitles you to priority services and exclusive discounts, including free upgrades.

Reward Points:

• 1 Membership Reward Point for every Rs. 40 issued.
• 3X points on all international transactions.
• Reward Multipliers: 5X points on purchases.

Access to global lounges: Access to more than 1,300 lounges, including American Express lounges, Priority Pass and Centurion lounges.

Exclusive access: Invitations to exclusive VIP events and free tickets to Fashion Week, Wimbledon and Grammy Awards.

Travel discounts:Exclusive offers from airlines including Qatar Airways, Air France and Virgin Atlantic.

Golf benefits:Free worldwide access to golf courses and free sessions.

3) Axis Bank Burgundy private credit card

Participation costs:Rs. 50,000 + taxes

Annual fee: Rs. 50,000 + taxes

Main features:

Reward Points: For every Rs. If you spend 200 you will earn 15 EDGE REWARD points.

Dinner rights: Free EazyDiner Prime membership, which gives you a 25% discount on select restaurants.

Golf sessions: 50 free rounds of golf every year.

Entertainment offers:5 free cinema tickets and 5 live event vouchers every month via the BookMyShow app.

Lounge access:

• Unlimited lounge access to domestic and international lounges.
• 12 Annual free access to the guest lounges.

Exclusive hotel memberships:Free membership to Club Marriott, Accor Plus and Taj Epicure.

Hotel discounts:

• Up to 15% discount on stays in luxury hotels, including Oberai and Trident.
• Discounts for postcard hotels from 10% to 20%.

Forex Benefits:No foreign currency storage fees.

Health & Wellbeing: Discounts on wellness coaching at Weljii and diagnostic services at accredited hospitals.

4) YES private credit card

Participation costs:Rs. 50,000 + taxes

Annual fee: Rs. 10,000 + taxes

Main features:

Lounge access:Primary and additional cardholders receive complimentary access to more than 1,100 domestic and international airport lounges with 12 complimentary accompanying guests.

Hotel rights: Exclusive privileges at luxury hotels including Shangri-La Singapore, Mandarin Oriental Hong Kong and Intercontinental Chennai.

Airport services: Free ‘Meet and Greet’ service at airports for VIP customers and invitations to the ‘Airport by Invitation’ programme.

Savings on private flights: Save up to $1,000 USD on private flight charter services from Vitesse Worldwide.

Forex storage costs:Low forex storage fee of 0.5%.

Welcome bonuses:

• Welcome bonus of 2,00,000 reward points.
• Free Oberoi Hotels Gift Vouchers worth Rs. 9,000.

Early Spending Rewards:Enjoy Rs. 50,000 in reward points when making a total spend of

Rs. 10 Lakh or more during the first 90 days of card activation.

Savings points system:

• Domestic expenditure: 20 reward points for every Rs. 200 issued.
• International editions: 40 reward points for every Rs. 200 issued.

Golf benefits: 12 free green fees and golf lessons every year.

Entertainment offers:Take advantage of the ‘Buy One, Get One Free’ promotion on movies, along with 4 additional free movie tickets per calendar month.

In conclusion, luxury cards may come with a hefty fee, but they provide you with the most luxurious benefits that will allow you to live a king-size life indeed! However, if you get an invitation from banks for these cards, you should first analyze your budget and find out whether you really need a credit card or not. Furthermore, before purchasing a card for yourself, you should also explore other options so that you can get the best card that suits your lifestyle.

(Note: Using a credit card comes with its own risks)