The growth of any nation’s economy is reflected when the number of HNI increases. The abbreviation HNI stands for High Net worth Individuals and in India, the number of HNIs are increasing every year. The individuals whose net worth is Rs. 20 lakhs to Rs. 6 crores are generally considered as HNIs in India. Well, there is another category who are called Ultra High Net worth Individuals (UHNI). The individuals with more than Rs.25 crores of net worth falls in this category.

The individuals who are really high in net worth lives a premium life. Most of the expenditures done by HNIs and UHNIs falls under the category of luxury expenditures. To make the luxury expenditures better and more convenient, one can use premium credit cards. Many of the banks are offering such high limit credit cards in India which are designed exclusively for rich people. This type of credit cards is also called luxury credit cards and in India. In the plethora of credit cards, there only a few some credit cards which can really be called premium credit cards.

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 Best Premium Credit Cards Available in India

American Express Platinum Card

American Express is one of the best credit card providers worldwide including India in terms of customer satisfaction and services. The American Express platinum credit card gives you numerous benefits such as assistance with personal arrangements while at home or abroad, dining reservations, golf bookings, movie and theatre ticket bookings, reservations for ‘By Invitation Only’ events and much more. These are not the only benefits of owning an American Express Platinum Card. A cardholder can enjoy air ticket benefits, unlimited access to airport lounges, benefits on hotel and restaurant bookings. Along with everything else 1 Membership Reward Point for every Rs.40 spent except for spend at fuel, utilities, insurance and cash transactions. The membership rewards become 3X while spending overseas.

The annual charge of this cards is Rs 60,000 with additional taxes.

american express platinum credit card

HDFC Bank Diners Club Black Credit Card

HDFC Bank has issued the maximum number of credit cards in India. HDFC provides a varied range of credit cards for people of different income zone. The  HDFC Bank Diners Club Black Credit Card is the card designed for the HNIs and UHNIs. The HDFC credit card provides 10X reward points. The rewards points can be redeemed for flights, recharges, etc. This card generally comes with the minimum credit limit of Rs. 10 lakhs whereas there is a special feature which makes this card with no upper limit. The upper limit of this card increases along with the increased income. With this card, one will get unlimited access to airport lounges, travel insurance cover, complimentary golf club membership etc. An expenditure of each Rs. 150 gives 5 reward points.

The annual charge of this credit card is

Rs. 10,000/- + Applicable Taxes for the first year and Renewal Fee – Rs. 5,000/- + Applicable Taxes

HDFC Bank Dinner Club Credit Card

CITI Bank Prestige Credit Card

The City Bank Credit Card gives benefits various benefits to the user. This card is one of the most premium credit cards in India, hence owning this card gives the owner a feeling of proud. Here are the benefits of having the Prestige Credit card from Citi Bank.

A user can get 10,000 bonus air miles and vouchers/card worth Rs 10,000 from Taj Group or ITC Hotels, per year. Along with the same, one can get a one-night complimentary stay on a minimum booking of 4 nights. One can avail unlimited access to airport lounges at over 800 airports. A card Citi Bank Credit card holder gets air accident insurance of 5 crores. Not only the insurance. one can get complimentary fraud insurance of INR 3,00,000 with this card.

The annual fee for having this cards is Rs 20,000+GST, no fee waiver is offered in this card.

Citi Bank Prestige Credit Card

HDFC Infinia Credit Card

This credit card from HDFC comes with a credit limit of 8 lakhs and above. The unique feature of this credit card is NPSL* (No Pre-set Spending Limit) makes it one of the best choices of the high net worth individuals. The travel benefits come here with priority pass program with 3.3% reward rate by default for all cardholders. One can get unlimited access to airport lounge within the country and overseas. To avail this credit card one must have a minimum income of Rs.48 lakhs per annum.

The Annual fee of this credit card is Rs 10,000+GST. The annual fee can be waived off on the expenditure of Rs. 8 Lakhs and above.

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Documents Require To Apply For The Premium Credit Cards in India

The documents required to apply for the premium credit cards in India may vary from provider to provider but it almost the same only. Let’s know the documents required in details.

  • Documents for Identity proof
  • Driving license /Voter’s ID card/Aadhaar card/Ration Card/ Passport/PAN Card
  • Documents for Address proof
  • Rental agreement/Ration card/Aadhaar card/ Any utility bill such as Electricity bill/ water bill/ telephone bill/ Passport/ Aadhar card
  • Documents for Income proof (for salaried individuals)
  • Recent salary slips/Employment letter from the employer
  • Income proof (for self-employed individuals)
  • Certified financials/Your balance sheet or profit and loss statement/
  • Recent Income Tax Returns documents

Others Documents Required

  • PAN card
  • Form 60 ( ITR Filled documents)
  • Photograph

The Bottom Line

The premium credit cards mentioned above are undoubtedly beneficial for the user but one should consider the fact that the annual fee here is massive along with the interest rate. So one should buy a credit card only if he/she is certain about using the same and enjoying the benefits of the card. Moreover, a careful comparison of all available credit cards can make you enjoy a bit more while paying less.

(Updated 10-06-2019)