Features of premium credit cards
- High reward rates
- Extensive lounge access
- Concierge and golf benefits
- Low forex mark-up on select cards
Eligibility for premium credit cards
- High annual income as set by the bank
- Excellent credit score
- Existing banking relationship may help
How to choose the right card
Look at where you spend the most, compare the annual fee with the value of benefits you'll actually use, and check the fee-waiver condition. Paying the full bill by the due date keeps your card interest-free and builds your credit score.
Frequently asked questions
Only if the value of benefits you actually use (rewards, lounge visits, insurance) exceeds the annual fee. Many premium cards waive the fee on high annual spends.
Key facts from official sources
Credit scores in India range from 300 to 900; a higher score indicates lower credit risk. — Source: TransUnion CIBIL
Customers of banks and NBFCs can file free complaints under the RBI Integrated Ombudsman Scheme at cms.rbi.org.in. — Source: Reserve Bank of India
Written by BankHelpline Editorial Team · Reviewed by Sheetal Pawar, Director · Last updated . Content is researched from official sources such as the Reserve Bank of India (RBI), credit bureaus and lender websites, and reviewed periodically. Rates and charges change often – always confirm the latest terms with the lender.