Luxury credit cards or super premium credit cards are designed for high-income earners who maintain a strong relationship with the bank. This relationship is measured by the Total Relationship Value (TRV). TRV is the sum of the balances of all accounts held with the bank, including savings account, current account, credit card account, loans and insurance policies.
Super-premium credit cards come with higher rewards and special benefits. These include premium hotel loyalty programs, unlimited lounge access, VIP airport service and free golf games. These cards have special requirements like high monthly income and good CIBIL score. Apart from this, better TRV with the bank is also mandatory.
Also read: Mutual Fund SIP: PSU funds investing in government companies are the stars, up to 49% profit on SIP in 5 years
Super-premium credit cards come with higher charges, however the benefits usually outweigh the cost. For your convenience, we have compiled a list of the best luxury credit cards. Here you can select a card by looking at its features and benefits.
HDFC Infinia Credit Card Metal Edition
Joining Charges:Rs 12,500
Annual/Renewal Charges :Rs 12,500
Airport Lounge Access:Unlimited for primary and add-on members
Reward Points: Up to 10X reward points on travel and shopping spends through SmartBuy platform promoted by HDFC Bank
Apart from this, 5 points are given for every Rs 150 spent on insurance, utility and education related matters.
Also read: Gratuity Calculator: Worked for 20 years, last salary is Rs 50,000, how much will be the gratuity?
ICICI Emeralde Private Metal Credit Card
It is issued by ICICI Bank.
Joining fee: Rs 12,499
Annual Charge: Rs 12,499 (This annual charge is refunded if Rs 10 lakh or more is spent through the card. And this refunded annual charge will be calculated in the next year.
You will be able to experience EasyDiner Prime Membership for free for 12 months.
You will get 12,500 ICICI reward points as a joining bonus. However, these points will be available on paying the joining fee and activating the card.
With Taj Epicure Membership, you will get the facility of free night stay.
You will earn 6 ICICI Bank Reward Points for every Rs 200 of retail transaction made for all things except tax, fuel and rent payments.
Every Rs 200 spent on grocery, education, utility and insurance payments will earn 6 ICICI Bank reward points. The value of each reward point is up to Rs 1.
Airport Lounge Access: Unlimited Visits
EaseMyTrip Vouchers: Rs 3,000 voucher on annual spends of Rs 4 lakh and Rs 8 lakh
Golf Benefits: Unlimited golf lessons or rounds every month with a Golftripz account
EazyDiner Benefits: Up to 50% off on meals in India & Dubai
2,000 EazyPoints on joining
BookMyShow Offer: Buy 1 ticket and get upto Rs 750 off on the second ticket, twice a month
Also read: Upcoming IPOs: Two mainboard and more than 5 SME IPOs will open next week, companies will raise Rs 850 crore
HDFC Diners Club Black Credit Card
Joining fee: Rs 10,000
Annual/Renewal Fee: Rs 10,000
Airport Lounge Access: Unlimited visits for primary member and add-on members
Base Rewards Rates: 5 Rewards Points at 3.33% per Rs. 150 spent
Bonus Reward Points:
Up to 10 times reward points on card spends from Smartbuy platform
Up to 2X on dining on weekends and 1:1 redemption ratio
Forex markup fees: as low as 2%
Benefit on annual spending: Free membership renewal on spending Rs. 8 lakh in a year
Axis Bank Olympus Credit Card
Joining Fees: Rs 20,000
Annual / Renewal Charges: Rs 20,000
Airport Lounge Access:Complimentary access to domestic and international airport lounges Unlimited bars
Reward Points:Upto 2 Edge Miles for every Rs. 100 spent (1 Edge Miles = 4 Partner Points)
Welcome/Renewal Benefit
Taj Epicure membership
10,000 Taj/ITC Hotel Voucher
2,500 Edge Miles
Stay Benefit: No charge for the third night if you book a minimum of 3 nights through Hotels.com
Free service: Airport concierge services, including meeting and transfers
Golf Benefits: 8 free rounds at domestic golf clubs, 1 guest visit per round
Also read: NPS Vatsalya: Deposit Rs 10,000 every year in the name of your child, get Rs 11 crore on retirement, full details
Axis Magnus Credit Card
Joining Fees: Rs 12,500
Annual/Renewal Fees: Rs 12,500
Airport Lounge Access: Unlimited visits to domestic and international airports, plus 4 additional guest visits
Reward Points: Up to 60 Age Reward Points for every Rs. 200 spent
Forex Markup Fees: At least 2%
Rewards Conversion: Convert rewards to air miles or hotel loyalty points at a ratio of 5:2
Welcome Offer: Luxe Gift Card, The Post Card Hotel, or Travel Voucher equivalent to the value of INR 12,500 within 30 days of card issuance
YES Bank Marquee Credit Card
Joining Fees: Rs 9,999
Annual/Renewal Fees : Rs 4,999
Reward Points:
36 YES Rewards Points for every Rs. 200 spent online
18 YES Rewardz points for every Rs. 200 spent offline
Airport Lounge Access: Unlimited visits to domestic and international airport lounges up to 24 times a year
Forex Markup Fees:1%
Golf Benefits:Up to 12 free golf lessons and 4 green fees waived at select golf courses in India
Welcome and Renewal Points
60,000 YES Rewards Points on joining
20,000 YES Rewards Points on renewal fee payment
BookMyShow Offers:Buy 1 ticket, get up to Rs 800 off on the second ticket, get up to 3 tickets free every month
Also read: NFO vs NFO: Opportunity to invest in 3 new schemes of mutual funds, LIC MF and Mirae Asset’s new fund offers included in the list
Axis Bank Reserve Credit Card
Joining Fees: Rs 50,000
Annual/Renewal Fees: Rs 50,000
Airport Lounge Access:Unlimited domestic and international visits through Priority Pass
Forex Markup Fees: 2X Reward Points on overseas spends with a minimum of 1.5%
Reward Points: Up to 30 EDGE Reward Points for every Rs. 200 spent
BookMyShow Offers:Buy 1 ticket, get 1 free, offer up to 5 tickets per month
Membership: The offers include those on ITC Culinaire, Accor Plus, Club Marriott and EasyDiner Prime as well as Postcard and Oberoi hotels.
,Note: All the details related to luxury credit cards included in this article are for your information. Financial Express does not endorse any of the above credit cards.,
