Super Premium Credit Cards in India 2024

In the world of credit cards, Super Premium Credit Cards are the crème de la crème, offering a host of benefits and features that cater to high-income individuals. This article provides a comprehensive guide on Super Premium Credit Cards in India, their benefits, eligibility criteria, and how they differ from regular credit cards.

What are Super Premium Credit Cards?

Super Premium Credit Cards are top-tier credit cards that offer a range of exclusive benefits and rewards. They are designed for high net worth individuals who demand more from their credit cards. Some of the Super Premium Credit Cards available in India include HDFC Infinia Credit Card Metal Edition, Axis Magnus Credit Card, SBI Aurum Credit Card, HDFC Diners Club Black Credit Card, ICICI Emeralde Private Metal Credit Card, and Standard Chartered Priority Visa Infinite Credit Card.

Benefits of Super Premium Credit Cards

Super Premium Credit Cards offer a plethora of benefits. They offer a higher reward rate, meaning you earn more reward points per rupee spent compared to regular credit cards. They also offer premium benefits like access to the loyalty programs of premium hotel chains, unlimited lounge access, VIP services at airports, and complimentary golf games. Super Premium Credit Cards often come with exclusive offers on dining, airfare, and hotel bookings. They offer high credit limits, which can be beneficial for individuals who make large purchases or need a higher spending limit. The features present in the super-premium credit cards make it a status symbol credit card.

Eligibility Criteria for Super Premium Credit Cards

The eligibility criteria for Super Premium Credit Cards can vary from one card company to another. However, some general criteria often considered include high net worth, good credit history, banking relationship, income, and age. For example, the monthly income of salaried applicants should be at least ₹1.75 lakh. The Income Tax Return (ITR) of self-employed individuals should be at least ₹21 lakh. The applicant’s age should be between 21 and 70 years. The minimum credit score required for a Super Premium Credit Card is generally above 750.

Super Premium Credit Cards vs Regular Credit Cards

Super Premium Credit Cards and regular Credit Cards differ in several ways. Regular credit cards usually don’t have annual fees, while Super Premium Credit Cards often come with high annual fees, usually ranging from Rs. 10,000 to Rs. 20,000 and sometimes going beyond Rs. 50,000. Super Premium Credit Cards typically have a higher credit limit than regular credit cards. They offer premium benefits like access to the loyalty programs of premium hotel chains, unlimited lounge access, VIP services at airports, complimentary golf games, etc. Regular credit cards offer more basic benefits and rewards.

Credit Limit of Super Premium Credit Cards

The credit limit of Super Premium Credit Cards is typically very high, often exceeding ₹8 Lakhs. However, the specific credit limit can vary depending on the bank and the specific card.

In conclusion, Super Premium Credit Cards offer a range of benefits and features that cater to high-income individuals. However, these cards come with stringent eligibility criteria and not everyone will qualify for these cards. The annual fee is also comparatively high, usually ranging from Rs. 10,000 to Rs. 20,000 and sometimes going beyond Rs. 50,000. However, the benefits they offer often surpass their fee by a wide margin.

Choosing the Right Super Premium Credit Card

When choosing a Super Premium Credit Card, it’s important to consider your lifestyle and spending habits. Here are some factors to consider:

Rewards and Benefits: Look at the rewards and benefits offered by the card. If you travel frequently, a card that offers travel rewards and airport lounge access would be beneficial. If you dine out often, a card that offers dining rewards would be a good fit.
Annual Fees: Consider the annual fees of the card. While Super Premium Credit Cards come with high annual fees, the benefits they offer often surpass their fee by a wide margin. Make sure the benefits you get from the card outweigh the cost of the annual fee.
Interest Rates: While it’s always best to pay off your credit card balance in full each month, it’s still important to consider the interest rate. Look for a card with a low interest rate.
Eligibility Criteria: Make sure you meet the eligibility criteria for the card. This can include income requirements, a good credit score, and a strong banking relationship.
Credit Limit: Consider the credit limit of the card. If you make large purchases or need a higher spending limit, a Super Premium Credit Card with a high credit limit would be beneficial.

Remember, the best Super Premium Credit Card for you depends on your individual needs and spending habits. It’s always best to do your research and compare different cards before making a decision.

Top Super Premium Credit Cards in India in 2024

Here are the details of some Super Premium Credit Cards available in India

HDFC Infinia Credit Card Metal Edition

Joining fee: ₹ 12500
Annual/Renewal Fee: ₹ 12500
Offers unlimited airport lounge access for primary and add-on members
Provides 10x rewards on travel and shopping spends on Smartbuy
This card is best suited for individuals who travel frequently and make large purchases on travel and shopping.
The floor limit of this credit card is ₹4 Lakhs. Usually, the cardholders have limits in the range of ₹4-8 Lakhs

Axis Magnus Credit Card

Joining fee: ₹ 12500
Annual/Renewal Fee: ₹ 12500
Offers unlimited international & domestic lounge visits
Allows conversion of rewards into Air Miles or Hotel Loyalty points
This card is ideal for individuals who travel internationally and domestically and prefer to convert their rewards into Air Miles or Hotel Loyalty points.
The credit limit can vary from ₹25,000 to ₹5 Lakhs, depending on the applicant’s CIBIL score, income, and other factors.

SBI Aurum Credit Card

Joining fee: ₹ 9999
Annual/Renewal Fee: ₹ 9999
Offers unlimited international lounge access
Provides complimentary memberships of top brands, such as Amazon Prime, EazyDiner Prime, Lenskart, etc.
This card is perfect for individuals who value exclusive memberships and frequently use international lounges.
The credit limit for the Aurum card is assigned at the discretion of the bank.

HDFC Diners Club Black Credit Card

Joining fee: ₹ 10000
Annual/Renewal Fee: ₹ 10000
Offers Club Marriott, Forbes, Amazon Prime, Swiggy One (3 months) and MMT BLACK membership as a welcome benefit
Provides 5 reward points per Rs. 150 spent across all categories
This card is great for individuals who value exclusive memberships and want to earn reward points on all categories of spending.
The floor limit of this credit card is ₹4 Lakhs. Usually, the cardholders have limits in the range of ₹4-8 Lakhs.

ICICI Emeralde Private Metal Credit Card

Joining fee: ₹ 12499
Annual/Renewal Fee: ₹ 12499
Offers Complimentary TajEpicure & EazyDiner Prime memberships
Provides unlimited international & domestic lounge visits
This card is best for individuals who frequently visit international and domestic lounges and value complimentary memberships.
This card offers a significantly higher credit limit, ensuring you have access to substantial financial resources when you need it the most.

Standard Chartered Priority Visa Infinite Credit Card

Joining fee: ₹ 0
Annual/Renewal Fee: ₹ 0
Offers 5X reward points on international and retail spends
Provides 2X reward points on other categories
This card is ideal for individuals who make international and retail spends and want to earn reward points on these spends.
The credit limit is not publicly disclosed by the bank.

Please note that these cards come with stringent eligibility criteria and not everyone will qualify for these cards. The annual fee is also comparatively high, usually ranging from Rs. 10,000 to Rs. 20,000 and sometimes going beyond Rs. 50,000. However, the benefits they offer often surpass their fee by a wide margin.

Conclusion

Super Premium Credit Cards offer a range of exclusive benefits and features that cater to high-income individuals. While they come with high annual fees and stringent eligibility criteria, the benefits they offer often surpass their fee by a wide margin. Whether it’s earning more reward points, enjoying premium benefits, or having a high credit limit, Super Premium Credit Cards provide a level of service and exclusivity that regular credit cards can’t match. However, it’s important to choose a card that aligns with your lifestyle and spending habits to get the most out of your Super Premium Credit Card.