Best Premium Credit Cards in India 2020

Often catering to high spenders and affluent consumers, many issuers offer premium credit cards that give cardholders excellent perks and/or very valuable rewards. These cards sometimes come along with high annual fees or income requirements, but some are also within reach for more typical spenders. We've analyzed the current card offerings in India and compiled this list of our top premium credit card picks.

Best Premium Credit Cards
Best OverallHDFC Diners Club BlackUnlimited global lounge access, competitive bonuses
Best CashbackStandard Chartered UltimateUp to Rs. 10,000 MakeMyTrip, 3.33% all spend
SC Yatra Platinum10% cashback on travel spending
Travel RewardsJetPrivilege HDFC Diners ClubUnlimited global lounge access
Hotel PerksCiti PrestigeUnlimited Priority Pass, buy 4 get 1 hotel night free
Air IndiaAir India SBI Signature Card13.5% on Air India booking, 8 lounge visits/year
ShoppingSnapdeal HDFC Bank Card11.67% on Snapdeal, 6.67% on travel, Amazon, Flipkart
DiningKotak Delight Platinum10% dining & movies
Taj HotelsAmex Platinum TravelNearly Rs. 30,000 in anniversary bonus travel vouchers

Best Premium Card: HDFC Diners Club Black Card

Consider this if your annual income is at least Rs. 2,100,000

Age Requirement 21-60 (65 if self-employed)
Annual Income Requirement Rs. 2,100,000
Bonuses
  • Sign-Up Bonus: 10,000 Reward Points (worth ₹ 10,000)
  • Renewal Benefit: 5,000 Reward Points (worth ₹ 5,000); not applicable when renewal fee is waived (requires annual spend of ₹ 500,000)

The HDFC Diners Club Black Card is a very profitable premium card for high spenders, but you must have an annual income of at least Rs. 2,100,000 to be considered. Its excellent bonuses nicely cancel out the card's annual fees. On all retail spend (excluding fuel), you'll earn a top-of-market 3.33% back (5 points per Rs. 150; 1 point = Rs. 1 in travel rewards).

A big draw for this card is its fantastic perks package, including unlimited access to the Diners Club airport lounge network (850+ lounges) and 6 free golf games quarterly. Notably, the credit card's foreign currency transaction fee is one of the lowest in India, 2.0%. In all, if you qualify for the steep income requirement, this is the most valuable premium card you can get.

  • Annual Fee: Rs. 10,000 first year; Rs. 5,000 beyond (waived on annual spend of Rs. 500,000)
  • Earn Rate: 5 points/Rs. 150 retail spend except fuel
  • Point Value: 1 point = Rs. 1 on HDFC Diners Club travel portal
  • FX Fee: 2.0%
  • Perks: Diners Club Lounge (unlimited free access to 850+ lounges); 6 free green fee waivers/quarter at 20 courses in India & 40 worldwide; air accident cover Rs. 2 crore; emergency medical expense cover; baggage delay cover
  • Fuel Surcharge Waiver: Transactions Rs. 400–5,000, max Rs. 1,000/month
  • Annual Fee: Rs. 10,000 first year; Rs. 5,000 beyond (waived on annual spend of Rs. 500,000)
  • Earn Rate: 5 points/Rs. 150 retail spend except fuel
  • FX Fee: 2.0%
  • Point Value: 1 point = Rs. 1 on HDFC Diners Club travel portal
  • Perks: Diners Club Lounge (unlimited free access to 850+ lounges); 6 free green fee waivers/quarter at 20 courses in India & 40 worldwide; air accident cover Rs. 2 crore; emergency medical expense cover; baggage delay cover
  • Fuel Surcharge Waiver: Transactions Rs. 400–5,000, max Rs. 1,000/month

Premium Cashback Cards

Depending on your spending preferences, there are many premium cards that would be suitable for you. The following cards are great options for you if you are interested in attaining a cashback card.

Best Premium Cashback Card for High Spenders: Standard Chartered Ultimate Card

Consider this if you want high reward value for all your spending categories

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses
  • Welcome Gift: Up to Rs. 10,000 cashback on MakeMyTrip on tickets booked within 90 days of card issuance

High spenders won't be able to find a better premium credit card for general cashback in India outside of the Standard Chartered Ultimate Card. First, you'll start off with an excellent welcome gift of up to Rs. 10,000 cashback on MakeMyTrip tickets booked within your first 90 days of a cardmember. Then, on general card spend, you'll receive best-in-market 3.33% rupee value back with no exclusions (5 points per Rs. 150 spent; 1 point = Rs. 1 cashback).

The card has great domestic travel perks too, with up to 4 lounge visits each quarter under the Visa program, and you can also earn a free Priority Pass visit per month if you clear Rs. 20,000 in monthly spend. Last, the card provides 5% off any duty free purchase and an excellent 2% foreign currency transaction fee (vs. 3.5% for most credit cards). In sum, get SC's Ultimate to earn excellent cashback on all your spending categories with great perks on the side.

Read Our Review

  • Annual Fee: Rs. 5,000
  • Reward Earn Rate: 5 points per Rs. 150 spent on all transactions; 5% cashback duty free spend
  • Point Value: 1 point = Rs. 1 cashback
  • FX Fee: 2.0%
  • Perks: Complimentary Priority Pass membership (USD 27/visit, waived once monthly if last month's spend > Rs. 20,000); Visa Lounge access (4 free visits/quarter, major airports in India); 2 free domestic golf games/month (1 free guest game/month), 1 free golf coaching session/month; air accident cover of Rs. 1 crore, emergency medical, bag delay, loss of bags/personal docs, hijacking and flight delay coverage
  • Annual Fee: Rs. 5,000
  • Reward Earn Rate: 5 points per Rs. 150 spent on all transactions; 5% cashback duty free spend
  • Point Value: 1 point = Rs. 1 cashback
  • Perks: Complimentary Priority Pass membership (USD 27/visit, waived once monthly if last month's spend > Rs. 20,000); Visa Lounge access (4 free visits/quarter, major airports in India); 2 free domestic golf games/month (1 free guest game/month), 1 free golf coaching session/month; air accident cover of Rs. 1 crore, emergency medical, bag delay, loss of bags/personal docs, hijacking and flight delay coverage

Best Cashback Card for Travel: Standard Chartered Yatra Platinum Credit Card

Consider this if you are looking for a card to use on international travel bookings and prefer to book with Yatra

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses
  • Sign-Up Bonus: Yatra vouchers worth ₹ 4,000

The Standard Chartered Yatra Platinum Credit Card is the best option for those looking to attain a cashback card to use on their travel spending. First, the cashback card offers a 10% cashback on all Yatra travel bookings—including domestic flights, international flights and hotel bookings. Additionally, cardholders are offered waivers on fees for flight cancellations. Along with the 10% cashback rate, the card offers a 0.95% rewards rate (4 points per Rs. 100, 1 reward point = 0.53 InterMiles) on all travel bookings made on the Yatra platform.

Unfortunately, the Yatra Platinum Card offers a relatively low rewards rate of 0.48% (2 points per Rs. 100, 1 reward point = 0.53 InterMiles) on all other spending categories. As a result, this card is ideal for cardholders seeking a cashback travel card to exclusively use on travel spending.

Read Our Review

  • Annual Fee: 499
  • Earn Rate: 10% Cashback on all travel bookings (Rs. 250 cap on domestic flights, Rs. 750 cap on international flights and Rs. 1,000 cap on hotel bookings—this cashback is applicable 12 times per calendar year and max 4 times a month), 4 points per Rs. 100 spent on Yatra travel bookings, 2 points per Rs. 100 spent on all other spending categories
  • Cashback requirement: To receive this cashback the flights must be roundtrips and the hotel booking has to be at least 3 nights with a minimum booking price of Rs. 4,000.
  • Est. Point Value: 1 point = 0.53 InterMiles = ~ Rs. 0.24
  • Travel Perks: Waivers on flight cancellation fees for all tickets booked on the Yatra platform
  • Fuel Surcharge Waiver: Fuel surcharge waiver of 1% across India (maximum waiver of Rs. 150)
  • Receive dining and shopping discounts through the Standard Chartered Good Life Programme
  • Annual Fee: 499
  • Earn Rate: 10% Cashback on all travel bookings (Rs. 250 cap on domestic flights, Rs. 750 cap on international flights and Rs. 1,000 cap on hotel bookings—this cashback is applicable 12 times per calendar year and max 4 times a month)
  • Cashback requirement: To receive this cashback the flights must be roundtrips and the hotel booking has to be at least 3 nights with a minimum booking price of Rs. 4,000.
  • Est. Point Value: 1 point = 0.53 InterMiles = ~ Rs. 0.24
  • Travel Perks: Waivers on flight cancellation fees for all tickets booked on the Yatra platform
  • Fuel Surcharge Waiver: Fuel surcharge waiver of 1% across India (maximum waiver of Rs. 150)
  • Receive dining and shopping discounts through the Standard Chartered Good Life Programme

Best Premium Travel Credit Card for Affluent Individuals: JetPrivilege HDFC Diners Club Card

Consider this if you want unlimited lounge access and unlimited golf

Age Requirement 21-60 (65 if self-employed)
Annual Income Requirement None listed by issuer
Bonuses
  • Sign-up Bonus: 15,000 Intermiles (worth ~ ₹ 7,650); ₹ 1,000 voucher for return ticket; an extra 15,000 Intermiles on ₹ 150,000 of spend within first 90 days
  • Renewal Benefit: 10,000 Intermiles (worth ~ ₹ 5,100); ₹ 750 voucher for return ticket

The JetPrivilege HDFC Bank Diners Club Credit Card is the best premium travel credit card on the market for use on the InterMiles platform due to its excellent reward value and fantastic perks. On card spend, you'll get an excellent 4.8% value back (16 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.51) on bookings through the Intermiles platform, and another 5% off base fare tickets. The rewards rate received for bookings done on Etihad Airways is 6.0% (20 Intermiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.51) with an additional 5% discount on economy tickets and 10% discount on business ticket purchases. Further, the card also performs very well for overall spending with a rewards rate of 2.4% (8 JPMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45).

On the perks side, the card is one of the few in India with unlimited lounge access, specifically to the Diners Club network (over 600 lounges globally). Its travel perks also include domestic airport premiere check-in and extra baggage allowance. The card also grants unlimited free golf games at 20 courses in India and 40 worldwide. The card's annual fees are easily offset by the welcome and renewal bonuses. If you're a fairly high spender, you'll also get additional intermiles after achieving certain spend thresholds. As a result, there may not be a more valuable premium card out there for InterMiles rewards.

Read Our Review

  • Annual Fee: Rs. 10,000 (first year), Rs. 5,000 (beyond first year)
  • Earn Rate: 8 points per Rs. 150 spent except fuel; 2.5x miles on Etihad bookings; 2x miles on Intermiles
  • Est. Point Value: 1 intermile = Rs. 0.51
  • Perks: Diners Club Lounge access (600+ lounges globally); unlimited free golf games (green fee waiver) at 20 courses in India & 40 worldwide; free golf lesson at select ranges in India; domestic airport premiere check-in & extra baggage allowance; dining discounts
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 1,000 waived per month
  • Annual Fee: Rs. 10,000 (first year), Rs. 5,000 (beyond first year)
  • Earn Rate: 8 points per Rs. 150 spent except fuel; 2.5x miles on Etihad bookings; 2x miles on Intermiles
  • Est. Point Value: 1 intermile = Rs. 0.51
  • Perks: Diners Club Lounge access (600+ lounges globally); unlimited free golf games (green fee waiver) at 20 courses in India & 40 worldwide; free golf lesson at select ranges in India; domestic airport premiere check-in & extra baggage allowance; dining discounts
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 1,000 waived per month

Best Premium Card for Hotel Benefits: Citi Prestige Credit Card

Consider this if you have Citigold Private status or you're a very high spender

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses
  • Welcome Gift / Renewal Bonus: 10,000 air miles (worth about Rs. 4,500) and vouchers worth Rs. 10,000 from Taj Group or ITC Hotels

The Citibank Prestige Card offers some of the most valuable perks in India, but note that you must be a very high spender or have Citigold Private status for its rewards to outweigh the required annual fees. The card offers excellent annual bonuses of ~Rs. 14,500 in value (10,000 miles + Rs. 10,000 in Taj/ITC vouchers), as well as great 1.8% value back on all domestic spend (1 point per Rs. 100; 1 point = 4 miles = ~Rs 1.8). On overseas spend, you'll earn double that rate.

The card's perks might be unbeatable, with unlimited free visits to Priority Pass lounges, a free night at any hotel across the world if you stay 4 nights, and free golf games & lessons. If you can spend enough on the card or have Citigold Private status, this could be the premium choice for you.

Read Our Review

  • Annual Fee: Rs. 20,000, waived for Citigold Private (account > Rs. 5 lakhs)
  • Earn Rate: 1 point/Rs. 100 spent in India, 2 points/Rs. 100 overseas
  • Point Value: 1 point = 4 miles (~Rs. 1.8) on 14 major airlines
  • Perks: Unlimited free Priority Pass, primary & supplementary cardholders (800+ airports, guest fee of USD 27); stay 4 get 1 night at any hotel; 1 year Taj Epicure Plus/InnerCircle Silver; 3 free green fees; 4 free golf rounds & lessons each year at 15 clubs; air accident cover Rs. 5 crores; overseas medical insurance; emergency cash if card lost
  • Fuel Surcharge Waiver: Transactions at Indian Oil on Citi EDCs
  • Annual Fee: Rs. 20,000 - waived for Citigold Private (account > Rs. 5 lakhs)
  • Earn Rate: 1 point/Rs. 100 spent in India, 2 points/Rs. 100 overseas
  • Point Value: 1 point = 4 miles (~Rs. 1.8) on 14 major airlines
  • Perks: Unlimited free Priority Pass; stay 4 get 1 night at any hotel; 1 year Taj Epicure Plus/InnerCircle Silver; 3 free green fees; 4 free golf rounds & lessons each year at 15 clubs; air accident cover Rs. 5 crores; overseas medical insurance; emergency cash if card lost
  • Fuel Surcharge Waiver: Transactions at Indian Oil on Citi EDCs

Best Premium Credit Card for Air India: Air India SBI Signature Card

Consider this if you are looking for a great miles card and fly Air India

Age Requirement 21-60
Annual Income Requirement None listed by issuer
Bonuses
  • Welcome Gift: 20,000 Reward Points (worth about Rs. 9,000)
  • Renewal Bonus: 5,000 Reward Points (worth about Rs. 2,250)
  • Anniversary Bonuses: Spend Rs. 5 lakh for 20,000 points, Rs. 10 lakh for an additional 30,000 points and Rs. 20 lakh for an additional 50,000 points (worth about Rs. 45,000 total)

The Air India SBI Signature is a great premium card for a wide range of people, but very high spenders won't find a better one out there for Air India rewards. The bulk of its value comes from bonuses, including the 20,000 point (worth ~Rs. 9,000 in Air India miles) welcome gift. Ultra-high spenders will further benefit from the anniversary bonuses of up to ~Rs. 45,000 in value. On card charges, you'll receive top-of-market 13.5% value back on Air India bookings for yourself (30 points per Rs. 100 spent; 1 point = Rs. 0.45), and you'll get excellent 4.5% rupee value back (10 points per Rs. 100) booking for others. Other category spend earns great value of 1.8%, too (4 points per Rs. 100).

On perks, the card gives a very good 8 free domestic lounge visits per year under the Visa program. You'll also receive a complimentary Priority Pass membership, but only on a USD 27 pay-per-visit basis. Bottom line, if Air India fills your travel needs, get this card for the best rewards in the market.

  • Annual Fee: Rs. 4,999
  • Earn Rate: 30 points per Rs. 100 spent on Air India for yourself; 10 points per Rs. 100 spent on Air India for others; 4 points per Rs. 100 on all other spend
  • Estimated Point Value: 1 point = 1 Air India mile = Rs. 0.45
  • Perks: Visa Domestic Lounge Program (8 free visits/year, max 2/quarter; lounges across 6 major cities), free Priority Pass membership (USD 27 charged/visit), Air India tier upgrade benefits
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 4,000; max Rs. 250 per month
  • Annual Fee: Rs. 4,999
  • Earn Rate: 30 points per Rs. 100 spent on Air India for yourself; 10 points per Rs. 100 spent on Air India for others; 4 points per Rs. 100 on all other spend
  • Estimated Point Value: 1 point = 1 Air India mile = Rs. 0.45
  • Perks: Visa Domestic Lounge Program (8 free visits/year, max 2/quarter; lounges across 6 major cities), free Priority Pass membership (USD 27 charged/visit), Air India tier upgrade benefits
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 4,000; max Rs. 250 per month

Best Premium Credit Card for Shopping: Snapdeal HDFC Bank Card

Consider this if you're a big online shopper on Snapdeal

Age Requirement 21-60 (65 if self-employed)
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Welcome Gift: Snapdeal Vouchers worth Rs. 2,250 (Rs. 2,000 in direct vouchers, 500 points redeemable for Rs. 250 in vouchers)
  • Promotion: 20 points per Rs. 150 spent (6.7% rupee value back) & 5% discount on Snapdeal spend - expires March 31st, 2019

The Snapdeal HDFC Credit Card is the best premium credit card if you want a big return on your online shopping, as well as your travel spend. It has a good welcome bonus of Rs. 2,250 in Snapdeal vouchers, but most of the card's value comes from its fantastic 11.67% rupee value back on Snapdeal (5% instant discount + 20 points/Rs. 150 spent; 1 point = Rs. 0.50 Snapdeal vouchers). You'll also get excellent 6.67% rupee value back on HDFC's SmartBuy, with 20 points per Rs. 150 spent on travel, Amazon and Flipkart, among other options. Last, you'll earn an average 0.67% rupee value back on all other spending (excluding fuel). If you want top-of-market rewards on shopping as well as great travel value, get this card.

  • Annual Fee: Rs. 500 (spend Rs. 150,000/year & waive next year’s fee)
  • Snapdeal: 20 points/Rs. 150 spent, 5% discount (min transaction Rs. 150, max 10,000 points/mo., max Rs. 500 discount/mo.) - through Mar 31, 2019
  • Other Rates: 20 points/Rs. 150 on SmartBuy (travel, Amazon, Flipkart); 2 points/Rs. 150 on all other (min transaction Rs. 150)
  • 1 point = Rs. 0.50 Snapdeal
  • Perks: Accidental Death Insurance (Rs. 50 lakhs), Fire & Burglary protection
  • Fuel Surcharge Waiver: Transactions Rs. 400-5,000, max waived Rs. 250/month
  • Annual Fee: Rs. 500 (spend Rs. 150,000/year & waive next year’s fee)
  • Snapdeal: 20 points/Rs. 150 spent, 5% discount (min transaction Rs. 150, max 10,000 points/mo., max Rs. 500 discount/mo.) - through Mar 31, 2019
  • Other Rates: 20 points/Rs. 150 on SmartBuy (travel, Amazon, Flipkart); 2 points/Rs. 150 on all other (min transaction Rs. 150)
  • 1 point = Rs. 0.50 Snapdeal
  • Perks: Accidental Death Insurance (Rs. 50 lakhs), Fire & Burglary protection
  • Fuel Surcharge Waiver: Transactions Rs. 400-5,000, max waived Rs. 250/month

Best Premium Credit Card for Dining & Entertainment: Kotak Delight Platinum Credit Card

Consider this if you find yourself spending on dining and entertainment

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Anniversary Bonus: Spend ₹ 125,000 every 6 months and get ₹ 750 cashback or 4 free PVR tickets

The Kotak Delight Credit Card is a great premium option to use on dining and entertainment. The card offers the highest dining and entertainment cashback rate of all cards in our review at 10%. However, to redeem these rewards you are required to be a high spender, to redeem this great cashback the cardholder must spend Rs. 10,000 each month on categories other than dining and entertainment (no other categories earn rewards for this card). Still, the card offers a solid anniversary bonus of Rs. 750 (or 4 free PVR tickets) after exceeding a spend amount of Rs. 125,000 each month. The Kotak Delight Credit Card is a great card for high spenders that seek a dining and entertainment card.

  • Joining Fee: Rs. 1,999
  • Annual Fee: Rs. 299
  • Reward Earn Rate: Spend a minimum of Rs. 10,000 monthly on categories other than dining and entertainment and earn 10% cashback on dining (stand-alone outlets) and movies (max transaction Rs. 4,000, max Rs. 600 cashback/month)
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000 (max Rs. 4,500 waived/year)
  • Joining Fee: Rs. 1,999
  • Annual Fee: Rs. 299
  • Reward Earn Rate: Spend a minimum of Rs. 10,000 monthly on categories other than dining and entertainment and earn 10% cashback on dining (stand-alone outlets) and movies (max transaction Rs. 4,000, max Rs. 600 cashback/month)
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000 (max Rs. 4,500 waived/year)

Best Premium Credit Card for Taj Hotels: American Express Platinum Travel Card

Consider this if you spend at least Rs. 400,000 on your card

Age Requirement 18+
Annual Income Requirement Rs. 600,000
Bonuses
  • Welcome Gift: Travel vouchers worth Rs. 4,000 on spend of Rs. 5,000 in first 60 days
  • Anniversary Bonus: Rs. 7,770 in travel vouchers on annual spend of Rs. 190,000; additional Rs. 11,800 vouchers + Rs. 10,000 Taj Hotels voucher on spend of Rs. 400,000

The American Express Platinum Travel Credit Card is one of the best premium card's on the market for its travel-related anniversary bonuses. These include nearly Rs. 30,000 in travel and Taj Hotels vouchers, assuming you can clear Rs. 400,000 in spend. On all spend outside of fuel, utilities and insurance, you'll earn a relatively high 0.88% value back on all your card charges (1 point per Rs. 50 spent; 1 point = ~ Rs. 0.44), or slightly more if you redeem for travel vouchers (0.92% back). Note that you must redeem points in either increments of 24,000 points or 18,000 points, and you have the options of cash, travel vouchers, Amazon vouchers or InterMiles at varying rates of redemption.

On the perks side, you'll get 4 free visits per year (max 1 per quarter) to domestic airport lounges. Get this card for its excellent monetary value and Taj perks, assuming you can earn the travel-related anniversary bonuses.

Read Our Review

  • Annual Fee: Rs. 3,500 1st year, Rs. 5,000 thereafter
  • Reward Earn Rate: 1 point per Rs. 50 spent except fuel, utilities and insurance
  • Point Value: 24,000 points = Rs. 10,000 cash credit or Rs. 11,000 travel voucher; 18,000 points = Rs. 7,500 cash credit or Rs. 8,000 Amazon voucher; 2 points = 1 JPMiles (= ~Rs. 0.45)
  • Perks: 4 free visits/year (max 1/quarter) to 11 domestic airport lounges
  • Fuel Surcharge Waiver: HPCL transactions < Rs. 25,000
  • Annual Fee: Rs. 3,500 1st year, Rs. 5,000 thereafter
  • Reward Earn Rate: 1 point per Rs. 50 spent except fuel, utilities and insurance
  • Point Value: 24,000 points = Rs. 10,000 cash credit or Rs. 11,000 travel voucher; 18,000 points = Rs. 7,500 cash credit or Rs. 8,000 Amazon voucher; 2 points = 1 JPMiles (= ~Rs. 0.45)
  • Perks: 4 free visits/year (max 1/quarter) to 11 domestic airport lounges
  • Fuel Surcharge Waiver: HPCL transactions < Rs. 25,000