Best Premium Credit Cards in India: 2023

This list is for cards that offer reward points along with some lifestyle benefits. These are offered to individuals with a higher salary eligibility criteria (preferably > Rs 6 Lakhs per annum) and may have a higher fee that might not have waiver criteria. Lifestyle benefits with better rewards than entry-level credit cards will be provided by the cards in this segment.

IDFC First Bank Wealth

IDFC First Wealth may not offer the same level of high rewards as some of its competitors on this list, but it distinguishes itself by being a Lifetime Free (LTF) card with no hidden strings attached. Despite its LTF status, it provides cardholders with the opportunity to earn up to 2.5% rewards, along with a host of valuable benefits. Among these complimentary perks are access to railway lounges, roadside assistance, and even the luxury of airport spa access. As expected, it also includes both domestic and international airport lounge access, making it a well-rounded choice for those seeking a credit card with a balanced blend of rewards and benefits.

Joining and Annual Fee: NIL (Lifetime Free – LTF)
Rewards: Up to 2.5%
Rewards Redemption: Statement Credit, Gift Vouchers
Notable Features: Complimentary airport spa and railway lounge access

HDFC Bank Regalia Gold

Regalia Gold marks HDFC Bank’s latest addition to their credit card portfolio. It stands out as an upgraded version of the Regalia/Diners Club Privilege, with even more attractive milestone benefits. While the base reward rate may appear modest, HDFC Bank enhances the card’s appeal with SmartBuy and various spending offers that can significantly boost your overall returns. If you have the opportunity to obtain Regalia Gold, particularly if it comes with a Lifetime Free (LTF) offer, it’s a wise move. Holding onto this card can pave the way for a future upgrade to HDFC’s super-premium credit card, making it a strategic choice for savvy cardholders looking to secure their spot in the bank’s top-tier credit card offerings.

Joining/Annual Fee: LTF with spend conditions or Rs 2500+GST
Rewards: 1.3% to 13.3%
Best Rewards Redemption Options: Smartbuy Flights/Hotels, Airmiles transfer
Annual Fee Waiver: Rs 3 Lakhs spend for paid cards (not applicable for LTF)
Notable Features: Good milestone benefits, Complimentary International Airport Lounge Access

Amex Gold Charge

The Amex Gold Charge card stands out as an exception in this list, as it is not a traditional credit card but a charge card. However, it’s definitely worth considering this card for its exceptional milestone benefits and a wide array of enticing offers. While it doesn’t operate like a typical credit card with a revolving credit line, its unique features and rewards structure make it a compelling choice for those who can leverage its benefits effectively.

Joining Fee: Rs 1000+GST
Annual Fee: Rs 4500+GST
Rewards: 1% to 2.5%
Best Rewards Redemption Options: 18/24 Karat Gold Collection, Marriott Bonvoy Points Transfer
Annual Fee Waiver: Varies every year with different offers
Notable Features: Charge Card will give you a higher spending limit

Tata Neu Infinity HDFC Bank Credit Card

The Tata Neu Infinity HDFC Bank credit card is considered one of the underrated options today. The Rupay variant is known for being a good UPI card, but it is recognized for doing much more. Up to 10% NeuCoins can be earned and more through promotional offers on the Tata Neu app.