5 Best Super Premium Credit Cards in India for HNI

By | March 9, 2017

India is home to the 4th largest population of millionaires in the Asia Pacific region, with over 2 Lakh+ such High Networth Individuals (HNI) in the country. While you might wonder what makes one HNI, there is no standard put forth for the classification as the definition of HNIs varies with the geographical area.

Who’s HNI? Wikipedia says, individuals with financial assets (excluding their primary residence) with a value greater than US$1 million are considered as HNI. In Indian context, individuals with over Rs.20 Lakh in surplus/savings or Rs.6 Cr in assets “maybe” considered as HNI.

Super Premium Credit Cards in India

India’s Best Super Premium Exclusive Credit Cards

So banks are willing to offer special Travel & Lifestyle privileges to such HNI’s which means access to premium customers who are likely to spend a lot on Travel, shopping and more.

More you spend = More Profit to Bank = Makes sense for Bank’s to offer you Privileges like Free Lounge Access

The income criteria is set high for most super premium exclusive cards primarily for a reason: to make sure the customer has the capacity to manage the high limit and also has the ability to spend more. Here are some of India’s best super Premium credit cards with unique features and good value proposition:

  1. HDFC Diners Black
  2. HDFC Infinia
  3. Citi Bank Prestige
  4. Yes Bank Exclusive Credit Card
  5. Amex Platinum Charge Card

#1 HDFC Bank Diners Club Black Credit Card

With its lucrative 10X reward points program, its undoubtedly the #1 Credit card in India as of now. The 10X Program ends by March 2017 and maybe renewed for next year. Even without the 10X points, it comes with a 3.3% reward rate by default on all retail txn’s which is good enough. The Points can be redeemed for flights, recharges, etc.

My HDFC Diners Club Black Credit Card (India)

Only downside though is lower acceptance of Diners cards in India compared to Visa/MC, which means, you have to keep a backup card handy. A Good relationship value with the bank + high spends + high limit (5L+) on existing card may help you get approved for this card.

#2 HDFC Bank Infinia Credit Card

HDFC’s most Prestigious Infinia Credit Card comes with a credit limit of Rs 10 Lakhs and above and the unique NPSL* (No Pre-set Spending Limit) feature makes it stand out. Apart from that, it comes with Unlimited Lounge access for primary and secondary card holders via Priority pass program with 3.3% reward rate by default which makes it one of the most desired credit cards to hold in India.

The 5X rewards program are getting popular these days with HDFC which increases the reward rate to 16.5% with selected partners.

With sky high income level expectations, getting approved for Infinia as a fresh card is pretty tough and you want to be a truly HNI for them to consider giving you one. If you’re upgrading, a very high credit limit(8L+) + very high spends on existing card + good enough income may help.

#3 Citi Bank Prestige Credit Card

There are very few who hold this card in India, primarily because of the resistance with high joining fee. Redeeming the points for Airmiles and hotel loyalty programs is its unique feature. Also, with Unlimited Lounge Access via priority pass for primary and 4 Add-on cards makes it worth a lot.

If you are planning / doing trips in APAC, this card can help you save a decent amount (Hotel+ lounge+ Limo). This card is for someone who wants to spend on experiences than saving money.

#4 Yes Bank Exclusive Credit Card

Yes Bank is a new Entrant in credit card space by 2016, eyes #3 slot in 4 years and so they’re very aggressive in acquiring customers. With Yesbank Exclusive credit card, you get almost all of the features that you get with HDFC Infinia, especially the Unlimited Lounge access on primary and add-on card holders.

This card has one of the lowest Finance charges on revolving balance, as low as 1.20% per month (for YES BANK account holders) which is incredible.

It’s easy to get approved by Card-on-card basis these days as long as you have 5L+ Credit limit on your any other credit card. On top of that, its issued as Lifetime free for a limited period. Its a must have card if you’re looking for International Lounge Access.

#5 Amex Platinum Charge Card

Amex is known for its excellent customer service and with American Express Platinum Charge card, you can avail “Do Anything” Platinum Concierge services which helps you save a lot of time in planning your trip if you travel often. It also gives you access to ‘By Invitation Only’ Events and Complimentary membership to top tiers in hotel/Airline loyalty Program.

You get Unlimited Priority Pass lounge Access for Primary + one Add-on card older. Apart from this, you get access to: Delta Sky Club international lounges as well with direct card swipe.

Amex Platinum Charge Card (India)

As you can see, its for the affluent few and introduces you to the world of luxurious hotels, brands and much more. Its the card that most Bollywood celebrities hold with limits as good as 20Lakhs or so. Umm, kind of dream world it is 😀

  • Annual Fee: Rs.50,000+tax
  • Welcome Bonus: Some of them seems to get Rs.40,000 worth of Taj voucher as welcome bonus, though not mentioned anywhere on the website.

Looking at the card Benefits, you can see that each of the super premium credit card is unique in its own way. Most of them are famous for its extraordinary reward rate and Travel perks, like international lounge access.

Which is your favorite super premium credit card and why? Share your views in comments below.

29 thoughts on “5 Best Super Premium Credit Cards in India for HNI

  1. Urluck

    Is it true for HDFC Infinia and Dinners black card, your IT Return must be more than 30 lacs or so ?
    This cards are lifetime free or with annual fees ??

    Reply
    1. Siddharth Post author

      Yes in that range, i guess 45L for Infinia, these are for fresh cards. Upgrades are processed even at low ITR, but relationship value has to be good enough as mentioned.
      Diners Black maybe given LTF, but Infinia i don’t think so.

      All depends on the customer profile, based on which they may relax the fees.

      Reply
  2. Abhishek Roy

    It’s always great to see these cards. Flashing these cards in the lounges gives you a sense of little pride. That sense of respect that you get from the bank when you say you’re already using their best credit card. It took us time and a lot of patience but yes, we now own two among those best 5. I keep smiling when I look back now. 🙂

    Reply
  3. Majumdar

    Sid/Others,

    For Infinia I believe it is much more stringent. They need take home salary (less bonuses) of Rs. 3.5 L per month. For DCB it is Rs. 1.75 L pm.

    Regards

    Reply
  4. BIPIN KUMAR

    I m using HDFC regalia, how can I upgrade to INFINIA?

    Reply
  5. Sateesh guptha

    Hi
    My annual income is 16.8lpa. At present i had hdfc regalia and amex membership rewards card. Both are life time free. Im looking for another good card. Pls suggest best credit card for me.

    Reply
  6. Dr. Ananth Prabhu G

    Happy to Have HDFC Infinia. Been using it for the last 2 years. Its one of the best credit cards. Period.

    Reply
  7. Himanshu Jain

    Hi guys I suggest to have to cards .

    1 ) yes bank preferred

    Spends as much as you can on this card only as point conversation is very good which is 2 %

    And if you are able achieve 7.5 lakh it’s you get bonus point worth 5000 RS which become 2.6 %

    Which is as high as any other it’s also allow points on wallet loading like Paytm , MobiKwik.

    So you pay fuel by Paytm and MobiKwik earn cash back of 0.75 % as well as 2.6 % = 3.35 % which is unmatchable .

    2 ) hdfc regalia in signature variant used this for sharing priority pass with your partner and use for flight ticket if there 10- 15 % hdfc card .

    As yes preferred only give priority pass for primary holder and hdfc 6 entry for both

    I suggest to have one signature and one master card for everyone .too many card is mess and no use .

    If you can get both these card you get every thing available in market .

    1 ) total 4 + 6 priority pass which you can share with your partner equally.
    2 ) get 2.6 % reward return
    3 ) rewards on fuel by paying thru wallet
    4 ) buy 1 get 1 book my show
    5 ) lounge access domestic

    And finally do have idfc signature debit card can take care of movie expenses open join account and get 2 debit card . In same account .make fd deposit account @ 7.75% on 366 days

    Regards
    Himanshu Jain

    Reply
  8. Mohit Jain

    Hey Siddharth
    I would like to begin by congratulating you on having such insightful information about credit cards in India. I want to pick your brains on few thoughts I have regarding my Credit Card profile. To give you a brief review of my overall profile:-
    • Current card holdings
    o HDFC Regalia – Credit limit 6.07L- 0 Annual Charge (I am a preferred customer with HDFC bank and all my
    credit cards are lifetime free)
    o AMEX Gold Charge card – Last reported official support on my Card – 4.15L ( Never paid annual fees in my 6
    year tenure)
    o CIBIL : 818 (Down from 835 last year)
    o Total Annual spend on Credit cards : 24L+ ( Will increase it to 36L next year onwards)
    o I would want to stick to 2 Credit cards throughout ( keeping in mind on not to dent my Cibil score and also
    not to dilute my spends on multiple cards)
    • Target
    o Long term
     AMEX Black card by the age of 45yrs (Currently 32yr old)
    o Short-er Term (3 years)
     Card with enough points to travel return business class (for a couple) at least once a year.
     Points don’t expire (or gives reasonable amount of time to redeem)
    o Willing to pay any annual fees as long as I am able to get value out of it.
    • Current strategy
    o Use my relationship with my bank, HDFC to increase my limit to 8.0L+ in 2 years. Then hoping to get an invite for HDFC Infinia.
    o This would bring me on top of the ladder with HDFC and then I can focus on AMEX.
    o Once I have HDFC Infinia, I might pursue AMEX for AMEX Platinum Charge Card.
    o Then sit on it for about 5-7 years and have good spends on it.
    o Hoping to get an invite for the BLACK card post that.
    Kindly let know on what you think about this. Also, I would be happy to know any better/faster way to climb up the ladder and get those free miles. Keep up the good work.
    Cheers!!

    Reply
    1. Siddharth Post author

      That sounds to be a nice plan. But it doesn’t work like that to certain extent. In next 5 years Credit cards in India will have a radical change, so there are many chances of New super premium cards in other banks as well.

      Coming to the point, For biz class tickets, you need to start exploring Jet Airways credit cards. For other benefits, you’re already on the right article 🙂

      Reply
      1. Mohit Jain

        Hey Siddharth
        A quick update on my situation:
        • HDFC Regalia stopped giving points for spends on e-wallets. I have a monthly spend of about Rs 2L on PayTm for utilities. Believe it or not – I was actually redeeming my points for a DEL-BDQ return fair every other month. Almost 24k worth of free flight tickets annually.
        • Amex Gold Charge card also doesn’t give points for e-wallets loading. In fact that’s true for entire range of Amex Cards in India.
        Going forward, what is the best way to accumulate points for my annual spend of almost Rs 30L on utilities.
        • Would the spending count towards the annual milestone spending of some cards? Or utility payments Via CC are pretty much worth less now.
        • Any other premium card that still offers points for spend of utilities via e-wallets? Or the happy days are gone? 

        Reply
    2. Captain Bishuddha Bharatiya

      Wow Mohit you are an amazing person. You already have great credit lines. You should try to get some more cards.
      1. How much credit limit you got when you first started with HDFC ?
      2. How many times your credit limit was increased and by how much ?

      Reply
      1. Mohit Jain

        Sir
        Kindly see below
        1. I started with HDFC premium plus (My first ever CC) with Credit limit of 75k. With great credit discipline I was upgraded to my current status.
        2. The limit was mainly increased every 2 years, with the most recent being about 6 months ago. The jump in credit limit has over 1.5 lacs almost every time. I have never requested for an increase in limit but was always offered.

        Reply
    3. Ankur Mittal

      Having more cards doesn’t hurt your CIBIL score. I have infinia, diners black, yes first exclusive, ICICI jet sapphiro, citibank premiermiles, SBI elite, PNB and indusind card and still my CIBIL score is 844.

      Ankur

      Reply
      1. Praveen Perumalla

        Awesome, Ankur. You’ve covered all the providers 🙂

        Reply
      2. Captain Bishuddha Bharatiya

        Outstanding collections Ankur.
        How much limit you have in each cards ?

        Reply
      3. Bhairav

        Infinia and Diners Black both? Since when did HDFC issue 2x Super Premium cards to one customer?

        Reply
        1. Ankur Mittal

          The limits are 8 and 4 lac. Regarding issuing both the top cards, it depends on how much business you do with the bank.

          Reply
          1. Captain Bishuddha Bharatiya

            Ankur thanks a lot for your reply.
            I have annual business income Rs. 4 lakhs and currently I have HDFC Regalia First ( 1.8 lakhs limit ). Do you think peoples like me who don’t have home, cars, two wheelers, business ,etc. loans with HDFC and who just only have saving account and 50k monthly card spends can get Diners Black or Infinia in future ?

      4. Mohit Jain

        Sir
        I am always a big advocate of less is more. It’s only finite amount of expenses I can put on my cards every month (assuming each spent is done with keeping rewards points in mind). I’d rather put it on just a few and avail compounding benefits. But, yes maybe you are right; it shouldn’t affect the CIBIL directly. Also, since you are like a supermarket of cards, could you guide me on the best one which still gives away points for Utilities payment via e wallets?
        Thanks much!

        Reply
  9. Neo

    Will the people holding all these cards with such fantastic limits care to elaborate what they do for a living? You guys are making us lesser mortals envious!! 🙂

    Reply
  10. PUNEET

    I have HDFC MONEY BACK CARD WITH LIMIT 3.60LAC from 2015
    NOW HOW CAN I GO FOR HDFC DINNERS REWARDZ OR REGALIA CARD need any card related to movie ticket or airport lounges

    Reply
  11. Shiladitya

    I have applied for yes bank first exclusive card based on my salaried income.
    I got a call within few mins of application which I was unable to take.
    So, asked the executive to call tomorrow.
    Will keep all posted on the process but seems like they are super eager to get new customers

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *