10 Best Credit Cards for High Net Worth Individuals

The modern era involves more use of non-cash modes of payments where credit cards have become one of the most common means. They have become a part of our everyday lives and our necessities. Different financial institutions bring diverse offers on their credit cards some under a competitive category and some being premium. The premium cards have a high joining fee and the credit limit and are entirely suitable for high net worth individuals. Let us find out at loanbaba.com about the 10 best credit cards for HNI offered:

1. American Express Centurion 'black' Card

This is an exclusive card providing a status symbol to the users. It is for only the rich and famous people of the country and can be issued through invitations only. The joining fee for this card is Rs. 2.5 lakh to be paid once. The annual fee further costs Rs. 2 lakh. The major attraction of the card is its formation that is made up of titanium. It is a well-known card accepted throughout the world and consists of no spending limit.

2. American Express Platinum Card

This is again a very premium card to hold and has attractive offers. Features and hni credit card benefits associating with this card are an entry (by invitation only) at events, fine dining deals, golf memberships and numerous other platinum offers. The users benefit with the card on international travel and stays too. The annual fee for the same is Rs. 50,000 with taxes. There is no spending limit letting the cardholder enjoy a fancy and a superlative lifestyle.

3. American Express Platinum Reserve Credit Card

American Express brings another top-class credit card option for the high-net-worth folks with tempting and impressive benefits. Right from wellness options to hotel stay benefits and special concierge services, one can avail amazing deals on the card.

4. Citibank Ultima Card

This is an invitation-only credit card primarily introduced for high net worth individuals. Citibank has appointed dedicated relationship managers who can handle issues regarding these cardholders' personal and lifestyle needs. They understand the users' choices and bring a customised programme for the individuals. Major features of this credit include easy access to the private islands and special concierge services.

5. Citibank PremierMiles Credit Card

This is exclusive for frequent high net-worth travelling individuals. Citibank offers best credit cards for wonderful travelling benefits with PremierMiles. It has numerous offers and miles one can collect on multiple transactions. There is no expiry date for these miles and can be redeemed at airlines like Etihad Airways, Qatar Airways, Thai Airways, Cathay Pacific, etc.

6. IndusInd Bank Indulge Card

Induslnd Bank offers a 22k gold piece credit card for its elite group of members. However, to avail this card, one has to go through a tremendous screening process where factors like payment history, lifestyle, expenses, etc. are considered before making one eligible for the card. The joining fee costs Rs. 1 lakh while Rs. 10,000 is the yearly payment one needs to make.

7. Standard Chartered Emirates Platinum Card

This is an Emirates Skywards rewards program introduced by Standard Chartered that enables its premium cardholders to earn attractive bonus points. These members have access to lounge memberships, travel insurance on every travel booked with the card.

8. SBI Signature Card

SBI offers a luxury credit card with numerous incredible features like large discounts on associated hotels and villas around the globe, Hertz Car Rental program at attractive rates, entry to the best golf courses and many more shopping benefits in the country. SBI also offers loans for travels.

9. RBL Platinum Maxima Card

Ratnakar Bank Limited has launched a Platinum Maxima Card for its premium members with high net worth. This card can be used to avail dining as well as entertainment services within the country as well as abroad.

10. HDFC Diners Club International Credit Cards

HDFC brings premium, black and rewards Diners Club International Credit Cards loaded with astounding benefits. On requires paying a yearly membership fee of Rs. 20,000 plus taxes while renewal fee demands a payment of Rs. 10,000.

Top Premium Cards and Annual Fees

Card Annual Fees
American Express Platinum Card Rs.50,000
American Express Centurion Black Card In the range of Rs.2 lakh
Standard Chartered Emirates Platinum Card Rs 13,999 (Second year onwards)
HDFC Diners Club International Black Card Rs.20,000 (First year)
American Express Platinum Reserve Card Rs.5000 (First year) and Rs.10,000 (Second year onwards)
IndusInd Bank Indulge Card Rs.10,000
Citibank PremierMiles Credit Card Rs.3000 (Second year onwards)
SBI Signature Card Rs.4999 (Second year onwards)
RBL Platinum Maxima Card Rs.2000 (Second year onwards)

Some credit cards are meant only for invite only individuals and cannot be availed through applications. However, the rest are obtainable on stern eligibility criteria. The individual's earnings, monthly expenses, spending pattern, credit history and score are some major factors that are determined before awarding the opportunity to gain premium credit cards.

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