Latest news with #EmeraldeCreditCard
Mint
25-06-2025
- Business
- Mint
Premium credit cards charge over ₹12K as annual fee. Is it worth paying that much?
Premium cards usually bear a high annual fee. In comparison to the free cards or the ones with a fee lower than ₹ 1,000, premium cards are typically quite expensive. Some of these cards tend to charge a fee to the tune of ₹ 12,000 or higher. Is this, therefore, worth getting a premium card? Well, why not? This is fine so long as the services these cards offer and discounts they give make up for the fee. Some of the premium credit cards offer a range of services which include access to golf, special clubs, international lounges, 24X7 concierge service. Let us first give a lowdown on an indicative list of premium credit cards in India. ICICI Bank Emeralde Credit Card: The card offers a range of features including access to most iconic golfing greens in India and around the world. It also offers unlimited access to lounges in domestic and international airports. Axis Bank Magnus Credit Card: This card charges ₹ 12,500 and provides what is known as 'extraordinary weekends' that entails golf lessons, airport concierge service and airport transfer. HDFC Bank Infinia Credit Card (Metal Edition): This card charges ₹ 12,500 annual fee plus taxes. It offers personal concierge services, complimentary Club Marriott membership, offering up to 20 per cent discounts for dining as well as stay. Whether paying an annual fee upward of ₹ 10,000 is reasonable or not depends totally on the cardholder's profile and their lifestyle. For instance, most of the services mentioned above will typically align with a frequent traveller or a golf lover. So, if you love to travel to places in India and abroad, then being able to access lounges at airports worldwide makes a lot of sense. On the other hand, if your work does not require you to travel a lot then ability to access lounges and concierge service is irrelevant. This would, invariably, remain a service that you might have access to but do not use it in your day-to-day life. Likewise, HDFC Bank Infinia Credit Card (Metal Edition) offers Club Marriott membership and ICICI Bank Emeralde Credit Card provides access to iconic golfing will surely be useful to those cardholders who love to play golf and are accustomed to luxurious lifestyles. Otherwise, this is a service you do not need to pay for. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. For all personal finance updates, visit here
Mint
18-06-2025
- Business
- Mint
What are the premium credit cards? Are they issued only to a select few? Know details here
As a credit card user, have you ever felt the urge to keep a card which is exclusive and special. What if the card gives you access to some special events or exclusive offers? Sounds tempting? Isn't it? These offers are typically given only on some premium credit cards which are cut above the rest. These are not regular vanilla cards with the same boring offers of small discounts on online shopping or reward points. These cards are exclusive and give special offers. There is a surprise, though! These cards could be invite-only or charge a high annual fee. Premium credit cards refer to the cards offered by top banks only to a select few customers falling in the high-income bracket. These cards typically charge a higher annual fee for two reasons: a fair price for the premium services they offer. And to make them exclusive enough for the customers in the high-income bracket. The range of services which these cards provide include access to golf, special clubs, international lounges, 24X7 concierge service. These are some of the premium credit cards offered by top banks ICICI Bank Emeralde Credit Card: This card is given to the applicants who have more than ₹ 1.5 lakh monthly income. The card offers several special features including access to most iconic golfing greens in India and around the world. It also offers unlimited access to lounges in domestic and international airports. Axis Bank Magnus Credit Card: This card charges ₹ 12,500 and provides what is known as 'extraordinary weekends' that entails golf lessons, airport concierge service and airport transfer. HDFC Bank Infinia Credit Card (Metal Edition): This card charges ₹ 12,500 annual fee plus taxes. It offers personal concierge services, complimentary Club Marriott membership, offering up to 20 per cent discounts for dining as well as stay. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. For all personal finance updates, visit here
Mint
17-06-2025
- Business
- Mint
4 best credit cards with hotel or travel partnerships; check the full list here
Do you love to travel and eat out at hotels? If yes, you can subscribe to a credit card which has a strong partnership(s) with airlines, a premium hotel or a chain of hotels. There are some credit cards which offer a range of benefits to travellers such as reward points, airmiles & discounts, among others. Here, we give a lowdown on travel credit cards, which provide special features, discounts and complimentary stays. These are some travel cards with which have a strong hotel or travel partnerships. I. HDFC Infinia / HDFC Diners Club Black: This card allows cardholders to stay for 3 nights, while you pay for two at the participating ITC hotels. The card also offers complimentary Club Marriott membership for first year that offers up to 20 percent discount for dining and stay across Asia-Pacific region. II. ICICI Bank Emeralde Credit Card: This card allows you to get a refund of up to ₹ 12,000 for a maximum of two transactions every year on any flight/ hotel/ movie booking cancellation. The card also gives unlimited complimentary access to select lounges at airports in India. III. Marriott Bonvoy HDFC Bank Credit Card: This card provides complimentary Marriott Bonvoy Silver Elite Status. This leads to one free night award and 10 Elite Night Credits on first eligible spend transaction or fee levy on the card. IV. Axis Bank Atlas Credit Card: This card does not have any special partnership and projects itself as an airlines agnostic travel card. This is designed to benefit on every travel one undertakes. On cc, the card offers 5 Edge miles per Rs100 spend. The card also offers 2 edge miles on other spends. These are some of the reasons for opting for cards with special partnerships: A. One gets to claim complimentary hotel nights or upgrades. B. This leads to faster loyalty status with hotel chains. C. The partnership often means higher reward value when redeeming for stays. D. These cards offer exclusive discounts and dining benefits. Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
