The rewards structure is a major factor when comparing premium credit cards and basic credit cards. Premium options are tailored for higher spenders, offering more points or cashback in specific categories.
Shopping
Premium cards may provide up to 10X reward points on select online platforms, luxury brands, or international purchases. For example, HDFC Bank Infinia Credit Card offers 10X points on SmartBuy, while basic cards usually offer 1X or 2X points on all spends.
Dining
Premium credit cards often include exclusive dining discounts, complimentary buffet offers, or bonus points on weekend dining. Basic credit cards, meanwhile, might offer a flat 5% cashback or reward points at partner restaurants.
Travel
Travel is where premium cards stand out. They offer accelerated air miles, free hotel nights, and access to airport lounges globally. Some cards, like the American Express Platinum Reserve Credit Card, can provide complimentary hotel memberships and concierge services. Basic cards may offer limited lounge access or travel insurance, but perks are modest.
Other Categories
Premium cards might also reward you for fuel, utility bills, and international spends, with lower forex markup fees. Basic cards usually have capped rewards and fewer bonus categories.
Disclaimer: The benefits of the respective credit cards mentioned above are added with reference to the information available at the time of writing. For the latest updates, please visit the official website.