Is a Premium Credit Card Worth It?
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I'm thinking about getting a premium credit card, but my salary and the need for manager approval make me question if it's worth it. Should I just go for a more practical card that gives better everyday rewards without the stress?
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Premium cards (₹5,000-12,500 annual fee) make sense only if you spend over ₹10 lakh yearly to offset costs through lounge access, 3-5% rewards, and fee waivers. Salaried professionals benefit from mid-tier cards like Flipkart Axis and Amazon ICICI, which provide 1-5% cashback with less hassle in approval. Calculate your actual annual spend first; if it's under ₹5 lakh, skip premium tiers entirely.