{"id":152113,"date":"2024-10-11T17:23:51","date_gmt":"2024-10-11T17:23:51","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/11\/demand-for-premium-credit-cards-grows-times-of-india\/"},"modified":"2024-10-11T17:23:51","modified_gmt":"2024-10-11T17:23:51","slug":"demand-for-premium-credit-cards-grows-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/11\/demand-for-premium-credit-cards-grows-times-of-india\/","title":{"rendered":"Demand for premium credit cards grows &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-114155930,imgsize-806680,width-400,resizemode-4\/114155930.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Demand for premium credit cards grows &#8211; Times of India\" title=\"Demand for premium credit cards grows &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: Demand for premium cards is on the rise as growing spends by <!-- -->high-net-worth individuals<!-- --> and <!-- -->economic growth<!-- --> are fuelling their adoption.<br \/>As the country&#8217;s GDP moves up to $3.5 trillion, spending by HNIs and other affluent Indians is on the rise while they seek exclusive services, including feature-rich credit cards.<br \/>RBI has reported a 16.4% year-on-year increase in <!-- -->credit card issuance<!-- -->, which has reached 105.4 million as of August 2024.Transaction volumes and average ticket sizes have also grown due to increased spending on travel and leisure.<br \/>Companies have been beefing up benefits under their cards to cater to the trend. <!-- -->American Express<!-- --> India has launched an enhanced suite of benefits for its Consumer Platinum Card that focuses on travel, lifestyle, and everyday conveniences.<br \/>The updated offerings provide card members with additional value across key categories, including luxury hotel stays, dining discounts and personalized global services<br \/>American Express said that the Platinum Card members will get benefits like unlimited access to over 1,300 airport lounges globally, insurance coverage of up to Rs 5 crore, complimentary memberships on dining apps, and access to premier golf courses.<br \/>Puneet Bhatia, Vice President of Acquisition and Product Management at American Express Banking Corp. India said, &#8220;For over four decades, the Platinum Card has been a symbol of distinction and excellence in the premium card membership category\u2026 With this latest refresh, we are elevating the experience to meet the aspirations of a new generation of Card Members by offering new elite-tier memberships, enhanced rewards and exclusive experiences, that reflect their lifestyles.&#8221;<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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