
<p>The shiny new premium debit card with a “Platinum” or “Signature” on it has a lot to offer. You probably get travel perks, airport lounges, and priority services. But all of this comes with an annual fee. But you might wonder whether this premium debit card is really worth paying for.</p>



<p>This is a genuine question, and so we have the facts you need to know to decide on a particular premium debit card option. ;</p>



<h2 class="wp-block-heading">What is a Premium Debit Card?</h2>



<p>There is not much difference between a premium debit card and a regular one. You can use a premium one, just like your basic <a href="https://www.kotak.com/en/personal-banking/cards/debit-cards.html">ATM card</a>, to:</p>



<ul class="wp-block-list">
<li>Withdraw money at ATMs</li>



<li>Swipe for purchases</li>



<li>Pay online</li>
</ul>



<p>Just a few extra features and privileges make all the difference. Premium cards come with added benefits, service experience, and, sometimes, fees.</p>



<h2 class="wp-block-heading">Perks That Come with Premium Debit Cards</h2>



<p>Here’s what makes premium debit cards stand out:</p>



<h3 class="wp-block-heading">1. Higher Withdrawal and Spending Limits</h3>



<p>Premium cards usually allow you to:</p>



<ul class="wp-block-list">
<li>Withdraw more cash daily from ATMs</li>



<li>Spend higher amounts in a single transaction</li>
</ul>



<p>Useful if you travel often, shop big, or manage large expenses.</p>



<h3 class="wp-block-heading">2. Airport Lounge Access and Global Reach</h3>



<p>Some premium cards offer:</p>



<ul class="wp-block-list">
<li>Free airport lounge visits (domestic or international)</li>



<li>Global ATM access with better currency conversion support</li>



<li>24/7 priority helplines for travel emergencies</li>
</ul>



<h3 class="wp-block-heading">3. Reward Points, Cashback &; Discounts</h3>



<p>Depending on the bank, you might get:</p>



<ul class="wp-block-list">
<li>Cashback on shopping or fuel</li>



<li>Discounts on dining, flights, or hotel bookings</li>



<li>Exclusive deals during festive sales or brand tie-ups</li>
</ul>



<h3 class="wp-block-heading">4. Added Security and Protection</h3>



<p>Premium cards often come with:</p>



<ul class="wp-block-list">
<li>Fraud protection</li>



<li>Purchase insurance</li>



<li>Zero-liability in case of unauthorised transactions</li>
</ul>



<h3 class="wp-block-heading">5. Faster, Priority Banking Services</h3>



<p>Some cards are linked to premium accounts. You get:</p>



<ul class="wp-block-list">
<li>A dedicated relationship manager</li>



<li>Quicker resolution of queries</li>



<li>Less time spent waiting in queues</li>
</ul>



<h2 class="wp-block-heading">But What About the Fees?</h2>



<p>Good question. Most premium cards are not free. Here’s what you might pay:</p>



<p><strong>Annual &; Renewal Charges:</strong></p>



<ul class="wp-block-list">
<li>â¹200 to â¹750 + GST per year</li>



<li>Depends on the bank and card type</li>
</ul>



<p><strong>ATM Charges (Beyond Free Limits):</strong></p>



<ul class="wp-block-list">
<li>â¹20+ per cash withdrawal</li>



<li>â¹8.5+ for balance checks or mini-statements</li>
</ul>



<p><strong>International Usage:</strong></p>



<ul class="wp-block-list">
<li>Around â¹125+ per ATM withdrawal abroad</li>



<li>Currency conversion fees may apply</li>
</ul>



<p><strong>Replacement &; Add-On Fees:</strong></p>



<ul class="wp-block-list">
<li>â¹200 to â¹500 for lost or damaged card replacements</li>



<li>Add-on cards for family may carry extra costs</li>
</ul>



<h2 class="wp-block-heading">So, Are Premium Debit Cards Worth It?</h2>



<p>It depends on <strong>how you use your card</strong>.</p>



<p>Here’s a quick decision table:</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Go Premium If You&#8230;</strong></td><td><strong>Stick to Regular If You&#8230;</strong></td></tr><tr><td>Travel frequently (domestic/international)</td><td>Rarely leave your city</td></tr><tr><td>Enjoy lounge access and VIP treatment</td><td>Don’t care for airport or hotel perks</td></tr><tr><td>Shop or spend heavily through your card</td><td>Use your card mostly for groceries or bills</td></tr><tr><td>Need higher ATM withdrawal or spending limits</td><td>Make smaller, occasional transactions</td></tr><tr><td>Don’t mind paying a fee for better services</td><td>Prefer no fees and simple functionality</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Bank Tip: Fees and Features Can Vary</h2>



<p>Different banks offer different deals. For example:</p>



<ul class="wp-block-list">
<li><strong>HDFC’s Premium Platinum Debit Card</strong> charges â¹750/year</li>



<li><strong>Axis Bank’s Visa Platinum Debit Card</strong> is â¹200/year</li>



<li><strong>Kotak Mahindra Bank</strong> offers premium cards with unique benefits based on the account type</li>
</ul>



<p>The best approach is always to check your bank’s latest features and charges. There are times when you can get your premium debit cards for free. You get this benefit if you are able to maintain a certain minimum balance or salary account.</p>



<h2 class="wp-block-heading">Final Thoughts</h2>



<p>So, a premium <a href="https://www.kotak.com/en/personal-banking/cards/debit-cards.html">debit card</a> gives you a luxury feel along with some charges. But it will not feel good if you are not using the perks it has to offer. Like in certain situations, when you reap the benefits, it&#8217;s worth it!</p>



<p>So, if you travel, shop, and value quick service, the benefits can outweigh the fees. But if you just need a card for basic transactions and ATM withdrawals, a regular card does the job just fine.</p>



<p>So, before you sign up for a premium debit card, be sure about whether you would be using the extras. That answer will help you decide whether to upgrade or save the fee for something else.</p>

Are Premium Debit Cards Actually Worth The Added Fees?
