New Delhi, March 28 -- If you are new to credit cards, it is worthwhile to mention that there are broadly two categories: basic vanilla cards which offer common features such as discounts and reward points and, and premium cards which offer some extraordinary features in exchange for a high annual fee. Almost all credit card providers i.e., banks offer both these categories.

Here, we list out the key features of 5 premium cards offered by the banks in India.

I.American Express Platinum Card: This Amex card offers a range of discounts. For instance, cardholders are entitled to claim a 25 percent discount on stay in Taj, Oberoi, The Lalit and other premium hotels.

It also offers anywhere between 15 to 25 percent discount on other travel ...