According to our research report “Indian Payment Card Market Forecast to 2012”, the number of credit cards issued by various banks in the country has been witnessing rapid growth. This has further fueled the growth of premium cards in the country. Premium credit cards are the cards loaded with a large number of benefits attracting High Networth Individuals. These cards include mainly Titanium, Platinum, and Signature credit cards. Moreover, with high credit limits and insurance cover, lounge access, concessions at hotels & airlines and higher reward points, customers don’t mind paying extra charges for the same. Further, it is expected that, with the increasing purchasing power of the consumers, these cards have enormous potential in the country. We expect that, the premium card potential in India will surge at a CAGR of over 41% during FY 2011 to FY 2013.