Some basic features of lifestyle cards include:

Reward points: Like every other credit card, lifestyle credit cards also offer reward points. Reward points are calculated based on the amount you spend on the credit card. Different credit card firms calculate these reward points differently and you can redeem these points later. The ICICI Platinum credit card earns you 2 reward points for every Rs. 200 spent on the card and you can redeem these points for exciting gifts. Similarly, the HDFC bank Titanium Card fetches you 2 reward points on your domestic spend and 5 reward points on your international spends.

Travel/Dining benefits: It is a special world and travel is usually done for recreation or business. The lifestyle cards add luxury and convenience to your travel, and make your travel more rewarding. For instance, Standard Chartered Platinum Credit Card members can travel around the world and dine at luxurious hotels and restaurants. Similarly, Citibank Select Platinum card offers voucher for buffet lunch, which entitles you to 50% off for up to 6 people at the coffee shops across any of the participating Taj Hotels, Resorts and Palaces subject to certain conditions.

Apart from these, different cards provide different benefits like insurance cover, shopping discounts, cash back on air or train tickets.

Eligibility criteria

Not every one can apply for lifestyle cards since these have certain eligibility criteria that vary from card to card. You need to fulfill the eligibility criteria of a particular card before applying for it. For instance if you want to apply for ICICI Bank Platinum card you should have a net salary of 4,80,000 per annum. For ICICI Bank signature card you need to have a net salary of 12,00,000 per annum.