As adjectives the difference between deluxe and premium
is that deluxe is being very fine in quality or luxurious while premium is superior in quality; higher in price or value.
As a noun premium is
a prize or award.
premium
Alternative forms
* (archaic)
Adjective
(-)
Superior in quality; higher in price or value.
Noun
(en-noun)
A prize or award.
Something offered at a reduced price as an inducement to buy something else.
A bonus paid in addition to normal payments.
The amount to be paid for an insurance policy.
An unusually high value.
(finance) The amount by which a security's value exceeds its face value.
Usage notes
* (term) is much less common than (premiums), accounting for less than 1% of total usage in US (COCA) and 4% in UK (BNC).
Antonyms
* (finance) discount
Derived terms
(Terms derived from the adjective or noun "premium")
* at a premium
* buyer's premium
* premium bond
* premium outlet