Is “Premium” a Scrabble word?
Yes
PREMIUM
Valid in at least one Scrabble dictionary
Valid in these dictionaries
SOWPODS / CSW
Scrabble UK & International
TWL / NWL
Scrabble North America
Large English Dictionary
General English word list
Meaning of Premium
/ˈpɹimiəm/
noun
1.A prize or award.
2.Something offered at a reduced price as an inducement to buy something else.
3.A bonus paid in addition to normal payments.
adjective
1.Superior in quality; higher in price or value.
2.High-end; belonging to the market segment between mid-market and luxury.