Snapchat Premium is not an official product offered by Snapchat. However, Snapchat has launched a paid subscription service called Snapchat Plus, which offers users early access to new features along with a collection of exclusive, experimental, and pre-release features in the messaging app. Some of the features that come with Snapchat Plus include the option to pin a friend as a BFF, an exclusive badge, story rewatch count, and more. It is worth noting that Snapchat Plus subscription does not remove ads on the platform.
On the other hand, "Premium Snapchat" refers to a term commonly used to mean a private Snapchat account where the owner shares content in return for cash. These accounts are not officially recognized by Snapchat, and the account owners have to work out the transaction method themselves. Premium Snapchat accounts are generally known for their adult content, and people who set up these accounts are willing to share out snaps of a sexual nature to others on Snapchat in return for payment.
