There are many advantages to signing up for a credit card, especially if you want to flex your spending power and are responsible with your credit usage. Credit cards can be a helpful financial tool when used wisely, as sometimes you may want the ability to pay for a good or service at a later date and not immediately.

Many credit card users look forward to using their card to build up their credit score and earn rewards like cash back or travel miles.

If you do not have cash on hand, a credit card is a great way to cover emergency expenses, reserve a hotel room, or rent a car. Additionally, most credit cards come with protection against fraudulent activity, and may even alert a consumer if there is suspicious activity.

One reason it is beneficial to have an excellent credit score is to be applicable for a premium credit card. The best premium credit card may come with a higher annual fee than other credit cards, but it offers more sought-after rewards for consumers.

If you want to make the switch to a premium credit card and ditch having multiple credit cards without premium perks, you will want to consider what each credit company is offering carefully. Certain premium cards are more ideal for people who frequently travel, avid shoppers, or even students.

Some of the major credible companies that offer premium cards include, but are not limited to the following.

  • Chase
  • American Express
  • Citibank

There are pros and cons to having a premium credit card, so be mindful about financial literacy and responsible use. You will not want to use too much of your credit limit every month, and it doesn’t pay to carry a balance for too long on your account.

Know how to maximize your card usage to gain member rewards, build your credit, and earn special treats for yourself. Make sure that any of your rewards won’t get wiped out by any applicable fees so that you will reap more benefits with your card.

Comparison Table


Product

Image

Price

Chase Sapphire Reserve

sapphire reserve credit card

Image Source: creditcards.chase.com

The Platinum Card by American Express

The Platinum Card by American Express

Image Source: americanexpress.com

Citi Premier Card

Citi Premier Card

Image Source: citi.com

Mastercard Titanium Card

Mastercard Titanium Card

Image Source: luxurycard.com

Wells Fargo Platinum Visa Card

Wells Fargo Platinum Visa Card

Image Source: wellsfargo.com

Mastercard Black Card

Mastercard Black Card

Image Source: luxurycard.com

Ritz-Carlton Rewards Credit Card

Ritz-Carlton Rewards Credit Card

Image Source: creditcards.chase.com

Lufthansa Credit Card

Chase IHG Rewards Club Premier Credit Card

IHG Rewards Club Premier Credit Card

Image Source: creditcards.chase.com

Hilton Honors American Express Aspire Card

Hilton Honors American Express Aspire Card

Image Source: americanexpress.com

American Express Gold Card

American Express Gold Card

Image Source: americanexpress.com

Starwood Preferred Guest American Express Luxury Card

Starwood Preferred Guest American Express Luxury Card

Image Source: americanexpress.com

How We Choose Our Rating 


a wallet with different credit cards

Image Source: Pixabay.com

When you need to know how to choose the best premium credit card, you might want to consider looking at the most trusted companies in the business. We looked over reviews from real people, compared perks offered, and considered the cost of applying for a premium credit card. We feel confident that among this list of credit cards, you will find one suitable to wow you with benefits.

Top 12 Best Premium Credit Card Offers Of 2019 


So you’ve made your decision about co-branded or general cards, and you know where you’re more likely to use the card you get, now what? There are still some other considerations to look at before committing to a specific travel credit card. Rewards, sign-up bonuses, and protections are all important pieces to the puzzle.

All-Around Beneficial 

The following credit cards provide a host of benefits and perks for users that are pretty well-rounded. These cards are issued by reputable companies that provide desirable rewards for membership.

Chase Sapphire Reserve

sapphire reserve credit card

Image Source: creditcards.chase.com

This premium credit card from Chase offers a generous bonus for signing up, and 50,000 bonus points if you spend $4,000 within the first three months of opening an account.

The annual APR is between 17.99% and 24.99% depending on your credit rating when you apply and history.

Travel purchases and dining adventures are rewarded with triple points when you use the Chase Sapphire Reserve card, and an Annual Travel Credit of $300 is gifted to your account every anniversary.

Aesthetically, it is a pleasure wielding this card as it is made from solid metal. You must have excellent credit to attain an account, but you don’t have to deal with foreign transaction fees while traveling abroad, and it is easy to rack up rewards from regular purchases.

You can attach an authorized user to your account for an additional $75.

Other great perks include coverage up to $75,000 for theft or collision of a rental vehicle and complimentary lounge membership.

If you are not big on traveling, your points can be redeemed for cash back, gift cards, and other sought-after rewards at a lesser value.

Pros

  • 3 points for every dollar spent on travel or dining
  • High sign-up bonus for reaching spending milestone within three months
  • Protection for rental car services

Cons

  • High annual fee

Platinum Card From American Express

The Platinum Card by American Express

Image Source: americanexpress.com

An American Express Platinum Card offers a little bit more perks than the Chase Sapphire, with a bonus of 60,000 points awarded for making $5,000 worth of purchases within the first three months.

If you like to travel locally in style, take advantage of the included VIP Uber Status that provides you with free rides up to $15 a month. When you feel like flying, you get 5xs membership rewards when you book a flight directly with the airline of your choice, or you use American Express Travel.

Feel like a boss using Uber to travel, or turn in your points for a hotel room, airline miles, or other rewards.

Certain purchases will gain more rewards than others, and there are some limitations with airline fee credits.

Pros

  • Access to hundreds of luxurious airport lounges
  • Comes with $200 credit to offset airline expenses
  • Upgrades readily available for hotel stays over two nights at select locations

Cons

  • Annual fee of $550 is pretty steep

Citi Premier Card

Citi Premier Card

Image Source: citi.com

If you don’t like initial hefty annual fees, this card bypasses charging you a fee for access until the second year. The annual fee is nominal compared to other premium credit cards, at a manageable $95 a year.

You can earn 3 points for every dollar spent on travel including filling up your car at the gas tank. Two points can be earned for every dollar you spend on entertainment or dining out, and you get one point for every dollar spent outside of these select categories.

Depending on your credit score and history, you still won’t want to allow a balance to accumulate on this card. The APR ranges between 16.74% to 25.74%.

If you manage to spend $4,000 within the first three months of opening an account, you can redeem those points for $625 in air travel, or $500 cashback in your wallet.

Your points will never expire when you carry a Citi Premier Card, and the potential for you to accumulate earnings is limitless.

Pros

  • No annual membership fee the first year
  • Generous point system for multiple types of purchases
  • A low annual membership fee

Cons

  • No 0% intro rate for APR

Mastercard Titanium Card

Mastercard Titanium Card

Image Source: luxurycard.com

This card comes with the standard no foreign fees for transactions when you travel abroad, and any points you earn are worth more when you turn them in for a plane ticket.

The annual fee is reasonable for premium benefits, at an affordable $195 a year.

Make a presence with this credit card made from stainless steel, and earn 1 point for every 1 dollar spent. It may not seem like such a great deal, but if you turn in your points for airfare, they are automatically worth two percent.

If you like making last minute plans to get away from it all, your points are redeemable instantly, so no waiting. You don’t have to fret about blackout restrictions or seat restrictions either so that you can focus on relaxing and vacation time.

When traveling, enjoy 24/7 concierge service, personal escort service at airports, and assistance with ID theft.

You don’t have to use your accrued points for air travel, as points can be redeemed for electronics, major event tickets, or gift cards.

Pros

  • 0% APR on balance transfers for 15 billing cycles
  • Points can be redeemed immediately for last minute travel
  • Meet and greet escort service at airports

Cons

  • The annual fee is costly if you don’t rack up enough points and use them

Wells Fargo Platinum Visa Card

Wells Fargo Platinum Visa Card

Image Source: wellsfargo.com

All premium credit cards don’t come saddled with an exorbitant annual fee. Wells Fargo offers 0% APR for 18 months on purchases and balance transfers, and an annual fee of 0$.

Variable APR rates range between 13.74 to 27.24%, and you can get up to $600 protection on your cell phone in the event of theft or damage if you pay your bill with your card.

Unlike other premium cards, the downside is that it doesn’t allow you to earn any points or rewards for purchases made. The biggest draw is no charge for balance transfers from other cards, and you can protect your cell phone.

Pros

  • 0% APR for 18 months
  • Helpful for paying down other credit cards
  • Cell phone protection plan

Cons

  • No rewards or cash back

Mastercard Black Card

Mastercard Black Card

Image Source: luxurycard.com

The Mastercard Black Card screams luxury in the hands of an account holder. An impressive metal card requires a hefty annual fee, at $495 a year for elite services.

Members are privy to LUXURY MAGAZINE, 24/7 concierge services, and 16.99% APR on purchases.  Points aren’t the highest, as you can only earn 1 point for every 1 dollar spent. However, points that are redeemed for cashback have a value of 1.5%, whereas points redeemed for airfare are valued at 2%. 

If you love traveling to VIP hotels and want VIP travel services, it is handy to have this card in your wallet.

Pros

  • Complimentary airport lounge access
  • VIP hotel and travel benefits
  • Annual $100 travel credit

Cons

  • Requires excellent credit and large fee

Travelers 

When you need to reserve a hotel room, or are planning to jet-set around the world, these premium credit cards want to ensure you travel in luxury and style. The fees for these cards may vary, but the rewards are worth every penny.

Ritz-Carlton Rewards Credit Card

Ritz-Carlton Rewards Credit Card

Image Source: creditcards.chase.com

If you love to enjoy luxury travel and treatment when you go shopping, dining or check into a hotel, pick up this credit card.

You can earn 5x membership points on everyday spending, 2x points on air travel, and 1x points when you check into a Ritz-Carlton location. If you spend $4,000 during the first three months of your membership, you can enjoy perks like two nights at a Ritz-Carlton, discounts on rental cars, and check in to complimentary airport lounges.

Pros

  • A lot of opportunities to earn points
  • Two complimentary nights at a Ritz-Carlton international or domestic locations
  • Annual $300 travel credit

Cons

  • Steep annual fee and step APR

Lufthansa Credit Card

If you love to enjoy luxury travel and treatment when you go shopping, dining or check into a hotel, pick up this credit card.

You can earn 5x membership points on everyday spending, 2x points on air travel, and 1x points when you check into a Ritz-Carlton location. If you spend $4,000 during the first three months of your membership, you can enjoy perks like two nights at a Ritz-Carlton, discounts on rental cars, and check in to complimentary airport lounges.

Pros

  • A lot of opportunities to earn points
  • Two complimentary nights at a Ritz-Carlton international or domestic locations
  • Annual $300 travel credit

Cons

  • Steep annual fee and step APR

Chase IHG Rewards Club Premier Credit Card

IHG Rewards Club Premier Credit Card

Image Source: creditcards.chase.com

This premium card offers a high reward rate of 6.4% and is ideal for frequent guests of IHG.

The annual fee of $89 is reasonable compared to most cards, and you can use this card to earn free hotel stays. Enjoy benefits like free room upgrades, priority check-in, and 10 points for every dollar spent at IHG hotels.

This card is not ideal for rewards on everyday purchases.

Pros

  • Earn free hotel stays
  • Great for guests of IHG hotels
  • High reward rate of 6.4%

Cons

  • Not good option for anyone who doesn’t go to IHG hotels often

Hilton Honors American Express Aspire Card

Hilton Honors American Express Aspire Card

Image Source: americanexpress.com

This credit card is ideal for big spenders with deep pockets who frequent Hilton hotels.

You can earn 14x membership points at Hilton hotels and resorts, and earn 3x rewards on other purchases.

Pros

  • Unlimited Priority Pass Lounge access at airports
  • Resort credits and on-property credit for select locations
  • No foreign transaction fees

Cons

  • Steep annual fee of $495 and card doesn’t offer a lot of flexibility

American Express Gold Card

American Express Gold Card

Image Source: americanexpress.com

The annual fee is in the middle compared to competitors, with a membership due of $250.

A bonus of 25,000 rewards is available when you spend $2,000 during the first three months of initial membership. Use your card at participating restaurants, retailers, or services like GrubHub to earn points.

Pros

  • $100 Airline Fee Credit
  • 4x membership rewards at participating restaurants and supermarkets
  • No foreign transaction fees

Cons

  • $250 annual fee not cheap

Starwood Preferred Guest American Express Luxury Card

Starwood Preferred Guest American Express Luxury Card

Image Source: americanexpress.com

This card is excellent for frequent travelers who check in at Marriott hotels or Starwood hotels.

You can earn points on all types of purchases, and this card provides ample benefits for frequent fliers or hotel stays.

Pros

  • Versatile point system for various purchases
  • $300 hotel credit
  • Airport lounge access

Cons

  • $450 fee not inexpensive for annual membership

Buyer’s Guide 


a store entrance with a visa card logo

Image Source: Pexels.com

Before you rush out to sign up for a premium credit card, look over the amount of value and rewards given compared to the annual fee. Some cards may offer perks that are not applicable to your lifestyle or may require you to spend more than your average amount.

Make sure to familiarize yourself with all retailers associated with your card, so you can take advantage of shopping at places that will provide you more rewards. Consider any limitations, expiration dates, or fees that may wipe out any of your accrued rewards or membership points.

There is no one-size-fits-all option with a premium credit card, as there are a plethora of great companies that offer consumers luxury credit cards with all the bells and whistles for the right price.

If you have excellent credit, enhance your purchasing power and treat yourself to the unique rewards provided only by a premium credit card.

Featured Image Source: Pixabay.com

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