Best premium credit card

Travel in style with premium perks and features.

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To get the most out of your premium credit card, consider using it for travel. Not only can it help you earn accelerated points on purchases, but it can offer many perks such as annual travel credit, a dedicated concierge service, complimentary lounge access and more. Just be ready to pay a high annual fee.

Advantages and drawbacks of premium credit cards

Pros

  • Better earn rates. Most premium credit cards have high earn rates because they award points based on how frequently you make trips or spend using your credit card.
  • Promotional offers. Many card providers offer premium credit cards to attract new customers with signup bonus points and additional perks which will increase your total rewards from the get-go.
  • Various reward options. Points accumulated from premium credit cards can be redeemed in a variety of ways, including airfare, airline class upgrade, goods and services, cash and more.
  • Added benefits. Premium credit cards with high income requirements are generally platinum or black cards, and this means they come with premium benefits such as complimentary insurance policies, discounts on services, airport lounge passes, dedicated concierge and more.

Cons

  • High annual fee. Generally, premium credit cards tend to have relatively high annual fees. This means you have to spend more on using the credit card to offset the annual fee with the value of your redeemed points. But using this type of card usually offers additional benefits that can outweigh the cost.
  • High interest rates. Many premium cards come with a high interest rate compared to regular cards. Make sure you pay your balance on time to avoid the high interest rates.
  • No intro APR period It’s rare to find a premium credit card that offers intro APR period on purchases and balance transfers. At the time of writing, the Luxury Card Mastercard® Titanium Card™ is the only premium card that offers an intro APR period on balance transfers.
  • Exclusive. As suggested by the name, premium credit cards are only available to high-income earners, restricting the number of cardholders who can take advantage of their benefits.

Best premium credit card for balance transfers: Luxury Card Mastercard® Titanium Card™

Luxury Card Mastercard® Titanium Card™

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If you’re looking for a premium travel credit card with an intro APR period on balance transfers, the Luxury Card Mastercard® Titanium Card™ could be a good choice.

Best premium credit card for cash back: Luxury Card Mastercard® Black Card™

Luxury Card Mastercard® Black Card™

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The Luxury Card Mastercard® Black Card™ can be a great choice if you want luxury travel and elite Mastercard benefits like invitation-only experiences.

Best premium credit card for travel and dining: Citi Prestige® Credit Card

The information about Citi Prestige® Credit Card has been collected independently by Finder and and has not been reviewed or provided by the issuer.
Citi Prestige® Credit Card

The Citi Prestige® Credit Card could be an excellent choice if you frequently dine out and travel as it offers the most reward points on these categories.

Best premium credit card for international travel: Chase Sapphire Reserve®

Chase Sapphire Reserve®

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The Chase Sapphire Reserve® could be a great premium card if you frequently travel worldwide and dine out at restaurants.

Best premium credit card for hotels and airlines: The Platinum Card® from American Express

The Platinum Card® from American Express

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If you want to earn accelerated points on your hotel stays and airline tickets, the The Platinum Card® from American Express could be your best choice.

Best premium credit card for the ultimate luxury travel: Luxury Card Mastercard® Gold Card™

Luxury Card Mastercard® Gold Card™

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If you want to travel in style and luxury, the Luxury Card Mastercard® Gold Card™ could be the right choice.

How we selected our top cards

When making our selection for the best premium credit cards, we looked at a variety of factors a consumer might consider. Some of these factors included the types of reward programs, cash back or points per dollar spent, travel or bonus statement credits, annual fee, welcome offer value, balance transfer fees and other luxurious perks found in a premium credit card.

What’s changed in 2020

The Chase Sapphire Reserve card got an update on January 12, 2020. Here’s what’s changed:

  • Annual fee increased from $450 to $550.
  • 10x points on Lyft rides until March 2022.
  • One year complimentary Lyft Pink membership worth $199.
  • One year complimentary DashPass membership.
  • DoorDash statement credits up to $120 until December 21, 2021.

Our pick for a luxury credit card

Luxury Card Mastercard® Black Card™

  • Patented black PVD metal card—weighing 22 grams.
  • Earn one point for every one dollar spent.
  • 2% value for airfare redemptions with no blackout dates or seat restrictions.
  • 1.5% value for cash back redemptions.
  • 24/7 Luxury Card Concierge®—available by phone, email and live mobile chat.
  • Exclusive Luxury Card Travel® benefits (e.g., amenities, room upgrades and complimentary food and beverages).
  • Up to $100 annual airline credit and $100 Global Entry and TSA Pre-Check application fee credit.
  • Cell phone protection, Lyft credits, Postmates discounts, Fandango perks and more.
  • Annual fee: $495 ($195 for each authorized user).
  • Terms and conditions apply.
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Compare premium credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Luxury Card Mastercard® Titanium Card™
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
American Express® Gold Card
35,000 points after spending $4,000 in the first 3 months
3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points)
$250
Earn 4x points at restaurants worldwide. Rates & fees
Luxury Card Mastercard® Black Card™
N/A
1.5x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
$495
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
CardMatch™ from creditcards.com
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Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.

Compare up to 4 providers

How to compare top premium credit cards

To choose the best premium credit card, ask yourself:

  • Do you want to earn accelerated points on hotel stays? The Platinum Card® from American Express gives you the highest value on hotel purchases and airline tickets, worth up to 5% in redemption value.
  • Do you want to earn accelerated points on dining? With the Chase Sapphire Reserve® you earn up to 4.5% in redemption value on dining and travel purchases worldwide.
  • Do you want to make balance transfers? Premium credit cards rarely let you transfer your balance interest-free for a limited amount of time, but all three Luxury Mastercard credit cards offer just that.
  • Do you want the ultimate credit card? With the gold-plated Luxury Card Mastercard® Gold Card™ you get access to invite-only events, chauffeur transportations, yacht or private jet services and more.

Compare concierge credit cards

Bottom line

If you’re willing to pay a high annual fee, you can get the best premium cards. These usually come with an annual airline credit, Global Entry or TSA PreCheck credit, accelerated points on travel purchases, complimentary lounge access and more.

However, if you believe there could be a better credit card for you, compare other travel credit cards until you find the perfect match for your needs.

Frequently asked questions

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