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Find a luxury credit card that fits your lifestyle

Claim a status symbol while earning rewards and enjoying premium perks.

Flash a luxury card and it can draw the attention of a room. Besides the status, luxury cards can offer first-class travel perks for regular jet-setters along with top-of-the-line reward opportunities. Here’s a look at just what these cards bring to the table and whether they’re worth the cost.

Luxury card comparison

There are a lot of luxury credit card options, but most are cobranded airline or hotel credit cards. If you’re looking for a reward redemption freedom, these are the top luxury cards to consider:

  • The Platinum Card® from American Express
  • Luxury Card Mastercard® Gold Card™
  • Chase Sapphire Reserve®
  • U.S. Bank Altitude® Reserve Visa Infinite® Card
The Platinum Card® from American ExpressLuxury Card Mastercard® Gold Card™Chase Sapphire Reserve®Citi Prestige® Credit CardU.S. Bank Altitude® Reserve Visa Infinite® Card
Annual fee$695 (Terms apply, see rates & fees)$995$550$495$400
Welcome offercheck mark iconxcheck mark iconcheck mark iconcheck mark icon
Reward programcheck mark iconcheck mark iconcheck mark iconcheck mark iconcheck mark icon
Airline creditcheck mark iconcheck mark iconcheck mark iconcheck mark iconcheck mark icon
Intro APR period on balance transfersxcheck mark iconxxx
Can carry your balancexcheck mark iconcheck mark iconcheck mark iconcheck mark icon
Global Entry or TSA PreCheck fee creditcheck mark iconcheck mark iconcheck mark iconcheck mark iconcheck mark icon
CLEAR® creditscheck mark iconxxxx
Uber creditscheck mark iconxxxx

What are luxury credit cards?

Luxury credit cards offer perks above and beyond standard credit cards at the cost of high annual fees and demanding membership requirements. Benefits range from access to exclusive airport lounges and travel rebates, to rewards rates that outpace standard cards.

Compare luxury credit cards

1 - 3 of 4
Name Product Welcome Offer Rewards Annual fee Filter values
Luxury Card Mastercard® Black Card™
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
Chase Sapphire Reserve®
New Offer: Earn 60,000 points after spending $4,000 in the first 3 months, from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®
5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards, 3x points on other travel after earning your $300 travel credit, 10x points on Lyft rides, 10x points on Chase Dining through Ultimate Rewards, 3x points on other dining and 1x points on all other purchases
Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example $900 points are worth $900 toward travel
Luxury Card Mastercard® Titanium Card™
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.

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Are luxury credit cards worth the cost?

Whether a luxury credit card is worth its yearly price tag depends on how you want to use it. The high costs associated with owning a luxury card can be a tough pill to swallow, especially since annual fees can be hundreds or even thousands of dollars. These fees can be made up in some cases, but only by taking full advantage of its premium perks.

Typical luxury credit card features

Many luxury credit cards share standard features, often with leveled-up benefits:

  • Signup bonus. Many luxury cards offer especially large signup bonuses, a perk often tied to the price of a card’s annual fee.
  • Rewards structures. Eligible purchases with a luxury credit card can earn as high as 5x reward points.
  • Annual credits. Luxury cards are leaders in the field when it comes to annual credits, often offering hundreds of dollars in credit each year for travel and other expenses.
  • Travel benefits. Unlimited complimentary access to airport lounges, car rental insurance and roadside assistance are all standard perks with luxury cards.
  • Time-saving features. Concierge services and global luggage delivery services are just a couple of the time-saving benefits some luxury cards carry.
  • Chauffeured transportation. Several luxury cards offer access to chauffeur services. While you’ll need to pay out of pocket, many cards offer discounts on the service as well.

Compare premium credit cards

How to make a luxury credit card pay off

There’s only one way to make a luxury card pay off: use enough of the card’s perks to overcome the card’s large annual fee. No matter how much you enjoy using the card, if you’re not creating enough value through perks to meet or exceed the card’s annual fee then you’re needlessly spending money.

To do this, you’re going to want to look at the entirety of your card’s features. The best way to do this is to sign in to your card account page and find the section on card benefits.
Sapphire reserve benefits

Example of perks needed to cover annual fee

Looking at The Platinum Card® from American Express as an example, you’d need to get more than $695 in value through card perks to make using this card worth it each year. Looking at the card benefits, we can see the Amex Platinum Card offers a $200 airline fee credit, a $200 hotel credit, as well as a $200 Uber credit. If you travel frequently, you should have no trouble earning what amounts to $600 each year without much effort.

From there, you’d just have to create an additional $95 in value. Your remaining options include a few stays at the Centurion Lounge (valued at $50 per stay), using your $100 credit at Saks Fifth Avenue, or using your $240 digital entertainment credit. This card also offers a $300 Equinox credit and a $189 CLEAR® credit. So if you use the perks of this card, it more than pays for the annual fee.

Card perkMonetary valueCard annual fee
Annual airline fee credit$200
Annual Uber statement creditUp to $200
Annual hotel credit$200
Annual digital entertainment creditUp to $240
Annual Equinox creditUp to $300
Annual CLEAR® credit$189
Saks Fifth Avenue statement credit$100

Clearly, luxury cards spare no expense when it comes to perks – this isn’t even counting the base reward rate of using the card on travel purchases. But to make using any luxury card worth it, you have to remember to leverage those features.

Here’s a brief comparison of a few luxury cards and what perks you’d have to use to make them worth the spot in your wallet.

A brief luxury credit card comparison

Credit CardAnnual FeeWhat you need to spend to pay for the card
The Platinum Card® from American Express$695
  • Use your $200 airline fee credit after you enroll
  • Use your $200 hotel credit
  • Use your $240 digital entertainment credits
  • Use your $300 Equinox credit
  • Use your up to $200 in annual Uber Cash credits
Chase Sapphire Reserve®$550
  • Use your $300 annual travel credit
  • Use your $100 Global Entry or TSA PreCheck fee credit once every four years
  • Relax at an eligible airport lounge at least once, worth $50
Luxury Card Mastercard® Gold Card™$995
  • Use your $200 annual airline credit toward flight-related purchases
  • Use your one-time $100 Global Entry fee credit
  • Regularly take advantage of your airport lounge access
  • Redeem 2x points you spend on airfare

How do I get a luxury credit card?

Applying for a luxury credit card is the same as applying for any other type of credit card, though with stricter requirements. You can submit your application online or over the phone. It may also take longer to be approved for a luxury credit card, since most approval processes aren’t automated.

Do I qualify for a luxury card?

Most luxury cards require you have a history of excellent credit for consideration.

Exceptions to the rule

Some cards take luxury to the next level. Invite-only credit cards not only sport great luxury benefits, but enormous credit limits. Examples include the Centurion® Card from American Express and the JP Morgan Reserve Card.

Bottom line

With great credit and confidence in your spending habits, the right luxury credit card can offer you benefits that far outpace the hefty annual fee. Take a more in-depth look at these luxury cards to find the one that’s perfect for you.

For less expensive cards, you can check out more cards with travel benefits.

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