Are metal credit cards a status symbol?

Yes, metal credit cards are usually seen as a status symbol because metal card offers are typically geared toward high-spenders with good or excellent credit. Some of the most exclusive credit cards are made of metal, and the weighty feel of the cards certainly speaks to luxury.

Why Metal Credit Cards Are a Status Symbol

Metal credit cards have a premium feel.

Metal credit cards are heavier and sturdier than their more common plastic counterparts, so they are sure to make an impression whenever used.

Metal credit cards are hard to get.

Most metal credit cards require good credit or better for approval, which means a credit score of at least 700. Some of the most exclusive metal credit cards, such as the Centurion® Card from American Express, even require an invitation to apply.

Metal cards are expensive to own.

Most metal credit cards charge steep annual fees that not everyone can afford. For instance, the Chase Sapphire Reserve card, which is among the more expensive metal credit cards on the market, has an annual fee of $550.

Metal credit cards can offer premium rewards.

Many metal credit cards have impressive rewards rates, though this is certainly not a rule. Some issuers take advantage of the prestige associated with metal cards without backing that up with a worthwhile rewards program. So be sure to check out the rewards rates before you buy into any metal credit card offer.

Having a metal credit card is such a heavy status signifier that some cardholders are even paying to "upgrade" their regular plastic cards to metal. But while there is certainly something very satisfying about showing off a metal card, the material alone does not make a credit card offer better. To figure out which metal credit cards are worth the fuss, you can compare the best metal credit card offers on WalletHub.