John S Kiernan, Managing Editor
@John
The best luxury credit card is Chase Sapphire Reserve® because it has an initial bonus worth up to $750 in travel, gives a $300 annual travel credit, and provides a complimentary airport lounge membership. But luxury comes at a cost, and Chase Sapphire Reserve charges a $550 annual fee.
The most popular luxury card on the market is The Platinum Card® from American Express. It offers free membership to 7 major airport lounge networks, up to $200 annual credit for fees on a pre-selected airline, and a $100 annual statement credit for Saks Fifth Avenue purchases, when enrolled. Plus, there’s a 100,000 points initial bonus for spending $6,000 in the first 6 months and 5 points per $1 spent on flights (up to $500,000 spent per year) booked directly with airlines or with American Express Travel, and prepaid hotels booked through Amex. The annual fee is $695.
But the most famous of all luxury cards is the Centurion® Card from American Express. Also known as the “Black Card,” it’s invite only, so not just anyone can apply. Not a ton is known about it other than that. Fortunately, there are plenty of other luxury credit cards to consider, too.
Best Luxury Credit Cards
- Centurion® Card from American Express (“Black Card”)
- Chase Sapphire Reserve®
- The Platinum Card® from American Express
- U.S. Bank Altitude Reserve Visa Infinite® Card
- Ink Business Preferred® Credit Card
- J.P. Morgan Reserve Credit Card
When you’re comparing luxury credit cards, the devil is in the details. There are plenty of cards with luxury prices but pedestrian perks. So, you need to make sure the rewards and benefits that you get far outweigh the cost.
People who want to get a luxury credit card without shelling out a lot of money should consider the Capital One Venture Rewards Credit Card card. It offers top-notch travel rewards and only costs $95 per year.
2022's Best Credit Cards
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