One of the best luxury credit cards is Chase Sapphire Reserve® because it has an initial bonus worth up to $900 in travel through Chase, 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 Platinum Card® from American Express, though, is the most popular luxury card on the market. This is a very good card for high-spending frequent travelers. The card’s $695 annual fee is worth it for people who earn its initial bonus (80,000 points for spending $6,000 in the first 6 months) and take advantage of its assorted benefits. 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. But there are plenty of other luxury credit cards to consider, too.
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.
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If you’re looking for a prestigious credit card, but you don’t quite qualify for an invitation from any of these 3 ultra-exclusive credit cards, don’t worry. You might get a better - and less expensive - credit card experience with a normal rewards credit card. Or, a good travel credit card might fit your lifestyle. The best credit cards don’t usually require a million-dollar income or private banking clout, and they still deliver plenty of great perks.
Yes, there are several elite credit cards with no annual fee, the best of which is the Capital One VentureOne Rewards Credit Card. This card requires a minimum of good credit for approval and offers perks such as 1.25 - 5 miles per $1 spent on purchases and an initial bonus of 20,000 miles for spending $500 in the first 3 months of account opening.
Here are some of the best elite credit cards with no annual fee:… read full answer
The Capital One VentureOne is an elite $0 annual fee credit card due to its ample rewards. It gives 20,000 miles for spending $500 in the first 3 months. Plus, you get 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 1.25 miles per $1 on all other purchases. Capital One VentureOne comes with intro APRs of 0% for 15 months on purchases and balance transfers. Its regular APR is 17.99% - 27.99% (V) and the balance transfer fee is 3%. Good credit is required.
The Citi Double Cash Card is an elite $0 annual fee credit card because it gives one of the highest cash back rates on the market for all purchases: 2% cash back when you pay at least the minimum due on time. And there’s a 0% for 18 months intro APR for balance transfers. There is a 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. This card’s regular APR is 17.74% - 27.74% (V). Good credit is required.
The U.S. Bank Platinum is elite because of its very long 0% intro APR period. You get a 0% APR on purchases and balance transfers for 18 billing cycles. The card’s regular APR is 18.24% - 28.24% (V). Transfers must be requested in the first 60 days to get the 0% rate, and there’s a 3% (min $5) transfer fee. You also get free cell phone protection. Good credit is required.
The Amex EveryDay card is elite because of its 0% intro APR for 15 months on purchases. Amex EveryDay’s regular APR is 16.74% - 27.74% (V). You can earn 2 points per $1 spent on travel booked through amextravel.com and at supermarkets (up to $6,000 per year), and 1 point per $1 spent on all other purchases. Using your card 20 times in a month earns you 20% more points. There’s also a welcome bonus of 10,000 points after spending $2,000 in the first 6 months. Good credit is required.
The Ink Cash is an elite $0 annual fee card because it has a lot of bonus categories. You get 1 - 5% cash back, depending on the type of purchase. You can also get an initial bonus of $900 for spending $6,000 in the first 3 months. There’s a 12 months intro APR on purchases. This card’s regular APR is 16.24% - 22.24% (V). You get employee cards at no cost. Good credit is required.
At the end of the day, elite and no annual fee are not always synonymous when it comes to credit cards. Cards with annual fees tend to offer more rewards and benefits. Generally, the higher the annual fee, the more rewards you get. Some of the most elite credit cards with fees include the Capital One Venture Rewards Credit Card and the Chase Sapphire Preferred® Card.
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