Which is the most expensive credit card?

The best credit card for high spenders is Chase Sapphire Reserve, which has a $10,000 minimum spending limit. The Chase Sapphire Reserve card also offers 60,000 bonus points for spending $4,000 in the first 3 months.

But it’s hard to narrow it down to a single card when the decision depends on how much you spend, how much you’re willing to pay in fees, and what perks you value most.... read full answer

Here are some of the best credit cards for high spenders:

The Chase Sapphire Reserve offers 60,000 bonus points for spending $4,000 in the first 3 months. And it has a $10,000 minimum credit limit.

You will also earn a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases.

Plus, you'll get 50% more value when you redeem points for travel through Chase Ultimate Rewards. The Chase Sapphire Reserve annual fee rings it at $550.

Capital One Venture X gives you 75,000 miles for spending $4,000 in the first 3 months. In addition, it offers 2 - 10 miles per $1 on purchases. It has a $395 annual fee.

The American Express Platinum card offers 80,000 points for spending $6,000 in the first 6 months. There is no preset spending limit. You can also earn 5 points per $1 on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 spent on all other purchases. This credit card's annual fee is $695.

The Wells Fargo Active Cash initial bonus is $200 cash rewards after spending $1,000 in the first 3 months. It also offers 2% cash rewards on all purchases. There are no category restrictions or sign ups and cash rewards don’t expire as long as your account remains open.

The Blue Cash Preferred credit card offers $250 statement credit for spending $3,000 in the first 6 months. In addition, you can earn 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits. The annual fee is $0 intro 1st yr, $95 after.

The American Express Business Platinum card offers 120,000 points for spending $15,000 within 3 months. It gives 1 - 5 points per $1 spent on purchases. The American Express Business Platinum card has a $695 annual fee.

The best credit card for high spenders will ultimately depend on the spender in question. And it’s important to make sure that your card has a high enough limit to accommodate your spending. To maintain your credit score, you should try to use no more than 30% of your available credit

The highest credit card interest rate in recent memory was 79.9% on a card offered by First Premier Bank in 2010. That offer’s not available anymore. The current highest credit card interest rate is 36%. That’s on the First PREMIER® Bank Credit Card. The next highest credit card interest rate seems to be 35.99%, charged by the Total Visa® Card and the First Access Visa® Card. These rates are very high when you consider that the average interest rate is only around ... read full answer18%.

Legally, there actually is no highest credit card interest rate that’s possible. Credit card companies are allowed to charge any interest rate. But they must clearly state what that rate is in the card’s terms and conditions. And companies that would like to charge outrageous interest rates are limited by what people are actually willing to pay. You should always make sure you know a card’s interest rate before applying. Otherwise, it may come as a nasty surprise.

Here are some of the highest credit card interest rates:

• Highest historical credit card interest rate:9% APR on the old First Premier Bank Credit Card. This card is no longer available. It was for people with bad credit.
• First PREMIER® Bank Gold Credit Card: 36% APR. The card is unsecured and for bad credit. It has an annual fee of $50 - $125 1st yr, $45 - $49 after that. Plus, there’s a $55 - $95 one-time processing fee.
• Total Visa® Card: 35.99% APR. The card is for bad credit. It has an annual fee of $75 1st yr, $48 after It has a $89 one-time processing fee.
• First Access Visa® Card: 34.99% APR. This card is for bad credit. It has an annual fee of $75 1st yr, $48 after that. It has an $95 one-time processing fee.

As you can see, the highest credit card interest rates are found on cards for people with bad credit. The better your credit is, the better your chance of getting a lower interest rate. But don’t forget that no matter how high or low your interest rate is, it will never affect you unless you carry a balance between months. If you always pay off your bill in full, you’ll never pay any interest unless you take out a cash advance. So, if you don’t spend beyond your means, interest rates shouldn’t be a huge consideration when you’re picking a credit card.

But if you’re not confident about your ability to pay in full, you should prioritize low interest rates in your search. Many cards will even offer you 0% interest for a number of months to start. But you’ll usually need at least good credit to get a 0% intro APR.

Many of the market’s best overall credit cards charge annual fees. And while that’s counterintuitive in the sense that no one would opt for a card with a fee over a no fee card if all else were equal, you have to remember that other factors are in play. In most cases, rewards are the explanation.... read full answer

It doesn’t really make sense to pay a fee to use a 0% credit card, after all, since your goal in that situation is to reduce the cost of your debt. But paying a fee for one of the best rewards cards can help you get the most total value. It just depends on your spending habits and available options. You generally won’t qualify for rewards worth paying for until you have at least good credit.

So the moral of the story is that you can’t assume a no fee credit card is automatically better than a card with a fee. You have to compare the total package offered by each to see which is right for your particular needs.