The credit card that has the most benefits is Chase Sapphire Reserve® because it offers travel perks such as a $300 annual travel credit, complimentary airport lounge access, up to $1 million in travel insurance, and more. These benefits do come at a cost, as Chase Sapphire Reserve carries a $550 annual fee. Chase Sapphire Reserve’s high price tag is well worth it if you’re a frequent traveler who will spend enough each year for the card to pay for itself with rewards and benefits.
Before you apply for a credit card with a ton of benefits, make sure it has at least a few perks you know you’ll use regularly. Otherwise, the card may offer you little value, especially if you must pay an annual fee. Be sure to explore your options in-depth and compare credit card benefits to eliminate much of the guesswork before you submit an application.
When invite-only cards aren’t a good option, some millionaires choose premium travel rewards cards such as American Express Platinum card and Chase Sapphire Reserve. People with at least good credit who are approved for either card can expect lucrative bonuses, generous rewards on purchases, and other perks that will more than offset their hefty annual fees. The American Express Platinum card charges $695 a year to own, and Chase Sapphire Reserve likewise carries a big price tag with its $550 annual fee.
Millionaire business owners may also get good use from a business credit card such as the The Business Platinum Card® from American Express, a top choice for frequent travelers who don’t mind shelling out $695 a year for all the high-end perks the card offers. The Ink Business Preferred® Credit Card is another attractive option for business owners with seven-figure incomes, as the card offers stellar rewards on business-related purchases and a significantly lower annual fee ($95) than American Express Business Platinum card.
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