It basically has all of the benefits of
other premium credit cards except for the ability to transfer points to airline and hotel programs.
Unfortunately
for premium credit card holders, the most luxurious lounges are reserved for international first - class passengers who can show a boarding pass.
The good news is many
premium credit cards offer free airport lounge access to their cardholders in exchange for a typically pricey annual fee.
You may be aware of some of the cardholder perks that come with
many premium credit cards, such as rental car insurance and lost baggage coverage.
Most premium credit cards offer a feature called «free return protection,» yet many of us know little about this beneficial feature.
Over the past year,
super premium credit cards with plump annual fees and extra generous benefits have become a hot topic in rewards circles.
It will take many years of rebuilding your credit before your credit score is high enough to qualify for
more premium credit cards.
Some other
premium credit cards also provide 3 reward points for eligible purchases, but none of them rewards you with 3 reward points for purchases at grocery stores.
Like other recent «premium» cards released, this credit card looks like it's going to be a lower -
tier premium credit card with only a $ 150 annual fee.
While there are a lot of
excellent premium credit cards with high annual fees, you don't need to spend hundreds of dollars a year to get a card that offers incredible benefits.
There's just no guarantee that you'll get the best interest rates or
most premium credit cards — unless you compare offers across different financial institutions.
One of these great benefits carried by
many premium credit cards is the annual travel credit, an allowance for travel that your credit card issuer will reimburse you for.
It's important to point out that the Platinum's $ 200 airline credit is far more limited than similar credit provided by
other premium credit cards.
In order to enjoy these benefits, cardholders sometimes have to pay annual fees ranging anywhere from $ 45 to several hundred dollars
for premium credit cards.
Finally, this is one of the
few premium credit cards that truly offers more rewards from spending than similar, less expensive cards.
But over the past couple of years, the credit card market has been inundated with
new premium credit card products, as consumers become more comfortable about signing up for credit cards with higher annual fees.
The other major drawback is most
premium credit cards come with additional purchase protections such as extended warranty or «price rewinds.»
Since everyone uses perks
from premium credit cards differently I thought I would contribute my opinion on most used features and what it would take for me to keep the Citi Prestige card.
If you also own a Chase
premium credit card such as the Chase Sapphire Preferred ® Card or Chase Sapphire Reserve, the Ultimate Rewards Points earned on your Chase Freedom Unlimited ® become even more valuable when transferred to the premium card for redemption.
Each of the three major credit card payment networks, Visa, MasterCard, and American Express, offer 24/7 concierge service to
premium credit card users, too.
Amex has been making moves recently to stem the number of card holders it has almost certainly been haemorrhaging since the likes of Citi and, more recently, Chase
introduced premium credit cards to compete with the Amex Platinum Card.
Phrases with «premium credit cards»