5 Best Premium Credit Cards 2024: (Ranked & Reviewed)

When it comes to choosing a credit card, there are a lot of factors to consider. Do you want a card with rewards? A card with low-interest rates? A card with lounge access? Low annual fees? There are so many different cards on the market that it can be hard to decide which one is right for you. This blog post will rank and review the best premium credit cards on the market. We will look at each premium credit card’s features and pricing to help you decide which one is best for you!

What Are The Best Premium Credit Cards?

1) Chase Sapphire Reserve Credit Card

The Chase Sapphire Reserve premium credit card is known for its travel perks, but they have an excellent selection of dining, music, entertainment, and other experiences. It could be classified as a premium airline credit card. Some of the features of this premium credit card membership are:

• Earn 60,000 bonus points after you spend $4,000 on eligible purchases in your first 6 months upon account opening
• $300 airline fee credit
• 10X total points on Chase Dining eligible purchases with Chase Ultimate Rewards
• 10X total points on prepaid hotels and car rentals booked through Chase Ultimate Rewards after the first $300 is spent on travel purchases annually.
• 5X total points on flights purchased through Chase Ultimate Rewards
• 3X points on dining at restaurants worldwide
• 50% more redemption value on travel through Chase Ultimate Rewards
• 3X points on travel and 1X points per dollar for other eligible purchases
• Priority Pass Select membership which provides lounge access
• Access to Chase Sapphire Reserve events
• Trip Cancellation Insurance
• Car Rental Collision Insurance
• Zero Liability Protection
• Fraud Protection
• Global Entry or TSA Precheck statement fee credit of up to $100 every four years
• No foreign transaction fees

You can access the full benefits guide here.

Pricing:

The annual fee for The Chase Sapphire Reserve luxury credit card is $550, and they charge you $75 for each additional user. This is more than other premium credit cards, so consider that before making a decision.

APR:

18.49% to 25.49% variable

You can apply for the Chase Sapphire Reserve credit card here.

2) Mastercard Black Card

The Mastercard Black Card is part of a group of prestigious credit cards. It has some advantages over other premium credit cards, while the annual fee is still comparable. Some of the features of this premium credit card membership are:

• Global Entry or TSA Precheck statement fee credit of up to $100
• $100 annual airline credit
• Priority Pass Select Airport Lounge Access –
• Trip Cancellation Insurance
• Car Rental Collision Insurance
• MasterRental Coverage – Secondary coverage for car rentals
• Zero Liability Protection
• Fraud Protection
• No foreign transaction fees
• Cell Phone Protection
• Credit Monitoring
• 1X points per dollar
• 2% airfare redemption
• Luxury Card Concierge

Pricing:

The annual fee for the Mastercard Black luxury credit card is $495, and they charge you $195 for each additional user.

APR:

16.49% variable

You can apply for the Mastercard Black Card here.

3) The Platinum Card from American Express

The Platinum Card from American Express has a stellar reputation as a premium credit card. They are loaded with travel, dining, entertainment, fitness, and much more benefits. Some of the features of this premium credit card membership are:

• 5X membership rewards points on flights
• 5X membership rewards points on prepaid hotels booked
• 1X membership rewards points on other eligible purchases
• $200 hotel credit on prepaid Fine Hotels + Resorts or the Hotel Collection bookings
• $200 airline fee credit
• $200 Uber cash
• $189 Clear statement credit
• Eligible for Premium Car Rental Status on rental cars booked
• $100 statement credit for Global Entry or $85 statement credit TSA Precheck
• Global Entry or TSA Precheck statement fee credit between $85-$100
• International Airline Prorgam
• No Foreign Transaction Fees
• Car Rental Loss and Damage Insurance
• Trip delay coverage
• Trip cancellation coverage
• Earn 150,000 bonus points after you spend $6,000 on eligible purchases in your first 6 months upon account opening
• Cell Phone Protection
• Additional Amex Gold Card with no annual fee
• $300 statement credit ($25 worth of statement credits monthly ) for eligible Equinox club memberships

Pricing:

The annual fee for The Platinum Card by American Express is steep at $695, but you could make a case that the benefits outweigh that quite a bit.

APR:

17.49% to 24.49% variable

Pricing:

The annual fee for The Platinum Card by American Express is steep at $695, but you could make a case that the benefits outweigh that quite a bit.

APR:

17.49% to 24.49% variable

You can apply for the Platinum Card from American Express here.

 4) Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards is another excellent luxury credit card. Although they have many other perks, their travel benefits are some of the best. Some of the features of this premium credit card membership are:

• Earn 75,000 bonus points after you spend $4,000 on purchases in your first 3 months upon account opening
• $300 annual travel statement credit
• Global Entry or TSA Precheck statement fee credit of up to $100
• 10,000 bonus rewards/miles as an anniversary bonus every year
• 10X points/miles on prepaid hotels booked and rental cars booked through Capital One Travel
• 5X points/miles on flights booked through Capital One Travel
• 2X points/miles on other eligible purchases
• Capital One Lounge Access – 2 complimentary guests per visit
• Partner Lounge Access – unlimited complimentary access to 1400+ lounges
• Miles Don’t Expire and No Blackout Dates
• Cell Phone Protection
• Free Additional Cardholders
• No Foreign Transaction Fees
• Miles Redemption
• Referrals Bonus
• Lost Luggage Insurance

Pricing:

The annual fee for The Capital One Venture X Rewards credit card is almost half as much as the Platinum Card from American Express at $395, so this may be a serious consideration in using this premium credit card versus other luxury credit cards.

APR:

18.49% to 25.49% variable

You can apply for the Capital One Venture X Rewards credit card here.

5) Chase Sapphire Preferred Card

The Chase Sapphire Preferred premium credit card also has great benefits, like the Chase Sapphire Reserve credit card, but at a cheap annual fee. Some of the features of this premium credit card membership are:

• Earn 60,000 bonus points after you spend $4,000 on eligible purchases in your first 6 months upon account opening
• 3X points on online grocery purchases
• 3X points on select streaming services
• $50 annual Chase Ultimate Rewards hotel statement credit
• 5X total points on travel purchased through Chase Ultimate Rewards
• 3X points on dining at restaurants worldwide
• 25% more redemption value on travel through Chase Ultimate Rewards
• 2X points on travel and 1X points per dollar for other eligible purchases
• Trip Cancellation Insurance
• Car Rental Collision Insurance
• Fraud Protection
• Zero Liability Protection
• No foreign transaction fees
• 10% anniversary points boost

You can access the full benefits guide here.

Pricing:

The annual fee for The Chase Sapphire Preferred luxury credit card is $95, which has the lowest annual fee of all the exclusive credit cards.

APR:

17.49% to 24.49% variable

You can apply for the Chase Sapphire Preferred credit card here.

What is a Premium Credit Card?

A premium credit card is a type of credit card that offers high-end rewards and perks. These cards usually have annual fees, but the rewards and bonuses can be worth it for some people. Premium credit cards often include travel insurance, concierge services, and airport lounge access. A premium credit card may be right for you if you are looking for a credit card with high-end rewards and perks.

Who is the Best Premium Credit Card?

You will need to consider several different choices of the best premium credit cards. You won’t go wrong with the Chase Sapphire Reserve credit card or the Capital One X Ventures credit card for travel. If you want a low annual fee but want to get a few benefits, go with the Chase Sapphire Preferred credit card. The Platinum Card from American Express and the Mastercard Black Card may be more appealing if you have an affinity for those specific brand perks and access. You can’t go wrong with whichever one you select.

FAQ:

Should I get a premium credit card?

It depends on your spending habits and what you want on a credit card. If you travel often, a premium credit card with travel insurance and airport lounge access could be worth the annual fee. A premium credit card may not be worth the annual fee if you don’t travel often. Ultimately you need to do a cost analysis and determine if there is a greater return on the perks provided versus the annual fee.

How do you get an 800 credit score?

You can do several things to achieve an 800 credit score over time.

• Always pay your bills on time over an extended period – Creditors and lenders want to see an established history of being able to manage your expenses. This can lead to them increasing your credit limit as well. It is wise to pay by the bill date and not carry a balance. In others, pay off the total amount and have no minimum payment.
• Low Balances – This demonstrates to credit card companies and other lenders that you are managing healthy spending habits. Too much too quickly can raise a red flag. One consideration is if you have cash in the bank and want to take advantage of the rewards. You can charge a large item and then pay it off immediately.
• Monitor Your Credit History – You can obtain free credit reports from all three bureaus and make sure everything seems normal. If there are strange credit pulls or charges, contact the lender and the bureaus to ensure no fraud. You can also place additional protection via the bureaus to mitigate this risk.
• Work on Improving Your Credit History – If you have a past of making poor decisions or life events, work on ways to clean that up through credit repair or negotiating directly with lenders and credit card companies to improve your score. This can do wonders over time and paints a much better story when applying for new credit.