The 5 Best Premium Credit Cards

By Jason Steele. Last updated 26 January 2018. 10 comments

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Your credit card doesn't just have to be a card; it can also be the key to unlocking a hidden world of priority access and premium service. At one time, these services were reserved for the truly wealthy people that some now refer to as "the 1%." Today, banks are eager to offer their most exclusive products to customers with good credit, if not extraordinary spending power.

While these cards do provide some pretty excellent perks, you should never get them just for the sake of prestige. But if you use credit cards responsibly and are already paying out of pocket for the free services they provide, they can be financially worthwhile. (See also: Best Credit Cards for People With Excellent Credit)

The Platinum Card® from American Express

In my opinion, American Express has made a name for itself by offering premium products in conjunction with unsurpassed customer service. The Platinum Card® from American Express offers an impressive array of benefits, including complimentary access to over 1,000 airport lounges worldwide, $200 airline fee credit annually, $75 hotel credit, fee credit for Global Entry or TSA Pre✓™, up to $200 annual savings on Uber rides, no foreign transactions fees, Starwood Preferred Guest Gold Status, Hilton Honors™ Gold Status, Platinum Card Concierge, and much more. Earn 5X points for flights booked directly with airlines or with American Express Travel, and 5X points on eligible hotels booked on You earn 1X point for other purchases. The annual fee is $550. Terms apply. See rates and fees.

Welcome Offer: 60,000 points after spending $5,000 on purchases within the first 3 months.

Click here to learn more and apply for the The Platinum Card® from American Express today!

Chase Sapphire Reserve℠

The Chase Sapphire Reserve℠ card is one of the most popular premium cards for travelers. This card awards 3X points per dollar spent on travel including airfare, hotels, taxis and trains and 3X points per dollar spent on dining at restaurants, including fast food and casual dining, and 1 point per $1 spent on all other purchases. You can get 50% more value when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. You also get travel benefits such as a $300 annual travel credit each account anniversary year and up to $100 application fee credit for Global Entry or TSA Pre✓®. The annual fee is $450.

Bonus Offer 50,000 bonus points when you spend $4,000 or more on your card during the first 3 months from account opening. This bonus can be worth $750 toward travel when you redeem through Chase Ultimate Rewards®.

Click here to learn more and apply for the Chase Sapphire Reserve℠ card today!

United MileagePlus Presidential Plus Visa from Chase

credit cardIf you want to earn United miles and enjoy their lounges, you could do a lot worse than to receive the United Airlines MileagePlus Presidential Plus Card. When traveling on United, cardholders enjoy priority check-in, express security screening (where available), priority boarding privileges, priority baggage handling, and two free checked bags. In addition, card members receive access to all United Clubs and over 200 other affiliated lounges such as the ones operated by US Airways. As with other premium credit cards, members receive several different purchase protection and travel insurance policies, as well as a dedicated concierge service. There is a $395 annual fee and no foreign transaction fees for this card. Finally, you know this is a great card because its name contains the word "Plus" twice.

MasterCard® Black Card™

visa black credit cardDon't tell anyone, but Barclay's Bank offers the MasterCard® Black Card™, (previously known as the Visa® Black Card™) in order to compete with other premium products on the market. Barclays apparently wants to keep this a secret because it is extremely difficult to find their name attached to the card. They do prominently boast that this product offers holders a limited membership, a 24-hour concierge service, and even a card made out of stainless steel and carbon (patent pending).

Cardholders earn one point for each dollar spent with the card. You can earn 2X value on points when redeemed for airfare — 50,000 points can be redeemed for a $1,000 ticket on amy airline without blackout dates or restrictions. 

There are no foreign transaction fees. Other perks include unlimited VIP airport lounge visits in over 200 cities and the occasional luxury gift delivered to your door. This card does have $495 annual fee.

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The 5 Best Premium Credit Cards
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Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Guest's picture

I'm loving my Chase Freedom card. 5% cash back on gas this quarter - cant be beat.

Guest's picture
Guest Muhammad Jahid Hasan

It is a nice deal. Thanks for sharing.

Guest's picture

For Canadians- I've had a lot of success with the PC Mastercard and blogged about how it works for us here:

Guest's picture

Have people had a lot of issues with their MasterCard getting accepted? I think that would prevent that card from being #1 anywhere. The J.P. Morgan Select card looks pretty good though, especially with the first year's fee waived.

Guest's picture

None of these credit cards are worth it! If you want to get the best rewards, then do some research into credit card arbitrage. Basically, you sign up for credit card promotions when they are giving away bonuses of $500 or more. I've done this with 5 credit cards in the past year, made over $4,000 and my credit score has actually gone up!

Guest's picture
Carl Lassegue

The American Express Platinum Card looks great, especially for people who travel a lot. I'm always envious of people with a Global Entry membership as I watch them walk through immigration in a 2 mins after I've been standing in line for immigration for about 45 minutes.

Guest's picture

I'm thinking of obtaining another CC just for emergency purchases. Those premium cards listed are mostly good for those that do alot of travelling to rack up flight benefits e.t.c.

I have been living consumer debt free for the last few years, see post.

Dwight Anthony
Financially Elite Blog dot com

Guest's picture

There's a very specific market for these cards. If you are traveling a lot and want to feel like a king, it might be worth it. For the rest of us, regular rewards card that doesn't carry that type of annual price tag is definitely better.

Guest's picture

This statment from the article says it all, " know this is a great card because its name contains the word “Plus” twice." You've got to be kidding me! Cards with $495 annual fees are "premium"? I'm sure that's the word the issuing banks are using while they gloat over the premium fees, premium interest and premium bunch of suckers that own/use these cards. Carrying a credit card balance is stupid, no matter what you make, and paying a $495 fee to have it in your wallet/purse is one notch dumber!

Guest's picture

I think you missed a card of very significant value. Wells Fargo offers a Mortgage Rebate Visa card. Instead of giving you "perks" that half of the population won't use, your earned points are credited towards the principal on your mortgage.

Guest's picture

The best card Is the Chase Sapphire card. I had the Amex Platinum for 3 years and it wasn't worth it. First off the Chase sapphire is $95 per year whereas the Amex Platinum is $450 per year. Amex charges $15-25 per car rental for insurance whereas it's FREE up to 250k with Sapphire. It's a no brainier people. I've racked up $1,372 in travel money just in my first year alone