Credit Cards » Compare Credit Cards » Best Luxury Credit Cards Of February 2024
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Best Luxury Credit Cards Of June 2024

The best luxury credit card offer high point earning potential, premium travel perks, and greater insurance protections
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: June 3, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: June 3, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Luxury credit cards cater to high-net-worth individuals, offering exclusive perks and premium services. These cards often provide benefits like airport lounge access, elite status in hotel and airline loyalty programs, concierge services, and travel insurance.

They may also feature elevated rewards on travel, dining, and luxury purchases. Annual fees are common, reflecting the card's premium status. However, the approval process is stringent, requiring a strong credit history.

Here are The Smart Investor's best luxury credit cards for June 2024:

Chase Sapphire Reserve®

Reward details

1X – 10X

5X total points on air travel and 10X total points on hotels, car rentals and dining when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases.

Current Offer

60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Credit Rating

Good – Excellent

Annual Fee

$550

0% Intro

N/A

APR

22.49%–29.49% variable

This is Chase’s attempt to compete with Amex Platinum and to some extent, it succeeds.

While it may not have all the perks and benefits, there is elevated points earning, making it a good compromise for those who want some luxury perks but also want to rack up serious rewards.

The tiered reward structure is weighted towards purchases made via the Ultimate Rewards travel portal, but Lyft purchases and dining are also generously rewarded.

As with the Amex Platinum, you can get lounge access via Priority Pass and there is annual travel credit you can apply to any travel purchase. Chase also offers the Chase Sapphire Preferred which is a great travel card but lacks many of the travel benefits of the Reserve card.

  • APR: 22.49%–29.49% variable
  • Annual fee: $550
  • Balance Transfer Fee: $5 or 5%
  • Foreign Transaction Fee: $0
  • Rewards Plan:

    5X total points on air travel and 10X total points on hotels, car rentals and dining when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases.

  • Sign Up bonus: 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • 0% APR Introductory Rate period: N/A
  • annual travel credit of $300. For reimbursement of travel-related charges made to your card, you will receive a statement credit of up to $300.
  • If your carrier's journey is delayed for more than six hours, you may get up to $500 per ticket in travel reimbursement for lost luggage, up to a total of $3,000 per passenger.
  • Access to Chase Unlimited Rewards, where certain categories increase the value of your points. For instance, 50,000 points are worth $750 if you use them for vacation.
  • VIP airport lounge access to more than 1,000 lounges spread over more than 500 cities worldwide.
  • Once every four years, the Chase Sapphire Reserve card will pay for your TSA Precheck or Global Entry application fee. Typically, this expense ranges from $85 to $100.
  • 50% more when you make a reservation through Ultimate Chase Rewards. All travel-related expenses, such as lodging, transportation, and cruises, are covered.
  • Exclusive offers like free room upgrades, early check-in, and late check-out at a selection of hand-picked top hotels and resorts around the world.
  • No restrictions on when to use the points. Anytime during the year is a good time to redeem them. Neither an expiration date nor usage restrictions exist.
  • Insurance for travel interruption or cancellation:
    If you use your card to make your reservation, you will be compensated up to $20,000 per trip and $10,000 per person in the event that your trip must be shortened or canceled due to an eligible event.
  • What purchases don't earn cash back with the Sapphire Reserve? All purchases will earn you cashback with this card.
  • Should You Move to a Sapphire Reserve card?  If you travel a lot then this is a great option for you. It's recommended to understand your spending habits and compare the Reserve card with other premium travel cards such as the Amex platinum card.
  • Why did Chase deny me? What to Do Next? You might not have met one of its requirements. You will usually find out where you fell short. You might be able to rectify the issue or you might have to look elsewhere.
  • How hard is it to get Sapphire Reserve card? It is harder to get this card than some of the other Chase credit cards. However, if you have a credit score of at least 720 then you will be in with a good chance of getting approval.
Get highest tier of Chase Concierge services with the Sapphire Reserve card
Get highest tier of Chase Concierge services with the Sapphire Reserve card (Photo by Oleshko/Shutterstock)

The Platinum Card® from American Express

amex platinum

The Platinum Card® from American Express

Reward details

1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases

Current Offer

80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

Credit Rating

Good – Excellent

Annual Fee

$695

0% Intro

None

APR

21.24% – 29.24% APR Variable

This is easily the top pick for the best luxury credit card, as it is considered a flagship premium card. It has a tiered reward structure weighted towards Amex Travel purchases, but you can also access a long list of premium benefits. The leading perk of this card is lounge access (terms apply).

In addition to the American Express Centurion Lounges, there is also Priority Pass, which provides access to select Virgin Clubhouses, Lufthansa Lounges, Plaza Premium Lounges and Delta SkyClubs when you’re flying these airlines.

There is also statement credit to cover airline incidentals, hotel credit, Saks Fifth Avenue credit, and Global Entry/TSA PreCheck fee reimbursement.

The list of potential statement credit options adds up to far more than the annual fee, before you even consider the cost of lounge membership.

  • Up to $200 hotel credit per year when you book select prepaid hotels using your Platinum card via American Express Travel. Enrollment Required.
  • Up to $240 or $20 per month in Digital Entertainment Credit when you pay for one or more The New York Times, Peacock, SiriusXM or Audible products with your card. Enrollment Required.
  • Up to $155 in Walmart+ credit. When you use your card to pay for your monthly Walmart+ membership, you’ll get the full cost back every month, subject to auto-renewal. Enrollment Required.
  • Up to $200 in Airline fee credit per year when you charge incidental travel fees from selected airlines on your card. Enrollment Required.
  • Up to $300 back every year for eligible Equinox memberships when you enroll and pay using your card.
  • Up to $189 back per year when you use your card to pay for a CLEAR® Plus membership. Enrollment Required.
  • Travel: You can use your reward points to book travel purchases through Amex Travel, much like you do with Chase Ultimate Rewards or the Capital One Travel Portal.
  • Gift Cards: The Amex Membership Rewards portal offers a variety of gift card choices from a wide range of dining, retail, and travel establishments.
  • Statement Credit: You can apply your reward points to a charge you've made on your card as a statement credit.
    Transferring Points to Partner Programs: To maximize the flexibility of your points, you can also transfer them to partner programs like miles.
  • Shopping: A number of online merchants accept Amex Membership Rewards as payment.
  • Donations to Charities: Amex lets you use the JustGiving website to redeem points. Choose your favorite cause and donate at the rate of 0.7 cents for each point.
  • Products: You can also spend your points to buy products.
  • How to maximize rewards on Amex Platinum Card? There is a points-based system. You can redeem the points for a variety of rewards that are showcased on the Amex membership club. These include statement credit, gift cards, paying for certain services etc.
  • Top reasons NOT to get the Amex Platinum Card? If you do not travel a lot or you do not spend a lot of money when traveling. If you are looking for a card that covers a wide range of purchases at premium cashback rates. If you're looking for everyday spending rewards, the Amex gold card has an advantage over the Platinum card.
  • Is there a limit to rewards? There is a cap on getting the premium rate of cashback on certain types of purchases.
  • Can I get car rental insurance with Amex PlatinumYes, you will get it automatically once you decline the car insurance from the rental company and you pay the full rental charge using this card.  
  •  Does Amex Platinum ask for proof of income? You need to have an income of at least $50,000 usually and might need to provide proof of income.
  • Does card rewards points expire? They do not have an expiration date.
  • Can I get pre-approved?  Yes, you can get pre-approval for this card.
Amex platinum travel perks
The Amex platinum card offers a variety of travel perks, including access to the best hotels (Photo by N_PH0T0/Shutterstock)

Capital One Venture X Rewards

Venture X Rewards

Capital One Venture X Rewards

Reward details

1X – 10X 10 miles per dollar on hotels and rental cars when booking via Capital One Travel, 5 miles per dollar on flights and 2 miles per dollar on all eligible purchases

Current Offer

75,000 miles 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

Credit Rating

Good – Excellent

Annual Fee

$395

0% Intro

N/A

APR

19.99% – 29.99% (Variable)

The Capital One Venture X Rewards Credit Card has a lower annual fee compared to many other luxury credit cards. However, you can still earn superb rewards, particularly on hotels, rental cars, and flights.

The rewards rate is one of the highest on market with 10 miles per dollar on hotels and rental cars when booking via Capital One Travel, 5 miles per dollar on flights and 2 miles per dollar on all eligible purchases. The sign up bonus includes 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening.

You’ll also receive a miles bonus on your card anniversary, lounge access via Priority Pass, and complimentary Hertz President’s Circle Status. The perks package is rounded out with several insurance coverages, and you can add up to four authorized users to the account with no additional annual fee.

  • Rewards Plan: 10 miles per dollar on hotels and rental cars when booking via Capital One Travel, 5 miles per dollar on flights and 2 miles per dollar on all eligible purchases
  • APR: 19.99% – 29.99% (Variable)
  • Annual fee: $395
  • Balance Transfer Fee: 3% for promotional APR offers, none for balances transferred at regular APR
  • Foreign Transaction Fee: $0
  • Sign Up bonus: 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening
  • 0% APR Introductory Rate: N/A
  • Statement Credit For Travel
  • Better Rewards Rate, Sign-Up Bonus
  • Capital One Travel Portal
  • No Foreign Transaction Fee
  • $395 Annual Fee
  • No Upgrading or Elite Status
  • Smaller Network

What are the income requirements?

Neither issuer specifies a minimum income, but you will need excellent credit for the Venture X. Your income will be a factor for consideration, but it will not be the sole factor. If proof of income is required to support your application, the card issuers will contact you with a list of acceptable documents. 

Can you get pre approval?

Capital One requires that you complete a full application for the Venture X, which will involve a hard credit pull.

What is the initial credit limit?

You can expect an initial credit limit of $5,000 to $30,000 with the Capital One Venture X.

How much is 10,000 miles worth?

The average value of Capital One miles is one cent per mile. This means that 10,000 miles would be worth $100. However, it may be possible to get a higher redemption rate with partner programs.

How’s the card customer service availability?

 Capital One has a customer service line that is available 24/7, so you can access help at any time of the day or night

How long does it take for approval?

Capital One aims to give an approval decision within a few minutes, unless additional information is required to support your application. In this case, it can take a further 7 to 10 days. After approval, you should receive your card within 10 days.

Venture X Reward Home Page
Venture X overview on app (Screenshot taken by our team from Capital One app)

Delta SkyMiles® Reserve American Express

Reward details

1X – 3X 3X miles per dollar on eligible Delta flights and Delta Vacations® with 1X miles on all other purchases

Current Offer

95,000 miles


Earn 95,000 bonus miles after you spend $6,000 in purchases on your new card in your first six months

Credit Rating

Good – Excellent

Annual Fee

$650

0% Intro

N/A

APR

20.99%-29.99% Variable

This is another American Express card, but it is a must for those who frequently fly Delta. This co-branded card offers rewards on all purchases, particularly Delta, but where it really shines is the list of benefits. For example, there is complimentary SkyClub access when you fly Delta Airlines, or you can use the Centurion or Escape Lounges.

The card also provides a status boost if you hit the annual spending requirement, there is a first checked bag free for you and up to eight travel companions, priority boarding, and a companion certificate on your account anniversary.

Some non-Delta benefits include travel insurance, cell phone insurance, and reimbursement for Global Entry/TSA PreCheck application fees.

  • Rewards Plan: 3X miles per dollar on eligible Delta flights and Delta Vacations® with 1X miles on all other purchases
  • APR: 20.99%-29.99% Variable
  • Annual fee: $650
  • Balance Transfer Fee: N/A
  • Foreign Transaction Fee: $0
  • Welcome Bonus: Earn 95,000 bonus miles after you spend $6,000 in purchases on your new card in your first six months
  • 0% APR Introductory Rate: N/A
  • First Class, Comfort+® or Main Cabin
  • Free Global Entry or TSA PreCheck
  • Upgrades
  • No Foreign Transaction Fee
  • Trip Delay Insurance
  • Medallion Status Boost
  • The Centurion® Lounge
  • Free First Checked Bag
  • Car Rental Damage and Loss Insurance
  • $650 Annual Fee
  • Rewards Rate Could Be Better

Can I Get Preapproved?

American Express does allow you to see if you can pre qualify for the Delta SkyMiles Reserve in just 30 seconds on the official website.

What is the Initial Credit Limit?

There is no stated initial credit limit for the Delta SkyMiles Reserve, but there are reports that it can be quite high.

How Much is 10,000 Miles worth?

American Express has a typical average redemption for their miles of about 2 cents per mile. However, this depends on your redemption method, as it can be as low as 1 cent per mile.

When you should Move to the Delta Reserve card?

If you’re a frequent traveler with  Delta, the Delta SkyMiles Reserve respectively are a good option. You can get decent rewards, but after the initial introductory period, you may find there are more attractive Delta reward cards available.

Does the Card Insurance Cover Flight Cancellation?

Yes, the card offers trip cancellation/interruption insurance, which provides reimbursement if your trip is delayed or canceled due to a covered incident.

What's the top reason to skip the Delta Reserve?

Although these it's a travel travel cards, if you are looking for cards that offer both travel and other purchase rewards, there are better options on the market. These cards are really only the best option for frequent flyers with the respective airlines.

Delta Sky Club lounge at LAX International Airport in Los Angeles, California
Delta Sky Club lounge at LAX International Airport in Los Angeles, California

United Club℠ Infinite Card

united infinite card

United Club℠ Infinite Card

Reward details

Up to 4x miles


4x miles on United Airlines purchases, 2x miles on all other travel purchases, dining and eligible delivery services and 1x miles on all other purchases

Current Offer

90,000 miles 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening

Credit Rating

Good – Excellent

Annual Fee

$525

0% Intro

N/A

APR

21.99% – 28.99% variable

The United Club℠ Infinite Card is a high-end travel card for frequent United passengers. Cardholders earn
4x miles on United Airlines purchases, 2x miles on all other travel purchases, dining and eligible delivery services and 1x miles on all other purchases
. If you're looking for a luxury airline card, you may want to compare it with the Citi AAdvantage Executive card or the Delta SkyMiles Reserve card.

You have access to the Luxury Hotels & Resorts collection, which offers extras like breakfast for free, early check-in and late check-out, and accommodation upgrades at more than 1,000 luxury hotels and resorts around the world. Primary cardholders have the opportunity to achieve elite status, which entitles them to free hotel upgrades, late check-out hours, and other travel perks.

You should, however, make sure to cover the high annual fee of $525. 

  • Access to United Club (and participating Star Alliance™ affiliate) airport lounges worldwide for cardholders and up to two guests
  • Up to $100 statement credit every four years when you enroll in NEXUS, TSA PreCheck or Global Entry.
  • Primary cardholder and up to one companion on the same reservation can get their first and second checked bags free on United flights
  • Trip cancellation/interruption insurance — Up to $10,000 per person and $20,000 per trip reimbursement for prepaid, non-refundable travel expenses.
  • Baggage delay insurance — Up to $100 reimbursement per day for 3 days for baggage delays over 6 hours.
  • Lost luggage reimbursement — For luggage lost or damaged by the carrier, you are covered for up to $3,000 per passenger.
  • IHG Rewards Platinum Elite
  • Luxury Hotels & Resorts Collection
  • Baggage Insurance
  • Trip Delay Coverage/Trip Cancellation/Interruption Coverage
  • High Annual Fee
  • Balance Transfer Fee
  • Limited Non United Flight Redemptions

Can I redeem for flights with airline partners?

United has over 30 airline partners, with which you can spend your miles. Of course, you will get preferential redemption rates if you choose a United operated flight, but it is still possible to use your miles with airlines including Lufthansa, SkyWest,  Air Canada, Trans States, Aer Lingus, and GoJet.

Can I get pre approved?

Chase does not typically have pre approval for the United Club Infinite card. When you apply online, Chase will pull a hard credit search.

Can I get car rental insurance?

The United Club Infinite card does have auto rental collision insurance if you pay for the rental with your card and decline the car rental company’s optional coverage.

Does the card insurance cover flight cancellation?

The United Club Infinite does have trip interruption/cancellation insurance that allows you to have pre paid, non refundable charges reimbursed. So, if your flight is canceled and you incur non reimbursed charges, you could recover them on your insurance.

What are the card income requirements?

The United Club Infinite card requires excellent credit. Your  income will be used to determine your credit limit once approved.

Do the miles expire?

The United Club Infinite miles have no expiry date.

How much is 10,000 miles worth?

The average redemption value for United Club miles is about two cents per mile, depending on your redemption method. This means that 10,000 miles could be worth $200 with the United Club Infinite.

United Polaris Lounge at the San Francisco Airport
Inside United Airlines Polaris Lounge at the San Francisco Airport (Photo by JJava Designs/Shutterstock)

Marriott Bonvoy Brilliant® American Express® Card

amex brilliant

Marriott Bonvoy Brilliant® American Express® Card

Reward details

2X – 6X


6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases

Current Offer

95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Credit Rating

Good – Excellent

Annual Fee

$650

0% Intro

None

APR

20.99% – 29.99% Variable
On Amex Website, Terms Apply

The Amex Bonvoy Brilliant card can be a fantastic luxury card option and one of the best hotel cards for you if you're a devoted Marriott customer. The card offers 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases. You can redeem Marriot points for free nights, upgrades, and more.

While it has a high annual fee of $650, the card provides great travel benefits and Marriott reward-earning opportunities. With a greater redemption cap than other Bonvoy cards, the Bonvoy Brilliant credit card allows you to maximize the value of your yearly free night award.

Since this is an American Express card, you can also take advantage of special Amex benefits. This makes it a premium Marriott Bonvo credit card that's perfect for heavy spenders, frequent travels, and Bonvoy devotees. 

  • Every year following the month of your card renewal, you will receive 1 free night.
  • At participating hotels, a Marriott Bonvoy Platinum Elite member will earn 50% additional points on qualified transactions.
  • Get up to $300 in statement credits per calendar year (up to $25 per month) for qualified restaurant purchases each time your card is renewed.
  • Regardless of the airline or flight class you are travelling, sign up for Priority Pass Select, which allows unrestricted access to more than 1,200 lounges in over 130 destinations.
  • You can earn 25 Elite Night Credits toward the subsequent level of Marriott Bonvoy Elite membership each year. Per Marriott Bonvoy member account, restrictions apply.
  • Protection for cell phones: You may be compensated for the costs of replacing or repairing a damaged or stolen cell phone.
  • You can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory when you use your Eligible Card to book and pay for the Entire Rental and decline the collision damage waiver (CDW) at the Rental Company counter.
  • When you pay the entire fare for a ticket for a common carrier vehicle (such as a plane, train, ship, or bus), you are covered for lost, damaged, or stolen baggage.
  • Terms apply
  • Annual Marriott Bonvoy Credit
  • Gold Elite Status
  • Global Entry/TSA PreCheck Credit
  • No Foreign Transaction Fees
  • Property Credit
  • Free Night Award
  • Airport Lounge Access
  • Purchase and Travel Protections
  • Annual Fee
  • Limited Elite Status
  • Specialized Rewards

Does the Marriott Bonvoy Brilliant Card offer a Global Entry or TSA PreCheck application fee credit?

Yes, the card provides a credit of up to $100 for either Global Entry or TSA PreCheck every four years.

Can you use Marriott Bonvoy points for experiences through Marriott Bonvoy Moments?

Yes, cardholders can redeem points for unique culinary, arts, and entertainment experiences.

What is the value of Marriott Bonvoy points when redeemed for free stays?

Point values vary, but on average, Marriott Bonvoy points are estimated to be worth 0.8 cent each.

What are the alternatives to the Marriott Bonvoy Brilliant Card for hotel rewards?

Alternatives include the Hilton Honors American Express Aspire Card and The Platinum Card from American Express, each offering unique benefits.

What are the perks of Marriott Platinum Elite status offered by the Bonvoy Brilliant Card?

Platinum Elite status includes benefits like room upgrades, complimentary breakfast, and lounge access at Marriott properties.

Can you transfer Marriott Bonvoy points to airline partners with the Bonvoy Brilliant Card?

Yes, you can transfer points to more than 35 airline partners, but it's generally not the most value-efficient option.

bid on Marriot Bonvoy Moments
bid on Marriot Bonvoy Moments (screenshot taken by our team from Marriot website)

Citi AAdvantage® Executive World Elite Mastercard®

Citi AAdvantage® Executive World Elite Mastercard®

Citi AAdvantage® Executive World Elite Mastercard®

Reward details

1X – 10X 10X AAdvantage® miles on eligible rental cars/hotels through aa.com, 4X miles on eligible American Airlines purchases and 1X on all other purchases

Current Offer

70,000 miles 70,000 American Airlines AAdvantage® bonus miles after spending $7,000 in purchases within the first 3 months of account opening

Credit Rating

Good – Excellent

Annual Fee

$525

0% Intro

N/A

APR

21.24% – 29.99% (Variable)

The Citi® / AAdvantage® Executive World Elite Mastercard® offers similar perks to other luxury airline cards.  With a $450 annual cost, it's targeted directly at American Airlines frequent flyers who value the superior travel advantages in exchange for the high annual price.

The card offers 10X AAdvantage® miles on eligible rental cars/hotels through aa.com, 4X miles on eligible American Airlines purchases and 1X on all other purchases and a welcome bonus of 70,000 American Airlines AAdvantage® bonus miles after spending $7,000 in purchases within the first 3 months of account opening. These miles can be redeemed for American Airlines flights, hotels, and even on American Airlines airline partners.

In addition to the Admirals Club membership, the Citi AAdvantage Executive World Elite Mastercard offers some other American Airlines extras such as AAdvantage Elite Qualifying Miles, TSA PreCheck credit of $100 every five years, American’s Reduced Mileage Awards discounts and first checked bag free.

  • Rewards Plan: 10X AAdvantage® miles on eligible rental cars/hotels through aa.com, 4X miles on eligible American Airlines purchases and 1X on all other purchases
  • APR: 21.24% – 29.99% (Variable)
  • Annual fee: $525
  • Balance Transfer Fee: $5 or 5% (whichever is greater)
  • Foreign Transaction Fee: $0
  • Sign Up bonus: 70,000 American Airlines AAdvantage® bonus miles after spending $7,000 in purchases within the first 3 months of account opening
  • 0% APR Introductory Rate: N/A
  • Admirals Club Membership
  • Reimbursement for TSA PreCheck or Global Entry
  • Free First Checked Bag
  • Enhanced Airport Experience
  • Dedicated Concierge
  • Non-Flight Benefits are Limited
  • Few Non-Travel Perks
  • Annual Fee
  • There is no insurance coverage

Can I get car rental insurance?

Unfortunately, the AAdvantage Executive doesn't offer a rental car insurance.

What are the card income requirements?

it is possible to obtain the Citi AAdvantage card with good to excellent credit. However, there are no stated income requirements. Your credit score will be used to determine your eligibility, while your income will determine your credit limit upon approval.

Can I redeem for flights with airline partners?

Other airlines have few redemption options with American Airlines. You can use your AAdvantage miles on JetBlue flights, but only on American Airlines flights.

Citi AAdvantage Executive World Elite Mastercard Credit Card overview
(Photo by photobyphotoboy/Shutterstock)

U.S Bank Altitude Reserve Visa Infinite Card

U.S. Bank Altitude® Reserve Visa Infinite® Card

U.S Bank Altitude Reserve Visa Infinite Card

Reward details

1X – 5X 5 points per dollar on prepaid hotels and car rentals booked directly in the Altitude Rewards Center, 3 points per dollar on eligible travel purchases and mobile wallet spending and 1 point per dollar on all other eligible net purchases

Current Offer

50,000 points 50,000 points worth $750 on travel after spending $4,500 in the first 90 days of account opening

Credit Rating

Good – Excellent

Annual Fee

$400

0% Intro

N/A

APR

16.24% (Variable)

The U.S. Bank Altitude Reserve Visa Infinite Card offers competitive rewards for travel spending categories. The cards earns 5 points per dollar on prepaid hotels and car rentals booked directly in the Altitude Rewards Center, 3 points per dollar on eligible travel purchases and mobile wallet spending and 1 point per dollar on all other eligible net purchases.

With a $325 annual travel credit, cardholders can offset travel expenses such as flights, hotels, and car rentals. Additional perks include Priority Pass Select membership, car rental discounts, and a 30% discount on Silvercar rentals.

However, despite its $400 annual fee, the card lacks travel transfer partners, has limited airport lounge access (four visits per year), and imposes a minimum redemption amount for hotels and rental cars.

  • APR: 16.24% (Variable)
  • Annual fee: $400
  • Balance Transfer Fee: N/A
  • Foreign Transaction Fee: $0
  • Rewards Plan: 5 points per dollar on prepaid hotels and car rentals booked directly in the Altitude Rewards Center, 3 points per dollar on eligible travel purchases and mobile wallet spending and 1 point per dollar on all other eligible net purchases
  • Sign Up bonus: 50,000 points worth $750 on travel after spending $4,500 in the first 90 days of account opening
  • 0% APR Introductory Rate period: N/A
  • Generous Rewards
  • Annual Travel Credit
  • Priority Pass Select
  • Luxurious Features
  • High Annual Fee
  • Limited Lounge Access
  • Redemption Limitations

Are there any restrictions on using the Real-Time Rewards program?

While you can redeem rewards instantly using Real-Time Rewards, there's a minimum redemption amount of $150 for rental cars or hotels.

How many lounge visits do I get with Priority Pass Select?

The card offers a 12-month Priority Pass Select membership with four free lounge visits per year for the cardholder and a guest.

How can I maximize the value of my points?

Redeem points through the Altitude Rewards Center for travel to get a 50% bonus, enhancing their value.

Does the card provide benefits for Global Entry or TSA PreCheck?

Yes, cardholders can receive up to a $100 statement credit every four years when applying for Global Entry or TSA PreCheck.

Is the U.S. Bank Altitude Reserve card suitable for international premium flights?

The fixed-value redemption system may not be optimal for those seeking premium international flight redemptions typically offered by transferable points programs.

Bank of America® Premium Rewards® Elite

Bank of America® Premium Rewards® Elite

Bank of America® Premium Rewards® Elite

Reward details

1.5x – 2x 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases

Current Offer

75,000 points


75,000 bonus points if you spend $5,000 or more within 90 days of opening your account

Credit Rating

Good – Excellent

Annual Fee

$550

0% Intro

N/A

APR

20.24% – 27.24%

The Bank of America® Premium Rewards® Elite credit card targets existing Bank of America customers seeking an upscale travel credit card, offering competitive rewards for those at the highest tiers of the Preferred Rewards program. The card earns 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases. Preferred Rewards members can boost rewards by 25% to 75%.

Travel benefits include a $300 annual airline incidental fee credit, Priority Pass lounge access, and a 20% discount on airfare redemption through Bank of America's Travel Center. Additional perks encompass a $100 TSA PreCheck/Global Entry credit, a $150 annual lifestyle credit, and various Visa Infinite benefits.

Despite its competitive perks, the annual fee is highm rewards ratio is average and it lacks travel transfer partners, limiting redemptions to Bank of America's travel portal.

  • APR: 20.24% – 27.24%
  • Annual fee: $550
  • Balance Transfer Fee: 3%
  • Foreign Transaction Fee: $0
  • Rewards Plan: 2 points for every dollar you spend on travel or dining purchases, with 1.5 points per dollar on all your other purchases
  • Sign Up bonus: 75,000 bonus points if you spend $5,000 or more within 90 days of opening your account
  • 0% APR Introductory Rate period: N/A
  • High Rewards for Preferred
  • Rewards Members
  • Airline Benefits
  • Statement Credits
  • Visa Infinite Benefits
  • High Annual Fee
  • Similar Rewards Structure to Lower-Fee Version
  • Restricted Travel Portal
  • Competitive Alternatives

Can points be redeemed for cash back?

Yes, points can be redeemed for cash via direct deposit to Bank of America accounts, credit redemptions to Merrill accounts, or as statement credits.

Does the card provide airport lounge access?

Yes, enrolled cardholders receive a 12-month Priority Pass Select membership for access to airport VIP lounges worldwide.

What is the redemption value of points for travel?

Points are worth 1 cent each when redeemed for travel, but a 20% discount is applied when booking airfare through the Bank of America Travel Center.

How does the card compare to the Bank of America® Premium Rewards® credit card?

The Elite card shares a similar rewards structure but comes with additional benefits and a higher annual fee compared to the Premium Rewards credit card.

What are the Visa Infinite benefits offered with the card?

Visa Infinite benefits include trip delay insurance, trip cancellation coverage, lost luggage reimbursement, primary auto rental coverage, and access to Visa's concierge service.

Is there a limit to the number of points that can be earned?

No, there is no specified limit on the number of points that can be earned, providing cardholders with unlimited earning potential.

Plaza Premium Lounge, part of Priority pass
Plaza Premium Lounge, part of Priority pass

What is a Luxury Credit Card?

A luxury or premium credit card is a card that offers a variety of luxury benefits such as increased point earning potential, greater insurance protections and lounge access. In most cases, these benefits are not airline specific, so you can get maximum value from your card even if you are not, particularly brand loyal to a specific airline.

In fact, some of the luxury benefits may not even be travel related. You could enjoy shopping credits, elite hotel status, and dining experiences.

So, even if you don’t tend to travel regularly, you can leverage the benefits of your luxury card. Of course, these luxury benefits do tend to come at a cost. You can expect to pay a high annual fee, but this is usually offset by the value of the card perks and benefits.

Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
85,000 miles 85,000 bonus miles after you spend $4,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

What to Look for When Choosing a Luxury Card?

There are some excellent offerings on the market, but if you’re looking to choose the right luxury card for you, there are several things that you should consider:

  • The Annual Fee: First and foremost, you need to look at the annual fee that you’ll need to pay each year. You will need to assess the benefits and rewards offered with the card to see if you will be able to easily offset this charge.
  • The Benefits: You will also need to assess whether the benefits and perks of the card will be of value to you. If you enjoy a luxury travel experience, lounge access, free checked bags and priority boarding are likely to have real value for you. However, if you don’t travel regularly, you’ll need to check if there are sufficient non-travel perks that you’ll use.
  • The Rewards Structure: Ideally, your card will have a reward structure that allows you to earn the maximum cash back, points or miles without altering your typical spending patterns. Look at the highest reward categories or you can designate top-tier categories to see if these are areas where you tend to spend the most.
  • Other Fees and Charges: While you may be focused on the annual fee, it is also important to check what other fees or charges would apply to your account. Even nominal fees such as a 3% foreign transaction fee can quickly add up if you tend to travel abroad regularly.
  • The Network: Another important consideration is what credit card network the card uses. There are four credit card networks; Visa, Mastercard, American Express and Discover. Which one your card uses may not be important to you if you live in an area where all are readily accepted.

However, if you tend to travel to Europe or other areas of the world, you may find it more difficult to find merchants that accept American Express or Discover.

  • Welcome Bonus Requirements: Finally, many luxury credit cards have welcome bonuses for new cardholders. These bonuses usually have a minimum spending requirement that you’ll need to meet within a designated time period. You need to feel confident that you can meet these bonus requirements comfortably without changing your spending habits.

There is no point in going for a card with a massive welcome bonus if you would be unable to hit the spending requirement in time. It is better to go for a card with a more modest spending requirement that you are certain that you can meet.

Use luxury credit cards on vacations
(Photo by ventdusud/Shutterstock)

What Luxury Benefits Can You Get?

Although the benefits for each luxury credit card can vary from card to card, there are some common benefits that you may be able to access. These include:

Many credit card issuers have partnerships with dining companies, so you may be able to get statement credit when you use Grubhub or other food delivery services.

Some cards also offer statement credit when you use your card for eligible restaurant purchases.

You may also receive statement credit when you use Uber or Lyft services, depending on the card issuer’s partnership agreements.

Many luxury credit cards are aimed at travelers and in addition to traveler benefits, you may also receive annual travel credit against eligible travel purchases. For example, the Chase Sapphire Reserve offers up to $300 per year.

Leverage travel credit for luxury
Leverage travel credit for luxury hotels (Photo by Gabo_Arts/Shutterstock)

This is a major luxury perk for many people, as lounge memberships can cost hundreds of dollars a year. If you have an airline co-branded card, you may have an airline lounge membership included in your card perks. 

Alternatively, you could have a Priority Pass or a membership for a card issuer network of lounges such as Amex’s Admirals Club.

Although basic insurance coverage plans may be included with more basic cards, the top travel credit cards tend to offer a comprehensive package.

This could include baggage insurance plans, trip delay insurance, reimbursement cover, and other insurances that will provide peace of mind when you travel and eliminate the need to purchase coverage from your travel agent.

Capital One Venture X travel insurance
The Capital One Venture X card travel insurance is one of the most extensive in the industry (Photo by Africa Studio/Shutterstock)

Another perk of many luxury credit cards is access to luxury collections of hotels and resorts, such as with the Chase Sapphire Reserve.

This is a collection of premium locations where you can book exclusive deals on stays to make a break particularly special.

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Are Luxury Cards Worth It?

While a list of great perks is nice, this doesn’t necessarily mean that a luxury card would be worth it for you. There are both pros and cons associated with luxury cards and it is important to be aware of these before you make a final decision.

Pros
Cons
Increased Rewards
Excellent Credit Needed
Greater Variety of Perks
High Annual Fee
Higher Credit Limit
Weighted Towards Travel

Typically, luxury cards offer a higher rate of rewards, which makes it easier to accumulate sufficient points, miles or cash back for your preferred redemption method.

The cards also tend to be more generous, so you can enjoy a higher rewards rate in multiple categories, rather than just the top tier spending.

The most obvious advantage of luxury cards is that you tend to get a massive list of perks and benefits.

These vary according to the specific card, but they are usually more than sufficient to offset the annual fee.

Since these cards are considered premium or luxury, they tend to offer a higher credit limit compared to many other credit cards.

This means that you can take full advantage of the rewards, by using the card for the majority of your spending without needing to make a payment to your account mid month.

Most, if not all, luxury credit cards require that you have excellent credit to qualify.

These cards tend to be the top of the line product for each credit card issuer, so they reserve them for only the best possible customers. This means that if you have less than perfect credit, you may struggle to get your hands on one.

All of those perks do come at a cost and the annual fee for luxury cards can run to hundreds of dollars a year.

While this may be offset with the perks, if you have a spell where you cannot use the card benefits, you could be left out of pocket.

Many of the card benefits and reward redemptions tend to be weighted toward travel.

So, if you’re not a regular traveler, you may struggle to harness the full potential of the credit card.

Luxury travel cards
(Photo by SFIO CRACHO/Shutterstock)

When to Consider a Luxury Credit Card?

If you tend to travel regularly and will appreciate lounge access, free checked bags and other travel perks, the higher annual fee is likely to be easily offset. In this scenario, you can enjoy a more luxurious experience every time you travel. You may even be able to enjoy priority boarding, and other benefits that will allow you to start your vacation early.

Luxury cards are also a good idea if the statement credit perks easily mesh with your typical spending habits. If you can earn $100 statement credit here and $100 statement credit there, you’ll easily cover the annual fee.

When You Shouldn’t Consider a Luxury Card

While you may want to enjoy a luxury airport experience and the other perks of a luxury card, if you only tend to travel once or twice a year, this type of card simply may not be worth it for you. Although airport lounge membership can run to hundreds of dollars per year, you can usually purchase a day pass, which will allow you to enjoy the lounge regardless of what card you carry.

Luxury cards are also not a good idea if you tend to carry a balance or need to transfer a balance. These cards rarely offer an introductory rate, so you would be better with a more specific balance transfer card.

How Does Inflation Impact Luxury Credit Cards?

With inflation on the rise in the U.S and around the world, you would not be alone in wondering how inflation can impact luxury credit cards. In this regard, they are very similar to most credit cards.

Luxury credit cards tend to have a variable rate, which means that when the base rate goes up, you can expect a notification from your credit card issuer letting you know that your rate is also going to go up. This means that if you’re carrying a balance on your card, you’ll be paying more in interest charges.

Another thing to consider is whether the high rate of inflation will impact your lifestyle. If you’re tightening your financial belt and not traveling as frequently, you’ll be getting less value from your card perks, such as free checked bags, lounge access, and travel insurance coverage. This means that you may have greater difficulty offsetting the annual fee.

You will also need to consider whether the rate of inflation will impact your card redemption deals. If inflation is increasing the cost of flights, surcharges and hotel bookings, you will need more points or miles to book your award.

Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
85,000 miles 85,000 bonus miles after you spend $4,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

How to Maximize Your Luxury Card?

If you’ve qualified for a luxury credit card, you’ll want to make the most of it. Fortunately, there are some simple ways to maximize your luxury card. These include: