The content is accurate at the time of publication and is subject to change.

Exclusive credit cards with luxury benefits often come with hefty annual fees, so if you do not use the card's benefits, you may better be off with a lower tier credit card that has lower or no annual fee. However, exclusive credit cards justify their high annual fees by offering high-end benefits you can't get with a less expensive credit card. If you can put the benefits to use, you can easily cover the high annual fee of a premium credit card.

Also, make sure a premium credit card allows earning rewards. Since many prestigious credit cards are travel credit cards with rewards that are given for spending with a particular airline or hotel, you may not earn rewards on other purchases you make. If you want to earn rewards on all your purchases, check out regular credit cards with rewards instead.

tags : Credit Cards Rewards Premium Credit Cards

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products 'Terms & Conditions on the issuing banks' websites.