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

Premium credit cards work in a similar way to standard credit cards - you have a line of credit that you can use to make purchases and make monthly payments on your credit card. Interest rates do not usually differ much, but since premium credit cards are designed for people with excellent credit, you can expect rather low APRs. Where the two types of cards differ is perks and benefits, and premium cards may have higher credit limits.

Here are the benefits you can expect on a high-end credit card: worldwide travel insurance, access to airport lounges worldwide, rewards, concierge or personal assistance services, rental car insurance, or other benefits. Since premium credit cards are loaded with perks, they usually come with high annual fees. The annual fee between $400 and $550 is pretty normal for such cards.

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.