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Elite credit cards are loaded with perks and allow earning rewards. If you use all the benefits the card offers, they can be good value for money. It will be much cheaper to pay the card's annual fee (with can be pretty high) and get all the perks for free, rather than paying for the same services out of your pocket. Another advantage of prestigious credit cards is much higher credit limits compared to standard cards. You can easily use such a card for expensive items and services without being afraid to go over the limit (which is often not relevant on exclusive credit cards). One more advantage of elite credit cards is that you can use it instead of a travel credit card as most benefits are geared towards travel.