Platinum credit cards or other related names like the elite or premium credit cards provide a lot of luxury and convenience in every aspect of the card to the holders. These cards are usually created for those who have good histories and lots of purchasing capacity. This will be a reference guide in which the author will look at the different aspects of the selective credit cards.
What Is Considered As Exclusive Credit Cards?
Super prime credit cards can be considered as being even superior to standard types and focus on those clients who expect the most regarding the rewards, services, and the possibility to enjoy the top-quality experience.
These premium cards are known to have high fee charges which are taken on a yearly basis and this may shock card users at first glance. Yet it is seen that such fees open up a realm of opportunities that are incomparable to anything else and the fees are worth it.
- Enhanced Rewards: Standard cards should be ashamed of the rewards programs that come with exclusive cards. Cardholders can rack up their points or miles at a much quicker pace and be able to have access to free flights, hotels and other travel related experiences. Moreover, these cards come with attractive welcome offers, meaning that your reward balance will be boosted from the moment you receive the card.
- Superior Customer Service: Exclusive credit cardholders should not be subjected to poor services hence they have to be very cautious when choosing one. There are always account managers to help you with any issues or needs that you may have. They are able to assist any of their clients in organizing any traveling arrangements, taking care of any errands, or even offer financial services. By having this credit card, there is always someone by your side to help walk you through the issues of your money.
- Access to Exclusive Events and Experiences: The usual cards, especially the affluent ones, come with privileges that allow the holder to access certain events and experiences that the normal citizens can only dream of. From the concerts, and sporting activities right to the parties and dining, these cards are as rich and exclusive as it gets.
- Travel Perks: Travelers, especially the business ones, are very lucky to have exclusive cards. This site says that they are usually associated with various travel privileges such as access to airport lounges, boarding ahead of others and free check-in baggage. Such privileges enhance trips and reduce the challenges associated with it so that the individual can easily concentrate on the journey.
- Concierge Services: It’s often found that exclusive cards can provide concierge services where they can assist you with virtually anything such as making reservations for a restaurant that is very difficult to get into or hire a car for yourself or even get yourself the perfect gift. You can be sure that with a concierge you have someone who will do all the work for you while you get to have a one of a kind experience.
Advantages of Having a Special Credit Card
Superior Rewards Programs
A frequent feature of exclusive cards is their highly developed and effective rewards programs. Consumers usually receive more points or cash rebates on specific purchases such as on travel, eating out, and going to the movies. These rewards can be used to purchase anything from traveling tickets, statement credits, to luxury items.
Travel Perks
People who travel often will find that membership in a given club, associated with an exclusive credit card, is loaded with numerous travel-related bonuses. Some of these may include; free access to airport lounges, free upgrade on flights, insurance while traveling, and no charges for transactions made in foreign currency. Certain cards also have annual travel credits that help in the reimbursement of airfare, accommodation or any other travel related expense.
Concierge Services
One of the features of many of the premium cards is the availability of the concierge service available to the cardholder around the clock, and capable of making almost anything from the dinner table reservations to tickets for the event and travel arrangements. This added and personalized service increases comfort of the card-holder and is a feature of credit-card services.
Exclusive Events and Experiences
This is especially the case with holders of special cards where the cardholders are usually invited to special performances, games, and other special occasions. These events are aimed to offer a chance and create moments that cannot be found and bought anywhere by common people.
Things to Keep in Mind
For the exclusive cards they are very expensive with annual fees of four hundred dollars to one thousand five hundred dollars or more. Thereby, it becomes necessary to assess the value that a card offers in relation to the expenditures required to obtain it. For those who will fully take advantage of the offered benefits of the card, the overall amount of fee paid may be insignificant and hence can offer value for the money, but this may not be the case with everyone.
These cards are normally issued to those with high credit scores and these are normally above 720. However, it is always wise to verify your credit score before applying for verdens beste kredittkort, so that it meets the requirements of the card issuing company. Applying for a card without building a good history may lead to a negative mark on your credit report in such a form of a hard inquiry.
However, to fully maximize the use of an exclusive credit card, the rewards and privileges attached to the card must complement the holder’s spending habits. For instance, if you regularly transact in other countries, then a card with features that are inclined to travel would be more helpful than a card with cash back or retail features.
Some of the Best Credit Cards Available
American Express is the Platinum Card
The Platinum Card from American Express is one of the most famous black cards with numerous privileges for holders. They can access more than 1200 airport lounges globally, get up to $200 of statement credits for any airline related fees, and have travel insurance. Furthermore, the card also offers 5X points on the flights that are either directly bought from the airlines or through the American Express Travel.
Chase Sapphire Reserve
The next highly rated credit card is the Chase Sapphire Reserve. This card comes with 3x points on travel and dining, a $300 statement credit for travel bought through Chase, and Priority Pass membership that includes over 1000 airport lounges. It also has sizable travel and purchase protection so this card can be a good contender for a travel credit card.
Citi Prestige Card
The Citi Prestige Card has a list of travel privileges including the earning of 5 points per $1 spent on air travel and dining, $250 annual travel statement credit, and free access to Priority Pass lounges. Moreover, the card’s fourth-night fee on hotels is another feature that is a considerable advantage for individuals that travel often.
Getting the Most out of Exclusive Credit Cards
Utilizing Travel Credits
Most premium cards have travel credits which allow customers to offset their travel costs for a given year. So, it is necessary to pay attention to the terms and conditions of such credits and try to organize the travel properly to use them to the full. For instance, there could be restrictions such as the credit has to be utilized in one shopping trip while in other there could be flexibility, the credit can be used severally in a year.
Maximizing the Use of Lounges
Lounge access to airports is one of the many privileges that come with membership in some of the elite cards. For this benefit to be of value, it’s wise to take time and identify the lounges that are offered by the card and their facilities. Lounge access gives the opportunity to wait for the next flight in a comfortable and cozy armchair, and even have a meal and a drink, as well as use Wi-Fi for free.
Leveraging Concierge Services
Such cards for the most part include concierge services in a bid to help with a number of undertakings. Whether it is arranging a table at the finest restaurant, booking a rare show or event, they can do all that for you. Do not lose this opportunity when you are in need of help on where to go, what to eat or what to do.
Redeeming Rewards Wisely
To obtain the highest possible value of the reward, the redemption options have to be reviewed and the best ones have to be selected. For instance, when using the points to book travel, or when transferring the points to airlines’ or hotel’s loyalty programs, it is usually more valuable than getting cash back or gift cards.
Final Words
There are many advantages that come with having exclusive cards but the annual fees that come with having them may not suit every individual. The next issue that needs to be taken into consideration is whether the nature and price of the perks and rewards justify the cost of the fee. If you don’t make full use of the benefits that come with the card, it would be financially wiser to have a no-fee or low fee credit card.
The details of the rewards that are given for the exclusive cards may not be simple and easily understandable. The earning rates, the ways of redemption, and the possible limitations are not easy to find and analyze. However, if you are one who does not want an easy to comprehend rewards program then an exclusive card may not suit you.
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