Finding the right luxury credit card for your needs requires knowing your options. Here are the top eight latest most exclusive luxury credit cards in 2021.
Have you ever wondered which credit cards are in the wallets and purses of the rich and famous?
With so much money in their accounts, you can be sure they have something out of the ordinary! Gold, silver, and platinum cards are likely to line the pockets of those with the most money.
Luxury credit cards aren’t just for show, though. They do come with benefits that can make them a great option if you have a high credit score or a healthy bank balance. But, for the richest, only the best of the best is enough.
Find out the most luxurious and exclusive types of credit cards in our guide and mark your place among the elite.
1. The Platinum Card from American Express
One of the most famous luxury cards in the world is The AMEX Platinum card, and it’s definitely deserving of attention. When it comes to the benefits of luxury credit cards, AMEX doesn’t disappoint. If you’re travelling with the card, you’ll enjoy access to a whole range of airport lounges, including Delta Sky Clubs, Plaza Premium, and Centurion Lounge.
Other benefits include a $100 annual Saks Fifth Avenue credit, Gold Elite status at Marriott and Hilton, and admittance to the International Airline Program. In terms of unlocking doors, the Platinum Card hold many keys! The annual fee is just $550, too, which is a lot less than some of the other cards on this list.
2. Centurion Card from American Express
Here’s AMEX again! This time, the card in the spotlight is their Centurion Card, also known as the AMEX Black Card. This card is invite-only, making it incredibly exclusive and luxurious.
To receive an invitation for this card, you’ll have to spend between $250,000 and $450,000 dollars a year on your current American Express cards, which works out at around $20,000 a month. You’ll then pay an invitation fee of $10,000, followed by $5,000 annually.
Perks of the card include 1 Membership Rewards point for every dollar spent, increasing to 1.5 points on purchases over $5,000, a personal concierge, and Private Suite membership at LAX, along with everything offered on their Platinum Card.
3. Chase Saphire Reserve Card
The Chase Saphire Reserve card is similar to the AMEX Platinum. But, instead of a wealth of luxurious benefits, this card offers a better rewards system along with some benefits.
On all travel and dining, you’ll earn 3 points for every dollar you spend. There are also occasional promotions for extra points, such as for grocery store purchases and when shopping with certain businesses, making this card a great way to rack up reward points.
It also comes with some great benefits, including access to over 1,300 airport lounges, $300 annual travel credit, travel insurance, and a Global Entry fee reimbursement.
4. J.P. Morgan Reserve Card
This card was once the Palladium card and is still frequently known as that, although it has been remanded to the Reserve card. Again, this is an invite-only card in which you need to have over $10 million in holdings with J.P. Morgan to even get a look in. The annual fee of the card is $595, which isn’t too bad at all!
Benefits include 24/7 concierge services, extra points for travel and dining, and $300 annual travel credit. You’ll also receive high-quality travel insurance and protection, perfect for the frequent flyer.
5. Citi Prestige Card
The Citi Prestige Card is another credit card that focuses on earning rewards points over benefits, although it still has a number of perks you can enjoy. These include a Priority Pass lounge membership, mobile phone insurance, and fourth-night free at a number of hotels.
In terms of points, this card is perfect if you want to earn big time. Some of the bonus categories include 5 points per dollar on air travel and restaurants, and 3 points per dollar on hotels and cruise lines. You can also earn a whopping 50,000 bonus points if you spend $4,000 within the first 3 months of having the card, which is a very enticing deal!
6. Dubai First Royale Mastercard
Trimmed in gold and with a .235-carat diamond attached to the front, this is the ultimate flashy card of the wealthy who don’t mind other’s knowing just how much money they have. It’s incredibly exclusive and bringing this out at a restaurant is sure to impress!
The factors for credit from Dubai First Royale Mastercard are that you must live in the UAE and have an incredibly high net worth, or be a member of the UAE royal family. While there isn’t a pre-set spending limit, which is a great benefit, they’ve only listed one benefit of the card which is a lifestyle manager. This is a personal concierge who will get you whatever you desire, whenever you desire it.
While not the most practical card, it’s certainly nice to have if you’re wealthy enough, or a royal!
7. U.S. Bank Altitude Reserve Visa Infinite Card
This one’s certainly a mouthful of a name! With a low annual fee and high annual travel credit of $325, the weaker benefits on this card are made up for. It’s one of the cheapest ways to get a Priority Pass lounge membership, which instantly makes it appealing.
It also offers a bonus of 3 points per dollar on travel purchases and mobile wallet purchases, including Apple Pay and Google Pay, which is something not seen among the other cards. With so many stores now accepting mobile wallets, you could start earning big points very quickly.
8. Manage Your Money and Choose the Right Luxury Credit Cards
Whether you’re looking for luxury credit cards or just daydreaming of what your future could hold, everyone needs good money management skills. Without them, credit card providers around the world will turn you away, which definitely isn’t good!
To learn more about money management and get better control over your finances, be sure to check out more articles on Money Advisor.