Updated on Nov 13, 2019

Best Premium Credit Cards

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Premium credit cards are generally geared toward frequent travelers. So, those who travel several times a year should consider paying the $450 annual fee for some of the additional benefits. While $450 may seem like a lot at first, once you add up the value of those benefits, and factor in the travel statement credits often offered with a premium credit card, you’ll find the annual fee drops significantly — often below the $95 annual fee required for a general travel rewards card. Better rewards and statement credits for less than what you’d spend for a general travel rewards card: that’s money well spent in my book.

Summary

The Best Premium Credit Cards of 2019

  • Chase Sapphire Reserve® LEARN MORE
    Best for VIP Travel Perks Chase Sapphire Reserve®
    Learn More on creditcards.com's secure website
  • The Platinum Card® from American Express APPLY NOW
    Partner Offer
    Best for Lucrative Reward Options The Platinum Card® from American Express
    Apply Now on American Express's secure website
  • Capital One® Venture® Rewards Credit Card APPLY NOW
    Best for Large Sign-up Bonus Capital One® Venture® Rewards Credit Card
    Apply Now on Capital One's secure website
  • American Express® Gold Card APPLY NOW
    Partner Offer
    Best for Travel & Dining Perks American Express® Gold Card
    Apply Now on American Express's secure website
Learn More on creditcards.com's secure website

Best for VIP Travel Perks

Chase Sapphire Reserve®

Redeem for... Travel statement credit; travel booked through Chase Ultimate Rewards®
Reward details 3X points on travel immediately after earning your $300 travel credit, 3X points on dining at restaurants, and 1 point per $1 spent on all other purchases

Current Offer 50,000 points
Annual Fee $450
  • Spend $4,000 on purchases in your first three months to earn 50,000 bonus points. That’s $750 in travel!
  • Annual travel credit of $300 given as statement credit.
  • Get 50% more in redemption value when you redeem through Chase Ultimate Rewards. You can redeem for airfare, hotels, cruises and car rentals.
  • Earn 3x points on travel after earning your $300 travel credit. Earn 3X on dining and 1x points on all other purchases.
  • Issuer: Chase
  • Annual Fee: $450
  • Balance Transfer Fee: Either $5 or 5% of the amount of each balance transfer, whichever is greater
  • Cash Advance APR: 26.74% Variable
  • Foreign Transaction Fee: $0
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 18.74% - 25.74% Variable
  • Penalty APR: None

Our two cents

Who should get it

The Chase Sapphire Reserve® is for the experienced traveler who wants to travel in style and earn rewards in the process. The card offers a yearly travel credit worth $300 as well as airport luxury lounge benefits. Among the various luxury credit cards available, Chase Sapphire Reserve® is good common sense for those who get around.

How to use it
The signup bonus on this card is enough to boost your savings on international round-trip flights, and the continued rewards for travel and dining are considerable as well, with 3 points earned per dollar spent on those purchases. With each point worth 1.5 cents each, that can be a major plus for folks who spend a lot of money on travel.
Consider this

The Chase Sapphire Reserve® allows you to transfer points to other loyalty programs. The practice of transferring points and redeeming them can save hundreds of dollars on travel-related expenditures.

Why you'll love it

The annual fee of $450 is higher than average, but with up to triple points on dining and travel, not to mention a wide assortment of other perks, the Chase Sapphire Reserve® card more than earns its keep.

Learn More Back to top
Partner Offer Apply Now on American Express's secure website

Best for Lucrative Reward Options

The Platinum Card® from American Express

See Rates & Fees
Redeem for... Flights, hotel rooms, and more.
Reward details 5x Membership Rewards® points for flights and prepaid hotels. Terms Apply.

Current Offer 60,000 points
Annual Fee $550 See Rates & Fees
Highlights Provided by American Express Show Highlights
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
  • Issuer: American Express
  • Annual Fee: $550 See Rates & Fees
  • Balance Transfer Fee: N/A*
  • Cash Advance APR: 26.99% Variable
  • Foreign Transaction Fee: None
  • Introductory APR: See Rates & Fees
  • Introductory Balance Transfer APR: N/A*
  • Ongoing APR: N/A
  • Penalty APR: N/A

Our two cents

Who should get it

Much like the Chase Sapphire Reserve® card, The Platinum Card® from American Express is aimed squarely at the seasoned traveler who prefers not to cut corners on dining and lodging. The annual fee is a head turner at $550, but the card pays for itself through the volume of rewards and perks offered, such as travel credit and elite airport lounge access.

How to use it
Once you receive The Platinum Card® from American Express, there are a number of benefits available to you right away, including free credits for airline travel, Global Entry, credits for Uber usage and high-end status with hotel chains such as Hilton and Marriott.
Consider this

The Platinum Card® from American Express allows for additional authorized users (for an additional fee), which really allows you to rack up rewards quickly. Gold Card holders can also be added to the account for free, allowing access to the same rates, but without many of the benefits offered on The Platinum Card® from American Express.

Why you'll love it

The Platinum Card® from American Express offers one of the most generous welcome bonuses to be found in the industry, offering 60,000 Membership Rewards® points if you spend $5000 within the first three months. And while the card may be used for everyday purchases and activities, it’s the roster of perks that will have you using this card for years to come.

Start your application now Back to top
Apply Now on Capital One's secure website

Best for Large Sign-up Bonus

Capital One® Venture® Rewards Credit Card

Redeem for... Travel statement credit; travel booked through CapitalOne.com; gift cards; and more
Reward details Earn unlimited 2X miles per dollar on every purchase, every day.

Current Offer 50,000 miles
Annual Fee $0 intro for first year; $95 after that
Highlights Provided by Capital One Show Highlights
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
  • Issuer: Capital One
  • Rewards Details: 2 Miles per dollar on every purchase, every day. 50000 Miles once you spend $3,000 on purchases within 3 months from account opening.
  • Annual Fee: $0 intro for first year; $95 after that
  • Balance Transfer Fee: $0
  • Cash Advance APR: 24.74% (Variable)
  • Foreign Transaction Fee: None
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 17.49% - 24.74% (Variable)
  • Penalty APR: None

Our two cents

Who should get it

If there is a best premium credit card on the market, the Capital One® Venture® Rewards Credit Card certainly scores near the top. Those who travel a lot can redeem miles for pretty much any type of travel purchase, either through Capital One or one of their partners in the travel industry. It is also an excellent choice for folks looking to benefit from a substantial signup bonus and flexibility in their redemption options.

How to use it
Use the Capital One® Venture® Rewards Credit Card for 2 miles per dollar on every purchase made, and up to 10 miles per dollar on lodging booked through hotels.com (through January 2020). With the Capital One® Venture® Rewards Credit Card, you do not have to keep track of additional or bonus categories in order to maximize rewards. The card is designed for those with strong spending habits.
Consider this

You can earn up to 50,000 bonus miles if you make $3000 in purchases within the first three months after opening your account.

Why you'll love it

The Capital One® Venture® Rewards Credit Card is one of the best premium cards available, with a strong 2 miles per dollar reward rate, easy to understand redemption process, and a reasonable $95 annual fee ($0 intro for first year).

Start your application now Back to top
Partner Offer Apply Now on American Express's secure website

Best for Travel & Dining Perks

American Express® Gold Card

See Rates & Fees
Redeem for... Travel, gift cards, statement credits and more. Terms Apply.
Reward details Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Terms Apply.

Current Offer 35,000 points
Annual Fee $250 See Rates & Fees
Highlights Provided by American Express Show Highlights
  • Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points when you dine at restaurants worldwide. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees
  • Issuer: American Express
  • Annual Fee: $250 See Rates & Fees
  • Balance Transfer Fee: N/A
  • Cash Advance APR: 26.74% Variable
  • Foreign Transaction Fee: None
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: See Rates & Fees
  • Penalty APR: See Rates & Fees

Our two cents

Who should get it

The American Express® Gold Card is a card for foodies, whether it’s eating out or dining at home, as it touts a considerable rate of reward for both restaurant and U.S. supermarket purchases. Membership perks are also available for frequent travelers, with credits earned that more than make up for the rather stiff $250 annual fee.

How to use it
The American Express® Gold Card offers new account holders 35,000 Membership Rewards® points if they spend $4,000 in the first three months, and while this isn’t the highest welcome bonus available, once redeemed those points could be worth up to $350 on your next vacation getaway. Points continue to be earned on the order of 4 per dollar at restaurants across the globe, 4 per dollar at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X) and 3 per dollar on flight booked either directly through airlines or through amextravel.com.
Consider this

The American Express® Gold Card is a charge card, differentiating itself from traditional credit cards in that there is no predetermined credit limit, and you must pay off your balance each month.

Why you'll love it

The American Express® Gold Card is the gold standard when it comes to restaurant and U.S. supermarket store purchases, as well as travel, lodging, and dining expenditures.

Start your application now Back to top

Here are the best premium credit card offers for 2019:

Best for... Credit Card
Vip Travel Perks Chase Sapphire Reserve® Learn More
Lucrative Reward Options
The Platinum Card® from American Express Partner Offer
The Platinum Card® from American Express
Apply Now
Large Sign-Up Bonus Capital One® Venture® Rewards Credit Card Apply Now
Travel & Dining Perks
American Express® Gold Card Partner Offer
American Express® Gold Card
Apply Now
For rates and fees of the American Express® Gold Card, please click here.

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