Top Exclusive, Luxury Credit Cards of 2015

Top Exclusive, Luxury Credit Cards of 2015

February 2, 2015         Written By Jason Steele

LowCards is a Citi partner. These offers, valid when the article was written, may have expired. View our full editorial disclaimer here.

Some people like to think of credit cards as luxury goods, much like fine jewelry or an expensive car. Yet for all the valuable benefits and attractive rewards offered by premium credit cards, they are still just financial instruments with annual fees that add up to hundreds, or even thousands of dollars per year. Smart credit card users need to look past the marketing material and focus on finding a card that offers not just compelling features, but competitive value.

Thankfully, there are some strong alternatives to premium credit cards that offer nearly all of the features and benefits, but at a much lower cost. Here are five of the top luxury credit cards, and their more sensible alternatives:

Citi Prestige

Featured Good Credit Card

Top Features:

No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee

Citi’s top-of-the-line Prestige card offers cardholders points in its ThankYou rewards program that can be redeemed for gift cards, travel reservations, and merchandise, or transferred to miles with one of eight foreign airline programs. This card also features airport lounge access and a $250 annual airline fee credit, but costs $450 per year.

Alternatively, the new Diner’s Club Premier MasterCard offers points in the Diners Club Rewards program that allows customers to transfer their points to miles with 14 different airlines and seven different hotel programs. This card also features airport lounge access, but has an annual fee of just $100.

Visa Black

The Visa Black card is offered by Barclays Bank and is made of stainless steel and carbon fiber. Cardmembers earn rewards worth 1% of their spending as cash back or gift cards, or 2% as airline reservations. Cardholders also receive unlimited airport lounge visits and luxury gifts from the leading brands, but pay a $495 annual fee.

Most cardholders will find more value in the Barclaycard Arrival Plus® World Elite Mastercard®, which offers double miles on all purchases, and each worth one cent as statement credits towards any travel expenses, not just airfare. Cardholders also receive a 5% rebate on miles redeemed, so rewards total 2.1% of spending. And unlike the Visa Black card, the Barclaycard Arrival Plus® World Elite Mastercard® is equipped with an EMV smart chip to ensure compatibility in foreign countries. The annual fee is only $89 which is waived the first year.

Chase Palladium

Chase offers its Palladium card, made of metal, by invitation to its private banking clients. Cardholders receive one point per dollar spent, and double points on travel. Points in Chase’s Ultimate Rewards program can then be transferred airline miles or hotel points. This card includes unlimited visits to the Lounge Club program and has an annual fee of $595.

Better yet, Chase offers its Chase Sapphire Preferred® Card, which is also composed of metal, for just a $95 annual fee. Like Palladium cardholders, Sapphire Preferred cardholders earn double points for travel, but there is no lounge access benefit. Nevertheless, the $500 difference is more than enough to buy an annual lounge membership or plenty of day passes.

Ritz-Carlton Rewards Credit Card from Chase

This card offers five points per dollar spent at Ritz-Carlton and other partner hotels, double points on airline tickets, rental cars and restaurants, and one point per dollar spent on all other purchases. Other benefits include a $300 annual travel credit and three suite upgrades per year, all of an annual fee of $395.

The information for the Chase Palladium and Chase Sapphire Preferred cards have been collected independently by LowCards.com. The product details on this page have not been reviewed or provided by the bank advertiser.

The information contained within this article was accurate as of February 2, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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jasonsteele

About Jason Steele

Jason Steele is a journalist that covers credit cards, travel and consumer credit. As one of the nation's leading experts in credit cards, Jason has contributed to dozens of travel and personal finance outlets including NerdWallet, Credit Karma and the Points Guy, where he serves as the Senior Points and Miles Contributor. Jason has also been widely quoted in mainstream media in outlets such as the Washington Post, the USA Today and Bloomberg Business Week. Jason is also the founder and producer of CardCon, which is the annual Conference for Credit and Credit Card Media.