Best Luxury Credit Cards 2020 list
|American Express Platinum||⭐⭐⭐⭐⭐|
|Chase Sapphire Reserve||⭐⭐⭐⭐⭐|
|American Express Gold||⭐⭐⭐⭐⭐|
|Platinum Delta SkyMiles||⭐⭐⭐⭐⭐|
Best Luxury Credit Cards 2020: American Express Platinum
It requires a minimum monthly income of some thousands the US $, less than what others in the same segment request, such as the Platinum Citibanamex and the Platinum Bancomer, which request 50 thousand $ per month.
It has automatic access to Membership Rewards with PAYBACK, a program in which you accumulate the1 point for every dollar you spent, that you can redeem for catalog items or use at PAYBACK partner stores (including Interjet).
Best Luxury Credit Cards 2020: Chase Sapphire Reserve
The Chase Sapphire Reserve credit card is one of the luxury credit cards. The key to a platinum credit card is to take full advantage of the benefits. Some people study the credit card reward point system as a college student.
There are many benefits to this luxury card:
What is the cost of all these benefits?
A network of 150 dollars, but there is a trap. The annual charge for the sake Sapphire Reserve credit is 450 US$. You should expect to pay this fee the first billing cycle after the card arrives by mail. If you use your three hundred $ travel credit in the first month, you are essentially paying $ 150.
What about interest rates?
Tall. A minimum of 17% or more. If you carry the balance, you lose a lot of value. I pay my balance in full monthly. I strongly recommend this, or the calculations here lose value.
Can I get one for all my family members?
Probably not. This is for people with excellent credit who can be given a credit limit of thousands. However, you can add authorized users with all benefits for a fee of $ 75.00 per user.
I have loved my Chase Sapphire Reserve credit card. It is one of the only two credit cards that I use for most of my expenses. I hope you all find it beneficial and low maintenance too!
Best Luxury Credit Cards 2020: American Express Gold Card
The simple fact of having an American Express card can mean for many people a status symbol, and if we add to this that this plastic becomes part of the “Gold” segment, then we can talk about an interesting combination.
Platinum Delta SkyMiles
Platinum Delta SkyMiles is also a great luxury credit card. Although Platinum Delta SkyMiles is a generous travel reward credit card for any part of the imagination, it is also expensive: its annual fee is $ 195 and is not exempted in the first year (as in the case with many rewards cards less generous travel). If you want this luxury card in your wallet, you must use it often enough (and fly Delta often enough) to be worth the cost.
This card has a three-part welcome offer. First, when you spend at least $ 1,000 within three months of opening your account, you receive an additional 35,000 Delta SkyMiles bonuses. That’s great for at least one round-trip domestic economy ticket, and possibly up to three for a domestic economy.
Second, the same $ 1,000 expense entitles you to 5,000 Medallion Qualification Miles (MQM).
And third, you get a $ 100 account statement credit when you make a Delta purchase with your card within the same three month period.
To really understand how this card works, you need some background on the Delta’s Medallion status program.
Medallion has four levels: Silver, Gold, Platinum, and Diamond. All provide generous benefits for frequent Delta travelers, including complimentary class and improvements to preferred seats, acceleration of MQM and SkyMiles earnings, priority boarding, and exempted tariffs (including luggage and reservation service). Medallion benefits become more attractive as you move up the level scale, with the Diamond state (the highest state) granting you a complimentary Delta Sky Club (airport lounge) membership and two Global Entry application vouchers.
To reach Medallion status levels, you need to combine appropriate MQM (miles calculated as a multiple of the total distance flown on each flight, usually 100% distance in economy and 200% distance in first class) or Medallion Rating Segments (MQSs – basically, any Delta flight segment) and the appropriate Medallion Rating Dollars (MQD): dollars spent with Delta, including base fares, surcharges, and certain improvements, within a calendar year. He then wins the Medallion state for the rest of the current year and the subsequent year. The Silver Medallion state requires 25,000 MQM or 30 MQS and $ 3,000 MQD; The Gold Medallion state requires 50,000 MQM or 60 MQS and $ 6,000 MQD; The Platinum Medallion state requires 75,000 MQM or 100 MQS and $ 9,000 MQD, and the Diamond Medallion state requires 125,000 MQM or 140 MQS and $ 15,000 MQD.