Best Luxury Credit Cards 2020, Credit Cards with No annual fee

Table of Contents

Best Luxury Credit Cards 2020 list

Cards	Rating	Apply
American Express Platinum	⭐⭐⭐⭐⭐	Apply Now
Chase Sapphire Reserve	⭐⭐⭐⭐⭐	Apply Now
American Express Gold	⭐⭐⭐⭐⭐	Apply Now
Platinum Delta SkyMiles	⭐⭐⭐⭐⭐	Apply Now

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).

Features

It does not charge annuity the first year; From the second, you will pay $ 3,300 + VAT, which will be charged in 3 installments.
On the other hand, if you have a service card, you will not pay the annual fee for life. In addition, you can request up to three additional ones at no cost.
When traveling to another country, your expenses in a foreign currency will be consolidated, and the resulting amount will be deferred to 6 months without interest automatically and without the need to request it.
You can defer to months without interest any purchase you make in the US for an amount equal to or greater than 1000$.
You will have available the Platinum level of the free Fiesta Reward program (for one year), with which you accumulate 10 points per dollar spent, to redeem them for lodging nights at the Fiesta Inn, Fiesta Americana, Live Aqua and Fiesta Americana Vacation Club hotels.
You purchase the Priority Pass Membership at no cost, which gives you access to more than 850 VIP lounges in international airports. You will receive 4 individual passes per year, which will be renewed on each anniversary of your plastic.
Upon authorization of the card, you will receive a Liverpool Purse equivalent to $ 3,000.
You receive a 10% discount on PriceTravel in lodging, tours, activities and travel insurance.
A complimentary high-size drink in Starbucks, when making minimum purchases of 80 $.

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Best Luxury Credit Cards 2020: Chase Sapphire Reserve

BEST REWARD CREDIT CARDS 2020: CHASE SAPPHIRE RESERVE — 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!

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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.

There are many benefits of the American Express Gold Card

You will not need to pay the annual fee the first year; As of the second year, the annuity is $ 450 (approximately $ 8,550) + VAT and is charged deferred in 3 months (that amount covers up to 5 additional cards ).
These types of cards do not have a pre-established line of credit, so the amount of credit you can use will depend on your purchase and payment history and not just your verifiable income. Let’s give an example: if your provable income is 2 thousand US$, but on the card you make purchases and payments that average 3 thousand US$ a month, American Express will use this average to establish the amount you can spend on the card monthly.
Upon approval for The Gold Card American Express, you will automatically have the Membership Rewards With Payback program, which awards 1 point for every dollar spent with the card to redeem them for catalog items, gift certificates, and plane tickets.
Accumulating an expense of $ 6,000 with the product, American Express will make you a bonus of $ 1,200 in Uber Eats. To use the benefit, it will be necessary to download the Amex Mobile application and register the card, then go to the “Promotions” section and select the “Uber Eats” option; Once this is done, just confirm the operation by clicking on “Save Promotion” so that the discount is applied…
You will receive the Priority Pass Membership at no additional cost (it allows you to enter more than 1200 VIP lounges in the main airports of the world).
When making purchases at Cornershop for $ 10,000 or more with The Gold Card, you receive a bonus of $ 2,000 (the discount will be reflected on your statement) . The benefit will be applied after downloading the Amex Mobile Application and registering the card in the promotions section, in the “Cornershop” section.

The American Express SkyMiles® Platinum Delta credit card is an airline credit card with an extremely generous portfolio of benefits for frequent Delta travelers and a travel rewards program that favors Delta purchases. The rewards program is always similar to the American Express Gold Delta SkyMiles Credit Card (and its cousin, Gold Delta SkyMiles for Business). However, the Platinum Delta SkyMiles frequent flyer advantages definitely outweigh it at the Gold level, and the rewards program has an additional component that rewards heavy spending with accelerated progress towards Delta Medallion status thresholds.

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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.

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