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By: Cardtopedia

Are premium rewards cards worth the annual fee?

Cardtopedia

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1. Premium rewards cards offer privileges like free checked bags, priority boarding, and lounge access.

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2. Premium rewards cards offer more points per transaction, making them ideal for frequent shoppers or those with short-term expenses.

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3. Premium rewards cards offer discounts and perks. Free rental cars, restaurant discounts, and golf/ski packages are examples.

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4. Some premium rewards cards offer concierge services to help make dinner reservations or book theatre tickets at a discount.

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5. Premium rewards cards generally come with additional insurance coverage such as trip interruption or luggage protection.

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6. A premium rewards card's generous terms and conditions may help you avoid paying interest on a large credit card bill.

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7. Many premium rewards cards include purchase protection, which reimburses you for damaged or stolen products within a specific time after purchase.

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8. Some premium rewards cards can convert points into miles or cash back, giving you extra redemption options.

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9. Premium rewards cards often include travel accident insurance to cover unexpected expenses.

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10. Having a premium rewards card gives you access to VIP gatherings and exclusive meals. This is helpful for business trips or vacations.

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