Top 10 premium rewards credit cards in 2022 | Limited Offer!
Luxury credit cards offer many benefits but give out some of the best credit scores that no one else offers. Nowadays, several credit cards are available with all cashback and rewards. But still, some of these credit cards have some catch with either heavy annual fees or any other catch.
Here in this article, we have listed the ten best premium rewards credit cards you should buy in 2022. But, before that, let’s have a look at the things you should look out for before signing up for a credit card.
Look out for Gimmicks/Fine Prints
A credit card offers several benefits for your lifestyle. Still, you don’t know that a lot of research is done into figuring out what sounds the most exciting for the customers.
When it comes to credit cards focused on a specific reward or offering cashback for specific purchases like traveling, it’s essential to be clear about how much will be spent within the category. For example, suppose you find yourself changing your spending habits to justify prioritizing a specific benefit. In that case, the card is probably not for you.
Remember that every credit card represents a trade-off between benefits and drawbacks, especially starter cards. Therefore, a thorough understanding of its terms is essential.
Act Smart if you don’t have a credit history
Although it is usual to have low or no credit history if you’re applying for your first credit card, it is worth double-checking with a credit card company to see if another form of financing is available.
It is recommended that starters apply to credit cards that offer “starter” cards, which are easier to get approved and can help open up better options while improving your credit score.
The “starter” credit cards are commonly secured credit cards that require a significant upfront deposit but still extend credit to the user, indicating that responsible use will positively impact their credit history.
Have a good credit history
A good credit history indicates trustworthiness and allows you to get credit cards with higher limits and rewards. A credit card is different from other electronic payment methods such as debit cards and mobile payment apps which allows users to temporarily use money that is not theirs as if it were their own.
But to get this allowance, you need to have a good credit history. Moreover, if you’re applying for a mortgage, you’ll need a good credit history to get approved. There are several tips to improve your credit history. If you want to improve your credit score, you can check our articles here.
Let’s look now at the most prestigious credit cards in 2022 that you should apply for, which offer huge rewards and spending limits.
Super Premium Credit Cards
Here we have suggested the best credit cards you should apply for in 2022 for higher limits and rewards.
Platinum Card from American Express
The platinum card is a credit card that everybody wants, but it isn’t easy to get. But if you luckily get approved, you will get a welcome offer that allows you to earn 100,000 Membership Rewards Points on spending $6000 from this card. The rewards are also excellent for everyday purchases.
Earn 5X Membership Rewards points on flights booked directly with airlines or through American Express Travel on purchases of up to $500,000 per calendar year. Other than all the rewards and perks, platinum has one of the highest annual fees of $695 that you’ll ever find.
However, if you frequently travel for business, it may be well worth it. The possibilities for earning bonus points can also become confusing if not used correctly.
Chase Freedom Flex
The Chase Freedom Flex is the perfect credit card to start with premium perks and offers higher spending limits. If you pair it with other Rewards-earning cards like Chase sapphire reserve, Chase sapphire preferred, it can help you earn even more reward points.
The freedom flex offers a 5% cashback on travel, 3% on dining and drugstores, and 1% on all other purchases. Moreover, Chase provides a welcome bonus by offering a $200 bonus after spending $500 on purchasing within three months after you activate your account. Moreover, there is a $0 annual fee, which is why chase is better than other credit cards.
Capital One Venture X Rewards
Suppose you spend $500 or more on purchases within the first three months of account opening to earn 20,000 bonus miles. Then, in early November 2021, Capital One launched the brand-new Capital One Venture X Rewards Credit Card. It has a generous $395 welcome bonus worth at least $1,000 in travel.
On the traveling side, you get a $200 annual airline fee credit, more airport lounge access options than any other card, complimentary Hilton and Marriott elite status, and up to $200 in Uber credits each year.
The Capital One Venture X Rewards Credit Card has a much lower annual fee of $395 than other higher-rewards credit cards.
Marriott Bonvey Brilliant American Express Card
The Marriott Bonvoy Brilliant card is the latest premium hotel credit card in the market. The card comes with unique benefit packages that include 15 elite night credits toward Marriott Bonvoy status. Moreover, the card offers a $100 credit when staying at St. Regis and Ritz-Carlton hotel with a Priority Pass lounge membership, Global Entry reimbursement, an annual free night with up to 50,000 Marriott points.
Mariott also offers a $300 credit toward Marriott purchases per calendar year. You can also earn Marriott Bonvoy Platinum Elite status by spending $75,000 on the card in a calendar year, which may be worthwhile depending on your Marriott spending habits. Marriott Bonvey has an annual fee of $95, which is nothing compared to the benefits and rewards offered to their customers.
Marriott is a good option for frequent travelers who want to stay in friendly hotels with a one-click option. However, Marriott offers more than expected for its customers, and it is an excellent option for customers who love traveling.
Blue Cash Preferred Card from American Express
The blue cash card is another great option as it is one of the best premium rewards credit cards in 2022. You will receive a $300 statement credit if you spend $3,000 on your new card within the first six months. Moreover, you will get a 0% introductory APR on purchases after account opening for the first 12 months. The blue cash preferred card has a $95 annual fee but offers a $0 initial yearly fee for the first year.
While this card does not earn Amex Membership Rewards, it does give you access to several premium American Express perks, such as early ticket access and preferred seating, through American Express Experiences.
American Express Gold Card
For those who like to dine out and order in, the Amex Gold Card is one of the best options as it offers many rewarding options. With generous rewards at U.S. supermarkets, restaurants, and on certain flights booked through their website, the American Express Gold Card can earn you many points from everyday spending.
Restaurants and supermarkets in the United States offer 4 points per dollar on the first $25,000 in purchases per calendar year, then 1 point per dollar. There’s also an annual dining credit of up to $120 at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations.
The gold card offers an annual Uber Cash credit of up to $120 ($10 per month) that can be used on UberEats orders, or Uber rides in the United States. With a $250 annual fee, the Amex Gold Card is the best premium awards credit card in 2022.
United Club Infinite Card
If you’re a frequent air traveler, the united club credit card is another good option after Marriott Bonvey Credit Card. As a cardholder, you’ll get a United Club membership, giving you access to the airline’s airport lounges and partner lounges around the world. However, the United ClubSM Infinite Card stands out in terms of rewards.
Additionally, this card earns 2x miles on all travel purchases and dining at restaurants, plus 4x miles on United purchases, unlike other airline credit cards that only offer bonus miles on purchases with the affiliated airline.
Moreover, you also get two free checked bags, priority check-in, and early boarding on United flights when you pay with the card. The card comes with a $525 annual fee which is way less than Marriott Bonvey credit card.
Delta Reserve Card
By far, the most valuable premium credit card in 2022 is the Delta Reserve card. The card comes with Delta Sky Club access, a free checked bag, priority boarding, and a Global Entry credit when flying with Delta Air Lines. In addition, a slew of new benefits has also been added to the card, making it even more valuable.
When flying with Delta Air Lines, Delta Reserve cardholders will have access to American Express Centurion lounges, and non-elite members will be eligible for flight upgrades. In addition, for eligible purchases made with your card at U.S. restaurants during the first three months of membership, you can receive up to $100 in statement credits. The annual fee for this card is $550, which is a bit more than other credit cards.
Chase Sapphire Reserve
For the past few years, Chase Sapphire has been one of the best credit cards because of its high rewards points and perks on traveling and dining out. You can earn 50,000 bonus points after spending $4,000 on purchases in the first three months after opening your chase account. When you redeem through Chase Ultimate Rewards, you’ll receive $750 towards travel.
Moreover, after a one-time enrollment in Priority PassTM Select and a $100 application fee credit for Global Entry or TSA PreCheck, Chase provides you access to over 1,300 airport lounges worldwide.
The Chase Sapphire Reserve earns Chase Ultimate Rewards points, which can be redeemed for cash back, gift cards, or statement credits, with one point equaling one cent.
You can also use them to book travel through the Chase Travel Portal, which functions similarly to any other online travel agency. When you use points in this manner, you will receive an additional 50% bonus — each point will be worth 1.5 cents.
The Chase sapphire reserve card has a $550 annual fee, but if you can use its benefits, it could be the best premium credit card for you.
Citi Executive World Elite Mastercard
Webnews21 reviewed some of the best premium credit cards and compared them based on mile earnings, mile values, annual fees, discounts, and additional benefits to determine the best airline rewards card. The Citi/AAdvantage Executive Mastercard fulfilled every requirement that a regular customer would require.
Some cover the entire cost of Global Entry. In addition, rather than providing discounted access to its lounge, as some other cards do, it provides full access to the cardholder and authorized users.
The Citi/AAdvantage Executive Mastercard Earns approximately two miles for every $1 spent on American Airlines purchases. You earn one mile for every $1 spent on all other purchases. Furthermore, the card has a $450 annual fee, which is reasonable given the benefits it provides.
This article discussed the ten best premium credit cards in 2022 that you should apply for if you want higher rewards and limits. Moreover, we also discussed some tips that you should look out for before applying for any credit card. We have listed credit cards covering every category, from dining out to airline benefits.
Therefore, credit cards give you more benefits when combined with another card, like the Chase freedom flex credit card. I hope you like this article make sure to subscribe to our newsletter for more updates and keep yourself updated.