There are many expensive credit cards out there these days. Some have annual fees as high as $500, so it’s natural to wonder if it’s really worth it. In most cases the answer is no. At least not for everyone.That said, both have expensive cards When It can be a good choice for many people. Some cards come with statement credits and benefits that can offset many costs. Here are some expensive credit cards that may seem worthless, but may be worth it.
Capital One Venture X
With a hefty $395 annual fee, Capital One Venture X is probably the best value card when compared to the $95 annual fee Capital One Venture and the no annual fee card. For anyone who travels at least once a year, the Venture X is a solid choice.
Venture X benefits that offset annual fees include:
- Receive $300 in annual travel credit when you book with Capital One Travel
- 10,000th anniversary bonus miles
These two benefits alone make the annual fee break-even. Most people who travel can easily use their $300 annual travel credit. 10,000 anniversary miles are worth $100 at worst.
In addition, Venture X cardholders will receive:
- $100 TSA PreCheck or Global Entry application fee credit
- Access to Priority Pass, Plaza Premium and Capital One Lounges (up to 2 people per visit) (Authorized Users who add for free also get this)
- Minimum of 2 miles per $1 spent (more in certain categories)
- mobile phone insurance
- No foreign transaction fees
- Transfer Miles to Partners
- welcome bonus
Airline credit card for checked baggage on domestic flights
If you fly frequently domestically, or if you always check your bags, an airline credit card is worth it. Southwest includes free checked bags for everyone, but it’s also possible to get free checked bags with other airlines using co-branded credit cards. How often you fly a particular airline, whether you usually fly the same airline, how many bags you can check in, how many people you travel with, etc. all determine whether it’s worth paying an annual fee. As a general rule, a year he checks 3 bags is near breakeven.
Some airline credit cards worth considering include:
- Alaska Airlines Visa Signature Card: Annual fee of $75, cardholder’s first checked bag free, up to 6 additional passengers on the same reservation.
- American Airlines AAdvantage Aviator Red World Elite Mastercard: $99 annual fee, free first checked bag for cardholder, and up to 4 additional passengers on the same booking for domestic itineraries.
- Delta SkyMiles Gold American Express Card: Annual fee of $99 (waived for first year), cardholder’s first checked bag is free, and up to 8 additional passengers are included in the same booking.
- JetBlue Plus Card: Annual fee of $99, cardholder’s first checked bag free, up to 3 additional passengers on the same booking.
- United Explorer Card: $95 annual fee (first year free), first checked bag free for cardholders, up to 1 additional passenger on the same booking –Tickets must be purchased with the card to receive this benefit.
many hotel credit cards
many Free nights with hotel credit card Hotels within that chain (often valid for hotels up to a certain number of points per night). Most hotel credit cards have an annual fee of $95. So if he’s likely to stay at a particular chain of hotels each year, and that hotel rates more than his $95 a night, you’ll be at an advantage. Other perks of the card. Tracking down extra cards and making sure you’re redeeming the rewards is an extra mental overhead, but it’s worth it.
Some hotel credit cards worth considering include:
- Marriott Bonvoy Boundless Card: $95 annual fee, free nights worth up to 35,000 Marriott Bonvoy points (up to 15,000 points can be added from your account).
- World of Hyatt Credit Card: $95 annual fee, free nights at Category 1-4 Hyatt hotels.
- IHG Rewards Premier Credit Card: $95 annual fee, free nights worth up to 40,000 IHG points.
Expensive credit cards that seem worthless
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