Elite Credit Card Fees Pay Off For Frequent Travelers

Wednesday, November 29th, 2017
The content is accurate at the time of publication and is subject to change.

Paying a yearly fee of $450 or even more for a credit card might sound crazy to some people. After all, there are so many credit cards available with no annual fee: why would anyone pay hundreds of dollars just for a credit card?

The answer might surprise you, if you’ve never looked into the benefits of having an elite travel rewards credit card. These cards have multiple benefits that are worth the fee, and on top of that, they offer signup bonuses and other rewards that easily outweigh the cost of the annual fee.

Most of these cards are geared towards travel enthusiasts, or business travelers. The best benefits have to do with travel, such as round-the-clock concierge service, free bag check, discounts on in-flight food and drink, hotel upgrades, and even free flights. Elite credit cards with hefty annual fees almost never charge a foreign transaction fee, so anything you buy overseas with your credit card won’t cost extra.

Perks worth more than fees

Another great perk of these cards is travel insurance, which protects you in case something arises before or during your trip, causing you to need to change your itinerary. You can use the concierge service to assist you with any changes you need to make to your tickets or reservations, and rest assured that you’ll be able to make those changes without being charged extra.

Access to exclusive airport lounges is one more VIP benefit that most elite travel rewards credit cards offer. You can recharge your phone, enjoy a complimentary meal and beverage, even take a shower and get a massage at these swanky lounges, which are not open to the general public.

Travel with ease when you have TSA Pre-check, allowing you to sail through the security line without taking off your shoes: membership is often discounted, or entirely covered, when you have an elite travel credit card. This perk is worth nearly $100 a year alone. When you do the math on all the benefits of these cards, you’ll find that paying several hundred dollars a year for them is still a bargain.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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