Premium credit cards offer impressive rewards and benefits for those with a strong credit score. Compare premium credit cards below.
Uswitch Limited is a credit broker, not a lender, for consumer credit.
Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.
A premium credit card is at the exclusive end of the credit card market. They're considered exclusive credit cards, as they open up a world of perks, rewards and services that are often available by invitation only.
Many premium credit cards come with an annual fee of several hundred pounds. In return, they offer a high credit limit, enabling you to buy luxury goods and enjoy prestigious perks for you and your family.
Having a premium card has long been a powerful status symbol. There are extensive benefits for cardholders, from concierge services, to access to exclusive airport lounges.
So, if you're looking for a card with prestige that allows you to spend freely, then a premium credit card could be the way to go. If you're looking for a few simple rewards or maybe even some cashback, then look at rewards credit cards and cashback credit cards instead.
A premium credit card works similarly to an ordinary credit card – you buy goods and services and have a credit limit. In the case of these most exclusive credit cards, however, you will need to have an excellent credit history in order to be successful in your application.
This is because the difference with these exclusive credit cards is that the spending limit is much higher, and they come with a range of special perks and rewards.
High limit credit cards also tend to come with a fee, so if you're thinking of applying for one of these exclusive credit cards, you need to think about whether you will make the most of the services that are available. Otherwise, you'll be paying the annual fee of several hundred pounds without getting any benefit from it.
The main selling point of premium cards are the exclusive benefits available to cardholders.
These will vary depending on the card you choose, but may include:
A high credit limit
Comprehensive worldwide travel insurance for you and your family
Breakdown cover or roadside assistance
Reward or loyalty points, which you can exchange for a wide variety of goods and services, including flights.
A concierge or personal assistant service, available 24 hours a day to help you arrange almost anything.
Access to exclusive airport lounges worldwide.
For some people, particularly those who travel frequently, these benefits can be very appealing – saving time and making life a little easier and more comfortable.
Exclusive credit cards almost always come with an annual fee, whereas many ordinary credit cards do not.
The rewards are greater than those available with ordinary cards, and you're able to spend a lot more on your premium credit card because the credit limit (the maximum amount you are allowed to spend) will be set much higher.
Some exclusive cards require you to pay off the whole of the outstanding balance each month – which normal credit cards don't make you do.
Premium credit cards give you access to services that may be very useful for you if you travel frequently – for example access to premium airport lounges and comprehensive travel insurance.
Some very high-end premium credit cards are available on an invitation only basis, while others specify a minimum income that cardholders must meet.
Most premium credit cards will insist on a strong credit history, so it could be worth checking your credit report before you apply.
Some premium cards are actually charge cards. These differ from credit cards, in that they allow you to spend interest-free credit, but you must pay your balance in full every month. In other words, they do not allow you to borrow money in the same way as a credit card.
It's also worth considering how valuable the benefits that come with a premium credit card will be to you personally before you sign-up and start paying the annual fee.
Premium cards can be great value for money if the benefits are relevant to you and you will make the most of them, otherwise, a standard credit card may be a more economical option.
The costs can be much higher than ordinary credit cards. If you make use of all the services then best premium cards can be worthwhile, but you need to weigh up whether you will make the most use out of the perks.
Also, because the credit limit is high, you may be tempted to spend a lot on the card, so you do need to have a plan to pay off the balance.
Interest rates can be higher than those of traditional cards, so if you're looking to reduce the cost of your debt then a high limit credit card is probably not your best option.
The added extras and personalised service that you get with a premium credit card doesn't come for free – with most premium cards you pay an annual fee, usually of around £250-300, although this varies.
The APR on premium credit cards can also look very high – often around the 50% mark.
This is because the annual fee has to be shown as part of the APR under Consumer Credit Act regulations.
So if the standard APR for purchases was 16.8%, for example, and the card had a £250 annual fee, the APR would have to be shown as 51.8% taking the fee into consideration.
Not all these exclusive credit cards are available publicly - often you have to receive an invitation from the card issuer in order to get one.
You usually have to be earning at least £40,000 per annum and have a good credit record. They're not available to everyone.
These exclusive credit cards sometimes come in the form of a black credit card, platinum credit card or gold credit card, in order to stand out from ordinary cards.
Use our comparison tool to search for our best premium or high credit limit credit cards for you.
Make sure you check the terms and conditions carefully as you will need to meet the strict criteria set out by the card issuer. This includes the minimum annual salary, being over a certain age, and having a good credit history.
When you find a high limit credit card or premium card that's the best for you, you might want to check your eligibility before you make a firm application. This is because if you make lots of applications for credit cards the information will appear on your credit file and it could count against you. Lenders might think it appeared as though you were desperate for credit.
Some card providers enable you to go through a quick eligibility check before you make a formal application in order to establish whether you are likely to be successful.
The advantage of doing the eligibility check is that you can see what your chances are without it being recorded on your credit file.
It only takes a few minutes and you put in your name and address and your annual income and any additional personal income.
You will then have a good indication of whether your application is likely to be successful and can go ahead with your application.
Find out more about credit cards with high credit limits.
When we use the term ‘most popular or ‘popularity’ on Uswitch in reference to credit cards, these cards are ranked by the number of clicks they have received on the site in the past 48 hours.
The most clicked on cards are at the top, with the least at the bottom. This reflects how popular they are with visitors to Uswitch.com. Consequently, this is a good table to look at if you’re interested in seeing which cards most people think are worth getting.
We compare credit over 100 credit cards from all of the major banks and credit card providers.
However, we do not compare all the credit cards that are available in the UK.
This is because some credit card providers have offers that are only available exclusively through their own website or branch, or through other comparison websites - in the same way some credit cards are exclusively available through Uswitch.
There are also many credit cards that are only available to people in member organisations and clubs.
Charge cards allow you to pay for goods and services on credit, as long as you pay off your balance in full at the end of every month.
What are the best credit cards with no foreign transaction fees? Find out how to get a 'perfect' exchange rate when spending abroad.
Contactless payment was designed to be a quicker card payment method for small purchases than chip and PIN payments or swiping and signing, but you can now spend £100 using contactless. Read onto find out more
Apple's version of contactless payment, ‘Apple Pay’ is a convenient way of paying with your iPhone or Apple watch. We explain how it works and what to be aware of.
If you are trying to manage your finances and utilise available credit, you might be wondering "how many credit cards should I have?" Our guide explains the pros and cons of owning multiple credit cards.
Compare 0% balance transfer credit cards with Uswitch - our guide answers your key questions, such as how do balance transfer credit cards work? Follow our top tips to find out the best balance transfer credit cards for you.
Compare self-employed credit card options and get access to credit. Find out everything you'll need to know to get accepted.
A store credit card is a credit card branded by a particular store or retailer. Some you can only use in that retailer while others can be used anywhere but the benefits and discounts it offers are only available in the retail chain branded on the card.
Many credit cards come under the umbrella over a wider banking group. Find out who owns your credit card provider, such as NewDay, American Express and Barclaycard and why knowing your banking groups could be important.
This handy guide answers those questions you've always been unsure about, such as what kind of bank card do I have? Do credit cards have sort codes? We help you to tell your debit from your credit cards and your Visas from you Mastercards.
If you're looking for a credit card to build your credit score, use our comparison service to search for the best credit cards for bad credit. Our guide answers those key questions, such as do you need a credit card to have a credit score?
Credit card refund rules mean, purchases are protected by law - the Consumer Credit Act 1974 gives credit card protection on your purchases over £100.
A step-by-step approach to pay back credit card debt, rebuild your credit score and regain your financial health.
You can check your eligibility for a credit card without having to apply for it, so you can reduce the risk of being rejected for a card.
If you're wondering, can I transfer money from a credit card into a bank account? read the Uswitch guide to find out how. Search for a credit card that will allow you to transfer money into your current account.
Fed up with credit card jargon? Read our credit card glossary to get a simple explanation of everything from APR to Transfer fees.
Credit cards can be a cheap way to borrow money, but there are good and bad ways to use them. Our guide discusses, how to use a credit card, what can you use them for? What are the benefits? And in what circumstances should they be avoided?
Stoozing is a term for savvy use of credit cards to make money from interest rates, but how does it work?
With cashback credit cards, you get cash back on your spending - learn more and use our credit card comparison tool to find the right one for you.
How to cancel a credit card account? Uswitch guide explains how to close a Halifax credit card, Santander, Virgin and other credit card provider accounts.
A prepaid debit card or prepaid credit card offers the convenience of a credit card, but instead of borrowing you only spend money you have pre-loaded on the prepaid credit card. Our guide explains just how to make use of a prepaid card.
High limit credit cards, also known as premium credit cards, have a much higher credit limit than traditional cards, and some offer unlimited spending. So are high limit credit cards a good idea for you?
Find the best credit card if you are unemployed. Explore credit card offers for people who are currently experiencing unemployment. Search for the best credit card deal for you.
Business credit cards could be an invaluable asset to your company - find out more about company credit cards with Uswitch.
What is annual percentage rate (or APR)? How does it work? Our guide explains how APR works and what you need to know about it if you're borrowing money.
Find out about Avios points and Spending Avios points - Turn your everyday spending into hotels, holidays, experiences, rewards and more with Avios Points
Find out about the pros, cons and alternatives to credit cards for students, as well as the best ways to borrow money at university, and how to compare student credit cards.
While convenient, using your credit card overseas can quickly lead to fees which can make your trip abroad more expensive. These tips can keep costs down.
Getting your first credit card is an important step towards financial adulthood, but remember with great purchasing power comes great responsibility.
Many credit cards are described as 'instant decision' cards, but what does this actually mean and can you really get an instant credit card without the wait?
Charity credit cards allow you to donate to charity when you spend. Find out more about charity credit cards and how they compare to cashback credit cards.
Find out about the cost of withdrawing cash using a credit card as well as the best alternatives to credit card cash withdrawals.
Credit cards offer great protection especially when making big purchases concerning events like weddings. Find out how best to use yours to protect your special day and what to do if your wedding organiser goes bust.
Similar to a loan, a credit card provides you with an amount of credit agreed by you and your bank, for you to spend. Read our guide to learn how a credit card differs from a loan, and how to responsibly use one.
What is PPI? PPI, or payment protection insurance, became one of the most notorious financial products in recent years due to the PPI miss-selling scandal.
How is credit card interest calculated? The Uswitch guide explains, how to calculate credit card interest, based on companies rates for their credit cards.
Having a premium card can be a powerful status symbol, coming with extensive benefits for cardholders to enjoy. We explore whether it's worth getting a premium credit card if you're eligible.
The votes are in for the 2018 Uswitch Credit Card Awards. We spoke to 10,000 credit card customers to find out who topped our customer satisfaction tables in this year's survey.
Using a credit card can offers great benefits. A key perk of owning a credit card is the protection you're given with Section 75.
What's the best credit cards for Christmas shopping? We look at cards that will reward you for spending or let you borrow for free.
Prepaid travel cards are plastic payment cards pre-loaded with currency that enable you to spend as if you were using a credit or debit card
Airline credit cards help earn you Avios points the replacement for Airmiles when used for credit card purchases
What's the best way to spend as you travel around Europe? Take the euros as cash or spend on a travel credit card?
What is Amex or American Express? How do they differ from Visa and MasterCard credit cards? Read on to find out the pros and cons
Applying for a first credit card can have its complications - our guide can help with the preparation needed to build up your credit history
Credit cards are convenient for making travel arrangements, and can also allow you a little more spending leeway when you are on holiday
Can money transfer credit cards give you interest free cash loans? Read the Uswitch guide to find the best interest-free money transfer credit cards
Learn more about the credit card pre-approval process and see if it can really help your chances of getting a credit card if you have bad credit.
Confused about credit cards or just want more information? Use our Q&A to find the answers you're looking for with our money experts
The world of travel money is notoriously difficult. Do you take money or change there? Do you take cash, card or cheque? We answer your questions.
Credit card comparison tables can be quite tricky, so it's worth knowing how to read the credit card summary box to decode the legal jargon.
Do claims management companies keep calling you? Find out why, what they do and if they can be useful for you. Claims management companies have been in the news since the PPI mis-selling scandal broke but how do claims management companies work?
Find out all you need to know about store cards and whether you could be better off with a reward or balance transfer credit card.
Credit card applications can take a long time. Find out how long it will take to apply be accepted and receive a new credit card with our useful guide
Paying for a holiday can be one of the most expensive decisions of the year: flights, hotels and travel money. What's the best way to pay for it all?
Credit limits can restrict the amount of money you can borrow on a credit card or overdraft, but there are ways to increase it if you need some extra cash
Read our seven tips for first time credit card holders. See our video for some basic credit card do's and don'ts
Credit card charges can affect your ability to apply for credit and your credit rating. Find out how to understand credit charges in our Uswitch guide
Credit card security has improved but card fraud is still on the rise, we take a look at two of the biggest credit card frauds ever
It's possible to be financially well-off but have a poor credit score, which could stop you from getting the best credit cards and loans.
There are two main UK credit card airline rewards schemes: Avios (the new Airmiles) and Virgin Miles. Which one is better?
RBS and Capital One cardholders are seeing their cashback and rewards scaled back, but why? And is your card safe?
There is a lot of confusion around credit cards and a lot of questions around a few key terms.
Compare MasterCard credit card deals with Uswitch - find the best low APR, balance transfer and cashback credit cards.
Low rate APR credit cards could save you more money in the long run - find out how and compare low rate credit cards with Uswitch to find a great deal.
Credit card cheques were a means of paying for goods or services without cash and when you couldn't use your credit card.
The minimum payment on a credit card can vary but it is typically the highest of the total balance under a fixed amount or the interest
Cashback credit cards allow you to earn back money as you spend as a reward, but which card will give you the most back? American Express or Santander?
Several 0% balance transfer cards are currently offering interest free periods as long as three years - we take a closer look to decide which one is best.
Check our list of organisations, including debt charities in the UK, companies and government bodies that can help you take control of your debt.
Getting into unsustainable debt is frighteningly easy - a few months of irresponsible spending can land you with a debt that could take years to pay back.
We speak to David Rodger, Managing Director of debt advice charity, Debt Advice Foundation about the importance of facing up to your financial problems.
Debt Management Plans are one way to get free of debt. This Uswitch guide explores the benefits and drawbacks of debt management services.
Debt consolidation loans could help you to get in control of your debt by combining all your debts into one. But consolidating debt isn't right for everyone
What is bankruptcy? Bankruptcy is a form of insolvency, read on for bankruptcy information to help you consider your options.
An Individual Voluntary Arrangement (IVA) is an alternative to bankruptcy as a debt management solution. But what is an IVA and how do they work?
Determined to get out of debt, but don't know where to start? Take control of your finances and beat debt with our Uswitch 7-step guide.
Find out how to get out of debt and read about debt solutions with this Uswitch guide to debt management help.
Coping with debt is tough, but you're not alone - get advice on coping with debt stress and depression from Uswitch today.
Budgeting advice and tips for getting your finances in shape and clearing your debts faster. Includes downloadable budget planners.
A Debt Relief Order (DRO) is an alternative to bankruptcy for people on a low income and with few assets. Find out if a DRO is right for you at Uswitch.com
Find out how other people have got control over their debt
Are you liable for your partner's debts? Which debts should you pay off first? What action can your creditors take against you? Get these answers and more.