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Exclusive and high-limit credit cards

Premium credit cards

Premium credit cards offer impressive rewards, high credit limits and other benefits for those with large salaries and a strong credit score. But some are more attainable than you might think.

Premium credit cards

Find out which premium credit cards you can qualify for already
Uswitch.com is rated Excellent | by 23,619 people
Fact checker
Last updated
February 9th, 2024
10 results found, sorted by popularity.

Barclaycard Platinum Balance Transfer (20/21)

Representative APR (variable)
24.9%APR
Account fee
£0
Cashback or Rewards
-
Representative example:
The standard interest rate on purchases is 24.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
More Information
Additional information
  • 20 months 0% balance transfer (3.45% transfer fee applies. Terms and conditions apply).
  • Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. This is a new benefit, available to all Barclaycard Visa credit card customers. T&Cs apply
Eligibility
  • be a permanent UK resident
  • be 21 years or over
  • not have had any Individual Voluntary arrangements, County Court Judgements and must not have been declared bankrupt
  • not already hold a Barclaycard credit card
  • best suited to customers with an income of £20,000
  • additional criteria for acceptance from the lender may apply

Barclaycard Platinum Balance Transfer (20/21) (31.9%)

Representative APR (variable)
31.9%APR
Account fee
£0
Cashback or Rewards
-
Representative example:
The standard interest rate on purchases is 31.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 31.9% (variable).
Award Winner

Amex® Platinum Card

Representative APR (variable)
704.6%APR
Account fee
£650
Cashback or Rewards
Membership Rewards
Representative example:
The standard interest rate on purchases is 31% p.a. (variable), so if you borrow £1,200 the Representative APR will be 704.6% (variable).£650 annual fee.
More Information
Additional information
  • New Cardmembers earn 40,000 Membership Rewards® Points when you spend £6,000 in the first 3 months of Cardmembership. T&Cs Apply. UK 18+, subject to status.
Eligibility
  • be 18 or older
  • have a current UK bank or building society account
  • have a permanent UK home address
  • have no County Court Judgements
  • additional criteria for acceptance from the lender may apply
LIMITED TIME OFFER

Amex® Preferred Rewards Gold Credit Card

Representative APR (variable)
88.8%APR
Account fee
£195
Cashback or Rewards
Membership Rewards
Representative example:
The standard interest rate on purchases is 31% p.a. (variable), so if you borrow £1,200 the Representative APR will be 88.8% (variable). £195 annual fee.
More Information
Additional information
  • New Cardmembers earn 25,000 Membership Rewards® points when you spend £3,000 in your first three months of Cardmembership. PLUS spend anything in month 15 and get 5,000 Membership Rewards® points. Offer ends 16 July. Terms Apply. 18+, subject to status.
  • New Cardmember offer: This new Cardmember offer is only available if you have not held a personal American Express Card within the previous 24 months. If you have held a personal American Express Card within the previous 24 months, you will be entitled to all other Card benefits, excluding the welcome offer.
  • 25,000 Membership Rewards bonus points: Limited time offer. The 25,000 Membership Rewards bonus points will be awarded onto your Account if you are a new customer and you have applied after midnight GMT 29 May and before 11:59pm GMT 16 July 2024 and when you spend £3,000 in your first three months of Cardmembership. All introductory offers are subject to change and can be withdrawn at any time. Cardmembership begins from Card approval. Please note that it can take up to one month for bonus points to be awarded to your Account.
  • 5,000 Membership Rewards bonus points: To qualify for the additional 5,000 points after 15 months of Cardmembership, one (1) purchase of any amount must be charged to your American Express® Preferred Rewards Gold Credit Card in month 15 of Cardmembership and subsequently posted to your Account. All spend must be made on the Card you were originally approved for to be eligible.
  • Choose from multiple airlines: transfer your Membership Rewards© points to 12 airline partners' loyalty programmes, including British Airways Executive Club, Emirates Skywards and Virgin Atlantic Flying Club.
  • Eligible for two £5 Deliveroo vouchers per month (£10 total), when you spend at Deliveroo with your Gold Card
Eligibility
  • be 18 or older
  • have a current UK bank or building society account
  • have a permanent UK home address
  • have no County Court Judgements
  • additional criteria for acceptance from the lender may apply

Capital One Platinum Card

Representative APR (variable)
29.8%APR
Account fee
£0
Cashback or Rewards
-
Representative example:
The standard interest rate on purchases is 29.84% p.a. (variable), so if you borrow £1,200 the Representative APR will be 29.8% (variable).
More Information
Additional information
  • For people with bad credit or building credit
  • Credit limit of £200 to £1,500
  • Up to two optional credit limit increases per year, if eligible
  • Helps you stay on top of your spending when you set up email alerts
Eligibility
  • be 18 or older
  • have had credit in the UK before
  • not been declared bankrupt in the last 12 months
  • additional criteria for acceptance from the lender may apply

Barclaycard Platinum Balance Transfer (12 Mths)

Representative APR (variable)
24.9%APR
Account fee
£0
Cashback or Rewards
-
Representative example:
The standard interest rate on purchases is 24.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
More Information
Additional information
  • 3 months 0% on purchases
  • 12 months 0% balance transfer (0% transfer fee applies. Terms and conditions apply)
  • Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. This is a new benefit, available to all Barclaycard Visa credit card customers. T&Cs apply.
Eligibility
  • be a permanent UK resident
  • be 21 years or over
  • not have had any Individual Voluntary arrangements, County Court Judgements and must not have been declared bankrupt
  • not already hold a Barclaycard credit card
  • best suited to customers with an income of £20,000
  • additional criteria for acceptance from the lender may apply

Barclaycard Platinum Balance Transfer (28 Mths)

Representative APR (variable)
24.9%APR
Account fee
£0
Cashback or Rewards
-
Representative example:
The standard interest rate on purchases is 24.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 24.9% (variable).
More Information
Additional information
  • Earn up to 15% cashback automatically when you spend at a range of participating retailers with Barclaycard Cashback Rewards. This is a new benefit, available to all Barclaycard Visa credit card customers. T&Cs apply.
Eligibility
  • be a permanent UK resident
  • be 21 years or over
  • not have had any Individual Voluntary arrangements, County Court Judgements and must not have been declared bankrupt
  • not already hold a Barclaycard credit card
  • best suited to customers with an income of £20,000
  • additional criteria for acceptance from the lender may apply

Barclaycard Platinum Balance Transfer (12 Mths) - Excl

Representative APR (variable)
31.9%APR
Account fee
£0
Cashback or Rewards
-
Representative example:
The standard interest rate on purchases is 31.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 31.9% (variable).
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.

What is a premium credit card?

A man is sat at a desk with a laptop, holding a credit card and phone

A premium credit card is at the elite end of the credit card market - frequently defined by their colour, gold, platinum and black cards sit at the top of many providers’ offerings.

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.

Premium credit cards offer rewards simply not available elsewhere."

What is included with a premium credit card?

The main selling point of premium cards is the exclusive benefits available to cardholders.

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.

Others might decide the benefits simply aren't worth the fee being charged.

"Premium credit cards can provide a lot more than just a status symbol to owners."

Benefits depend on the exact card you choose, but frequently 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

How premium credit cards work

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 at least an excellent credit history, a related bank account or a high salary 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.

Number of active credit cards in the UK[1]
36million

What are the advantages and disadvantages of premium credit cards?

Advantages

High credit limits
Extras such as airport lounge access and discounts on concert and theatre tickets
Concierge service, giving you round-the-clock assistance for all your entertainment, travel and restaurant needs

Disadvantages

Interest rates can be higher than those of traditional cards
The fees can be much higher than ordinary credit cards
Some premium cards are actually charge cards, so you must pay your balance in full every month

How do premium cards compare to a standard card?

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. These are known as charge cards.

You get more, but pay more too."

Watch: Cashback and rewards credit cards explained

Who can get a premium credit card?

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.

Some premium credit cards will have high-income requirements, and you’ll need 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.

If it's the colour that matters the most, there's some good news however. 

While many gold and platinum cards are exclusive, there are some that are far more easily accessible than you might think.

There's at least one gold card available to people with annual salaries as low as £7,000 (the First Direct Gold credit card only asks for a minimum annual income requirement of £6,800). But it doesn't come with the full range of perks some of the others offer.

How to apply for a premium credit card

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 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.

You can use our card finder tool below to see which of our premium cards you qualify for:

Some premium credit cards are invitation only, but there are plenty of others that aren't."

Find a premium credit card

See what's available and check your eligibility before applying with our card finder tool
eligibility-animation
1
Answer a few simple questions about yourself
2
We'll show you the cards you're most likely to get
3
Your credit score won't be affected by the search
Trust Pilot stars

Premium credit card FAQs

What is APR?

APR stands for "annual percentage rate" - it's the interest rate charged on money borrowed on your credit card. 

It reflects the costs you'll pay over the course of a year and includes any standard fees associated with the card. 

In most cases, you can avoid paying interest by paying off your credit card balance in full by the due date of every billing cycle.

How many credit cards should I have?

There’s no prescribed number of credit cards you should have. It all depends on your personal circumstances. Conventional wisdom suggests that it’s a good idea for most people to have at least two credit cards. One for everyday spending that helps earn rewards or cashback, which you’d preferably pay off in full every month. Another which you keep for emergencies, to pay for unexpected expenses such as car repairs, or having to travel at short notice. 


Why is the APR so high on some premium credit cards?

The APR on premium credit cards can 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.

How Uswitch compares credit cards

What does ‘most popular’ and ‘popularity’ mean?

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 30 days.

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.

Does Uswitch compare all the credit cards on the market?

We compare 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.

Credit card guides

Find out more about how credit cards work with our in-depth guides
How many credit cards can you have?
How many credit cards can you have?
How to use a credit card
How to use a credit card
What are the differences between credit and debit card?
What are the differences between credit and debit card?

About the author

Salman Haqqi
Salman Haqqi has over a decade of experience as a journalist in several countries around the world. In recent years, he has turned his focus to helping people make confident financial decisions and regularly comments in the media about personal finance.

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