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There are your average, run-of-the-mill credit cards that come with a $100 annual fee and your standard perks (maybe a free bag and a once-yearly lounge pass). Then there are the premium, high annual fee credit cards. They come with a whopping annual fee that can easily stretch past $500 per year and with rewards that are much, much greater. But are these the best high annual fee credit cards in 2019 entirely worth it?

high annual fee credit cards

Here are the most highly lauded credit cards with hefty annual fees (minus those exclusive cards that are invite-only), so you can determine if one of them is right for you. Note that some of these cards come with the best credit card sign up bonus in July 2019.

Best High Annual Fees in 2019

1. The Platinum Card from American Express

Probably one of the most well-known premium credit cards, the Platinum Card® from American Express is a favorite with high-rolling travelers across the country. If you like to live luxuriously while you’re on the road, this is a card for you to definitely consider, as many cardholders easily think the $550 annual fee (See Rates & Fees) is well worth it.

What do you get in return for that price tag?

You’ll enjoy an annual $200 Uber credit, a $200 airline fee credit, Global Entry or TSA PreCheck credit, complimentary hotel benefits within the Fine Hotels and Resorts Program, access to more than a thousand airport lounges around the world and more.

The earning abilities are pretty nice, too. You get five points for every $1 you spend on travel that you book through the American Express travel portal, as well as five points for every $1 spent with airlines. Every other purchase gives you one point per $1 spent. Getting the Platinum card may not be as difficult as you think either.

2. Chase Sapphire Reserve

The Chase Sapphire Reserve® card is the other big, well-known luxury travel credit card out there. While it doesn’t give you all the same luxury perks as the Platinum Card from American Express, it does give you more ways to earn points on your travel costs. The Chase Ultimate Rewards program is one of the best for spending and getting the most value from those points. The $450 annual fee is a little more affordable as well.

The perks include a $300 travel credit each year, airport lounge access at more than a thousand lounges, Global Entry or TSA PreCheck reimbursement and special benefits when you book with certain hotels and car rental companies.

You get three Chase Ultimate Rewards points per $1 spent on dining and travel (travel is defined broadly in this case) worldwide and one point per $1 spent on everything else. This is also one of the best travel credit cards 2019.

3. Mastercard Gold Card

This premium credit card is one of the most expensive, coming in with a mammoth $995 annual fee. Is it worth it? Well, the Mastercard® Gold Card™ certainly doesn’t give you the same range of travel perks that you see with the two cards above.

Beyond the card itself sporting a 24-karat gold plating, the swanky benefits include special concierge service, a $200 annual airline credit, $100 Global Entry reimbursement and exclusive gifts from top brands.

You receive 2% cash back, or you can redeem your points for airfare, for double value.

Learn more: Credit Cards for Excellent Credit

4. Citi AAdvantage Executive World Elite Mastercard

If you’re specifically in the market for an airline card, this co-branded Mastercard from American Airlines could be suitable. The Citi® / AAdvantage® Executive World Elite™ Mastercard® charges a $450 annual fee. If you love and are loyal to American Airlines, you could see big benefits that really are worth it every time you fly.

Cardholders receive Admirals Club membership (with 50 lounges worldwide), priority check-in and screening, early boarding, free checked bags for you and eight of your buddies, and Global Entry or TSA PreCheck fee credit.

This credit card is also one of the best credit cards for airline purchases. If you sign up right now, you can receive 50,000 American Airlines AAdvantage bonus miles, after you spend $5,000 on the card in three months.

Otherwise, you earn two miles for every $1 spent on American Airlines purchases and one mile on everything else. If you spend $40,000 on the card in one year, you receive 10,000 qualifying miles, helping you achieve a better elite tier status.

Learn more: Point Rewards Credit Cards

5. Mastercard Black Card

The Mastercard® Black Card™ is also very suitable for luxury travelers, with its long list of perks. With a $495 annual fee, it’s also not as pricey as its sibling, the Gold Card.

Along with an annual $100 airline credit, Global Entry and TSA PreCheck fee credit and lounge access at more than a thousand lounges, cardholders also receive regular gifts from various brands, room upgrades, complimentary hotel credits, global luggage delivery, access to charter services including jets and yachts and access to luxury experience tickets.

Cardholders earn one point for every $1 spent and you receive 2% value when you redeem your points for airfare.

Learn more: Credit Cards for Excellent Credit

Which High Annual Fee Credit Card Is Right for You?

The best high-priced card for you will depend on your preferences, needs, and budget. If you’re intrigued by the Mastercard Gold Card, but don’t want to drop $1,000 per year on a card, maybe you start out with the Black Card. If you definitely want an airline card, the Citi AAdvantage Executive World Elite Mastercard could be best for you. And for those looking to really earn points and miles, the Chase Sapphire Reserve is a good way to go.

For rates and fees of The Platinum Card®, please click here.

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Best High Annual Fee Credit Cards in 2019?
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