The Crème De La Crème of Credit Cards to Consider When You Are a Millionaire

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Almost everyone aspires to be filthy rich at some point so they can live that millionaire lifestyle where they fly on private jets, eat at the best restaurants access exclusive perks only available to the wealthy and much more. Moving money around can be tedious but if you can access those things if you have one of those exclusive cards given to high net-worth individuals.

If you have worked hard and made your millions, consider securing elite credit cards that you should consider if you wish to access those perks only available to wealthy individuals. Here are some of the cards to choose from.

  • The Palladium Visa From JP Morgan Chase

The card is made of actual gold and palladium, which is quite impressive but what’s even more exciting is the fact that the card waives many common charges like late payments, forex and overdrafts. Those that have the palladium card also access limitless spending. However, those perks come with a hefty $595 annual fee which will likely not be much for a millionaire. The card is only available to JP Morgan’s wealth management division’s clients who are high net-worth individuals.

  • Ink Business Preferred card

It is one of the most popular cards among business owners thanks to the flexibility that it offers. It has one of the best point systems that allow business owners to earn points on their purchases, which they can then redeem later. For example, the first $15,000 spent on business purchases within the first 3 months of opening your account will earn you as much as 100,000 bonus points. You can then redeem these points for as much as $1,250 which can go towards travel.

You also earn 3 points for every dollar on the first $150,000 spent on specific business expenses and travel. If you redeem your points via Chase Ultimate Rewards, your points will have 25 percent more value.

  • Chase Saffire Reserve

It is one of the most ideal cards that you can acquire if you travel frequently. The card allows you to earn a handsome 50,000 extra points when you make purchases worth more than $4,000 within the first three months after acquiring the card. If you redeem those points you receive travel rewards worth $750. You also receive an annual $300 cash back on travel purchases paid for through that card.

Redeeming your points through Chase Ultimate Rewards gives you 50 percent more value on your points. You can also access point transfer on a 1:1 ratio through hotel loyalty and airline programs.

  • American Express Centurion Card

It is also popularly known as the American Express Black Card and can be described as the OG of premium credit cards. This card is undoubtedly for the ultra-rich individuals considering the high spending requirements. For example, your annual card purchases need to be above $250,000 to qualify for this card. This limits the card to very few people who receive incredible perks such as free nights at various hotels, free extra travel tickets for a companion, round-the-clock concierge and access to a variety of premium airport and sports clubs.

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