Best Credit Cards For High Spenders

Do you find yourself dishing out the big bucks every month on your essential and luxury purchases? If yes, then you deserve a credit card that rewards you for your extravagant spending habits. In this comprehensive blog post, we'll help you discover the best credit cards tailored for high spenders like you. Dive in and explore the best options that churn out amazing rewards, cashback offers, travel points, and more!

The Top Credit Cards for High Spenders

We analyzed and compared numerous credit cards to bring you the best ones for high spenders. Here are our top picks with their fantastic benefits:

1. Chase Sapphire Preferred® Card

• Sign-up bonus: Earn 60,000 bonus points after spending $4,000 within the first three months
• Reward rate: 2x points on dining and travel purchases, 1x points on all other purchases.
• Annual fee: $95
• Points can be redeemed through the Chase Ultimate Rewards® program for travel, cashback, or gift cards

2. Platinum Card® from American Express

• Sign-up bonus: Earn 75,000 Membership Rewards® points after spending $5,000 within the first six months
• Reward rate: 5x points on flights booked directly with airlines or through American Express Travel, 5x points on prepaid hotels booked through amextravel.com, and 1x points on all other purchases
• Annual fee: $695
• Additional benefits: $200 in Uber credits, airport lounge access, airline fee credit, and concierge services

3. Citi Prestige® Card

• Sign-up bonus: Earn 50,000 bonus points after spending $4,000 within the first three months
• Reward rate: 5x points on air travel and restaurants, 3x points on hotels and cruise lines, and 1x points on all other purchases
• Annual fee: $495
• Additional benefits: Complimentary 4th night at select hotels, up to $250 in travel credits, and Priority Pass™ lounge access

4. Discover it® Miles

• Sign-up bonus: Unlimited 1.5x miles on all purchases, which are matched by Discover at the end of your first year
• Reward rate: 1.5x miles on all purchases
• Annual fee: $0
• Redeem miles for travel credits or cashback

Factors to Consider When Choosing a Credit Card for High Spending

To ensure you gain maximum value for your spending habits, consider the following factors when selecting a credit card:

Earning Potential

Evaluate the reward rates offered by various credit cards and choose one that provides the most lucrative rewards on your specific high spending categories.

Sign-up Bonuses

Look for credit cards with generous sign-up bonuses, as they help boost your rewards quickly, particularly if you can meet the minimum spending requirements.

Annual Fees

While premium credit cards often attract annual fees, your high spending habits should ideally help you earn rewards that offset the fee costs.

Best Credit Cards For High Spenders Example:

Imagine you're an avid traveler, mostly flying and dining out, with monthly expenses totaling around $5,000. In this case, the Citi Prestige® Card would be an excellent option. By putting all your spending on this card, you'll earn:

• 25,000 points per month on air travel and restaurants (5x)
• 3,000 points per month on hotel bookings (3x)
• 3,500 points per month on all other purchases (1x)

This adds up to 31,500 points per month, amounting to a whopping 378,000 points every year. Moreover, you'll receive valuable benefits such as a complimentary 4th-night stay, travel credits, and lounge access. The $495 annual fee might seem steep, but with such rewards, it's a worthwhile investment.

Now that you're acquainted with the best credit cards for high spenders, it's time to select one that aligns with your spending habits and start reaping the benefits. Make sure to weigh the pros and cons and consider factors such as earning potential and annual fees. Don't forget to share this article with your fellow high spenders and explore more guides on Flik Eco to make informed personal finance decisions. Happy spending!