High-end cards are the belle of the ball these days in the credit card world. They generate tremendous fees for the banks that issue them while offering consumers big benefits, such as travel credits and lounge access. Somewhere in there, the banks assume that you will become more loyal to the card and use it more frequently.*
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*Beginner’s Hint: High-end cards are often a great deal for the benefits they offer. The card may carry a $450 fee, for instance, but offer $300 in travel credits in addition to airport lounge access, hotel benefits, Global Entry credit, etc.
But just because you have the card doesn’t mean that you actually have to use it. American Express’s Platinum Card offers among the best benefits in the industry, but the Membership Rewards points that you earn when you use it are worth next to nothing. Take the cannoli, leave the points.
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And finally, you can apply for credit cards through this site. All card proceeds are donated to charity, so please do well by doing good!