Premium credit cards are often marketed as the ultimate tool for travelers, packed with perks like airport lounge access, travel credits, elite status and elevated earning rates. But with annual fees that can reach almost $900, many people wonder: Are these cards truly worth the cost?

The truth is, these cards can deliver tremendous value — or end up costing you more than they’re worth. It all depends on your travel habits, spending patterns and how much you’ll take advantage of what’s offered.

Here’s how to tell whether a premium card deserves a spot in your wallet.

Related: Premium credit cards vs. mid-tier credit cards: Which should you get?

What are premium credit cards?

Before we dive into the details, let’s take a moment to understand what makes a credit card premium.

Premium credit cards represent the top tier of the rewards card ecosystem. These high-end cards typically come with hefty annual fees (from $395 to nearly $900) but also offer an impressive lineup of perks. Think: airport lounge access, elite hotel or airline status, generous statement credits, enhanced travel protections and accelerated points earning.

They’re designed for frequent travelers and big spenders who can maximize the value of the benefits. But premium doesn’t mean one-size-fits-all; what’s valuable to one cardholder might not be worth it to another.

Some of the most popular premium credit cards on the market include:

When a premium credit card is worth the annual fee

When are premium credit cards worth the fee? Here are a few signs a premium credit card might belong in your wallet.

You’ll use the statement credits

Many premium cards make it surprisingly easy to offset most (if not all) of your annual fee through statement credits alone. But these credits only have value if you actually use them.

For example, the Chase Sapphire Reserve offers an up to $300 annual travel credit that automatically applies to a wide range of purchases, from airfare and hotels to parking and tolls.

The Amex Platinum goes even further, offering a plethora of credits, including airline fee credits, monthly Uber Cash and statement credits for digital entertainment subscriptions.

If those credits match your lifestyle, your annual fee could easily pay for itself. But if you won’t use them — say, you rarely use ride-hailing services or don’t stay in hotels often — the value disappears quickly.

You value airport lounge access and travel perks

For many travelers, airport lounge access alone can make a premium card worth keeping. The Amex Platinum offers the most comprehensive access of the cards above, including to Centurion Lounges, Delta Sky Clubs (when flying Delta) and Priority Pass lounges (enrollment required).

The Citi / AA Executive World Elite Mastercard and United Club Card both come with unlimited access to their respective airline lounges, which is a huge perk if you regularly fly American Airlines or United Airlines.

If you’re someone who spends hours in airports each month, these perks can easily outweigh the annual fee. However, if you only travel once or twice a year, it might be smarter to opt for a lower-tier travel rewards card, such as the Citi Strata Premier® Card (see rates and fees) instead.

Related: Is the Amex Platinum worth the annual fee?

You care about elite status and upgrades

Premium cards often offer automatic elite status with airline or hotel partners, which is a benefit that can elevate your travel experience even further.

For example, the Hilton Honors Aspire includes complimentary Hilton Diamond status, offering complimentary breakfast, and room upgrades and late checkout (subject to availability). The Marriott Bonvoy Brilliant automatically grants Platinum Elite status (and a path to higher tiers through spending).

Meanwhile, premium cobranded airline cards like the Citi / AA Executive World Elite Mastercard and the Delta Reserve help you spend toward status and move you higher up the upgrade list.

If you fly or stay at hotels regularly, these perks can deliver hundreds (or even thousands) of dollars in added value each year.

Related: Marriott elite status: What it is and how to earn it

You can maximize earning and redeeming points

Premium cards tend to offer higher earning rates and more flexible redemption options than lower-tier travel rewards cards. The Sapphire Reserve, for instance, earns 3 points per dollar on dining and 8 points per dollar on Chase Travel℠ bookings.

Meanwhile, Amex Platinum cardholders earn 5 points per dollar on flights booked directly with airlines or through American Express Travel® (on up to $500,000 per calendar year, then 1 point per dollar), which is a high rate of return for frequent flyers.

If you’re strategic about earning and redeeming points by transferring them to airline or hotel partners or using them towards high-value travel redemptions, you can easily justify the annual fee.

For instance, Chase Ultimate Rewards points can be transferred to programs like Air France-KLM Flying Blue and World of Hyatt, where they can unlock significantly more value than a simple cash-back redemption.

This is especially true when a transfer bonus is in play. I recently took advantage of a 25% transfer bonus while booking a flight to Paris. The flight cost 18,750 Flying Blue miles, but thanks to the bonus, I only needed to transfer 15,000 Chase points to cover it.

Being strategic about how you earn and redeem points stretches your rewards further (and helps offset the annual fee).

Related: How to maximize earning with the Chase Sapphire Reserve

When a premium credit card is not worth the annual fee

Premium credit cards come packed with perks, but those benefits only matter if you actually use them. For some cardholders, the high annual fee just doesn’t make sense based on their spending or travel habits.

Here are a few signs a premium credit card might not be the right fit for you.

You won’t use the travel perks

At the end of the day, premium cards are designed for people who travel and travel often. If your lifestyle doesn’t include regular flights, hotel stays or time spent at airports, many of these benefits will go unused.

You’ll likely be better off with a mid-tier travel card that still earns value points but has a lower annual fee, like the Chase Sapphire Preferred® Card (see rates and fees) — one of our favorite starter travel cards here at TPG — and one of the top cards in my wallet.

Related: Best credit cards

You don’t want to pay a high annual fee

Premium card annual fees reach into the hundreds of dollars (and potentially soon into the thousands). Those fees can be worth it if you can maximize credits, lounge access and transfer partners, but if you don’t, the math may not add up.

If you want to keep your costs low, a no-annual-fee card like the Citi Double Cash® Card (see rates and fees) may be a better fit.

Related: Best no-annual-fee credit cards

You prefer simpler rewards

Premium cards often come with complex benefits, earning structures, and redemption options that can be overwhelming if you’re not deep into the points and miles world. If that sounds like you, a premium card might not be the best fit — though there are a few exceptions.

For example, the Capital One Venture X offers one of the more straightforward earning structures, earning at least 2 miles per dollar on every purchase and 5-10 miles per dollar spent on travel booked through Capital One’s travel booking site. You’ll still enjoy premium perks like airport lounge access and travel protections without the need to memorize bonus categories or monthly credits.

However, if you prefer to skip the premium tier and annual fees entirely, the Chase Freedom Unlimited® (see rates and fees) is a strong choice, earning at least 1.5% cash back on every purchase.

Related: The best cash-back credit cards to add to your wallet

You don’t want to track multiple benefits

Between monthly credits, lounge access rules, bonus categories and elite status requirements, maximizing a premium card requires some effort. If you don’t want to monitor expiring credits or jump through hoops to activate perks, you might not get full value out of a premium card.

Instead, you might try a straightforward card like the Wells Fargo Active Cash® Card (see rates and fees), which has no rotating categories and no travel credits to remember.

Related: The best first credit cards for beginners

Bottom line

Premium credit cards can absolutely be worth the annual fee, but only if you’ll take advantage of what they offer. Frequent travelers who use the statement credits, enjoy lounge access and maximize reward redemptions will easily come out ahead.

If those perks align with your spending habits, a premium card like the Amex Platinum, Chase Sapphire Reserve or Hilton Aspire can pay for itself year after year. But if you’re not likely to use the benefits, consider a lower-fee option and save your money for your next trip instead.

Related: The best premium credit cards: A side-by-side comparison

The Platinum Card® from American Express provides excellent value — and many of these perks don’t have to be limited to the primary cardholder. That’s because you have two options for sharing your refreshed Amex Platinum’s perks with a partner, child, friend or other companion.

Of course, there is no one-size-fits-all approach. The Companion Platinum Card comes with no fee (see rates and fees) but fewer benefits, while you’ll pay an additional $195 authorized user fee (see rates and fees) on top of the Amex Platinum’s existing $895 annual fee (see rates and fees) if you go that route.

So, which one is right for you? Let’s compare these two products to help you decide.

Companion Platinum vs. authorized user benefits

Benefit	Companion Platinum	Authorized user
Access to Fine Hotels + Resorts and The Hotel Collection programs	No	Yes
Amex Offers	Yes	Yes
Car rental and hotel elite status	No	Yes
Cellphone protection (when you pay your monthly bill with the card)	Yes	Yes
Earns Membership Rewards points	Yes	Yes
Global Entry/TSA PreCheck statement credit	Yes	Yes
Lounge access	No	Yes
Platinum Nights by Resy dining experiences	Yes	Yes
Travel and shopping protections	Yes	Yes
Additional fee	$0	$195

Which benefits do neither Companion Platinum Card members nor authorized users receive?

It’s important to note that neither Companion Platinum Card members nor authorized users receive their own individual statement credits except for the Global Entry/TSA PreCheck credit. However, they can help the primary cardmember maximize their credits by spending on the card.

Companion Platinum Card members and authorized users also don’t receive a welcome offer unless they apply for their own Platinum Card as a primary cardmember.

Can you earn bonus points for adding a Companion Platinum Card member or authorized user?

It’s worth checking your Amex Offers to see if you can earn bonus points for adding an authorized user. (You’re unlikely to earn bonus points for adding a Companion Platinum Card.)

For example, TPG contributing credit cards editor Matt Moffitt had an offer to earn 20,000 bonus points after the first authorized user added spent $2,000 on their card within the first six months of card membership.

Related: The 7 credit cards with the greatest value for authorized users

When you should get a Companion Platinum

When considering a Companion Platinum Card, remember it does not include lounge access or elite status, benefits that come with an Amex Platinum authorized user card. If you’re fine without, consider these perks.

Global Entry or TSA PreCheck statement credit

Primary cardmembers, authorized users and Companion Platinum Card members receive statement credits for Global Entry or TSA PreCheck application fees.

You’ll receive a statement credit of up to $120 every four years for Global Entry or up to $85 every 4 1/2 years with TSA PreCheck.

If you are already enrolled in Global Entry or TSA PreCheck, you can use this benefit for someone else. Since you don’t have to pay to add a Companion Platinum Card, this provides excellent value.

Earning more points

The primary cardmember earns bonus points on every purchase made by a Companion Platinum Card member. Companion Platinum Cards earn points in the same bonus categories as the Amex Platinum:

• 5 points per dollar spent on airfare purchased directly with the airlines or through American Express Travel® (on up to $500,000 of airfare purchases per calendar year, then 1 point per dollar spent)
• 5 points per dollar spent on prepaid hotels booked with Amex Travel
• 1 point per dollar spent on all other purchases

American Express Membership Rewards points are worth 2 cents each, per TPG’s September 2025 valuations, representing a 10% return on eligible flights and hotels booked through Amex Travel. And if you move your points to one of Amex’s transfer partners, you can unlock incredible travel experiences for your spending.

Related: 7 ways to get 2 cents in value from each Membership Rewards point you redeem

When you should pay for an Amex Platinum authorized user

There are some circumstances where it makes sense to pay the extra $195 and add an authorized user to your Amex Platinum. An authorized user receives all the benefits of the Companion Platinum Card, plus the following perks:

Lounge access

Eligible authorized users receive access* to the American Express Global Lounge Collection — even when they aren’t traveling with the primary cardmember — including:

*Enrollment is required.

**When traveling on same-day Delta Air Lines-operated flights, eligible Platinum Card members will receive 10 visits per eligible Platinum Card, per year to the Delta Sky Club or to Grab and Go locations, unless they spend $75,000 or more on their card to unlock unlimited visits.

Amex doesn’t allow most Platinum Card members to bring complimentary guests to Centurion Lounges, so adding your traveling companion as an authorized user could be a great idea.

That’s because it normally costs $50 for each adult guest over 18 and $30 for each child between 2 and 17 (children under 2 are still free). An adult would need to visit a Centurion Lounge four times to earn back the value of the $195 authorized user fee.

However, if you spend $75,000 on your Amex Platinum in a calendar year, you can bring two guests into Centurion Lounges.

Car rental and hotel elite status

Authorized users will also receive complimentary Gold status in the Hilton Honors and Marriott Bonvoy loyalty programs, as well as Leaders Club Sterling Status from The Leading Hotels of the World. (Enrollment is required.)

Marriott Bonvoy Gold Elite status benefits include room upgrades and priority late checkout (both subject to availability).

In addition to hotel elite status, Amex Platinum authorized users also receive status with three car rental companies. These include Avis Preferred Plus, Hertz Gold Plus Rewards President’s Circle and National Emerald Club Executive status. (Enrollment is required.)

With National Emerald Club Executive status, you will receive Emerald Aisle access and won’t have to pay secondary driver fees when you rent a car.

Hotel benefits

Authorized users can access American Express Fine Hotels + Resorts and The Hotel Collection, just like the Amex Platinum primary cardmember (minimum two-night stay required for The Hotel Collection).

While they’ll receive the benefits below, they don’t get their own up to $300 biannual hotel statement credit, which is reserved for the primary cardmember only.

Booking through The Hotel Collection provides elitelike benefits to both primary cardmembers and authorized users, including:

• Noon check-in***
• Late checkout***
• Room upgrade upon arrival***
• $100 credit toward eligible charges

***Benefits are subject to availability.

And the Fine Hotels + Resorts program provides all the above benefits, plus:

• Complimentary Wi-Fi
• Daily breakfast for two
• Guaranteed 4 p.m. checkout

Related: Our favorite American Express Fine Hotels + Resorts properties where you can get elite perks

Which option is right for you?

The Companion Platinum Card allows another person to earn Membership Rewards points on behalf of the primary cardmember and redeem Amex Offers for no additional fee. Examples of who this option is best for include:

• A teenage or college-aged child who wants to build their credit history
• Someone who would benefit from receiving a Global Entry/TSA PreCheck statement credit

If you add someone as an authorized user, they’ll receive perks similar to those available to you as the primary cardmember, such as lounge access and elite status — but it comes at a price.

For an authorized user, you’ll have to pay an additional $195 on top of the Amex Platinum‘s $895 annual fee (see rates and fees). You can add up to three authorized users, and they have to be at least 13 years old. So, this option would be best for:

• A partner, parent or close friend who is a frequent traveler
• A travel companion who values lounge access

Related: How to pick the right travel credit card for you

Bottom line

With so many benefits to enjoy, it’s easy to see why you’d want to share your Amex Platinum with someone else.

A Companion Platinum Card is best for teenagers and young adults just starting out to earn Membership Rewards points (for your account), while an authorized user card is a great option for frequent travelers who would better appreciate the card’s travel benefits like lounge access and elite status.

If you’re weighing whether your authorized user should get their own Amex Platinum — and potentially earn their own welcome bonus — we also have a full guide on how to make that decision.

To learn more about the card, read our full review of the American Express Platinum.

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Apply here: The Platinum Card from American Express

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For rates and fees of the Amex Platinum, click here.

Depending on how many credit cards you have, the list of benefits you should be using this month might feel overwhelming. Can you remember all of these perks without help? Maybe not.

Rather than trying to keep track of all of them on your own, we’ve compiled a monthly checklist of credit card perks and benefits you might be eligible for. This should take the guesswork out of your benefits when they expire and their value.

Here are some important reminders for the month of August.

Related: The 13 card benefits TPG’s experts love the most

American Express

There are numerous monthly card perks that you should be using since Amex offers many of its statement credits as monthly amounts, rather than a one-time annual benefit.

It’s important to note that these values are “up to” amounts, meaning this is the maximum you will receive in statement credits. If you spend less than this amount, you will be reimbursed only for that lower amount.

Additionally, your Uber Cash will disappear from your account if unused by the end of the month.

Overall, these are not benefits you can roll over for later. They are “use it or lose it” type credits.

The Platinum Card from American Express

• Up to $12.95 statement credit for a Walmart+ monthly membership (up to $155 per calendar year): Pay with The Platinum Card® from American Express, then receive reimbursement in statement credits for one membership fee per month. Here’s how to enroll (subject to auto-renewal). Plus Up Benefits are not eligible. If you don’t receive the statement credit automatically, it’s worth requesting that any missing credits be applied. The easiest way is via chat (online or through the Amex app). Enrollment is required; terms apply.
• Up to $15 in Uber Cash (additional $20 in December; up to $200 in Uber Cash per calendar year): This can be used for Uber rides or on Uber Eats orders in the U.S. Add your card to your Uber account as a payment method and then redeem with any Amex card. Here’s how to use this benefit (enrollment is required; terms apply)
• Up to $20 digital entertainment statement credit (up to $240 per calendar year): This can be used for a Disney+ Bundle, Disney+, ESPN+, Hulu, Peacock, The New York Times and The Wall Street Journal. Enrollment is required in advance to receive the statement credit; terms apply. Here’s how to use this benefit.

While not a monthly benefit, cardmembers also receive two spending credits with Saks Fifth Avenue on the Amex Platinum each calendar year. From Jan. 1 through June 30 each year, you’ll receive up to $50 in statement credits, plus a separate up to $50 in statement credits from July 1 to Dec. 31, for up to $100 in Saks statement credits each calendar year. Enrollment is required in advance; terms apply.

You can use up to $300 in Equinox statement credits per calendar year. These credits apply to paying for Equinox+ or any Equinox club membership (subject to auto-renewal). Here’s how to use this benefit. Enrollment is required; terms apply.

These benefits and statement credits can help offset the card’s $695 annual fee (see rates and fees).

To learn more, check out our full review of the Amex Platinum.

Related: 10 things to do when you get the Amex Platinum

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Apply here: The Platinum Card from American Express

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The Business Platinum Card from American Express

• Up to $10 wireless credits (up to $120 per calendar year): Pay for an eligible U.S. mobile service provider and receive a statement credit of up to $10 each month. Enrollment is required in advance; terms apply.
• Up to $50 each quarter (up to $200 per calendar year) for eligible Hilton purchases: This statement credit can be used for any eligible purchase at a property in the Hilton portfolio. Note that you must be registered in the Hilton for Business program to participate. Terms apply.

The Business Platinum Card® from American Express doesn’t award credits at Saks or with Uber, but cardmembers can receive up to $1,150 in statement credits per calendar year for U.S. Dell purchases.

You can receive up to $150 in statement credits on U.S. purchases made directly at Dell and then an additional $1,000 statement credit after spending $5,000 or more at Dell from July 1 through Dec. 31 (and for each calendar year thereafter).

These credits help offset this card’s $695 annual fee (see rates and fees).

To learn more, check out our full review of the Amex Business Platinum.

Related: 9 things to do when you get the Amex Business Platinum Card

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Apply here: The Business Platinum Card from American Express

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American Express Gold Card

Use the following benefits to help offset the card’s $325 annual fee (see rates and fees):

• Up to $10 Uber Cash each month (up to $120 per calendar year): Like the perk on the Amex Platinum, this applies to Uber rides and Uber Eats orders in the U.S. Add your American Express® Gold Card to your Uber account as a payment method to receive this benefit, and note that it can stack with the monthly credit on the Amex Platinum if you have both cards. Here’s how to use this benefit. Enrollment is required; terms apply. Uber Cash will only be deposited into one Uber account when you add the Amex Gold as a payment method to use and redeem with any Amex card.
• Up to $10 dining statement credit (up to $120 per calendar year): Use your card to pay at The Cheesecake Factory, Five Guys, Goldbelly, Grubhub and Wine.com to receive up to $10 in monthly statement credits. Enrollment is required in advance; terms apply. Here’s how to use this benefit.
• Up to $7 Dunkin’ credit (up to $84 per calendar year): Cardmembers receive up to $7 in monthly statement credits to be used at Dunkin’ locations within the U.S. This credit can also be used to load your mobile Dunkin’ Donuts account. Enrollment is required; terms apply.
• Up to $100 annual U.S. Resy statement credits: Cardmembers receive two up to $50 semi-annual statement credits per calendar year, one to be used from January to June and another from July to December. Statement credits can be redeemed by dining at a restaurant in the U.S. that accepts Resy reservations and paying with your Amex Gold, as well as on other eligible Resy purchases. A reservation is not required to earn the statement credit. Enrollment is required; terms apply.

To learn more, check out our full review of the Amex Gold.

Related: American Express Gold checklist: 5 things to do when you get the card

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Apply here: American Express Gold Card

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American Express Business Gold Card

• Up to $20 flexible business credit (up to $240 per calendar year): Cardmembers can earn up to $20 in statement credits per month on eligible U.S. purchases at FedEx, Grubhub, and office supply stores. Enrollment required; terms apply.

These statement credits can easily help offset the American Express® Business Gold Card $375 annual fee (see rates and fees).

To learn more, check out our full review of the Amex Business Gold.

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Apply here: American Express Business Gold Card

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Delta cobranded cards

Related: How to maximize the new statement credits on the Delta Amex cards

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Hilton Honors American Express Aspire Card

• Up to $200 Hilton Resorts credit every six months (up to $400 per calendar year): Use your Hilton Amex Aspire at participating Hilton Resorts to pay for eligible purchases, such as room charges and incidentals. This benefit is divided into two $200 semi-annual credits, one for use from January to June and another for use from July to December.
• Up to $50 in flight credits per quarter (up to $200 per calendar year): Pay for a flight directly with an airline or through AmexTravel.com and receive up to $50 in statement credits each quarter. Datapoints tell us you may be able to use this credit for seat upgrades, award taxes and fees and to reload your United TravelBank balance.

The information for the Hilton Amex Aspire card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Learn more: Hilton Honors American Express Aspire Card

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Hilton Honors American Express Surpass Card

• Up to $50 Hilton credit per quarter (up to $200 per calendar year): Receive up to $50 in statement credits each quarter on purchases charged directly with a property within the Hilton portfolio, including bookings and incidental charges. Datapoints tell us you may be able to use this credit for dining and gift store purchases at a Hilton property and online Hilton gift card purchases, even if you aren’t staying at a property. Terms apply.

To learn more, check out our full review of the Hilton American Express Surpass® Card.

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Apply here: Hilton Honors American Express Surpass Card

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The Hilton Honors American Express Business Card

• Up to $60 Hilton credit per quarter (up to $240 per calendar year): Receive up to $60 in statement credits each quarter on purchases charged directly with a property within the Hilton portfolio, including bookings and incidental charges such as dining and spa services. See our advice for the Surpass credit above. Terms apply.

To learn more, check out our full review of the Hilton Honors American Express Business Card.

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Apply here: The Hilton Honors American Express Business Card

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Marriott Bonvoy Brilliant American Express Card

• Up to $25 in monthly dining statement credits (up to $300 per calendar year): This card offers up to $25 in monthly dining statement credits at restaurants worldwide. You don’t need to enroll for this benefit in advance — swipe your card at an eligible restaurant, and you should receive the statement credit within a few days. Terms apply.

To learn more, check out our full review of the Marriott Bonvoy Brilliant® American Express® Card.

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Apply here: Marriott Bonvoy Brilliant American Express Card

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Chase

Select Chase credit cards offer perks on a monthly basis, so a new month means you have a fresh batch of credits to use.

Chase Sapphire Reserve

• $5 DoorDash credits: When you add your Chase Sapphire Reserve® card (see rates and fees) as a payment method to your DoorDash account, Chase will add up to $5 in credits at the beginning of each month. Note that this credit applies only for $5 off restaurant orders, and that it doesn’t roll over month to month. These credits are in addition to the card’s complimentary DashPass membership (activate by Dec. 31, 2027).
• $20 DoorDash non-restaurant credits: With an activated Sapphire Reserve DashPass membership, cardholders receive two promos of up to $10 off each calendar month at checkout on grocery, convenience or other non-restaurant orders on DoorDash. Only one promo may be used per order.
• $10 in Lyft credits: Cardholders will receive a $10 ride credit every month with their Sapphire Reserve, for a total of $120 in credits each year. These credits do not roll over month to month, so it’s important to use yours before the end of the month. This benefit runs through Sept. 30, 2027.

To learn more, check out our full review of the Sapphire Reserve.

Related: Chase Sapphire Reserve statement credits: What they are and how to use them

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Apply here: Chase Sapphire Reserve

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Chase Sapphire Reserve for Business

• $5 DoorDash credits: When you add your Chase Sapphire Reserve for Business℠ (see rates and fees) as a payment method to your DoorDash account and activate your complimentary DashPass membership by Dec. 31, 2027, Chase will provide up to $5 in credits at the beginning of each month.
• $20 DoorDash non-restaurant credits: With an activated Sapphire Reserve for Business DashPass membership, receive two promos of up to $10 off each calendar month at checkout on grocery, convenience or other non-restaurant orders on DoorDash. Only one promo may be used per order. Valid through Dec. 31, 2027.
• $10 in Lyft credits: Receive a $10 in-app credit every month, for a total of $120 in credits each year. Credits do not roll over month to month. This benefit runs through Sept. 30, 2027.

To learn more, check out our full review of the Sapphire Reserve for Business.

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Apply here: Chase Sapphire Reserve for Business

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Chase Sapphire Preferred Card

• $10 DoorDash non-restaurant credits: Cardholders with an activated Chase Sapphire Preferred® Card (see rates and fees) DashPass membership, receive one promo of up to $10 off each calendar month at checkout on one grocery, convenience or other non-restaurant order on DoorDash. Activate your DashPass membership by Dec. 31, 2027 to use this benefit.

Cardholders can also use a $50 hotel credit each year when booking through Chase Travel℠. If you haven’t used yours yet this year, here’s how to use this benefit.

To learn more, check out our full review of the Sapphire Preferred.

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Apply here: Chase Sapphire Preferred Card

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Chase Freedom (not open to new applicants) and Chase Freedom Flex

• Up to 5% cash back: Current categories include gas and electric vehicle charging, Instacart and select live entertainment. You’ll receive 5% cash back on these categories on up to $1,500 of combined spending each quarter (then 1% back). You must activate your categories to enjoy higher earning rates. The quarter ends on Sept. 30 (and you must activate by Sept. 14), so you have until then to register and maximize these earnings.
• $10 DoorDash non-restaurant credits: Cardholders of any Chase Freedom or Slate family cards receive one promo of up to $10 off each quarter at checkout on one grocery, convenience or other non-restaurant order on DoorDash via a DashPass membership. Your DashPass membership must be activated by Dec. 31, 2027 to receive this benefit.

Remember: Even though the Chase Freedom and Chase Freedom Flex® (see rates and fees) cards are technically cash-back products, you can turn these earnings into fully transferable Ultimate Rewards points if you also have a premium Chase card like the Sapphire Preferred or Sapphire Reserve.

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United cobranded cards

• Ride-hailing credit: Several cobranded United credit cards offer varying levels of ride-hailing statement credit per month. The United℠ Explorer Card (see rates and fees) offers up to $5 in statement credits per month, while the United Quest℠ Card (see rates and fees) and United℠ Business Card (see rates and fees) each offer up to $8 in statement credits per month between January to November and up to $12 in statement credits in December. Meanwhile, the United Club℠ Card (see rates and fees) and United Club℠ Business Card each offer up to $12 credits per month from January to November and up to $18 credits in December. Yearly opt-in is required in order to earn your monthly credit.
• Instacart credit: The United Club Card and United Club Business both offer two $10 monthly credits, whereas the United Quest provides one $10 and one $5 monthly credit. Meanwhile, the United Explorer and United Business each provide a $10 monthly credit. Instacart benefits end Dec. 31, 2027.

The information for the United Club Business has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related: Current United card welcome bonuses

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Citi

Check out these must-use benefits for certain Citi cards.

Citi / AAdvantage Executive World Elite Mastercard

The Citi® / AAdvantage® Executive World Elite Mastercard® (see rates and fees) card has several benefits, including the following monthly credits:

• $10 in monthly Lyft credit after three rides: Use your card as the payment method in your account and get a $10 Lyft credit after taking three rides in a month.
• Up to $10 back with Grubhub: When you use your card for Grubhub purchases, you’ll receive up to $10 in monthly statement credits.

To learn more, check out our full review of the AAdvantage Executive World Elite Mastercard.

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Apply here: Citi / AAdvantage Executive World Elite Mastercard

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Citi Dividend Card (not open to new applicants)

• 5% cash back: You can earn 5% cash back each quarter on rotating categories. Unlike other cards that limit your bonus earnings within the quarter, Citi® Dividend cardholders can earn 5% bonus cash back on up to $6,000 of spending across the year (then 1% back thereafter), meaning you could maximize your 5% earnings for the whole year during a quarter where the bonus categories are more advantageous for you. Remember to activate your current categories, which include gas stations and home improvement stores. These categories are active through Sept. 30.

The information for the Citi Dividend card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Discover

Discover it Cash Back

• 5% cash back: Each quarter, you can earn 5% cash back on up to $1,500 in combined spending on rotating categories, then unlimited 1% cash back. Remember to activate your current categories, which include gas stations, EV charging, public transit and utilities.

The information for the Discover it® Cash Back has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Learn more: Discover it Cash Back

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U.S. Bank

Have a U.S. Bank credit card? Pay close attention to this section so you don’t miss out on important benefits.

U.S. Bank Cash+ Visa Signature Card

• 5% cash back: Each quarter, you can earn 5% cash back on up to $2,000 in combined spending on rotating categories (then 1% back) with your U.S. Bank Cash+® Visa Signature® Card. You must choose your categories each quarter and activate them for the bonus to apply. The current quarter runs through Sept. 30, and categories include: cellphone providers, department stores, electronics stores, fast food, furniture stores, ground transportation, gyms/fitness centers, home utilities, movie theaters, select clothing stores, sporting goods stores and TV, internet and streaming services.

The information for the U.S. Bank Cash+ has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Learn more: U.S. Bank Cash+ Visa Signature Card

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World Elite Mastercards

World Elite Mastercards have benefits that may be separate from what your card’s issuer offers.

World Elite Mastercards

Numerous banks issue a World Elite Mastercard. Common products under this umbrella include the Citi Strata Premier® Card (see rates and fees), the IHG One Rewards Premier Credit Card (see rates and fees) and the Chase Freedom Flex.

Here’s what cardholders can use each month on these cards:

• $5 in monthly Lyft credit after three rides: Use your card as the payment method in your account and get a $5 Lyft credit after taking three rides in a month. This benefit runs through Jan. 1, 2026.
• Up to $5 off monthly Peacock subscriptions: Use your eligible card to pay for a monthly Peacock streaming subscription and enjoy a $3 statement credit every month for Peacock Premium or a $5 statement credit every month for Peacock Premium Plus (the ad-free version). This benefit runs through Dec. 31.
• $10 off your second Instacart order: Join with your eligible card to enjoy two free months of Instacart+, plus $10 off your second order placed each month. This benefit runs through Aug. 31.

Related: The 9 most valuable World Elite Mastercard benefits

Bottom line

Using the perks and benefits on your credit cards is critical for maximizing their value and justifying the cards’ annual fees. Some credit cards make this easy, offering you benefits as a one-time perk to use each year. Other benefits must be used in monthly increments, and it can be easy to forget about them.

This monthly checklist of credit card perks will help you remember to use them now that it’s the start of a new month.

Related: Don’t miss out: Get perks just for signing up with these loyalty programs

For rates and fees of the Amex Gold, click here.
For rates and fees of the Amex Business Gold, click here.
For rates and fees of the Amex Platinum, click here
For rates and fees of the Amex Business Platinum, click here.

Delta Air Lines is expanding its partnership with Uber, and with that comes good news for Delta Amex cardmembers. Cardmembers of select Delta cards will receive a new monthly membership credit that covers the cost of an Uber One membership for six or 12 months. Enrollment is required.

Additionally, if you hold the Apple Card, you can join in on the Uber One action with a free six-month trial.

Let’s dive into the details of this exciting new membership credit and free trial.

The information for the Apple Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

How to get a complimentary Uber One membership with a Delta Amex card

If you’re a cardmember of the following:

You’ll receive six months of Uber One membership credits.

And if you’re a cardmember of the following:

You’ll receive 12 months of Uber One membership credits.

How to enroll

1. Go to the Delta and Uber landing page.
2. Select “Sign up for Uber One.”
3. Register and use with your eligible Delta Amex as the payment method.

You must sign up for an auto-renewing monthly membership, and you will receive a statement credit for up to $9.99 plus taxes per month. Once the six- or twelve-month time period is over, you will not receive any more statement credits, and the Uber One membership will auto-renew at $9.99 plus taxes per month unless canceled.

Register here before June 25, 2026. (Enrollment is required, and terms apply.)

If you don’t currently have a Delta Amex card and want this benefit, you could consider applying for one, as they currently have some great welcome offers.

Related: Delta SkyMiles: Your complete guide to earning, redeeming and elite status

How to get a complimentary Uber One membership on the Apple Card

If you hold the no-annual-fee Apple Card, you can register for a free six-month trial of Uber One. To sign up, simply:

1. Go to the Apple Card and Uber landing page.
2. Select “Sign up.”
3. Register for the free trial with your Apple Card and use Apple Pay.

After the free trial is over, the Uber One membership will auto-renew at $9.99 per month. If you want to cancel, be sure to set a calendar reminder a few days before the six-month trial ends. Currently, there is no set date for when this free trial offer will end.

Additionally, the terms state: “Offer valid for new or returning Uber One subscribers in the U.S. and Puerto Rico, but not for existing Uber One subscribers. Only one offer is valid per Uber account.”

If you currently have an Uber One membership, it’s best to cancel it and then sign up for this trial.

Related: 4 reasons to get the Apple Card

What is Uber One?

Uber One is a monthly subscription service that offers members benefits when ordering rides with Uber or delivering with Uber Eats. It costs $9.99 plus taxes monthly or $99.99 plus taxes annually. Uber claims that members save an average of $25 per month.

Benefits include:

• $0 delivery fee on eligible food, groceries and more
• 6% back on rides in the form of Uber One credits
• Up to 10% off eligible food deliveries and pickup orders
• Earn 10% Uber One credits on car rentals
• Exclusive members-only offers
• No cancellation fees on rides

As a current long-standing Uber One member, I find the program offers a lot of value. I take a lot of Uber rides per month, and the 6% back is very beneficial to me, as it credits your account right after each ride, and I can use those credits right away on my next ride or delivery order. It’s effectively a 6% discount on every eligible ride.

Plus, the no-cancellation-fee perk for rides is great, as I often order an Uber, but if a better price pops up on another ride-hailing app, I cancel free of charge and take the better-priced option.

Even better, you can stack the benefits of Uber One with the up to $10 monthly ride-hailing credit (for services in the U.S.; up to $120 annually; enrollment is required, and terms apply) on the Delta Platinum and Reserve families of cards. You can use the monthly ride-hailing credit on an Uber ride and receive 6% back in Uber One credits.

Meanwhile, with the Apple Card, you’ll be able to receive 3% cash back when you pay for your Uber or Uber Eats with your Apple Card via Apple Pay. Also, you’re able to stack the 3% cash back from the Apple Card with the 6% back from Uber One on eligible rides.

Pro tip: I have both the Apple Card and an eligible Delta card. Sign up for the free trial with the Apple Card first, since this free trial could be removed since there is no end date. Then, sign up for the Uber One membership credits through your eligible Delta card.

Bottom line

The addition of complimentary Uber One memberships to these cards is a welcome addition. If you use Uber or Uber Eats frequently, this will save you some money every time.

However, if you’re not a frequent user, you can try Uber One for free and see if it provides you value. Just remember to set a reminder to cancel the membership if you don’t plan on keeping it.

To learn more, see the best Delta SkyMiles credit cards and our review of the Apple Card.

Related: Frequent Uber or Lyft user? These are the best credit cards for you

Credit card perks can feel like free money. Things like insurance for your cellphone and early access to tickets sound great when you’re skimming the highlights.

But I’ve spent years digging into the fine print on these offers, and here’s the truth: A lot of these so-called perks are more trouble than they’re worth. They come with hidden rules, tight restrictions, or hoops you need to jump through just to use them.

Before you let these flashy perks sway your choice of credit card, here’s what you should know.

Cellphone protection isn’t always worth it

Some cards promise free cellphone insurance if you pay your monthly bill with them. It sounds like a no-brainer, but most of these perks come with high deductibles (often $50 to $100 per claim) and low coverage caps. They also tend to exclude certain types of damage, like cosmetic cracks without other issues, and filing a claim can be a paperwork headache.

If you’re counting on your card to bail you out if you drop your phone, read the fine print first.

If you’re worried about the fine print, consider a card with a nice sign-up bonus instead. Big sign-up bonuses come with clear spending requirements and provide a ton of first-year value. Our experts have rounded up some of the best bonuses currently available, doing the hard work for you.

Event ticket presales aren’t always “VIP”

It feels exclusive when a card advertises access to concert or sports event presales. The reality is these presales often give you early access to a small pool of tickets that may not be great seats, and you can end up paying higher service fees.

Worse, you might feel pressured to buy tickets you don’t really want just because you got the “special” email.

Dining credits can push you to overspend

Some premium cards advertise dining credits that sound like free money. But many of these credits only apply at select restaurants or require you to book through specific apps, limiting your flexibility. You might even spend more than you planned just to use the credit, eating into any actual savings.

Want a card that actually delivers?

Some cards make you jump through hoops to get your money’s worth. But you can find cards that keep it simple.

The best credit cards on the market offer perks you actually use on your everyday spending. They can be a serious tool in your wallet and help earn things like free vacations and cash back. Visit our best credit cards page now to find the perfect fit for you.

Since I write about points, miles and credit cards, the topic of annual fees often comes up with friends and family.

I’ve been surprised to hear how many people avoid — and, in some cases, completely exclude — cards with annual fees. “I’ve heard many people say, “Why would I pay to have a credit card when there are so many options without annual fees?” and “Paying a credit card annual fee just isn’t worth it.”

Sure, no one likes paying credit card annual fees. However, paying an annual fee can often unlock earnings and benefits that offset the annual fee. So today, I’ll consider various aspects related to credit card annual fees, including when it may be worth paying an annual fee.

What is a credit card annual fee?

A credit card annual fee is a fee charged by the credit card issuer that you’re required to pay each year to remain a cardholder.

The exact amount varies, depending on the level of perks and rewards offered on the specific card. However, these fees typically start around $50 and can climb to nearly $800 for premium-level cards. For example, the Chase Sapphire Reserve® (see rates and fees) recently underwent significant changes, bringing its annual fee to $795.

Related: 11 major mistakes people make with travel rewards credit cards

When do you pay the credit card annual fee?

A credit card’s annual fee typically appears on your first monthly statement. In subsequent years, the issuer will charge your annual fee on or around your account anniversary, which should occur around the same time of year that you originally opened the card.

Note that some cards offer an annual fee waiver for your first year. You’ll see this clearly stated when you apply. For these cards, you’ll be charged the annual fee on each account anniversary — but you’ll enjoy the first year of benefits and rewards without any out-of-pocket cost.

Related: Do credit card annual fees count toward bonus spending requirements?

Can I get the credit card annual fee waived?

As mentioned, some cards waive your annual fee for the first year. Some issuers also offer discounted annual fees or perks to high-value banking or investment customers.

You should expect to pay the full annual fee each year unless you qualify for a waiver or reduction. But if a card has reduced benefits in the last year or you have had specific issues with your account, you can call the number on the back of the card or use your issuer’s secure messaging function when your annual fee posts to express your concerns.

The agent may be able to grant you a retention offer (usually in the form of a reduced annual fee, bonus rewards or a spending challenge) that can make it more appealing to pay the annual fee and keep the card.

What cards usually have annual fees?

Two types of credit cards typically charge annual fees: starter cards designed for consumers with limited or poor credit and travel rewards cards that offer various perks and benefits.

If you have limited or poor credit, you may need to pay an annual fee in exchange for having a secured card and building your credit. Alternatively, rewards cards often charge an annual fee but offer benefits, statement credits and other perks that can be worth more than the annual fee to some cardholders.

Related: The best credit cards with annual fees under $100

When is it worth paying a credit card annual fee?

To earn valuable points

Generally speaking, cards without an annual fee won’t provide the valuable earning potential of cards with an annual fee. There are three main aspects to this:

Welcome bonus: Most cards with no annual fee have less valuable welcome bonuses than those with annual fees. For example, the no-annual-fee Ink Business Cash® Credit Card (see rates and fees) offers up to $750 cash back: $350 bonus cash back after spending $3,000 on purchases in the first three months and an additional $400 after spending $6,000 on purchases in the first six months from account opening. Meanwhile, the $95-annual-fee Ink Business Preferred® Credit Card (see rates and fees) offers 90,000 bonus points after spending $8,000 on purchases in the first three months from account opening, a more valuable offer.

Earning rates: Many cards without an annual fee don’t award points at the same rate as cards with an annual fee. For example, the no-annual-fee Capital One VentureOne Rewards Credit Card earns 1.25 miles per dollar spent, while the $95-annual-fee Capital One Venture Rewards Credit Card earns 2 miles per dollar spent.

Type of points: In some cases, issuers will restrict you from earning the most valuable currencies on cards with no annual fee. For example, the no-annual-fee Chase Freedom Flex® (see rates and fees) and Chase Freedom Unlimited® (see rates and fees) only earn cash-back rewards — unless you also have a card that earns Chase Ultimate Rewards points, such as the Chase Sapphire Reserve, Chase Sapphire Preferred® Card (see rates and fees) or Ink Business Preferred (all of which charge annual fees).

The information for the Chase Freedom Flex has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related: How (and why) you should earn transferable points

To receive annual credits, bonuses or free nights

These perks may cover most (if not all) of the card’s annual fee. Here are a few examples:

The information for the Hilton Aspire and Southwest Rapid Rewards Premier has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

To access benefits

Many top credit cards with an annual fee give you numerous benefits that can be incredibly valuable over a year. For example, some airline credit cards offer a free checked bag, and some cards offer shopping protections that can provide peace of mind (such as the extended warranty protection provided by the Chase Sapphire Preferred).

Several travel rewards cards, including The Platinum Card® from American Express, Capital One Venture X Rewards Credit Card and Chase Sapphire Reserve, shine with premium perks such as lounge access and travel protections. Depending on your situation, carrying one of these cards can easily justify the card’s annual fee.

What are some of the best cards with no annual fee?

Everyone should get (and keep) at least one no-annual-fee credit card. This advice holds even if you already have several cards that charge annual fees. There are many credit cards with no annual fees, but here are some of our favorites:

Since you don’t have to pay anything to keep these cards, you can keep them open for the long term — and by doing so, you can boost your credit history length, which should help your credit score.

Related: No-annual-fee credit cards that earn transferable points

Should I get the no-annual-fee version of a card?

Some travel rewards credit cards come in multiple versions, and one option typically offers no annual fee. To decide whether it’s worth getting a version with an annual fee, consider the following factors:

You may find that the additional perks and higher earning rates justify paying an annual fee. The welcome bonus difference may also make your choice easy. After all, the card with an annual fee will often offer a higher welcome bonus that can make it worth picking.

Then, if you can’t justify paying the annual fee after the first year, you can usually downgrade to the no-annual-fee version.

Related: The best welcome offers this month

Bottom line

Don’t dismiss credit cards with annual fees without doing the math. These cards often come with valuable perks, elevated earning rates and welcome bonuses that can far outweigh the cost. If you travel frequently or want to maximize rewards, paying an annual fee could be a smart investment that unlocks long-term value.

Related: Are premium credit cards worth the annual fee?

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.