Comparing The 3 BEST Premium Tier Credit Cards | WHICH IS BEST FOR 2024? | Summary and Q&A

TL;DR

This video compares the benefits, welcome bonuses, credit score requirements, and pros and cons of the AmEx Platinum, Chase Sapphire Reserve, and Capital One Venture X credit cards.

Key Insights

• 💳 The AmEx Platinum card is widely regarded as the best Elite Tier credit card with its extensive benefits and welcome bonus. It is recommended for frequent travelers.
• 😘 The Chase Sapphire Reserve offers a lower annual fee and a solid welcome bonus, making it a popular choice. The Ultimate Rewards portal is a valuable tool for redeeming points.
• 🎴 Capital One Venture X is an underrated card with a lower annual fee and a solid welcome bonus. It may be a good choice for those who take fewer trips per year.
• 😘 Credit scores of 680 and above are recommended for the AmEx Platinum, 700 and above for the Chase Sapphire Reserve, and lower than 700 for the Capital One Venture X.
• 💳 Each card has its own unique benefits and travel credits, and the preferred card may depend on individual spending habits and preferences.
• 🤔 American Express has recently made rule changes to thin out lounge access, while Chase is investing more in top-tier benefits and lounges.
• 💳 The AmEx Platinum card offers better prestige and luxury status, while the Chase Sapphire Reserve is easier to use with its travel credits.
• 😄 The value of points and ease of use differ among the cards, with American Express tending to provide the most value.

Transcript

now the three most premium credit cards out on the market right now is the AmEx Platinum Card the Chase Sapphire reserve and the Capital One Venture X out of the three we're gonna go over which card is best for you and what strategy you should take in order to maximize the value from every single one of these cards now the way I see this video it's... Read More

Questions & Answers

Q: What are the benefits of the AmEx Platinum card?

The AmEx Platinum offers a wide range of benefits, including a hefty 80,000 points welcome bonus, 5x points on flights and prepaid hotels, and access to Fine hotel resorts collection with upgrades and late checkouts.

Q: Which credit score do I need to be approved for the Chase Sapphire Reserve?

It is recommended to have a credit score of at least 700 to increase your chances of getting approved for the Chase Sapphire Reserve.

Q: What makes Capital One Venture X a sleeper card?

Capital One Venture X is considered a sleeper card because it is underrated and often overlooked. It offers a lower annual fee of $395, a solid 75,000 miles welcome bonus, and benefits like 10x miles on hotels and rental cars.

Q: Which card is best for frequent travelers?

The AmEx Platinum card is considered the best for frequent travelers due to its extensive benefits, such as airline incidental fee credits, hotel statuses, and purchase and travel protections.

Summary & Key Takeaways

• The AmEx Platinum is considered the best Elite Tier credit card due to its wide range of benefits, such as 80,000 points welcome bonus and 5x points on flights and prepaid hotels.

• The Chase Sapphire Reserve offers a lower annual fee of $550, a 60,000 points welcome bonus, and benefits like 10x points on prepaid hotels, 5x points on flights, and 3x points on dining and other travel purchases.

• Capital One Venture X is an underrated card with a $395 annual fee, 75,000 miles welcome bonus, and benefits like 10x miles on hotels and rental cars and 5x miles on flights.