Elite credit cardholders have a higher level of income, enjoy a higher credit rating, and a higher spending. This is the reason why only a small percentage of people carry elite credit cards. Most of the times, the credit card company acquires such customers through rewards cards, which indicates the high-spending behavior of the card holder. Based on the spending patterns, the credit card company may offer the customer a premium card. With such as a card, elite credit card holders can have a lot of benefits. Here are some of the perks and privileges enjoyed by elite credit card holders.
Airport and hotel rewards
Many elite cardholders can have access to airport lounges all over the world. Others feature access to certain carrier lounges in addition to priority boarding and the waiver of certain airline fees. More perks are offered with hotel reservations and stays. Some cardholders get room upgrades, special amenities, and complimentary food and beverages at various participating hotels and resorts worldwide.
Personal assistance and other unique services
Elite credit card holders can have personal assistance or a concierge service 24*7 to help them with travel-related activities such booking a table at a restaurant or organizing one-of-a-kind travel experience. Other unique customer services include weather forecast, emergency translation services, referrals for specialty services, and information about ATM locations.
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Frequent flier travel rewards
Top credit cards make it easier for card holders to earn rewards. Elite cardholders are eligible for bonus rewards like a frequent flier status. Different card issuers offer different rewards to the cardholders. For instance, American Express offers exclusive ’by invitation only’ events for its members. With frequent flier rewards, cardholders get access to premier lounges and enjoy excellent services onboard.
Rent a private jet and get premier gifts
Certain credit card holders get access to private jet rentals and receive gift rewards from the best brands in the world.
The rewards might sound tempting but it is not easy to be a part of the elite credit card holders group. Your minimum spending limit should be quite high each month to achieve the status of an elite credit cardholder. Many card companies only offer cards to members they have invited on board. There is no other way of applying for a membership except waiting for an invitation from the company. Several awards can make flying easier and allow you to be a part of the premium and luxury travel experience. Once you receive the card, your activities will be tracked. Based on this, you will be offered rewards and bonuses. The common factors among elite cardholders are a higher level of income, higher spending patterns, and a higher credit rating. There are perks that accompany an elite credit card, but it also requires a higher spending behavior in order to remain a part of the elite club.
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