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Answers (2)
Luxury Cards
Luxury Cards
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Anonymous GuestWhat is your opinion on the Luxury Card? I see it advertised in Condé NastTraveler magazines . I haven’t seen it in your list of best credit cards?
I look forward to your input.
Thank you -
David W Community Ambassador
They’re all basically cash back cards and the points arent transferable. They say its double points when redeemed for airfare by comparing to Amex but what they dont say is that while 50k points on Amex gets $500 towards travel, you can also transfer the points to airlines to redeem for flights where you can get much more than $500 in value.
The annual fees are astronomically high for the few perks they offer. The most valuable perks of the cards can easily be replicated with other cards that either have a lower annual fee, better rewards and/or transferable points. The unique perks dont look like they are that valuable.
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