November 3, 2024

Top 10 Premium Credit Cards in the UK

Premium Credit Cards in the UK

Premium Credit Cards in the UK

Credits cards are great financial instruments you can leverage to cater to your basic and moderate expenses such as shopping, urgent purchases, et cetera. As the Christmas season is fast approaching there might be a need that you opt for a credit card plan so as to best prepare you for the seasonal expenses and not to be caught unaware when such a moment beckons. As there are numerous companies out there offering credit card services ad products so are there tons of credit cards out there for interested customers to opt for. Hence, as a result of the credit card service market saturation, prospective customers like you may be choked up on the brink of confusion as to what credit card performs the best and most recommended. However, in a bit to relieve you of the burden, specifically for residents of the United Kingdom, we have compiled a list of the top 10 premium credit cards in the UK to act as a guide in making your financial decision. The list would briefly address each card with the relevant key features, and pricing, as well as links to each respective card. It s our belief that a careful review of this list would help you find an appropriate card that best fits your situation. However, it is imperative to note that since the target audience of this piece is residents of the United Kingdom, thus, all relevant prices in this piece would be quoted in the country’s currency – ₤(pounds).  

What are Premium Credit Cards 

Premium credit cards are financial products that are issued in the form of portable cards like debit cards to interested customers. These premium cards are recognized as a symbol of status as they are often issued to high-class status and high-income earners who spend often. Somewhat different from standard credit cards, premium credit cards threshold (limit) are often set high compared to standard credit cards, which gives cardholders ample chance to purchase luxury. The cards let you borrow a certain amount of money from its service provider and charge an annual fee or pay in installments but in return grant cardholders the privilege to make purchases as well as availing them of a broad spectrum of perks and exclusive benefits. However, to qualify for a premium credit card(s), there are certain strict criteria you must meet such as excellent credit rating and as well as an annual income over ₤50,000 so as to withstand its annual charges and prevent default.     

Why You Need Credit Cards 

While there is an array of exclusive perks you can enjoy from premium cards, however, for the sake of brevity, this section would outline the basic perks in the succeeding lines. 

Benefits attached to premium credits cards include but are not limited to: 

Global family travel insurance 

Exclusive rewards points such as air miles 

Covers the cost of vehicle breakdown 

Offers VIP tickets for events 

Offers you a higher credit limit compared to standard credit cards

Top 10 Premium Credit Cards in the UK 

Following the core part of this piece, this section will enumerate the list of the top 10 premium credit cards we have compiled for you. This list will also include key features we consider most valuable for each product ranked, as well as their respective links. However, as aforementioned in the introductory section of this piece, since the target audience of this piece is residents of the United Kingdom, as such, all related prices would be quoted in the country’s currency (pounds).   

Ranking from least to best, our top 10 list of premium credit cards includes: 

#10. MNBA Long Credit Card 

MNBA Long Credit Card is one of the premium credit cards that offers you an array of exclusive perks and benefits such as fund moving several accounts without interest charges. 

Key Features: 

Offers zero interest on fund transfers 

Offers zero account fee 

Avail you flexibility 

Has a rating of 4.5 star 

Credit Card Issuer: Llyods Bank Plc

Account Fee: ₤0

Credit Card link

#9. Capital One Classic Card 

If you are someone with a relatively less credit history, Capital One is one of the best options for you. This card lets you build your credit despite your imperfect account. Additionally, it adds two additional credit limits which are optional on the off chance that you have a good tracking record in your monthly charges repayments.  

Key Features: 

Offers additional credit limit 

Relatively high-interest rate 

Allows less perfect credit history 

Zero account fee 

Credit Card Issuer: Capital One Financial Corporation

Account Fee: ₤ 0

Credit Card link

#8. American Express Platinum Cashback Everyday Credit Card 

Just like its name, this card offers you an array of rewards for your daily spending. You can have access to cashback, low-cost monthly charges as well as zero annual fees. However, on the off chance that you did not pay off your monthly balance in full, you are most likely to pay more interest compared to the cashback you’d earn.  

Key Features: 

Offers zero account fee 

Offers 5% cashback on daily spending 

Easy to use

Credit Card Issuer: American Express

Account Fee: ₤0

Credit Card link

#7. British Airways American Express Credit Card 

If you are a frequent air traveler and wants to earn air miles benefits, this premium card might be best for you. The card offers you 1 Avios (a reward currency) for every ₤1 you spend. What’s more, it offers a zero account fee.  

Key Features: 

Offers you 1 Avios (a reward currency) for every ₤1 spent. 

Avails you a zero account fee 

Easy to access 

Credit Card Issuer: American Express 

Account Fee: ₤0

Credit Card link

#6. Halifax Clarity Credit Card 

Halifax Clarity Credit Card by Halifax, a division of Bank of Scotland is also one of the premium credit cards you can opt for if you are looking for a premium credit card that offers zero cost on transfers, as well as zero cost on foreign transactions including purchases and cash withdrawals.

Key Features: 

Offers zero cost on fund transfers 

Zero cost on foreign transactions 

Easy to use 

Credit Card Issuer: Halifax

Account Fee: Contact product support 

Credit Card link

#5. M&S Bank Shopping Plus 

This premium card offers you a broad range of exclusive perks limited to premium card users. With the M&S Bank Shopping Plus credit card, you can rest assured of a relatively long break from interest payment both on balance transfers and purchases up to 24 months. Additionally, it would also help you cut down purchases cost with zero annual fees. 

Key Features: 

Offers 0% on balance transfers and purchases for up to 24 months 

Offers zero account fee 

Helps you cut down purchases cost with zero annual fee

Credit Card Issuer: M&S BANK 

Account Fee: ₤0 

Credit Card link

#4. Barclaycard Rewards Visa Credit Card 

Barclaycard Rewards Visa Credit Card is one of the recognized credit cards for travelers in that it offers a great deal of traveling benefits such as cashback, commission-free on withdrawals, as well as no account fee charges.

Key Features: 

Offers zero account fee  

Commission-free on cash withdrawals 

Easy to use 

Offers cashback

Credit Card Issuer: Barclays Plc. 

Account Fee: ₤0

Credit Card link

#3. Lloyds Bank Cashback Credit Card 

This premium credit card offers you benefits like cashback on your everyday spending. Specifically, it gives you up to ₤20 on the off chance that you make ₤1000 purchases within 3 months of opening. Additionally, it only attracts a purchase rate of 19.94% on every ₤1, 200 purchases you make. 

Key Features: 

Offers up to ₤20 on every ₤1000 purchase 

Offers zero balance transfer fee 

Easy to access and use

Credit Card Issuer: Lloyds Bank

Account Fee: contact support

Credit Card link

#2. Santander Everyday No Balance Transfer Free Credit Card 

With Santander Everyday No Balance Transfer Free Credit Card you can be assured of benefits like zero percent interest for as long as 21 months on a balance transfer, zero percent interest on every purchase you make for as long as 3 months, as well as zero account fee. 

Key Features: 

Zero fees when you transfer the balance (21 months) 

Zero fees when you make purchases (3 months) 

Offers free accountat no charge

Credit Card Issuer: Santander Bank 

Account Fee: ₤0

Credit Card link

#1. American Express Preferred Rewards Gold Credit Card 

Ranking as our #1 top premium credit card American Express Preferred Rewards Gold Credit Card simply called the Amex credit card is a super-amazing premium credit card that offers you a whole lot of mouth-watery benefits such as a two-complimentary airport lounge visit each year and a 20, 000-membership reward point. Additionally, if you are able to send up to₤3000 within your first 3 months, you would be eligible to receive an ongoing earning (as at the period of writing this piece) of 1 point per every₤1 you spend. 

Key Features: 

Offers 20, 000 membership reward points 

Offers two complimentary airport lounge visit 

Offers 1 point for every  ₤1 spent ((as at the period of writing this piece)  

Easy to use, easy to access 

Credit Card Issuer: American Express 

Account Fee: First year -₤0, Second year onwards -₤140 yearly 

Credit Card link

Conclusion 

Finally, in a nutshell, deciding on what type of premium card to use could be relatively confusing, however, after going through our top ten list above which unveils everything there is to know in detail, including each premium credit card’s respective key features and links to help cushion your experience. It is our belief that a critical study of this piece will let you choose the premium credit card most suited for you. 

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