Contributed article in our financial series. Enjoy! – Kimberly
A premium credit card is one that offers various prestigious benefits and services to its members. These cards are usually required to be invited by the provider of the card. The membership fee is usually high and it is necessary to meet the eligibility criteria before you can apply for it. A premium credit card also offers perks such as baggage delay insurance and airline lounge access. However, the benefits of BoA premium rewards can be very limited, and its membership requirements are stringent.
These premium credit cards come with annual fees and hefty interest rates, which should not be used by those who do not have the means to pay off the monthly fees. However, the services are very valuable. The annual fee of these credit cards is usually low, but they may not come with an introductory period. If you are serious about applying for such a card, then check your credit score online. In order to be eligible, you should have a high salary and a good credit score.Continue reading