Most Prestigious Credit Cards?!

XxRaVeNxX1 · ‎04-07-2016

Is there a list of prestigious cards? Are there any cards that stand out to you?

Like, if your scores were near perfect/Prime what card what you attempt to get?

I see some people gravitate to Chase Freedom, Chase Sapphire Preferred, and Discover IT. I see some even venture out to a few of Capital One’s cards, which is surprisingly since they seem to deal with sub-par credit.

I’ve been gardening since 2012, and just looking to continue to garden with a company, that maybe not have given me the time of day back in 2012, so that I can look back five years later and say – ‘I’m glad I applied with that company;’ the way that I do with Navy Federal.

Anonymous · ‎04-07-2016

I would guess the most prestigious cards would be business cards. I mean they don't really let ordinary consumers carry prestigious cards.

Most credit cards are just like any other card.

I mean what's the real difference when you really think about it?

Anonymous · ‎04-07-2016

Most people gravitate to those cards for the benefits.

I think the cards that would make me stop for a second is the AMEX Black and Chase Palladium. Both are pretty cool looking, have ridiculous annual fees and have some type of requirement like the Palladium requires a minimum of $250,000 invested or deposited with Chase.

Anonymous · ‎04-07-2016

Most cards that will impress people require a lot of income, wealth, and/or spending. For instance, the American Express Centurion (black) card is for those who spend close to half a million a year and the J.P. Morgan Chase Palladium card is for those who have at least a quarter million in Chase Private Client.

As to higher-tier cards from each lender, there's always going to be some debate on that. From what I've seen around here and on other sites, I'd say the Chase Sapphire Preferred, Citi Prestige, American Express Platinum, Ritz-Carlton Rewards, etc. give a lot of perks and bonuses, accompanied by a high annual fee. If you use the perks and rewards offered, they're great cards. But if you don't, then I'd look at cards with no annual fee.

The most important thing is your own utility. From what I've read, if you have credit scores in the mid-700s or better and no or few recent inquiries or new accounts, you can get accepted to pretty much anything. So look around and figure out what you want. For example, I just recently got 2 cards after not applying for anything for 7 or 8 years. I chose the Capital One Quicksilver for its easy rewards structure and sign-up bonus and the Barclay Ring for its low interest rate and community aspect. After further research, I think in a couple years when my credit with these companies is established, I'll also possibly apply for another couple cards from different companies that will provide slightly better rewards and, when combined with my existing cards, will allow me to see all 3 FICO scores for free.

So that's how the cards I chose fit my goals. Once you figure out what you want from your credit, look around and apply for what gives it to you (or comes closest).

Anonymous · ‎04-07-2016

Credit One.

No, I don't have this card, but one can always hope.

Anonymous · ‎04-07-2016

@Anonymous wrote:
Most people gravitate to those cards for the benefits.

I think the cards that would make me stop for a second is the AMEX Black and Chase Palladium. Both are pretty cool looking, have ridiculous annual fees and have some type of requirement like the Palladium requires a minimum of $250,000 invested or deposited with Chase.

Amex Platinum benefits are now very close to Centurion ones. And if you have $250k invested, move it to Schwab and Amex will reduce the AF!

(On the Schwab cobrand Platinum, that is).

Anonymous · ‎04-07-2016

Oh how shallow can we go

Anonymous · ‎04-07-2016

@Anonymous wrote:
I would guess the most prestigious cards would be business cards. I mean they don't really let ordinary consumers carry prestigious cards.

Most credit cards are just like any other card.

I mean what's the real difference when you really think about it?

Business cards aren't hard to get these days. Even if you sell stuff on eBay, that's considered a business.

Anonymous · ‎04-07-2016

I think that if someone needs a special credit card to feel important or prestigious, there are bigger issues going on than what type of credit card they have. Seriously.

galahad15 · ‎04-07-2016

@XxRaVeNxX1 wrote:
Is there a list of prestigious cards? Are there any cards that stand out to you?

Like, if your scores were near perfect/Prime what card what you attempt to get?

I see some people gravitate to Chase Freedom, Chase Sapphire Preferred, and Discover IT. I see some even venture out to a few of Capital One’s cards, which is surprisingly since they seem to deal with sub-par credit.

I’ve been gardening since 2012, and just looking to continue to garden with a company, that maybe not have given me the time of day back in 2012, so that I can look back five years later and say – ‘I’m glad I applied with that company;’ the way that I do with Navy Federal.

In mho, the most prestigious cards are the ones with no AFs and with the very lowest, rock-bottom go-to/non-promo APRs (also even better if fixed rates).

If my scores were near-perfect or super-prime, I would hypothetically apply for some of the example cards listed below:

(1) Western/Unify FCU Variable-Rate VISA, as low as 5.24% V

(2) Apple FCU VISA Platinum, as low as 5.99% V

(3) Simmons VISA at 7.50% V

(4) (Reapply for) Western/Unify FCU Fixed-Rate VISA, as low as 8.99% F (i.e., to get the lowest-available rate)

ETA: also recommended - Barclay Ring MC, at 8.25% V

ETA: corrections/adds