17 August 2017 : 

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Premier Credit Cards

Premier credit cards are designed for high earners, frequent travellers or consumers who are high spenders. These cards typically offer generous features and excellent rewards, such as free flights,  exclusive access to airport departure lounges or concierge services. However, in order to access these great perks, there is almost always an annual fee, and consumers tend to need to meet strict acceptance criteria, such as an exceptional credit history and/or a good income. Compare the best UK credit cards here, and find the right card for you.



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Product Name Balance Transfer Intro Purchases
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APR (variable)
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compareandsave.com is a trading name of Freedom Marketing Ltd. Freedom Marketing Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority, firm reference number 493117.

The offers that appear on this site are from companies from which compareandsave.com receives compensation. compareandsave.com does not include the entire universe of available financial or credit offers.

This table comprises a selection of cards requiring excellent credit or high income, ordered by Representative APR. Table position does not imply product strength or superiority. Please ensure you have thoroughly investigated all available options before applying for products.

 
 
 

What are Premier credit cards?

Premier credit cards have many parallels with standard credit card products – they operate using the same payment processing functionality, they are broadly similar in design (incorporating standard security features like signature strip, chip&pin, holograms etc.) and they offer shoppers the same additional consumer protections (like section 75) that other credit card customers have.

Where Premier credit cards differ from standard products is the criteria for acceptance (which tends to be considerably higher – higher income, higher credit score etc), and the rewards they offer (like lounge access at airports, enhanced purchase protection, 24/7 concierge service etc).

The advantages of a Premier credit card

There are a number of Premier cards on the market and each offer different incentives. Some of the most common features include:

  • Breakdown cover, comprehensive travel insurance and entry to VIP airport lounges when you fly.
  • Concierge service which may give you access to a personal assistant who will help with hotel and restaurant bookings and offer a 24/7 assistance.
  • Some cards have a points system which allows you to earn money off various services, such as flights.
  • The cards typically come with a higher credit limit than standard credit cards - offering greater flexibility with your finances

Disadvantages of Premier Credit Cards

Arguably there are also disadvantages to Premier credit cards, albeit many of them simply restrict their availability to a very select group. These include:

  • Often they incur an annual fee
  • Credit score/history requirements are higher than standard products
  • Customers require a high income and sometimes the cards are offered by invitation only

Alternatives of a Premier credit card

There are a number of Premier cards available depending on circumstance and you should choose a card suitable to your needs. For instance, if you are a frequent traveller you may benefit from airmiles rewards, or if you enjoy shopping you may benefit from cashback on purchases.

 
 
 


 Compare Credit Cards by Issuer

American Express Credit Cards American Express
Aqua Credit Cards Aqua Credit Cards
Barclaycard Credit Cards Barclaycard
Bank of Scotland Credit Cards Bank of Scotland
Capital One Credit Cards Capital One
Halifax Credit Cards Halifax
Lloyds Bank Credit Cards Lloyds Bank
MBNA Credit Cards MBNA
Nationwide Credit Cards Nationwide
NatWest Credit Cards Natwest
Royal Bank of Scotland Credit Cards Royal Bank of Scotland
Sainsbury's Bank Credit Cards Sainsbury's Bank
Santander Credit Cards Santander
Tesco Bank Credit Cards Tesco Bank
TSB Credit Cards TSB Credit Cards
Vanquis Credit Cards Vanquis
Virgin Money Credit Cards Virgin Money


 
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.

Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
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©2017 compareandsave.com is a trading name of Freedom Marketing Ltd.
Freedom Marketing Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority, firm reference number 493117. This can be checked at http://www.fca.org.uk/register. Registered in England & Wales under registration number 05349340. The company's registered office is Freedom Marketing Limited, Colchester Centre, Hawkins Road, Colchester, Essex, United Kingdom, CO2 8JX.

The offers that appear on this site are from companies from which compareandsave.com receives compensation.

The Financial Ombudsman Service (FOS) is an agency for arbitrating unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.