Benefits of Opening a Premium Credit Card
Opening a premium credit card can do more than help you earn points faster.
The U.S. is swiftly but surely becoming a cashless society since the adoption of credit cards. Creditcard.com estimates that seven in 10 Americans have at least one credit card, though the most recent data from Value Penguins reported that the average American owns 2.35 credit cards to meet their purchasing needs.
Today, many consumers are looking for more from their bank or credit card company when it comes to swiping their card. Rewards for spending and other interest-specific perks have started to become the norm in the credit card industry.
One of the most appealing options that consumers may be on the fence about is a premium credit card. Though it may come with a larger annual fee, there are some major benefits that you can receive with each purchase.
The biggest draw to opening a premium credit card are the massive rewards , reported U.S. News & World Report. Travel rewards are usually the first thing people think of and can include anything from earning free flights and checked bags to covering your transportation charges.
This is ideal for anyone who travels often and uses their card, as sometimes the annual fee will actually be nominal compared to the extra rewards you earn.
Receive cash back
Vectra Bank's premium credit card gives users the option to earn cash back on purchases or use their accumulated points to pay off purchases made in the last 90 days. Keep in mind that using a premium card for every day purchases can also make it easier to earn points faster so you can use these perks sooner.
For consumers who want more perks from their spending, opening a premium credit card is the best choice.
Imagine receiving a discounted or totally free upgrade during your travels or at an event. If you make purchases on a premium credit card, you just may get automatic status upgrades on airlines and hotels explained U.S. News & World Report. These perks are sure to enhance your travel or entertainment experience. For example, you can access the Visa Signature Luxury Hotel Collections, which offers Best Rate Guarantee, automatic upgrades and VIP Guest Status at more than 900 luxury hotels around the world.
Opening a premium credit card with Vectra Bank
Vectra Bank makes opening a premium credit card easy and offers three distinct options to fit your spending needs:
- Premier Visa Card - Low annual fee and up to 2.5% cash or 2.5x points on travel purchases, and 1.5x points on everything else.
- Elite Visa Card - Earn 3% cash back or 3x points on travel and dining purchases and 1.5% on everything else. Perfect for earning rewards faster and elevating the way you travel.
- Reserve Visa Card - Receive a $500 bonus offer with $250 annual travel credits, complimentary lounge access. Still earn 3% cash back or 3x points on travel and dining purchases.
When opening and using a premium credit card with Vectra Bank, you can receive reimbursement for trip cancelations and delays as well as insurance for any travel accidents or lost baggage. With automatic upgrades at more than 900 luxury hotels around the world, you'll be sure to travel in comfort and style.
If you ever have a problem, the complimentary 24-hour U.S.-based customer service is available. You also have access to Visa Signature Concierge, a service that allows you to acquire tickets and access for experiences. Discover the perfect hotel, book tickets to a must-see event, reserve a table at the hottest restaurant, or find inspiration for the perfect gift. Don't miss out on these travel perks and access to once-in-a-lifetime experiences. For more information on how to open a premium credit card, contact your local Vectra Bank representative today.
*Credit cards subject to credit approval. Term, conditions and restrictions apply.