Holly Thomas wrote an interesting article in the June 20th, 2007 edition of the Daily Express. In it she writes how high income earners can take advantage of credit cards loaded with tailored services, such as organizing dinner reservations, holidays and special events. But the annual fee for these cards are hefty, going as high as 300 pounds.
But because interest rates tend to be high and there can often be no balance left at the end of the month, these cards should not really be used for borrowing.
If one of these cards is of interest to you, it important to read the details of the features and the costs before you sign up to make sure you are getting value for your money. Many of these cards come with a travel insurance fee billed as the main benefit. So ensure that this offers everything you will need such as if it will include your family for any travelling. It’s also important to see if the card requires you to pay for the trip with the card to activate coverage.
The benefits of some of these cards include coverage for such things as denied boarding, and travel accident insurance.
Different companies offer different perks so it is important to read the fine print to be able to tell if these cards will be of full benefit to you for the high interest rates and annual fees you will be paying.