The 5 Best Credit Cards of 2022: Best Cards Compared

Map Highlights

Introductory bonusEarn 100,000 Membership Rewards® points after spending $6,000 on purchases with your new card in your first 6 months of card membership.

APRSee Pay Over Time APR

Recommended creditExcellent/Good

Reward rate

  • Earn 5X the Membership Rewards® points for flights booked directly with the airlines or with American Express Travel up to $500,000 on such purchases per calendar year.
  • Earn 5x Membership Rewards® points on prepaid hotels booked with American Express Travel.

Annual fees$695

Intro Purchase APRN / A

Details of rewards and redemptions

It’s hard not to think of the Platinum Card from American Express when considering the best travel cards. Few credit cards can match its almost unmatched benefit package. However, it should only be considered by the avid traveler, as it has an annual fee of $695.

That said, it also comes equipped with an impressive number of annual credits which effectively reduce the annual fee to a much more manageable number. This is another reason why it should not be considered by the average traveler; you will only get the true value of the card if you are able to take advantage of all it has to offer.

Although the card has good travel rewards, the real appeal is in its benefits. In addition to a wide range of travel protections, including travel accident insurance, rental car insurance, baggage insurance and trip delay insurance, the platinum card has several annual credits, including including $200 Resort Credit, $200 Airline Incidentals Credit, $189 CLEAR Credit, $240 Digital Entertainment Credit, $155 Walmart+ Credit and a Global Entry/TSA PreCheck application fee credit, to name a few.

If you can use these credits every year, it will more than cover the annual fee. There’s also the free Elite statuses it offers with Hilton and Marriott Bonvoy, as well as access to the largest collection of airport lounges through Global Lounge Collection membership. Suffice it to say, there’s plenty of value to be had here for the frequent traveler.

Conditions apply to American Express benefits and offers. Registration may be required for certain American Express benefits and offers. Visit americanexpress.com to learn more.

Advantages

  • Many annual credits
  • Strong travel protections
  • Good rewards

The inconvenients

  • High annual fees ($695)
  • Only for frequent travelers
Conditions apply to American Express benefits and offers. Registration may be required for certain American Express benefits and offers. Visit americanexpress.com to learn more.

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