Why Premium Credit Cards Are NOT For You

📧 Exclusive News & Offers: https://spencerjohnsoncards.com/newsletter-waitlist 🚨 Best Card Offers: http://spencerjohnsoncards.com/bonuses Click ‘show more’ to see ad disclosure – Hey guys, in this video, I'll give you 4 big reasons why premium credit cards may not be for you. In the credit card world, premium travel credit cards like the Amex Platinum, Capital One Venture X, and Chase Sapphire Reserve have become a status symbol of sorts, and everyone seems to aspire to have them. But if there’s one thing I’ve learned from being in this space for a few years and talking to people in my 1-on-1 calls, it’s that they are definitely NOT for everyone. Hopefully, by the end of this one, you'll be able to answer the questions "Are premium credit cards really worth it?" and "Who are premium credit cards for?". — Card Links: 💳 Capital One Venture X: https://spencerjohnsoncards.com/venturex 💳 Amex Platinum: https://spencerjohnsoncards.com/amexplatinum ❗️ Be sure to check for Amex’s elevated offers via CardMatch or an incognito browser first! Chase Card Links: 💳 Chase Sapphire Reserve: https://spencerjohnsoncards.com/sapphirereserve 1-on-1 Calls: ☎️ Build your roadmap with me: https://spencerjohnsoncards.com/consulting Products I Use: 💰 Rakuten Cashback Tool ($30-40 free): https://www.rakuten.com/r/SPENCE11500 💲 MaxRewards Card Manager (1-month discount w/ code SPENCER): https://maxrewards.app.link/spencer 🛍 Kudos Smart Wallet ($20 back after eligible purchase w/ code SPENCER): https://joinkudos.com/spencer 💸 Ekster Wallets (5% off w/ code SPENCERJOHNSON): https://partner.ekster.com/spencer 🔢 Empower Personal Finance Manager ($20 free): https://spencerjohnsoncards.com/empower 🏦 Novo Business Checking ($40 free): https://spencerjohnsoncards.com/novo Connect Deeper: 🤫 Get access to exclusive content: https://spencerjohnsoncards.com/creditclub 👨🏼💻 Join our free Discord: http://spencerjohnsoncards.com/discord Watch Next: 🎥 Citi Strata Premier: Get Approved INSTANTLY: https://youtu.be/_cmqjTOPLic 🎥 The BEST No-Annual-Fee Travel Credit Cards (SURPRISING Value): https://youtu.be/aJTvQqPmRPQ 🎥 How To Make The Amex Platinum Card FREE ($1,000+ Value): https://youtu.be/T4uxd_2tNrs 🎥 The BEST Airline Credit Cards (ULTIMATE Guide): https://youtu.be/wgdoadZvhjA 🎥 Why I’ll (Probably) NEVER Cancel The Chase Sapphire Reserve: https://youtu.be/h3WeR7nIX8I 📚 Chapters: 00:00 The Gameplan 00:20 Forced Lifestyle Inflation 03:02 Bad Rewards Structures 05:47 Credits & Benefits May Not Fit Your Lifestyle 09:24 Lounge Access Is Overrated 13:34 Who Are They Actually For? — Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which Daily Drop/YourBestCreditCards will earn an affiliate commission or referral bonus. Daily Drop/YourBestCreditCards is part of an affiliate sales network and receives compensation for sending traffic to partner sites. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies, or all available credit card offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. #premiumcreditcards #travelcreditcards #creditcards