When is a $500 Credit Card Annual Fee Actually Worth It?

Premium travel cards often have eye-watering fees, but the credits they provide can more than offset the cost.

Travel Statement Credits

Many cards offer $200-$300 in credits for travel purchases, effectively reducing a $500 fee to $200 instantly.

Airport Lounge Access

If you travel frequently, the cost of lounge memberships can be hundreds of dollars; many premium cards include this for free.

The Math Test

If the value of the credits and perks you actually use is greater than the annual fee, the card is 'profitable' for you.