Are Premium Credit Cards Still Worth It?
In this episode, Dr. Preston Cherry breaks down the truth behind those flashy, high-fee credit cards like the Amex Platinum and Chase Sapphire Reserve. Are the perks really that valuable—or are you just paying for status? From overcrowded lounges to scattered benefits, Dr. Cherry reveals what you really need to know before swiping that premium card.
He urges listeners to take a closer look at how they’re using their cards, whether the rewards actually match their lifestyle, and how to avoid the trap of chasing points instead of building a smart spending plan.
Takeaways:
• Perks often overhyped
• Lounges = crowded chaos
• Spending must be intentional
• Points ≠ a good plan
• Audit your usage
00:00 Intro
00:53 Understanding Premium Card Perks
02:41 The Reality of Lounge Access
03:59 Intentional Spending Strategies
06:43 Personal Audit for Credit Card Use
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Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/
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