Dr. Jack Samuels Discusses the Benefits of High-End Credit Cards

In a recent Wallet Hub article, Dr. Jack Samuels, professor in the Department of Hospitality and Tourism at the Feliciano School of Business, said consumers should consider a credit card with a triple-digit annual fee only if its benefits outweigh the cost, particularly through rewards and perks that are widely useful. While he believes some premium cards are overly focused on travel, he notes that partnerships with brands like Morgan Stanley can enhance a card's appeal and marketing value. Samuels says The Platinum Card® from American Express is best suited for frequent travelers who can maximize its travel-related benefits, adding that most people choose the card for its practical value rather than its prestige. He also views the card's Uber benefit as a win for all parties involved, providing meaningful value to cardholders while benefiting both American Express and Uber through a mutually advantageous partnership.