The world of luxury credit cards is one filled with opulence, exceptional perks and high annual fees. But getting one of these cards requires an impeccable credit score, a high annual income, and sometimes even a personal invitation to apply.Resource : creditrewardperks.com

These cards are often exclusive and offer a variety of perks, from travel credits to access to airport lounges and concierge services. Some are even invitation-only, such as the American Express Centurion Card, also known as the Black Card. Other cards are reserved for those who have a longstanding relationship with a specific bank, such as the Merrill Lynch Octave Black Card, which is issued to wealthy clients on the brokerage firm’s books.

The Credit Card Challenge: Navigating the Application Process for the 7 Toughest Cards

Many of these cards come with hefty annual fees, but they can also offer large signup bonuses and high rewards rates. They are the preferred cards of wealthy individuals who use credit cards as a way to earn travel and cash back while maintaining a low overall debt-to-income ratio.

If you’re interested in applying for one of these high-end credit cards, start by searching for the card name along with “preapproval.” Preapproval is usually a quick process and can be done online or by calling a credit card company. Plus, your credit score won’t take a hit as the issuer will only run a soft pull of your credit report.