Which five loyalty credit cards are worth keeping for their benefits even if you never use them?

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Typically there are three different types of travel loyalty credit cards you can apply for:

Cards you get just for the sign-up bonus

Cards you get primarily for the strong on-going earnings rate

Cards you get but don’t use because they come with generous perks

Head for Points tends to focus on the first two types but I thought it was worth another look at the five loyalty cards which offer decent on-going perks even if you don’t use them.

For clarity, my list does NOT include perks which require you to hit a spending target each year to receive them such as the British Airways American Express 2-4-1 voucher.  This article (click) looks at the most valuable credit card perks which require you to hit an annual spending target.

All of the perks discussed below are yours simply because you took out the card.

The place to turn for full details of all airline and hotel loyalty credit cards is, of course, our ‘Credit Cards Update‘ page, which summarises all of the cards currently available.

credit cards with the best benefits

Looking through the list, these are the five cards you might want to get but keep in your desk drawer gathering dust:

The Platinum Card from American Express (click here for our Amex Platinum review)

This is the most complex and most debatable card here.

The Platinum card comes with a £575 annual fee.  Because you can get a very generous 30,000 Membership Rewards points sign-up bonus (converts into 30,000 Avios or 30,000 Virgin Flying Club miles amongst other things) it may be worth giving the card a try to see if it works for you.  There is a higher bonus of 35,000 points if I refer you – see my Amex Plat review for details.

The Platinum Card is a charge card, not a credit card.  You need to clear your balance in full each month.

There are a lot of long-term benefits that can have real value:

  • 2 Priority Pass cards, each getting you and a guest into 1,200 airport lounges for free.  If you give your second card to your partner, you have a family of four covered.  The addition of the Aspire lounge in Heathrow T5, the Plaza Premium lounges in Heathrow T2, the Club Aspire lounge in Heathrow T3 and the Plaza Premium, ART & LOUNGE and SkyTeam lounges in T4 have made this benefit more valuable in recent years.  At London Gatwick you have the new Club Aspire lounge in BA’s South Terminal.
  • Access to the Plaza Premium Lounge in Heathrow Terminal 5.  Whilst this lounge is not in Priority Pass, you can get in – with a guest – by showing your American Express Platinum card.
  • Eurostar lounge access (cardholder only, no guests)
  • Lounge access with Delta in the US
  • Access to Amex’s upmarket ‘Centurion’ lounge network at selected US airports, Hong Kong and – from late 2020 (TBC!) – London Heathrow Terminal 3
  • Marriott Bonvoy (Sheraton, Le Meridien, Aloft, St Regis etc) hotels Gold status,
  • Hilton Honors (Conrad, DoubleTree, Waldorf Astoria, Hampton etc) Gold status
  • MeliaRewards (Melia, INNSIDE, Tryp, ME) Gold status
  • Shangri-La Golden Circle (Shangri-La, Traders) Jade status, which allows you to instantly match yourself to Taj InnerCircle Gold status
  • Radisson Rewards (Radisson, Park Plaza, Park Inn) Gold status
  • Travel insurance, subject to enrolment, which is fully comprehensive (some minor benefits such as lost luggage requiring you to pay for your flights and hotels with an American Express card, although ‘big stuff’ like medical cover is covered regardless) – although read the small print if you have pre-existing conditions
  • Comprehensive car hire insurance
  • Discounts and/or added benefits in luxury hotels via the Fine Hotels & Resorts programme
  • £10 per month of Addison Lee taxi credit
  • $200 cashback on every onefinestay home rental – available unlimited times, no minimum spend

…. plus some other bits and pieces.

A lot of people, including myself, have a Platinum card for the benefits but – because of the weak 1 point per £1 earning rate – do not use it much.  I use mine purely for HFP-related expenditure which gives me the added benefit of being to treat the £575 fee as tax deductible.

IHG Rewards Club Mastercard  (click here for our IHG Rewards Club Mastercard review)

The free IHG Rewards Club Mastercard gives you Gold status in IHG Rewards Club, the Holiday Inn / Crowne Plaza / Hotel Indigo / InterContinental loyalty programme. This is not worth much, frankly, but some hotels do give you a modest gift or some points as a welcome gift.  In the UK you will get the option of a free drink.  Given that the card is free, it makes sense to take it out purely for the on-going Gold status if you have the occasional IHG hotel stay.

Representative APR 22.9% variable.

HSBC Premier World Elite Mastercard (click here for our HSBC Premier World Elite Mastercard review)

This card is only available to HSBC Premier current account holders, and a substantial financial commitment to HSBC is required to receive one.  Representative APR 59.3% variable including £195 fee based on a notional £1200 credit limit.

You receive free airport lounge access at 750 airports worldwide via the LoungeKey programme.  Guests are charged at £20, although if you regularly travel with the same adult it would be cheaper to pay £60 to get them a supplementary credit card on your account.  It is a cheaper way of getting lounge access than buying your own Priority Pass card.

If you get the standard version of the HSBC Premier Mastercard, you also get a LoungeKey card but are charged £20 per lounge visit, no freebies.  You can also get a free LoungeKey card via the Santander World Elite Mastercard.

Miles & More Global Traveller Diners Club and Mastercard (click here for our Miles & More Mastercard review)

The new Lufthansa card – launched in 2018, and which operates as a charge card and not a credit card – has one key benefit.  As long as you charge £1+ per month to it, your Miles & More miles will not expire. 

This is a valuable benefit as Miles & More has a draconian three year expiry policy for non-elite members, irrespective of your account activity.  The card has a high annual fee of £79 per year, offset by a 5,000 mile bonus in your first year.

Marriott Bonvoy American Express (click here for our Marriott Bonvoy Amex review)

The Marriott Bonvoy American Express card comes with 15 free elite night credits per year.  This means that you will immediately qualify for free Silver Elite status in Marriott Bonvoy.  This has few real benefits, except for a 10% bonus on base points earned from Marriott hotel stays, so it is debatable whether it is worth the £75 annual card fee.  However, it also puts you 15 nights nearer the very valuable Platinum Elite status which comes with guaranteed lounge access, breakfast benefits and a guaranteed 4pm check-out.

The card comes with 20,000 Marriott Bonvoy points as a sign-up bonus.

The representative APR is 38.8% variable including £75 fee based on a notional £1,200 credit limit. 


Overall, there are some interesting deals to be had with some credit cards which makes them worth keeping, even if you don’t use them.

For bigger spenders, especially heavy travellers, The Platinum Card from American Express is worth a look. The generous sign-up bonus (30,000 Amex points is worth 30,000 Avios or other airline miles when transferred), airport lounge access and the free hotel status cards mean that you don’t have much to lose by giving it a try, despite the heavy fee.

PS.  In case you are wondering, I deliberately excluded The American Express Preferred Rewards Gold card.  Whilst you get two free airport lounge passes per year, these do not justify the £140 annual fee from Year 2 onwards.  Of course, in Year 1, it is a different story!

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

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  1. Benilyn says:

    OT: standard version of the HSBC Premier Mastercard also has 2Y extended warranty (on top of manufacturer provided) with D&G for electricals. The paid one does not as far as I can tell.

    • I’ve just got the Premier account and standard credit card – do they issue a lounge pass or do you just swipe at the desk and pay £20 each time?

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