Premium cards are pitched as keys to a world of luxury, with airport lounges, exclusive shopping credits and personal concierges. Most U.S. consumers pay more in credit-card interest than they get in rewards. But for the few who try to take advantage of everything they are entitled to, the cards can feel more like a part-time job than a lifestyle upgrade.
“Sometimes it can be a bit of a buzzkill,” said Eric May, a 36-year-old in Columbus, Ohio, who works at a financial-technology company.
