April 25, 2011 8:00 AM PT

Are Credit Cards with Event Perks Worth the Annual Fee?

Read more about Events

So many of us are conditioned to reject any credit card offer that comes with an annual fee that we may very well be losing out on some great opportunities – ones that tip the financial sense scale in favor of that annual fee.

There are a number of credit cards that offer “event perks” — big discounts and opportunities to snag tickets for popular events and attractions. These credit cards, however, often come with an annual fee, prompting many people to shy away from the card. However, when you consider the money you can save or the opportunities to which you may have access, you might change your mind about paying an annual fee for an event card.

Concert
Concert © Michael S

Your V.I.P. Pass

Often times, credit cards with event perks are like having a personal concierge. If you like excitement and the latest events and concerts, you will likely benefit from a credit card with event perks.

For example, if you want preferred seating to the latest concert, you may have little luck taking this task on yourself. However, there are a number of event credit cards that feature special event privileges to its cardholders that allow them to snag tickets to the hottest concert in town.

If you consider purchasing tickets for a concert through a private party or even a scalper, you can be sure you will pay much more than the face value of the ticket. In other words, if you consider the money you would save in just this one instance, an annual fee certainly doesn’t seem very significant.

In addition, many of the credit cards with event perks even offer premium tickets for events at a reduced price, thereby affording the cardholder even more benefits.

Concierge Services

If you really want to feel important, you may be able to use your credit card with event perks to snag tickets to events before they even go on sale to the public. Imagine being able to get tickets to the hottest event in town, before they even go on sale! You could be a hero to your kids or your significant other in one fell swoop.

Luckily, many of the credit cards that offer event perks provide their cardholders with concierge-type services. In other words, if you need tickets to the hottest event in town, you need only make a phone call and the credit card company will set it up for you. How’s that for service?

Family Fun

Credit cards with event perks are not just for the latest concerts or sporting events, either. Many of these credit cards also offer free or discounted tickets to a number of family attractions, including the zoo, aquarium or museum. In fact, some of the best event credit cards offer free or discounted admission to hundreds of attractions throughout the United States.

If you are debating whether a credit card with event perks is worth paying an annual fee, consider that you may recoup your annual fee if you take advantage of just one event perk. In other words, most cardholders quickly see a return on their investment.

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Follow @CreditDonkey or write to Grace C at grace@creditdonkey.com
Grace C is a contributing writer at CreditDonkey, a credit card comparison and financial education website. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions. (read more)

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