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Some of the most exclusive credit cards in the world come with initiation fees as high as $10,000 and annual fees of $5,000 or more.

These cards tend to be invite-only and geared toward big spenders.

While these cards may have appeal , there are plenty of great premium credit cards that are much easier to get. Many of them have superior rewards and benefits, and more manageable annual fees.

For example, while the Amex Centurion "black" card is famous for its exclusivity, you can get many of the same benefits with The Platinum Card® from American Express, with a much lower annual fee.

See Business Insider's list of the best rewards credit cards »

The rich have access to benefits the rest of us can only dream of, and the credit cards they can qualify for are no exception. Many credit card issuers offer an array of invite-only cards geared to the jet-setting crowd and other big spenders.

Not only do some of the most exclusive credit cards come with annual fees in the thousands of dollars, but in most cases, you also need to have a special "in" to get an invite, such as a relationship with a bank or an extremely high level of spending each year.

The thing is, the most exclusive credit cards aren't always that great. They may come with more robust concierge service and give cardholders significant street cred, but the best cards available to the general public are often just as good or better in terms of the rewards you'll earn.

We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

JP Morgan Reserve Card

One such example is the JP Morgan Reserve Card, which makes it easy to earn rewards thanks to the fact you earn 3x points on all travel and dining worldwide along with 1x points on all other purchases. Major cardholder benefits include up to a $100 statement credit for the Global Entry or TSA PreCheck application fee, an annual travel credit of up to $300, up to $120 in DoorDash credits over 2020 and 2021, airport lounge membership, and 1:1 transfers to Chase airline and hotel partners.

This card also comes with a robust selection of travel insurance benefits, and you can get 50% more value for your points when you redeem them for travel through Chase. A $595 annual fee applies, and this card is invite-only.

What to consider instead: Interestingly, Chase Sapphire Reserve® practically mirrors this card with the same earning structure and 50% more value when you redeem your points for travel. You'll also get the same travel insurance protections and core benefits including a $300 annual travel credit, airport lounge membership, and a credit for Global Entry or TSA PreCheck.

Chase Sapphire Reserve® Apply Now Annual Fee $550 Regular APR 16.99%-23.99% Variable Credit Score Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application. A tooltip Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application. Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria - relative to other products we've reviewed. A tooltip Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria - relative to other products we've reviewed. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Annual Fee $550 Regular APR 16.99%-23.99% Variable Credit Score Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application. A tooltip Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application. Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria - relative to other products we've reviewed. A tooltip Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria - relative to other products we've reviewed. Featured Reward Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening A tooltip Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening 50,000 points Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Details Pros & Cons Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®

$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year

3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.

Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel

1:1 point transfer to leading airline and hotel loyalty programs

Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select

Up to $100 application fee credit for Global Entry or TSA Pre✓®

One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21. Pros Annual travel credit can effectively shave $300 off the annual fee if you use it

Strong travel insurance

Strong bonus rewards on travel and dining Cons Very high annual fee

The new DoorDash statement credits may not be useful for everyone, which can make the recently increased annual fee harder to justify Read Our Review Read Our Review A looong arrow, pointing right

American Express Centurion Card

The Centurion card (also known as the black card) is another invite-only luxury card geared to American Express customers who are willing to pay for exclusivity. If you get invited to apply for this card, you'll need to pay an upfront initiation fee of $10,000 as well as an annual fee of $5,000.

This card does come with some pretty sweet perks, including elite hotel status with Marriott, IHG Rewards, Relais & Châteaux, and Hilton Honors. Status can help you score benefits like room upgrades, lounge access, and free breakfast.

Other perks include Platinum Medallion elite status with the Delta SkyMiles program, as well as access to Priority Pass airport lounges, Centurion lounges, and Delta Sky Clubs. You also get Equinox Destination Access Membership, which lets you access a specific network of gyms worldwide, as well as up to $1,000 in credits toward Saks Fifth Avenue purchases each year. CLEAR membership and a luxury concierge service round out this card's main offerings.

What to consider instead: The Platinum Card® from American Express is a good alternative if you want similar perks without the massive fees. This card charges $550 per year, and you'll score benefits like up to $200 in Uber credits per year,up to a $200 annual airline fee credit, broad airport lounge access, a credit for Global Entry or TSA PreCheck, and Gold elite status with Hilton Honors and Marriott Bonvoy.

The Platinum Card® from American Express Learn More Annual Fee $550 Regular APR See Pay Over Time APR Credit Score Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.75 out of 5 Stars Editor's Rating Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Annual Fee $550 Regular APR See Pay Over Time APR Credit Score Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.75 out of 5 Stars Editor's Rating Featured Reward 60,000 points after your spend at least $5,000 in your first 3 months of account opening Intro APR N/A Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Details Pros & Cons Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.

Enjoy VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.

5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.

5X Membership Rewards points on prepaid hotels booked on amextravel.com.

Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.

Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts® program at over 1,000 properties. Learn More.

$200 Airline Fee Credit, up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.

Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.

$550 annual fee.

Terms Apply. Pros Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott

Annual statement credits with Saks and Uber Cons Bonus categories leave something to be desired (no bonus rewards on general travel or dining)

One of the highest annual fees among premium travel cards Read Our Review Read Our Review A looong arrow, pointing right

The Citi Chairman American Express Card

Citi also has its own invite-only credit card, the Citi Chairman American Express card, which comes with concierge service you can access 24 hours a day. Premium travel benefits include access to private jet programs and airport lounges, as well as complimentary travel for a companion to select international destinations.

This card is rumored to come with a $300,000 credit limit for those who are approved, and you "only" have to pay a $500 annual fee. You also earn rewards on your spending in the form of Citi ThankYou points, which can be redeemed for merchandise, gift cards, travel through the Citi portal, or transfers to Citi airline partners.

What to consider instead: If you want to earn rewards in the Citi ThankYou program, consider the Citi Prestige® Card instead. The Citi Prestige lets you earn 5x points on air travel and dining, 3x points on hotels and cruise lines, and 1x points on all other purchases. A $495 annual fee applies, and you'll also get travel benefits like airport lounge access, a $250 travel credit each year, a credit for Global Entry or TSA PreCheck, and a complimentary 4th Night Free hotel benefit you can use up to two times per calendar year.

Citi Prestige® Card Annual Fee $495 for the primary cardmember Regular APR 16.99% to 23.99%, based on your creditworthiness. Credit Score Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.3 out of 5 Stars Editor's Rating Annual Fee $495 for the primary cardmember Regular APR 16.99% to 23.99%, based on your creditworthiness. Credit Score Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.3 out of 5 Stars Editor's Rating Details Pros & Cons $250 travel credit (applies to most travel purchases)

Priority Pass membership

Up to $100 credit for Global Entry/TSA Precheck every 5 years

4th night free on any hotel stay (twice per year starting Sept. 1) Pros 4th Night Free hotel benefit can save you lots of money if you maximize it

Annual travel credit of up to $250 that applies to eligible purchases automatically

Lots of bonus categories for earning points

Cell phone protection Cons High annual fee

Citi points aren't the most convenient option for many travelers

Dubai First Royale Mastercard

While not a lot is known about the Dubai First Royale Mastercard, we do know that this credit card is trimmed with gold, and is only available to the most exclusive clientele including UAE royalty and the super rich. This card does not have a credit limit and there aren't any restrictions on how you can use it, so the sky's the limit for those who are lucky enough to qualify.

While the Dubai First Royale Mastercard may appear light on tangible perks, royalty and other big spenders love the 24/7 lifestyle manager access. With this perk, cardholders can get immediate assistance with planning nearly anything their hearts desire, from a private chef coming to their home to delivery of a brand-new yacht.

What to consider instead: If you're not royalty but you want to enjoy some pretty sweet credit card perks, consider the American Express® Gold Card. You'll earn 4x Membership Rewards points on the first $25,000 you spend at U.S. supermarkets each calendar year (then 1x), as well as on dining. You'll also earn 3x points on flights and 1x points on other non-bonus purchases. A $250 annual fee applies (See Rates), but you'll get cardholder benefits like up to a $120 dining credit each year and up to a $100 annual airline fee credit. The American Express® Gold Card isn't trimmed with actual gold, but its metal design is pretty eye-catching.

American Express® Gold Card Apply Now Rates & Fees Annual Fee $250 Regular APR See Pay Over Time APR Credit Score A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Annual Fee $250 Regular APR See Pay Over Time APR Credit Score A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating Featured Reward 35,000 points after you spend at least $4,000 in your first 3 months of account opening Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Details Pros & Cons Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.

Earn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery.

Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).

Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

$120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.

$100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.

No Foreign Transaction Fees.

Annual Fee is $250.

Terms Apply. Pros Great rewards for dining and for shopping at US supermarkets

Monthly statement credit for eligible dining purchases recoups some of the annual fee Cons Underwhelming welcome bonus

Annual airline fee statement credit comes with many restrictions Read Our Review Read Our Review A looong arrow, pointing right

Stratus Rewards Visa White Card

The Stratus Rewards Visa White Card is another card for the elite that is somewhat shrouded in mystery. This invite-only, ultra-premium credit card is geared to people who spend at least $100,000 per year on a credit card, and it requires a $1,500 annual fee. Rumor has it that you can redeem your points for travel on private jets and charter flights, as well as other types of travel.

What to consider instead: The Bank of America® Travel Rewards credit card doesn't specifically let you redeem your points for luxury redemption options like private jets, but you can earn valuable rewards for all types of travel. This travel credit card lets you earn an unlimited 1.5 points for each dollar you spend, and you can book any type of travel you want with no blackout dates. There's no annual fee and you won't pay any foreign transaction fees, either. And you can earn 25% to 75% more rewards if you're a member of the Bank of America Preferred Rewards program, which requires a minimum of $20,000 in Bank of America banking or Merrill investment accounts.