What is a platinum level credit card?

What is a platinum level credit card?

Having a platinum credit card used to mean that your credit card was more exclusive and elite than a normal credit card. Now, there are platinum credit cards offered for every level of creditworthiness, from bad to excellent, and the word “platinum” has more to do with marketing than a card’s benefits and features.

Is there a platinum Discover Card?

Like most cards, the APR of the Discover Platinum Card for both balance transfers and purchases remain at 0% for a year after a successful application. Cash advances are charged with an APR of 20.99%.

What is a consumer platinum card?

The Platinum Preferred Card is designed to make every dollar you spend count. Earn points on everyday purchases redeemable for airfare, merchandise and gift card rewards. Opportunity to earn double and triple reward points on qualifying everyday purchases.*

What is the most VIP credit card?

The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.

Are platinum cards worth it?

Is the Amex Platinum worth it? The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.

What is the difference with a platinum credit card?

With some credit card issuers, platinum cards are more prestigious than preferred cards. With other issuers, platinum cards are less premium than preferred cards and are actually basic cards without rewards. As an example, Capital One Platinum Credit Card lacks rewards but is attainable by those with “fair” credit.

Is Discover a good card?

Discover actually is a good credit card company for most people because it has credit card offers for people of all credit levels, and its cards all have $0 annual fees as well as rewards. Discover also offers its cardholders 100% U.S.-based customer service that is highly regarded.

Is the platinum card a charge card?

The Platinum Card® from American Express was introduced as a charge card, meaning your balance was due in full every month. However, cardholders can now carry a balance on certain purchases with American Express’s Pay Over Time feature, which allows the card to function more like a traditional credit card.

What credit card do millionaires use?

Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and The Platinum Card® from American Express. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.

Is there a gold credit card?

The Gold card comes with an annual fee of $250, and there is no annual fee for adding any additional cards to a Gold account. The card also offers a $100 airline fee credit every calendar year when checked baggage or in-flight meals are charged to the Gold card.

Is there such a thing as a Platinum Card?

Now, there are platinum credit cards offered for every level of creditworthiness, from bad to excellent, and the word “platinum” has more to do with marketing than a card’s benefits and features. These are only a few of the 300+ credit cards with the word “platinum” in their name currently on the market.

What are the best Platinum credit cards for cash back?

Why it’s one of the best platinum credit cards to get: The First Option Platinum Credit Card is the best platinum card for cash back because it offers 1.5% back on all purchases and has no annual fee. There’s also no interest on purchases for the first six months and a low regular APR, at 10.67% (V).

What are the best unsecured platinum credit cards for bad credit?

Why it’s one of the best platinum credit cards to get: The Credit One Bank® Platinum Visa® for Rebuilding Credit is the best unsecured platinum credit card for bad credit because its annual fee is $75 the first year ( $99 after that). This card provides a modest credit line, which can make it good for emergencies, too.

What are the benefits of the Delta Platinum Card?

The Delta Platinum Card also provides 1 – 3 miles per $1 on purchases, statement credits for in-flight purchases, and a free checked bag on Delta flights. You do need to fly frequently to get your money’s worth, though, as Delta’s Platinum credit card charges an annual fee of $250.