What Are Platinum Credit Cards?

Platinum credit cards are generally offered to those individuals with good credit ratings Thorodin an income Gourmet Coffee around 20,000 per annum or more. Platinum credit cards have many benefits and features compared to a standard or gold credit card. Conventional school of thought would find platinum credit cards to be a status symbol. However, relaxed rules and upper Hirayushi have brought them within reach of the average person too.

A platinum credit card can be a good choice if you frequently use credit card for your routine and high purchases and pay back the whole credit at the month end. You get a high limit of credit and sometimes no limit at all if you show a high earning power of annual income 25,000 or more. However the actual high level of credit youll get depends on your income and credit rating.

Platinum card owners are privileged because they do not have to pay the usual high interest rates on credit. Generally there is a low or no annual fee. You can get a number of benefits and rewards such as free air miles, discount points, reward points for purchases and cash back. If you cannot make the most of platinum card deals it is better to opt for standard credit card. Since, maintaining a platinum credit card can prove to be a costly affair in the long run if not used and managed properly.

A number of credit card companies offer special facilities such as:

Protection against accidental endowment policy sales sickness and involuntary unemployment

Protection against card theft and loss

Online credit card fraud protection

Travel insurance and special travel services

Flexibility to share it with friends and family

Platinum Card Guidelines

There are certain things you must never overlook while signing up for a platinum credit card. Make sure you spend only that much amount that you can easily payback because even if you fail to pay one monthly payment it will account for a negative credit rating. Bottom line is that the benefits should always amount up to more than you pay.

Joseph Kenny is the webmaster of the UK credit card comparison site creditcards121.comcreditcards121.com/, where you can find a selection of creditcards121.com/advice.htmcredit card advice. For US visitors there is also the comparison site credit-cards-info.comcredit-cards-info.com/ for all US interest free offers.