| Platinum
credit cards are not just about status, they are credit
cards that usually offer a range of benefits given they
are normally only available to very good credit customers
who the lender perceives to be a very low risk. The benefits
of a Platinum card are wide and varied - you can expect
higher credit limits, lower APRs or incentives to transfer
existing balances away from other credit cards and onto
your new platinum card, some platinum card providers include
free upgrades, travel insurance and more, depending on the
provider you choose. Many platinum card providers are banks,
and as such they will often only make platinum credit cards
available to their existing good credit customers who already
bank with them. This is because they already then have a
lot of useful credit information held about their customer
from their banking activities, and can therefore establish
trends and whether they feel the customer is suitable enough
to be accepted for a platinum card. A platinum credit card
is one of the higher ranking credit cards out there, the
only others above this generally start to have monthly or
annual fees attached to them, such as the Amex Black Card. |
