Thursday, December 25, 2008

Platinum Credit Cards

By Gray Rollins

Credit cards are categorized in three different levels; the Standard credit card, the Gold credit card, and the Platinum credit card. Among the three, Platinum credit card is comprised of more benefits and purchasing power, making it as a status symbol in the society. More cardholders would prefer this Platinum credit card because of the benefits and privileges it extends to the customers who are qualified to avail it. High income and clean credit scores are one of the qualifications.

The American Express Platinum card, a highly prized card, is the most preferred card by cardholders because of its benefits such as the highest credit limit of up to $100,000, VIP treatment given to cardholders, worldwide access and acceptance, travel services, financial services, account online access, and many more as you keep using the card for the longer period of time. Another benefit of the use of American Express Platinum card is the reward points of 1.5 per purchase made.

MasterCard offers a platinum credit card. This card is accepted almost every where in the U.S. and abroad. The percentage rate, which is very reasonable, will stay at a reasonable amount as long as the payments are made on time.

The platinum Master Card is for those with higher incomes but if you only pay the minimum on your outstanding balance your interest rates can go up by as much as 35%. When choosing this type of credit card the best way to save the interest and fees is by paying off the balance each month.

The Discover More Platinum credit card is a card with high spending limits and no annual fee. The introductory period offers a low APR and as long as you maintain your good credit, the APR does not increase a lot. The rebates you can earn on practically anything you purchase are enhanced with bonuses at certain places you use your card. With online account access, this is a card that can be quite worthwhile if you maintain your credit rating.

When you are eligible for a platinum credit card you will have more benefits from this card than either the silver or gold credit cards. The platinum card has always been reserved for those with an income level that is above average and the financial savvy to keep their credit at excellent levels. Platinum credit cards have many services, such as concierge services that are part of the benefits of qualifying for this card.

Platinum credit cards are available for businesses. They have several options that are standard with the card so you can save money when shopping for your business as well. The membership rewards are similar to the regular credit card for personal use. There are companies that are affiliated with the credit card company so you can save from 3 to 25% on purchases you make with these companies. Some of the platinum credit cards for business offer a 0% APR for the first year and there are some with no annual fee.

Platinum shopping card is also a form of credit card. Unlike the regular credit card which can be used for dining, travel, or other services, platinum shopping card is only intended for purchases of merchandise or just for shopping purposes. The credit transactions are still reported to the credit bureau for the credit score, so be sure to make prompt payments and take care of your credit history. - 16928

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