Quick Answer: What Is Platinum Credit Card?


What does it mean when you have a platinum credit card?

A Platinum card is a credit card which, as its name suggests, is a card with more prestige and benefits than a gold or regular credit card. A Platinum card offers several tangible benefits when compared to other regular credit cards, and is also in demand for its image as a prestige card for high end customers.

What is the limit of platinum credit card?

2,999 for every membership year. Cardholders also get an interest free credit period of 20 to 50 days which is applicable for retail purchases. The cash advance limit for SBI Platinum Card is 80% of the credit limit.

Who qualifies for a platinum card?

The credit score needed for the American Express Platinum is generally above 700. According to Credit Karma, the average score is 715. Although, several applicants with credit scores in the 600s have also been approved, even as low as 643.

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What are the benefits of a platinum credit card?

The Platinum Card ® from American Express earns Membership Rewards points, which offer flexible redemption options that vary in value.

  • A jet-setting welcome offer.
  • Big travel rewards.
  • Up to $200 in annual credit for airline incidental fees.
  • Up to $200 in Uber cash for rides.

Is the Platinum Card 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. 3

What is higher than platinum card?

An annual membership fee charged on the titanium card is usually higher than the platinum card. Both titanium and platinum cards offer perks such as air miles, insurance benefits, travel perks, cashback rewards, and lifestyle privileges.

How much is a platinum credit card?

The Platinum Card ® from American Express benefits and features. If you want to improve your overall travel experience — and don’t mind paying extra for it — you should get The Platinum Card ® from American Express. Taking advantage of all of the card’s features can quickly compensate for most of the $695 annual fee.

Is Platinum Card a 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.

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How much money do you need for a platinum American Express?

What does your credit score need to be for the Amex Platinum card? While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.

Is it hard to get a platinum credit card?

It will be difficult for the average person to get Amex Platinum because of the card’s 700+ credit score requirement and reportedly high income requirement. Anecdotal evidence suggests most people need to make at least $40,000 to $50,000 per year and that approval odds are best with $100,000 or more in annual income.

Who has a black card?

Ritz-Carlton Rewards Credit Card

Top 10 Most Exclusive Black Cards You Didn’t Know About
Card Name Annual Fee in USD Interest Rate
American Express Centurion Card $2,500 (plus $7,500 Initiation Fee the first year) Prime + 21.99% APR
Luxury Card: Mastercard Black Card $495 Undisclosed
World Elite Mastercard Undisclosed Undisclosed

How much money do you need to have a black card?

The American Express Black Card’s requirements are rumored to include being an Amex cardholder for at least a year, spending over $100,000 annually on American Express credit cards, and annual income of at least $1 million. You ‘ll probably need to have an excellent credit score, too.

How much is a Visa Platinum?

That’s because the card charges an annual fee of $0*, yet it offers a long 0% introductory interest rate on purchases, as well as a good interest-free period on balances you transfer from elsewhere. You won’t earn rewards with the U.S. Bank Visa ® Platinum Card. But it comes with cell phone insurance, a minor perk.

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How does the Visa Platinum card work?

The U.S. Bank Visa Platinum Card offers an introductory 0% APR period on purchases made in the first 20 billing cycles of account opening and balance transfers made within the first 60 days. In order to benefit from the introductory APR, you should aim to pay off your entire balance before the introductory period ends.

Is Visa Platinum a credit card or debit card?

This card combines all the advantages of a debit card with the benefits of a Visa Platinum Debit card.

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