The platinum credit cards are the credit card versions that come with the high minimum requirements of income. However, the credit limits of the platinum cards are also higher than the ordinary versions. These cards also have an array of the additional benefits for the cardholders as compared to its counterparts.
Having the extras or the additional benefits that cannot be availed in the basic cards, the platinum cards become a better choice for the credit card seekers. For instance, a platinum credit cardholder can get the extra benefits such as complimentary insurance covers and the access to the personal concierge services as well.
There are several platinum cards available in the market that you can get. But to know which one can fit your needs the most, here are our today’s 5 most exciting picks of the week.
In fact, this is a “Platinum Charge Card” that means that the cardholder will have to pay the card balance, every month. Apart from the “Platinum” cards, the American Express also offers gold cards and green cards that distinguish their cards. The American Express Platinum Credit Cardholders can enjoy the great travel benefits along with the concierge service that makes it a good choice. There is a big annual fee of $450 that the cardholder will have to pay, so before you apply for it, you should be quite clear about it that it is really a worth taking the option. When you spend $3,000 within the first three months of card approval, then you will also be given the 40,000 points against it. There are no interest charges because the cardholder is paying the full card balance every month. There are the airline free credits, hotel and resort benefits, no foreign transaction fee, and much more benefits.
There are some perks for the frequent flyers such as free bag checking and priority boarding, etc. This card also offers extra miles on every single card purchase. There is a $95 annual fee that this cardholder will have to pay. However, the annual fee for the first month is waived. An alternate is also available that is a Gold Card with an annual fee of $50. There are the fewer rewards in the Gold Card when compared with the Platinum version. This card provides 30,000 bonus miles when the cardholder spends $1,000 inside the first three month period of the card approval. There is no foreign transaction fee on the purchases, and the purchase rate is 14.24% to 22.24% that will be based on the cardholder’s creditworthiness. There are 25% savings on the eligible in-flight food and also the beverages that are purchased using the card when the cardholder is traveling on American Airlines.
This is one of those Platinum Credit Cards offered by the American Express that will cost a cardholder $195 every year with its annual fee. There are the 35,000 bonus miles that this cardholder will get purchasing something of $1,000 within the first three months of the card’s approval. At the same time, the card holder will also be able to enjoy the 5,000 MQMs too. The card holder can also get the $100 statement credit after he makes a Delta purchase within the first 3 months. When it comes to the APR, then it will be a variable rate that is currently 15.99% to 24.99% and it is based on the cardholder’s creditworthiness and a few other factors. There is also no FX fee, first checked bag free benefits and the payment flexibility is also there. The card also has the several shopping and entertainment benefits and some additional services to watch out.
There is an option for you to either choose a Visa Platinum Card that is having a low 7.5% interest rate and the Platinum Rewards Card that is providing the points program to the cardholders with a little high APR of 9.5%. To grab any of these platinum credit cards, the applicant is needed to have an excellent credit history. There is no annual fee for both card types. The Visa Platinum Rewards Card offers rewards, while the Visa Platinum card doesn’t come with the reward program. There are the travel insurance benefits, global acceptance, car rental loss/damage waiver benefits, and emergency cash & credit card replacement perks that these cardholders can enjoy.
This is another interesting platinum credit card that has no annual fee that has a 0% rate on the balance transfers and purchases for the first year. After the first year, there will be a 10.24%, 15.24%, or an 18.24% interest rate that will depend on the credit history of the cardholder. The cardholder can get an additional credit statement of $50 when he purchases something inside the first three billing cycles, it’s a limited time offer. For the first fifteen billing cycles, the introductory APR will be 0% on the balance transfers. After that time, there will be the variable APR that will be based on the creditworthiness of the cardholder that would be anywhere in between 10.24% to 18.24%. So, this is another decent platinum card option that you need to watch out when looking to grab a good platinum credit card.
So, these were today’s top 5 platinum credit card picks that we shared with you. By going through the perks, interest rates, annual fee, and the other factors, you can easily be able to identify the right platinum card for your needs. There are of course many other platinum credit card options available, but the ones that we have discussed today are currently the most popular and decent platinum credit card options that you can consider. If you need to know more about these cards, then you can also get in touch with the credit card providers by dialing their support numbers to know whatever else about these cards.