What Are Platinum Credit Cards?

Platinum credit cards are generally offered to those individuals with good credit ratings and an income of 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 limits 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 you’ll 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 injury, 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.

  • Platinum Business From American Express – The Only Card You Need To Have!

    American Express has been rendering great financial services to the society with its large ensemble of credit cards, travel checks and charge cards. Platinum Business from American Express is one such card particularly suited to those business owners planning to carry a revolving balance and operating their expenses through one credit card.

    Platinum Business from American Express allows you to enjoy options to pay overtime and other several unmatched benefits designed specifically for businesses.

    You have the good option to enroll in fee-free Membership Reward Program. The program allows you the opportunity to redeem points for various benefits and services. Platinum Business from American Express has a flexible reward program with no yearly limit and no date of expiry applied to points.

    Vital Features

    The Platinum Business from American Express has the following features:

    – A low introductory APR of 0% for the first 12 months on purchases
    – The card has no annual fee
    – A 7.99% rate on balance transfers made during the six-month introductory period.

    The reasonably low interest rate (for those who qualify) and no annual fee makes it an ideal card for the business owners who need to carry balance from time to time.

    Supplementary Features

    As a cardholder, you will be able to access all the services offered under the American Express’ OPEN program. The Platinum Business Cash Rebate card from American Express’ OPEN small business program can be a great option for those who require a card with low APR, and good rebate deals.

    The Platinum Business card gives an OPEN opportunity to the small business owner using businesses (or may start using businesses) in the OPEN network. It allows them time to clear up dues.

    The cash-back reward is a unique selling point of the Platinum Business from American Express. Whenever you make purchases with the card, American Express awards you up to 2.5% cash back. The rebate shoots up to 5% when you make the purchases within OPEN small business network.

    These offers last until you have spent $15000 with the card. Once your purchases have crossed this limit, the percentage rates go down to 1% for general purchases and 2% for purchases made within the network.

    (Do not be misled by the words ‘cash rebate’. The rebates you earn using the card will appear as a credit on you cardholder’s statement.)

    Apart from these, other resources provided by OPEN network to help you run your business include:

    – You will get 2 additional cards without fee

    – You can build savings by availing discounts offered by Delta, FedEx, Courtyard by Marriott, and other discount offers. You will not need any coupon or code; instead, the savings will be added to other discounts your business may have already received.

    – The online management facilities help you in managing your account with the small Business Dashboard, and track charges with Expense Management Reports.

    – You are allowed to seek the opinion of an expert, ask him questions using the online tool and benefit from the opinions and experiences of other business owners.

    Additional Benefits

    Platinum Business from American Express offers special discounts at stores including Staples, AT&T, FedEx, and 1-800-FLOWERS.COM.

    Like most of the American Express cards, Platinum Business also offers purchase protection, extended warranty for purchases, Auto rental insurance, upto $100000 in travel accident insurance, lost luggage insurance and emergency card replacement services.

    The Best Platinum Credit Cards

    Credit cards are categorized in three different levels; the Standard, the Gold, and the Platinum. Among the three, the platinum card is comprised of more benefits and purchasing power, making it a bit of a status symbol in the society. Platinum cards are desirable because of the benefits and privileges it extends to the customers who are qualified to carry it. Excellent credit and a reasonably income come with the territory in qualifying.

    The American Express Platinum card, is generally considered the “creme de la creme” of the Platinums 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 the American Express Platinum is the reward points of 1.5 per purchase made.

    The MasterCard Platinum is another card accepted worldwide and offers reasonable interest rates for purchases. MasterCard only requires you to pay your bill on time to maintain the reasonable percentage rate (and if you can’t pay your bill on time, perhaps it’s time to rethink you spending habits before upgrading to Platinum).

    The Discover More Platinum is another card that offers convenience through its high spending limits, zero annual fees, attractive introductory APR for purchases and balance transfers for 12 months, and some more rebates on purchases and cash back bonuses. Credit history and details can be accessed through online account access.

    Platinum credit cards have a wider range of benefits and opportunities than the silver or gold credit cards. It extends additional services such as concierge services, travel services, and purchases on high class establishments. Once you meet the qualifications of being a high earning individual with high credit score, you can get this card and experience its benefits and privileges.

    The American Express Platinum credit card [http://www.platinumcardsite.com/] is also offered to business institutions for their company purchases. The features of the business version are the same with that of the personal card. Some credit issuers offer the platinum business card with no APR on the first twelve months and low APR thereafter, while some offer no annual fee.