Gold and Platinum Credit Cards

Gold and Platinum credit cards are known as prestige credit cards offered by credit card companies largely aimed at consumers with higher incomes that provide additional benefits to intensive borrowers.

Gold and Platinum credit cards usually require an additional fee in return for which the credit card company provides a superior level of service and extra offerings. These cards can be very exclusive, and in some cases are only offered to a select group of individuals who are specially invited to apply for the card with eligibility usually dependant income level and credit score. The exclusivity of these programs however is declining all the time, and usually these cards are now available to anyone that is prepared to pay the annual fee.

The benefits of Gold and Platinum credit cards vary between different issuers, however there are certain generalizations. Gold cards generally offer personalized rewards programs which tend to be far more comprehensive than standard credit card. Gold cards also usually provide insurance substantially different from that of ordinary credit cards. Platinum cards offer even more benefits such as concierge services and dedicated relationship managers. Prestige cards also provide holders with access to exclusive offers by retailers that are only available to holders of gold and platinum credit cards.

Prestige credit cards in general offer services which the holders of such cards find extremely valuable, and in general Gold and Platinum cards offer much higher credit limits and cash advances than standard credit cards, for a much higher fee.