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Gold and platinum credit cards
Is It Worth Applying For Gold And Platinum Cards?

Credit cards aren’t just credit cards anymore. As time has gone on, they have evolved to offer different perks and benefits to different groups of people. But it can sometimes be tricky to find your way through the myriad of cards on offer, and gold and platinum credit cards are just two of the options you have available to you.

But what do you think about having gold credit cards? Do they give you an extra sense of prestige? Do platinum credit cards give you more perks or does it just look good to have one in your wallet or purse?

Watch out for extra charges applied to gold and platinum credit cards.

A lot of gold credit cards apply an annual fee for the privilege of having one, and platinum credit cards work in much the same way. These charges aren’t necessarily a scam; some gold and platinum credit cards give you enough perks that make the annual fee worthwhile.

It’s a good idea to compare the different cards available before you make your decision on whether gold credit cards or platinum credit cards are right for you, though, as you may be able to find an equally good deal which doesn’t involve any extra charges or fees at all.

What are you looking for in a credit card?

Are you good with money and pay your cards off in full every month? Do you just want to have a card which reflects your status and indicates to other people that you have a good credit line?

While gold and platinum credit cards don’t have the same reputation as they used to have, they are still a cut above other cards, and if you want a credit card which offers you more in the way of benefits while showing other people that you are a discerning customer, then these cards might be for you.

What extra benefits can you expect to get with gold and platinum credit cards?

Gold credit cards come with extra benefits which vary according to the provider. Platinum credit cards work in a similar way, although the benefits will generally be of more value than those you would expect from standard credit cards.

For example, gold credit cards may offer you a higher rate of cash back on your purchases than standard credit cards. Platinum credit cards often give you extra coverage on all the purchases you make on the card, over and above what you would get with the purchase itself. Many platinum credit cards now offer you extra protection on anything you buy over the internet as well.

Both gold credit cards and platinum credit cards usually offer good travel deals on insurance and exchanging money for foreign currency, which makes gold and platinum credit cards a good bet for anyone who travels a lot.

In the end, you need to consider whether you would actually benefit from the extra perks given to you by gold and platinum credit cards before you apply for one. If you aren’t going to make use of them, the annual fee on gold credit cards or platinum credit cards may not be worth paying for the card of a different color.

Compare credit card providers

 
 
 
 
 
 
 
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