The best gold credit cards and the best platinum credit cards can be more than just a status symbol, they could offer a host of other rewards to make you life a little easier. Here’s how to find a platinum or gold card best suited to your needs.
If you’re looking for a card that bestows a certain prestige, perhaps isn’t available to everyone walking in off the street and comes with a selection of other benefits, a gold credit card or platinum credit card could be for you.
Traditionally a gold Visa credit card or a gold MasterCard credit card would be reserved for ‘top value’ customers and high earners and so reflected a certain financial status with the bank or card company.
These gold cards have now be joined by a host of platinum cards, such as the Amex platinum credit card, that offer equal prestige and also give the holder additional benefits such as concierge services, cash back and extended cash withdrawal limits.
While gold credit cards are now more readily available than in years gone by, they still represent a certain level of status to some people and can come with extra benefits compared to ‘ordinary’ credit cards.
As with other cards, finding the best gold or platinum credit card will depend on how you plan to use it.
For example, the most suitable options when it comes to the best platinum credit card purchases wise and the best platinum credit card balance transfers wise are likely to differ, and you’ll need to carefully consider the different features of each card to make sure you’re getting the best deal.
This also means that even if you were specifically looking for a gold or platinum credit card, you should compare the gold card cash back and rewards deals with others on the market to make sure you’re not missing out on a better card of a different colour!
Before you apply for any gold credit cards or platinum credit cards you also need to check you meet the application criteria. Although these cards are easier to get than they once were, you may still need a minimum income and a strong credit history to be accepted.