How to Compare Platinum Credit Cards
Platinum Credit Card Best Buys
Platinum Credit Card FAQ's
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These cards are best for...
Platinum credit cards are the perfect solution for anyone who is looking for a prestige credit card with an extended credit limit offering increased purchasing power.
Platinum credit cards often offer many extra cardholder services too, including added purchase securities and travel services.
Platinum credit cards are suited to people who have a very good or excellent credit rating.
Many platinum credit cards will have higher required incomes to be considered for the card. Some platinum cards will request a yearly salary before tax of around £20,000 to £25,000.
There are platinum credit cards available to people aged over 18 years of age, however some cards will request that applicants are aged over 21 or 25 years of age.
These cards are not suitable for...
If you have a good credit rating but do not quite meet the minimum requirements for a platinum credit card you can also look at gold credit cards, which offer similar extra features but require lower salaries and age limits.
If you know yourself to have a poor credit history, you will not be accepted for a platinum credit card. A credit card designed especially for people with a poor credit history may be more suitable. The Capital One Classic credit card helps people with a poor credit history to rebuild and strengthen their credit score.
Knowing what's on offer...
Platinum credit cards are prestige credit cards, which mean they offer people with a very good credit history extra benefits and services.
- Increased purchasing power
Platinum credit cards will often offer higher credit limits than are available on a classic credit card. A higher credit limit can bring increased purchasing power on credit.
Increased purchasing power can be useful when buying large items or needing to make a number of purchases at the same time, for example for home improvements.
- Added purchase security
Many platinum credit cards offer added purchase security, which means just by paying for goods on your platinum credit card will automatically cover them against loss, theft and damage when they are newly purchased.
The Natwest platinum credit card also offers extended warranties, which means that you can gain an extra year's warranty on top of the manufacturer's warranty when you buy household appliances.
The American Express platinum credit card offers refund protection, which means that American Express will refund any eligible item when a retailer refuses to.
- Keeping your money safe
Credit cards have long been the most secure way to pay for purchases, and many platinum credit cards work hard to keep your money safe.
Platinum credit cards offer free services to help protect your money against fraud, including Internet fraud guarantees and active fraud monitoring services.
- Travel services
One of the best things about credit cards is how much they can actually help you if you ever come unstuck. Although just a tiny piece of shiny plastic, many platinum credit cards can offer real help if you ever need it in the UK and around the world on your travels.
Platinum credit cards often offer worldwide assistance or travel helplines, which means your credit card company is just a phone call away anywhere in the world, waiting on hand to help with emergency medical or legal difficulties whilst abroad.
Some platinum credit cards can also help if you ever lose your card whilst in the UK and abroad, with emergency card replacement services that can get you a replacement card almost anywhere in the world.
- Reward schemes
Some platinum credit cards also offer reward schemes too, where you can earn rewards based upon your purchase spending.
Reward schemes on offer can include cash back, retail rewards and shopping discounts, frequent flyer miles and charity donations.
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Compare platinum credit cards
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