How to Use a Platinum Credit Card

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- Know what services are on offer and use them if you need to!
Most people forget the range of services some credit cards offer, and platinum credit cards often offer even more!

You should find out exactly what services your platinum credit card offers, so that if you ever have a problem with a purchase, your money or whilst travelling, you’ll know straight away who to get in touch with for help.

The extended warranties offered with the Natwest platinum credit card, for example, are not to be passed up. When you purchase household appliances with the Natwest platinum credit card you’ll be able to get a free second years warranty added to the manufacturers one-year warranty on up to 4 appliances. You will need to register the item within 60 days of purchase.

So if you are buying any large purchase remember to pay for it with your platinum credit card, for the extra safety a platinum credit card can offer.

Make the most of your card...

- Increased purchasing power
You'll obviously already have a good credit history and score to have a platinum credit card.

You can help to increase the purchasing power offered with your platinum credit card, by making sure you always make your monthly repayments and when you need it, ask your bank or building society for a credit limit increase.

- Platinum credit card rewards
Some platinum credit cards offer additional rewards for your spending. Rewards on offer can range from cash back on all your spending, to free products and services or money off a new car.

Find out if your platinum credit card offers a reward scheme, and if it does you can help to increase your earning potential by:

Everyday spending
Use your platinum credit card for all your everyday spending, including your weekly food shopping and buying petrol.

You have to buy all these things anyway, so stick them on your platinum credit card and you'll be well on your way to earning some free rewards - just remember to budget your income so you can repay your balance in full each month.

Household bills and direct debits
If your service provider allows you to pay by credit card, you can move your household bills and direct debits onto your credit card - helping you to increase your platinum credit card reward earnings (if offered on your card).

Spread your potential
If your platinum credit card has a reward scheme, you can help to double your earning potential by getting an additional card for your immediate family members, like your partner.

While not always suitable for everyone, this can really give a boost to any reward earnings - just make sure you trust their spending and that they will repay their spending each month.

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