Gold Vs. Platinum Credit Cards – Which Is Better?

gold-vs-platinum-fire

Best Platinum Credit Card

The Citibank Clear Platinum is the combination of both a low interest and platinum rewards credit card making it a rare breed of card. It’s also easy to apply for with a low annual fee and minimum income requirement of $50,000p.a

• $99 annual fee
• 11.99% p.a. on purchases
• 2.9% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 55 days interest free
• Minimum Income Requirement of $35,000 p.a.
• Complimentary International Travel Insurance

Read the Citibank Clear Platinum Card terms and conditions.

Choosing between platinum and gold credit cards comes down to qualifications. If you meet the standards for the platinum card then it is the best choice, but if you only meet those for gold membership you are also doing pretty well. These cards are designed to reward you for doing well in life, so take advantage of the benefits that come with ownership.

Owning gold credit cards or platinum credit cards is a status symbol. They are premium cards, in the way that they spend, the rewards they carry, and in the qualifications to get one. If you are able to meet the criteria for one of these cards it means that you have reached a higher income threshold and have outstanding credit. Those attributes make you a very appealing client for credit card companies. They know that you will spend on your card and pay it off on time, a combination they want to nourish. Because of that, gold and platinum cardholders get a world of benefits that are not available to the average credit card customer.

Benefits of gold credit cards

• Travel cover – When you use your gold credit card to book your travel expenses you will get insurance to cover medical costs, loss of baggage or personal effects, and even inconvenience cover to make up for delays.
• Purchase protections – Purchases you buy with gold credit cards come with specialised insurance to cover loss or accidental damage to the items. This cover usually lasts for three months after you purchase the item.
• Extended warranties – Many gold cards offer extended warranty coverage on big items like appliances. This covers the items for one year after the manufacturers warranty expires.

Benefits of platinum credit cards

• Gold card perks – Since the platinum card is one step above the gold card it garners all of the benefits associated with gold ownership but with extended benefits. For example, your travel insurance may only cover up to a set dollar amount, that amount would likely double if you are a platinum credit card owner.
• Concierge service – Concierge service is offered 24 hours a day 7 days a week to those who own platinum credit cards. They will help you purchase items and make reservations because you are probably to busy for such mundane tasks.

The answer to the question of which is better, gold or platinum credit cards is relative. Obviously, the rewards for platinum owners are more then for gold owners. However, platinum ownership requires you to earn more, double what gold membership requires so not everyone will be able to qualify for it. With both cards, you get increased spending limits and low interest rates, but they will be better for platinum cardholders. Both cards are the best choice if you are able to meet the qualification criteria. If you qualify for either one of them and do not apply then you are wasting money with any other credit card.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%