Gold and platinum credit cards

A gold or platinum credit card can feel like a symbol of prestige to some people. They can feel like a real status symbol to some holders. A higher level of income is usually required and they are typically only available to people with a good credit rating. Perhaps therein lies the reason that people like it known that they own a gold or platinum card. In most cases the interest rates do not differ greatly from regular cards. These symbol cards usually offer higher cash withdrawal and credit limits than standard cards. Gold or platinum cards also more often than not have other benefits for their holders, which may include travel insurance, purchase protection insurance (PPI), extended warranties for household appliances or special deals on particular products. Some even have loyalty schemes as well with cashback or reward points on offer depending on how much you use your card.