Gold passe, platinum credit cards in for banks

Till a few months back banks like Citigroup, Deutsche Bank and American Express were offering high-end credit cards under the "platinum" and "signature" series, but today nearly all major players are offering such instruments that come with larger credit limits as compared to the lower-end silver and gold cards.Typically, silver and gold cards offer credit limits of Rs 20,000-60,000, whereas the cap on platinum and signature cards goes into lakhs. American Express India Vice President (Engagement Brand and Lending) Amit Dutta said the bank was targeting high-value customers for its platinum cards.