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Sunday, December 28, 2008

The Supremacy of the Platinum Credit Cards

By Gray Rollins

Platinum credit cards offer more benefits and purchasing power than the Gold or Standard credit cards. The status associated with Platinum credit cards is one of the reasons people prefer this card. In today's society where image is so important, possessing a platinum credit card says you are a successful person. This card is for those with a high income and excellent credit rating.

Among the platinum credit cards in the circulation, the American Express Platinum card is simply the best card of all with worldwide acceptance. It offers the greatest benefits a credit card can serve. If your credit score or credit history is good enough, you can even reach the credit limit of up to $100,000. This card may seem to be high in value, but you will eventually earn in return this value because, as long as you maintain a good credit score, you can earn 1.5 reward points for each of your purchases.

MasterCard Platinum credit card is another card that is accepted worldwide and offers reasonable interest rates for purchases. The MasterCard credit card company only requires prompt payments to maintain the reasonable percentage rate.

This platinum credit card is perfect for individual who are earning high income to afford the monthly payment of the balance due each month. Paying only the minimum of the outstanding balance of failure to pay on time will cause the interest rate to go up to 35%.

The Discover More Platinum credit card is another card that offers convenience through its high spending limits, zero annual fees, attractive introductory APR for purchases and balance transfers for 12 months, and some more rebates on purchases and cash back bonuses. Credit history and details can be accessed through online account access.

Platinum card suits people with high income and financial capacity. Individuals who are qualified to avail credit cards would prefer the Platinum credit cards rather than the silver or gold credit cards. This is because Platinum credit cards can provide many services such as concierge services, travel services, and other important and essential VIP services as demanded by the professional cardholders.

Platinum credit cards are available for businesses. They have several options that are standard with the card so you can save money when shopping for your business as well. The membership rewards are similar to the regular credit card for personal use. There are companies that are affiliated with the credit card company so you can save from 3 to 25% on purchases you make with these companies. Some of the platinum credit cards for business offer a 0% APR for the first year and there are some with no annual fee.

Platinum credit shopping cards are also available in any credit card company. This card is not like the regular credit card that can be used for any type of services; this is just meant for shopping. Purchases made through this card will also be reported and posted in your credit history and payments made will also be reflected to the credit score.

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