What are gold and platinum visa credit cards?
Answered on Saturday, October 2nd, 2010 by
Amy Miller

Credit card companies and banks reward their loyal customers with updated cards and better interest rates and reward schemes. Gold and platinum visa cards are premium cards that offer much more convenience and benefits to users, than regular credit cards.

If a user wants to apply for platinum or gold credit cards, it comes with an annual fee. Applicants must have nothing less than an impeccable credit history which falls under the excellent credit score category. Also, credit card companies perform a thorough credit check before approving applicants for gold or platinum cards. Gold and platinum credit cards have much bigger credit limit than the regular cards and have easier pay back schemes. The members can benefit from the low interest rates and lesser restriction in billing cycles. Grace period is also generally high, which makes these cards an absolute favorite among business men and small business owners.

Visa Gold and Platinum credit cards offer great rewards schemes giving back reward points for every dollar spent. The reward points earned can be utilized to buy merchandize or can simply be redeemed for cash. These cards offer great discounts for travelers with hotel discounts, car rental discounts and much more. They have very good frequent flyer programs with reward points that can be redeemed for flight tickets. Airlines that have tie-ups with Visa gold and platinum cards combine the credit card reward schemes with their frequent flyer programs which provide double benefits for the card holders. Gold and platinum card holders will also avail special shopping discounts at the participating stores and credit card website that has special shopping area for card holders.

Some platinum cards will have unlimited spending powers, which makes them perfect choice for business men. These cards are available for a high annual fee, but they offer benefits that are worth the annual fee. Unlimited spending power coupled with low interest and stretched payback time makes these cards the ultimate credit cards that are designed to provide maximum user benefits.

Platinum and gold cards are usually offered by credit card companies for their loyal customers, without an annual fee. These cards are great even with an annual fee, so free upgrades to these cards makes it irresistible offer. If the customer holds the visa credit card for a long time, and has an exceptional record with very less number of delayed bill payments, and a very good credit history, then he or she can upgrade to the gold or platinum card without paying money for it.

Other Popular Visa Credit Card FAQs

No, since their deal with Citigroup, Costco now only accepts Visa. You do not need to have their branded Visa, but they will not accept American Express. They will accept any Visa card. The whole debacle was so they could save money on swipe fees and instead they have outraged many customers. It is still […]

Continue »

Yes, you can.  At macys.com you can pay with Macy’s, Macy’s American Express, American Express, Visa, MasterCard, and Discover. They do not accept the following payment options: checks, Google checkout, money orders, PayPal, and no cash on delivery.

Continue »

  1. What is your question?
  2. Please, enter your question and contact information so that we can send our answer to you by e-mail.
  3. (valid email required)
  4. (required)
  5. Captcha

Best Credit Offer
Click the Compare link to compare the checked cards side-by-side at the comparison table.
Consumer Rating: 5 / 5
Copyright © 2001-2016 BestCreditOffers.com All Rights Reserved.

* The BestCreditOffers.com.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com.com website are property of their respective owners.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.