Not all credit cards are created equal. There are premium cards that offer various benefits to the holder based on the specific level of premium card held. Usually premium cards are available in silver, gold and platinum. These types of credit card are usually only available to customers with good credit rating and offer several perks to those who have the privilege of owning them.
Platinum cards offer the most perks and features and are only available to those with the highest credit scores and credit rating. These cards may offer perks such as complimentary access to airport lounges, exemption from certain foreign exchange fees, and other types of preferential services such as bonus points and complimentary hotel stays. While these cards offer higher perks and benefits, the rates of interest that they attract and the annual fees are also higher.
Gold and silver cards also come with their fair share of perks and benefits. One of the most popular types of perk available to premium credit card holders are travel rewards. If you are a frequent traveller for example, there may be much to gain from holding a premium card. These cards allow the holders to accumulate points that can be later exchanged or redeemed for a wide range of benefits including discounted air fares, discounted or complimentary hotel accommodation and so on.
It is important to shop around for the right type of premium card for you. While they can offer several benefits, you must do your research to ensure that the benefits offered will outweigh the associated costs. Bear in mind that credit card rates and charges can be substantial if not handled carefully and wisely. At the end of the day, it is up to you to do your research before accepting any type of premium card.