It seems that each credit card company has their cards divided into these types or classifications. What do they mean? How is Silver different from Gold, Platinum or Titanium? Are they just names, or is their more to it? Are there industry standards that determine what will be a Gold Card and what will be a Platinum Card? Do these classifications refer to different incentive plans like sky-miles or bonus-points? Are they divided based on use like personal, business, travel, etc.? Do they classify them by what credit scores qualify? Is it just a prestige thing?
Help me out, I'm lost.
2007-08-07 08:31:58 · 5 answers · asked by atomzer0 6 in Business & Finance ➔ Credit
For the most part, its marketing.
Each card will be a little different, they may have different perks or credit limits, and a different picture on the front of the card.
However, the "highest" card is often not the best card for you. For example, the highest card may have more perks, but a higher annual fee. If you don't use the perks, it's a ripoff.
When comparing credit cards, the card terms and benefits are all that matter. If you want a gold card, get yourself a paint marker.
-->Adam
2007-08-07 08:37:30 · answer #1 · answered by great_and_mighty_adam_levine 4 · 2⤊ 2⤋
Platinum Titanium
2016-12-18 14:03:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Gold, Platinum and Titanium is elite class i have a Platinum card but with a crappy limit of 900$ Rate of 0.0%(if payed in full with in 25days) but i have no credit history that is why
2016-03-12 21:14:59 · answer #3 · answered by ? 4 · 0⤊ 0⤋
They are just names.
Generally, silver < gold < platinum < titanium, and each level caters towards a different group...however, there are no general rules about what credit limits can be applied to what cards and who can get them and such. They are just names that the credit card companies came up with, and each company does it their own way.
The pre-selected offers you get in the mail often tout how respectable you will be with a 'platinum' card or with one of their eye-catching designs. It means nothing. Credit is credit and what really matters are the terms of the agreement you enter into with the company and how useful the card will be to you.
Caviat: There are a few very 'elite' types of cards that are only offered to incredibly high-profile customers. These cards have their own names too...I think the latest is the american express titanium. But still, the name itself means nothing - it's just what the company decided to call it.
2007-08-07 08:37:39 · answer #4 · answered by Aaron W. 2 · 1⤊ 2⤋
It typically applies to the credit limit which the bank sets based on your credit score and your payment history reported to the credit bureaus - TransUnion, Experian etc.
I suppose for some ppl it's a prestige thing having a platinum card or whatever. From my point of view, it's a stupidity factor. If you're not really disciplined you'll be in trouble in a hurry.
2007-08-07 08:44:44 · answer #5 · answered by mikey 6 · 2⤊ 3⤋
Platinum!
The stripe on the back of your card usually says how good your credit is..
there is red,gold,silver,black
silver being the highest
red meaning the lowest
2007-08-07 08:40:20 · answer #6 · answered by Anonymous · 0⤊ 2⤋
IT DOESN'T MATTER AND THERE IS NO DIFFERENCE INPLATINUM OR TITANIUM OR GOLD OR SILVER,IT DEPENDS ON U HOW U USE AND REPAY THE CARD.
2015-11-06 17:47:23 · answer #7 · answered by Arun 1 · 0⤊ 0⤋
black credit cards! oh yeah unlimeted!
2007-08-07 08:34:21 · answer #8 · answered by Anonymous · 0⤊ 1⤋
They are all scams...
2007-08-07 08:33:59 · answer #9 · answered by Jamie G 5 · 1⤊ 9⤋