Platinum credit card: What is it?

The Platinum credit card, also known as a platinum credit card, catches the eye with its appearance. This is of course no coincidence

Platinum credit card – what’s behind it

The name Platinum already gives the credit card a touch of luxury. After all, platinum is extremely rare and therefore more valuable than gold. Accordingly, the Platinum credit card is one of the so-called premium credit cards and is not easy to obtain.

• The Platinum credit card not only requires certain conditions, it is also not cheap. In return, the Platinum credit card offers a number of conveniences, looks very classy and resembles a status symbol

• As with many other status symbols, you need a well-filled account if you want a platinum credit card. In addition, your financial institution expects not only a good Schufa rating, but a particularly good assessment. A long-standing good business relationship with the financial institution is also welcome. If you meet these criteria, there’s a good chance you’ll soon have a Platinum credit card too.

• The fun is not cheap, however, with the fee varying greatly depending on the financial institution and the service offered. On average, you can expect to pay an annual fee of around 400 euros.

• The Platinum credit card offers a number of privileges, such as the concierge service. This is a kind of personal assistant who is available to you around the clock. They book flights and hotel rooms for you and can even take care of all your travel arrangements if you wish. If you still need tickets for opera or concerts that are officially sold out, as a Platinum credit card holder you can often still get the coveted seats.

• Of course, the Platinum card also offers other benefits, such as a large credit limit, a high cash limit and a special insurance package. And not to forget: you enjoy a certain VIP status. With the Platinum credit card, you will be just as welcome in an exclusive golf club as you are in a trendy club

Credit cards – these are available

The credit cards can be divided into four classes, with the Platinum credit card at the top. However, the Platinum card does not take first place.

• The platinum credit card takes second place ahead of the gold credit card in terms of exclusivity. For normal people, it’s actually in first place. If you have a few million in your account, you may receive a black credit card.

• The black credit card is so exclusive that, unlike the other credit cards, you cannot apply for it. In this case, your financial institution will approach you and offer you the luxury credit card

• While the black credit card is at the top of the list, the standard credit card for everyone is at the bottom. However, it is usually free of charge. It is followed by the gold credit card, which has a few more advantages, but you also have to pay an annual fee and have a corresponding income. The Platinum credit card takes second place in the ranking and is suitable for more discerning customers.