Best Credit Cards
Balance Transfer Cards
Reward Credit Cards
Frequent Flyer Cards
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0% Purchase Cards
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Platinum Credit Cards
Debit Cards
Corporate Credit Cards
Small Business CardsYou Deserve Platinum's Prestige
For those who have successfully managed their careers and financial affairs to a high degree, the privilege of carrying a platinum card should not be lost. The benefits and prestige of a platinum credit card should be afforded to those who fit these four standards.
Featured Platinum Credit Card
The American Express Platinum Edge is one of the best platinum card deals in Australia. Not only do you get a complimentary domestic economy return flight every year, you also get to earn rewards up to 3 times faster when you make purchases in major supermarkets.
- 0% p.a. for 6 months (reverts to 20.74%p.a.) on purchases
- $149 annual fee
Featured Prestige Platinum Credit Card
Nothing says prestige quite as The American Express Platinum Card. As a holder of the American Express Platinum Card, you get complimentary access to Ascent Premium Rewards Program - allowing you to earn 1.5 points for every $1 you spend on everyday purchases. No point expiry or capping.
- $900 annual fee
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual Fee | Cash Advance Rate (p.a.) | |||
|---|---|---|---|---|---|---|
 Citibank Rewards Credit Card - Platinum Card | An introductory balance transfer offer with Citibank Reward Points for every $1 spend. | 20.99% | 0.9% for 15 months | $199 | 21.74% |   |
 St.George Platinum Card | A credit card with an exceptionally fee and interest rates with an extensive travel insurance and benefits. | 15.99% | 3.99% for 6 months | $89 | 21.49% | |
 Westpac Earth Platinum Cards | First year annual fee of only $125. Greater introductory point offers and conversion rate than Earth Gold. | 19.99% | 0.99% for 6 months | $250 | 21.49% | |
 CUA Platinum MasterCard | A balance transfer offer with a low annual fee. | 20.24% | 0% for 9 months | $89 for the first year ($179 thereafter ) | 21.24% | |
 Westpac 55 Day Platinum Card | No annual fee for the first year if you spend over $20,000 or more per annum. | 1.9% for 12 months (reverts to 19.59%) | 3.99% for 6 months | $0 annual fee for the first year ($130 thereafter) | 21.49% | |
 Westpac Altitude Platinum Cards | Receive 15,000 points when your card is first used and enjoy lots of Platinum benefits and privileges. | 19.99% | 3.99% for 6 months | $295 | 21.59% | |
- Excellent Credit History
- Significant Salary of $60,000 or More
- Shops Mostly with Plastic for Tax and Accounting Purposes
- Pays Off or Rarely Carries Balances
The Perquisites of Platinum
Exceptional Service.Platinum cards entitle the cardholders to the prestige and services which are unavailable to standard cardholders.
Maximized Insurance Coverage.Platinum cards offer insurance extensions for merchandise, travel, fraud, and identity theft protection. Even life insurance is provided.
Traveler's Assistance.Platinum cards offer currency exchange, travelers cheques, VIP lounges, front-of-line preference, twenty-four-seven concierge service, legal and medical assistance, and other amenities when away from home.
Exceptional Savings.Platinum cards often have very deep discount offers on a wide range of stores, merchandise, and services. For instance, car or limo service and other transportation arrangements are provided at excellent prices.
Stepping Up to Platinum
Once you have arrived and are ready to step up to a platinum card, you will enter a world of luxury along with luxurious savings.
Bonus Points.Since most platinum cards are rewards cards, you will usually find that you will get a large bonus of points toward travel, merchandise, or cashback the first time you use your card.
Balance Transfers.You will be allowed to transfer debts from your other cards onto your new platinum card with little or no transfer fee, and with an interest rate from none to 3% for up to a year.
Reduced Rates.You will also find yourself able to make new purchases at very low introductory interest rates for up to a year.
Annual Fee Forgiven.You will usually find that your annual fee is waived for your first year.
The Features of Platinum
Large Credit Limits.The lowest credit limit on a gold card is usually around $10,000. Once you are established with an issuer and your record remains good, you can often have that ceiling raised. This is a tremendous advantage if you're travelling, spot a bargain, or just want to take a weekend fling.
Interest Free Days.The usually time for interest fee payments is 55 days. This allows plenty of time to pay off a balance so you don't incur any interest charges.
Better Than Excellent Rewards.Every platinum card is valuable in terms of rewards for usage. Points accumulate according to the amount of dollars spent. While regular reward credit cards pay a point per dollar spent, platinum cards often reward two points or more.
Deep Discounts on Goods and Services.Aside from the excellent rewards programmes, you will find yourself eligible for deep discounts from selected merchants, special travel discounts, even terrific petrol or grocery deals.
Platinum Card Benefits
Warranty Extension Programmes.Not many platinum cardholders are aware of this benefit. If you buy merchandise, these programmes add an extra year onto the manufacturer's warranty. They offer protection against breakage and theft, and even buyer's remorse.
Fraud and Identity Theft Protection.Nowadays identity theft is a big concern. As a gold card holder your issuer keeps a special eye on your credit account and its use. It relieves you of liability should your card get stolen. It alerts you when there is unexplained or exceptional usage on your card. It provides you with new cards as soon as possible, usually no more than 24 hours. It can even help you repair identity theft damage.
Platinum Card Travelling Assists
Twenty-Four-Seven Concierge Service.No matter where you are, if you want to know the best place to eat, the nearest tourist attraction, the best place to change currency, a concierge is available to help you. This can be compared to having a seasoned-traveler friend wherever on the globe you may go.
Maximum Travel Insurance.Insurance to cover accidents, medical expenses, lost luggage, and just about any other travel emergency is provided free of charge. Life insurance is usually included as well.
Medical and Legal Contacts.If you find yourself in a precarious situation with the law or due to illness, help is usually just a phone call away.
Access to VIP Travel Lounges.Instead of waiting on hard plastic chairs in the general concourse, avail yourself of VIP lounges while waiting for your flight to leave.
Front-of-Line Access When Flying.With many airlines, frequent fliers using certain cards may be given first-served status.
Platinum Perquisites and Trade-Offs
These cards can carry heavy interest rates and high annual fees. But the rewards and the prestige are excellent. Try to pay the card down monthly to avoid negating the perquisites you enjoy by having one of these cards. Also, be sure you have a card that addresses your spending habits and your lifestyle. Don't throw the perks away. There is no need to have a discount shopping card if you don't like to shop.
Particularly Prestigious
Platinum credit cards are not available to everyone. Not everyone commands a good salary or has a good credit record. The platinum card means you're deserving of a little more attention, a little more care. Your credit card issuer recognizes this and is willing to extend you extra privileges and prestige. You have arrived.
