In Order To Qualify For A Platinum Credit Card, What Are The Requirements?

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Various benefits and privileges of this type of credit card are dining, shopping, travel, and accommodation offers and discounts. In addition to complimentary fuel surcharge waivers, bonus points, and other benefits, platinum credit card holders may also receive additional benefits. The Platinum credit cards come in several categories to select the right one for you.  

How do its features benefit you? 

Among all the premium credit cards offered by companies, a Platinum credit card is the best. Almost all Indian banks and financial institutions offer these types of credit cards. The rewards and benefits offered by credit cards enhance the customer experience in a variety of ways. A platinum card may include the following features:

  • When you purchase the platinum credit card, you receive credits. Credits like these are sometimes referred to as welcome credits. Purchases of any kind can be made with them. Moreover, shopping credits are provided, which can be redeemed at partner outlets. In addition, some airlines also offer annual travel credits that can be redeemed with certain credit cards.
  • Credit cards with platinum status do not have a spending limit.
  • Cardholders have complimentary access to airport lounges.
  • The wellness, food, and shopping services you receive are special, ‘platinum experiences.’
  • Cashback and discounts are exclusive to you.

The platinum credit cards in India offer many possibilities depending on your use. It is important to remember that a  platinum credit card has a higher annual fee, but the perks make up for it. Nevertheless, if it seems too steep for you, don’t worry! It is possible to choose a credit card that fits your budget and caters to your needs on the market.

Each time you register for a credit card, you lower your credit score, so it’s important to remember when you’re building credit. In addition to helping those with good credit build credit more quickly, platinum cards offer other benefits. Your possibility of being approved for other types of loans and services will improve the more platinum cards you have. As compared to other types of credit cards, platinum cards are less risky for the following reasons:

  • Lower interest rates
  • Credit with a higher limit
  • There is no annual fee
  • Travel and luxury goods can be redeemed with platinum points.

There are many benefits associated with a platinum credit card compared to other types. 

It provides rewards to help you save money on everyday purchases and is only available to people with excellent credit. This card has no annual fee, unlike a traditional credit card. In addition, it offers many smart features, such as cashback and free access to airport lounges. Travel and purchase protection are even available on some platinum cards.

Credit cards with platinum status come with many benefits, but their greatest advantage is the absence of annual fees. Additionally, they offer excellent rewards for purchases and travel. Whether you’re shopping for fuel or Amazon Prime deliveries, you’ll earn a point for each dollar spent with a  platinum credit card. In addition to earning more points when you fly or stay in hotels, you’ll also earn more points for your travel expenses. With these cards, you get better rewards than most other cards, and there are no annual fees.

The Bajaj Finserv RBL Bank SuperCard comes with many benefits that you’re sure to enjoy: 

  • No fee in the first year (Rs. 999)
  • With every rupee you spend, you earn rewards you can redeem later (1 reward point per 100 Rs). For online purchases, you earn 2x reward points.
  • Up to two complimentary visits a year to an airport lounge
  • With the SuperCard, you can get 1+1 movie tickets from BookMyShow
  • Waives up to Rs. 100 per month in fuel surcharges
  • For up to 50 straight days, there will be no interest on cash withdrawals!
  • It is also possible to convert your purchases into an EMI without hassle.
  • The annual fee worth Rs. 999 (starting in the second month) will be waived when you spend up to Rs. 50,000 per year on this card
  • Payments can be made using contactless technology! Your payment can be made with just one tap.

Read also: Tips for Maintaining a Healthy Credit Card Status

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