New South Wales Platinum Credit Cards

Related Categories: Credit Cards, 0% Balance Transfer Credit Cards, 0% Purchase Credit Cards, Balance Tranfer Credit Cards, Business Credit Cards, Frequent Flyer Credit Cards, Gold Credit Cards, Low Interest Credit Cards, No Annual Fee Credit Cards, Rewards Credit Cards

Platinum Credit Cards

When it comes to credit cards, the three levels are generally considered to be standard, gold and platinum. For many years, credit card companies Australians have trusted over the years have created different levels of credit cards as a reward to those with excellent credit ratings.

The platinum credit card Australians enjoy using is considered the best of the three types of cards that are available. But what is a platinum credit card and does it really live up to its promise of being the best that you can find?

What is a Platinum Credit Card?

This type of card is considered the highest level of credit card available. It is for those who have demonstrated excellent credit over a pre-set period of time and in some cases have stepped up from using gold cards. The only real requirements for most platinum cards is that you must be 21 or older, earn a significant income and have an excellent credit rating.

As with gold cards, platinum cards do vary in terms of their credit limit, interest rates and rewards depending on the company that issues the card. However, there are certain standards that all platinum cards offer which means that there are benefits and potential pitfalls for using this type of card for your purchases.

Advantages and Disadvantages of Platinum Credit Cards

Lower Interest Rate: Certainly one of the biggest advantages of having a platinum card is that the interest rate is significant lower than a gold or standard credit card. Because the card holder has proven their worth in terms of keeping good credit, they are rewarded with a lower interest rate.

Higher Credit Limit: Many platinum cards have credit limits in the tens of thousands of dollars which means that a major purchase such as a vehicle might be made when using the card. This is an option when comparing rates between the card and standard auto loans. However, the higher credit limit can be used for all types of purchases.

Greater Rewards Package: Another incentive that credit card companies’ use is having better rewards packages for customers who have a platinum credit card. The rewards can be for frequent flyer miles, or discounts on products as well as other types of rewards that are frequently found on credit cards. These are more incentives to help entice people to get a platinum credit card, but there are some real advantages.

In addition, there are often extended warranties and buyer protection at higher levels than can be found with standard or gold credit cards.

As for the disadvantages, there are really none outside the scope of the cards themselves. A person will have to keep their credit score high and use the platinum card wisely in order to maintain the lower interest rate. Essentially, if they stay within their budget and pay off the balances quickly they will maintain the status of their card.

Overall, a platinum credit card Australians use on a daily basis offers numerous rewards and benefits that make them well worth qualifying for and receiving.

Search within these results:

Results

Macquarie Bank

50 Martin Place
Sydney, New South Wales 2000
Australia

Macquarie Bank Limited is the largest investment bank in Australia, and also one of the top merger and acquisition advisers in the country.

G&C Mutual Bank

201 Elizabeth Street
Level 25
Sydney, New South Wales 2000
Australia

G&C Mutual Bank (SGE Mutual Limited) offers Home Loans, Personal Loans, Credit Cards, Insurance and more peronal finance products.

Bank of Sydney Ltd

219-223 Castlereagh St
Sydney, New South Wales 2000
Australia

Bank of Sydney offers a wide range of general banking products and services and pouts great emphasis on providing products that are customized to meet

Citigroup Pty Limited

2 Park Street
Citigroup Centre
Sydney, New South Wales 2000
Australia

Global Consumer Group – This group consist of Citibank and Diners Club brands combined offering consumer banking services, including transaction and

HSBC Bank Australia Limited

580 George Street
Level 32,
Sydney, New South Wales 2000
Australia

HSBC Bank Australia Limited, previously known as Hong Kong Bank of Australia Limited, got its license in 1986. But, it has been established way before

Rabobank Australia Limited

201 Sussex Street
Darling Park Tower 3 Level 13
Sydney, New South Wales 2000
Australia

Rabobank Australia is Australia’s largest rural lenders and plays an important role in corporate financial services to the food and agribusiness

Agricultural Bank of China Limited

2 Chifley Square
Sydney, New South Wales 2000
Australia

Agricultural Bank of China Sydney Branch got its license to carry out banking business from the Australian Prudential Regulation Authority on 25th

Citibank Australia

455 George Street
Queen Victoria Building
Sydney, New South Wales 2000
Australia

Citibank is the largest issuer of credit cards in the world, but offers a number of other services to their customers, including saving accounts, term

HSBC

Level 32, 580 George Street
Sydney, New South Wales 2000
Australia

The Hongkong and Shanghai Banking Corporation Limited is a Hong Kong based Company established in 1865. It is the founding member of the HSBC Group.

Community Alliance Credit Union

38-40 Young Street
Wollongong, New South Wales 2500
Australia

Based in Wollongong, Australia, Community Alliance Credit Union Limited was incorporated in 1972.In 2003; Community Alliance Credit Union was formed

Featured Listings

  • Clever Fitness Finance

    B6, 66 Kennedy Drive
    Cambridge, Tasmania 7170
    Australia

    Clever Fitness offers fitness equipment finance Australia

  • Defence Bank Limited

    Level 5, 31 Queen St
    Melbourne, Victoria 3000
    Australia

    Defence Bank Limited started operations in 1975 as Defence

  • Police Bank Australia

    25 Pelican Street
    Surry Hills, New South Wales 2010
    Australia

    Police Bank loans with flexible terms and fast approvals,

  • BankVic

    121 Cardigan Street
    Carlton, Victoria 3053
    Australia

    Loans are the major offerings made by BankVic that includes

  • P&N Bank

    130 Stirling Street
    Level 7
    Perth, Western Australia 6000
    Australia

    P&N Bank provides financial products and services, including