What Are The Differences between Silver, Gold And Platinum reputation Cards?

Status: production others envious

Undoubtedly, Silver reputation cards, gold reputation cards, and above all Platinum reputation Cards give an idea of status to the cardholder much like a luxurious car, a yacht, costly clothing, jewels and other onerous possessions.

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There is nothing wrong with that, but one may wonder if that is sufficient intuit for requesting a financial product or paying substantially more money for it. If there is no other beneficial feature, or as we want to point out in this article, there is a tendency to reduce the differences as to real financial advantages in the middle of these products, we see no intuit to pay immoderate issuing costs and maintenance fees just because of the color or material of a reputation card.

Credit Limit

At the starting of the reputation cards' story, the main disagreement in the middle of these reputation cards was that the whole of money you could spend with them differed substantially. Platinum reputation Cards had a reputation limit much like a first-rate reputation card, gold reputation cards had higher limits and Platinum reputation Cards claimed to have no limits at all (we say claim because there was not and there isn't such thing as no limits. However, to be honest the reputation limit is high sufficient to reconsider that claim to be true.).

However, lately the limits of platinum cards and gold cards have come close sufficient to judge the disagreement insignificant. Thus, it seems to be no intuit to pay the higher charges of gold cards if that is the only disagreement in the middle of them. Moreover, as both limits are addition and reaching important amounts, platinum reputation cards and their no limit feature begins to be less appealing.

Income implications

Since there were earnings requirements to qualify for these reputation cards, being a cardholder of a silver reputation card meant you had inevitable income, being a gold reputation card owner meant your earnings was higher and so on. This could be an easy way for others to know how much you made without you talking about it. Store Card accounts could be opened without reputation checks, etc.

However, the qualification requirements' differences have also been reduced and even platinum reputation cards which where a type of reputation card that could be obtained by invitation only are now offered to anything who can qualify for it and qualifying is not that harder than qualifying for a gold reputation card.

Membership Fees

The only gigantic disagreement in the middle of these reputation cards seem to be the membership fees, renovation fees, issuing fees, etc. Thus, as stated above, it seems as you are paying higher amounts just to make it clear that you can pay higher amounts. The benefits of having a higher grade reputation card seemed to have banished and thus it might be advisable to think twice before accepting an offer from a bank that includes this kind of cards.

What Are The Differences between Silver, Gold And Platinum reputation Cards?