Gold And Platinum Credit Cards – How To Use Them To Earn More Rewards Points Faster
Click here to read the Citibank Gold Card terms and conditions
Featured Platinum Credit Card Offer
The Suncorp Clear Options Platinum is a unique Platinum credit card, as it incorporate a long-term low interest balance transfer option. The card also features a personal concierge service available 24/7, and a complimentary rewards program with teh ability to earn 2 Qantas Frequent Flyer points per $3 spent.
- $205 annual fee
- 19.99% p.a. on purchases
- 19.99% p.a. on cash advances
- 3.9% p.a. for life on balance transfers
- Minimum income to apply: $50,000 per annum
Click here to read the Suncorp Clear Options Platinum Card terms and conditions
These days, the minimum income requirement is much less than most people think and the fees and charges are now comparable with standard cards. However, it’s the benefits of being able to accumulate rewards faster through the rewards program that can make these cards stand out from the crowd.
How You Can Accumulate Rewards Faster
Most major banks offer gold and platinum credit cards that also offer a rewards program. The difference with these is that customers can accumulate rewards faster by using a gold credit card to earn 1.5 points per $1 spent using the card, while platinum credit card holders can earn 2 points per $1 spend using the card.
This can allow you to earn far more rewards than a standard credit card for spending exactly the same amount of money.
Enhanced Reward Points Earnings
Gold and platinum credit card providers may also offer bonus rewards points when you activate your credit card, or when you use the card first to pay for a purchase.
You’ll also find that premium credit cards will also usually offer the chance to earn further bonus points when you shop with their Bonus Partners, who offer additional reward points for shopping with them.
If you use your credit card to pay for your purchase, you could potentially be earning points twice on the same purchase.
Other Benefits of a Gold or Platinum Card
While the opportunity to accumulate rewards faster is a great incentive, there are other reasons to consider these cards. Cardholders can benefits from extra levels of service that may include a personal concierge service of 24/7 booking service.
You may also receive extra insurance benefits that could include complimentary travel insurance, purchase protection insurance and extended warranty on your purchases.
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