What is the difference between a gold credit card and a platinum credit card?

Platinum credit cards are one level higher than gold cards. Their application conditions, credit limit, annual fee rules and exclusive rights and interests are different. The specific circumstances will vary depending on the bank that opens the card. There are differences, and the details should be subject to the information published by the bank.

The general differences between credit card gold cards and platinum cards are as follows:

1. Application conditions: Compared with gold cards, the application threshold for platinum credit cards is much higher. Usually, to apply for platinum cards The card adopts a recommendation system and an invitation system. Only when certain conditions are met, such as a personal annual income of more than 100,000, the bank will actively invite users to apply.

2. Credit limit: The credit limit of most gold cards is around 50,000, while the credit limit of platinum cards is more than 100,000 or even higher. Since each bank has different risk control assessment systems and main business models, even if you apply for a platinum card, you will get different credit limits.

3. Annual fee rules: Gold cards can generally reduce the annual fee based on the number of purchases. Platinum cards generally do not have annual fee reduction discounts, and the annual fee is rigidly charged, and the charging standards are relatively high.

4. Different benefits: The benefits of Gold Card are equivalent to those of ordinary Cards, while Platinum Card has more benefits, and most of them are VIP treatment.

What are the differences between credit card gold card and platinum card?

Credit card levels are generally divided into regular card, gold card, platinum card and unlimited card. The application conditions for different card levels are different. , with different credit limits, the benefits enjoyed are also different. So, do you know the difference between a gold credit card and a platinum credit card?

First of all, there is a difference in the credit limit between gold card and platinum card. The credit limit of gold card is generally 10,000 yuan to 50,000 yuan, while the credit limit of platinum card is 100,000 or even 500,000 yuan.

The second is the difference in the preferential activities. The gold card can enjoy more preferential rights than the ordinary card, such as overseas emergency rescue, high-value travel insurance, free roadside assistance, etc., to provide continuous More distinguished service for cardholders.

The platinum card also provides higher-end services and benefits than the gold card. It generally adopts a membership system, has a customer service hotline service and highly respected value-added services. Usually there are global airport VIP room privileges, personal annual consumption analysis reports, high-value traffic insurance, global emergency support services (GCAS), 24-hour global exclusive platinum dedicated phone service and other service functions.

That’s all about the difference between credit card gold card and platinum card. I hope it will be useful to you. Introduction,

You can apply for various credit cards safely and quickly.

What is the difference between Platinum Card and ordinary credit card?

The differences are as follows:

1. Different application conditions

The threshold for ordinary cards is lower. If the applicant is over 18 years old, has a stable job and income, and has good personal credit, the application can be successful;

Banks will actively invite qualified customers to apply for platinum cards. Generally, the application standards for platinum credit cards of banks are annual salary. Proof of financial resources of more than 100,000 yuan or more than 500,000 yuan can be applied for.

2. Credit card limits are different

The limit for regular cards is generally 3,000 yuan to 10,000 yuan;

The limit for platinum cards is 100,000 or even 500,000 yuan.

3. Annual fees are different

Public cards will be exempted from annual fees after a certain number of purchases within the year;

However, Platinum cards are generally not exempt from annual fees, and annual fees are not waived. Fees are usually higher.

4. Different rights and interests

The ordinary card has relatively few rights, while the rights of the platinum card are generally very rich. You can enjoy VIP services in many places, and the platinum credit card has many preferential activities. The discounts are also larger than ordinary credit cards.

Warm reminder, use your credit card rationally and never overdue it, otherwise the consequences will be serious.

Consequences of overdue payment:

1. Liquidated damages are incurred, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Closing your credit card account is something you must do if you no longer intend to use your credit card. If you do not cancel your account, the bank will charge the credit card's annual fee.

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first and go to the bank to cancel the account after a certain number of days; if the card has expired and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. Account procedures. When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

If your card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days) . This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder will have already canceled the account before the merchant has submitted the card pressing form to the bank for entry into the account, and the bank will not be liquidated normally; On the other hand, if the cardholder spends money or withdraws cash overseas, it may take a few days to settle the account. If the account is closed immediately, it will also affect the bank's normal liquidation.

Analysis of the five major differences between credit card gold cards and platinum cards

Generally when applying for a credit card, cardholders will encounter card level options. Different card levels, the bank’s requirements for applicants The requirements will be different, and the approved credit card limit will also be different. What is the difference between credit card gold card and platinum card? Let me tell you.

1. Differences in application conditions

Generally speaking, banks will approve gold cards for high-quality customers. In addition to meeting the basic requirements for applying for a credit card, people with an annual income of more than 400,000 yuan are more likely to be approved for a gold card.

Platinum card is a credit card issued by the card issuer to distinguish it from gold card customers, and provides higher-end services and benefits than gold card. Usually, banks will actively invite qualified customers to apply for platinum cards. Platinum card customers You can enjoy platinum customer service hotline service and distinguished value-added services. Generally, the application criteria for platinum credit cards of banks are an annual salary of more than 100,000 yuan or proof of financial resources of more than 500,000 yuan.

2. The difference in credit limit

The credit card limit refers to the maximum amount of overdraft that can be approved by the bank based on the asset status and credit status of the cardholder. The higher the limit, the more money you can overdraw, and of course, the greater the repayment pressure.

The limit of a gold credit card is generally between 10,000 yuan and 50,000 yuan; that of a platinum card is around 100,000, or even as high as 500,000.

3. The difference in annual fees

The annual fee of the credit card gold card will be lower than that of the platinum card, and the annual fee-free discount standard gold card will be lower than the platinum card. And there are many banks that do not offer discounts on the annual fee for platinum cards.

4. Differences in credit card discounts

Because the card levels are different, the discounts enjoyed are also different. Generally, platinum cards can enjoy higher discounts at preferential merchants and redeem points for gifts, while gold cards can enjoy slightly lower discounts, and platinum cards can enjoy many value-added services provided by banks. For example: airport VIP lounges, free golf, skipping the queue at the bank, etc.

5. Differences in card loss protection

In general, the biggest difference between gold card and platinum card lies in the limit and rights enjoyed. When applying for a credit card, you must consider your financial strength and consumption needs, and choose a card that suits you, rather than blindly pursuing the level of the card. Credit card application portal

What is the difference between platinum credit card and gold credit card?

There are many differences. In terms of application conditions, the gold card is mainly for high-quality people, while the platinum card is only open to high-end users. As for the credit limit, the credit limit of most gold cards is around 50,000, while the credit limit of platinum cards is more than 100,000. The credit limit of Minsheng Bank's Diamond Platinum Card is even as high as 3 million. Exclusive rights and interests. Due to different credit card levels, cardholders enjoy different rights and interests.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only. Starting from January 1, 2021, credit card overdraft interest rates will be determined independently by card issuers and cardholders through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. 0.7 times).

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature. After the applicant successfully applies for a credit card, the card-issuing bank will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

The difference between platinum card and gold card

The main differences between credit card platinum card and gold card are as follows:

1. The limit is different, gold card The limit is low, and the platinum card has a high limit.

2. The annual fees are different. The gold card is exempt from the annual fee as many times as the number of swipes, while the platinum card mostly has a rigid annual fee that must be paid.

3. The rights are different. Gold cards mostly have no rights, while platinum cards have free VIP lounge pick-up and drop-off and other rights.

4. The thresholds are different. There is basically no threshold for the gold card. You can apply if you have a job. The platinum card has requirements for work, income, and assets, and the approval is stricter.

5. Points have different values. Most gold card points can be exchanged for some pots and pans. Most platinum card points can be exchanged for airline miles. Miles can be used to fly for free. If used well, the value will be very high. !

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit limit.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

It is said that one day in the 1950s, American businessman Frank McNamara was entertaining guests for a meal in a New York hotel. After the meal, he found that he had forgotten his wallet and had to call his wife to bring cash. McNamara came up with the idea of ??starting a credit card company because he felt embarrassed about paying the bill at a restaurant. In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York, the predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases at 27 designated restaurants without having to pay cash. This is the earliest credit card. This kind of credit card that does not require bank processing is a commercial credit card.

In 1952, Franklin National Bank in California, USA, was the first financial institution to issue a bank credit card, becoming the first bank to issue a credit card.

In 1959, Bank of America issued the Bank of America card in California. Since then, many banks have joined the ranks of card-issuing banks.

By the 1960s, bank credit cards were quickly welcomed by all walks of life and developed rapidly. Credit cards became popular not only in the United States, but also in the United Kingdom, Japan, Canada and European countries. Since the 1970s, Hong Kong, Taiwan, Singapore, Malaysia and other regions have also begun to handle credit card services.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world. In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

After experiencing the financial crisis and the ups and downs of the domestic economy, my country's credit card market rebounded in 2016. By the end of 2016, the total number of domestic credit cards issued had exceeded 590 million. In 2016, the national credit card consumption transaction amount reached 741.81 trillion, an increase of 10.75%, and the proportion of credit card consumption in the total retail sales of consumer goods continues to increase. [6-7]

According to the "2013-2017 China Credit Card Industry In-depth Research and Investment Strategic Planning Analysis Report", since 2010, in order to restrain the rapid rise in asset prices and control inflation, the Chinese government has implemented It has implemented a sound monetary policy and adopted a series of moderate tightening measures, indicating that macro-prudential and strengthened capital supervision have become the core of China's banking industry supervision. Various tightening money supply operations and capital constraint policies have an impact on the liquidity levels and capital constraints of China's commercial banks. The pace and structure of credit disbursement have had far-reaching consequences. The analysis believes that the evolution of the industry structure has further optimized and diversified the product portfolio, and also increased the research and development of new industry standards and mobile payments; credit penetration has deepened; and the installment business has developed in depth.

In February 2012, the bank confirmed that credit cards without passwords are more secure, and they will share the responsibility if the credit card is stolen. Enjoy an interest-free period of 25-56 days (or 20-50 days). Card consumption enjoys an interest-free period, and there will be no fees if you pay off the bill before the due date. There is no interest-free repayment period for cash withdrawals. A daily interest rate of 0.05% will be charged from the day of withdrawal, and the bank will also charge a certain percentage of cash withdrawal fees.

China’s credit card market is still one of the fastest-growing product lines in China’s personal financial services market. Although the economic benefits of the industry are full of challenges, driven by economies of scale and growth in consumer spending, China’s credit card market will continue to grow in the next 10 years. The average annual growth rate of credit card issuance will remain at around 14%, and profitability will also tend to improve. It is expected that by 2020, the cumulative number of credit cards issued in China will exceed 800 million.

This ends the introduction to the comparison of credit card platinum cards and better platinum credit cards. I wonder if you found the information you need?