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The platinum rewards credit card is a game-changer for frequent travelers and shoppers. With this card, you can earn points that add up to exclusive benefits.
You can earn 5x points on air travel and hotels, which can be redeemed for flights, hotel stays, and other travel-related expenses.
The card offers a sign-up bonus of 60,000 points after spending $4,000 in the first 3 months. This is a great opportunity to boost your points balance and start redeeming rewards.
Travelers can also enjoy a $200 annual travel credit, which can be used towards flight fees, hotel reservations, and other travel expenses.
Cash Back and Rewards
With a platinum rewards credit card, you can earn cash back rewards on your everyday purchases. You'll get 1% cash back on any purchase, which may not seem like a lot, but it adds up over time.
You can also earn 2% cash back on all groceries and gas purchases, making it a great option for frequent travelers or families with young children. I've seen families save a lot on groceries with this card, especially during holidays and special occasions.
Here are some key cash back rewards features to consider:
- 1% cash back on any purchase
- 2% cash back on all Groceries and Gas
In addition to cash back rewards, some platinum rewards credit cards offer bonus rewards for meeting certain spending requirements. For example, you may earn 10,000 reward points when you spend $2,500 in the first 90 days of account opening.
You can also earn cash back rewards on specific categories, such as streaming services, where you'll earn 2% cash back.
Card Features
The Platinum Rewards Credit Card offers a range of features that make it a great choice for anyone looking to earn rewards and save money.
Low variable interest rates make this card a smart choice for those who want to avoid high interest charges.
With no annual fee, you can enjoy the benefits of this card without breaking the bank.
Automatic enrollment in the Reward Points Program means you'll start earning points right away.
You'll get 10,000 Reward Points when you spend $2,500 in the first 90 days of account opening, which can be redeemed for a variety of rewards.
The card also offers 1.5% Cash Rebate for balances transferred within the first 90 days of account opening.
You can securely make purchases with Mobile Payments, and the card management tools allow you to set card alerts, lock and unlock cards, and more.
Here are some key card features at a glance:
- Low variable interest rates
- No annual fee
- Tap to pay with contactless technology
- Automatic enrollment in Reward Points Program
- 10,000 Reward Points after spending $2,500 in the first 90 days
- 1.5% Cash Rebate for balances transferred within the first 90 days
- Credit Line up to $50,000
- Mobile Payments and card management tools
Rates and Limits
The APR for purchases on a platinum rewards credit card can range from 14.00-28.24%, depending on the credit card issuer. This means that if you're not paying off your balance in full each month, you'll be charged interest on your purchases.
Some platinum rewards credit cards have a promotional 0.00% APR for the first 6 billing cycles, as seen in Example 5. However, after this period, the APR can increase to as high as 15.49% APR thereafter.
If you're looking for a platinum rewards credit card with a low APR, you may want to consider cards with a lower APR range, such as the Delta Community Platinum card, which has an APR range of 14.00-18.00%.
Compare Rates
The APRs for credit cards can vary significantly. The Delta Community Platinum Rewards Card has an APR of 14.00-18.00%.
If you're looking for a credit card with a lower APR, the ACU Visa Platinum Rewards Credit Card offers a 0.00% APR for the first 6 billing cycles, as low as 15.49% APR thereafter.
The APR for balance transfers can also be a factor to consider. The ACU Visa Platinum Rewards Credit Card offers a 0.00% APR for the first 6 billing cycles, then as low as 15.49% APR thereafter.
Here's a comparison of the APRs for various credit cards:
The APR for cash advances can also be a consideration. The ACU Visa Platinum Rewards Credit Card offers a 0.00% APR for the first 6 billing cycles, then as low as 15.49% APR thereafter.
It's worth noting that some credit cards may have a promotional APR for a limited time. For example, the ACU Visa Platinum Rewards Credit Card offers a 0.00% APR for the first 6 billing cycles.
What Have the Highest Limits?
Platinum credit card limits can vary greatly depending on your personal credit factors and creditworthiness.
The credit limit on a platinum credit card can depend on your history of paying debts on time and your credit score.
To get the highest credit limits, you'll want to focus on maintaining a good credit history and a high credit score.
A good credit history and high credit score can open doors to higher credit limits, but it's essential to consider other factors as well.
Here are some platinum credit cards that may offer high credit limits:
Keep in mind that these factors can change over time, so it's crucial to review your credit card terms regularly.
Sources
- https://www.members1st.org/personal/spend/visa-cards/visa-platinum-rewards/
- https://www.deltacommunitycu.com/personal/credit-cards/visa-platinum-rewards-credit-card.html
- https://www.sccu.com/personal/credit-cards/platinum-visa
- https://www.youracu.org/personal-banking/credit-cards/platinum-rewards/
- https://www.sc.com/in/stories/platinum-rewards-credit-card/
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