How do I get a gold or platinum credit card?

Gold credit cards and platinum credit cards are supposedly high-level credit cards. What sets apart gold and platinum credit cards from entry-level credit cards are the credit limits and the annual fees. These cards are mostly seen as status symbols because they are more often than not regarded as a reflection of your financial capability and purchasing power.

Platinum and gold credit cards are considered premium cards and are mostly offered to those that are within the above average to high income range and have excellent credit history. These types of card holders are considered valued clients by credit card companies because they have high credit card utilization and they pay off their charges regularly. Platinum and gold credit card holders also enjoy exclusive benefits that are not usually enjoyed by other card holders.

However, the eligibility requirements for platinum and gold credit cards may vary slightly among the different issuing banks and credit card companies. Both types of cards are generally geared for high income earners and those with good credit standing, but recent years have shown that the distinction between premium card holders and average card holders are getting closer and closer. Before applying for a gold or platinum card, you may want to assess first if you really need to upgrade to a premium card.

If you want to upgrade your current credit card to a gold or platinum credit card, you can call your credit card company and inquire about upgrading. You can ask for the minimum requirements for the premium cards and see if you meet these requirements.