This article tells you about Platinum Credit Card Applications. Credit card companies promise to provide many special services and use promotional schemes to attract customers to opt for their credit card. Premium credit card applications are sent to potential customers who have a very good credit score. Credit card companies have a list of people who are regular in their payment and have a good and clean payment records. These are people who are less likely to prove as risk to the company.
The benefit of a premium credit card is that most companies do not charge any annual fees on the credit card. They also offer facilities of online services such as bill payment, customer care and access to account information. They may also offer no interest for the first few billing cycles to encourage balance transfer from other credit cards.
Platinum credit card applications are sent out with all the offers listed on them, some of which seem very lucrative. Most credit card companies provide free insurance to their customers such as collision coverage or accidental death indemnity. As there is a chance of someone else using a customer’s lost credit card, they offer fraud and security protection services to these high value customers. This is especially important, as the credit limit provided to these customers is quite high. If a customer becomes a victim of identity theft, he or she stands to lose a lot of money if proper measures are not in place.
Premium credit card applications can also be filled online through the credit card company’s website. Once the application is processed favorably, the platinum card is sent to the customer, which he or she can use to make purchases or cash withdrawals. The credit card company consequently sends a bill to the cardholder for the amount spent, which he or she can pay immediately or in installments.
However, receiving a premium credit card application does not oblige the customer to apply for the card. They can choose to ignore the application if they feel they do not need the card.
The process to apply for a credit card is simpler today than ever before. Further, as many service providers accept credit cards as a payment mode, they are looked upon as tools of convenience. However, for people who have a bad credit history, it is not easy to successfully apply for a credit card. Even if they do get approved for receiving a credit card, they usually get this at a very high interest rate due to their high-risk status. Secured credit cards are a great option for such people who wish to have a credit card and want to repair their credit scores.
A secured card is a card issued by a credit card company in exchange for a cash collateral deposit, which is treated as a credit line for that account. The limit for the credit card is same as the amount deposited by the customer with the credit card company. Most companies allow customers to deposit more in order to increase the limits on their credit cards.