Many banks also include les within their range of financial products premium credit cards. These are credit cards issued under special conditions and aimed at a specific customer segment. Generally, this product is offered to customers who have rather high income and spending requirements and allow access to reserved programs and exclusive benefits.
There are premium credit cards that belong to everyone international payment circuits best known. Even if each product has characteristics that make it unique, by comparing the cards it is possible to identify common points that are good to know when evaluating the convenience of this type of credit card.
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How premium credit cards work
Premium credit cards work very similar to a normal credit card. In addition, they allow the person who owns them to access gods reserved services and exclusive programs offered by the issuing bank.
In some cases, premium credit cards leave the holder the option of choosing whether to reimburse the final costs or to pay the costs in installments, with an advantageous interest rate. Often also i card management costs are lower, providing, for example, lower commissions for cash withdrawals made in Italy or abroad.
What makes the difference between a standard card and a premium card is the set of services you have access to. In general, premium cards are the ideal choice for people who travel frequently for personal or professional reasons. Using your credit card you can take advantage of discounts and promotions on restaurants, hotels and car rental services, for example, and free access to thousands of airport lounges around the world.
Each premium card issuer establishes the requirements that must be respected in order to be able to request one. Usually those who can apply:
- is of age;
- is resident in Italy;
- has an annual income above a certain threshold. The minimum income required varies according to the type of card and the level of services: American Express, for example, requires an income of at least 25,000 euros gross per year for its Gold card and at least 45,000 euros gross per year for its Platinum card.
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What distinguishes a premium credit card from a standard one
Anyone who subscribes to a premium credit card has gods spending limits higher and can access many different services. Almost all banks have set up a loyalty program which recognizes customers with reserved prizes and benefits that can be redeemed based on the level of spending achieved. In addition, they allow you to obtain discounts and promotions from partner companies.
Premium credit cards also include a insurance coverage which protects the owner against various types of risk. The policy includes both cover for purchases made with the card and travel insurance.
Unlike those with a standard card, holders of a premium card can attend concerts, film screenings and events on favorable terms and often also have access to a sconcierge service.
In addition to the service plan, a credit card and a premium card also differ in terms of costs. Premium cards are usually issued for a fee annual fee quite high. However, there are some issuing banks that offer the card free of charge for the first year or allow the fee to be reduced or canceled if a certain spending threshold is reached.
Find out which are the best credit cards of the period
When is a premium credit card worth it?
To evaluate the convenience of a premium credit card, it is necessary to verify that you make sufficient use of the services to which the card gives access. For frequent travelers it is certainly advantageous to be able to enter airport lounges for free and save on hotel and restaurant costs.
using a credit card comparator you can make a quick comparison between the financial products offered by the banks and find the best solution. By comparing the annual fee, the services included and the other economic conditions, it is possible to identify the most convenient premium credit card and proceed with the activation directly online.
