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Credit cards have no inherent value, and the titles ascribed to them (Green, Gold, Platinum, Infinite) are vague representations on the credit limit, rewards, and perceived status offered to the card holder.

A Platinum credit card will generally be regarded as a step up in buying power from a Gold card; but this may depend on the definitions and prestige of the credit card companies themselves.

An American Express Gold Card may be perceived to hold higher prestige than a MasterCard Platinum, while a Visa Infinite card may be perceived to trump an American Express Gold Card.

All credit card companies require certain requirements to be met before obtaining premium cards, however these requirements vary between companies.

It is important to note that premium credit cards harbour the risk of significant debt, and the person beside you flashing their American Express Infinity card may be secretly coveting your plain old Visa card.

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14y ago

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