Once seen as a status symbol, platinum and gold credit cards are now offering consumers more perks than in the past to ensure that people remain interested. With so much choice today, consumers are more interested on finding the best deal than the shiniest card. Typically, the best perk offered by gold or platinum cards is free annual travel insurance, which can prove useful for frequent flyers. It is usually necessary to travel a lot to make the deal worthwhile, so if you are a once-a-year traveller these cards may not be for you.
It is also important to note that the majority of gold cards will also come with a minimum income requirement.
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