Platinum credit cards are the top tier of credit cards offered by banks and financial institutions. They offer a wide range of benefits and perks designed to give cardholders an exclusive and luxurious experience. In the UAE, many banks offer platinum credit cards to their customers, each with its benefits and perks. This article will look at some of the top benefits of a platinum credit card in the UAE.
Priority Pass Membership
One of the most highly sought-after benefits of a platinum credit card is the Priority Pass membership. This program provides cardholders with access to over 1,200 airport lounges worldwide, regardless of the airline or class of travel. In the UAE, this benefit is particularly valuable as it provides cardholders with access to some of the best airport lounges in the country, such as the Emirates Lounge at Dubai International Airport and the Etihad Premium Lounge at Abu Dhabi International Airport.
Travel Insurance
Another great benefit of a platinum credit card is its travel insurance coverage. This coverage typically includes trip cancellation, interruption, and travel accident insurance. In the UAE, this benefit is particularly useful as it can provide cardholders with peace of mind while they are traveling, knowing they are protected in an emergency.
Concierge Services
Platinum credit cards also offer concierge services to their cardholders. These services include restaurant reservations, event ticketing, and travel arrangements. In the UAE, this benefit is particularly valuable as it can help cardholders make the most of their time in the country by providing access to exclusive experiences and events.
Elite Status with Hotels and Airlines
Many platinum credit cards offer cardholders elite status with hotels and airlines. This includes room upgrades, free breakfast, and priority check-in. In the UAE, this benefit is particularly valuable as it can give cardholders access to some of the best hotels and airlines in the country, such as the Jumeirah Hotels and Resorts and Emirates Airlines.
Rewards and Cashback
Platinum credit cards also offer cardholders rewards and cashback on their purchases. This can include things like cashback on dining and travel, as well as points that can be redeemed for flights, hotel stays, and other experiences. In the UAE, this benefit is particularly valuable as it can help cardholders save money on their purchases while also providing them access to exclusive experiences.
High Credit Limit
Platinum credit cards also have higher credit limits than normal credit cards. This is because they are targeted towards high net worth individuals and thus require a higher credit limit to cater to their lifestyle. This can benefit cardholders as they have more buying power and can make bigger purchases.
Exclusive Offers and Discounts
Platinum credit cards also offer exclusive offers and discounts to their cardholders. This includes discounts on luxury brands, dining, and travel. In the UAE, this benefit is particularly valuable as it can give cardholders access to some of the best experiences and brands in the country at a discounted price.
Who should get a Platinum Card?
Platinum credit cards are designed for high net-worth individuals and are targeted towards those who are looking for a luxurious and exclusive experience. They are ideal for individuals who:
- Travel frequently: The priority pass membership and travel insurance benefits of a platinum credit card make it a great option for those who travel frequently.
- Appreciate luxury: The concierge services, elite status with hotels and airlines, and exclusive offers and discounts offered by platinum credit cards make it a great option for those who appreciate luxury and exclusivity.
- Have a high credit score: Platinum credit cards typically have higher credit limits and are intended for those with a good credit score.
- Spend a lot on their credit card: The rewards and cashback program offered by platinum credit cards can be beneficial for those who spend a lot on their credit card.
What are the eligibility criteria for Platinum Card?
To meet the eligibility criteria for a platinum credit card, individuals typically need to meet the following criteria:
- High Income: Platinum credit cards are intended for high net-worth individuals and typically require a high annual income to qualify.
- Good credit score: Platinum credit cards typically require a good credit score to qualify.
- Minimum age: Most banks have a minimum age requirement for platinum credit card holders, typically around 21 years old.
- Residency: Some banks may require the individual to be a resident of the UAE to apply for a platinum credit card.
- Minimum deposit: Some banks may require the individual to have a minimum deposit in their account to apply for a platinum credit card.
- Other requirements: Some banks may have additional requirements like having a minimum salary or a minimum length of time at the current job or having a certain number of transactions on the account.
It's important to note that these criteria may vary depending on the bank and the specific platinum credit card you are interested in. It's recommended to check with the bank directly for their specific requirements.
In conclusion, platinum credit cards offer their cardholders a wide range of benefits and perks. These benefits include things like priority pass membership, travel insurance, concierge services, elite status with hotels and airlines, rewards and cashback, high credit limits, and exclusive offers and discounts. These benefits make a platinum credit card a valuable addition to anyone's wallet, especially in the UAE, where it can be used to access some of the best experiences and brands in the country.
