Annual Credit cards: Platinum cards

Every platinum credit card in Australia carries an annual fee. These are greater than the annual fees associated with standard credit cards and gold cards. The annual fee is charged in exchange for the benefits and perks that platinum card holders enjoy.

Platinum credit cards have a very high spending limit. On nearly every purchases that can be made with that spending limit, platinum cards add a warranty as insurance. Refund protection is also offered on some items so that if a store does not refund the cost of an item, the credit card company will. Platinum cards also provide a cost match guarantee that will refund shoppers the difference if they find an identical item elsewhere for less cost.

Platinum credit cards go the extra mile to protect travellers, too. Flights booked with platinum cards are frequently covered by complimentary travellers insurance. Although coverage varies between lenders, standard platinum coverage compensates travellers for delayed flights, lost luggage, medical expenses, and accidental death while overseas.

A unique feature of platinum credit cards is the 24/7 concierge service provided to all users.  Lenders provide a contact number for card holders to assist with purchases, travel, events, and entertainment. Card users are also provided exclusive deals on discounted goods such as rentals and entertainment tickets. Additionally, platinum cards distribute generous reward points in premium programs that benefit card users as they spend. These rewards can be used for flights, gifts, and personal shopping.