How to Apply for a Platinum Credit Card
Platinum credit cards are offered by many banks and credit unions and are simple to apply for. The cards offer many features, such as credit lines of up to $50,000 or more, cash back on purchases, no annual fee, free roadside assistance, complimentary access to a concierge for making dinner and travel arrangements, and more. Some even offer a zero-percent interest rate for the first several months.
Other People Are Reading
Instructions
-
-
1
Shop around for a platinum credit card you would like to apply for. Check with your bank, credit union or online sites such as CreditCards.com or BankRate.com. You can search online for more choices.
-
2
Decide on the card you'd like to apply for after considering features such as interest rates and annual fees. There might be options for applying online, by telephone or through the mail. Enter all the required information includng your name and address, Social Security number, employer and salary.
-
-
3
Submit the application and wait for a response. If you apply online, you can find out instantly. Otherwise a decision will come by mail within about two weeks. If you're really anxious, call the credit card company in about a week. Ask the representative for an update on the status of your application.
-
1
Tips & Warnings
Consider checking your credit reports before you apply. Because of their higher credit lines, platinum cards often have more stringent credit requirements than some other cards. Therefore you should make sure all your current credit accounts are up to date and reported accurately to the three major credit bureaus--TransUnion, Experian and Equifax. You can obtain free copies of your credit reports once each year from AnnualCreditReport.com.
References
- Photo Credit credit cards image by Andrii IURLOV from Fotolia.com
