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I keep getting interesting offers in the mail. Here is the newest: Traveler's Group Platinum Visa: 0% APR on new purchases through October billing; 6.99% APR on balance transfers; no annual fee; and all the small perks like travel, auto, and luggage insurance and extended warranty protection.

Will I get the card? Most likely not since I don't have a near term large purchase where I could keep the money in the bank during the interest free 6 months. But I could use a Platinum card since I don't have a Gold or Platinum card yet (probably the only one who doesn't). Any recommendations on one. Interest rate does not matter since I always pay off the charges every month. The only thing that is important is no annual fee and maybe some small perks.
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<< Will I get the card? Most likely not since I don't have a near term large purchase where I could
keep the money in the bank during the interest free 6 months. But I could use a Platinum card since
I don't have a Gold or Platinum card yet (probably the only one who doesn't). >>

No, you're not. I keep getting offers for various gold & platinum cards, and I keep tossing them in the good ol' circular file. I am, in all honesty, AVOIDING the golds and plats -- so many want annual fees, the perks aren't generally anything I have any serious interest in taking advantage of, or else I don't want to be too tempted to use the card just to get perks, and I don't want to have that high of a credit limit. So I will stick with my plain ol'Visa and my plain ol'AmEx Optima, thank you very much. Any further cards I get will either be a) the prepaid variety or b) offer some REALLY neat perks and be an out-&-out replacement for one of my current cards.

Kaiti
Jedi orbiting credit.
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<<

I keep getting interesting offers in the mail. Here is the newest: Traveler's Group Platinum Visa: 0%
APR on new purchases through October billing; 6.99% APR on balance transfers; no annual fee;
and all the small perks like travel, auto, and luggage insurance and extended warranty protection.

Will I get the card? Most likely not since I don't have a near term large purchase where I could
keep the money in the bank during the interest free 6 months. But I could use a Platinum card since
I don't have a Gold or Platinum card yet (probably the only one who doesn't). Any
recommendations on one. Interest rate does not matter since I always pay off the charges every
month. The only thing that is important is no annual fee and maybe some small perks.>>

Never saw the point of a platinum or gold card. For a higher fee, you seem to get some meaningless (to me) perks, and a funny colored credit card. Appears merely to be bragging rights.

Crazyfred
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Crazyfred sed:
<<<
Never saw the point of a platinum or gold card. For a higher fee, you seem to get some meaningless (to me) perks, and a funny colored credit card. Appears merely to be bragging rights.
>>>

I'm going to coin a term here... "Metal Creep"

Used to be, a Gold Card had a certain cachet to it... but as more and more people got them, the "membership" in a Gold Card account lost its ability to confer prestige. And so, when the marketing oomph was drained out of the "Gold" concept, the credit card peddlers upped the ante: the mark of the true elite became the Platinum Card.

Of course, everybody and his brother qualifies for a Platinum Card these days... even I've got one, and if they let me have it on a Fool's salary, they aren't exactly checking pedigrees. So we may define "Metal Creep" as the tendency for a decline in the efficacy of the symbols used by credit card marketers in their attempts to confer an aura of status to their products -- especially when said symbols are gimmicky, like the funny color of a plastic rectangle. In a few months, I'll be expecting the dapper and well-to-do will be flashing their Plutonium Cards under the turned-up noses at Tiffany's. Three months after that, we'll all have them.

Moral of the story: read the fine print -- don't be dazzled by the shiny colors. Remember, kids... prestige doesn't have the cachet it once had.

Cheeze
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Crazyfred says:

<<Never saw the point of a platinum or gold card. For a higher fee, you seem to get some meaningless (to me) perks, and a funny colored credit card. Appears merely to be bragging rights.>>

I don't know what fee you are talking about. I get at least 10 platinum card offers a month with no annual fees. The other fees like cash advances are unimportant since I use my card only for purchases. The interest rate is unimportant since I pay the charges off each month.

I don't care what color card I carry except for florescent colors. I don't need robbed at night. But I won't give up my Ringling Bros. card since I get good laughs from the clown on it.

The reason for considering a platinum card is to get the extra perks like extended warranty, purchase protection, car rental insurance, and higher travel insurance. You don't get these perks with the basic cards. I know the chances of collecting on these perks are remote but you never know.

If there is no annual fee and you never have finance charges, I ask, why not get the funny colored cards.
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<<I'm going to coin a term here... "Metal Creep">>


I think Cheeze hit it right on the head! You would never guess what showed up in my mailbox the other day... A PREAPPROVED TITANIUM CREDIT CARD!!!

I am not kidding. This came from First USA bank. Before too long, there won't be enough precious metals left to name credit cards after!

David (But I'm not) Boring
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David,

Heard that First USA was going to be offer the first Titanium cards soon... Since Platinum has become so present dare say a dime a dozen now, they needed a new gimic to entice us consumers....

I have had bad experiences with First USA and would never recommend them to anyone. Before you take it make sure you read the fine print...

By the way... Last I looked Titanium was NOT a precious metal... It is used often in heavy industry. I am sure they used to since the name connotates LARGER than LIFE

I did find this link on a quick web search for Titanium if anyone is interested...

http://www.shef.ac.uk/chemistry/web-elements/Ti/key.html

Rob

Bottles
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David,

Heard that First USA was going to be offer the first Titanium cards soon... Since Platinum has become so prevalent dare say a dime a dozen now, they needed a new gimic to entice us consumers....

I have had bad experiences with First USA and would never recommend them to anyone. Before you take it make sure you read the fine print...

By the way... Last I looked Titanium was NOT a precious metal... It is used often in heavy industry. I am sure they used to since the name connotates LARGER than LIFE

I did find this link on a quick web search for Titanium if anyone is interested...

http://www.shef.ac.uk/chemistry/web-elements/Ti/key.html

Rob

Bottles

Ment to say prevalent... sorry
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<<I guess I will wait for a Uranium card from the Bank of Chernbyl.>>

I mean Chernobyl.

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I guess I will wait for a Uranium card from the Bank of Chernbyl.

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<<
I guess I will wait for a Uranium card from the Bank of Chernbyl.>>

Or the Plutonium card from Alamogordo Savings and Loan ;-)

huh huh huh,
BeavisNButthead
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<<I think Cheeze hit it right on the head! You would never guess what showed up in my mailbox the other day... A PREAPPROVED TITANIUM CREDIT CARD!!!>>

When they send me a gold card...made with real gold, then I'll be impressed. ; )

Of course, that would put a whole new spin on getting your card stolen, eh?

Tony
...but I still am...

Off2Aruba
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