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by dsacco 3342 days ago
You really don't need to be wealthy to get a platinum card. You don't even need to be breaking six figures. You just need a good credit score. That perception is all hype.
2 comments

That's how it is here in India. They tried pushing it like "prestige", didn't work. Now they just give it to anyone with a half decent salary and a willingness to be okay with the annual fee.
You don't actually need that good a credit score, since it's a charge card, not credit. You mainly just need the >$500/yr membership fee.
>it's a charge card, not credit.

What is the difference? I have always believed the terms to be synonyms, and the Wikipedia article for "charge card" does nothing to change that impression.