Consumer Payment Card News

Platinum Value

“Platinum” credit cards are a dime a dozen these days, even offered to less creditworthy consumers with low credit limits. In an effort to put the luster back into “Platinum” some issuers are now adding other descriptors to their “Platinum” cards such as “Double Platinum,”, “Ultimate Platinum,” and “Platinum Plus.” Citibank and MBNA have moved to the “Diamond” level for some of their cards and Fleet continues to bang away with its “Titanium” card. If you really want to impress someone with a credit card get the American Express “Black” card ($2500 per year) or the new “White” VISA ($1500per year).

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