PattisonStewart990

The lowest in the hierarchy of valuable metal named credit cards, silver credit cards have been about considering that the conception of credit cards in the mid-1950s. Today silver cards have been surpassed in prestige by gold credit cards and platinum credit cards and so have much more frequently come to be recognized as standard or standard credit cards.

Positive aspects of silver credit cards

The benefits that silver credit cards have over other sorts of cards consist of:

• reduce annual membership costs (if any)

• reduce threshold salary which you require to earn if you want to apply

• the identical credit limit as other credit cards if you have a very good credit history or handle your card sensibly

•  % interest for between 6 9 months when transferring your account balance from one credit provider to yet another

The basic fact is, if you are not that fussed over the image you portray when you are out purchasing with your credit card, and are more concerned with how you handle your credit card debit, then silver credit cards are definitely more favourable than any other credit cards on provide.

Disadvantages of silver credit cards

• reduce cash withdrawal limits

• less rewards in rewards promotion packages, such as a decrease percentage price money back return with money back credit cards or reduced airmiles with airmile credit cards

• significantly less travel perks for instance, if you have a gold or platinum card you may be entitled to automatic upgrades when travelling, but as there are far a lot more standard silver credit cardholders, it is unlikely this benefit will be afforded to you as well

• much less prestige, which could imply retailers are significantly less willing to give you the identical service as they could supply to gold and platinum cardholders. investigate claim back ppi