AntoninaSlay861

The lowest in the hierarchy of valuable metal named credit cards, silver credit cards have been around given that the conception of credit cards in the mid-1950s. Nowadays silver cards have been surpassed in prestige by gold credit cards and platinum credit cards and so have more typically come to be identified as normal or simple credit cards.

Positive aspects of silver credit cards

The benefits that silver credit cards have more than other sorts of cards include:

• reduce annual membership fees (if any)

• decrease threshold salary which you want to earn if you want to apply

• the same credit limit as other credit cards if you have a good credit history or manage your card sensibly

•  % interest for in between 6 9 months when transferring your account balance from a single credit provider to one more

The easy fact is, if you are not that fussed more than the image you portray when you are out purchasing with your credit card, and are a lot more concerned with how you handle your credit card debit, then silver credit cards are surely much more favourable than any other credit cards on offer.

Disadvantages of silver credit cards

• reduced cash withdrawal limits

• significantly 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 could be entitled to automatic upgrades when travelling, but as there are far a lot more common silver credit cardholders, it is unlikely this advantage will be afforded to you as nicely

• less prestige, which may imply retailers are much less willing to give you the identical service as they could give to gold and platinum cardholders. financial ombudsman ppi