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The lowest in the hierarchy of precious metal named credit cards, silver credit cards have been around because the conception of credit cards in the mid-1950s. Right now silver cards have been surpassed in prestige by gold credit cards and platinum credit cards and so have far more typically come to be recognized as regular or basic credit cards.
Positive aspects of silver credit cards
The positive aspects that silver credit cards have more than other types of cards contain:
- decrease annual membership costs (if any)
- reduced threshold salary which you need to have to earn if you want to apply
- the very same credit limit as other credit cards if you have a great credit history or handle your card sensibly
- % interest for among 6 9 months when transferring your account balance from 1 credit provider to an additional
The basic truth is, if you are not that fussed more than the image you portray when you are out buying with your credit card, and are much more concerned with how you manage your credit card debit, then silver credit cards are certainly much more favourable than any other credit cards on provide.
Disadvantages of silver credit cards
- reduced money withdrawal limits
- less rewards in rewards promotion packages, such as a reduced percentage rate cash back return with cash back credit cards or reduced airmiles with airmile credit cards
- much less travel perks for example, 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 advantage will be afforded to you as nicely
- significantly less prestige, which might mean retailers are much less prepared to give you the very same service as they could give to gold and platinum cardholders. buy ppi reclaims
