Do you know what Gold, Platinum, Signature, Infinite, and World Elite all mean on your credit card?
If you are a credit card novice, then you must be wondering about these names.
Nowadays credit cards are no longer just a payment tool, they are a status symbol and part of your lifestyle. The income of the cardholder can be known from the credit card held.
Currently, the world’s leading credit card service providers are Visa, MasterCard, JCB, American Express and UnionPay, with Visa and MasterCard being the most common and supported by the largest number of merchants in Malaysia. Generally speaking, bank cards with card numbers starting from 51 to 55 are MasterCard cards, while credit cards starting with 4 are Visa cards.
If your credit card only shows Visa or MasterCard, then the credit card you have is a regular credit card. If your credit card shows the word Gold, you have a Gold card, and if it shows Platinum, you have a Platinum card.
As for Visa’s premium cards, there are Signature and Infinite, while MasterCard’s premium cards are Titanium, World and World Elite.
Choosing the right type of credit card according to your credit history, financial situation and needs can help you maximize the benefits and privileges and enhance your quality of life. When choosing a credit card, in addition to focusing on the type of card, you should also pay attention to the annual fee, interest rate, points policy and other additional conditions in order to make an informed financial decision.
