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The lowest in the hierarchy of valuable metal named credit cards, silver credit cards have been about since 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 a lot more frequently come to be identified as normal or basic credit cards.
Positive aspects of silver credit cards
The advantages that silver credit cards have more than other sorts of cards contain:
- reduce annual membership costs (if any)
- reduced threshold salary which you want to earn if you want to apply
- the very same credit limit as other credit cards if you have a very good credit history or handle your card sensibly
- % interest for between six 9 months when transferring your account balance from 1 credit provider to yet another
The simple truth is, if you are not that fussed more than the image you portray when you are out shopping with your credit card, and are far more concerned with how you manage your credit card debit, then silver credit cards are undoubtedly more favourable than any other credit cards on offer.
Disadvantages of silver credit cards
- decrease cash withdrawal limits
- much less rewards in rewards promotion packages, such as a reduce percentage rate cash back return with cash back credit cards or lower airmiles with airmile credit cards
- significantly less travel perks for instance, if you have a gold or platinum card you might be entitled to automatic upgrades when travelling, but as there are far more common silver credit cardholders, it is unlikely this benefit will be afforded to you as effectively
- much less prestige, which might imply retailers are less prepared to give you the same service as they may possibly supply to gold and platinum cardholders. home page
