PasqualeChristian512

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. Nowadays silver cards have been surpassed in prestige by gold credit cards and platinum credit cards and so have far more frequently come to be known as regular or simple credit cards.

Benefits of silver credit cards

The positive aspects that silver credit cards have over other types of cards consist of:

• lower annual membership charges (if any)

• reduce 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 good credit history or manage your card sensibly

• % interest for among 6 9 months when transferring your account balance from 1 credit provider to another

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

Drawbacks of silver credit cards

• reduced money withdrawal limits

• less rewards in rewards promotion packages, such as a reduce percentage rate cash back return with money back credit cards or lower airmiles with airmile credit cards

• much less travel perks for example, if you have a gold or platinum card you could be entitled to automatic upgrades when travelling, but as there are far much more common silver credit cardholders, it is unlikely this advantage will be afforded to you as properly

• less prestige, which could indicate retailers are much less prepared to give you the very same service as they might provide to gold and platinum cardholders. bluegrass banjo tabs