Credit card tiers or colours are hard to pin down. Every card provider offers something slightly different. But platinum cards generally sit above low rate cards and cards with no annual fee.
These credit cards are much more likely to offer reward or frequent flyer points, complimentary travel insurance and perks like bonus status credits, airport lounge passes or cashback. And you pay a higher annual fee for the privilege.
Once you go above platinum you go to black, diamond or titanium credit cards.
With so many different credit cards available, there is not a single "best" platinum card on the market. But asking these 4 questions can help you find one you want.
Do you travel frequently?If you want to use your credit card for travel bookings and rewards, a platinum card that offers frequent flyer points and perks like airline lounge passes, travel credits and complimentary international travel insurance gives you a way to get more value from the account.
Do you want to buy big-ticket items with your credit card?Finder research shows 21% of Australians got their most recent credit card to make big purchases. When that's the case, a platinum card could offer you a higher credit limit than a regular card, as well as complimentary purchase protection insurance or extended warranty cover.
Do you have existing credit card debts?If you're already paying interest on a credit card balance, a platinum credit card with a balance transfer offer gives you a way to transfer it and get a low or 0% interest rate for a promotional period.
Just keep in mind that you'll usually get more value if you focus on repaying the balance before using any other platinum perks.
Are you a business owner?A platinum business credit card gives you a way to manage cash flow with higher credit limit options, earn more rewards points and get access to complimentary business insurance policies
These cards also offer expenses-tracking tools and additional cards for employees, just like other business and corporate credit cards.
"When you're looking for a credit card, don't get too hung up on the luxury feel of the platinum name. Some really great credit cards offer just as many benefits for a similar fee without the expensive sounding name. Always compare a card's features and benefits and find a card that gives you value for money."
Several platinum credit cards won or finished highly commended in the 2026 Finder Credit Card Awards.
These platinum cards outperformed other cards in several categories (platinum and non-platinum cards) consistently over a 12-month period.
Platinum cards used to be very exclusive but with so many credit cards on the market now, the eligibility criteria varies. Key details to look at include:
If you want to buy big-ticket items or consolidate debt with a credit card, compare high credit limit options and weigh up the pros and cons here.
From entertainment offers, concierge and travel services to travel insurance and more, cardholders can enjoy many different platinum perks. Read on to find out all about the benefits of being a Visa Platinum cardholder.
Discover the luxurious perks, extensive benefits, and often high fees that can come with prestigious credit cards.
