Top 5 Platinum Credit Cards

2. Need to Apply for a Platinum Credit Card Click Here

3. Introduction • Just like everything in life, credit cards have their pros and cons. • Applying for one should be an informed and conscious decision and once obtained, credit cards should be used responsibly.  • Platinum credit cards are designed to provide benefits that compliment one’s lifestyle and come with above average credit limits. • These are only available to the seasoned credit card users who have an established positive credit history, and a healthy disposable income (typically over Rs. 100,000). • Having a platinum credit card is also considered a status symbol – at least that is how most banks market it. • The exclusive nature of the product means it offers exciting benefits, such as VIP Lounge Access at various airports, a more incentivized rewards scheme and personalized customer service. 2017 KarloCompare

4. HBL Platinum VISA Credit Card • As a cardholder, you are given complimentary access to VIP Lounges at airports across numerous cities internationally and locally • HBL Platinum gives you one rewarded point for every PKR 25 of local spending and five points for every PKR 25 spent internationally. • HBL Platinum Card users can avail discounts on over 50,000 hotels and retail outlets worldwide. • As a cardholder you are also entitled to benefit from facilities such as Global Customer Assistance Services (GCAS) Emergency Services provided by VISA. • They offer services such as emergency cash, credit card replacement worldwide and lost or stolen card reporting. • No matter where you are, you are assured quality customer service in every situation. 2017 KarloCompare

5. UBL Platinum VISA Credit Card • The UBL Platinum card provides free access to CIP Lounges at Karachi, Lahore and Islamabad airports. • The loyalty program by UBL offers an air mile for every PKR 50 spent locally, and three air miles for every PKR 50 spend abroad. These miles can be redeemed against a purchase of any air ticket on any airline. • UBL Platinum card does offer some unique features, including 8 complimentary visits per month to Shapes Health Clubs in Karachi, Lahore or Multan. • A unique feature is complimentary valet parking at locations such as Dolmen Mall Karachi, Fortress Square Mall Lahore and Shifa International Hospital in Islamabad. • Lastly, like all other major credit cards, UBL Platinum cards also offer discounts and offers at various local and international establishments through VISA. These include restaurants, hotels, golf clubs, etc. 2017 KarloCompare

6. Al Falah Platinum VISA Credit Card • The Al Falah Platinum VISA Card provides the exact same lounge access benefits as UBL. • Bank Al Falah recently revamped its reward scheme which is now called Orbits. The scheme combined all Al Falah products under one roof. Reward points aka “Orbits” can be earned via a variety of channels such as current accounts, loans and credit cards. • Orbits are redeemed via Bank Al Falah’s online banking portal or over the phone. They can be used to pay for utility bills or to buy products at the “Orbit Mall”. • It is a VISA Platinum card, it comes with all the benefits of VISA GCAS as well as VISA Platinum Concierge services which provide assistance in flight reservations, hotel bookings, car rentals and other services around the world. • Bank Al Falah’s card also provides discount options at leading retailers, restaurants and hotels around the world similar to the other Platinum cards in the market. 2017 KarloCompare

7. Faysal Bank Platinum Credit Card • The main difference between Faysal Bank’s card and the rest is that it is a MasterCard and not VISA. • It does provide you access to the CIP Lounges in Pakistan, and also provides a three-year complimentary membership of the Priority Pass program. • The rewards scheme is also quite different as double points are up for grabs on international spending and these points can be redeemed at participating outlets or by converting them to Air Blue miles. • There is also flexibility in how the points can be redeemed directly at retail select outlets. • You can save up to 25% by using your Faysal Bank card at numerous locations which is better than most Platinum cards offered by other banks. 2017 KarloCompare

8. SCB Platinum VISA World Miles Credit Cards • Standard Chartered offers its own personalized customer services which includes a Platinum Travel Desk which assists you in finding the best air ticket and hotel deals. • Standard Chartered prides itself on its discounts and rewards programs. It claims to provide discounts at more retail outlets worldwide than its competitors. • Five reward points are given for every PKR 200 spent which can be redeemed for gifts from their Treasures catalogue. • The above rewards apply to the Standard Chartered VISA Platinum Card. They do provide another Platinum card which rewards customers with World Miles – the Platinum WorldMiles. • The WorldMiles card comes with all the other travel benefits mentioned above, so this scheme is ideal for the frequent flyer. 2017 KarloCompare

9. Conclusion • Your choice of Platinum card should ideally depend on your lifestyle. • Have you wanted to join a gym for a while but think it is too expensive or can’t be bothered to go through the process? Perhaps the UBL card is your best option because of complimentary access to Shapes. • At the end of the day, Platinum cards are designed for disciplined high spenders and are particularly useful when purchasing an expensive product. • If your normal course of business requires you to spend on expensive items, a Platinum card is surely worth it because of its benefits and the reward points/miles you can rack up. • If you are eligible for a Platinum card, you are likely an experienced professional or business person with a healthy income, but it is still important not to get carried away by the large credit limits being offered and manage your finances responsibly, starting with paying your credit card bill in full every month. 2017 KarloCompare

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