When people refer to credit cards, they often refer to them as plastic. It is a common phrase, one that most people understand when referring to any credit card. However, there are credit cards that are made of metal. These have actually been around for quite some time.
In some cases, these are often reserved for those that are wealthy, typically carrying a very large limit, or may not even have a limit at all. They are slightly different than plastic credit cards, but they work in the same exact manner. Other than being heavier, flashier, and much more sturdy, they provide the same type of benefit.
If you are interested in getting metal credit cards instead of the standard plastic ones that you currently have, here are a few tips on how to find the best ones available.
History Of Metal Credit Cards
Although this may be a new term to many people, the concept of credit cards made of some form of metal as been around for quite some time.
Starting back in the 1920s, they were typically used by those at department stores, but slowly the banks began to issue credit cards that were made of plastic. The most well-known metal credit cards today include the Centurion card that comes from the American Express company.
It has a more novel name, the Black Card, and is used by all of the rich and wealthy. Since the origination of the , and its overall popularity, more than 20 new metal cards have been produced.
Different Metal Credit Cards Available Today
They are also made of different types of metal which include those made of palladium, gold, titanium, brushed stainless steel, copper and even brass.
There are some companies that will mix both plastic and metal just to stand apart from all of the others. The popularity of these cards has become much more prominent, though very few are available by comparison to plastic cards that can be obtained from credit unions and banks worldwide.
From an aesthetic perspective, metal cards simply look more attractive, especially when consumers pull them out to use them to purchase products or services.
The Science And Marketing Behind Metal Credit Cards
The concept of using these credit cards made from metal is actually based on science. Not the science regarding the metal itself, but the science revolving around the mentality of those that use them. For some, it is a change in the way they feel about themselves.
They understand that very few people have these cards and it causes them to feel more confident. Others may become larger spenders, wanting to use these cards because they know that very few others will be able to.
From a marketing perspective, this is very easy to understand. It’s the law of supply and demand. There is only a limited number of credit cards made from metal, and if you are one of them, they can use this to their advantage.
It becomes an exclusive item, one used by only a few people that can afford to have this type of credit. All of this is bound into these metal credit cards that are no different than plastic, yet they do make a noticeable difference with those that use them in regard to the way they feel about themselves.
What Are Some Of The Top Metal Credit Cards
As mentioned before, metal credit cards are made of a wide variety of materials. These can be stainless steel, titanium, and various other alloys. The weight of the cards is noticeable.
They can be as heavy as 27 g which is much higher than the standard 5 g for a regular plastic credit card. There are several major banks and lending institutions that offer them to those that can afford to use them. Of course, you must qualify before they will disperse these highly coveted cards to any individual.
The top ones include the Chase Sapphire Reserve, the Capital One Venture Rewards card, and the American Express Gold Card.
Other credit cards include the US Bank Altitude Reserve Visa Infinite, the Luxury Card MasterCard or Gold Card, the J.P. Morgan Reserve card, the Marriott Bonvoy Brilliant American ExpressCard, and the Ritz-Carlton Rewards credit card.
Should You Get A Metal Credit Card?
There are both pros and cons to owning and using a credit card that is made of metal. First of all, your spending limits may be extremely high, or you may not have any limits at all.
The caveat to this benefit is that, with some of them, they must be paid off by the end of the month. If you end up spending $30,000 in the span of 30 days, you must find a way to pay this large amount off or else face penalties. Therefore, if you are a big spender, and you have trouble stopping yourself from buying what you want, this would not be the best solution for you.
You may want to stick with credit cards that have a much lower amount that does not require monthly payoffs.
Metal credit cards are here to stay. They will always be coveted by those that have money and wish to flaunt the fact that they own one.
If you happen to be wealthy, you may want to consider getting one or more of these cards. For those that cannot qualify, it may serve as a form of motivation to improve your financial position in life so that you also can have one of these prestigious forms of credit.
Regardless of your motivations, if you ever do qualify for a metal credit card, you will own something that very few people in the world are able to use when charging something on credit.