Basic Difference You Need To Know About Plastic vs Metal Credit Card

plastic credit card vs metal credit card

Plastic Credit Card vs Metal Credit Card

Credit cards have become an integral part of our daily lives, offering convenience and financial flexibility. With advancements in design and materials, credit card options have expanded beyond the traditional options. One of the emerging trends in the credit card industry is the introduction of metal credit cards. These metal cards are a recent addition to the world of credit products. In this blog, we’ll explore the differences between plastic credit card vs metal credit card helping you make an informed decision on the type of credit card that suits your lifestyle.

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The Rise of Metal Credit Cards:

Metal credit cards have gained popularity in recent years. They provide high-net-worth individuals with more widely available options.

The allure of a metal credit card lies in its premium feel, durability, and unique aesthetic. While plastic cards remain the standard, the appeal of metal cards has led many consumers to reconsider their choices.

Metal cards stand as a symbol of prestige, offering a distinctive blend of luxury, rewards, and unparalleled benefits. While carrying a metal card undoubtedly exudes elegance, the true value lies in the premium experiences that accompany it.

1. Elevated Travel Privileges:

Metal credit cards often come with a variety of travel perks, transforming ordinary journeys into extraordinary experiences. Priority boarding, airport lounge access, and travel insurance are just a few of the many benefits that await metal cardholders.

2. Enhanced Rewards and Benefits:

Metal credit cards typically offer an array of rewards and benefits that surpass those of traditional credit cards. Travel credits, cash-back rewards, and points multipliers are perks that can help in significant savings and valuable experiences.

Enhanced Rewards and Benefits

3. Personalized Attention and Service:

Metal cardholders enjoy a level of personalized attention and service that sets them apart. This goes beyond polite customer service representatives; it’s about feeling valued and catered to as an individual.
This level of personalized attention isn’t just a luxury; it’s a powerful tool that saves time and empowers you to focus on what matters most.

4. Unwavering Security and Peace of Mind:

Metal credit cards offer enhanced security features to its customers. It gives fraud protection, lost/stolen card protection, extended warranties and many more to safeguard cardholders’ financial information and valuable purchases.

5. A Symbol of Status and Distinction:

Carrying a metal credit card undoubtedly exudes status and distinction. Metal credit cards give a  sleek, sophisticated design and weighty presence. Which commands attention, to make a subtle yet powerful statement about the cardholder’s financial status and lifestyle.

6. A Gateway to Elite Rewards Programs:

Many metal credit cards are linked to elite rewards programs, offering higher points for accrual rates, preferred redemption options, and exclusive privileges. These programs provide accelerated access to coveted rewards and enhance the overall value proposition.

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Metal Credit Cards in India

India’s banking landscape offers a variety of metal credit cards, each with its unique set of features and benefits.

Refer to the table below for a comparative understanding of some of the prominent metal credit cards in India:

Card Name

Issuing Bank Standard Joining Fees

Key Features

HDFC Infinia Metal Card HDFC Rs. 12,500 – Unlimited airport lounge access,10% travel cashback up to Rs. 10,000 per month

-5X rewards on dining and travel

ICICI Bank Sapphiro Infinite Card ICICI Rs. 10,000 -Complimentary airport lounge access,10% cash back on dining and travel

-10X rewards on weekend spends

SBI Card Elite SBI Rs. 10,000 -Unlimited airport lounge access,10% cash back on dining and travel,

-10X rewards on movies and shopping

Axis Bank Miles & More Reserve Card Axis Rs. 10,000 -Unlimited airport lounge access, 20% cashback on flight bookings,

-10X rewards on travel and dining

American Express Platinum Charge Card American Express Rs.60,000+GST = 70,800 INR -Unlimited airport lounge access,5X rewards on flights,

-Hotel Elite Status benefits

 Note: These charges are as per the latest updates. For more information, please contact your bank

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Plastic Credit Cards: The Familiar Choice

Plastic credit cards have remained a preferred mode of payment for millions of individuals worldwide. Their widespread acceptance, convenience, and range of benefits have solidified their position as a financial mainstay.

1. Widespread Acceptance:

Plastic credit cards offer unparalleled acceptance, allowing cardholders to make transactions seamlessly with millions of merchants across the globe. You can use a plastic credit card for online shopping, dining out, or travelling, they provide a versatile payment solution.

Plastic Credit Cards

2. Convenience and Flexibility:

Plastic credit cards eliminate the need for carrying cash, simplifying the payment process and adding an extra layer of security. They offer flexibility in managing finances, allowing cardholders to spread out payments over time through instalments or balance transfers.

3. Rewards and Benefits:

A multitude of plastic credit cards come with enticing rewards programs, offering cardholders cashback, points, travel miles, and exclusive perks. These incentives can translate into significant savings and enhanced experiences.

4. Enhanced Security:

Plastic credit cards incorporate advanced security features, such as chip technology and fraud protection measures, safeguarding cardholders’ financial information. Cardholders also enjoy zero liability protection in case of unauthorised transactions.

5. A Tool for Financial Management:

Plastic credit cards, when used responsibly, can serve as a valuable tool for financial management. They provide clear spending insights, help track expenses, and can even contribute to building a positive credit history.

Plastic Credit Cards in India

Famous Plastic Credit Cards In India

Plastic credit cards, known for their affordability, and attractive features, have earned a loyal following among Indian consumers.
Refer to the table below for a comparative understanding of some of the prominent plastic credit cards in India:

Card Name

Issuing Bank Annual Fees Joining Fees

Key features

SBI SimplyCLICK Credit Card SBI Rs. 1250 Nil – 5% cashback on online spends

-Reward points on all transactions

-Free add-on card

HDFC Diners ClubMiles Card HDFC Bank Rs. 5,999 Rs. 2,999 – 4X reward points on dining & travel – Priority Pass lounge access -Complimentary airport transfers
ICICI Bank Coral Credit Card ICICI Rs. 499 Nil – No joining fee
– Reward points on all spends
– Travel Insurance
Axis Bank Vistara Signature Credit Card Axis Bank Rs.4,999 Rs.2,999 – Up to 6% cash back on dining & travel

– Priority Pass lounge access

-Vistara Club Vistara Gold membership

Kotak Mahindra Prime Cashback Card Kotak Mahindra Bank Rs. 999 Nil – 1% cashback on all spends

– No foreign transaction fee

-Free add-on card

 Note: This is not an exhaustive list. Please refer to the official websites of the respective banks for the latest information and offers.

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Plastic Credit vs Metal Credit Card: Making The Right Choice

The world of credit cards presents an array of choices, with plastic and metal cards vying for your attention. But the decision is based on factors beyond mere aesthetics.

Let’s go through the table below, and understand the best choice as per your goals and needs:

Feature

 Plastic

Metal

Acceptance             Widely accepted, virtually everywhere May have limited acceptance at some high-end establishments or smaller merchants
Annual Fee Varies widely, from no fee to several thousand Typically high
Joining Fees It may apply, but it is often waived for new customers Normally waived for premium cards
Rewards       Diverse options, from cashback and travel miles to points for specific categories Often enhanced, with higher multipliers and exclusive redemption options
Security Features       Chip technology, fraud protection, zero liability Advanced features like biometric authentication, global emergency assistance
Travel Perks             Airport lounge access, and travel insurance, may be limited to higher-tier cards Typically included, with VIP access and concierge services
Additional Benefits        Free add-on cards, extended warranty, purchase protection May include complimentary entertainment subscriptions, access to exclusive events
Status Symbol            Subtle, indicates responsible credit management A high-end statement piece reflects financial success and discerning taste

Remember:

  • Don’t just look at features. Consider your spending habits and lifestyle to choose the right card.
  • Read the fine print. Be aware of annual fees, interest rates, and hidden charges.
  • Compare and research. Explore different offerings from various banks to find the perfect fit.

Conclusion:

Your decision should be based on a thoughtful consideration of your lifestyle, preferences, and financial priorities. Whether you opt for the familiarity and flexibility of a plastic credit card vs metal credit card, both options are designed to cater to diverse consumer needs.

As you navigate the world of credit cards, remember that the right choice is the one that aligns with your individual preferences and enhances your overall financial experience.

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