The Benefits and Disadvantages of a Metal Credit Card
The first metal credit card to spark buzz was the invite-only American Express Centurion Card (also known as the Black Card). Since then, more luxury cards have been released in both plastic and metal.
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Aesthetics
A metal card can be a status symbol that demonstrates wealth and style. They also have a heavier weight and feel more durable than plastic cards. They are not available to everyone though, as most metal cards are reserved for high-spenders with good or excellent credit. Additionally, they often have hefty annual fees and require a higher minimum income. Thankfully, there are third-party providers who can convert your plastic card into a metal version for a fee.
The first metal credit card was the Centurion Card from American Express*, colloquially known as the Black Card. It was a prestige card that acted as a status symbol and attracted the attention of luxury shoppers. Since then, other credit card issuers have begun to release metal cards for their premium products. These cards are typically reserved for top spenders and offer premium perks, including low or no foreign transaction fees across the globe and travel insurance coverage.
ARCFAB Metal Specialists wanted a bold and unique card that would stand out in the crowd and get their business noticed. Choosing a brushed Metal Card Stainless Steel card, they utilized custom cut outs and black spot color to create a striking design that is balanced and aesthetically pleasing. Stoked Athletics wanted to attract the right clients by getting them totally stoked about their fitness programs. Using a brushed Stainless Steel card, their design was paired with a QR code and a custom cut out to highlight their business name and logo.
Durability
Metal credit cards tend to be less prone to wear and tear than plastic credit cards. They also typically resist the bending that often occurs with regular credit card usage. As a result, they can last for an extended period of time without needing to be replaced. However, metal cards can still be damaged during normal use, and the fact that they are made from metal may not make them as convenient as plastic credit cards.
Many metal credit cards come with premium perks, such as exclusive rewards programs, VIP concierge services, airport lounge access, and travel protections. These perks can help offset the higher annual fees associated with metal credit cards. However, it is important to consider the overall cost of a credit card before choosing one.
While metal credit cards are becoming more popular, there are some drawbacks to consider before deciding whether this type of card is right for you. First, metal cards can set off airport metal detectors, which can be a hassle when traveling. Additionally, they can be difficult to swipe at merchants that do not have up-to-date credit card terminals. In addition, metal cards cannot be destroyed as easily as plastic credit cards, since they require the use of specialized tools to cut and shred them. As a result, you will likely have to mail your old metal credit card back to the issuer once it expires.
Security
While the Centurion Card from American Express* used to be most people’s lone reference point for a metal credit card, the space now boasts many options. Unfortunately, a lot of them are vanity cards that serve little to no practical purpose beyond looking and feeling “classier.”
Some cards are contactless, which means you can tap on a device and pay for your purchase without having to swipe or insert the card into a reader. This can save you time and is a very convenient feature. Other cards offer extra perks like travel or loyalty benefits that can help you get the most out of your spending.
Another benefit of metal credit cards is their durability. These cards are built to withstand regular wear and tear better than plastic cards, which can often be easily bent or broken by accident. Additionally, metal cards are less prone to scratches and fading than their plastic counterparts.
The best metal credit card for you is a matter of personal preference and your spending habits. Find the one that best matches your needs and financial goals, and take a close look at the rewards, benefits, and other features that are offered by each card to ensure it fits your lifestyle. For example, if you spend a lot on travel and dining, a card with these perks could be a great fit for you.
Convenience
While metal cards may look and feel premium, they aren’t necessarily any more convenient to use than plastic credit cards. In fact, the heaviness of metal cards can even be a drawback in some instances. For example, nxp mifare desfire it can be more difficult to insert metal cards into credit card readers that require full, complete card insertion in order to complete transactions. This can limit the functionality of these cards, including the ability to use tap and pay functions.
Fortunately, more and more credit card issuers are adding metal options to their line-ups for everyday consumers who meet their lending criteria. For example, American Express now offers the coveted Centurion black card in titanium and the Wealthsimple Cash Visa Card was available in limited edition tungsten metal during a special offer.
Of course, finding the right metal credit card is a personal choice. In order to determine which card is best for you, it’s important to consider the value of your spending habits and compare various features such as annual fees, rewards rates, sign-up bonus incentives, minimum required spend, introductory APRs, etc.
