Platinum cards are credit cards that offer exclusive benefits and perks to those who hold them. However, there are various other terms used to describe these cards, such as premium cards, elite cards, luxury cards, and high-end cards. Some credit issuers also have their own branded names for their platinum cards, such as American Express Centurion, Chase Sapphire Reserve, and Citi Prestige. Whatever the name, these cards typically offer rewards such as cashback, travel rewards, concierge services, airport lounge access, and travel insurance. They are intended for high-income earners who can afford the hefty annual fees and spend enough to take advantage of the rewards.