What is a titanium credit card?
A titanium credit card is designed to be one level above the platinum credit card, which is the highest level of rewards credit card that currently exists in Australia.
The titanium credit card is a mythical beast in Australia – it doesn’t really exist. At the time of writing, Canstar currently only researches and rates one credit card with the “titanium” label: the Titanium Visa 55 from Intech Credit Union. But be warned – this card is not a titanium credit card as we’ve just defined them. It’s not a rewards credit card at all, having no rewards program, concierge service, or complimentary insurances. With its low interest rate and 55 days interest-free, it received our 5-star rating for Low Rate credit cards in 2016.
American Express was the first lender to offer a card with the “titanium” label, and it was only available for certain cardholders by invitation. The American Express Centurion Card or “Black Card”, as it’s known, is actually a charge card rather than a credit card – so the balance must be paid in full each month. The card is made of anodised titanium, a hard, silver-gray metal that is strong, light, and used in corrosion-resistant alloys. The card offers exclusive privileges including a 24/7 concierge service, has no set credit limit, and is available by invitation only.
Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular product. Please see Canstar’s Financial Services and Credit Guide for more information.
What are the titanium credit card benefits?
Titanium credit cards should have the same benefits as a platinum credit card or other premium credit card – but more:
- Usually the bank’s top tier, most expensive card, second only to a Diamond or Black card if the lender offers either of these.
- Rewards program should have uncapped points earning potential.
- Complimentary insurances should include complimentary international travel insurance, travel accident cover if you are involved in an accident as a pedestrian or while using public transport, inconvenience cover if your domestic flight is cancelled, a Price Protection Guarantee, Purchase Protection Insurance against theft or accidental damage of new purchases, and an extended warranty on purchases.
- Concierge service available 24/7 to do things like make reservations and order purchases for you.
But it’s not all benefits on the horizon. Titanium cards, like other premium credit cards, feature high interest rates and annual fees, reflecting the fact that they are designed for borrowers with a high income, who can afford to pay their closing balance in full each month.
Canstar researches and rates platinum, gold, and silver credit cards with the same premium benefits as most titanium credit cards. Check our website for details:
Is a titanium credit card worth it?
Not really. At the time of writing, it seems like there is no practical difference between Titanium and Platinum credit cards. Providers with a Titanium credit card usually offer Titanium cards as the step above Platinum cards, with a higher credit limit in the hundreds of thousands of dollars.
Compare platinum credit cards on our website: