What's the Deal With Metal Credit Cards?

Estimated read time: 2 minutes

Metal credit cards are one of the latest trends feeding consumers' desire for style and flair in a card that makes a statement. Metal cards are becoming status symbol, especially among millennials.

What is the metal cards thrill all about?

Metal cards satisfy the need for a personalized touch that surpasses that of plastic credit cards. Traditional plastic credit cards can sometimes be customized to include a unique design on the face of the card, but that's about it.

Metal cards, on the other hand, take the personalization a notch above in terms of style, coming in stainless steel, brass, copper, and even gold metal. Moreover, some cards are pure metal sheets and a few cards come diamond-encrusted to stand out even further. The thrill of thumping down a metal card at the restaurant table, turning the heads of your friends and family is something worth more than just paying the bill.

What are the differences between metal and plastic credit card?

In terms of using them, metal cards are no different than a plastic credit card. They can be swiped or chip-inserted for making the payment, just like a plastic card.

Metal cards can be heavier in your wallet, so, for someone who prefers a light and thin wallet, a metal card may not be a valuable add, despite all the thrill.

Metal credit cards come with hefty fees and generally require "Good" or "Excellent" credit scores for approval. They are geared toward high spending users and, as a result, it is important to take note of associated fees and terms and conditions, as applicable, when applying for one.

A major inconvenience of metal credit cards is the inability to shred it like plastic cards. Instead, one may end up shredding the shredder instead of the metal card. Simply call the credit card company and request a prepaid return envelope. This way, the credit card company can safely dispose of the metal card.

Metal cards have been in the circulation for a number of years, however were marketed solely to wealthy in the past, but that is no longer the case. Major banks, realizing how sought out the metal credit cards are, have started to strategically introduce these in luring new and retaining existing turning customers, especially the millennials. While it is not advisable to obtain a credit card just for a flashy new add to your wallet, if you're in the market for a credit card and have a metal version as an option, then why not?