- Posts: 1
- Joined: Sun Dec 19, 2010 9:36 pm
- Location: Buckinghamshire
Early Morning to you all. Although I am not a cardholder, my father is and reading the above posts does highlight a complete lack of real knowledge surrounding this card.
One myth to dispel is that although it is an invitation, the basic premise is that most Coutts members are offered one at some point, normally moving on from a gold card. I was told it was automatically linked with any customer of the bank that spent over a certain threshold a year.
Secondly, the range of base insurance is quite fantastic. Firstly, even though I am at university, I am fully covered on winter sports insurance under his card. We have never used any of the "concierge" services, they seem not to put too much emphasis on that.
Perhaps the best benefit is the Priority Pass membership. It truly pays for itself, as we do alot of flying as a family, and many small airports have a lounge. The ones I have been to recently (Mumbai, Lisbon, Heathrow, Dubai, Luton, Geneva, Nice etc) all have free drinks and some food, ranging from poor (Luton) to excellent (Mumbai, of all places)
Finally, it (more the account than the card) wields enormous power. Whenever we need to exchange money on short notice, it can literally be done in hours and delivered to our door. As you always talk to a personal manager, it a short and easy call "hi ..., can you transfer this to here." and its done. No complicated checks, just a simple code and its done.
Oh and the APR rate is irrelevant providing you settle as a debit ever month. Most Coutts credit card owners do (I know two others that do the same)
I hope this has shed some light on the matter. I will be happy to answer any questions. Any questions in particular on my credibility can't be proven easily, I'll try and think of a way!