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In 1984, Amex launched the Platinum Card, billed as an "ultra-exclusive" credit card with a $250 annual fee. It was offered by invitation only to American Express customers with at least two years of tenure, significant spending, and excellent payment history. [35] [36] [37]
Annual fee/limit United States: US$5,000 (US$5,000 for each additional card member) plus one-time joining fee of US$10,000 [18] United Kingdom £3,400 (US$4,658) (no pre-set credit limit) plus one-time joining fee of £3,400 Canada: CA$2,500 (US$2,000) plus one-time fee of CA$5,000 (US$4,000) India
Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit. A subsequent innovation was "Cashback Bonus" on purchases. [1]
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