 TITLE: What Is a Preferred Credit Card? CONTENT: How Do Preferred Credit Cards Work?\n-----------------------------------\nIf your credit isn't in ideal shape, you may only qualify for a credit card that doesn't have any bells and whistles, or you may be eligible for a simple cash back card that provides a low, flat earnings rate. If your credit score is considered low, you may only be able to get approved for a secured credit card that requires you to put down a security deposit and provides few perks beyond helping you to build or improve your credit.\nFor customers with good to excellent credit, however, some credit card companies offer preferred cards that provide more premium reward offerings and better benefits. These cards aren't strictly defined, but they may offer benefits like travel-related perks, increased rewards earnings or additional cardholder protections. The cards may also come with shopping benefits such as extended warranties and price protection. These benefits may come at a cost, however, in the form of annual fees, which can negate some of the card's benefits. END