Gold Credit Cards

Gold credit cards provide many benefits to the owners but card issuers set stricter criteria in terms of income and credit score rating for applicants.

A gold credit card comes with a reward plan that varies between providers. Many banks use a point systems – for every transaction made by the credit card, the owner receive a number of points that can be redeemed on goods, travel, petrol purchases and others. Some banks do not set cap on points so the more you spend the more you are rewarded.

Gold credit cards will work for those, who have their spending under control and pay off the entire balance each month – otherwise the interest charges will considerably diminish the value of rewards.

Another benefit for gold credit card holders is higher level of protection. This can cover identity theft, credit card fraud or warranty extension programme. Some cards plans include free purchase protection plans – that means the items you buy using your credit card are protected from loss, theft, or accidental breakage for a certain period of time (usually up to three months after the purchase).

If you use you gold credit card to cover your travel expenses it is likely that you are entitled to insurance. Most banks usually offer a free number the clients can call if in need of medical or legal advice while traveling abroad.