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Gold Credit Cards Are Not Just For The Privileged
By: Peter Kenny
Gold credit cards, as with platinum cards, are a type of premium credit card
that is offered by credit card companies to their preferred customers. They will
also be offered to hand picked individuals that the credit card company would
like to add as customers.
In practice gold cards are very similar to platinum cards and there is actually
nothing specific meant by the fact that a card is designated a gold card. It is
really just a way for each credit card company to differentiate their own
products and the various credit cards that they have on offer to their
customers. What one credit card company calls a gold card, may be called a
platinum credit card by another company, while at the same time, such a card may
be given no special designation by another company. The point to remember in all
of this is that every credit card has to be looked at and judged on the terms
and rates that it offers and if you are going to sign up for any credit card,
then you should take the time to consider what it is you are agreeing to and
whether or not the offer is attractive to you. You cannot simply rely on the
fact that the company offering the card has decided to call it a gold card or a
platinum card as this will not tell you if the deal is a good one or not.
Typically however, most credit card companies will reserve the names of gold
card and platinum card for the more attractive of their cards. These cards will
be harder for applicants to qualify for. They will generally have a higher
spending limit and a better rate of interest. They might also have lower charges
for using the card abroad or for cash advances. Many gold or platinum cards will
offer an attractive reward scheme or cash back offer and you should look out for
other offers that the credit card provider will make in order to make their gold
card more attractive to customers.
Some companies will consider that their gold card or platinum card is so
attractive that customers will be willing to pay a monthly or annual fee for the
card. These cards generally do have good terms and are attractive but you will
still have to check carefully before agreeing to pay for the card. In fact, the
terms and rates that are offered by most credit card companies these days on
their free credit cards will be so good that it will be difficult for credit
card companies to persuade customers of the benefits of paying for a premium
credit card.
About the Author:
Peter Kenny is a writer for creditcards-gb.co.uk. For additional articles and an
extensive resource for everything about credit cards, please visit us at www.creditcards-gb.co.uk
and www.creditcards2go4.com
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