Gold Credit Cards
For those who want a bit more prestige than a standard credit card, but don't want the fees of a platinum card, gold credit cards are here.
Gold cards are for moderate to high spenders who want more from their credit cards than the convenience of charging purchases. Gold credit card holders enjoy enrollment in the top rewards programs, personal concierges, purchase protection and travel insurance and a host of other exclusive features that mark them as preferred cardholders. Gold cardholders enjoy the perks of the privileged class of card users but with reasonable annual fees and interest rates.
Gold Credit Card Comparison
Gold Credit Cards Available To Australians
The following list is a comparison of interest rates, interest free days, and annual fees of Gold Credit Cards.
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Citibank Gold Card has a 20.99% p.a. interest rate, up to 55 interest free days, and an annual fee of $149
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American Express Gold Ascent Card has a 0% p.a. for 6 months (reverts to 20.74% p.a.) interest rate, 44 interest free days, and $0 annual fee
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HSBC Gold VISA Card offers a 19.99% p.a. interest rate, up to 55 interest free days, and a $89 annual fee
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Bankwest Lite Gold MasterCard has a competitive 10.99% p.a. interest rate, 55 interest free days, and an $99 annual fee
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Commonwealth Bank Gold Awards Credit Card offers a 20.74% p.a. interest rate, 55 interest free days, and a $144 ($114 for qualifying customers) annual fee
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ANZ Gold VISA Card offers a 18.99% p.a. interest rate, 55 interest free days, and an annual fee of $87
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NAB offers 3 cards their Gold Card with a 19.74% p.a. interest rate, 44 interest free days, and a $90 annual fee, the Qantas Gold and Velocity Gold Cards each with a 20.24% p.a. interest rate and $145.50 annual fee , and 20.24% p.a. interest rate and $150 annual fee respectively.
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Bankwest Zero Gold MasterCard with a 1% p.a. for 6 months (reverts to 17.99% p.a.) interest rate, 55 interest free days, and $0 annual fee
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Westpac offers 3 Gold Cards the Earth Gold with a 19.99% p.a. interest rate, 45 interest free days, and a $075 annual fee as well as the Westpac 55 Day Gold Card which offers a 19.59% p.a. interest rate, 55 interest free days, and a $0 annual fee for the first year and $90 each year after, and finally the Westpac Altitude Gold Card which gives a 19.99% p.a. interest rate, 45 interest free days, and an annual fee of $150.
How Gold Credit Cards Work For You
Because the eligibility requirements are more strict to receive a gold credit card, the benefits of having one are more than with standard credit cards. When you use a Gold credit card it gives you an air of importance and not only that, it is very beneficial as well. They offer a lot of extras that you really can't get with standard cards, and are worth so much considering the piece of mind you will have by owning one. It is very important, however, to take advantage of the rewards that are offered by each credit company. If you fail to take advantage of them, it is the same thing as throwing money out the window.
With a Gold credit card, owners receive many different benefits including the basic points system known to many other types of credit cards. Things like shopping, travel, air miles and such are common among Gold cards. Another added feature to owning Gold cards is the added protection that comes with them against theft and fraud. There are more security features when you use these cards. You can also make use of the warranty extension program, which is a safety net for home appliances, and offered with most Gold Cards nowadays.
Gold cards security features
Because of these standards, Gold cards offer low interest rates and security features not known to other credit card companies. With the Gold card their protection against criminals and identity theft is enabled by the company. For those who have had bad experiences, which is happening more and more these days, you can rest assured with the Gold card that every precaution and protection against fraudulent activity has been set in place.
If you have a problem with identity theft or criminal activity you will not be held responsible for the debt. Not only do they offer those services, but they will often protect your items purchased, and transactions, from loss and damages. Gold cards also offer an additional year, on top of the one already given by the manufacturer, as a warranty on their products. When you travel with Gold you will know that you have a good line of credit and that no matter what, you can use the credit card to make purchases both securely and at a decent rate of interest.
Requirements of Obtaining a Gold Credit Card
Since there are more benefits with Gold Credit Cards over regular cards, obtaining one is more difficult. There are income requirements to have a gold card as well as a strict credit check that requires the applicant to have a credit report that is free of negative credit marks.
Other Benefits
Other benefits of being a member with a gold card are extended warranty protection on selected purchases that cover against theft, loss, or damage. The card holder is also protected by a zero liability option on fraudulent purchases, which also includes charges incurred by identity theft. If you have additional cards with higher interest rates an excellent member benefit is the 0% balance transfer option that is available to gold credit card members.
If you have an emergency, a Gold card can really help you out. There are not many emergencies that you wouldn't be able to use your card for, which is comforting to know before any unexpected events occur. It is also nice to know that with a lower interest rate you will not have to worry about repaying it immediately, and will have more freedom to work on repaying the debt.
You will have added protection when you travel with a gold credit card, which is especially important if you are with your family. That little bit of extra security can help make your holiday all the more better by offering that extra peace of mind.
No matter what financial options or incentives you find attractive with credit card plans any of the Gold Credit Card options listed will be sure to appease your needs. Australians have access to many different cards and options plans with the Gold Credit Cards available. These cards are sure to cover as many diverse financial needs as there are diverse citizens who require them.
