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Gold Credit Cards |
With the many benefits and features
that are included in a gold credit card as well as the pampering
that is given to gold credit card holders, it is explainable why
a lot of people want to get a gold or premium credit card. But possessing
this type of credit card is sometimes not a wise financial decision.
Generally a gold credit card is more expensive in that they have
higher annual fees compared to regular credit cards.
There are also some credit card companies that impose a higher interest
rate to gold credit cards (maybe thinking that they have the financial
capabilities for to assume higher costs). More significantly there
are actually gold or premium credit cards that will only allow you
to purchase items from specialised catalogues that the credit card
company will provide with your statement. This may be the most significant
piece of information that you need to know. A lot of gold credit
cards look like they are just like regular credit cards that will
allow you to purchase in any establishment or store, but many people
who applied for a gold or premium credit card would be surprised
if, after their application has been approved, they discover that
the credit card that they applied for is only applicable for catalogue
shopping.
So you should be very discerning when trying to apply for a gold
or premium credit card. Read the fine print and determine what exactly
is each credit card company is offering before actually applying
so that you do not waste time and effort applying for a credit card
that you may not use anyway. |
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