Are you lucky enough to qualify for a gold credit card? If so this guide offers all you need to know about making a gold credit card comparison.
Being a gold credit card holder has always been a sign of status as it illustrates that you’re in the bracket of individuals who credit companies regard as the most desirable.
Do I quality for a gold card?
Getting a gold credit card is much easier than used to be the case. However, it still bestows a signal of status.
You’ll have to earn more than a certain amount every month and have a very good credit history to be considered for a gold credit card. In return you’ll have a card with all sorts of benefits including an introductory zero percent on purchases and balance transfers, a higher gold credit card limit and all sorts of other goodies.
How to compare gold credit cards
Aside from being able to show off to your friends, the most attractive thing is probably the gold card benefits which come with each card. These could be anything from airport lounge passes, complimentary insurance, air miles or gadget cover.
Finding the right gold credit card for you will depend greatly on which combination of these offers is most appealing to you. Perhaps you go on holiday a great deal in which case air miles would be more appropriate.
Comparison sites like our table here also are a good way to find a list of gold credit card offers side by side and most companies should make it easy to apply online.
Searching this way allows you to make quick comparisons against factors such as, interest rates, introductory balance rates, and of course the extra benefits.
You can also make use of these cards in a highly intuitive way by swapping providers once the zero percent purchase rate has expired. This takes a great deal of management and efficiency, but can save money in the long run.
Gold credit card extras to look out for
Before you make your final choice here are a few niggly little details to keep an eye out for.
Fraud can always be a problem, even when you take precuations, so you may want to check if they offer gold credit card insurance to reimburse you for any fraudulent transactions made on your account.
Most of all, as with any credit card product, make sure you’re able to pay off the balance every month. The high credit limits can be tempting and it’s easy to splash out on high purchases which you can’t really afford.
For more information or to make a gold credit card comparison, have a look at our handy guide.