Gold credit cards

What are Gold Credit Cards?

Gold credit cards are reserved for relatively high earners with blemish free credit histories, and offer high credit balances as a result. The typical criterion to be met by a successful gold card applicant is:

• You must be 25 or over
• You must earn £25,000+
• You must have an excellent credit history

What are the Benefits of a Gold Credit Card?

Gold credit cards often offer both 0% on purchases and 0% on balance transfer introductory deals. Other benefits can include such diversities as free travel accident insurance policies and extended warranties.

What else should I know about Gold Credit Cards?

• Beware of cards that offer 0% on purchases deals in conjunction with 0% balance transfer deals. The point of transferring the balance is consolidation, not to facilitate more spending.
• Interest on cash withdrawals is high, sometimes up to 25%.
• Prestige credit cards are exclusive, and if you don’t meet the specified criteria then the likelihood of having your application for a gold card accepted is minimal.

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