Not quite ready for a platinum account but want more rewards than your standard credit card is offering? A gold credit card could make your perfect travelling companion, this mid-level card comes with more perks than a standard credit card but no heavy fees that are associated with platinum cards.
So what makes gold credit cards gold?
Before you take the next step and commit to a flashy gold card you need to be aware that they come with higher interest rates and higher ongoing annual fees than a standard credit card. However, they are lower than a Platinum card and usually offer the same amount of interest free days as a standard card.
The real benefits of going gold are the rewards.
What are gold credit card rewards?
Upgrade to a gold credit card and your travel insurance needs will automatically be covered. Considering Australian's made 8.4 million short-term overseas trips in 2012-13 alone, this could save you hundreds a year.
Most also offer free extended warranty and purchase security insurance, which covers repair or replacement of most purchases that are lost, damaged or stolen within a particular time period after purchase.
Earn extra reward points every time you use your gold card. These can be redeemed for gifts, cash, travel or shopping. You can also trade in your points for other travel programs such as Qantas Frequent Flyer points.
Looking for a Gold credit card? Compare credit cards at RateCity.com.au to find one that truly lives up to its name.