Should you upgrade to a gold credit card?

While gold credit cards sound special, in all their glittery, shining colour, what it really is, is the middle of the range credit card. What is says about you is that you spend more on your credit card than the average Australian but are not spending anywhere near the likes of Gai Waterhouse.

What is a gold credit card?

The main difference between a standard credit card and a gold card is the rewards, rates and fees. While your interest rate and credit card fees will rise when you become a gold credit card holder, the rewards rise substantially also.

The gold credit card comes with a reward program so you can reap the benefits for your spending by cashing in on travel, gift vouchers, cash or purchases with your accumulated reward points.

Gold cards have the same interest free days and balance transfer rates as other cards. However, its rates can be as high as platinum credit cards, so be sure you can make the repayments before you start scouting for some shiny new plastic.

Compare gold credit cards to find one that will best suit your shopping needs. RateCity's credit card comparison will get you off to a great start.

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