Gold Credit Cards

A Gold credit card is usually preferred by credit card holders who have a high spending limit. Both Visa and MasterCard offer gold credit cards that are premium credit cards. These cards are accepted globally by both online and traditional merchants.

There are number of facilities that are available with Gold Credit Cards:

* Low Interest Option
* Cash Back on Fuel Purchasing
* Travel Cash Back
* Net Banking
* Repayment Cheque Pick-ups

Low Interest Option:

There are many options available in this credit card. While transferring balances one can choose from various options that are made available to the customers by the Credit Card Gold.

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Cash back on Fuel Purchasing:

The cash back offer on fuel purchase is a special feature provided by Credit Card Gold. Credit Card Gold also offers discounts on fuel surcharges if the purchase is made with more that a certain amount of money. This offer is normally available at most of the gas pumps across the country.

Travel Cash Back:

Credit Card Gold also offers cash back policies while the card holder travels in different places. The Credit Card Gold sometimes offer a certain percentage of money if the hotel is booked through them. They also give a certain percent discount if the air ticket is booked through the credit card company or the traveling company associated with them.

Net Banking:

Though this facility is available in all kinds of credit cards but the Credit Card Gold offers special facilities like bill payment on line. This card also offers loans and balance transfers through phone calls.

Repayment Cheque Pick-Ups

Many banks through Credit Card Gold provide Repayment Cheque Pick-Ups facility for the card holders as the system helps the customers help saving valuable time. Though one needs to inform the concerned bank some times earlier.

There are many banks who offer Credit Card Gold facilities which are most of the times marginally different from each other in some way or the other. Banks like HSBC,CITY bank and many banks offer these facilities.

Credit Card Back Draws

But before getting enlisted with these banks one needs to look into the contracts carefully. There are hidden or additional prices most of the time which the customer does not get to understand before the contract is finalized.

Some times these companies initially promise to get one better credit when somebody has a bad reputation. But one should remember that it is not always easy to erase bad records.

One should also be aware of the Credit Card Gold catalogs that are said to have big cash backs or discounts. But it has often been seen that these cataloged prices are often more than the normal buyers' price. So in that sense there never is a discount or cash backs.

Gold Credit Cards: Features & Benefits

The features and benefits of the Gold credit cards vary according to the policies of the issuing bank or financial institution. Some of the common benefits and features include:

* Instant card replacement in case of emergencies.
* Emergency cash advance service.
* Round-the-clock stolen or lost card reporting services.
* ‘Zero Liability’ feature, wherein the cardholders only pay for authorized card transactions.
* Emergency legal and medical assistance.
* Global assistance to locate ATMs.
* Availability of worldwide 24/7 emergency customer service in different languages.
* Car rental insurance that covers the car in case of collisions or damage.
* A minimum credit limit of $5,000.

Popular Issuers of Gold Credit Cards

Some examples of Visa gold credit card issuing banks:

Canadian Imperial Bank of Commerce

* Royal Bank
* Citizens Bank
* ANZ
* Standard Chartered Bank

MasterCard gold credit card issuing banks include:

Citibank

* HSBC
* Bank of Montreal
* Bank of America
* State Bank of India

The issuers of the Visa and MasterCard gold credit cards vary from one country to another.
Visa Gold Credit Cards: Restrictions

The ‘Zero Liability’ feature has been extended by both Visa and MasterCard to protect cardholders from fraudulent card transactions. This program covers both online and traditional card transactions. However, to benefit from the ‘Zero Liability program, a cardholder must have:

An account with a good credit history.

* Exercised reasonable caution to protect the card from any type of fraudulent use.
* Reported only two events of unauthorized use in the span of the past 12 months.

Gold Credit Cards: Application Requirements

Only individuals who have reached the legal age of adulthood are eligible to apply for the Gold credit card. The legal age might vary from one country to another. Additionally, the applicants must have a good credit history. People who do not have a background of bankruptcy or delinquent accounts can apply for a Gold credit card.

At times, Gold credit cards are available at very low interest rates. This eventually results in multiple savings at every Gold credit card transaction.