Are Gold and Platinum cards a good choice for you?
Gold and Platinum credit cards are premium credit cards designed for people with higher incomes. They usually offer a higher credit limit as well as more attractive bonus features and better reward packages.
Top-tier cards generally come with a higher rate of interest and higher fees, finely balanced with perks to make it worth the slightly higher costs of the card.
How do I choose the best Gold or Platinum credit card?
Gold and Platinum cards are all about the perks and the reward packages, so choosing the best one for you depends on your lifestyle. They may appeal to a high spender, a time-poor person, a frequent diner-out or someone considering the value of free purchase protection and travel insurance.
When shopping around consider the interest rates, annual fees, and a reward package that suits your needs and how they impact the value that you receive.
Avoid the biggest mistakes
The biggest mistake with Gold and Platinum cards is choosing features that don’t offset the costs. You should choose a card that offers a range of benefits and features that you will most likely use and also give you value for money.