Knowing the difference with Gold and Platinum Credit Cards

Thursday March 19, 2009

Gold and Platinum credit cards are offered by all financial institutions and offer excellent motivation for cardholders with their benefits available, but be warned of the conditions of use as there are some extra fees attached.

These types of credit cards are attractive to people wanting to maximize their credit cards potential with limits and reward programs while being assured of extra security measures in place. Gold and platinum credit cards will often cost more in annual fees and rates while having limited ability of reducing debt.

Essentially, the best customer for a gold and platinum credit cards are those who are certain they can make repayment within the standard 55 days interest free period, leaving them benefits without the negatives.

Some of the major banks current gold and platinum credit cards on offer include:

• ANZ Gold Card Credit Card

• ANZ Frequent Flyer Visa Gold Credit Card

• ANZ Rewards Visa Gold Credit Card

• Commonwealth Bank Gold Credit Card

• Commonwealth Bank Platinum Credit Card

• NAB Gold Credit Card

• NAB Qantas Gold Credit Card

• NAB Qantas Platinum Credit Card

• NAB Velocity Gold Credit Card

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