Although the Alabama Central Credit Union offers a Classic Visa credit card, it does not offer a Gold Visa card. This article will discuss how a gold credit card differs from a classic credit card and some of the benefits.
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Gold Credit Cards Appeal
One of the reasons for a gold credit card is that it is attractive to cardholders. When one thinks of gold, you usually think of wealth, luxury, and prestige. Owning a gold credit card places you in a more exclusive group.
Individuals who have a gold credit card experience benefits that regular credit card holders often do not.
Gold Credit Card Benefits
Gold credit cards offer more benefits than traditional credit cards. The conditions and terms vary depending on the financing bank and credit card, but many of the benefits are standard.
Gold credit cards have lower APRs and credit lines that are larger than standard credit cards. Many of the gold cards have protection coverage for travel such as lost luggage protection and rental car insurance.
Gold credit cards include purchase insurance so that you are protected if recent purchases are stolen or lost. Gold cards also have card replacement and emergency cash services.
Owners of Gold credit cards enjoy special members’ only sales and discounts at preferred retailers. They also receive exclusive opportunities to purchase tickets for sports, concerts, and other events, including pre-sale tickets.
Gold credit cards also have better terms for rewards so that members get cash back and other benefits quicker than with standard cards.
Gold Credit Card Cons
Even though gold credit cards come with benefits, there are additional fees associated with them. There is usually an annual fee and many cards have steeper penalties and fees for missed payments or overspending. The accompanying protection programs often have monthly or annual fees.
Find out all of the fees before deciding if a gold credit card it worth getting: http://www.jdpower.com/finance/ratings/credit-card-ratings/.
Use the credit card chaser on this page to compare credit cards online.