Upgrading To Gold
For credit card customers who want to take advantage of more premium services, there are cards specifically designed to go that extra step for cardholders.
Gold credit cards are the next step up from the less common Silver offers, featuring additional services and options that can be a huge advantage. Comparing these cards and the application requirements will help you figure out if a Gold credit card is just what you are looking for.
Gold Credit Card Features
One of the biggest features of Gold credit cards is an increased credit limit, like the CitiBank Gold Card, which offers a limit of $25,000 with up to 55 days interest free. This card also offers a range of additional benefits and rewards, including:
- Complimentary international travel insurance
- Purchase cover insurance for lost, stolen or damaged goods
- More opportunities to earn points and more points per dollar
Variations of these benefits are also common with other Gold cards, like the Bankwest Zero Gold card’s purchase cover and automatic airline travel and accident insurance or the Westpac Earth Gold rewards program which provides membership to the Qantas Frequent Flyer program and more opportunities to earn points.
Some Gold cards will also reward loyal cardholders with other benefits like $0 annual fees or multiple rewards programs, making them ideal for regular credit users who want more from their cards.
Gold Credit Card Requirements
The requirements for Gold credit cards will vary with different credit card providers, but there are a few considerations that can generally be applied to any application. These include:
- Being 18 years or olde
- Status as an Australian citizen or Permanent Resident
- A good credit history; and
- Stable income, usually with a minimum of $30,000 or more
Many people that have maintained a credit card for a few years may be able to upgrade to a Gold option seamlessly, so check with your provider about what options are available to you. Otherwise there are a multitude of Gold credit cards to choose from.
Gold credit cards are a great way to get added benefits from using credit cards and a great reward for reliable credit cardholders. By comparing different Gold credit cards you can make sure you get the best possible deal to suit your credit card use and lifestyle.
