Major Banks Gold and Platinum Credit Cards offers
Monday March 9, 2009
All major banks in Australia offer Gold and Platinum credit cards with great benefits attached that can make using credit a great experience with all the fun extras including reward points, enhanced security, high limits, discounted services and travel insurance for credit card holders and families.
However, tread carefully, as with all benefits comes added responsibilities and conditions. Gold and platinum credit cards will cost more in annual fees and rates with limited ability of reducing debt. Essentially, gold and platinum credit cards appeal to credit card users intending to pay balances within the interest free period, therefore gaining the benefits of such a credit card without the negatives.
Banks sometimes offer several different types of gold and platinum credit cards. The NAB offers three types of cards within the gold and platinum credit card category with the NAB Gold Credit Card, NAB Qantas Gold Credit Card, NAB Qantas Platinum Credit Card and the NAB Velocity Gold Credit Card.
The NAB gold and platinum credit cards have excellent security features through its Extended Warranty Insurance and Purchase Protection Insurance along with relatively low interest rates and zero-interest days for selected transactions.
The ANZ bank also offers its own brand of gold credit cards in the form of the ANZ Gold Card Credit Card, ANZ Rewards Visa Gold Credit Card and the ANZ Frequent Flyer Visa Gold Credit Card. The ANZ bank gold credit cards have a double-layer insurance protection in its Purchase Security Insurance with up to 55 days as an interest-free period and a low annual fee to be paid. There is also travel and medical insurance for overseas trips.
Finally from the major banks, the Commonwealth bank offers both the Commonwealth Bank Gold Credit Card and the Commonwealth Bank Platinum Credit Card which has excellent shopping benefits, insurance options, security and reward programs. The gold credit card from Commonwealth Bank also offers free international travel assistance, up to 55 days as an interest-free period and a low interest rate and balance transfer rate for the first five months.
Overall gold and platinum credit cards have many benefits for those looking to maximize their credit card use, but of course, read the fine print.
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