Are “gold cards” the best credit cards?
Credit card issuers will tell you that a gold credit card is indeed one of the best credit cards to have – a status symbol that says something about you. In reality all it says is that you are probably earning more than the national average wage and that the issuer has decided you are a better than average credit risk. A gold credit card tends to have a higher credit limit than ordinary credit cards and will allow you to draw more cash out on a daily basis. However there may well be some advantages to having a gold card in the shape of the various extras such as insurances which usually come free with the card. Of course these policies are not really “free” you may be paying for them through a larger annual fee. All the best credit cards seem to have the same symbols on. Why is this? There are literally hundreds of different cheap credit cards on the market and some not so cheap! with a variety of terms and conditions. However a large percentage of them actually operate through just tw
