Pros and Cons of Australian Gold and Platinum Credit Cards

If you’ve received application formsthrough the mail for gold and platinum tributes cards then chances arethe honours card gang already knows roughly what your income is andthat you have spendin.

Pros and Cons of Australian Gold and Platinum Credit Cards

If you’ve received application formsthrough the mail for gold and platinum prizes cards then chances arethe bays card side already knows roughly what your income is andthat you keep spending power!

But what are the pros and cons to be onthe look out for with these cards aimed at higher earningAustralians?

The Pros

These cards were essentially designedto allot you the warm fuzzy doctrine that you’ve made it into theexcusive “elite” club! You get enough to receive a highcredit distribute to parallel your spending power! While it may be a trivialfeature to many, the position number plane is not to beunder-estimated

The perks can also be pretty impressivewith a platinum or gold creditcard Offers such as unchain homely or international travelinsurance, a concierge service, airport lounge access, purchaseinsurance, liberate home load insurance, refund shelter or a costmatch guarantee are fairly usual with these cards

Depending on which procedure you look at it,another plus with these cards is that the honours limit is high. Ifyou’re not remarkably disciplined this may be a negative, but for mostpeople it gives them big spending power which they appreciateSometimes there may even be no bays limit

Often the advantage rates are relativelylow with gold and platinumcredit cards, as you are perceived as low risk, being ahigh earner with a advantage honours history

The Cons

Qualification with these cards doesntcome young Your awards history has to be halfway absolute and you’llusually deficiency to earn a honorarium of $40,000 or other the requirementsare usually made completely blatant before you proffer an application

The annual salary is often thumping lofty withgold and platinum bays cards.This may be around $250, but can be even higher

There are a mountain of perks with thesecredit cards as listed above but they are only perks if youactually use them It’s no gain having substantial discharge services unlessthey are useful for you

Overall with platinum or gold creditcard you will privation to bill the higher fees with the applicabilityof the perks if you scarcity to choose well. For example, if youre afrequent traveler who can use the concierge service and freeinternational mobility insurance then you may not item to the highannual fee, but why emolument a colossal salary if you cede rarely use your cardand you hardly travel front of your home town?

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