Wednesday, February 28, 2007

Credit Cards For High Earners

Credit Cards For High Earners

If you earn over £20,000 you may be able to opt for a gold credit card. Now gold credit cards are similar to platinum credit cards and they are designed to give you more privileges. However, some people claim that they do not get many privileges compared to when they had their previous credit card deals and the interest rates are not always as they seem.

So, should you opt for a gold credit card? Well it is completely up to you and if you do you will notice that it is accepted almost everywhere. Some cards are not accepted and that can lead to embarrassment as well as frustration. With a gold card you will certainly not be embarrassed but you really do need to check those interest rates. So many companies offer low rates for a certain time period and people think that they are that price forever. So, read through the terms and conditions and be sure that you are getting the best deal by checking various credit card comparison sites.

Overall gold credit cards are classed as one of the best cards to have, however you do have to be careful. If you can afford it there is no reason why you should not have one but most lenders require you to earn over £20,000 in order to have one.