Mortgages

Gold Card

credit card Gold credit cards are available to persons with an annual income of £20,000 although this figure may vary from credit card providers. These cards offer more competitive interest rates than standard cards and with a higher salary and therefore a higher spending power enable these cardholders who have higher credit rating a higher credit limit compared to Standard credit cards.

Applicants applying for Gold cards will normally need to have a good credit history with no record of CCJs or bankruptcy and good credit rating. Some banks require a minimum salary of £20,000 per annum.

 

gold credit cards When looking for the best gold credit card you should try to compare at least 3 different gold credit cards. Remember to look at the APR interest rate on offer; the annual percentage rate is calculated by the credit card company and includes the interest rate charged on outstanding balances, additional fees such as the annual fee, and any other fees or charges the credit card company intends to make.

You may wish to compare gold credit cards by looking at whether or not they offer an introductory rate. These can cover balance transfers and often purchases. They tend to be offered at a 0% interest rate with a fixed period of around 6 months, after which the interest rate increases to the standard amount.

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