After the introduction of silver credit cards in 1950, credit card companies began to realize that they need to create another very special credit card offer. The credit card offer that will attract people with high income and that will fully reflect their financial status. The deal that will offer the best perks and benefits. And soon they created this credit card. Most of us heard about it, but not all of us have it. I am talking about gold credit card.

But is this dream credit card offer really so great or is simply too much noise around it?

Gold credit card offers its holders many advantages:

• These cards usually have higher cash withdraw limits than the regular ones.
• Higher credit limits. You should take into account that you should have high income to apply for the card of this kind.
• Gold credit card holders have the best reward promotion packages. For example in comparison with regular credit card owners, they can get more miles with frequent flyer cards. If they have cash back cards, they can get a higher percentage on cash back return.

• 0% interest rate for 6-9 months when transferring their credit balance to another credit provider.
• Gold credit card owners get the best travel perks, like automatic upgrading when traveling.
• And the main thing that the owners of this credit card are offered to get- is respect and attention from others and from retailers.

My friend Richard or like we call him Ritchie has a Visa credit card. It is not regular Visa- it is Gold Visa credit card. Ritchie says it is the best thing he has!

He really takes care about his image as he is much respected in the society, so this card is in my opinion, a sing of his power. Richard himself says that he simply enjoys the card's benefits like 24 hour online access to his account. And he really likes to be in total control of his spendings. He claims that this credit card is top secured. I have no doubt about it! The owners of these cards are usually pretty well off and their personal information needs to be secured!

But the gold credit cards are not so perfect! They have several disadvantages too.

• You have to get a high salary if you want to apply for a gold card.
• These credit card deals have higher membership fees. I guess you have to pay a price for a privilege.
• You have to know that if you are applying for a gold credit card, it doesn't mean that you will necessarily get high credit card limit. When setting a credit card limit credit card companies not only pay attention to your salary and the ability to repay the balance, but also to your credit history. So if in the past you didn't manage to avoid debt, there is a chance that your credit limit will be even lower than on the regular card!

Dan applied for a gold credit card last year; he said he was looking for something special. He really doesn't care much about the image he portrays. Dan gets an average salary, but he was qualified for the card.

I met him about 3 months ago and asked about the card that Ritchie adores so much. I was so surprised and even a little bit shocked when Dan said that there was nothing special in this card, it was just like any other regular card for him.

At that moment I have realized that gold credit cards are made for the people who want others to know that they are more financially secured, but for those who don't mind to be average men on the street-it is just a regular card.

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