Even in the midst of a recession, there are those who have and those who have not. Those who have money generally know how they got it. Those who ‘have not’, excellently referred to as the “Not So Well To Do’s” on Free From Broke, by contrast generally have no idea why the have no money! Anyway, I digress.
For those who have, there are a number of ….’options’ when it comes to the golden variety of plastic. I thought I would take the time to do a post on the gold cards on the market in Australia and here’s what I’ve come up with.
If you’re is looking for high credit limits, then check out the CitiBusiness Gold Card or American Express Gold Choice credit cards. The CitiBusiness Gold Card has a whopping $60,000 credit limit while the American Express Gold Choice Card has a maximum $50,000 credit limit … for those who qualify. Both cards feature aggressive reward point systems and 55 day interest free days, but the CitiBusiness Gold Card also offers 7.99% p.a. for 6 months on balance transfers.
Those ‘who have’ and are looking for gold credit cards with a comparatively low APR might be surprised to find the ANZ’s Gold Visa Card or the Citibank Gold Card. The ANZ Gold Card has 17.49% per annum interest rate which is much less than the 19.99% of the Citibank Gold Card.
- The ANZ card offers 44 days of interest free days on purchases as well as 24/7 travel assistance wheras the Citibank gold offers 55 days interest free, travel insurance plus access to Citibank World Privileges.
- Both the ANZ Gold Visa Card and the Citibank card come with international travel insurance.
- The ANZ Gold Visa Card comes with a credit limit up to $25,000 and a 7.99% balance transfer period of 6 months.
- The Citibank Gold Card comes with a credit limit up to $25,000 and a 2.9% balance transfer period of 6 months.
- For those who travel internationally it is worth noting that Citibank has branches in many countries which might just sway you….if you are a ‘have’.
Don’t overlook the NAB, which offers the NAB Qantas Gold Card allowing cardholders to earn Frequent Flyer points on everyday purchases. The NAB Qantas gold cards feature slightly higher APRs than their non-Qantas counterparts at 17.99%.
If you’re looking to transfer large balances at low interest rates then they ought to look at the Citibank Gold Card or the CBA Gold Card. The Citibank Gold Card offers an incredibly low 2.99% per annum rate on balance transfers for a full year while the CBA card offers a very reasonable 5.99% per annum rate on all balance transfers for a 5 month period.