Have you ever dreamed about having a gold credit card? This credit card, that shows your financial status and good credit history, appeared in 1960s and since that time was a reflection of the financial status of its owner.

There is no doubt that gold credit cards have many advantages. The main advantages are high cash withdraw limits and higher credit limits that their owners can enjoy. Gold cards offer 0% interest up to 9 months when transferring your balance to one credit issuer to another. Gold card holders will also feel really special with great rewards promotion packages. If you owe gold cash back credit card – you will get a higher percentage rate of cash back return or if you owe a frequent flyer card, you will get more air miles, etc.

Gold credit cards will also give its owners better travel perks such as automatic upgrades when traveling.

Finally, gold credit card is very prestigious to owe as credit card companies will be more attentive to you and will have much more trust in you.

But the reality is that gold credit cards are not so perfect. To get approved for this card you really should have good and stable income as well as high credit score - about 700. The main reason for that are high annual membership fees. The credit limit on gold credit card will be set not only on your annual income and ability to repay the balance on your card, but it will also be based on your previous credit history. So even you have high income, but your credit history was not so perfect in the past, there is a possibility that your credit limit will be even lower than on standard credit card.

Although most gold credit card owners feel really confident about themselves and their financial status, the statistics shows that almost anyone who owes an average salary can apply for a gold credit card now. Most of the consumers now think that gold credit cards carry the same functions as silver and even standard credit cards. The only difference is very high membership fees that apply to gold credit card owners.

With all said it is up to you whether you want to owe a gold credit card or not. It depends on your personal features of character – if you financial portray is important to you, there is no doubt that your gold credit card is a sign of your financial security! Even if you don’t care much about your image still gold credits cards is an attractive option for you as they appear to be very beneficial for you.

On the other hand, many people simply don’t find gold credit cards to be the best deals for them and prefer standard credit offers. It is always up to you to choose the best card for yourself from the variety of credit card offers on the market.