Tips for Choosing the right Credit Card
by Shane Stock

Gold Credit Cards

Gold and Platinum credit cards generally have higher interest rates and yearly fees than other cards, however they also have higher rewards associated with the cards as well as other member benefits. When comparing these types of cards it is important to match the associated benefits of the cards to your own specific needs.

Income requirements for these cards can be higher than the standard credit cards, and then available credit limits are also generally higher.

These cards might be best for:

• People who are disciplined and pay the card balance off monthly, remember this is important do you don't step into bad credit territory

• Use the cards for convenience for everyday purchases. Buying everything on your card and then paying it off within the interest free period allows you to obtain reward points and not pay interest charges

• Travel frequently - can redeem rewards point for flights

So, when selecting a credit card take all these things into consideration. Decide which card fits your lifestyle choices.

Before applying for any credit card, be sure to discuss your specific financial needs with your financial advisor.

Shane Stocks writes articles for Australian financial website http://www.creditmart.com.au You can read other credit card articles regarding comparing credit cards by visiting their associated websites.

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