If your annual earnings are in the range of $50k to $ 60k, then you may apply for a Gold credit card. There are a few things to bear in mind before going for a gold credit card. Annual Fees: Various banks in Australia are offering in gold credit card at $0, whereas some banks are charging annual fees as high as $120. Compare interest rate and the interest free days before selecting a gold credit card. The interest rate varies from 18% to 20%.  Most of the banks are offering a 55 days interest free. Choose a gold card which is cheapest and provides best services in the Australian market.

Most of the gold credit card offer variety of services and benefits:

1. Most gold cards offer travel insurance on domestic and international flights. Check : Are your family members covered? Are you and your family covered in case of ski accident and transport accident? Are there any hidden clause?
2. Personal concierge services will be made available to you 24*7.  It’s like having some one run errands for you. Book your tickets or ask them today’s weather.
3. Reward Points: Every time you use your gold card, you collect some points which can be exchanged for shopping vouchers, discount coupons or free domestic flights.
4. Credit Limit: Gold credit card holder enjoys a credit limit up to $100000/-. You can use this limit any time. Take care that you exercise extreme care while using this limit as you will be liable to pay high interest cost, in case you don’t repay the principal amount in time.
5. Preferential Treatment: Some banks offer preferential treatment for flight booking, hotel accommodation, while a few banks will do it on your behalf. You may get discounts or free passes in high end entertainment programs.

Select the best deal and use all the benefits provided to the gold credit card holders in Australia. This way, you save cost and enjoy best services. It’s a win-win situation.

Want to compare some of  the best gold credit cards in Australia?