March 17, 2010
Silver credit cards are prestige cards that are aimed at the more budget conscious credit card holder.
Gold cards were the first prestige card. They were cards that were aimed at the top end of the credit card market with better services offered for a higher interest rate and higher fees. At first gold cards were invitation only, and they had quite a high perceived value due to their scarcity. However, due to customer demand and competition among card holders many of these cards quickly became available to the general public upon application. read more…
November 23, 2009
Credit card rewards have been important for many consumers when choosing their cards. Credit card rewards can either be as cash back, discounts off selected goods or given in the form of goods. As the Credit Card Act 2009 makes credit cards more expensive, many credit card rewards are being reduced.
Cash back rewards are when the credit card company gives back a proportion of cash spent on the card to the credit card user. These cards rarely have good interest rates. The cash given back is usually between 0.25% and 1% of the amount spent on the card. There are some cash back cards that offer introductory rates that are far higher for the first few months that the card is held. At times this is as much as 5% of the amount spent. read more…
