Gold Credit Card

Who Can Get a Gold Credit Card?

It depends on the bank's own guidelines.

It is not uncommon for the gold credit card to be a reward for the bank's customers, and part of a separate customer program. For example, the DNB gold card is reserved for premium customers in their SAGA program. The SAS gold card, on the other hand, has no such restriction, but requires that you have earned a number of flight points from the regular membership or silver level.

To be a premium customer in a bank, you are required to have placed significant amounts in a savings account or otherwise invested through the bank.

In other places, it may be free for everyone to apply, but perhaps with slightly stricter entry criteria than for the card issuer's ordinary credit card. There may also be a higher annual fee with the gold card.

What Are The Benefits of a Gold Credit Card?

Since gold credit cards are not a protected term, they can vary greatly from credit card company to credit card company. It is therefore important to read the description carefully.

If the gold credit card is to be a more exclusive variant of a standard credit card, it must offer something extra.

In this case, these benefits are very often related to travel. This can be earning flight bonuses or improved travel and cancellation insurance.

We note that benefits such as access to airline lounges and other VIP benefits are most often associated with even more exclusive credit cards than regular gold credit cards, such as platinum.

4 of The Best Gold Credit Cards

Here is a selection of credit cards that fulfill the function of a gold card. We haven't gotten too hung up on whether they call themselves gold cards or not, but that it is a collection of credit cards with "that little extra."

• TF Bank Mastercard - TF Bank is an online bank with Swedish origins. It only offers one credit card, and has not chosen to use the "gold" designation. It has an upper credit limit of 150,000 kroner, and an effective interest rate on used credit of 26.69 %. Since it is also free to use worldwide, it has one of the lowest effective interest rates on Finansportalen's overview of credit cards. In addition to included travel and cancellation insurance, you also get ID theft insurance included in the purchase.
• Circle K Mastercard is a credit card specifically linked to refueling with gasoline and customer relations at Circle K gas stations. The card is issued by SEB Bank, and has an upper credit limit of 50,000 kr. Among the user benefits are a 1% bonus at all Circle K stations in Norway and 0.5% at all Mastercard user locations worldwide. You also get a fuel discount of 75 øre per liter for the first 30 days. After that, you get a fixed 40 øre fuel discount at regular stations, and 20 øre at unattended stations.
• DNB Saga is the card for those with high income or wealth, as DNB itself advertises it on it´s website. This means that you must have at least 1 million kroner in annual income, or 2 million kroner invested in or through DNB. Then you are eligible to participate in the bank's Saga customer program. The card itself has a credit limit of 150,000 kroner and a nominal interest rate of only 18.6%. It includes some general Mastercard benefits and discounts, while also providing the opportunity to earn EuroBonus points.
• American Express Gold Card - American Express (AMEX) has a number of exclusive credit cards, graded from Basic, Green to Gold and Platinum. These cards have higher annual fees than those mentioned above. They are also not pure credit cards, as they must be paid off in full every month. The American Express Gold Card has an annual fee of 2,100 kroner. For this you get access to airport lounges worldwide, extended travel insurance and earning points. The points can be used for flights, overnight stays or regular purchases.

How to Compare Gold Cards

Gold credit cards must be measured against each other and against other cards according to the same principles as comparing regular credit cards.

You need to study the benefits offered, and then decide whether this is something you actually want to take advantage of. There is a lot to save on good fuel discounts, but it depends of course on whether you actually drive a car.

If you need time to pay off the credit, the interest rate that is stated is of great importance. The interest costs can exceed the profit from discounts and cashback if you have a constant lag.

You can easily compare the individual credit cards against each other by comparing on this page. Tick the cards you want to compare, and you will get a simple schematic overview of the benefits and other conditions.

Do You Need a Gold Card?

A gold credit card may have benefits that you might be interested in. But not all that glitters is gold. By that we mean that you don’t need a gold card just because it’s a gold card.

Look at the benefits and compare them to other cards in the same category, regardless of whether they call themselves gold cards or not. Then you can decide for yourself which cards you need and which is the best credit card for you.