Welcome to GoldCard.com

What credit card(s) do you own?

2011-07-17T07:24:00.000-07:00

Tell us, what type of credit card do you own?
Thanks for sharing.

Hi and welcome to GoldCard.com ! ! !

2011-01-27T04:43:00.000-08:00

Welcome to my blog at GoldCards.com

Here you will soon find the best information about finding the best credit card for your personal situation.

stay tuned for more credit card related news!

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Compare Business Credit Cards and Charge Cards

2010-06-17T04:37:00.000-07:00

What are the differences between business credit cards and charge cards? Why should small business owners use a business credit card in handling their expenses? This article should give the basic idea about charge cards and credit cards for business.

Charge cards
Charge cards can also be considered as department store cards or gas station cards. These are credit cards are used only in selected establishments. Thus, instead of paying cash, the cardholder can simply charge purchases to his credit card. At the end of month, the cardholder is expected to pay all his charges completely in order to keep his card active.

Credit cards for Business
As the name suggests, business credit cards are especially offered for small business owners or entrepreneurs. Just like standard credit cards, business credit cards can be used anywhere for purchase.

A billing statement will be sent to the business credit cardholder each month. The entrepreneur may choose to pay all his charges in full or to pay only the minimum due and carry over the rest of his balance for the next billing cycle.

Aside from the monthly billing statements, business credit card companies also send quarterly or yearly account summaries to help the business owner monitor all expenses made for the past quarter or year.

Charge Cards and Business Credit Cards
Both charge cards and business credit cards can be used build business credit. As long as the credit card issuer reports your payments to the business credit bureaus, you can build your business credit history with the use of these cards.

Which ONE Is Better?
So which one is the better credit card? For those who need to build business credit but is also on a limited budget, a charge card is a good choice because balances can be paid off on a monthly basis.

However, for those who need larger credit limit to finance their business, a business credit card offers more flexibility and more options. For instance, if you need to purchase expensive equipment, charging this to your business credit card and paying for it installments will give you the chance to finance your assets without spending a large amount of cash.

Another advantage of using a business credit card is the chance to participate in its reward programs. Since entrepreneurs often spend a lot on business needs, it is so much easier to collect points and earn rewards.

Charge Cards

2010-02-27T11:17:00.000-08:00

In a nutshell
A type of credit card where the balance owing at the end of every month must be paid in full.

Best Credit Card For
Wealthy individuals, those willing and able to pay their card balance every month, businesses

Credit Amount
Most charge cards come with no pre-set or with relatively high credit limits. Unlike standard credit cards, you will have to pay off your balance at the end of every month, so card providers often view it unnecessary to have an ongoing limit.

Advantages
A charge card is as easy to use as a credit card - so it's a much more convenient way of having the cash you need at hand when you need it. If you have high/no credit limit then you can use a charge card for any size of purchase. You also won't have to worry about interest charges being added as you won't be building up any debt this way. Most charge card companies also offer rewards systems for their customers. These can include cash back schemes, discounts, free services and points systems that you can use towards various purchases etc. Many businesses use charge cards instead of company credit cards as they are as useful as credit cards but can be managed more stringently.

What to look out for
It can be quite hard to actually get a charge card in the first place. Most cards will insist that you have a certain salary level before you will qualify and they'll generally want a very good credit rating before you'll get accepted. You're also almost guaranteed to be charged an annual card fee as well. You may also find that many charge cards are not universally accepted wherever you go. Many retailers find that their transaction processing fees are too high so simply will not accept their cards.

Some people can get into financial trouble with charge cards simply because there are no limits on their spending. So, you can get to the end of your monthly period and find that you've spent a lot more than you thought. Although charge cards don't work in the same way as credit cards in interest terms, you will be charged interest if you fail to meet a payment obligation and interest will keep being added until you settle your bill. You may also have some of your purchasing rights suspended or have your card stopped. If things go too far then you will blacken your credit rating and may be subject to legal action from your card provider.

Alternatives
A charge card is really the only card of its type. If you are worried about being able to pay back your spending every month, then you should consider a standard credit card.

2009-12-18T06:28:00.000-08:00

A gold card is a credit card that offers a larger credit line and more benefits than a standard card. Benefits may include travel services and rental car insurance.

Benefits to customers

The main benefit to each customer is convenience. Compared to debit cards and checks, a credit card allows small short-term loans to be quickly made to a customer who need not calculate a balance remaining before every transaction, provided the total charges do not exceed the maximum credit line for the card. Credit cards also provide more fraud protection than debit cards. In the UK for example, the bank is jointly liable with the merchant for purchases of defective products over £100.

Additionally, carrying a credit card may be a convenience to some customers, as it eliminates the need to carry any cash for most purposes.

Shop online here to find the credit card for your needs. We have credit cards which offer rewards and 0% aprs