Many charge card companies attempt to attract customers by offering services such as:
- Rental Car deductible insurance
- Loss, theft or damage insurance on purchases
- Automatic extended warranties on purchases
- Medical assistance
- Card replacement
- Legal assistance
- Road Side Service
For a few extra dollars a month. Some charge card companies even offer these benefits and others for FREE Usually they are limited to the Gold Card holders. Gold card holders are the upward mobile big spenders. Typically, your income or the combined family income must be at least between $25,000 and $50.000 per year with the average gold card holder earning $35,000 a year. These cards are certainly worth the extra dollars paid in annual fees. Why? Primarily because of the usual FREE benefits listed above and the minimum credit limit on a gold card is about $5000, making it the only card that most people need. Use your discretion when choosing to obtain any of these services, especially if they are not free.
