There are a variety of different types of credit cards such as store cards, platinum, gold or standard credit cards. They can all come with different privileges though in the past carrying a gold or platinum card carried some prestige with it, today there isn’t much difference. The only difference you may notice is that you may be charged an annual fee for gold card status.

Sometimes the gold and platinum edition can come with benefits such as coverage when you travel, but for the most part, carrying a gold or platinum card will not be much different than carrying a standard issue credit card. The most important aspect of any credit card you will be using is to read the terms and conditions otherwise known as the fine print. You may be hit with unexpected fees if you are unaware of any restrictions or stipulations on the use of your new card.