In the world of finance, it is important to understand the terminology used by card issuing banks. Three common terms used to distinguish between levels of services are Gold, Silver, and Classic/Executive. The premium segment of these cards is the Gold card, which offers higher insurance coverage, exclusive privileges, and discounts. While there is an element of prestige associated with owning a Gold card, it does come at a cost. These cards typically have the highest fees and service charges.
