Title: A gold card for seniors' golden years - New York Daily News
Headings: A gold card for seniors' golden years
A gold card for seniors' golden years
Content: In addition, cardholders will gain access to senior-specific benefits, including a global assist hotline, which provides information about handicapped access; transportation assistance; and referrals to doctors and lawyers. AmEx also promotes senior membership rewards certificates, which offer deals on dining, shopping and travel. You can also enjoy protection from fraud and theft — American Express will insure purchases against accidental damages and theft for up to 90 days after the purchase. The benefits may be enticing, but the decision of whether you should sign up isn't so simple. "I don't know that rewards cards are always a good idea," said John Ulzheimer, president of consumer education at SmartCredit.com. Using a charge card is not the best idea for consumers who can't pay off their balance each month. If you carry a balance, "you are going to get slapped with a huge late-payment fee," said Curtis Arnold, founder of CardRatings.com. For people who charge groceries, prescriptions or other necessities if they're short on cash, this type of card is not ideal, Ulzheimer warned. "