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Provincial Trust Gold Card Shopping Card Review

21 May 2011 by CreditCardsCo™

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If you haven't had the greatest experience with credit in the past, you might be discouraged about the potential for credit in your future. If you live in Canada, though, you can take advantage of the purchasing power provided by the Provincial Trust Gold Card.

People make mistakes, but when it comes to your credit it sometimes feels like no one will forgive you. Most people have the best intentions when they apply for a credit card; their situation is stable and they have a plan for their spending. Unfortunately life can be unpredictable sometimes and you can end up with debt that you have trouble repaying.

When this happens it usually becomes more difficult to get creditors and banks to approve you for a new credit card. If that is the case, the Provincial Trust Gold Card might be able to help you.

Guaranteed Approval & No Credit Check

These two words are not something you usually see if you are a person with a few blemishes on their credit report. However, this is particular why banks try to develop financial products like the Provincial Trust Gold Card, which is actually not a full-access credit card.

Rather, it is a shopping card that you can only use through an online interface. While this does limit your ability to use the card, it still offers convenience as well as the peace of mind that comes along with guaranteed approval and no credit checks.

How It Works

As stated, the Provincial Trust Gold Card is not a credit card; it does not bear a Visa or MasterCard symbol. This is a card that you can only use to shop through the online affiliate shopping network. This card benefits you because

  • There are no credit checks
  • There are no interest charges
  • You can pay at your leisure
  • Regular payments can earn you free rewards

The Fine Print

While this might sound attractive, particularly to someone who might be looking to take advantage of credit-like programs in order to boost their credit rating you need to know that this card is not 100% free.

  • There is a one-time enrollment fee that is quite substantial
  • There is a monthly maintenance charge

These charges are added to your account balance and you can pay them off at any time. In terms of payment, though, there are other fees that you could be required to pay if you

  • Miss a payment or pay late
  • Have a payment check or bank debit returned to you
  • Are inactive for whatever period is specified in your contract

Although the first set of fees is associated with monthly account maintenance, the latter set of fees can be completely avoided. If you are responsible with both your spending and with maintaining your account, you should be able to avoid paying another more than you agreed to when you set up your account.

The Shopping Club and Other Benefits

Many people who have used the Provincial Trust Gold Card have testified that it was helpful in acquiring some large ticket items that they couldn't afford out-of-pocket. These include things like:

  • LCD HDTV sets
  • Video game consoles
  • Laptop computers
  • Digital cameras
  • Small kitchen appliances

Obviously, these are highly sought-after consumer goods that are often too expensive for cash-in-hand transactions. With a shopping card like this you can not only purchase the items that you really want, but you can do it from the comfort of your own home and avoid the cost of gas and the time consumed in visiting the mall.

You might also appreciate that the application process is very easy and can take as little as 60 seconds online. When you are approved you might even be able to take advantage of a bonus cash advance as well! In fact, roadside assistance is also available to card holders, which is an auxiliary benefit that you often feel you don't need until you find yourself in an emergency situation; and you'll be happy the option is available to you.

Conclusion

The Provincial Trust Gold Card is a shopping card that can help people with bad credit to take advantage of credit-like convenience and benefits. While the functions of the card are limited it could be viewed as a useful tool in learning to better manage credit.

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