Types of Credit Cards
The credit card industry offers programs and options to meet the needs of every type of borrower. Many credit card programs overlap, but the differences between offerings must be noted as certain credit cards will be more appealing to you based on your lifestyle, interest and current financial situation. Your credit score, credit history and income will have a substantial impact on the type of credit card that is right for you. And your personal interests and planned use of the card will make your selection even more specific.
Standard Credit Cards
The most basic credit cards offer low interest rates and unsecured funds available to use anywhere that accepts credit cards. These cards offer rewards only in the sense of lower interest rates and often low or no interest introductory periods.
Balance Transfer Credit Cards
Low Interest Credit Cards
Unsecured Credit Cards
Rewards Credit Cards
Credit cards that have a built in rewards system offer you credit or discounts toward travel, automobiles, gasoline, and catalog items as well as possibly cash back from purchases.
Airline Miles Credit Cards
Cash Back Credit Cards
Rewards Credit Cards
Credit Repair Credit Cards
When your credit has been damaged by missed payments, repossessions, foreclosure or bankruptcy, you will need to repair your credit before taking advantage of more conventional credit card programs. Secured cards and debit cards help keep you balanced as you slowly regain a more solid credit rating.
Secured Credit Cards
Prepaid Debit Cards
Specialty Credit Cards
Business owners and students have special credit needs. Banks offer credit cards to help students establish and build credit and business owners are able to find credit cards in their business name to help grow their own enterprise.
Business Credit Cards
Student Credit Cards
Credit Card Gifts
One of the easiest gifts or rebates offered in recent times is the prepaid or gift credit card. These act like a traditional store gift card but can be used anywhere the credit card is accepted.
Prepaid Credit Cards
Gift Credit Cards
Premier Credit Cards
There are levels of credit cards that you are able to progress through over time. As your income and successful credit history increase, you are able to move from standard cards to gold or platinum credit cards which offer you additional benefits.
Standard Credit Cards
Gold Credit Cards
Platinum Credit Cards
|
