The types of credit cards you are likely to encounter

Tuesday, April 17th, 2012
Updated: April 17th, 2012
The content is accurate at the time of publication and is subject to change.

Usually Credit cards provide many different positive aspects. It can definitely be reliable, convenient to use and plenty of other benefits are attached while you are using the credit card. It is indeed easy to carry when compared to cash. A few better things about credit cards are that you don’t immediately have to pay anything while purchasing a merchandize. Simply buy what you like and charges are owed on your credit card to avail easy monthly installments.

Under the rules of the legislature, all the main credit cards are accepted around the world. In addition to that, it can also used as a function required during matters of urgency. Moreover, through credit cards you can assure holiday reservations as early as possible.

There are different types of credit cards such as low rate cards, cards with rewards, cash back cards, and cards for people with bad credit score.

It is important to select the right card according to your credit score and situations. Once you turn 18 and find steady employment – you are qualified enough to have a credit card. However, you do need to assure credit card companies that you can pay back the installments and the sum you utilized. After all it is a credit card. You eventually need to make the payments.

Once you’re convinced on the need of owning a credit card, you need to figure out what type of card suits you best. Some of the types are:

Balance Transfers Cards

A Balance transfer card lets you consolidate your entire credit-card debt onto one card so you can avoid paying high interest rates. It is important that you realize how this works because one wrong move of yours can result in to the piling up of more debt. Avoid hidden charges and make sure you read and enquire about all the possible fees that can be charged so you have an accurate idea of what you’re getting into. You can do a good business with credit card.

Low Interest Cards

Low Interest Rates cards have initial rates of up to 0 percent APR between three to eighteen months from the time your credit cards account are open. Based on the policies of the credit card company, the rate can be applied to balance transfers, credit accounts and new purchases.

Rewards/Loyalty

Rewards are in huge demand these days. All individuals use credit cards for day to day purchases, and so they have an inclination to redeem rewards on daily usage. You can avail shopping rewards; cash back reward, entertainment rewards, travel rewards, and many other options from fine dining to shopping.

Travel

These cards get you frequent flyers or hotel accommodation based on your usage. A reward system is used here, which can be redeemed easily based on the number of points.

Bad Credit

If you have a bad credit score, it is difficult to obtain a credit card. Once you start making timely payments and maintaining your bank account balance, you can apply for a credit card after a certain point of time. Understanding credit cards is very important.

In situations of bad credit, get a combined credit card with a person who has a better credit score. You can manage your finances well. The key is to make timely payments. Security and protection is indeed important of your credit cards.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Other Card Guides

5 Signs You Aren’t Using Credit Cards Enough February 28th, 2020

If you pay for most of your purchases with cash, checks or debit cards and shun your credit cards, you probably think you’re being fiscally responsible.

Continue »
Why You Shouldn’t Neglect a Concierge Service That Comes with Your Credit Card February 3rd, 2020

Imagine that you choose between two similar credit cards one of which does offer complimentary concierge services as a benefit while the other doesn’t. Would this be a decisive factor for you? Most likely not. Despite the fact that many credit cards have this perk in the rewards list, potential applicants rarely pay attention to […]

Continue »
Why Was My Credit Card Application Denied? January 21st, 2020

When you apply for a credit card, there can be two possible outcomes: you get approved or you get denied. Of course, in case the second option takes place, you are most likely to become confused, disappointed or even angry.

Continue »
How to Get Your Wallet Ready for the Upcoming Holidays October 16th, 2019

At last, the most exciting and miraculous time of the year which each of us has been looking forward to is just around the corner. However, this period is not only the most magical but also, perhaps, the costliest. Now that less than a month is left before Christmas Eve, it’s time to think about preparing gifts for your near and dear ones. And you definitely do not want these purchases to set you back a small fortune once again.

Continue »
How I Ended My Toxic Relationship With Credit Cards February 27th, 2018

Do you know the signs of a toxic relationship? You feel out of control, just not yourself anymore.

Continue »
Best Credit Offer
First Access Visa® Solid Black Credit Card
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Badcredit.com Badcredit.com
Copyright © 2001-2020 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.