Credit Cards – The Four Most Common and Popular Credit Card Types that you should Know About
June 11, 2013Today, credit
cards come in many different types. Some credit card companies ease the
terms and conditions that they set for consumers who have excellent credit.
These companies also offer a lot of benefits to individuals who exceed their
standards, including travel insurance, free entertainment, and concierge
services. There are some other credit cards that help consumers re-establish
their credit. While these cards offer numerous benefits, it is important for
you to understand that these products are not meant for everyone.
Standard Cards
These cards come with revolving credit lines. These are often marketed to consumers who are eighteen years old or above. There no deposits needed. The credit limit will be established by the company who has issued the card.
Reward Cards
There are a lot of rewards programs for those who purchase a certain product or use a particular service frequently. Reward cards often take the form of points, discounts, or cash. These cards are most ideal for consumers who pay off their balances on a regular basis. Some of the types of rewards cards are the airline or frequent flier miles cards, the cash back cards, the points cards, and the premium cards.
Secured Cards
These cards are also known as ‘pay-as-you-go’ cards. When such an account is opened, the holder would have to deposit money into the account. This will determine the holder’s credit line. In addition to having an annual fee, these cards also typically come with higher annual rates. These are often used by consumers in order to re-establish their credits.
Specialty Cards
These credit cards are often offered by affiliations, major brand retailers, service providers, and partnerships. Many of these cards are partnered with professional organizations, alumni associations, or organizations supporting social causes. When these cards are used, a small portion will go towards the organization.
Posted by Kat Locsin. Posted In : Credit Cards
There are many various factors that influence the fixed mortgage loan rates in Canada. One thing to keep in mind is that the 
If you have decided to finally purchase a home through a financing method such as a home loan, it is time for you to start doing some shopping around for 
Nowadays, most people are using credit cards. Instead of carrying a lot of money in your wallet, which is too risky, you can consider using credit cards. A credit card makes life easier especially when use responsibly. Some people might say that using a credit card is a bad idea because you need to pay for it and this time, with interest. Well, that’s the purpose actually. When you use your credit card, you earn a credit score. If you gather a good credit score, then it is good. Did you kno...