Different Types Of Credit Cards Which Is The Best Card For You?

The question now is what kind of credit card do you need to have for purchasing whether via online or offline

. Here is a list of credit cards for payment that you can use on a regular basis.

1. Debit Cards

The safest kind of credit card that anyone can use is a debit card. This card is prepaid which means you have money saved into the account. It is a safe card because you can control how much to spend when buying. It is similar to an ATM card but you only get to use this specific card for electronic swiping. Thus, it is a good one to have for the option of credit card payment.

2. Low-Interest Card

The newest type of credit card that is useful for credit card payment is low-interest card. From the name implied, a low-interest card offers a very low rate of interest. In fact, you can get a %0 interest from using this depending on the kind of provider you choose. Even if there is interest included, you will still enjoy owning this kind of credit card because you pay low interest rates which you can surely manage to pay.

3. Cash Back Card

Like low-interest card, cash back card offers affordable interest rates as low as %0 to %1. You can benefit the cash back option for purchase depends on the amount in the account and how often the card is used.

4. Reward and Incentive Card

There are credit card companies that offer incentives and rewards for card holders. This is one way to attract people to get credit cards from them. It actually works and pays off because holders of this type of credit card enjoy additional benefits. They can get advantages from airline companies, brands of clothes, and other leading companies that every consumer is going to like.

5. Business Card

For businessmen and women, this credit card type is the best choice. It basically separates your personal and business expenses. Whatever purchase you need to make for business purposes, this card is what you have to use and not your personal credit card. The only disadvantage of this is that some abuse it for personal credit card payment which must not be. Some employees do this which companies may not even know.

6. Student Card

There is also a particular credit card for students. This is called the student card which can be used for credit card payment. It has fixed amount that range from $3,000 up to $7,000 with somewhat high interest rates. Any holder or user of this kind of credit card must have a very careful control as debt can be very high.

After learning some of the common credit cards for purchase, which one is the best credit card you need to use?

by: Guy Harolds

POST COMMENT

Bad Credit Short Term Loans- Useful For Solving Urgent Monetary Needs Virtual Terminals For Credit Card Processing Merchant Credit Card Processing Boosts Your Bottom Line How Bin Ranges For Credit Cards Help To Fight Crime Cut Down Fraudulent Transactions Dramatically With Bin Ranges For Credit Cards Understanding Official Bin Ranges For Credit Cards What Are Bin Ranges For Credit Cards? Bank Identification Numbers- Tracking The Owner Of A Credit Card Long Term Payday Loans Bad Credit Easy Escape Your Financial Obligations Bad Credit Cash Advanced- Mitigate Away Financial Needs Though Of Bad Credit A Merchant Processing Credit Cards Is A More Profitable Merchant Loans For The Unemployed With Bad Credit Lender Right Away Car Loan For People With Very Bad Credit