Credit/Debit Card Search

The Basic Types of Credit Cards

Most credit card accounts are issued by banks or credit unions and are known as bank cards. Another category is often referred to as travel and entertainment cards. Finally, a third category is known as store or merchant cards.

Bank cards are provided by some of the larger banks. Some of these include Visa, Discover Card, and MasterCard. Many bank cards offer cash back rewards. Although the percentages that a cardholder can earn vary, cash back credit cards all work according to a predetermined plan. Additionally, the cardholder might have a cut off limit as to how much he can earn in any given year. A quick turnaround or payout is typical with this type of reward card, but the cardholder usually needs to request the payout.

Travel and entertainment cards are those that are used to earn rewards for travel, dining, and hotel stays. These include American Express and Diners Club as well as others. Travel and entertainment cards are excellent choices for individuals who need to travel extensively for business purposes. This type of credit card might offer a cash back reward or vouchers for future purchases.

Store or merchant cards are specific to a particular business. Typically, they can only be used to make purchases at that specific store or business. However, some of the larger retailers have started to convert their store cards into bank cards that can be used at a number of businesses. The cardholder earns rewards for the specific store through which the card was obtained such as Macy?s. These rewards might include special store sale events or discount coupons toward store merchandise.

Comments:
Name: *
E-mail: *
Location (City, Country):
Comment: *
* - Required Fields.
Save information
Notify me

Captcha:


RSS Related Credit articles

What You Should Know About Instant Approval Credit Cards

Instant approval credit cards seem like a great option for many people, especially those who have good credit ratings and need access to quick cash. If you are in need of a credit card quickly, because the card is instantly approved, there is also very little paperwork to fill in, and therefore you usually receive the credit card much more quickly that you would receive one that hadn't been instantly approved.

Protecting Your Bank Accounts From The Crime

Nowadays there is a danger of the crime of setting up and using bank accounts and credit facilities fraudulently in another person's name without his or her knowledge.

You are in debt for more than $10,000? Inquire about the way of sinking it

On the basis of the information of credit agencies, about 37 percent of American people loan more than $10,000 without any collateralization.

All credit articles ?


Follow Us: Twitter

Useful Credit Cards Tips »

Never sign a blank receipt. Draw a line through any blank spaces above the total when you sign receipts.

Easy to get Credit Cards Online Applications | About Us | Contact Us | Privacy Policy | How Credit Cards Work - Credit Articles