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

Signs Your Credit Report Is Awful - Three Devastating Credit Blemishes

How can you tell if your score is going to cost you a job... or a bank account, a car or even a place to live? In this article we are going to take a quick and insightful look at how to tell when you're credit is bad...and learning the EASIEST way to keep tabs on watching it go back up to boot! Curious to know more? Great... continue reading as we take a closer look below!

Reasons that make debt consolidation preferable for the debtors

Debt consolidation is one of the most common financial tools that are taken into account by the debtors who are going through dire financial straits. What can debt consolidation companies do and what can not?

Quick and Painless: How To Easily Budget Your Finances

While most of us will utilize plans for vacations, plans for the holidays, or plan out our weekly to-do lists, often planning how we spend our money is something we never get around to doing. Simply put, a budget is a plan, not necessarily an elaborate plan, for where to put our money.

All credit articles ?


Follow Us: Twitter

Useful Credit Cards Tips »

Use your credit card to save bank fees. Instead of withdrawing cash to make purchases, use a credit card with interest-free days to make as many purchases as possible. At the end of each month, pay off your credit card in full by the due date using just one of your free transactions.

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