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

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?

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.

Creating Extra Income For Credit Card Debt

In these times of financial turbulence and economic uncertainty, you are probably desperately looking for different sources of income to pay off your credit card debt. Is it really difficult to obtain extra income? In fact, it is not. With the creativity and flexibility in life, you can create your own stimulus package to increase your income.

All credit articles ?


Follow Us: Twitter

Useful Credit Cards Tips »

Use two cards to beat the banks. Disciplined users can use two cards to maximise the benefits of both interest-free periods and lower interest rates. Typically cards offer one and not the other. However, if you have one of each type of card you can: make all your credit purchases on the card with interest-free days; if you don't have the ready cash to pay the account in full by the due date, use a cash advance instead from the low-interest card to pay it off. This means you have made use of the interest-free period but have the outstanding debt attracting a lower interest rate. Of course, it is better to pay any outstanding balance by the due date and be done with it, rather than rolling your credit over from month to month like this.

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