There are several different types of credit card companies and each of them can benefit you in a unique way. The differences are less in the companies themselves, and more in the types of credit cards they provide.
Some include traditional credit cards, airline cards, student credit cards, cash back, rewards, travel and hotel, retail, gas, secured and prepaid credit cards. Knowing the types of credit cards and how they work will help you select the right card to suit your needs.
The right card may be the CHASE FREEDOM Visa credit card. APPLY NOW by clicking here!
The convenience of using credit cards has lead to their popularity. Many people utilize more than one type of credit card simply because of the benefits they receive because of the transaction. For example, if you are a frequent traveler, an airline credit card might be a good investment.
Capital One features the Venture One Rewards credit card that has terrific advantages. You have the option of earning points to put towards every aspect of your travel, from hotels to car rentals. You can also earn miles for every dollar you spend. Add an introductory credit card APR of zero percent and that can mean tons of savings.
If you are on the road quite a bit, you may be thinking of obtaining a gas credit card.
Gas credit cards often offer very high cash back rewards. Some may be as high as five percent like the Chase Freedom Visa.
You are required to have excellent credit to qualify for this credit card; however, the benefits are extreme. In addition to five percent cash back when you fill up, you are also eligible to receive five percent cash back on grocery purchases.
My daughter is going abroad this summer, what type of credit card should I choose?
If your child is a college student and planning to travel to another country, a good choice might be the Capital One Cash Rewards credit card for newcomers. This credit card has awesome benefits that include two percent cash back on purchases made while traveling. You are also able to build credit easily because the reporting structure is set up to forward your history automatically.
Since the focus of the credit card surrounds travel, there are no fees if you engage in transactions in foreign countries. Some credit card companies tack on additional charges when you use a credit card outside of the continental United States. If you are not subject to extra fees, the trip can be much more worry-free.
Because most students are new to using credit cards, this type of card provides a well-rounded number of features to teach younger credit card holders how to use them responsibly. Building a healthy credit history while you are young can lead to stability in the future. With so many institutions using credit scores to approve or deny applications, you can give your child the head start they deserve.
What kind of credit card can I qualify for if I filed bankruptcy?
A big step towards rebuilding your credit is to consider acquiring a credit card. The problem is that your choices may be extremely limited. After all, you displayed the inability to repay your debts. This sends a negative message to most lenders. You may have to start with a secured or prepaid credit card. However, you need to be sure about the pros and cons associated with both.
Secured credit cards are available from many traditional banks, like Capital One. The Capital One secured MasterCard requires that you supply a deposit before your application is processed, if accepted you can qualify for a credit card equal to the deposit amount. Your information is given to TransUnion, Experian, and Equifax and helps to increase your credit score.
Prepaid credit cards offer similar options, but they do not report to the credit bureaus and cannot help you rebuild credit. They are mostly used by people who want to enjoy the convenience of credit cards, without the hassle. You control your balance with individual cash deposits.
How can I decide what credit card is best for my small company?
When you own your own business, it can be difficult to keep your accounts in order. At times, you may need to rely on a line of credit to help you during financially challenging times.
One of your primary resources should be the Small Business Administration.
You can gain an incredible amount of knowledge by networking and they may be able to guide you in the proper direction.
Making the decision to incorporate credit cards into your budget can be tricky and should be carefully managed. One of the better credit cards to look into is the Ink Cash Business credit card by Chase. The bonus rewards are incredible because they surround purchases that are generally made by small business owners.
For instance, you can receive 5% cash back when you purchase supplies for your office. They also do not charge an annual fee and give you a zero percent APR for the first six months. As a small business owner, it will definitely come in handy. Finally, unlike some reward credit cards, these never expire.
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- Chase “Ink” Small Business Credit Card is First Visa/Mastercard Charge Card
- New Chase Freedom Balance Transfer Rate: 0% for up to 12 Months