Credit Card Types

There is big competitions, the credit card providers are coming up with different types of cards for different categories of people with different features and specific benefits.

Standard credit cards – Almost all the credit card providers will offer standard credit card meant for general public. They are unsecured credit cards that are available to people without any guarantee.

Business credit cards – Many credit card providers offer credit cards for small businesses. You should know the use of business credit cards if you want apply for one. Having a business card can be a huge help to the company in a great many ways.

Student credit cards – Students credit cards are meant for college and university students. Most card providers ask eligibility criteria for the applicants of student card that you should be 18 years old and you should be enrolled in a college or a university. Check out the Hello Kitty credit cards.

Gas credit card – With this card you can purchase gas at the pump or the convenience store. Some gas card provides a reward with the purchase of gas with card.

Travel credit cards – One such card available is the airline miles reward credit card. It is offered in partnership with a credit card company and an airline company. This card allows you to earn points or miles for every dollar spent with best rewards credit card.

Balance transfer credit card, You may save hundreds of dollars with a balance transfer credit card. Some of these credit cards offer 0% introductory APRs for 6 to 12 months in each transactions. So you can transfer your balance from a loan which has high interest rate to a card which offers 0% APRs.

Credit cards for bad credit – Its a special type of card for people with bad credit. These credit card company can put some restrictions not typically found on types of cards. The credit card limits are lower with these cards. Many people will seek these credit cards after bankruptcy as well.