Skip to main content

AMC Visa Credit Card Review 2022

Types of Credit Cards for Beginners | Easily Get Credit Card

Types of Credit Cards for Beginners | Easily Get Credit Card

Types of Credit Cards for Beginners 

Today we’ll talk about the different types of credit cards that you might come across. In the most general sense, there are three main types of credit cards: those intended for use by general consumers, students and small business owners. 

General-consumer credit cards are what most people consider “normal credit cards” and are the largest segment of the market. Their terms vary widely, based on issuer, card network, credit score requirements, and a number of other factors.

Users of general-consumer credit cards are eligible for all consumer protections. Student credit cards are a unique type of credit card offered by credit card companies because college students are a unique group -- their income is limited in the short term, but their advanced level of education gives them a lot of earning potential. 

So students are usually able to get more attractive credit card offers than their experience and financial circumstances would ordinarily merit. Student credit card users are also eligible for all consumer protections. Business credit cards tend to offer higher credit lines than their general-consumer counterparts. 

They also give you special expense tracking features, the ability to customize spending limits for employee authorized users, and rewards targeted to common company expenses such as office supplies and telecommunications services. Business credit card users are not eligible for a number of important consumer protections, though. 

There are many different types of credit cards within those three groups, too, based on the fees, interest rates, rewards and benefits offered. A credit card’s specific terms are what gives it character and sets it apart from the pack. First are rewards credit cards. 

Credit cards offer spending-based rewards in terms of cash back, points, and miles. Some cards offer the same “earning rate” across all purchase types, while others provide extra rewards in certain specific categories, such as gas, groceries, or travel. 

It's also common for cards to offer initial rewards “bonuses”. Next are low-interest credit cards. These are credit cards that either offer a low introductory rate on balance transfers, or a low intro rate on new purchases. Regular credit card APRs tend to be pretty high. 

In addition, some credit cards require users to put down a refundable security deposit, the amount of which usually becomes the account’s spending limit. These so-called secured credit cards are easier to get than credit cards with no deposit needed, which makes them a good choice for people with limited or bad credit. Finally comes credit cards with and without fees. 

Credit cards are known to charge a number of different fees, ranging from annual membership fees and balance transfer fees to foreign transaction fees and cash advance fees. In most cases, a credit card’s annual fee is the only fee you’ll need to concern yourself with. 

Whether you decide to get a card with an annual fee depends on how the rewards and APRs compare to the no annual fee alternatives. There are lots of different types of credit cards and more than 1,500 individual offers available. 

But all that matters is finding the right one for your needs. You can go to WalletHub to compare the best offers and find the right card for you by clicking the button here. 

Also read: Aspiration Zero Credit Card Review

Also read: Axis Bank ACE Credit Card Review

Also read: Axis Bank LIC Platinum Credit Card Review 

Also read: HSBC Revolution Credit Card Review 

Also read: Niyo Global Card 2022 Review 

Also read: SBI Simply Click Credit Card Review 



Popular posts from this blog

Federal Bank Signet Credit Card 2022 Review

Federal Bank Signet Credit Card 2022 Review What is Federal Bank Signet Credit Card?  Federal bank and RuPay have now joined hands to launch the Federal Bank Rupe Signet Credit card, bringing you the best features in a single card Like. The lowest dynamic annual percentage rate starting from 5.88% per annum.  "3x Rewards" on Spence for electronics and apparel categories "2X Rewards" on entertainment category.  Personal accident insurance cover of Rupees to Lakhs 24/7 concert services  Complimentary airport lounge access,  Complimentary Swiggy vouchers  Buy One Get One offers on Inox Movie  Federal Bank Signet Credit Card Welcome Benefits:  Amazon Pay E-voucher worth Rupees 500 on spent off Rupees 3000 and above in 1st 30 days. Additionally, experience fabulous dining offers at partner hotels through the Fed Delights programme,  Giving up to 15% discounts gain access to a wide variety of RuPay offers and deals, including travel, food and dining, shopping, sports, ent

What is Flipkart axis bank credit card

What is a Flipkart axis bank credit card? Flipkart Axis Bank Credit Card, if you also shop with Flipkart So you must have seen the Flipkart Axis Bank Credit Card banner on Flipkart. Do you know? What is Flipkart Axis Bank Credit Card?  Where can you use Flipkart axis bank credit card?  How to use Flipkart axis bank credit card? What are the benefits of using a Flipkart axis bank credit card? What is the downside of Flipkart axis bank credit cards? How to get Flipkart axis bank credit card? Which documents requied to make a Flipkart axis bank credit card And following which terms and conditions can be eligible to get a Flipkart Credit Card? After making Flipkart axis bank credit card If you use Flipkart Axis Bank Credit Card? So when will his bill comeWhen and how you can pay the bill?  If you do not pay your bill on time What will happen then? If you were also applying for Flipkart Axis bank Credit card And you get the option of coming soon? So when and how will you get the option to a