|
|
Various Types of Credit Cards - Part 2
Several different types of credit cards offer several different options, depending on what your needs are. Some are geared toward individual consumers while others are set up in ways that work best for small business needs. To know what type of card fits your needs, let's review a few of your options.
Business Credit Cards
A business credit card offers the business owner the opportunity to keep business and personal expenses separate. The card may offer special business rewards and saving opportunities that go above and beyond what the individual card owner may have. Since money management is essential in successfully running a business, the card may offer an expense management service that will allow you to keep track of the outgoing money. You can obtain additional cards for employees who may need them for travel expenses and such as well as have a higher credit limit than you normally would on an individual card.
Student Credit Cards
Many credit card companies will issue student cards that have lower credit limits and fewer incentives to help keep their spending in check. Still, take note. Many college students graduate with a credit balance that averages between $3,000 and $7,000 and with interest rates, this can be a real problem when trying to pay them off.
Prepaid Debit Cards
Prepaid debit cards are one type of credit card that has grown significantly in recent years. Although they work like a traditional credit card when making a purchase, that is where the similarities end. With prepaid debit cards, you have actually prepaid and set the credit limit by depositing money onto the debit card. Depending on how much you have deposited into the debit card's account depends on how much credit limit you want on that card. This is a great way to have the convenience of a credit card without the chance of charging more than you can afford to pay off.
Credit Cards For Bad Credit
It is possible, even with bad credit to obtain a credit card. These cards will come with some restrictions not typically found on other types of cards. Your credit limit will be lower and your interest rate higher. Some may require you to have a secured card, meaning you have to maintain a savings or some other type of account that will cover the expenses on the credit card. Once you have established that you will be responsible, some, if not all, of your restrictions may be lifted.
Cash Back Cards
Many cards will now offer you cash back incentives for using their cards. Depending on how much your balance is and how often you use the card, you can earn cash back for your purchases. Some companies offer 1% off your balance while others, like Sears, will offer you cash off purchases made in their store. Either way, if you are planning on using a card, finding one that will offer you a cash incentive is a smart choice.
Copyright 2005 Gibble LLC
For more information and resources on credit cards, please visit: http://www.thebankcreditcardlist.com
MORE RESOURCES:
Credit unions hit highest volume of loan originations in five years Washington Post First-quarter loan originations at regional credit unions hit the highest volume in five years, according to new data from Callahan & Associates, a District-based provider of analytical services for credit unions. The 330 financial cooperatives ... |
 Moneycontrol.com | Yield Premium Nearing Record Spurs Subsidy Review: India Credit Bloomberg Credit-default swaps on the state-run lender, which some investors consider a proxy for the nation, cost 358 basis points on May 18, compared with 177 basis points a year ago, according to data provider CMA, which is owned by CME Group Inc. and ... Weekend Read: Rupee down, inflation up, Facebook IPO debut and more |
Asia-Pacific Bond Risk Falls, Credit-Default Swap Prices Show Bloomberg The cost of insuring Asia-Pacific corporate and sovereign bonds from default decreased, according to traders of credit-default swaps. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan fell 3 basis points to 199.5 basis points ... Corporate Bond Risk Falls in Europe, Credit-Default Swaps Show |
 CBS Local | (credit: Scott Boehm/Getty Images) CBS Local While Green can play there, Roenicke sees Hart as a more long-term option. Plus, with Hart at first, an outfield position opens up that would allow Carlos Gomez. Nyjer Morgan and Aoki to see more playing time. ( credit : Scott Boehm / Getty Images ) Recap on Tap: Brewers 16, Twins 4 |
Credit Suisse Seeks Buyers for JO Hambro, Sunday Times Reports Bloomberg Credit Suisse Group AG (CSGN) is selling JO Hambro Investment Management, the Sunday Times reported, without citing anyone. Credit Suisse bought London-based JO Hambro, which employs about 100 people, in 2001 for 100 million pounds ($158 million), ... Credit Suisse weighs up JOHIM sale |
Image Credit: NBC Entertainment Weekly Mick Jagger has managed to stay both incredibly famous and beloved for half a century. Considering the modern era's notoriously short attention span, that's no small feat. But despite Jagger's celebrity magnetism, SNL viewers might find their minds ... |
 Hindu Business Line | The Best Credit Card Deals For Sign-Up Bonuses Business Insider Gold Delta SkyMiles Credit Card — What You Get: You will receive 30000 bonus miles on your first purchase, first checked bag free, plus Priority Boarding on Delta flights and 20% in-flight savings. $0 intro annual fee for the first year. American Express launches new travel rewards credit card Not so rewarding card rewards |
 New York Times | Credit Where Credit Is Due New York Times No credit went to them in The Times's series. As appreciative as Mr. Hirsch said he was for The Times's powerful articles, he expressed dismay at the paper's “riding roughshod over the dedicated hard work of journalists that preceded and made possible ... |
 Globe and Mail | Credit Suisse Asks Argentina's Grupo Petersen To Repay Loans Fox Business BUENOS AIRES – Credit Suisse AG (CS, CSGN.VX) has informed Argentine conglomerate Grupo Petersen that it must pay back loans used to buy a stake in oil company YPF SA (YPF, YPFD.BA) after it missed a $400 million payment. Credit Suisse Says Petersen's YPF Loan Payable Immediately |
Hollande passes first test with credit, but tougher ones to follow The Independent François Hollande could be forgiven for thinking: "International diplomacy? Piece of cake. You say what you've been saying for months and everyone agrees with you." There are much tougher tests to come but the G8 summit at Camp David was a quiet ... |
Manage Your Credit Wisely
Getting your first credit card is a big deal and all young people look forward to it with bated breath. We wait for years to be able to apply successfully for out own credit card.
Finding the Right Credit Card
There are so many credit cards out there to choose from that deciding which one to get can feel really daunting. What makes one offer better than the hundreds of others you've seen? Take this little quiz to find out what you should look for in a card.
What is a Bad Credit History?
A bad credit history can sometimes seem like a curse..
Why Does FACTA Matter to Me?
FACTA stands for Fair and Accurate Credit Transaction Act. FACTA is the law which allows any American access to their credit report once per year.
Harassment of People in Debt by Creditors
HarassmentHarassment of people in debt by creditors or their agents is a criminal offence under the Administration of Justice Act 1970. It is often difficult to know what to do when you feel a creditor is not dealing with your account fairly.
Building A Credit Report Lenders Will Love You For
Will lenders really love you for having a good credit report score? Love is not the right word of course; lenders are after your money, and never forget that. But the lender's representative will love dealing with your credit application if your credit report is good.
Warning: Free Credit Report Imposter Websites Springing Up on the Web
A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer credit reporting companies to provide consumers with a free copy of their credit report, upon request, once every 12 months.Access to the free credit reports has been phased in beginning last December in the West and will finally be nationwide by 1 September.
Credit Problems? Heres How to Manage Your Creditors
If you find that creditors are calling you almost daily or that one of more of your bills has been turned over to a collection agency, you should know how to manage your debts.First, prioritize then or rank them in terms of the ones that can give you the most trouble the soonest.
It Takes Credit To Build Credit
Using a credit card wisely is an important step in building a good credit rating. If you're trying to re-build your credit or if you're young and just starting out, pay close attention the next time you receive a new card offer in the mail.
Simplifying Your Search For a New Credit Card
Today, selecting the proper credit card can be a bit confusing to say the least. There are literally hundreds of offers from the major institutions eagerly competing for your business.
Free Credit Report - A Website Typo Could Be Costly
In 2003, Congress passed the Fair and Accurate Credit Transactions act (FACT), which made it possible for consumers to obtain a copy of their credit report for free. In fact, the legislation makes it possible for consumers to obtain one free report from each of the three main credit bureaus - Experian, Trans Union, and Equifax, per year.
How Credit Scoring Works
The all important credit score! It determines the amount of loan you can get, it determines the interest rate at which you are charged for a loan, etc. Your credit score plays an important figure in your financial life.
Check Your Credit Before Shopping For That Home Loan
Review Your Credit Score.Nearly every bank, credit union, and mortgage lender relies on a three digit score provided by one of the three major credit bureaus to help them make lending decisions.
How to Avoid Credit Card Late Fees
Everyone hates late fees and being late will cost you dearly these days. For some credit cards today, if you are late, you will have to shell out as much as $40 each time.
Fixing A Credit Report
Fixing a credit report starts with seeing what's on it. You may get access for free online.
Credit Cards Can Help You Get Out Of Debt
Your credit rating / credit score is based upon how you have dealt with credit previously.If you have always paid the full amount owing and never missed a payment then your credit score will be high.
Credit Cards For People With Bad Credit Scores
Sometimes life lands you in a situation that causes your credit to suffer. A job loss or illness can send your credit rating south leaving you with nothing to do about it.
Do You Want to Get a New Credit Card at a Great Rate?
1) Do your homework. Applying for and getting approved for a credit card is nothing more than legwork.
Credit Cards: How To Use Them
Credit cards can be a very quick way of getting into even more debt if you do not know how to use them properly. UK debt is now at an all time high and, excluding mortgages, Credit Cards are one of the main contributors.
New Law Provides Free Annual Credit Report
As of Thursday, December 1, 2004, one-third of Americans will be able to access their credit reports from all three main agencies for free. Passed in late 2003, the Fair & Accurate Credit Transactions Act creates a central source consumers can use to obtain a free annual credit report.