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Credit cards are cards that allows the cardholder to borrow money from their bank to make purchases. Co-branded credit cards are made available for customers who wish to have a customized credit card. There are several types of credit cards that are available to customers. It is important to know the credit card that best suit your need and each of them have their uses. The major types of credit cards are:
Co-branded credit cards can be issued to customers who wish to have their cards customized. Credit cards are of various types and a customer can choose the type of credit card they want. Having any of this types of credit cards have several advantages. Some of this cards include:
Balance credit card: This type of credit card offers a relatively low introductory rate on every balance transfer for a stipulated period. This is the card for those that wish to save money on high interest rate balance.
Balance credit card: this card comes with a cheap introductory rate on balance transfer. It allows customers to transfer the balance on the credit card to another card while charging a low interest rate.
Charge credit cards: This type of credit cards has no spending limit but, the amount pent on the card must be paid in full at the end of every month to prevent card restrictions, cancellation or penalty fee.
Secured and Unsecured Credit card: Secured credit cards are for people with no credit history. However, security deposit are usually placed on the card. The spending limit on the card is the same as the deposit available on the card. The unsecured credit cards on the other hand are designed for people who have a balanced credit i.e people with fair credit. It is commonly use by people.
Student credit cards: These cards are designed for college students because they do not have credit history. Student credit card are easily approved for students who are newly applying for cards.
Secured and Unsecured credit card:Secured credit card: Secured credit cards are designed for people with no credit history. The card comes with a security deposit. The spending limit on the card usually equal to the deposit on it. While the unsecured credit cards are designed for people with fair to good credit history and is the most common of all credit cards.
It is more preferable to carry than cash
Advantages of using a credit card It is very easy to carry in pocket or purse than cash
Having a credit card and co-branded credit cards makes things easier and comfortable. And this makes the rewards even greater.
Co-branded credit cards can be issued to customers who wish to have their cards customized. Credit cards are of various types and a customer can choose the type of credit card they want. Having any of this types of credit cards have several advantages. Some of this cards include:
Balance credit card: This type of credit card offers a relatively low introductory rate on every balance transfer for a stipulated period. This is the card for those that wish to save money on high interest rate balance.
Balance credit card: this card comes with a cheap introductory rate on balance transfer. It allows customers to transfer the balance on the credit card to another card while charging a low interest rate.
Charge credit cards: This type of credit cards has no spending limit but, the amount pent on the card must be paid in full at the end of every month to prevent card restrictions, cancellation or penalty fee.
Secured and Unsecured Credit card: Secured credit cards are for people with no credit history. However, security deposit are usually placed on the card. The spending limit on the card is the same as the deposit available on the card. The unsecured credit cards on the other hand are designed for people who have a balanced credit i.e people with fair credit. It is commonly use by people.
Student credit cards: These cards are designed for college students because they do not have credit history. Student credit card are easily approved for students who are newly applying for cards.
Secured and Unsecured credit card:Secured credit card: Secured credit cards are designed for people with no credit history. The card comes with a security deposit. The spending limit on the card usually equal to the deposit on it. While the unsecured credit cards are designed for people with fair to good credit history and is the most common of all credit cards.
It is more preferable to carry than cash
Advantages of using a credit card It is very easy to carry in pocket or purse than cash
Having a credit card and co-branded credit cards makes things easier and comfortable. And this makes the rewards even greater.
About the Author:
Designed Co-branded credit cards are possible for customers. Credit cards are good options to have for convenience. The author is a keen writer on prepaid card programs and has several views on co-branded cards.. This article, Credit Cards: What Are Their Uses? is released under a creative commons attribution license.
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