(5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5)
(4.80 out of 5)Credit card and finance computations can make your head spin, we have developed common calculators to assist you.
Random Word:
A foreign currency surcharge is a fee levied by a credit card company... ...more
There are several different types of credit cards, each set up to meet different consumers’ financial needs. The first is a standard credit card, which typically carry revolving balances up to a certain limit. These cards have a minimum payment to be met by a certain date to avoid penalties caused by late payments.
Premium credit cards offer users benefits that go beyond those of a regular credit card. Some of these benefits may include travel upgrades, reward points, and cash back. These cards generally have minimum income requirements, as well as certain credit score requirements and higher fees.
Premium cards and regular, standard credit cards have different sub-categories of cards available. Many creditors offer credit cards specifically intended for students, cards that have a zero percent interest rate available, and cards that are intended for those who travel frequently.
Another type of card is the limited purpose card, which is issued by and can only be used at certain locations. These cards are typically found at specific stores (often clothing stores) and gas stations. These cards also have minimum payments that need to be made monthly and they also have finance charges and late fees.
Related Posts:
(4 Votes, Average: 3.25 out of 5)
Loading ...
Printer Friendly Version
Types of Credit Cards (Part 2) (previous post)
No comments yet.
RSS feed for comments on this post.
Leave a comment