There are many different types of credit cards available on the market. They have evolved since their inception and have become flexible financial tools for most people who spend and save. But there are so many different types of credit cards available that it can be difficult to find your way around. Some examples are airline credit cards, balance transfer credit cards, cash back credit cards, etc.
How do I choose the right card?
There are literally tens of hundreds of credit cards offered in the United States, and the list is growing every day. So which one is best? That depends largely on how you plan to use your card. The answer lies in one simple question: “What should I use a credit card for?”.
Apply for a credit card online
This option is simple and very convenient. More and more people are applying for credit cards online. Along with online auctions and shopping, applying for credit cards, loans and insurance is one of the fastest growing business activities on the net.
How do I choose the right credit card for me?
First decide what YOU are looking for, then do some research on the web. There are some very well known credit cards that charge you a lot of money for the privilege of having their name in your wallet. Most of them are not worth the extra cost. But what makes a card worth its weight in gold? And what steps should you take to choose the right card?
Is rate pricing one of them?
Rate shoppers are the savvy shoppers in the credit card world. They game the system to avoid paying interest on purchases, borrow money for free, and even earn money on that borrowed money! The idea is simple. DO NOT leave a balance on your credit card and pay in FULL before the next billing cycle.
Quick Balance Transfer
Balance transfers allow cardholders to transfer the money they owe on their existing credit card to another, usually at a special interest rate. The issuer of the new credit card pays off the debt on the old credit card and transfers it to the new card.
0% balance transfers: what’s the point?
Balance transfers can be a good way to manage large debts. The idea is simple. You have a large debt, loan, store card or credit card balance…
Cash Back Credit Card
It sounds almost too good to be true: a credit card company that gives money back to the user simply because they spent it in the first place! However, as with all good deals, there are conditions to be met.
The value of having branded U.S. credit card loyalty programs
Anyone who has taken even a cursory look at the U.S. credit card industry will immediately notice that there are well over a thousand credit card providers. However, even in this highly competitive industry, there are only two major types of cards: Visa and MasterCard.
Secured or Prepaid Credit Cards
Need a credit card for emergencies, peace of mind or your teenage child, but don’t want to go into debt to get it? The answer may well be a secured or prepaid credit card.
Airmile Credit Cards
These days, most major credit card providers in the United States offer a wide range of reward programs to try to entice potential new customers to apply for a card. Since the advent of rewards programs, one of the most popular programs for applicants is the airmile credit cards.
Business credit cards
If you’re a business owner or CFO and don’t have business credit cards, the following 10 reasons might make you rethink your business credit card strategy.
How to manage your store card
Many large stores offer private label cards. These offer consumers an easy way to defer payment on their purchases. Charge cards are promoted by store PA systems and by salespeople at checkout counters. Not surprisingly, there are millions of store card accounts in the United States.
Identity theft is a major problem in the United States, and for good reason. It is estimated that recovering a stolen identity can take up to sixty hours of work and, in the worst case, cost up to thousands of dollars. But what can be done to avoid this?
Is payment protection coverage for your credit card worth the cost?
Payment protection coverage makes it clear what it’s all about, but what are the ins and outs of this policy and whether it’s worth considering payment protection coverage for your credit card.
Credit Card Fees
Credit cards appear to have only one cost to the user – the interest charged on purchases, but there are a whole host of hidden fees that lurk beneath the surface. For example, some cards offer an annual payment option in exchange for certain benefits. Which option is best, and under what circumstances?
Debunking credit reporting myths
It used to be said that there were two certainties in life: death and taxes. Today, we can add a third: credit. Today, it is almost certain that at some point in your life, you will need to apply for credit. This credit can take the form of a credit card, charge card, hire purchase, personal loan, home loan, etc.
Credit building tactics
There is a lot of talk about credit score, which is the score assigned to a person’s name, which assesses their eligibility for credit.
Every time a customer applies for a financial product such as a credit card, the credit company checks the customer’s credit report. This file records all of the customer’s financial activity in terms of credit applications and banking activity.
Credit card options for people with bad credit
There are many items that you can only pay for with a credit card. If you want to book a vacation on the Internet, a credit card is a safe way to pay. And if you want to rent a car once you arrive at your destination or book a hotel room, a credit card is your only option.
Should I have more than one credit card?
Deciding whether or not to have more than one credit card in the U.S. can be a difficult decision. On the one hand, you want to keep careful control over your personal finances and having many creditors makes it difficult. On the other hand, it can be convenient to have more than one credit card, for example in case of an emergency. So you should have more than one credit card.
Disadvantages of credit cards
Credit cards are everywhere; figures show that the average user has more than 4 credit cards in their wallet, and there are always more cards in circulation!
Common Credit Card Mistakes
With more credit cards than people in the United States now, you’d be right to think that not everyone in this country is using their credit cards correctly or wisely. But what are the most common mistakes credit card holders make when using their credit cards?
Are pre-approved U.S. credit cards a scam?
Every once in a while, you may find a nice shiny letter on your door informing you that you’ve just been “pre-approved” for a U.S. credit card. Your pulse quickens and you begin to believe that you are a great customer and that your trust is valuable. But brace yourself, you may be in for one of the biggest credit card scams around!
Visa or Mastercard?
The two main types of credit cards have been battling it out since the mid-1960s, but the credit card revolution was started in earnest by American Express in 1958. Soon, this card became the preferred method of payment at hotels, airlines and restaurants.