Thursday, May 11, 2006

Credit Cards Type

Popular Credit Cards
  • Standard Credit Cards
Standard credit cards work as you might expect - with the cardholder using the card in order to pay for goods and services up to their agreed credit limit. Repayments are made once every month which must at least cover the agreed minimum repayment.
  • Charge Cards
Charge cards work in the same way as normal credit cards with one difference, the balance of the charge card must be paid off in full every month. Charge cards are most regularly issued to either businesses or to consumers who may have had a bad credit history in the past.
Platinum and Gold Credit Cards
Platinum and Gold credit cards are only available to applicants who earn a certain level of annual income and, accordingly, offer a number of benefits to the cardholder which will vary from provider to provider.
  • Store Card
A variation on the credit card, a store card will allow the cardholder to make purchases with a particular retailer on a credit account. The cardholder can then effectively buy products without paying for them until a later date, when it is most convenient for them.
  • Reward Credit Cards
  • Charity Credit Cards

3 comments:

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YourSimplerLife said...

So many credit card companies offer Best gasoline credit cards - how can you choose the best one?

mybadcredit said...
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