Different Types Of Credit Cards
And Features
1.
Low-interest
Credit Card
 These cards offer a significantly lower interest rate than some
of the older ones that you may already have. Also, most of
these cards are also balance-transfer cards.
 They offer you the option of transferring a balance from a
higher interest rate card and, for a specified period of time,
your transferred balance will be at either 0% interest or
something quite low.
 This can end up saving you a fair amount of money,
particularly if your hope is to pay it off.
Instant Approval Card
2.
These cards offer you the opportunity to
apply for a card and receive instant
approval, meaning no wait time.
Once you fill out the application, a quick
background check will be done and you
will have your approval almost
immediately.
Catalog Credit Cards
3.
It can only be used to purchase merchandise inside
their catalog.
Prepaid Credit Cards
3.
These are debit or gift cards that you add money to and
they don’t actually extend you any credit.
These cards are great to send along with your college
age children (if you don’t want them to have their own
student credit card and establish credit under their own
name).
Since there are so many options when it comes to choosing a credit card,
do a little research before you apply.
Decide what type of card will best fit your needs and apply for
that one.
Don’t go over board though, applying for too many cards
will negatively affect your credit score.
For more information:
Different Types Of Credit Cards And
Features
http://www.badcreditresources.com/different-types-credit-cards-features/

Different Types Of Credit Cards And Features

  • 1.
    Different Types OfCredit Cards And Features
  • 2.
    1. Low-interest Credit Card  Thesecards offer a significantly lower interest rate than some of the older ones that you may already have. Also, most of these cards are also balance-transfer cards.  They offer you the option of transferring a balance from a higher interest rate card and, for a specified period of time, your transferred balance will be at either 0% interest or something quite low.  This can end up saving you a fair amount of money, particularly if your hope is to pay it off.
  • 3.
    Instant Approval Card 2. Thesecards offer you the opportunity to apply for a card and receive instant approval, meaning no wait time. Once you fill out the application, a quick background check will be done and you will have your approval almost immediately.
  • 4.
    Catalog Credit Cards 3. Itcan only be used to purchase merchandise inside their catalog.
  • 5.
    Prepaid Credit Cards 3. Theseare debit or gift cards that you add money to and they don’t actually extend you any credit. These cards are great to send along with your college age children (if you don’t want them to have their own student credit card and establish credit under their own name).
  • 6.
    Since there areso many options when it comes to choosing a credit card, do a little research before you apply.
  • 7.
    Decide what typeof card will best fit your needs and apply for that one.
  • 8.
    Don’t go overboard though, applying for too many cards will negatively affect your credit score.
  • 9.
    For more information: DifferentTypes Of Credit Cards And Features http://www.badcreditresources.com/different-types-credit-cards-features/