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Several different types of credit cards offer
several different options, depending on what your needs are.
Some are geared toward individual consumers while others are set
up in ways that work best for small business needs. To know what
type of card fits your needs, let's review a few of your
options.
Business Credit Cards
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Student Credit Cards
Many credit card companies will issue student cards that have
lower credit limits and fewer incentives to help keep their
spending in check. Still, take note. Many college students
graduate with a credit balance that averages between $3,000 and
$7,000 and with interest rates, this can be a real problem when
trying to pay them off.
Prepaid Debit Cards
Prepaid debit cards are one type of credit card that has
grown significantly in recent years. Although they work like a
traditional credit card when making a purchase, that is where
the similarities end. With prepaid debit cards, you have
actually prepaid and set the credit limit by depositing money
onto the debit card. Depending on how much you have deposited
into the debit card's account depends on how much credit limit
you want on that card. This is a great way to have the
convenience of a credit card without the chance of charging more
than you can afford to pay off.
Credit Cards For Bad Credit
It is possible, even with bad credit to obtain a credit card.
These cards will come with some restrictions not typically found
on other types of cards. Your credit limit will be lower and
your interest rate higher. Some may require you to have a
secured card, meaning you have to maintain a savings or some
other type of account that will cover the expenses on the credit
card. Once you have established that you will be responsible,
some, if not all, of your restrictions may be lifted.
Cash Back Cards
Many cards will now offer you cash back incentives for using
their cards. Depending on how much your balance is and how often
you use the card, you can earn cash back for your purchases.
Some companies offer 1% off your balance while others, like
Sears, will offer you cash off purchases made in their store.
Either way, if you are planning on using a card, finding one
that will offer you a cash incentive is a smart choice.
- 7.99% APR
- 0.0% Introductory APR on all balance transfers
- Fixed low rate.
- Best Credit Card Rate in the Country
- No Fee balance transfers
Apply Now!
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