What Kind Of Credit Cards Are There And Which One Should I Get?
By Joe Kenny
Recent years have seen a real increase in the type of cards available. So much so, that now you really have to look and see what is available, and it can actually be a little hard to choose between them. Here is a little guide to help you know what your options are and what to look for to help you get a good card.
Cash Back Cards
These cards give you a percentage of your purchases back to you in the form of cash or discounts. Generally, there are two levels of points given depending on the type of purchase. For things related to the type of card, you may get anywhere between 3 to 6% back. More common purchases, however, such as gas, groceries, and prescriptions, will usually only get you 1 to 3% back. Be careful to read the fine print as to where you can use your points, though, and your interest rates on the card.
Balance Transfer Cards
These great cards allow you to put your existing balances on other cards on this new card, and often be able to get a 0% interest rate for a short time - up to 15 months. This means some real savings, if you do not fill up your other cards again. Watch out for fees, though, since some cards will not charge you at all for transfers. Also, look to see the length of time that you can enjoy the 0% interest on your balance transfers. Some of them will allow you that rate of interest for the life of the amount transferred.
Air Miles Cards
These cards give you air miles for your purchases and they can be used to get discounts toward flights, or even free flights - if you have enough miles (or points) earned. Usually these points can also be used toward purchases in certain stores to give you some good discounts. If you are looking at one of these, be sure to get one for an airline that is at the nearest airport, and at the other end, too, so you can fly on that airline both ways. Bank air miles cards will give you a greater flexibility.
Student Cards
These cards for students generally come in two varieties - depending on whether or not the student has a rating. If he or she does not, then you will probably need to try to get a secured card, which means that the amount of the limit (or at least 50% - up to 150%) will need to be deposited in a special savings account. A student card can be used to build a good rating if the monthly bills are paid on time. Some of these cards give points toward things like CD's, DVD’s movie rental or theater tickets, designer clothes, and much more. These cards typically have a higher than normal rate of interest.
In order to get the best deals on a card, you will want to do some comparison shopping. Look over the various fees that it may have, as well as the interest rates. Also be sure to get one that has as long of an introductory offer as possible - try to get one for 12 or 15 months.
class=""articletext">
Article Source: http://www.articles-galore.com
Joe Kenny writes for the Card Guide, offering the latest 0% cards, visit today for introductory credit card balance transfers and start clearing card debt today.
Visit today: www.cardguide.co.uk/
Products and Services mentioned in this article are available Here
