What are the types of cards to look into before... - Other Questions


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Other » What are the types of cards to look into before getting the best credit card?

What are the types of cards to look into before getting the best credit card?

Answered on

Turn on the television, open a newspaper, stare at the billboards and look around in your city, or answer a phone call from an unknown number, there is just no way you can avoid the various claims and counter claims from different banks and credit card companies that their credit card is the best. However, before you think about which is the best credit card, it would be a good idea to examine the various types of credit cards available, so you can decide, which would be better you.

Regular Cards

The usual credit cards are usually issued in three or four categories, with increasing credit limits. Although the brand names of each type of these cards might vary from one bank to the other, the usual nomenclature is standard, silver, gold and titanium. A particular type of card issued by a bank would be likely to have different credit limits for salaried people and for self employed people. Again, among self employed applicants, banks might allow different credit limits to self employed professionals (like doctors, chartered accountants, etc.) and self employed non professionals (like shopkeepers, builders, etc.). Most banks provide an opportunity to the card holder to upgrade his card to a higher category based on his usage patterns and repayment records.

Signature Credit Cards

These credit cards are exclusively for high net worth individuals and usually have no specified credit limits. They also offer many exclusive services like concierge, club memberships, access to airport lounges, an invitation to golf tournaments, air travel insurance, etc., which are part of the fine lifestyle of the ultra rich. These privileges are not for everyone, though, and these cards come with a steep application fee and a substantial annual fee, making it out of reach for most card users.

Reward Cards

Some credit cards offer special rewards from certain companies if the card is used for purchasing the products or services of that company. For instance, an airline reward card might offer free frequent flier miles a chain of gas stations might offer discounts on fuel surcharge or even coupons for discounts a retail chain might offer discounts and so on and so forth.

Corporate Credit Cards

These cards are usually issued to certain employees of a company, to pay expenses on behalf of the company. These cards allow employees to pay for the company`s expenses without spending their own cash, and also help those companies keep a tab on the expenses with the help of the monthly statements.

There are numerous websites, which provide detailed comparisons about the charges and benefits of various credit cards, and they could help you to decide on the best credit card for you.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
Excellent, Good Credit
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.49% - 25.49% based on your creditworthiness*
Excellent, Good Credit

Other Questions in

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!