Which Credit Card Fits You The Best

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
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 » Research » Guides » Cardholder Benefits » Which Credit Card Fits You The Best

Which Credit Card Fits You The Best

The content is accurate at the time of publication and is subject to change.

Nowadays credit cards have become a sort of identification. Before one is able to rent a car, besides cash a major credit card is needed. It is not an unusual thing seeing people with a couple to three credit cards. You can even have more than those numbers so long as you know how to manage them.

The concept of credit card started in the early nineteenth century and has created a great impact in the modern days. It is easy to apply for a credit card but the real challenge is finding the right card for you.

Credit cards have different features and each one of them is especially designed for the varying individual needs and interests of its user. Here are the most common types of credit cards and the basic facts about them to help you determine which card would best work for you.

The most common of the cards is the standard credit card. In this type of card, a credit limit is designated by the bank or the company. The available credit could be used to make purchases and can be used again when payment is made. A monthly minimum payment should also be made and charges may apply when payment has failed.

Unlike the standard credit cards, charge cards have no credit limit. No minimum payments are required but at the end of the month, full payment should be made. Since the balance should be paid in full, there would be no need to pay for interest charges.

Debit cards and prepaid credit cards are often used synonymously. In both cards, a deposit should be made to the card before it can be used for a purchase but unlike debit cards, the card user need not open and maintain a checking account with any tie-up bank.

When you use your credit card regularly, it may be your advantage if you go for rewards credit card. Each time a purchase is made; the cardholder earns points which he could exchange for a certain merchandise, phone call minutes or maybe free gas. While there are also rewards card that gives free or discounted tickets through their frequent fliers program. 

With the benefits of owning a credit card, shopping turns out to be a hobby for most people but when managed improperly such hobby could turn into a nightmare. Be responsible card owner and you'll never experience the burden of getting deeply indebted.

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.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
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!