Different Types Of Credit Cards

Devlin Gilliland offers the following royalty-free article for you to publish online or in print.
Feel free to use this article in your newsletter, website, ezine, blog, or forum.
-----------
PUBLICATION GUIDELINES
- You have permission to publish this article for free providing the "About the Author" box is included in its entirety.
- Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity.
- Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only.
- If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links.
- Please send a copy of the publication, or an email indicating the URL to devin@credit-wisdom.com
- Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article.
-----------
Article Title: Different Types Of Credit Cards
Author: Devlin Gilliland
Category: Loans, Credit, Personal Finance
Word Count: 506
Keywords: apply for a credit card, business credit cards, Different Types Of Credit Cards, credit cards
Author's Email Address: devin@credit-wisdom.com
Article Source: http://www.articlemarketer.com
------------------ ARTICLE START ------------------

Deciding on a card that suits your requirements is considered a wise decision. There are different types of credit card that exist today. Some are better for individual users while others are geared towards small businesses. Let us find out what types of cards are there? And what different features they offer?

1. Business Credit Cards

As the name suggests a business card targets small business. This helps an individual to keep business and personal spending separate. The business credit card offer what an individuals credit card can not. The business card may offer some incentives, economy and rewards to the businesses which possibly will facilitate the business beyond what simple cash could achieve. Money management is essential for running a business; cards may offer a money management service which could help keep your expenses in check. To get higher credit limit, you could get your employees credit cards for travelling and other things. Through this they may get higher credit limit than they normally would have.

2. Student Credit Card

Many financial institutions or banks offer credit cards to students. Although students may not get the same privileges as a corporate employee or a business gets but it still works for a student. This card may have some credit limits so to keep the students spending in check. Even then some students spend too much and at the end of the month find themselves in deep trouble when they receive their monthly spending slip which also includes the interest rate. So it is recommended, that student should keep their credit card spending in strict check.

3. Prepaid Debit Cards

Prepaid debit cards are physically similar to the credit cards and they work somewhat similar but they have various different features and functions. A debit card is unlike credit card in the sense that you can spend only a limited amount of money. One can get a debit card from the bank in which he already has an account. Getting a debit card is relatively easier than a credit card. The spending through debit cards is dependent upon the money you have in your debit card issuing bank account. This card is recommended for those people who are not ready to take up the responsibilities that come along with a credit card, they are bad money mangers and as soon as they get a credit card they find themselves in a pile of debt.

4.Cards for Bad Credit

To get a credit card, you must show the bank you credit history. But it is possible even with bad credit to get a card. The difference may be that you will have to pay a lot more interest and will get a limited credit. Once you have established you credit line history, you may get an opportunity to acquire a credit card.

5. Cash Back Credit Cards

Nowadays many bank offer cash back incentives to the customers for using their credit cards. Depending on how much balance you have and how many times you use their credit card, you can earn cash back for your purchases.

The author Devin Gilliland provides advice on how to apply for credit cards on http://www.credit-wisdom.com to apply for a business credit card you can visit
http://www.credit-wisdom.com/creditcards/business-credit-cards.php
------------------ ARTICLE END ------------------