Check your needs

There are many types of credit cards available out there. Because of the varied types of people who need credit cards, the finance industry also created various types. If you want low interest rates and if you are planning to consolidate all your credit card debts, then you ought to get standard credit cards. However, if you are one of those people who love traveling, then you might as well consider getting airplane rewards credit card or gas station credit cards. If you have specialized needs, get a business credit card or a student credit- whichever best suits your purchasing needs. And, if you are suffering from a bad credit and you are trying to rebuild your credit rating, you should get a prepaid credit card or a savings secured credit card.

Check the interest rates and fees

The most important rate that you should consider is the interest rate. This is especially a major concern if you are well aware that you are not capable of paying your monthly credit card balance in full. The usual credit card rates will amount to 14.99%. However, there are those that have interest rates that are as low as 8.99% or as high as 19.99%. The rates usually depend on your credit rating and the credit card company. Aside from the interest rate, you should also consider the balance transfer rate, the annual membership fee, the penalty fee whenever you exceed the credit limit, the late payment fees, processing fees, and more.

Check the introductory offers and the other benefits

Most credit cards will have introductory offers of Zero interest rate and Zero balance transfer fees for a certain period of time. Usually that period will last anywhere between three months to one year. The longer the introductory period is, the higher your savings will be. Aside from the introductory offer, you should also consider the other benefits that you can get such as the rewards. The best card will be that which provides you with a higher percentage of cash back on your most common purchases. The card should also provide you with more rewards in the form of discounts, free merchandises, and others

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What makes a student credit card primarily different from all the other credit cards is its low interest rate that is definitely affordable for the student who has limited financial capabilities yet. If you are planning to get a student credit card, below are some of the factors that you should take into consideration.

a. The annual percentage rate (APR). It will be better if you can always pay for your credit card purchases in full every month. However, if you are well aware that you cannot pay for your balance in full, you should pick a credit card with a very low interest rate. The regular APR for most student credit cards is 15.99%. However, there are those that can offer as low as 11.99% or as high as 19.99%.

b. The introductory offer. Just like most credit cards, student credit cards also have an introductory offer of Zero interest rate. However, this period may last anywhere between three months to six months. Obviously, the longer the introductory period is, the better it will be for you.

c. The balance transfer rate. This is of prime concern if you want to consolidate all your existing credit card debts. The best student credit card will be that card that allows you to have a Zero balance transfer rate during the first 12 months of card use and even well after the end of the introductory offer.

d. The other benefits. There are many rewards that a student credit card may offer. This might include cash rebates and rewards. Choose the card that will allow you to earn more points or more cash backs for the least amount of purchases that you make. Also, consider the redemption features. Know how you can exactly spend the cash backs that you earn. If you cannot spend your cash backs on the purchases that you need or prefer, those earned points will be entirely useless.

e. The default or penalty charges. Aside from the usual interest rate and the balance transfer rates, there are other fees that you should pay attention to. These are the fees applied when you spend over the stated credit limit, the fees that you should pay when you miss your payment due date, the annual membership fees, and more.

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The most notable Capital One Credit Cards

Capital One® No Hassle Miles(SM) Rewards

This Capital One credit card is available for people who have excellent credit ratings. For the first twelve months of card use, you will have Zero rates on your purchases using the card. After the introductory period however, your APR will go up to 9.90%. However, that rate is still considerably low as compared to other credit cards. There are also no annual membership fees.

With this airline rewards credit card, you can also earn 1.25 miles for every dollar you spend on your purchases. What’s good about this card is that there is no expiration for the miles that you earn. There is also no limit on the number of miles that you earn for a specific period of time.

Capital One ® Platinum Prestige Visa ®

This Capital One card is the most popular among its balance transfer card varieties. Just like the No Hassle credit card, this card is for those who have an excellent credit rating. For the first twelve months of your card use, you will have a Zero APR matched with a Zero balance transfer rate. After the first year of credit card use however, your APR will amount to 8.90%. Such is still a very reasonable low interest rate since most cards will have an APR of 14.90%. There are also no processing fees, set-up fees, and annual membership fees.

Capital One® No Hassle Cash(SM) Rewards

This is the prime cash reward credit card offered by Capital One. Through its reward program, you can earn a cash back rate of 1% on your every purchase. Fortunately, there are no limits as to how much you can earn and there are no deadline as to when you ought to redeem your cash back. In addition to that, you can get a 25% annual bonus for all the cash that you earn during this year.

If you opt for this card, you will get a Zero interest rate on all your purchases during the introductory period. This period will last for six months. After the first six months, your APR will go way up to 16.90%. There is also an annual membership fee that amounts to $29 but there are no processing and set-up fees.

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What is a charity credit card ?

Charity credit cards serve as the newest way by which you can make donations. By using this card, you will no longer have to bring cold cash to your favorite charity group. Instead, you can donate instantly just by swiping your credit card. By availing of a charity credit card, you can share a portion of your blessings to the financially needy people fast and easy.

What are the various types of charity credit cards ?

In the same way that there are many types of charitable institutions, there are also many types of charity credit cards. These include charity credit cards for street children, orphanages, homeless people, abused women, war victims, natural disaster victims, environment charities, and more. All of these types function in the same way- by donating a portion of your financial resources to the charity of your choice. However, each card can only be used for your specific choice of charity institution. Here are some examples of charity cards and their beneficiary:

Pet Rewards™ Platinum Plus Visa® Credit Card – Animal welfare

Brighter Planet Visa® Credit Card – Environment

Rainbow Platinum Plus® Visa® Card – Gay and Lesbian rights

What are the benefits ?

Just like any other credit card, you can use a charity credit card to purchase items without the need to present cash. You can also earn reward points and cash rebates from purchases made for gas expenses, grocery items, food purchases, and more. In addition to these regular benefits, this card really simplifies the process of charitable donations.

You see, a charity credit card will provide you with a way to give a significant amount of your money to your chosen charity, without the need to actually contact the institution, send funds, coordinate your donations, and more.

Through this new credit card option, it will be a lot easier for people to take part in providing social work for their fellowmen. Charity credit cards remove the hassle and trouble in participating in charity work.

If you are a very busy person who finds no time with donation processing, then this card can help you get your donation to its destination in an automated and secure manner. Keep in mind that all of your donations to the charity are tax deductible. However, you should always keep your proof of donation – a bank statement or a receipt – so you can get your tax deductions from your annual tax payment.

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Reward credit cards come in many forms, but the most common of which are travel rewards. These travel reward credit cards may be in the form of airline credit cards, gas station credit cards, hotel credit cards and more. Among these, the most popular for the frequent traveler is the airline credit cards.

In choosing your airline credit cards, you ought to consider the number of miles that you can earn for every trip. You should also take the APR in consideration. Keep in mind that it will be a plus factor if the card will have an introductory offer or zero APR for a few months. Below are some of the most common airline credit cards in the market.

Capital One No Hassle Miles Rewards

This Capital One offer is perfect for the frequent flyer. It allows the traveler to earn 1.25 miles for every dollar spent using the card. These points can be used for travel in all airlines. The points can also be redeemed in the form of other rewards or cash rebates. The standard APR of this card is 9.9%. However, there is an introductory APR of zero percent that will last for 6 months. As for the balance transfer rate, it equates to the rate of the ongoing APR. There are also no international transaction fees nor are there any annual fees.

JetBlue Card from American Express

This credit card grants its cardholder one Award Dollar for every dollar spent using the card. The standard redemption rate of these awards is in the form of Jet Blue True Blue points. For 20,000 Award Dollars, one can earn 100 True Blue points or one roundtrip through a JetBlue flight. After your first card purchase, you can earn 10,000 Award Dollars.

Using this card, you can also get double Award Dollars for purchases at movie theaters, golf courses, and restaurants. Same awards apply to purchases during sporting events, theater events, JetBlue purchases, and even gym memberships. However, there is no introductory period promo. As such, the APR will be at a variable rate of 14.99%. It also has an annual fee of $40 every year, as well as an international transaction fee of 2% on transactions made outside the U.S.

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If you have an excellent credit history, the credit cards that will be offered to you will usually have no annual membership fee. This saves you a lot of money since there will be no need to pay for your card processing and maintenance. If you are a big spender and you just love spending, having an excellent credit limit will also increase your purchasing power since you will not only have high credit limits. Instead, most credit card offers will no longer have over-the-credit-limit fees.

In addition, you can also get maximum introductory periods. Instead of getting a Zero interest rate and a Zero balance transfer rate for the first three or six months, yours will extend to one whole year. Such benefit will allow you to save a lot of money which could have been wasted otherwise on high interest rates. Moreover, you will also get significantly low interest rate even after the introductory periods end. Instead of getting variable rates which can go way up high to as much 19.99%, your credit card purchases will only incur 10.99% on the average.

Having an excellent credit score will also equate to more opportunities. Undeniably, more financial institutions and lending companies will find you very credit worthy. As a result, you will always be provided with highly competitive offers matched with instant and guaranteed approvals. Below are some of the most notable credit cards for those who have excellent credit scores:

Blue from American Express

This has a 0% APR on all your purchases for the first 12 months of your card use. In addition, you will also have a very low balance transfer rate of only 2.99% for the first year. There are also no annual fees. If you avail of this card, you can access the Membership Rewards Express® program and you can earn points and rewards that you can redeem for gift cards, entertainment expenses, travel expenses, and merchandise purchases.

American DreamCard™ MasterCard®

This card also has an introductory APR of 0% that matches its generous credit line that amount to as much as $25,000. After the introductory period however, your APR can be as low as 7.24% or as high as 14.24 %.

Citi® Platinum Select®

This card will provide you with a Zero percent interest rate on your purchases matched with Zero percent balance transfer rates for the first 12 months of your card use. There are also no annual fees. Moreover, you will get added security and protection as your card becomes subjected to the Citi® Identity Theft Solutions that provides $0 liability on any unauthorized purchases made using your card.

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Gas credit cards allow its card holders to save some money for every fuel fill. Usually, these cards allow the card holder to have 3% or 5% cash back for their fuel expenses. Moreover, each time you purchase gas, you will also earn reward points which you can then present to gas stations in exchange for incentives, discounts, and more. If you reach a certain “quota” provided by the credit card company, you can even request for your rebate in the form of cash checks.

Getting yourself your very own gas credit card will not only allow you to save some money through rebates and discounts. It can also help you keep track of your gas expenses. Such can be highly important for someone who is in a tight budget, and for businesses that needs to manage their business expenses tightly. Gas station credit cards are also perfect in times of emergencies when you are traveling far from home and then you suddenly find yourself at the brink of temporary bankruptcy. Having a gas credit card in your pocket will provide with the security that you need if you are always on the road.

The Benefits of having the top Gas credit cards

Discover Open Road

This gas credit card pays its cardholders 5% rebate out of their total gas expenses. In addition to gas cash rebates, the user will also receive 5% cash backs from automotive expenditures and 1% on all the other purchases that is made using the card. If you are a frequent purchaser of automotive parts, then this card is right for you.

Chase BP Visa® Card

This card provides a 5% rebate for your expenses on BP gas, 2% on restaurant and travel expenses ( flight expenses, hotel accommodations, car rentals, and more), and 1% on general purchases. Moreover, if you avail of the special limited offer of this card, you can get your rewards at twice the rate for the first two months of card use.

Chase Freedom(SM) Credit Card

This gas credit card offers its cardholders with 3% cash back on gas, utility, and restaurant expenses. In addition to that, you will get 1% back from your other expenses made through the card. Moreover, if you apply for this card during its promo period, you can get $50 off on your second purchase.

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Basically, there are three major varieties of American Express cards. The first of which are the “charge cards”. Charge cards are perfect for people who are capable of paying for their full balances on a monthly basis. As for “credit cards”, they provide their cardholders with an option to carry on the card balances from one month to another. Last but not the least; the “partner cards” provide the card holder with the chance to earn benefits from the partner companies of American Express. Users of partner cards also have more flexibility with regards to payment terms.

The American Express Blue Card

There is a wide selection or categorization and surely, there is a certain type of American Express card that will fit every individual. If you want a balance transfer credit card, then the American Express Blue is just right for you. This card will allow you to transfer all your outstanding balances to a new account with a very low interest rate of 4.99%. Moreover, if you are qualified for one of the reward programs based on your credit rating, you can avail of the introductory offer that provides zero APR for up to 15 months.

The Business Rewards Gold Card

If you are looking for a specialized card that will meet your business transactions, American Express offers the Business Rewards Gold Card that presents a great rewards program. It also has no credit limits topped with a Zero APR for its introductory period.

American Express Blue Sky Card

If you travel a lot, then you might as well avail of the American Express Blue Sky card or the Starwood Preferred Guest card. Another card that you should consider is the Blue Cash which features a 5% cash rebate topped with zero percent APR for the first six months of use. The Simply Cash Business Card is also a prime offer as it provides 5% cash back on expenses for gas, office supplies, utility services and more.

Aside from the above mentioned American Express credit cards, there are more varieties that offer great reward programs. Each of them will allow the cardholders to garner reward points from almost everything that they purchase using their card- from traveling, shopping, dining, and while having some fun and entertainment. All of these cards are offered with a high level of security in order to protect the consumers from fraud and identity theft.

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If you are planning to get a credit card for the purposes of traveling, you should not settle for just any type of card. Rather, you should get a credit card that lets you earn a certain percentage of what you spend. You ought to get travel rewards credit cards. Travel rewards credit cards will let you earn “reward points” which can be exchanged for various incentives. Such is the perfect way to save some money while you frequently travel.

Reward points earned through travel rewards credit cards can be used for a wide variety of purposes. They can be used for plane tickets, car rentals, hotel and resort accommodations, gas expenses, and more. Some of the best credit cards for travelers are as follows:

The Capital One No Hassle Miles

This card comes with an approximate APR of 13.9%. It has no annual fees and it lets the cardholder earn 1% from all the purchases they make using the card. Other than that, this card provides a 25% bonus on the rewards earned for every year. If you opt for the miles variety, you can also earn 1.25 miles for every dollar that you spend using your card. If you spend it on bookstores, boutiques, gift shops, and video rental stores, you can even earn two miles. What’s highly remarkable about the Capital One credit card is the fact that it doesn’t charge foreign currency conversion fees.

The Discover Open Road

This offers a very low APR of 10.99% fixed. The Discover travel reward card allows you to earn 5% from all your expenses for gas and auto-maintenance services. It also provides 1% cash back on your other expenses. As such, this card suits people who are frequently scheduled to cross-country road trips.

The Citi Premiere Pass

With this travel credit card, your APR will only amount to 13.24%. Just like other travel cards, you will also earn a reward point every time you spend a dollar, and another point for every three miles traveled by flight. Also, users of this card will receive $1,500 as travel insurance for flights booked through the use of this card. Citi will also reimburse the non-refundable part of your flight expenses every time you reschedule or cancel your trip. This is perfect for emergency-prone travelers.

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These days, before you apply for a credit card, you will have to face the tedious task of choosing which type of card will best suit your needs. There is a wide selection of credit cards provided by the credit card industry based on financial capabilities, credit ratings, credit limits, deemed rewards, and more. The usual advantage of having credit cards however, stems from the fact that cardholders can use the cards to purchase anything that they want to, for as long as the purchase amount will not exceed the pre-decided credit limit. There is also a definite interest rate for every balance incurred.

The best type of credit card is the one that will provide you with what you need, in the way that you want. In order to find this perfect match, you will have to be aware of the various types available. Below are some of the major qualifications:

Standard Credit Cards: these credit cards are the most common offered by the finance industry. There are two forms under this type. The low interest credit card refers to those which have low introductory APRs that will eventually increase after some time. As for the balance transfer credit cards, these are used to consolidate multiple credit card debts. Credit cards under this type have affordable interest rates.

Specialty Credit Cards: As the name implies, credit cards under this type are intended for some specialized purposes. The most common of this type are the Business credit cards and student credit cards. The student credit cards are made to cater for the educational expenses of a student. As for the business credit cards, these are used to provide financial resources for those who belong to the business sector.

Credit Cards for Bad Credit: This type of credit cards is offered for people who are suffering from bad credit histories and low credit scores. Though such will not require good credit ratings, credit cards under this type require their card holders to provide some form of “security” for their loan request. The most popular forms under this type are the secured credit cards and the prepaid credit card. Both can help card holders to improve their overall credit rating.

Credit Cards with Rewards Programs: this type of credit cards will provide the card holders with incentives for the purchases that they make via the credit card. Every time the cardholders will use the card to purchase their needs, they will earn points that they can eventually redeem for different rewards.

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