Normally, any bank will give you some sort of standard type of credit cards. The most general ones which you can apply for are:

1. Low interest credit cards
2. Rewards credit cards
3. Platinum credit cards
4. Business credit cards

Let's give a small description of each:

1. The Low interest credit cards are designed for people who like to keep an eye on their finances or their business ones, and the good part is that you get the lowest purchase interest rates in the market. On these types of cards you normally get from 40 to 55 interest free days and the account fees are somewhere between $4.00 and $8.00 per month.

2. The Rewards credit cards are designed so that you can collect some sort of rewards when you spend money. You see, these cards are attractive from the bank's point of view because they make you spend in the idea that you will get the rewards. But keep in mind that you will have to spend quite a lot of money before you can collect the rewards, so if you are not prepared to pay back once you spend, then better forgive about them.

Anyway, let's summarize what you usually get with a rewards credit card:

If you love to travel for instance, every time you make a purchase with your card, you'll collect some Air points Dollars which will accumulate and you may get cheap of free flight tickets. Some similar rewards you get when you spend your money at petrol stations, so that when you pay by credit card, you get points too.


3. The Platinum credit cards are an option if you travel around the world a lot and need to spend heaps. With these ones you also get rewards (usually), but also a premium service, which means you have quite large limits on your card. Be careful though and don't give it to your kids, or wife...


4. Will finish off our short intro into credit cards with the Business credit card. The name says it all, it's designed for businesses. If you need your business to concentrate the spending into one single bill, then a business credit card is for you. These are the sort of credit cards that let you take control of your day-to-day business finances. They are a handy source of short-term funding, so you've got access to cash whenever you may need it.



P.S. these smileys are so cool

Completing further my previous post, a no interest credit card seems like a good option, and it can be, if it's used correctly.

There are many credit card companies providing this type of CC. These cards may be an ideal way to save money on finance changes and they may help you to lower the amount you are paying on other credit cards.

There are several things you should know about no interest credit cards before you apply for one.

For how long can you have the card?

Credit card companies make a profit from the finance charges that they charge. Therefore, most offers for these cards will not last the full lifetime that you have the line of credit open. Rather, most offers like this are for a limited time. Regulatory compliance dictates that all credit card issuers provide full disclosure of the terms of the credit before you accept the offer. The single common mistake that most people make is not reading the terms and conditions thoroughly. You absolutely need to know what the terms are before you begin using the offer.

What are the charges?

One aspect to consider about no interest credit card offers is the types of qualifying uses. For example, one can apply for six months or even 12 months on balance transfers. Regular purchases on these types of offers will typically incur finance charges though. In addition to this information, also take note of what the interest on purchases and balance transfers will be after the introductory period is over. For example, it may jump to 20 percent after six months. All offers are different.

What are the conditions?

The introductory period usually lasts for the first three to twelve months after you open the account. During this time, no interest rates are charged to the card, but what items on your card that will not incur finance charges is different for every card. Most of these card offers will provide no interest charges on just money that has been transferred to the card from another account when you first open the account. In rare instances, some cards will offer no interest on purchases as well. Typically, the only type of card that offers an introductory no interest period on both balance transfers and purchases are student credit card offers.

You can use these situations to your advantage and save significantly with these introductory no interest credit cards offers. For example, you have a credit card that has a balance of $3000 on it. Let’s say for instance, that you are being charged 17.75 percent for that balance on an annual basis. At that interest rate and taking into consideration typical minimum payment amounts, it will take you 11 payments at $300 per month to pay that off.

Your total interest costs over that time period would be $271. Now, if you were to secure a no interest credit card with an introductory period of 12 months you could pay off the balance in only 10 months and you’ll save $271 dollars in interest!

So when used correctly, a no interest credit card can save you a ton of money. Whenever you consider offers, read through the offers terms and conditions thoroughly to know all the ins and outs and potential financial pitfalls that the offer may or may not have.

One can repay the Payday Loan through credit card.

Thanks for sharing this information about credit cards. Credit cards, if used wisely and properly can help us in tacking our expenses. If one pays off the purchases with credit card on time, then his/her credit worthiness will be improved with an increase in credit score.

Cash back credit cards are simple. Your issuer will award you a small percentage of your spending back in cash! So the more you spend, the more you'll earn back. This is great for those who presently have a regular spending pattern or make expensive purchases.

I wouldn't even consider a credit card. There are lots of available types of credit cards, but in my honest opinion, you're better off with a debit card. On the long run, they're just not worth it, at all.

Just my 2 cents.