Credit cards are issued to people by banks to enable them borrow money from the bank to make purchases. Co-branded credit cards are designed to meet the taste of card users who wishes to customize their cards. There are different cards of credit cards available for users. Below are the types of credit cards and their uses:
Co-branded credit cards can be issued to customers who wish to have their cards customized. Credit cards are of various types and a customer can choose the type of credit card they want. Having any of this types of credit cards have several advantages. Some of this cards include:
Balance credit card: This type of credit card offers a relatively low introductory rate on every balance transfer for a stipulated period. This is the card for those that wish to save money on high interest rate balance.
Reward credit card: Rewards credit cards include, travel, cashback and point. Each of this card have their benefits which are available for users to enjoy.
Subprime credit cards: They are designed for people with bad credit history, high interest rates and fees. The terms are very discouraging and even at that, people still apply for the card.
Charge cards: this card comes with no spending limit thus, allowing the cardholder to spend as they wish. It terms include that all balances be paid in full at the end of the month. Failure to pay up all balances at the end of the month comes with penalty which could be card cancellation, restrictions, or a fee.
Student credit cards: These cards are designed for college students because they do not have credit history. Student credit card are easily approved for students who are newly applying for cards.
Secured and Unsecured credit card:Secured credit card: Secured credit cards are designed for people with no credit history. The card comes with a security deposit. The spending limit on the card usually equal to the deposit on it. While the unsecured credit cards are designed for people with fair to good credit history and is the most common of all credit cards.
Why you should have a credit card? They are comfortable to carry hands free than money It helps to adjust one's spending It offers many rewards for users
It reduces spending limit It offers rewards for quick payment Can be used in any currency
Having a credit card and co-branded credit cards makes things easier and comfortable. And this makes the rewards even greater.
Co-branded credit cards can be issued to customers who wish to have their cards customized. Credit cards are of various types and a customer can choose the type of credit card they want. Having any of this types of credit cards have several advantages. Some of this cards include:
Balance credit card: This type of credit card offers a relatively low introductory rate on every balance transfer for a stipulated period. This is the card for those that wish to save money on high interest rate balance.
Reward credit card: Rewards credit cards include, travel, cashback and point. Each of this card have their benefits which are available for users to enjoy.
Subprime credit cards: They are designed for people with bad credit history, high interest rates and fees. The terms are very discouraging and even at that, people still apply for the card.
Charge cards: this card comes with no spending limit thus, allowing the cardholder to spend as they wish. It terms include that all balances be paid in full at the end of the month. Failure to pay up all balances at the end of the month comes with penalty which could be card cancellation, restrictions, or a fee.
Student credit cards: These cards are designed for college students because they do not have credit history. Student credit card are easily approved for students who are newly applying for cards.
Secured and Unsecured credit card:Secured credit card: Secured credit cards are designed for people with no credit history. The card comes with a security deposit. The spending limit on the card usually equal to the deposit on it. While the unsecured credit cards are designed for people with fair to good credit history and is the most common of all credit cards.
Why you should have a credit card? They are comfortable to carry hands free than money It helps to adjust one's spending It offers many rewards for users
It reduces spending limit It offers rewards for quick payment Can be used in any currency
Having a credit card and co-branded credit cards makes things easier and comfortable. And this makes the rewards even greater.
About the Author:
Customized Co-branded credit cards are available for customers. Credit cards are good options to obtain for convenience. The author is a keen writer on prepaid card programs and has several views on co-branded cards.
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