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We have researched and analyzed a variety of credit cards to find the best ones for you.
Each card has different features, so sure there is one that suits your needs.
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Check below the list of credit cards we've found
Any Questions? Look Here
At its core, credit is pretty simple. If you understand how it works, you can save time and money while building good credit.
A credit card is a payment card issued by a bank or other financial organization. The cardholder can borrow money from the lending institution on the condition that the loan be repaid in full until the due date specified by the institution. These are the credit cards categories available in the market:
- Standard cards: The only things that can be charged to a standard credit card are purchases, balance transfers, and cash advances. These cards often don't have an annual fee.
- Premium cards: They include higher annual fees but come with more privileges, including concierge services, access to airport lounges, and tickets to exclusive events.
- Rewards cards: These cards are a convenient way to earn cash back, miles, and other perks for everyday purchases.
- Balance transfer cards: New cardholders can take advantage of low introductory interest rates and low or no fees when they transfer a debt from another credit card company to their new balance transfer card.
- Secured credit: A security deposit is a form of collateral that the card issuer keeps in case the cardholder doesn't pay.
- Charge cards: While they don't have a spending cap, most do not enable balances to be carried over from month to month.
While you may see 0% interest offers, every credit card charges interest on balances that rollover from month to month. This interest rate is calculated according to the annual percentage rate (APR). Make a point of paying your bill in full each month to avoid paying interest in the long run.
When it comes to fraud, credit cards generally provide better consumer protection than debit cards. Limited or no fraud protections might exist for debit card purchases.
Lenders use your credit score to gauge whether you're a high or low-risk borrower, in other words, if you'll be able to repay what you borrow. Credit scores are usually three or four digits long.
- You can make a purchase now and spread the cost over time by making smaller payments.
- Widespread credit card acceptance and the convenience of not carrying cash has led to their domination in today's market.
- If used correctly, you can raise your credit score, which will be useful down the line.
- There are several credit cards that provide points, which essentially return 1% or more of your money spent.
- If you're not careful about your spending, it's very easy to find yourself in debt.
- The ease of using credit cards can lead you to spend more money than you have.
- If you miss payments or max out your credit card, your credit score will plummet.
- Even a little debt can grow significantly with interest.