The vast majority of families currently use credit card so their economic power can increase. The resource is used worldwide and, for conscious and cautious consumers, represents an excellent form of purchases.
In addition, most credit cards offer excellent benefits such as reward programs, mileage and travel accrual, discounts, no annuity cards, etc. However, it is common for most people to accept any type of card for convenience or misinformation.
The fact is that there are several different types: balance transfer credit cards, virtual credit card, prepaid credit card, business credit cards etc. Each is suitable for a specific portion of the population.
To choose the ideal card, you should consider your profile, the goals you search on the cards, the facilities and what are your priorities. This way, the bank attendant will be responsible for presenting you with the available options.
Certainly, the range of options is determined with a prior analysis of their banking behavior and consumer profile.
Data such as your income, frequency of card use, regularity of purchases, score and profession are important elements that are analyzed.
So that you can compare and identify the types of cards, we prepare a guide in which you will be able to follow to know the options. All banks and companies offers Credit card deals.
The cash back credit cards are quite famous and already have several supporters. Travel credit cards are suitable for those who like or need to travel with a certain frequency.
All major banks have this product, such as HSBC credit card, American Express credit card, Citibank credit card and others.
This makes the credit card holder look for the best and most advantageous options when adhering to one!
Types of Credit Card
There are several credit card options that do not vary only according to the bank or the company.
But also for its main functionality.
In this way, we have prepared a guide to help you!
You cand identify the best option according to the regularity of spending of each consumer, see it:
If you spend on a regular credit card:
The best option for this consumer profile are the cards that feature basic rewards programs.
Especially those that allow you to accumulate points for exchanging advantages and prizes.
Usually this card option offers very interesting interest rates provided that the monthly payment of invoices is done correctly and in full.
Free credit card are also good options because, although they do not usually offer exceptional rewards programs, the annuity is not charged.
For this reason, it is more suitable for people looking for simple and economical.
Credit card fees are either non-existent or very low.
If you make credit card payment in a day, there will be no high interest rates!
Frequent Flyer Credit Cards:
For this type of consumer, the best options are frequent flyer rewards cards.
Their main advantage is that the points gain is made very quickly, in addition to skipping the levels of the programs.
It offers more and more advantages.
In addition, you can enjoy the free airport lounge treats and exclusive rewards.
To be entitled to these credit card benefits, the rates are not the cheapest.
But the investment are fair, since the benefits are quite and profitable.
Borrower consumers:
For this type of consumer, interest rates are the most valuable when choosing the card.
The lowest are the most sought after and adhered by this consumer profile.
The Credit cards with long interest-free periods can provide more time to pay your bills.
Credit Card App
With the use of the Internet, most credit card companies offer apps for the use of customers.
With it, you can have access to travel programs, discounts, promotions, places that accept the card and offer advantages etc.
The Discover credit card is one of the options that offer the app for consumer use. That way, if you search for credit card info, apps are great options.
The Bankcard credit card option is also highly used.
Accessing your account over the Internet and having access to information, balance queries and even being able to perform transactions are great ways to move your account without having to leave home.
With all the convenience you can, in this way, check out credit card reviews, which is highly important for people who are adhering to their first credit card.
In addition, you can also check out information about credit card charges, corporate credit card, credit debit card, credit card services, store credit cards, credit card balance and many other services!
Credit Card Benefits
For consumers who use their cards with discipline and caution, this advent only offers advantages and benefits.
However, this requires the consumer to pay the invoices in a day so that the accrual of interest does not become a snowball.
Check out the main advantages and disadvantages of using your credit card:
Advantages
- Accumulate points in loyalty programs;
- Convenience and security and in case of loss or theft of the card, you can easily disable it even by phone;
- Storage of your spending and identify where your budget can be improved, which assists in financial control; Increased purchasing power for people and families in general.
Disadvantages
- Increased possibility of purchase by impulse.
The probability of impulse purchases, most often unnecessary, increase considerably;
- Difficulty in controlling the invoice in case of minimum payment.
This is one of the main disadvantages:
the possibility of paying the minimum amount of the invoice.
It carries at high interest rates that ends up considerably increasing the discharge value.
What is Credit Card?
Credit card is an electronic payment method that allows consumers to pay their bills, purchases and services.
The payment of the invoice, your bank do it, as a form of loan, which must be added on the expiration day of your monthly invoice.
The credit card is made in a sturdy plastic that most often contains a chip, but not necessarily.
The card contains the cardholder name, information about your bank account, expiration date, security code and a magnetic stripe.