Various Types of Credit Cards - Part 2

Several different types of credit cards offer several different options, depending on what your needs are. Some are geared toward individual consumers while others are set up in ways that work best for small business needs. To know what type of card fits your needs, let's review a few of your options.

Business Credit Cards

A business credit card offers the business owner the opportunity to keep business and personal expenses separate. The card may offer special business rewards and saving opportunities that go above and beyond what the individual card owner may have. Since money management is essential in successfully running a business, the card may offer an expense management service that will allow you to keep track of the outgoing money. You can obtain additional cards for employees who may need them for travel expenses and such as well as have a higher credit limit than you normally would on an individual card.

Student Credit Cards

Many credit card companies will issue student cards that have lower credit limits and fewer incentives to help keep their spending in check. Still, take note. Many college students graduate with a credit balance that averages between $3,000 and $7,000 and with interest rates, this can be a real problem when trying to pay them off.

Prepaid Debit Cards

Prepaid debit cards are one type of credit card that has grown significantly in recent years. Although they work like a traditional credit card when making a purchase, that is where the similarities end. With prepaid debit cards, you have actually prepaid and set the credit limit by depositing money onto the debit card. Depending on how much you have deposited into the debit card's account depends on how much credit limit you want on that card. This is a great way to have the convenience of a credit card without the chance of charging more than you can afford to pay off.

Credit Cards For Bad Credit

It is possible, even with bad credit to obtain a credit card. These cards will come with some restrictions not typically found on other types of cards. Your credit limit will be lower and your interest rate higher. Some may require you to have a secured card, meaning you have to maintain a savings or some other type of account that will cover the expenses on the credit card. Once you have established that you will be responsible, some, if not all, of your restrictions may be lifted.

Cash Back Cards

Many cards will now offer you cash back incentives for using their cards. Depending on how much your balance is and how often you use the card, you can earn cash back for your purchases. Some companies offer 1% off your balance while others, like Sears, will offer you cash off purchases made in their store. Either way, if you are planning on using a card, finding one that will offer you a cash incentive is a smart choice.

Copyright 2005 Gibble LLC

For more information and resources on credit cards, please visit: http://www.thebankcreditcardlist.com

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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.hedgeweek.com/articles/detail.jsp%3Fcontent_id%3D270902cid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNHPG2D-gcQYY-EleF33k7pbnfsIeAimg src=http://news.google.com/news?imgefp=7kZiev_e1T8Jimgurl=www.hedgeweek.com/userimages/Chicago_Mercantile_Exchange.jpg width=80 height=60 alt= border=1brfont size=-2HedgeWeek/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.californiaprogressreport.com/2008/10/state_controlle_2.htmlcid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNFZCMOLTmdRzHGHJvhrGVoUuYjHTAState Controller Chiang to Treasury Secretary Paulson b.../b/abrfont size=-1font color=#6f6f6fCalifornia Progress Report,nbsp;CAnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1However, while we continue to work through this crisis, I believe more needs to be done to increase investor confidence in the bcredit/b markets, b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ajc.com/business/content/business/stories/2008/10/10/credit_trade_swaps.htmlcid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNGLMQ4zCNHSwKGncU3SpgW8vKRQaAICE, 3 other firms team up to trade little-known securities/a font size=-1 color=#6f6f6fnobrAtlanta Journal Constitution/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mondovisione.com/index.cfm%3Fsection%3Dnews%26action%3Ddetail%26id%3D77979cid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNH6KX3N6EP9nWlUY2OKRIUuAZTeZQEurex Clearing Presents Central Clearing Solution For bCredit/b b.../b/a font size=-1 color=#6f6f6fnobrExchange News Direct/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://blogs.wsj.com/deals/2008/10/09/financials-got-you-down-cme-pitches-credit-default-swaps-the-safer-way/%3Fmod%3Dgooglenews_wsjcid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNExcsZ9XJKZxV3dWBQyrMdob1Ff4QFinancials Got You Down? CME Pitches bCredit/b-Default Swaps the b.../b/a font size=-1 color=#6f6f6fnobrWall Street Journal Blogs/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ft.com/cms/s/0/9ea2c5c4-96f5-11dd-8cc4-000077b07658.htmlcid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNG3c43m_EYLreJ4L4wOZ8p14DtS-AnobrFinancial Times (subscription)/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/cme-group-citadel-launch-first/story.aspx%3Fguid%3D%257B097CDE55-CE99-42BF-9BD9-D3650A10B3A3%257D%26dist%3Dhpprcid=1254860311ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNGrUDgWaej5twSsqj-jrkjaj2qSQwnobrMarketWatch/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254860311hl=ennobrall 89 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mercurynews.com/vc/ci_10692136cid=1256292417ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNFKiwYFrfRnjR0D4k9k7D4aPcB2ugTax bcredit/b extension gives huge boost to solar industry/abrfont size=-1font color=#6f6f6fSan Jose Mercury News,nbsp; USAnbsp;-/font nobr9 hours ago/nobr/fontbrfont size=-1By Matt Nauman In what promises to be a huge boost for Silicon Valley#39;s solar industry, the extension of the solar tax bcredit/b bundled into the recent $700 b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/ousiv/idUSTRE4998QG20081011cid=1256512001ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNGo0wkNdK8NQ3TT7lrZS8KkKHKUQgimg src=http://news.google.com/news?imgefp=OChmPPyDSXAJimgurl=www.reuters.com/resources/r/%3Fm%3D02%26d%3D20081011%26t%3D2%26i%3D6341173%26w%3D192%26r%3D2008-10-11T011826Z_01_BTRE4991UEW00_RTROPTP_0_G7 width=80 height=58 alt= border=1brfont size=-2Reuters/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/ousiv/idUSTRE4998QG20081011cid=1256512001ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNGo0wkNdK8NQ3TT7lrZS8KkKHKUQgG7 vows to fight bcredit/b crunch but details sketchy/abrfont size=-1font color=#6f6f6fReutersnbsp;-/font nobr15 hours ago/nobr/fontbrfont size=-1By Mark Felsenthal and Sumeet Desai WASHINGTON (Reuters) - The world#39;s rich nations vowed on Friday to take all necessary steps to unfreeze bcredit/b markets b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.washingtonpost.com/wp-dyn/content/article/2008/10/10/AR2008101003228.htmlcid=1256512001ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNEwnr-ConIddZ00sOC566EoTa_ApgWorld Leaders Vow Concerted Action/a font size=-1 color=#6f6f6fnobrWashington Post/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.washingtonpost.com/wp-dyn/content/article/2008/10/10/AR2008101002853.htmlcid=1256512001ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNF1KNL9eCuZ86Tp1768hVTa3kPLtgA Global Strategy/a font size=-1 color=#6f6f6fnobrWashington Post/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256512001hl=ennobrall 36 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.courant.com/shopping/hc-copdigbrf1011.art2oct11,0,132341.storycid=1256454168ei=2dfwSPyZLajs6gPxie24Bwusg=AFQjCNHdUJEv0GZWIQ4R7DlWVUESctIlwgPLAINVILLE: Police: Man Stole bCredit/b Cards, SUV/abrfont size=-1font color=#6f6f6fHartford Courant,nbsp;United Statesnbsp;-/font nobr9 hours ago/nobr/fontbrfont size=-1A man faces felony charges for stealing bcredit/b cards and an SUV in July, police said Friday. Nicholas Roy, 31, was charged by warrant with first-degree b.../b/font/div/font/td/tr/table
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