Saturday, June 16, 2012

Various Types of Credit Cards and Their Benefits

When deciding what type of credit card you should get, your options are much wider now than it had been ten years ago. Due to increased competition among credit card companies and advanced technology, companies now offer extensive rewards, membership incentives and rebates to cardholders.

These points, awards and bonuses can help alleviate travel expenses, offset the costs of rental, and can provide the amount of cash back that can help customers pay for interest rates or to make additional purchases at a fraction of the price that would normally have been spent.

Cash back credit cards, frequent flyer cards, low interest cards, prepaid cards and zero balance cards are cards that are offered by competitive firms to customers. Consumers with good credit can pick and choose among the types of credit cards you want to take. Some specific cards offer money back or flier miles for people who travel a lot. When you have one of these credit cards and travel regularly with the airlines as the main method of transportation,

you can earn free flights and flights that are significantly reduced. Each time you use a frequent flyer card to pay for a flight, the rewards program automatically credit your account with a certain number of flight points. These points accumulate and can be used for the price of another flight.

Although each credit card company is different, most frequent flyer cards do not stipulate that the person must be flying. If you have children flying home from college, you can use your frequent flyer card to pay for the flight and still win points. The same principle applies generally when paying for a flight to another family member, friend or extended family. This benefits the credit company because you are using the card on a fairly regular basis and that benefits you because you are able to accumulate frequent flyer points.

Cash prizes you provide a percentage of the funds in your account. This percentage is based off of what you spend on retail purchases or purchases of holiday or business each month. Many people prefer credit cards have cash back incentives, as they are able to obtain a portion of the money they spend when using the card.

Rewards cards give people rewards that can be used for different categories of purchases. If you use your credit card a certain number of times and spend a certain amount, you start to accumulate awards. These rewards may include free hotel stays, restaurant discounts or free meals, free rental cards and free services.

The services are available for free or heavily discounted through a credit card rewards program may include services for pets, home cleaning services, landscaping services, tours, free services agency and lots more. Award categories are almost limitless and often can be adapted to meet the needs of each client.   

Article Source:- http://arnav567.over-blog.com/article-various-types-of-credit-cards-and-their-benefits-107013196.html

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