Want a credit card, but don’t know what type you’re looking for? Everyone’s spending habits are different and so cards are broken down into categories below – just choose the card that is best suited to your personal spending habits..
Gas Reward Credit Cards
Drivers who clock up a certain amount of mileage which necessitates filling up two or three times a week might want to consider a credit card that offers gas rebates. You save a percentage of the cost whenever you fill up at the pump. Some credit cards are a better option than others because they can be used at any gas station, useful if you are on the road. Other cards dedicated to a particular gas station.
Airline Credit Cards
When you travel regularly, whether for business or pleasure then you might want to consider a travel credit card, or a card that is offered by a certain airline. The concept is similar to gas credit cards one only gains points from a dedicated airline, while a travel card’s points can be used for airline tickets. An airline card, however generally offers more points than a travel card.
Cash Back Credit Cards
Cash back credit cards are one of the most popular cards. The idea behind this is that every time you make a purchase you will receive a percentage back. A credit card that offers two percent back on your bill means that you get two cents back for every dollar you spend. This might not sound like a great deal but over time the pennies add up..
First Time Credit Cards
If you have never had a credit card before and you’re still attending school, then you might want to think about a student credit card. For those of you who are not at school some companies offer first time application credit cards. The problem with such cards is that they often have a higher interest rate and a very low credit limit.
Point Based Credit Cards
A point based credit card is very similar to a cash back card. The main difference between the two is that rather than getting cash back on your purchases, you receive points. You can usually spend these points at the company’s online store, which offers things ranging from gift cards to electronic goods. Point based credit cards usually offer you a point for every dollar you spend.
There are credit cards in other categories on the market, but most consumers tend to favor the ones listed here. Can’t find what you’re looking for here? Then ask around, search online, or call some companies to find out whether they offer a credit card that is better suited to your particular needs
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