Credit Cards

Rewards Credit Cards

Rewards credit cards allow users to earn incentives for making purchases with their credit card. Points accumulate for each dollar charged on the card, and cardholders can redeem these points for various rewards. People who prefer to do most of their spending and purchasing on a credit card each month, and who are diligent about paying their balance off in full each month, are the best candidates for a rewards card. Rewards are paid out in a variety of forms, including, checks, gift certificates, airline miles and free hotel stays. Rewards cards usually require better-than-average credit for approval.

Standard Credit Cards

Standard credit cards are the most common type of credit cards. They are available from most banks and financial groups.

Secured Credit Cards

Secured credit cards require users to post collateral when you open your account, usually an amount equal to or greater than your credit limit. With a secured credit card, you can build up your credit score and move on to an unsecured card. Secured credit cards are for people with either no credit or poor credit who are trying to build or rebuild their credit history. Cards that help rebuild credit often come with low credit lines and additional fees.

Student Credit Cards

Student credit cards are specifically designed for college students with the understanding that young adults have little or no credit history. Student credit cards may come with rewards such as cash back or points.