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Choosing your first credit card can be a tough decision. You have many things to consider, like interest, additional fees, rewards and more.
But knowing a little about the different types of credit cards will help you pick the one that is best for you.
Here are a few of the different types of credit cards you can choose from:
Bad Credit Credit Cards
Bad credit credit cards allow people with poor credit history or no credit history to establish a new credit history and improve their past credit score. You can choose between prepaid, secured and unsecured credit cards.
Cash Back Rewards Credit Cards
Cash back rewards credit cards compensate your service usage with cash back or reward incentives. Every time you use your card you can accumulate points that can be redeemed for cash or selected products.
College Student Credit Cards
College student credit cards are the best credit cards to help college students establish their credit history. They often offer online account management and payments to fit into a college student’s busy lifestyle.
Gas Rebate Credit Cards
Gas rebate credit cards reduce the amount that you spend on everyday driving and offer great gas rebates and rewards. You can earn bonus points that can be redeemed for free gas at most gas station locations.
Low Interest Credit Cards
Low interest credit cards are ideal for anyone who carries a monthly balance on their current credit card. These credit cards have a low fixed APR, which allows you save big in accumulated interest every month.
No Annual Fee Credit Cards
No annual fee credit cards mean that you don’t have to worry about paying a fee for your credit services every year. Many of these credit cards also include no annual balance transfer fees, as well as redeemable rewards.
0% APR Balance Transfer Credit Cards
0% balance transfer credit cards can help anyone with an outstanding balance on one or more credit cards. These cards allow you to consolidate your debt into one card for free, saving you money on interest charges.
Airline Miles Credit Cards
Airline miles credit cards are perfect for anyone who travels regularly for personal or business-related activities. These cards allow you to earn points that can be redeemed for free flights or other travel-related services.
Now that you know what to look for, research which companies are the best.