Credit Cards–Which one is Best for You
Paying by plastic is the way of the world today, but there are different credit cards that you can get. With credit cards you can pay your bills online, set up payments online using your credit card so that on a certain day of the month the money is automatically taken out of your credit card, use for online games and many other things that you cannot do with cash.
If you are just starting out the best type of credit card to apply for would be a secured credit card. This type of card is also referred to as a “no credit credit card” which means this is the type of card for people who have mediocre credit ratings, no prior credit history, or with defaulted accounts. A secured credit card is made secure with a deposit that is held in an account then used when you default on making your payment. Most of these cards have maximum and minimum deposit limits.
Another type of credit card for someone with bad credit or no credit would be to get a pre-paid credit card. This type of card is created by putting money onto that card and once that money is loaded onto the card you will be used it almost anywhere debit and credit cards are accepted
If you decide to apply for a credit card online there are many that offer instant approval, but that does not mean that you are going to be approved. It just means that you will find out instantly if you are or are not approved for the credit card. When you apply for a credit card using this type of system your application will be reviewed by an automated system. Once it has finished reviewing your application you will get a confirmation email that will contain the account details plus the recommendations that are based on your credit rating. You will know if you are approved or disapproved. If you are disapproved you will receive in the mail a letter telling you the reason why.
There are also cash back credit cards, which is a card that promises monthly or annual percentage rebates that will be either sent separately to the credit card holder in the form of a gift certificate or a check, or it may be refunded to a bank account.
These are just some of the different credit cards that are available to apply for. Just make sure that whatever one you choose is a right fit for you and your lifestyle.