5 of the Best 6-Month Balance Transfer Credit Cards

Balance transfer credit cards are a popular tool for Australian consumers. For example, if you have a $500 balance with a 20 percent interest rate p.a. on your MasterCard, you can move that balance to another card, perhaps a Visa, and have less interest to pay on the original balance. This is ideal in today's economic times. This guide offers the best five balance transfer credit cards for Australians, based on interest rates, customer service, and card benefits.

St. George Vertigo MasterCard

St. George Vertigo MasterCard is great for transferring balances because it offers zero percent interest p.a. for six months. Money Magazine also awarded the MasterCard "Best of the Best" in 2008 for Cheapest Credit Card. St. George Vertigo MasterCard holds an 11.89 percent interest rate p.a. for regular purchases, and a $55 annual fee.

Citibank Clear Credit Card

Citibank Clear Credit Card, a Visa, also offers zero percent interest p.a. for six months on balance transfers. Purchases are assessed a 12.49 percent interest rate p.a. It also has up to 55 days of no interest. With credit limits of up to $20,000 and a $65 annual fee, this is a good bet for dollar-savvy consumers with good credit.

Bank West Lite MasterCard

Like most of its competitors, Bank West Lite issues MasterCards to qualified applicants with zero percent interest p.a. on balance transfers for six months. Cash advances are assessed a 20.49 percent interest rate p.a., while purchases are billed at 11.49 percent interest p.a. Up to three additional cardholders are allowed for free, and the annual card fee is $59.

HSBC Low Rate Visa Card

HSBC Low Rate Visa Card is another solid bet for Australians looking for a balance transfer credit card. Not only is there zero percent interest on balance transfers for six months, but also no annual fee for the first year. After that time period expires, the annual fee is $49. The card also features a rewards program good in more than 40 countries, and up to 55 days interest-free on purchases.

GE Money eco MasterCard

GE Money eco MasterCard not only enables customers to "go green," but also offers zero percent interest for six months on balance transfers. In addition, one percent of all purchases on the card is donated to organizations working to offset greenhouse gas emissions. The interest rate on purchases is 18.49 percent p.a., but the card is eligible for up to 55 days interest-free on transactions.


Are Free Credit Card Terminals Worth It?

In today's competitive market place, businesses pull out all the stops to entice customers to purchase their goods or services. One of the most common marketing tools is to give away something for F*R*E*E*. Yes, that's F*R*E*E* in capital letters, bolded, with stars between each letter, not "free" in small case. Companies ensure that they stress the word "free" - akin to knocking them upside the head with the proverbial two-by-four - so that they will sit up and take notice that they can get something, anything without paying a red cent, plug nickel or cool dime.

If you are a business owner, you may be reading this article as you are considering accepting credit card payments. The first step would be to select a merchant account provider. With virtually thousands to choose from, this is not an easy task. Just to warn you, merchant account providers (MAPs) are not above pulling out the free trump card to gain you as a customer. No matter how attractive the offer, it is imperative to first look at the big picture by reviewing each MAP's fee structure, customer service policy, etc. before signing a contract.

Free Credit Card Terminal: Are they really free?

What is the free offer of choice by various merchant account providers? In many cases, it is a credit card terminal. This may entice those strapped for cash. However, upon further inspection it may be discovered that with the free terminal come higher fees - such as annual, batch or termination fees for example. These increased fees may more than offset the price of the terminal. In fact, over a period of time, an individual may pay, in additional fees, two to four times the initial cost of the terminal. Although you may believe that you are "making out like a bandit" you should ask yourself, "Am I really getting something for nothing?"

Depending on the needs of your business you may require a:

· Basic terminal - average cost $150 to $300

· Terminal with printer - average cost $200 to $600

· Wireless terminal - average cost $600 to $1,000

As you can see, terminals are not extremely pricey pieces of equipment. Therefore, before signing with a MAP to accrue a free terminal, you should first ask yourself, "Is what I'm saving upfront really worth it?" To answer this question you must:

· Compare and contrast various MAP's fee structures - are they more when a free terminal is added? If so, by how much?

· Note if there is a termination fee - Some MAPs who do not usually include a termination fee, may add one when offering a free terminal. How much is the fee? For example, if your terminal was $300 and there was a termination fee of $250, would the free terminal (which is not much more than the termination fee) be worth it if you wanted to terminate service for whatever reason? This example does not include other increased fees that may apply such as annual or batch fees.

· Take into account the retail value of the terminal - if it's a basic terminal for example, will the increased fees pay off the terminal within a few months while you are left paying the higher rate over the lifetime of your contract? However, the increased fees may be worth it if you are receiving a more expensive wireless terminal.

· Inquire if the terminal is new or reconditioned - the chance of experiencing difficulties with a new terminal is obviously less than with one that is reconditioned.

· Read the terms and conditions thoroughly - what happens if the terminal breaks? You want to ascertain that you will not have to wait weeks for a replacement or while your terminal is being repaired.

Types of Credit Card Terminals included in free offers. Are all the amenities included?

A few credit card terminals included in some merchant account providers' free terminal packages are the Hypercom T7 Plus, Hypercom T4100, Nurit 8320 and even the wireless Way Systems machine. Although respectable terminals, upon further inspection, you may discover that some of the terminals do not include a pin pad or a printer if the machine does not have one built-in. Although you receive the terminal for free, depending on the needs of your business, it may be necessary to purchase additional equipment. Once again you would need to ask yourself, "Is the overall package going to save me money in the long run?"

It is only human nature to become excited over the prospect of getting something for free. However, when it comes to matters of business, this is not usually the case. Companies often have an ulterior motive when giving away something for free, even if only to "get you inside their door" to entice you to buy their particular goods or services. Although a perfectly acceptable marketing tool used by millions, are you really getting something for absolutely nothing? In most case, the answer is no.

When a merchant account provider offers a free terminal, it is usually to assist those who may not have the money to purchase a terminal outright. They will recoup their money by increasing fees in other areas. That is not to say that cost effective free terminal packages do not exist. However, it is up to you, the consumer, to look at the fee structure of different merchant account providers to assure that you are receiving the best deal overall. It may be determined that it would be in your own best interest to come up with the money to buy a credit card terminal - no matter how financially strapped - to save money over the long haul.


What is Credit Card Factoring?

With the current state of the US economy, businesses are becoming increasingly concerned about their own financial situation. Many businesses depend on being able to access cash quickly and easily to keep their business running smoothly; often times in the form of a small business loan. The problem is that many lending institutions aren't lending money like they used to. Businesses are left trying to find alternative sources for their business capital. One alternative source that is getting a lot of attention lately is the merchant cash advance or credit card factoring.

What is credit card factoring?

Credit card factoring is one way to get funding to businesses that are suffering from cash flow problems. I don't have to tell you how difficult it is to keep up with vendors and other business expenses each month. Whatever the reason, an interruption of cash flow can seriously hurt the company's credit rating and cause even more problems, ultimately causing the decline or failure of their business.

Generally, a factor is either a single investor or a business that fronts money to meet the company's cash flow requirements that is to be paid back within a set period of time - much like a short term loan. There are credit card receivables, invoice receivables, accounts receivable factoring and other forms that are routinely used by businesses that tend to have cash flow issues every month or during slow seasons.

Specifically; credit card factoring is when a factor gives your company cash upfront based on your future credit card sales.

Who uses credit card factoring?

Merchant cash advances aren't cheap. Merchant cash advances aren't always the best choice for everyone. However, they are a legitimate alternative for businesses that have less than perfect credit or that need cash in a hurry. A poor borrowing history limits the places a business can go for loans and the result is either being turned down for the loan or getting a very high interest rate on the approved loan.

Some of the businesses that use credit card factoring the most are bars, restaurants, retail stores and service providers. In each case, the amount of business done with credit cards allows the investment factor to think about profit availability.

Getting an unsecured loan may be the only way a business owner can survive during tough times, but the owner should be careful because there are some less than reputable lenders out there.

A credit card factor will not necessarily look at a business owner's credit history or score as reason to decline the unsecured loan. They look at the history of steady credit card sales more than the business's credit score. And while banks may take several weeks or even months to approve a loan request, a credit card factor can approve a merchant cash advance in a matter of days.

All in all, it is a win-win relationship for both parties involved. Remember; if you do decide to use a credit card factoring company, you need to verify the legitimacy of the lender by as many sources as possible. You might consider checking the Better Business Bureau or asking for references.


The Downside to Paying Off Your Credit Cards

There couldn't possibly be a downside to paying off your credit card accounts, could there? Only if you close the accounts!

If you've participated in our Credit Scores: Insider Secrets from an Expert teleseminar series, you know that capacity accounts for a full 30% of your Credit Score. What does Capacity mean? Here's an example:

Let's say you have 3 credit cards with a total credit limit of $18,000. If your outstanding balance on each of those credit cards is 50% or less of the available credit limit, you're in pretty good shape.

Example 1:

Card# Credit Limit Balance Capacity

1 $ 2,000 $800 40% 2 10,000 4,800 48%

3 6,000 3,000 50%

In this example, the capacity reached, or outstanding balance, for each individual card is less than 50%. This means that for the purpose of calculating your credit score, you're in good shape with regard to capacity. Now, take a look at the second example:

Example 2:

Card Credit Limit Balance Capacity

1 $ 2,000 $ 800 40%

2 10,000 3,800 38%

3 6,000 4,000 67%

Here's the deal: You are in pretty good shape in Example #1 because your capacity reached does not exceed 50% of any of your available credit limits. However, in Example #2, you would be penalized on your credit score, even though your outstanding balance and total available credit limit has not changed. Why? Because you exceeded 50% of your capacity on the third card.

Looks a little crazy, doesn't it? It gets even worse. Let's say in the second example that you paid off Credit Card #2 and closed the account. That should greatly help your credit score, right? No! Just the opposite, in fact, because now, your picture looks like this:

Example 3:

Card Credit Limit O/S Balance Capacity

1 $ 2,000 $ 800 40%

3 6,000 4,000 67%

Yes, you owe less in total, but you have actually hurt your score by paying off the $3,800 balance on your $10,000 card. Why? Because your capacity reached on Card #3 is still over 50%, and by closing the account for credit card #2, you've reduced your available credit, or total capacity.

So what is the solution here? Pay off the credit card with a capacity reached of over 50% first.

This is just one example of what goes into calculating your credit score you may not know. The Universal Default rules can be even more damaging to your personal prosperity picture. Knowledge is Power. Take charge of your personal prosperity today.


Common Mistakes Made With Credit Cards

Even though the country is currently in a problematic financial situation, there are still many people who are neglecting to pay any attention to the amount that they are spending and how they are spending it. More recently it has come to the attention of money experts of some simple mistakes that many people are making when concerning credit cards.

One of the biggest mistakes made by credit card users is to withdraw money from a cash machine using your credit card. This option to withdraw cash should really only be considered as a last option as it is as good as throwing money away. Many card issuers are now charging up to a 2% or 3% fee for cash withdrawals and will start charging interest on the withdrawal straight away. It is also likely you will be charged a higher APR on the card. The same applies if you decide to use credit card cheques; you will be charged interest straight away. If you are going to use a credit card cheque then you might as well just use your card as the APR charged on credit card cheques is usually a lot higher than the standard APR.

Using your card abroad will also cost you dearly. Many card companies will charge a substantial amount of money if you decide to purchase something abroad with your credit card. Before you go away you should see how much you will be charged to use your card abroad to avoid any nasty surprises when you get home.

Long term borrowing is also a huge mistake made by many with credit cards. With loans currently as cheap as they are it would be silly to pay off a long term debt with a credit card that charges close to 12% APR when there are loans on the market that charge less than 6%.


Things to Know Before Applying For a Credit Card

It is true that having a good payment history on a credit card is a key component of building a consumer credit score. Credit bureaus love a good mix of accounts, including unsecured credit cards and installment loans.

If you do not currently have a credit card, then you might want to consider applying for a card and building a deeper payment history prior to making a major purchase on credit. Building credit can reduce the cost of interest for vehicle or home purchases.

Pre-Approved Offers

A pre-approved offer is not a guarantee that you will be approved. You could still be denied if your stated income does not satisfy the income requirements established by the card issuer. In addition, if your credit score has dropped recently, you could also still be denied.

Still, a pre-approved offer is more likely to be approved than an unsolicited application. Credit card issuers buy lists of potential customers from the credit bureaus. If you received a pre-approved application, your credit met the initial credit requirements of the card issuer for that particular offer.

When a card issuer receives your application, they then conduct a new credit check to see if you continue to meet their requirements. Your credit score will likely be within a few points of what it was if nothing extraordinary has happened to your credit in the meantime.

A simple late payment or even going over the credit limit on another credit account could cause your credit score to drop by as many as 50 points. Correcting the problem will bring your score back up, but not to the original level.

Therefore, you should evaluate whether now is the time to even apply for a card. Any recent negative activity on your credit report could jeopardize the approval of a new application.


Inquiries may also prevent approval. Each time that you apply for a line of credit, an inquiry is recorded on your credit report.

If you are denied a credit application, understand that your credit score will have dropped anywhere from 1 to 5 points. Applying for another card would be ill-advised at this point, since you would have an even lower likelihood of being approved for that account.

Multiple applications in a short period of time can cause your credit score to drop to a point that makes approvals unlikely. Credit card issuers get nervous if they believe you are trying to apply for substantial credit in a short period of time.

If you believe you could benefit from a new account and expect to be approved, then choose wisely. Some credit cards have much better terms than others. Most importantly, once you have opened a new account, take care of it. Maintaining your credit accounts is essential for building a solid credit history.


Things to Look For in Applying For Student Credit Card

With so many different student credit cards in the market, how can you pick the right one for you? Here are some factors that you should check on:

The APR. A lot of credit cards for student comes with a 0% APR introductory offer. Before you sign up, make sure that you understand where the zero interest is applied. The 0% APR may only be applicable to purchases or balance transfers while other cards may give the zero interest on both.

Furthermore, make sure that you are clear about how long the introductory promo lasts. Some credit cards offer only 3-6 months while others may offer a much longer introductory period.

Other Charges. Aside from the APR, don't forget to check all the other costs on your card (late fees, over-the-limit fee, annual fees, etc.). Remember, a low interest rate doesn't necessarily mean that you've found the best student credit card in the market. Make sure that there are no "hidden charges".

The grace period. A sufficient grace period ranges from 25-30 days depending on your issuer. Remember to submit your payment before your grace period ends to avoid additional charges.

The perks and rewards. After considering the interest rate and the rest of your credit card fees, consider the rewards that best matches your lifestyle and needs as a student. However, bear in mind that a student credit card with rewards will only be beneficial if you will pay off your balances in full each month. Otherwise, you could be subjected to a higher interest rate.

The terms and conditions. Everything you need to know about your chosen student credit card is in the Agreement. Take the time to examine the complete Terms and Conditions before signing.

The convenience. Can you use your student credit card on various establishments and merchants? Does the card report payments to the major credit reporting agencies? This is very important because a student credit card should help you build your personal credit history.

Online access to your account. Being able to access your account online will help you monitor your balances and keep track of your credit card spending conveniently.


Six Things to Look Out For When Applying For an Airline Credit Card

Airline Credit Cards are very popular right now since they have the potential to get you a free airline ticket. The only thing you need is to be a Frequent Flyer using one of the Airline Credit Cards. But, as always, there are certain things you need to look out for when signing up for one of these Airline Credit cards. The first thing you need to know is that you don't get a free airline ticket just because you have an airline credit card, you get an airline ticket if you have accumulated enough points for an airline ticket. For example, you might spend $500 a month on your airline card, which means that you get 500 miles for each month. Where can you fly there and back with 500 miles? Maybe over a period of 3 months you could cash in your points for an airline ticket. I hope that makes sense to you.

Before Applying for an Airline Credit Card, go through a quick checklist:

1. Signing up Bribe: They will offer you 25,000 miles or more for joining their Airline Credit Card. Great, but check out which airline you can use; is it close to an airport you live by and is it viable for you to use? I mean there's no point having 25,000 miles and only being able to use it in LA when you are in New York.

2. Annual Fee: If there is an annual fee, is it for the first year only? Or is the bribe good enough that you do not mind paying the $49 fee and getting 25 000 miles?

3. Spending Requirements: You will need to spend a certain amount of money before you can use your bonus miles. Let's say it is $2,000 in 60 days, would you have already spent that money or would you have to go spending money unnecessarily?

4. Cancellation: If you want to cancel the Credit Card but you have some miles left, first find out if you can still use them even if you are no longer a cardholder? Some Credit Card Companies require you to be a cardholder for a certain time period before you can claim after you have canceled your card, plus you might have to pay certain fees to claim if you are no longer a cardholder.

5. Claiming: You want to claim your air miles that you have clocked up. With an airline-sponsored credit card the miles already show up on your account and you can claim them immediately. With a non-airline credit card, like Bank of America, you will need to follow a certain procedure before you can claim your miles. Also, check to see if there is an expiry date on the miles you have earned.

6. Blackout Dates: Credit Card Companies may block out dates and specific times when you want to claim your miles, for example they might make you fly off season and off hours and for some people that is just not practical.

Now you know what to ask, and what to look out for, before applying for an Airline Credit Card. You must also decide if this type of reward credit card is worth it for you. Do you have an excellent credit score? Are you able to pay off all your credit balances every month end? If you answered yes to these questions then it makes sense for you to join a credit card rewards program.


Is it True About Credit Card Limit Cut Backs?

Yep, you bet. Actually, if you haven't been contacted by your credit card company yet you should be on the lookout for some form of a notice very soon. As a consumer, what you should expect is an envelope containing specific information that will outline the new terms of your credit card, including interest rates and credit card limits.

Specifically, what you'll be seeing in terms of your credit card limit being cut back are quite stringent and lessened actions. Even with consumer credit already being stretched to the absolute max, there currently are (and soon will be even more of) a plethora of Americans that may discover shrinking or lessened credit limits, despite rising interest rates.

But, the question here is simply "why?" Because, as it is, even those who are responsible in their cardholder positions are getting financially hit here. Having a polished track record and an unsmudged credit score isn't even enough; to no avail and still, such esteemed cardholders are witnessing their credit card limits being curtailed right in front of them.

FICO Ways of Old and Greeting The New

The old way of determining rates and limits via outstanding balances and FICO scores are still in use, to a degree. But, what's now being ushered in the door for determining rates and limits are anything including factors such as where you reside or even to the point of surmising how stable your particular job is. More or less, the stance here is directly from a mindset that's being overly cautious, especially to at-risk borrowers.

Who Are Borrowers That Are "At-Risk?"

Those who would be classified as borrowers at risk include those who are unable to meet their balances. Of course. This makes sense. But, don't get set on just this determinative classification. Here, cardholders who are deemed at a great risk are those under certain industries such as construction, home-building or mortgage brokerage. It is this set of professionals specifically that are seeing their credit lines being cut more than anyone else.

Also, credit card issuers seem to shrink limits and even deny credit lines for those consumers who live in the hardest-hit housing markets, which shouldn't be much of a surprise; consider that major banks did the same thing a few months ago via shrinking credit lines for home equity loan products and services.

Expect Credit Ratings To Be Hit

Typically, when credit card limits fall the ratios of cardholders' debt to their credit undeniably rises. This is not good though. Consider that a domino effect can take place. Just do some reasoning; less credit can lead to an easier means to target over-the-limit charges and subsequent penalties. Also, realize that credit agencies check into individual consumer credit percentages, as far as use is concerned. And, with lower credit card limits cardholders automatically use a greater amount of available credit. This, on its own, can possibly (and would most likely) spur a lowering of a consumers credit score.


Credit Cards For Backpackers

Backpacking is a popular holiday choice for those of us who want to get out there and see the world. With such a variety of destinations in all four corners of the world, there is no end of choice for the adventurous traveller.

When preparing for a backpacking trip, it is important to ensure that you have a number of aspects in place - ranging from medical to monetary - and one of the most crucial of these is making sure you have money available during your trip.

For many backpackers, carrying money is one of the main worries of their journey. Being in an unfamiliar environment can be quite daunting, but not having the money to get by is a scary thought should you run into any trouble. Because of these risks, many backpackers choose to take cards with them on their trips in order to minimise the chances of losing money on their excursions.

Credit cards offer the chance to spread payments over a period of time, and can come in very handy for emergency situations, whilst debit cards allow the chance to set yourself a budget through the use of a balance - usually accumulated during employment before travelling.

Research is key when it comes to deciding the financial route you want to take while you travel, not just about the best deal on a card before you go but also your limits for using the card abroad. There are a number of things you should check about the card before you go:

  • Is it covered for use abroad? Check for the Mastercard or Visa logo before you apply, as these are globally recognised brands and the most likely to be accepted in many establishments around the world.
  • Is there a pre-pay option on the card? Debit cards can be useful for short holidays as they provide you with a budget, so you can prioritise payments and also think about just how much you want to spend on souvenirs.
  • If you're taking a debit card issued by a bank, do they have outlets in the country you are visiting? If not, you must ensure that they allow you to withdraw money at cash machines in other countries, and how much would you be charged for such a service.

As well as ensuring that you find out as much as you can about the cards and what they offer before you travel, it is important to inform your bank or credit card company that the card will be used abroad in order to ensure that any balance transfer that you put through won't be halted due to suspicion of fraud.

By taking the time to research the options available to you before your travels, and by watching your spending limits during your travels, you can ensure that you get the most out of your backpacking experience, remaining financially safe along the way.


Secured Credit Card

Are you tired of defaulting on your credit card payments time and again? Is your credit history suffering from an irregular payment pattern and are you suffering from high finance charges on your credit card? Welcome to the world of secured credit cards, your one stop answer for all the credit card woes.

Let us first know what a Secured Credit Card is. No, it is not yet anther way of protecting your card from some kind of theft. Instead, it is a card made secured against the potential damage you yourself could cause to it by not making payments.

What is a Secured Credit Card?

A Secured Credit Card is one in which the applicant makes a deposit at the time of application which is later used for covering up for a missed payment. The deposit is made with the credit card company and is usually equal or lesser than the credit limit of the card. It is a very good option for people who are not very disciplined about making a payment and usually suffer from huge finance charges and the torture of collection recovery agents.

How Does a Secured Credit Card Work?

A deposit against the credit limit of the card is made by the applicant before getting the card. If the cardholder faults in making a payment then the credit card provider has the right to take the monthly payment from the deposited amount. The delinquency level at which the company would take a payment from the deposit differs from provider to provider. Usually it is only after missing of 4-5 subsequent payments that the deposit is used.

The Pros and Cons of a Secured Credit Card.

A secured Credit Card is a boon in many ways. It not only ensures that you do not default beyond a certain limit on your card but also prevents you from suffering huge finance charges. It is like a pre payment that you make to cover up for a missed payment and gives you immense peace of mind! It prevents your card to get into late stages of delinquency where you start getting annoying phone calls and even visits from collection agents and saves you a lot of trouble. The bonus is that some companies even provide you with an interest on the deposit you make on the card. So while your money is resting for saving you from bad credit, it will also earn some more moolah for you!

The only concerns you could have with having a Secured Credit Card could be a high application fee and a high annual fee that comes with it. You could also be charged with a processing fee if you want to apply for such a card. The best way is to find out before hand about the cost included and steer clear from cards with heavy fees as eventually, they will eat up from the deposits you make. Also, it is a bad idea to apply for a card with a deposit higher than your credit limit and no interest also.

Good to Know

Another good thing to know about Secured Credit Cards is that in most of the cases, they can be converted to normal, unsecured cards once you think you are stable enough. They are also a very good way to improve your payment profile and in countries where a systematic credit bureau works, it comes across as a very handy tool to regain your credit worth. All in all, it is an excellent option for people who need a credit card but forget to make a timely payment and suffer the damages!


Are Credit Cards Becoming the Most Convenient Payment Methods of Today?

Credit cards, a type of plastic money, seem to have turned into a necessity from a fancy. Previously, they were mostly pointed out as 'vanity of wallets' by the critics and those who defended a random use of credit cards. People would love to flaunt their haughtiness and status by the number of credit cards peeking out of the pockets of their polished leather wallets. However, presently banks and financial organisations have devised multitude of cards to make diverse ends meet of diverse types of users. As a result, both the masses of card members and multifariousness of cards are increasing.

It is utterly difficult to find out whether the increased number of users influences from introduction of various cards or if the variations in credit cards result in-from the growing interest amongst people. Whatsoever be the case, credit cards are evidently becoming one of the most preferred modes of carrying money and payment. Credit cards also give access to online banking benefits to the users. Members can take advantage of online banking for making payments, balance transfer, recharging their mobiles, paying electricity and other bills and in knowing remaining credit limit too.

Diverseness in cards is brought up to complement to purchase and payment ability, and also lifestyle of people. For example, there are frequent fliers and travellers who may opt for credit cards, especially designed for them, to get discounts on ticket booking, reservation of accommodations, booking of car rental services, cost-effective deals on shopping, visiting places, amusement parks or eating at fine restaurants etc.

Multiple categories of credit cards assist people in multiple ways including acquiring reliable health check up and wellness programs, for business and corporate people to offer them special business class benefits with special rewards and money saving advantages to help managing their expenses better. The business users are also entitled to higher credit limits to aid extended capacity to spend money, especially when they are touring on either business or pleasure purposes. Business credit cards include special facilities to help corporate people managing employee care with add on cards for employees. Business cards also assist cardholders distinguish their personal expenses from business expenses as well as offer users with many additional perks and rewards such as airline rewards, cashback rewards etc.

If you are mainly focus on availing rewards, then concentrate on the reward point credit cards and cash back credit cards. These kinds of cards offer yielding incentives for using cards to purchase. While purchasing with these credit cards, the users accumulate points which they can redeem with various kinds of rewards. Cashback credit cards offer cash rewards to card members when these members use them more. Points and cash rewards increase as the usage of the cards gets higher. If you are a punctual credit card payer and do not indulge in postponing your payment cycles, then this type of credit cards suits you better. Otherwise, you have risks of accumulating repayable amount which would one day appear as a too large amount to pay off and generate bad credit reports for users. While cash back credit cards offer rewards in cash, the general reward point credit cards offer rewards in kind on rolling up of points. These rewards can be anything such as gift cards, jewellery, electronic gadgets or home appliances, stay at premium class hotels or suites, flight tickets and many more.

If you advocate shopping, the best way to de-stress and most enjoyable leisure, then apply for any retail rewards card or credit card offering ease of payments. Retail rewards credit card team up with prominent branded retailers ubiquitous around the world. On shopping from those retailers, card members receive rewards, either in cash or reward certificates. There are also those basic cost curtailing credit cards like low interest cards that may charge lower introductory APR before starting to charge higher rates after particular period, also may offer fixed interest rates etc.