The Several Diverse Kinds Of Charge Card Accounts Explained

Credit cards have become a big part of life for people and, that's no secret! As a matter of fact, because most consumers who are old enough to use credit cards use them, there are quite a few different kinds of offers out there these days to attract different kinds of consumers. With that said, if you are on the hunt for a new credit card account, here are some specialty charge cards that consumers often times find themselves interested in:

#1: Balance transfer credit cards: This is by far, the most popular credit card type on the market. I attribute this to the fact that consumers love a good savings! Balance transfer charge cards offer people the ability to transfer a high interest rate credit card balance to a new low annual percentage rate credit card account! In most cases, these charge cards offer 0% promotional interest rates for anywhere from 6 to 18 months!

#2: Secured credit card accounts: Another very common type of charge card account is called the secured charge card account. These specialty charge cards give consumers the ability to improve their credit scores! This is because they report the credit card activity to all three major credit reporting agencies on a monthly basis. When used properly, these credit card accounts can have an extremely positive affect on your credit score! The biggest difference between secured charge card accounts and standard charge cards is that consumers must place a security deposit with the lender before using their secured credit cards!

#3: Cash back charge card accounts: The next popular credit card account type amongst Americans is called the cash back credit card. Cash back charge card accounts offer consumers the opportunity to earn points for each purchase made using their special credit card account. These points can be accumulated and later redeemed for cash rewards. Often times, these specialty credit cards offer Americans the ability to redeem for gift cards with a value higher than the cash value!

#4: Skymiles credit card accounts: The final charge card account type that I will go over today is called the skymiles charge card account. Skymiles charge cards are designed for those people who like to travel often! These specialty credit card accounts also allow consumers to earn points. However, once the points are earned on these credit cards, consumers have the ability to redeem them for great travel rewards like free airfare and baggage claim fees!

I hope you enjoyed this article! If you have any questions about charge card accounts, please feel free to visit the source of the information found here today, JEMCreditCards.com!

The information found in this article was researched on JEMCreditCards.com:
Skymiles Credit Card Offers | Compare Credit Cards

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