| Deciding on a card that suits your requirements is | | | | rate. So it is recommended, that student should keep |
| considered a wise decision. There are different types | | | | their credit card spending in strict check. |
| of credit card that exist today. Some are better for | | | | 3. Prepaid Debit Cards |
| individual users while others are geared towards small | | | | Prepaid debit cards are physically similar to the credit |
| businesses. Let us find out what types of credit | | | | cards and they work somewhat similar but they have |
| cards are there? And what different features they | | | | various different features and functions. A debit card |
| offer? | | | | is unlike credit card in the sense that you can spend |
| 1. Business Credit Cards | | | | only a limited amount of money. One can get a debit |
| As the name suggests a business credit card targets | | | | card from the bank in which he already has an |
| small business. This helps an individual to keep | | | | account. Getting a debit card is relatively easier than |
| business and personal spending separate. The | | | | a credit card. The spending through debit cards is |
| business credit card offer what an individual's credit | | | | dependent upon the money you have in your debit |
| card can not. The business credit card may offer | | | | card issuing bank account. This card is recommended |
| some incentives, economy and rewards to the | | | | for those people who are not ready to take up the |
| businesses which possibly will facilitate the business | | | | responsibilities that come along with a credit card, |
| beyond what simple cash could achieve. Money | | | | they are bad money mangers and as soon as they |
| management is essential for running a business; | | | | get a credit card they find themselves in a pile of |
| business credit cards may offer a money | | | | debt. |
| management service which could help keep your | | | | 4. Credit Cards for Bad Credit |
| expenses in check. To get higher credit limit, you | | | | To get a credit card, you must show the bank you |
| could get your employees credit cards for travelling | | | | credit history. But it is possible even with bad credit |
| and other things. Through this they may get higher | | | | to get a credit card. The difference may be that you |
| credit limit than they normally would have. | | | | will have to pay a lot more interest and will get a |
| 2. Student Credit Card | | | | limited credit. Once you have established you credit |
| Many financial institutions or banks offer credit cards | | | | line history, you may get an opportunity to acquire a |
| to students. Although students may not get the | | | | credit card. |
| same privileges as a corporate employee or a | | | | 5. Cash Back Credit Cards |
| business gets but it still works for a student. This | | | | Nowadays many bank offer cash back incentives to |
| card may have some credit limits so to keep the | | | | the customers for using their credit cards. Depending |
| students spending in check. Even then some students | | | | on how much balance you have and how many times |
| spend too much and at the end of the month find | | | | you use their credit card, you can earn cash back for |
| themselves in deep trouble when they receive their | | | | your purchases. |
| monthly spending slip which also includes the interest | | | | |