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What Are The Different Varieties of Credit Cards

Nick Makaryk
Jun 6, 2008
All across the United States, there are hundreds and hundreds of banks and credit card companies looking for your business. This day and age, banks and credit card companies are in competition with each other, trying all they can to get your business. To try and get your business, they offer different credit cards with various incentives, rebates, and other perks.

Before you make your decision and choose a credit card, you should always compare what each company or bank has to offer you. If you get an offer in the mail for a credit card, you should go on the Internet and look into it more. You should also make sure that you read the fine print as well, to see if there are any type of hidden fees or other costs associated with that card. Many times, with offers in the mail, credit card companies or banks will try to sneak hidden fees and costs in there.

Interest rates and APR vary from credit card to credit, therefore, it important that you compare the various credit card companies' current rates. You will want to get the lowest possible rate available. If you come across a credit card with an unusually high APR, then you should probably turn the other way. Credit cards that have a high APR rate can easily cause you financial difficulties. No matter what type of credit you have, allowing yourself to become a victim of high APR can quickly leave you with debt that will be hard to pay for.

There are three main credit cards to choice from; MasterCard, American Express and Visa. These are the three leaders in the credit card industry. MasterCard and Visa do not directly issue their own cards. Instead, they use other companies and banks who issue the cards on their behalf. American Express, also known as AMEX, is the only credit card company that issues their own credit cards and does not use a third party for anything.

Visa or MasterCard are the best choice if you're going to be traveling. They tend to be accepted in most locations around the world, while American Express may not be accepted in some areas. However, expansion is planned, and American Express may soon be accepted worldwide.

Discover is another type of credit card, although it isn't near as popular as the three above. Discover does have some great benefits to offer you, although it isn't accepted in other parts of the world. Most people who have Discover credit cards stay local and use their cards in the event of an emergency. If you don't have a credit card and have been thinking about getting a Discover card, you should really think about that decision and choose either Visa or MasterCard instead.

There are lots of cards to pick from, and the choice of credit card you use is up to you entirely. You'll have to find a card that works with your lifestyle and your needs. Cards can be found from local companies, or online.

While some people are afraid of Internet credit cards, they work well as long as you know what you're getting into. To save yourself time and money, be sure to research any potential credit card carefully before signing up.
About the Author
Nick Makaryk is an Internet Publisher, Editor, and Founder of Best Credit Cards . A Free consumer credit card comparison site helps you find the Best Credit Card while avoiding higher interest rates, charges, and fees.
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