It should come as no surprise that credit cards are an important financial tool used by quite a few Americans. These financial tools allow consumers the ability to use them to borrow money when they are in need. With that considered, it comes as a surprise that most Americans don’t know about the many different credit card account offers that are available to them. Here is a list of the different types of credit card account offers available for consumers who are looking for a new charge card and who they are designed for:

Secured Credit Cards: Secured charge card accounts are specialty charge cards designed for Americans who have bad or limited/no credit scores. Before using these credit card accounts, people must first place a security deposit with the lender. This deposit becomes the credit limit for the secured credit card. So in a sense, consumers who use secured charge cards borrow their own money in return for the opportunity to show lenders and credit reporting agencies how they will react to a loan. Using secured credit cards properly can increase credit scores exponentially!

Skymiles Credit Cards: Skymiles charge card accounts are also specialty credit cards. However, these specialty charge cards are designed for consumers with good to excellent credit that travel often for personal or business purposes. Skymiles charge cards allow people to earn points also known as skymiles for each purchase using their charge card account. These points or skymiles can be accumulated and later redeemed for great rewards like free airfare and baggage claim fees!

Balance Transfer Credit Cards: Balance transfer charge cards are another type of specialty charge card accounts. These charge cards are designed for Americans who are unhappy with their charge card annual percentage rates or the lender for their charge card accounts. These credit card accounts allow consumers to transfer balances from higher APR charge card accounts. Often times, balance transfer credit card accounts will offer Americans low even 0% promotional interest rates for a short period of time. Generally these promotional periods range from 6 to 18 months!

Cash Back Credit Cards: Cash back credit card accounts are another type of rewards charge card accounts. Much like skymiles charge cards, cash back credit card accounts allow people to earn points for each dollar they spend using their charge cards. These points can be accumulated and later redeemed for cash back! Often times, lenders will offer more back if consumers choose to accept gift cards instead of cash. None the less, these charge cards designed for consumer with good to excellent credit are a great choice for those who don’t know what types of rewards they would use most, every could use more cash!

There are a few other types of charge card accounts out there but, it looks as though I’ve run out of time. For more credit card information, I would suggest going to JEMCreditCards.com!

This article is brought to you by:
JEMCreditCards.com: Skymiles Credit Card Offers | Compare Credit Cards


Sponsored Links

About Author

Author:

This author has published 28 articles so far. More info about the author is coming soon.