Explanation of some of the credit cards we offer:


By:   David Hall

0% Intro APR Credit Card or Balance Transfer Credit Card gives you the benefit of using this credit card without making any interest payment on the principal for a stated period of time. This credit card is marketed to individuals with good credit rating who want to transfer balance from a high interest credit card to a 0% intro APR credit card.

Cash Rewards or Cash Back Credit Card  earns a percentage on purchases made. This reward or cash back is credited to your account.

Debit Card   takes the place of carrying a checkbook or cash. This card is used like a credit card with certain limitations, such as not being able to rent a car. Purchase transactions are contingent upon having enough funds in your checking or savings account to cover the purchase. Verification of funds require entering your Personal Identification Number (PIN) at a point-of-sale terminal.

Instant Approval Credit Card  are targeted to people with excellent credit records. This approval or denial process may only take minutes of filling out an online credit card application. Once you have received your online credit card approval via email, your credit card will be mailed to you.

 Low interest credit card saves you money. Having a good credit rating qualifies you for some of the best low APR credit card offers. The main purpose of a low interest credit card is to transfer money from a high interest rate card to a low interest rate credit card.

Prepaid Credit Card  spending limit is the amount of money you loaded to the card. There are no interest or finance charges on a prepaid card. Therefore the company giving you the prepaid credit card has zero risk.Generally people who apply for prepaid credit card are people with poor credit or unemployed.

Prime Credit Card   are issued to individuals with good to excellent credit rating. Credit ratings depend on certain criteria, such as one's ability to repay loans. These criteria include payment history, employment history, and financial stability. Individuals with excellent credit will most likely receive a lower interest rate. A major factor in maintaining excellent credit is making your loan payments on time thus avoiding late fee penalties.

Secured Credit Card  are secured by the amount of funds you have in your account. Your credit line could be from 50% to 100% of your deposit depending on the institution giving you the secured credit.

Travel Rewards Credit Card   benefits may include travel accident insurance, free rental car collision/loss damage insurance, rebate on gasoline purchases, frequent flyer points or bonus miles towards airline flights, free quarterly and annual account summaries.

Unsecured Credit Card  for bad credit are issued to individuals trying to improve their credit because they have a less than perfect credit rating. The interest rates and fees will be higher than regular or prime credit cards.

David Hall owner of the popular site www.creditcardsessential.com.   At creditcardsessential.com you can compare multiple credit card offers, securely complete an online credit card application and receive a credit decision in at least 60 seconds. You have permission to republish this article on your website on condition that you include the byline and hyperlinks intact.

Home |  About |  Contact  |  Privacy Policy |  FAQ's  |  Glossary  |  Articles |  Credit Application |  Experian |  Equifax  |  Trans Union  |  Federal Trade Commission