credit cards The credit card is the best substitute for checks and money, and an important element of trade using the Internet and e-commerce, and defines credit cards as a small card made of plastic, It is issued by banks and allows the owner to buy services and goods on credit. Other credit card definitions are a means of payment of purchases, and contain money to be collected later
Types of credit cards There are many special types With credit cards, the following information is about them.
Credit cards balance transfer :
Cards that offer a low introductory rate on transfers of financial balance over a period of time. Offers for this type of card vary according to the promotional interest rate and the length of the promotional period.
Credit Cards Rewards:
Cards that offer rewards to customers when they make purchases. These cards are divided into three main types: travel cards, point cards and cashback cards. The preference of individuals for these types of cards varies according to the nature of their personal expenses.
Student credit cards:
These cards are designed to suit the needs of university students. This type of card has many additional features that make it different from other credit cards. These include: various bonuses, low interest rate and other features.
Shipping Cards:
These are cards that do not have a spending limit in advance and require full payment of their balances at the end of the month and often do not depend on any shipping charges or minimum payments. Full balance.
Secured Credit Cards:
Credit cards are a type of credit card that is an option for people who do not have a credit history or who have suffered credit damage. These cards need to deposit money for insurance, and the credit limit is often equal to the amount of the deposit, and sometimes more.
Prepaid Cards:
Are cards that the owner must pay money before use, and the value of purchases from the balance Of the card, and can be spent only after the shipment of more money.
Source:
Credit card", Business Dictionary
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