By: Mirage Ratnayake
People with good credit ratings can find the best credit card with many different benefits. Some perks are miles for flying, rewards programs, cash back programs and more. There are credit cards for individuals and businesses.
Some credit cards offer 0% interest, no annual fee, interest ranging from 11% to 24%, some offer points for using your card for hotels, restaurants, airline tickets, drugstores and other merchants and so forth. In order to get this kind of credit card you have to have a very good rating on your credit report.
There are credit cards for people that do not have excellent credit. The rates are usually higher and the credit line is not as much. If you get these credit cards, you can use them to get your credit rating higher if you pay on time. These types of cards are for the people that just have filed bankruptcy or are trying to rebuild their credit.
When a business applies for a credit card they should go through their bank. They might get a better interest rate in exchange for perks. If they go through other credit card companies they could get perks like lower interest, rebates, they can get a higher balance and they might get a no annual fee for so many months. Their credit rating must be pretty good in order to get all the perks.
Credit card companies are found on the internet. There are a vast amount of credit card companies to pick from. You should compare each one and pick the one with the most benefits. Things to compare are interest rates, penalties, benefits, and so forth. Read the fine print. If you have a credit card, you should try to pay the balance at the end of the month to save money on the interest.
In conclusion: there are many different credit cards to choose from. There are credit cards for the people and businesses that have very good credit, people that do not have credit a step below very good credit, people that have no credit and people with bad credit or bankruptcy charge offs.
Always compare credit cards for the best interest rates, benefits, rewards, penalties and so forth. Try to pay off the balance at the end of the month if you are able to.
Businesses get more perks than the individual. Their credit needs to be almost perfect. Read all the fine print before applying for a credit card.