Title: Different Types of Credit Cards
1DIFFERENT TYPES OF CREDIT CARD
2WHAT IS CREDIT CARD?
Credit cards are available in various types to
cater to different needs. Some popular types
include rewards cards, balance transfer cards,
secured cards, and cashback cards. Rewards cards
offer points, miles, or cashback rewards for
purchases, while balance transfer cards help in
transferring high-interest debt to a card with
low or 0 interest. Secured cards are for
individuals with bad credit, while cashback cards
offer cashback on purchases made with the card.
3DIFFERENT TYPES OF CREDIT CARD
- Standard credit cards
- Rewards credit cards
- Instant credit cards
- Special credit cards
- Co-Brand credit cards
- Featured credit cards
- EMI / Loan on credit cards
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ELIGIBILITY OF CREDIT CARD
To be eligible for a credit card, you must meet
certain criteria set by the issuer. These may
include a minimum age requirement, a minimum
income requirement, and a good credit score.
Typically, you must be at least 18 years old and
have a regular source of income. A good credit
score is also important, as it demonstrates your
ability to manage credit responsibly. If you have
a poor credit score, you may be limited to
secured credit cards or credit cards with higher
fees and interest rates.
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5ADVANTAGES OF CREDIT CARD
- Universal payment acceptance
- Earn Reward Points or cashback for every retail
spend - Enjoy credit-free payment days of a maximum of up
to 48 days including the due-date - Fuel Surcharge waiver
- Exciting discount offers on dine-out and movie
tickets - VISA lounge access benefits
- Build a credit history etc.
6THANK YOU