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CATEGORIES OF CREDIT CARDS
1 . Bank Cards: These are issued by, of course, banks. Visa®, MasterCard® and Discover® Card are bank cards.
2 . Travel and Entertainment (T&E) Cards: These include American Express® and Diners® Club. They are often pro- vided by corporations to their employees for use when they are traveling on business.
3 . House/Private Label Cards: Issued by national and local department stores, gasoline and phone companies, etc., these can only be used at specific businesses. Many businesses are now offering combination cards, which can be used at more than one retailer.
rewards than you should. Cash advances usually do not qualify for points. Find out if the points ever expire. If you don’t make frequent purchases, you probably won’t qualify for an expensive trip to the Mediterranean. Pick a travel reward credit card that offers flights or vacations to destinations that you are likely to visit.
2 . Airline: Airline mile credit cards reward you with points when you make qualified purchases, which you can redeem for plane tickets or other rewards.
3 . Gas: Gas credit cards offer rebates on all your gasoline purchases. This can add up to quite a savings for frequent drivers. Make sure there are plenty of qualified service stations where you live and drive. Know your benefits. Some cards have a high teaser rebate percentage initially, and then go to a lower rebate percent- age rate.
The right card for you is the one you can use where you like to shop, that charges you the least amount of money in interest and fees, and provides
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