A credit card is a plastic card that allows an individual to borrow interest-free money from a lender to make his purchases on a credit basis and returned within a stipulated period of time called grace period. The money borrowed can be for purchases ranging from anything between a cheap burger and an expensive vacation.

A credit card allows a consumer to borrow money from a lender (the credit card issuer) to make all his purchases and lets him pay back the borrowed money within a grace period which is generally 25-30 days. The money borrowed and returned within the grace period doesn’t carry any interest, but in case the payment is delayed, then interest will be charged on the money owed to the lender.

Consumer behavior saw a change in the preferred payment method for the first time since 2016. Debit cards were the most used, but 2016 marked the year were American consumers preferred credit cards over debit cards. Credit cards are preferred over debit cards for the following reasons: Safety because it’s the bank which pays the money if at all there’s an error or fraud occurs.

Having a bad credit history is a common thing since millions of Americans have bad credits due to several reasons. Bankruptcy, foreclosure, untimely payments of medical or student loan debts are just a few reasons to have setbacks on an individual’s credit score. However, bad credit or a low credit history affects individuals in many ways, for instance, while trying to borrow a home loan, rent an apartment, buy a cell phone, and even while finding a job.

A 0% APR means that you do not have to pay interest on your credit card purchases for a specific period of time. 0% APR credit card offers sound amazing and they are. However, cards with 0 APR still function like regular credit cards. Advantages of 0% APR credit cards: One, to pay off debts with a high-interest rate.

There are many credit cards available online, so choosing one of them depends on a person’s financial goal: whether a credit card is required for travel, or whether the person is a jet-setter, or whether the person wants to earn cash by spending every day. Getting and choosing a credit card depends on the lifestyle and spending habits of the person.

If you wanted to get good credit cards to build credit or develop a credit score that has been damaged by past financial problems, the best ways to do so are by using a secured credit card. Secured good credit cards can effectively improve credit history. And it is definitely not something that can happen just in days –for some credit holders it would take five to six months of opening the account, for some, it might even take a longer period.

Credit reports and credit report scores are important to obtain loans, funding and it contains all your financial information like the history of your bill payment, loans, debt etc. It also contains the history of a criminal past like fraud, arrest, bankruptcy. The FICO ( Fair, Isaac, and Company)  score was first introduced in 1989. It was used by the majority of banks and creditors.

Almost all gas credit cards in the US are general purpose cards with special benefits for purchasing gas. The 10 best gas credit cards are all available for a credit score of 700 and above. It is not that no cards are available for those with average or poor credit score.

A customer can load these general cards with his funds, and they can be used for all their purchasing needs and paying bills. Prepaid cards are more or less similar to traditional debit cards a person can use it anywhere based on his requirements. It works on the simple principle of “you load it you spend it” funds can be deposited or transferred through direct deposit, bank transfers or by visiting the nearest retailer, these depend on the services rendered by the issuer of these cards.

Travel credit cards or travel rewards credit cards are cards which benefit a traveler in terms of earning him free travel, achieving elite membership with airlines and hotels and similar travel-related perks when used. Though they can be used to get cash back, travel rewards cards are more effective when used to collect and redeem travel points.

With dozens of credit card options available online and at the banks, it is no easy task to pick one. The best card is distinguished by how much debt the user has, how and where it’s spent, travel habits, and many other things. There are some solid relevant reasons involved in choosing one.