Question

What are the different types of credit cards?

Answer 1

There are many different types of credit cards available, each with its own set of features and benefits. Some of the most common types of credit cards include:

1. Rewards cards: These cards offer rewards, such as cash back, points, or miles, for every dollar you spend.
2. Balance transfer cards: These cards offer a lower interest rate for a limited time, which can be helpful if you are trying to pay off debt.
3. Travel cards: These cards offer benefits for travelers, such as free checked bags, airport lounge access, and travel insurance.
4. Student cards: These cards are designed for students with limited credit history. They typically have lower interest rates and annual fees than other types of credit cards.