Overview Of Credit Card Offers Out There Today

By: Lawrence Fine

There are many different types of credit card offers out there today. You can find debit card offers, pre-paid credit card deals, credit cards with rewards programs, credit cards with credit line programs and more. Let's take a quick look at some of the more popular programs out there today online and off.

Debit Card Programs

Some financial institutions have credit cards attached to checking accounts with debit card programs. When you charge something in this manner, the funds are deducted form your checking account. While not bad, make sure you have overdraft protection, as you could easily overdraw your checking account if you don't keep good records. Plus some places charge fees for using debit cards, so ask before you pay in this manner.

Pre-Paid Credit Card Programs

One of the more popular programs today is the pre-paid credit card. Great for college kids, people form other countries, gifts, people with no or poor credit history and more, these offer great value. With pre-paid cards, you buy them, add to the credit lines (of some, not all) and use until the entire account is used up. Use these online and off for better safety than using your own personal private number with contact info, etc. linking to your account with larger limits.

Invite relatives to contribute funds for college kids and newlyweds. Toss away when used or add funds. These are neat credit card programs. Just watch fees, as some charge a monthly fee until they are used up.

Credit Cards with Rewards Programs

Many credit cards today come with rewards programs. You may earn a certain percentage off the price of gas, for example, and earn points towards car accessories or trips with every dollar charged. Check into fees with these, as many try to catch you with higher interest rates and yearly maintenance fees, where it might be of more value to skip all the goodies and go for a lower rate with no annual fees, etc.

Credit Cards with Line of Credit

Credit cards can be basically one of two types in this category. For those new to credit, financial institutions may offer a credit card that is linked to an amount you have on deposit with them, thus drawing on your own reserve funds with each charge. Then after you have established a good history with them, they may increase your credit line and allow you to borrow against a line with their bank.

Another type is a credit card attached to a line of credit from say your second mortgage. Then you are borrowing against funds established against your mortgage loan and need to repay them as you would your first mortgage.

So before jumping into a credit card program, consider all of the many options out there today. Check into all fees, rewards, etc. involved and even seek guidance form you local banker for help.

Get Help

For more information, click on over to: and bookmark it for your credit card needs and those needs of others. And keep up with the latest credit card tips to help yourself, your friends, family and others.

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