Why Get a Credit Card?

June 15, 2015 by Tim McMahon Leave a Comment

Credit cards are part of our modern society. Often it is safer and easier to pay by credit card rather than carry cash. Also it helps in emergencies and when making purchases on line. And finally having a credit card helps build a credit history.

So whatever your reason for wanting a credit card here is a list of possibilities. We have organized them based upon your needs and current credit rating.

If you have a good credit rating you can get lower interest rates and even a card that pays you in airline miles or cash back. You can use sites like FreeScore.com free credit score to check your credit rating. If your credit rating isn't so good, or you are trying to repair a bad credit rating, you will probably have to pay higher rates or get a card designed to help rebuild credit, such as a prepaid card.

Search the list below for the card that is right for you or check out specific cards from Discover.

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Compare By Card Type

	Airline Miles Credit Cards Save up for the trip of a lifetime. When you use this card you accumulate frequent-flier miles and other bonuses.
	Balance Transfer Credit Cards Are you looking to transfer a balance and save on interest? These cards can eliminate interest charges for 6 months or longer so you can pay off your card sooner and save money in the process.
	Business Rewards Credit Cards Would you like to earn cash back on business related purchases? Then these cards are designed for you. Get cash back on business-related purchases like office supplies and computers.
	Cash Back Credit Cards You can get up to 5% cash back on your purchases of groceries, gas and office supplies.
	Prepaid Credit & Debit Cards Debit cards offer direct access to your own money. They do not offer a line of credit. You must have the money in the account or you can't spend it. Debit cards are good if you don't want to carry cash. They also prevent you from overspending your limit.
	Gasoline Rewards Credit Cards If you spend a lot on gasoline, now is a great time to take advantage of a gasoline rewards credit card. Why not get cash back for every purchase you make at the gas pump? With the high price of gasoline, you should do well with one of these cards.
	Home Improvement Reward Cards Planning some home improvements this summer? How about getting rewarded on your purchases for those home improvements using one of these cards.
	Instant Approval Credit Cards Need a card right now? Offers vary by company but you can find guaranteed approval and instant approval cards. Just be sure to read the terms carefully.
	Low Interest Rate Credit Cards If you currently carry a balance, you know how quickly interest rates can add up. By switching to a low interest rate credit card, you save a lot of money and pay off your balance quicker.
	No Annual Fee Credit Cards These companies offer no annual fee credit cards. Why pay an annual fee if you don't have to?
	Pre-Paid Credit Cards If you don't qualify for other types of cards you can often still get a pre-paid card to help cover those emergencies when you don't have cash but the fees are often higher than other cards.
	Secured Credit Cards These cards are a step above a prepaid credit card. They require you to deposit funds but you will not be drawing against those funds. They simply remain with the card issuer to secure your card. In other words if you deposit $500 you might have a $500 limit. Because you are not drawing against that $500 it is a true credit card. And as long as you make your payments on time it will help improve your credit rating. Fees are higher than regular cards but these cards can help you rebuild after a major setback.
	Student Credit Cards These companies offer credit cards to students who haven't had a chance to build a credit score yet.
	Travel Rewards Credit Cards Get free travel... Plane tickets, hotels, etc. Plus earn bonus points or miles for hotel and travel related purchases.
Compare By Credit Quality
	Credit Cards Excellent Credit - There are special deals if you have an excellent credit rating such as low APRs and other incentives. Good Credit - Credit card companies have lower finance rates and good benefits for you if you have good credit. Fair Credit - There are cards just for those with a fair credit rating. Bad Credit - If your credit rate is less than perfect there are still companies that may give you a card.
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