Types of Free Credit Card

By | April 12, 2018
Types of Free Credit Card

Types of Free Credit Card

Here we will explain briefly some types of credit cards are common. One credit card may be categorized into one type or it can be a combination of several types. Please check the explanation below if you wish to get one of free credit card

This type of credit card is the most common and most banks and credit card companies provide a standard type of credit card that often uses the terms of this silver (classic) or classic (classic) credit card. To have this type of credit card, you do not have to deposit money (no guarantee required) and credit limit is determined by credit card issuer. Examples that belong to this type for example:

-Credit Card with Low Interest

Low interest credit cards usually offer low interest rates over a certain period of time as “promotions” to then rise after the promotion period ends. But some are setting low interest rates on a regular basis. This type of credit card is suitable for customers who plan to make large purchases and want to pay in installments for several months to a year because the interest is very low or even without interest zero percent.

-Credit Card for Balance Transfer

This type of credit card allows the holder to transfer another high-interest credit card balance to the lower-interest credit card. Usually credit card issuing companies offering this type of card offer an attractive interest rate of zero percent for several months to a year if another credit card charge is transferred to the credit card. The terms and conditions for this balance transfer may vary depending on the credit card, so make sure you read and study them thoroughly.