Types of Credit Cards

There are many different types of credit cards with different benefits. Each individual card is unique in terms of their specific benefits, but all cards fall into a few general categories.

Standard Cards

Standard credit cards, often called vanilla or plain vanilla cards, are the most basic of the types of credit cards, as they do not offer rewards & are pretty straightforward in their terms.

A personal credit card is just what is sounds like: for personal use. Lenders look at your personal credit score in determining qualification.

Personal Cards

Business Cards

Business cards are generally used by small business owners and their employees for business expenses.

Unsecured cards are what most people think of when they think of credit cards. These cards allow you to spend up to a set limit without putting up any form of collateral.

Unsecured Cards

Secured Cards

Credit cards are a great way to build credit, but it may be difficult to get approved for credit cards if you have bad credit.

Student Cards

Many of these cards come with rewards, but generally the applicant must be attending post-secondary school to be approved.

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