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Credit Card Directory
Secured Cards
| Subprime
Credit Cards |
Prime Credit Cards
Student
Credit Cards |
Business Credit Cards
Welcome to CreditProvider.com's Credit Card Directory, one of the largest of its
kind on the internet. Here you can find a credit card that is a perfect fit for
both your credit rating and your personality.
Good credit or bad credit, we have a credit card that is right for you. Our credit
card directory is separated into the following categories; Secured Cards, Subprime
Credit Cards, Prime Credit Cards, Student Credit Cards, and Business Credit Cards.
An explanation of each type of credit card can be found below.
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A secured card is a line of credit which requires
a cash deposit as collateral. The amount of the cash deposit is then used as the
credit limit. Many banks will reward a history of of on-time payments with credit
increases without additional deposits. With responsible use, secured credit cards
are an excellent way to create or repair your credit history.
A subprime credit card is a line of credit which is
often extended to consumers with no credit or damaged credit. They typically have
annual or application fees and may charge a higher percentage rate then prime credit
cards. Like the secured cards above the main benefit is that by paying on time each
month you have the chance to build/rebuild a positive credit history. Any fees or
higher interest rates charged by subprime credit cards can be more than offset by
the value of that good credit history.
A prime credit card is a line of credit extended to
consumers with good to excellent credit. They are characterized by lower interest
rates, little or no annual fee, and usually no application fee. Prime credit cards
often offer rewards for using them in the form of airline miles, retailer discounts,
and cash back bonuses. Wise use of the right reward credit card can quite valuable
to the consumer. Many prime cards also offer 0% balance transfers, which can last
up to one year. The idea here is that you transfer the balance from a high interest
credit card to the new card and pay no interest for some predetermined period, often
a year or more.
Student credit cards are essentially prime credit
cards with low starting limits and reward programs tailored to younger people. Designed
for students with little or no credit history, student credit cards help them build
a history while minimizing risk to the banks. Often student credit cards can be
customized with school logos or other artwork to add appeal to younger consumers.
Credit card companies are also a bit more inclined to take on students with no established
credit in the hopes that they will become a lifelong user of thier particular credit
card brand.
A business credit card is a line of credit extended
to business with good to excellent credit. Tailored specifically to the needs of
business users, business credit cards have many unique features such as no pre-set
spending limit and advanced spending reports. Business credit cards also have generous
reward programs for airline miles, hotel stays, and business equipment, such as
computers and mobile phones. Because businesses spend more money than consumers,
the rewards can add up fast. Many companies allow employees to use the cards for
business but keep the rewards for their personal use.
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Did you Know...
