Top Three Credit Card Categories

April 5, 2024 By: Anna C. - CreditMonarch Online Writer01 comments

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Credit cards are very useful and have many benefits, but it’s important to know which is the right credit card for you. No worries, because here at CreditMonarch we help people find the credit card that suits them best. If you are planning to get a credit card, consider these options when selecting your next credit card. This is a quick overview of the top three credit card categories available to you:

Loyalty Points (Rewards) Credit Cards: Every time you make a purchase, this credit card will provide you with points as a reward. The credit card provider will allow you to claim your rewards once you have accumulated enough points.

Cash Back Credit Cards: This credit card gives you a reward by returning a percentage of your spending. The cashback will be added to your account and you can redeem it in many ways, such as using it to reduce your statement amount. Typically, you can only get a certain amount of cashback in a particular month.

Air Miles (Travel) Credit Cards: The purpose of this credit card is to give you air miles for every flight-related expense. Frequent flyers tend to own this credit card because they are more likely to accumulate more air miles to use them to claim for free flights, offset part of a flight’s price or even upgrade their seats to a higher class.

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• Cash Back
• Rewards credit card
• Travel Credit Card