The Bank Card holders Association of America provides consumer information that is helpful to potential credit card customers. The website begins with a profile section that categorizes the person making the inquiry based on their overall financial portfolio. The major categories are students, businesses or individuals. This are then classified according to the applicant’s credit score and his overall cash flow.
The site helps a customer to make a choice based on his needs. The student who is looking to build his credit early is able to do so by choosing from a certain category of cards. These provide flexibility which is necessary to help manage an inconsistent income as well as student loans. Persons with a high expenditure due to the nature of their lifestyle or business are advised to take the cash back credit cards. These give cash back for purchases made on selected items.
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Frequent travelers are encouraged to take up the Airline Miles Credit cards. This allows for the applicant to earn flier credit that can be redeemed for flights. Other categories to consider are credit cards that assist one to redevelop their credit line after a poor rating. People with a consistent and guaranteed income prefer the cards with 0% interest because they can manage to make the payments on time. High balance credit cards are also the best choice for some people.
The site above answers frequently asked questions that affect the vast majority of all credit card applicants. Additional helpful information includes the involvement of families in boosting financial literacy. This includes teaching minors about money and setting a family budget. Lastly, the site provides insightful tips and advice on debt management and how to avoid being a victim of fraud. The information can help in choosing a credit card by making one aware of what is in their best financial interests.
References
BankCard Holders of America (2018) Retrieved from www.creditnet.com
