Views credit Cards

Credit card - bank card is designed for either non-cash payment, or to withdraw cash from ATMs.

In order to represent the detail that is a credit card, consider the types of credit cards and their use.

Credit cards:

1. Types of credit cards for international payment systems

Is widely recognized two giants on card payment systems:
- Visa
- Mastercard

In Russia, are becoming more common credit cards VISA.

2. Types of credit cards by means of categories



Here distinguish debit cards and credit cards.

It just so happened that any plastic bank card in Russia called the credit card, although, strictly speaking, it is not correct.

So what is a credit Krata?
Credit card - this card for you with a dedicated credit limit on it. You pay with a card for purchases or withdraw funds from an ATM and then have to pay off the debt + interest. Ie a loan issued through the plastic.

A debit card - it's just a bank card that you replenish their funds and then pay by card or eliminates the need for the amount of ATMs. Ie a carrier.

The main difference between these types of credit cards is that with a debit card, you can not get into debt to the bank and credit card can use credit funds within the set limit your bank.

Now there is a mixed card - credit card with replenishment personal funds. This is useful when you eat such as abroad and do not know exactly how much it stowed. You complete a map of their own means, but if they suddenly run out, you will be able to "get" credit on the card.

Next we will talk specifically about credit cards, ie, with the possibility of lending.

3. Types of credit cards available on the sustainability of funds

Here are divided into credit cards and revolving cards nerevolvernye.

What is a revolving credit card? This is a map with the Renewable credit.

Consider this example:
Bank approved you some credit limit on the card (credit limit - the amount, within which you have the right to get into debt). Here you have used this limit and then pay it off in time. Once passed the full repayment of the loan on a map on your card account is again available amount within your limit.
Ie a kind of principle of the revolver (hence the name - revolving card): Shot (money spent), charge (repaid on time), drum automatically turned on a new charge (new tools have become available with the same limit).

Currently, most credit cards - this revolver.

4. Types of credit cards to defer repayment

Distinguish credit cards with a grace period (or, grace period) and no grace period.

What is a credit card with a grace period? This is a map on which the bank gives you time after time "climbing" in debt for which interest is not charged. Typically this period ranges from 21 to 60 days. Here and there I saw more time, but this is rare.

Ie during this grace period, you can repay the loan without interest: took 100 rubles, gave exactly 100 rubles, but not later than the boundaries of the grace period. If it does not extinguish all in time, it is often to present a bank to pay interest for the entire period.

Important correction: Grace period is usually only valid for non-cash payments! When cashing money from card grace period does not work and this amount in any case already have to pay to instill interest.

Correspondingly, a credit card without a grace period means that interest you drip since the first day after the "climbing" in debt.

5. Types of credit cards on bonuses

In this graduation distinguish joint (or kobrendingovye) credit cards and conventional. Usually kobrendingovye card - this card issued with the assistance of third-party companies that are interested in attracting new customers and offer bonuses to owners of such cards.

For example, in Russia common example kobrendingovyh cards - this bank cards issued in conjunction with the airlines. It demanded product, as on the one hand a credit card is often necessary in the journey, and on the other hand, people on something fly in these trips. And benefits for the cardholder that when using such a card to him bonus points for air travel. These bonuses are then transformed into prices on air tickets.

6. Types of credit cards by status and maintenance

Perhaps the most famous in the home gradation. Then credit cards are divided into:
- Electron / Cirrus / Maestro;
- Classic / Mass;
- Gold;
- Platinum;
- Exclusive limited edition card.

Between themselves, they differ not only in status and prestige, but also a measure of the maintenance fees for the use of, credit limits, protections, etc.

7. Types of credit cards to accumulate and save

Here, credit cards are divided into:
- Mixed with the possibility of accumulation of cards;
- Credit card with the function cash back;
- Ordinary card.

Maps with the possibility of accumulation implies that if the card augmentable personal funds (mixed or debit), then to make you an amount every month is charged a small percentage - ie there is a bank deposit.

However, as a serious deposit is considered not worth it, there is usually a fairly low percentage. Still, most of the card is insturment spending, rather than accumulation.

Credit cards with cash back functions allow you to return some of the money for the purchase on your card account. The sum of these of course are small (typically 1-5%) and introduced to encourage customers to buy. Now this kind of cards just arrived in Russia and it is not much rasprostarnen.

We have considered all the basics of credit cards. I think now you clearly understand what a credit card and how it can serve insturmentom for you at the moment.