Types of credit cards

Today, almost every product line of bank credit cards are present. Conditionally can distinguish the following types of credit cards:
- Credit card in the classic sense, does not provide for own funds on the card account;
- Debit card with overdraft, for which the card holder can use both own and borrowed funds.
Those and other bank cards can be a grace period without it. Through grace period card holder can use the borrowed funds for a certain period of time free of charge, subject to full repayment of the
debt before the expiry of the grace period.
As for credit, and overdraft on the card holder bank sets a specific credit limit - the maximum amount of one-time debt. It is determined for each client individually depending on his income, the quality of credit history and other factors.
It is worth noting that the maximum amount of the credit limit is limited to tariff plans of the bank depending on the category credit card.
For example, the classic card payment systems MasterCard and Visa, on average available credit limit of $ 300 thousand. Rubles. As a gold credit card - 600 thousand., Platinum credit card - from 750 thousand. Rubles.
Often, when the first issue of the card banks set the highest possible credit limits, but, as a rule, if the client is actively using the card and does not allow arrears on the loan, the bank over time can increase the credit limit on his own initiative or at the request of the customer. It should be clarified that the bank has the right to change the size of the credit limit unilaterally during the term of the map in greater or smaller side.
The loan is revolving map, t. E. Use of borrowed funds of the bank within the available balance of the credit limit during the validity of the card can be repeatedly.