How many types of credit cards are there

There are several types of credit cards available, each with their own unique features and benefits. Here are some of the most common types of credit cards:

  1. Rewards Credit Cards: These cards offer rewards for purchases made with the card. Rewards can include cash back, points, or miles that can be redeemed for travel, merchandise, or other rewards.
  2. Travel Credit Cards: These cards are designed for frequent travelers and offer rewards such as airline miles, hotel points, and travel benefits like lounge access and travel insurance.
  3. Balance Transfer Credit Cards: These cards allow you to transfer high-interest credit card debt to a new card with a lower interest rate. Some cards offer 0% introductory APRs for a limited time.
  4. Cash Back Credit Cards: These cards offer cash back rewards on purchases made with the card, typically a percentage of the purchase price.
  5. Secured Credit Cards: These cards require a security deposit and are designed for people with limited or bad credit history.
  6. Student Credit Cards: These cards are designed for students and typically offer rewards and perks geared towards student needs and lifestyles.
  7. Business Credit Cards: These cards are designed for businesses and offer rewards and perks tailored to business needs such as expense tracking, employee cards, and business-specific rewards.

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