Benefits and types of credit cards
Unlike a standard consumer loan, a credit card is a less universal tool. It is distinguished by a faster processing time, the absence of the need to confirm the presence of the purpose of the loan. In most cases, the borrower does not need to visit the bank - it is enough to apply online and get the result. Types of credit cards. As a rule, credit cards are divided into several types, each of which has distinctive features. According to the size of the credit limit: Economy. This type implies a limit on the amount you can use. As a rule, free maintenance is provided; Standard. The annual rate on credit - from 20 to 24 percent. Servicing this type will cost the owner a large amount. Often a grace period of up to 66 days is provided; Gold. The borrower is given a very large amount of money to use at an annual rate of 15 to 25 percent. Premium. A card with a limit of up to several million dollars at an interest rate of 12 to 20 percent. Annual maintenance is expensive. Also, th...