Once you have adjusted your strategy and have given your credit cards a new purpose to compliment your financial goals, it’s important to know that there are 2 different types of card products available to consumers and businesses alike.
The features within these 2 types of cards should make a huge difference in your decision making. After reading this, you may begin to lean more towards one type versus the other.
In addition, it is still important to keep in mind that you want to live below your means and have a budget and make sure you’re sticking to it! Regardless of the card product you prefer to have in your wallet, you want to avoid paying interest at all costs!
I made the following tables to talk more in detail about each card type and the features each have. As you analyze the features of the card types, take a moment to reflect on your own personal financial goals and which type of card would be the best compliment to have in your life!
Have you made a choice on the preferred card type? If you’re still wondering how you should leverage your credit cards or charge cards the best way, read this post. Otherwise, leave a comment and let us know what your thoughts are!