Economy, asked by jaganbhava19, 2 months ago

credit cards types and features​

Answers

Answered by shayista1985
1

Answer:

The different categories of credit cards are

Fuel Credit Cards.

Contactless Credit Cards.

Credit cards for Women.

Travel Credit Cards.

Cashback Credit Cards.

Co-branded Credit Cards.

Rewards Credit Cards.

Business Credit Cards.

Explanation:

Hope it helps Mark as brainliest♊

Answered by Anonymous
4

ANSWER:-

Fuel Credit Cards:-

  • A fuel card or fleet card is used as a payment card most commonly for gasoline, diesel, and other fuels at gas stations. Fleet cards can also be used to pay for vehicle maintenance and expenses at the discretion of the fleet owner or manager. Most fuel cards are charge cards.

Contactless Credit Cards:-

  • Contactless credit cards have a small embedded chip that emits short-range radio waves. When you place your card within a few inches of a contactless-enabled payment terminal, your payment information is transferred. While it's often referred to as “tap to pay,” no tapping is actually needed.

Credit cards for Women:-

  • Credit cards have become popular across different segments and age groups, and the never- ending list of cashback, free flight tickets, easy EMI, reward points, etc. make them more lucrative. Women love shopping and there are credit cards that are designed to specifically cater to such needs. Some women love to travel, and for them, banks offer credit cards tailored to meet travel requirements. However, only making purchases on credit cards cannot offer huge benefits. Reward points and cashback makes the experience of using credit cards better for women.

Travel Credit Cards:-

  • A travel credit card is one that gives rewards to a consumer in the form of points or miles that can be used for travel-related purchases, most commonly plane flights and hotel rooms.

Cashback Credit Cards:-

  • A cashback reward program is an incentive program operated by credit card companies where a percentage of the amount spent is paid back to the card holder.

Co-branded Credit Cards:-

  • Co-branded credit cards are the product of a mutual partnership between a particular merchant and a credit card issuer. Together, they create a credit card that bears the merchant's logo and provide merchant-specific benefits to brand-loyal consumers.

Rewards Credit Cards:-

  • A credit card carrying an incentive or “reward” for use, typically involving cash back, merchandise discounts or frequent flyer points. Many different reward schemes have evolved to encourage particular uses, such as grocery or dining purchases or travel.

Business Credit Cards:-

  • A business credit card is a credit card intended for use by a business rather than for an individual's personal use. Business credit cards are available to businesses of all sizes and can help them build a credit profile to improve future borrowing terms.
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