The Right Card

Student Cards
Pros					Cons
Student Cards are an excellent way to build credit. They are made for people who do not have previous credit history.					Student credit cards are often have a higher interest rate than most other cards. Because of this, unwise spending can lead to debt in the future.

Business Cards
Pros					Cons
Credit card companies usually require a business to be established at least two years before they can be issued a card.					Credit card companies usually require a business to be established at least two years before they can be issued a card.

Prepaid Cards
Pros					Cons
These cards can be used just like real credit cards in most situations. However, instead of taking out a loan every time you spend; you draw money from an account in which you put money into previously.Because your not taking from the company, approval for this kind of card is easy, no matter your credit history.					These kinds of cards typically don't help your credit because the creditor does not report your history to the credit bureau. Also, some places like hotels and car rental dealerships do not accept this kind of card because they cannot see your credit history.

Reward Cards
Pros					Cons
Reward Cards give you bonus' like cash back, airline miles, and points for everything you buy.					Read your offers carefully. Make sure you read the rules and know how to redeem your rewards. Some reward cards may also have higher annual fees or interest rates.