Creditcard visa
A credit card is a plastic card used in the system; it is type of retail transaction settlement in the credit system. A credit card system allows a customer to revolve their balance at the cost of having interest charged.
The user of the credit card is issued with the credit card when his account
has been approved by the credit provider, so when a purchase is made the
credit card user agrees to pay the card issuer, each month the credit
card user is sent a statement showing the purchases undertaken with the
card i.e. any interest, any fees and the total amount owed. A brand of credit card and debit card which is operated, visa international
service association i.e. visa is an economic joint venture which works
with many financial institutions of the world.
Visa particularly offers three main types of credit card which are:
Credit cards, debit cards and prepaid cards, visa structure is unique in the payment industry because it is disperse in nature. In the visa system two main procedures are used they are: debit and credit. The debit procedure involve the card at automated teller machine where the interlink logo of visa is shown, a personal identification number is used to identify the card holder.
The credit procedure involves the card at banking centers where the visa logo is shown, for the identification purpose card holder's signature is also used.
The logo used in credit card is usually blue and gold in color, where both the colors indicate blue sky and golden colored hills respectively, so the logo you see on the credit card or debit card simply signify that the card you hold are backed up by the major financial associations.
Now we will talk about the merit of the visa card, in other words its advantage. Visa system in terms of acceptability is renowned in various small, medium and large retail and commercial enterprises all over the world. The visa system has members from all the corners of the world, all the major developing countries of the world. The member companies of visa association can be more than 24000.In terms for the benefit of the customers, special offers, rewards and rebates are not offered by the visa company. These offers which are mentioned are actually thought by the credit card companies, and as a result these promotions or offers are not used to entice people but to induce people to buy their particular credit card. So there is a competition among the credit card companies that how they offer their special benefits and special packages. When we talk of interest rates, they are particularly levied by the card companies on their clients. The interest rates upon the card are fixed by the credit card companies themselves or it can be also decided by the government regulatory board of that particular country, similarly the payments of the cards are also decided by the issuing establishment.
There are various types of visa cards which are available all over the world they are as follows:
1) All access visa prepaid card:
This card provides you with a hundred percent approval record, where there are no credit checks and no upfront costs. The other facilities which you get on this card is online bill payments and free direct deposit, you also get the facility of load cash online or at retailers nationwide.
2) Chase platinum credit card:
This card provides you with the basic facility of free online account access and no annual fee, the length for the bill period can be either 1 year for purchases or 3 months for balance transfers. It also offers zero percent interest for the purchases made initially for a year.
4) Asiana visa platinum card:
This card provides you with ninety percent annual discount on full fare business, with this it also provides two miles for each dollar spend on asiana airlines ticket purchases. The annual fee on this card is dollar 80 depending on the market fluctuations.
5) AARP rewards platinum visa card:
This card provides you with zero percent APR and, with it no annual fees for a year. The main advantage of this card is there are no telemarketing calls and there is no liability. The main pro, being that you can earn one reward point for each dollar you spend.
6) Amazon.com platinum visa card:
This card provides you with rewards points which accumulate automatically when you make any purchases; it also gives you a facility to earn 1500 bonus points whenever you make your first purchase. You an also receive an Amazon reward certificate with the reward points you collect. So like other visa cards, here also you can earn 1 reward point for every single purchase you make. The annual fee for this card is not there, but at the same time balance transfer facility is there.
7) BP visa rewards card:
This card provides you with a rebate facility, it provides five percent rebate on all BP locations, when you make purchases from there, and this card provides no limit on the rebates and also has no annual fees. You can also get a facility of double rebate for two months.
8) Borders 3.2.1SM visa card:
This card provides you with, your first qualified purchase, bonus points of 1000 3.2.1; you get 3 points if you make purchases from borders.com and 1 point if you make purchases from elsewhere. This card also provides you with the facility of redemption i.e. when you redeem your accumulated points; you get gift cards, gift certificates and travel rewards. This card provides you with a no annual fee but it provides you with a balance transfer facility.
8) Capital one no hassle cash SM rewards card:
This card provides you with a no annual membership fees, but it has a facility, where you can earn one percent cash back on the purchases you make. The main advantage of this card is that there is no limit on the cash rewards you earn. So these were the different types of visa credit cards.
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