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Credit Card Types - Limited Purpose Credit Cards
There are multiple different types of credit cards available these days. This is great news for you as it allows you to pick the type of card that best fits your needs. You may choose from standard credit cards to premium credit cards and many others in between.
Limited Purpose Cards
Limited purpose credit cards are just that, limited. You can use the credit card only at specific locations such as a store or a gas station etc. These cards are credit cards with fees typically associated with credit cards e.g. late fees, minimum payments and finance charge.
Many limited purpose cards offer benefits to their users. You may find reward points, cash back, zero interest etc. incentives.