Best credit cards online

Choose the best credit card

1 - 10 000 €
  • Interest-free payment period - 45 days
  • Credit Rate - 19.99%
  • Annual fee - 0 €
  • Age limit - 23 years

*E.g. fee for deferral of the actual annual interest rate 21.92%, 1500 eur / 12 months total 1668 eur.

How do credit cards work

Why credit card?

Credit card is a tool that allows you to use borrowed money to pay for products and services. It works in a way, that when you make a purchase, you borrow money from the bank for the payment, so you do not use your own money, but the bank’s. This takes place without interest until your period expires. The period varies from bank to bank – Bank Norwegian operates for example with a period of 6 weeks. Before the period ends, you have to pay back what you have borrowed, otherwise interest will come on what you have borrowed. Scroll down if you want to find out more about how do credit cards work.

A credit card used properly will give your economy a fresh breath in a healthy direction. If you pay your credit bills on time, stay away from payment remarks and keep a steady flow, you earn a positive credit score that may be crucial to a future credit or loan application.

When should I get a card?

Best credit cards

If you have just turned 18 and are thus approved for a credit card, it may not be the most beneficial for you. The credit card is best suited for people with a stable economy and fixed income and publishing. In that case, a credit card can offer several benefits, and the world is full of different credit cards to suit your needs.

We, at House of Banks, are working hard to find the best credit cards for you and we would like to share our knowledge with you. You probably have some knowledge about how do credit cards work. Don’t worry, you can still read more about it later on. 

House of Banks, need money now, I have no money, its my money and I need it now, cash now, I need money, I need money desperately, need money, need 2000 dollars fast, it`s my money and I need it now, get free money right now, I need money today, I need money now, loan near me

What’s The Difference Between Credit Score And Credit Report?

Credit report is a record of your borrowing history. It contains personal information such as name, age and history of bankruptcies, if any. More importantly the applications you have made in the past years, repayment history and details of any defaults.

Credit score is a numerical representation of a creditworthiness based on your credit report.

  • Excellent credit
  • Good credit
  • Fair credit
  • Bad credit
  • No credit

What is a credit score?

A credit score is a 3 digit number representing your credit report. Scale of a credit is usually from 300 to 850. The higher number, the bigger chances you have for approval of a better loan, with lower interest rate and more flexible terms. There are different types of credit scores and they are calculated differently by every credit report agency.

Your credit score depends on several factors such as:

  • Credit history
  • Payment history
  • Your personal information
  • Type of credit providers
  • Utilisation ration 30% or less
 
House of Banks, need money now, I have no money, its my money and I need it now, cash now, I need money, I need money desperately, need money, need 2000 dollars fast, it`s my money and I need it now, get free money right now, I need money today, I need money now, loan near me

Credit cards vs debit cards

Credit card

  • Paying with credit card is like borrowing money
  • You can spend up to your credit limit which varies
  • It helps you get purchase protection
  • It helps you build a good credit score
  • You have the option to maximise rewards
  • Credit cards offer lots of rewards and benefits
  • Zero liability if you notify your bank or provider within their specific timeframe

Debit card

  • Paying with debit card is like spending cash 
  • You can only spend the amount that you have in your account
  • It helps you avoid debt
  • Track daily spending 
  • Budget with cash
  • Debit cards usually don’t offer any rewards
  • Debit card may have limited liability if not reported immediately 

Different types of credit cards

Different cards have different advantages, it is about choosing the card, that has the right benefits for you. Just consider several factors, when choosing a credit card. There are advantages and disadvantages, for each of the cards. Below, are the most important factors you need to consider, while deciding which one to pick.

  • Annual fee to own the card.
  • Which travel and cancelation insurance is attached
  • The same applies to purchase insurance
  • Consumption limit per. day
  • Consumption limit per. month
  • Bonus schemes (earning airfare, discounts on eating places,
  • etc ..)
  • Security associated with the card
  • Contactless payment

You can, without any problem, own several credit cards from different providers. So if you choose a wrong card, you can easily switch to another. A good advice is to try out one of the credit cards and see if your finances benefit from it or not. Do not forget, that the market you operate in, has a huge influence as well. If you want to check your credit card balance you have several options to do so. 

You can read more about the best credit cards below.

Best credit cards

Travel credit card

There are many types of travel credit cards nowadays. The best one is obviously the one, that suits you the most. Even though, you have very specific needs, there is always a travel card, that fulfils your criteria. Each travel credit card is different with specific benefits. Here are some aspects, usually found within the travel credit cards:

Bonus points

Get 50 000 points if you spend $3 000 on purchases within 3 months from account opening.

Annual fee

Annual fees usually vary from $90 to $500. It can certainly go lower and also higher depending on credit card provider.

APR

Annual percentage rates are usually from 15% to 25%.

Credit score

Requirement for a credit score is usually good or excellent.

Student credit card

Student credit cards are designed for students to either help them cover the college expenses or just help them with their expenses in everyday life. The amount of students taking a student loan is increasing rapidly every year. Here are some aspects, usually found within the student credit cards:

Bonus points

Get 3 000 points if you spend $500 on purchases within 3 months from account opening.

Annual fee

Based on the fact that this type of credit cards are for students, the annual fee is usually $0, whereas they don't have such an income as full time workers.

APR

Annual percentage rates are usually from 15% to 25%.

Credit score

In many cases, credit score is not needed. Otherwise, it´s usually from low to good score depending on the type and amount of benefits, credit card offers.

Business credit card

Business credit card is for a business purposes of entrepreneurs, who seek for a way, how to save money while financing their business. Business credit cards can be super useful and help you save thousands of dollars every year with rewards such as cash back, hotel stays and valuable discounts. You can see some aspects, usually found within the business credit cards below:

Bonus points

Get $500 if you spend $4 000 on purchases within 3 months from account opening.

Annual fee

The annual fee is normally $0. It can go up to $500 if you choose a premium or platinum credit card with lots of benefits.

APR

Annual percentage rates are usually from 13% to 23%.

Credit score

Usually 550+

Rewards credit card

Rewards credit card is exactly what it sounds like. There is plenty of rewards to choose from, such as groceries, gas, gadgets and many more. Below are some aspects, usually found within the rewards credit cards:

Bonus points

Get $500 if you spend $3 000 on purchases within 3 months from account opening.

Annual fee

$0 - $100

APR

Annual percentage rates are usually from 16% to 26%.

Credit score

Good or Excellent

Balance transfer credit card

What is it for? Balance transfer credit card basically helps you, to get rid of your debt. You can easily transfer your high-interest debt with much lower rate (mostly 0% for the first year). It helps you to save hundreds of dollars each year and paying off your debt is suddenly much easier. Some aspects to mention, usually found within the balance transfer credit cards are:

Bonus points

Intro APR - 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months.

Annual fee

Normally $0

APR

Annual percentage rates are usually from 15% to 25%.

Credit score

Good or Excellent

There are many more benefits, which may vary from the provider. Check out different rewards credit cards to find the one that fits your specific criteria. 

All the numbers mentioned above, are the average numbers provided by companies and lenders. All of them can vary might change with time. 

Check out the newest blog posts