CELEBZ NET WORTH
Credit cards play a vital role in building credit scores and creditworthiness. In addition, it earns you redeemable points, cashback, or miles.
Various products are available based on consumer types, credit history, reward structure, card network, and many other features.
Secured credit cards work like debit cards, where your credit limit depends on your security deposit. The security deposit acts as collateral for the credit.
The credit card issuer determines the amount of cashback and qualifying purchases. Depending on the card, a general cashback ranges from 1% to 2%.
Besides regular cashback, miles, or points, they’ll have additional perks on purchases at the co-branded merchants.
Travel credit cards offer points or miles for all eligible purchases. The accumulated miles or points can offset travel-related expenses through a statement credit.