There are numerous types of credit cards and choosing the right one usually depends on a person’s income, credit rating, credit history, and many other factors. However credit cards can be broadly categorized into five basic types according to their nature and functions. It is important to become familiar with the various types of credit cards before you apply for one or even if you want to switch from one card to another.
An affinity card is a program that allows an organization or a company to offer special credit cards that is usable only in that company or organization. This means that any frequent customer who has an affinity for the product of that particular organizations product will get this card from the company.
