Added: 12/13/2005 |
US Credit Cards - System, Application and BenefitsEvery bank can provide you with information concerning credit card application requirements, but it's up to the potential card user to decide which card and issuing agency offers the best benefits. The US credit cards system was originated in the United States and hence it has a more widely distributed network of credit cards as compared to Europe.
It is important to find the best credit card rates available. The best credit card rates are offered by card companies such as American Express, Chase, Discover, Citi, Diners Club, Discover, JCB, MasterCard and VISA. These companies offer benefits like 0% APR (Annual Percentage Rate) for purchases for the first six months, 2% cash back bonus awards, no annual fee, and lower interest rates than other credit card offers.
When searching for the best credit card rates, review such options as redeemable points, online account access and online swindle protection guarantee. Consider cards with rewards programs that offer travel, gift certificates, entertainment, and shopping. The best credit card offers really depends on your lifestyle and current financial situation. There are the following types of credit cards: secured (for people looking to repair their bad credit history), student (designed for university and college student), low interest (for people who want to avoid high interest payments), business (for small and large business), prepaid (works the same as a debit card), rewards (cash back and also redeemable points for merchandise) and airline miles (for people who like to travel).
The most reputable providers offer the following US credit cards that allow you the best online applications. An online application takes minutes and you will be approved by a confirmation email. Upon receiving your new credit card you can begin earning rewards and points or use the card to build up your poor credit rating to a good credit score. It goes without saying that the smarter you are in using your card, making purchases and paying your bills on time, the better off you will be as a consumer in the long run.
The best US credit cards choice is Chase Cash Plus Rewards Visa, Chase Cash Plus Rewards Visa, United Mileage Plus Visa, Chase Platinum, Blue Cash from American Express, and of course Citi Premier Pass and Citi Platinum Select Card.
One of the most widely used cards in the US credit cards system is the Citi line, created by the Citibank. It was founded in 1812 as City Bank of New York. Citibank is now the consumer and corporate banking arm of the financial services giant Citigroup, the largest company of its kind in the world.
In 1894 Citibank became the largest bank in the United States. In 1902 it began expanding internationally and became the first major U.S. bank that established a foreign services department. By 1930 it had had 100 branches in 23 countries outside the United States. The bank changed its name several times to First National City Bank of New York in 1955, then to First National City Bank in 1962, and to Citibank in 1976. Citibank was one of the first U.S. banks to introduce Automatic teller machines in the 1970s to reduce the number of human tellers and give 24-hour access to accounts.
Citibank's operations began in earnest California in 2001. In August of 2004, Citibank entered the Texas market having purchased First American Bank of Bryan, Texas. Nowadays Citibank has affiliated branches in more than 50 countries around the world. More than half of its offices are in the United States, mostly in the New York City, Chicago, Miami, and Washington DC metropolitan areas, as well as in California.
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