A standard credit card is simply defined as a credit card that has no affinity program, rewards program or other specialty designation attached to it. This is a basic, no frills credit card that doesn’t offer any perks. So, with all of the choices out there, why would you choose this type of credit card over a card that can get you a free airline ticket, free movie passes, or a discount at your local car dealership? Because standard credit cards will sometimes have a better interest rate or more lax qualifying criteria, making them generally more accessible to customers, while also providing some decent features. Find some of these basic products in the list below.
|Intro APR||Intro Period||Regular APR|
|1.99% on transfers; 0% or 7.5% on purchases||12 billing cycles on transfers; 12 months on purchases||7.50%, 9.50%, or 11.50%|
|Annual Fee||Balance Transfers||Credit Needed|
A standard credit card is a simple basic card that does not have a specialty designation attached to it. There's nothing special about it -- for instance, it's not a gas, travel or general rewards card. It’s not affiliated with specific retailers or charitable organizations. So now that you know what a standard credit card is not, here’s what a credit card without the bells and whistles normally gives you.
So, what makes a standard credit card a better choice than other credit cards in the marketplace today? It’s their no-nonsense approach to managing credit. These cards offer a great value for their convenience and are accessible to a greater population than many other credit card products, thanks to a more liberal lending policy. Standard credit cards are an extremely sound financial “next step” for individuals who are just starting out and have established a good payment history, or who have had bad credit in the past and are now graduating to unsecured credit card products.