This may be unbelievable, but credit cards issuers bomb emails from over two and a half billion card applications saying to for apply credit cards. Some credit card issuers are now specialized in this specific market category; even those who cannot apply for a traditional credit card because of severe credit issues will now get one. According to financial gurus, there are at least a billion credit cards in current circulation in the United States alone.
But why it is done?
For some time now, credit has become an economic backbone. Surveys reveal that it is estimated that the average American household has at least 12 credit accounts, including cards. While you might believe one credit card is pretty much the same as the next one there are different features for each form of the credit card.
You are glad to know the distinction between three different kinds of cards on the market: a banking credit card, a travel credit card, an amusement credit card, and a retirement credit or home card. The Bank of America launched the modern credit card for banks in the 1960s, credit cards for travel and entertainment in the 1950s. Since then, there are several improvements in the features and advantages of each credit card type, but the core characteristics are the same.