Low Rate Credit Cards - Which types of Credit Card are best

There are lots of Credit Card types and different Credit Cards to choose from. We try and help you to find which credit card is most suited to you, sure you can just choose a card - but which credit card can you get more out of? Our credit card comparison of low rate credit cards can help you choose the best type of credit card

There are very few differences between Mastercard and Visa. These are the companies who provide credit cards that you can use throughout the world. Each credit card provider typically offers standard and premium cards such as gold and platinum. Standard credit cards are available to anyone over the age of 18 who fits the criteria. With most types of credit card you can settle the amount owing in full and without interest (on purchases) within a given period of time, or pay off a portion of the outstanding amount and carry the remaining balance forward with interest. Premium cards offer lower interest rates but are only available to those on higher incomes and may involve charges.

When you sign up to an affinity credit card, a certain amount will be donated to the organisation, and then a nominal amount for every transaction you make thereafter. Store cards are similar to credit cards, but are only valid for use in the shop they are affiliated with. They will usually give you a discount on your first purchase, but typically have high interest rates of around 30%, which make them an expensive form of borrowing. Charge cards are similar to credit cards and allow you to buy products on a period of interest free credit. However, the balance must be paid in full each month.

As credit card companies have sought out more and more ways to get new customers on their books, so Charities have found a new way to raise money with very little effort from either the charity or the generous donors.

Credit Card companies are now issuing credit cards on behalf of charities which provide an excellent source of funding for cash strapped charities, so if your a regular donor to a charity and would like to give a little extra but can't afford it then a charity credit card could be the answer.

All you have to do is take out a charity credit card. Each charity has a different deal with the credit card companies but generally, for every person who takes out a charity card, they will receive a donation from that credit card company. Great - an instant donation for using something we would all have anyway. They can also earn more money the more you use the card and the longer you keep the card for with additional payments each year you have the card and a fixed percentage returned every time you spend on the card.

If your fed up of taking home small cashback payments or reward points you never use why not give something back and get a credit card from your favourite charity?

Gold credit cards are offered by many of the UK's leading banks. Once the preserve of the very rich (or the very indebted) they are now offered to more and more customers - often as nothing more than a marketing gimmick.

Indeed the rates offered on gold cards are no different to companies standard credit cards. And while some gold cards are competitively priced they can can often been beaten for rates by many of the "normal" credit cards on the market.

However, in some cases a gold card can make a great deal of sense, especially if you hanker for that extra bit of exclusivity when you pull your credit card from your wallet. There are generally more restrictions on gold cards usuallly dictated by personal income. A ball park figure of around Â£20,000 per annum income is required on many gold credit cards. We have listed some of the best gold card offers below.

Cashback cards give you back a percentage of your spending. You usually receive this at the end of the year, so handy if youâ€™ve splurged at Christmas. AirMiles cards work in a similar way by rewarding your spending with points towards free flights.