{"id":200,"date":"2021-06-28T18:48:13","date_gmt":"2021-06-29T01:48:13","guid":{"rendered":"https:\/\/www.nerdwallet.com\/ca\/?page_id=200"},"modified":"2023-12-19T06:02:17","modified_gmt":"2023-12-19T14:02:17","slug":"types-of-credit-cards-explained","status":"publish","type":"page","link":"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/types-of-credit-cards-explained","title":{"rendered":"What Are the Different Types of Credit Cards?"},"content":{"rendered":"\n<p>Picking a credit card can be overwhelming. Card perks, interest rates, fees and eligibility criteria vary widely. Begin your search by considering what type of credit card will match your lifestyle and spending habits.<\/p>\n\n\n\t<div class=\"c-block-table-of-contents nw-table-of-contents wp-block-table-of-contents \">\n\t\t<div class=\"c-block-table-of-contents__table-wrapper c-block-table-of-contents--scrollable\">\n\t\t\t<h2 id=\"jump-to\"  class=\"c-block-table-of-contents__title\">JUMP TO<\/h2>\n\t\t\t<ul class=\"c-block-table-of-contents__links\">\n\t\t\t\t\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#types\">Types of credit cards at a glance<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#nofee\">No-fee credit cards<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#rewards\">Rewards credit cards<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#lowinterest\">Low-interest credit cards<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#business\">Business credit cards<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#nocredit\">Credit cards for low or no credit<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#student\">Student credit cards<\/a><\/li>\n\n\n\n<li class=\"wp-block-nerdwallet-blocks-table-of-content-item c-block-table-of-contents__link\"><a href=\"#metal\">Metal credit cards<\/a><\/li>\n\n\t\t\t<\/ul>\n\t\t\t<div class=\"c-block-table-of-contents__show-more--wrapper\">\n\t\t\t\t<span class=\"c-block-table-of-contents__show-more\">\n\t\t\t\t\t<label class=\"show-more-label\" for=\"c-block-table-of-contents__show-more\">Show more<\/label>\n\t\t\t\t\t<label class=\"hide-more-label\" for=\"c-block-table-of-contents__show-more\">Show less<\/label>\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"types\">Types of credit cards at a glance<\/h2>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-260\" class=\"tablepress tablepress-id-260 slimtable\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\"><strong>Card type<\/strong><\/th><th class=\"column-2\"><strong>Details<\/strong><\/th><th class=\"column-3\"><strong>Best for<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><strong>No-fee credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>No annual fees.<\/li> <br \/>\n<li>Fewer perks.<\/li><ul><\/td><td class=\"column-3\">Anyone who doesn't want to pay a fee to carry a credit card.<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\"><strong>Rewards credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Earn rewards.<\/li><ul><\/td><td class=\"column-3\">People interested in earning rewards points for things like merchandise, gift cards and more.<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\"><strong>Travel credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Offer rewards for travel spending and redemption.<\/li> <br \/>\n<li>Travel perks.<\/li><br \/>\n<li>Travel insurance.<\/li><ul><\/td><td class=\"column-3\">Those seeking travel perks and insurance.<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\"><strong>Cash-back credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Offer cash-back rewards for everyday spending.<\/li> <br \/>\n<li>Cash-back rates may vary by spending categories.<\/li><ul><\/td><td class=\"column-3\">Anyone who wants to earn cash-back rewards.<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\"><strong>Low-interest credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Lower interest rates.<\/li> <br \/>\n<li>Low or no annual fees.<\/li><br \/>\n<li>Fewer perks.<\/li><ul><\/td><td class=\"column-3\">Those who typically carry a balance on their credit card.<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\"><strong>Business credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Higher credit limits.<\/li> <br \/>\n<li>Business-oriented benefits.<\/li><br \/>\n<li>Employee cards.<\/li><ul><\/td><td class=\"column-3\">Business owners.<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\"><strong>Balance transfer credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Low interest rates on balances transferred from other credit cards.<\/li><ul><\/td><td class=\"column-3\">Those paying down credit card debt.<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\"><strong>Prepaid credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Funds are loaded onto the cards and spent.<\/li> <br \/>\n<li>Don't build credit.<\/li><ul><\/td><td class=\"column-3\">Anyone with low or no credit.<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\"><strong>Secured credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Require a cash security deposit.<\/li> <br \/>\n<li>Build credit.<\/li><ul><\/td><td class=\"column-3\">Anyone with low or no credit trying to raise their credit score.<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\"><strong>Student credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Entry-level cards with relaxed credit score requirements.<\/li> <br \/>\n<li>May earn rewards.<\/li><ul><\/td><td class=\"column-3\">Students.<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\"><strong>Metal credit cards<\/strong><\/td><td class=\"column-2\"><ul><li>Premium benefits.<\/li> <br \/>\n<li>High annual fees.<\/li><br \/>\n<li>Steep income requirements.<\/li><ul><\/td><td class=\"column-3\">Those willing to pay for luxurious card perks.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h2 id=\"7-types-of-credit-cards\"  class=\"wp-block-heading\">7 types of credit cards<\/h2>\n\n\n\n<p>Broadly speaking, credit cards fall into seven major categories.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"nofee\">1. No-fee credit cards<\/h3>\n\n\n\n<p>If you\u2019d prefer not to pay to be a cardholder, consider a <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-no-fee-credit-cards\">no-fee credit card<\/a>. As the name suggests, these credit cards do not charge an annual fee.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-261\" class=\"tablepress tablepress-id-261\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>No annual fee, so owning one of these cards is free.<\/li> <br \/>\n<li>May be easier to qualify for than credit cards with annual fees.<\/li><br \/>\n<li>May offer some perks and benefits.<\/li><ul><\/td><td class=\"column-2\"><ul><li>Fewer rewards than credit cards with annual fees.<\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-no-fee-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a no-fee credit card right for me?<\/h4>\n\n\n\n<p>A no-fee credit card is ideal for those who don\u2019t want to pay an annual fee to have a credit card. A no-fee card may still offer rewards and insurance, but at a more modest level than a credit card you pay to carry. A card with an <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/credit-card-annual-fee-worth-it\">annual fee may be worthwhile<\/a> if you earn more in rewards than you spend to have the card.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"rewards\">2. Rewards credit cards<\/h3>\n\n\n\n<p>Rewards cards are one of the most common types of credit cards. <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-general-rewards-credit-cards\">General rewards cards<\/a> earn points that can be redeemed for free or discounted experiences, retail items and more. Sometimes these cards are linked to specific stores, so you can only redeem your rewards at that retailer. Popular Canadian rewards programs include American Express Membership Rewards points, PC Optimum points and <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/scotiabanks-scene-rewards\">Scene+ points<\/a>.&nbsp;<\/p>\n\n\n\n<p>Travel and cash-back cards both fall into the rewards credit card category.<\/p>\n\n\n\n<h4 id=\"travel-credit-cards\"  class=\"wp-block-heading\">Travel credit cards<\/h4>\n\n\n\n<p><a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-travel-credit-cards\">Travel credit cards<\/a> reward travel spending and let you redeem points for flights, hotel stays \u2014 even vacation packages. Two popular travel rewards programs in Canada are <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-do-air-miles-work\">Air Miles<\/a> and <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/aeroplan-rewards\">Aeroplan<\/a>.&nbsp;<\/p>\n\n\n\n<h4 id=\"cash-back-credit-cards\"  class=\"wp-block-heading\">Cash-back credit cards<\/h4>\n\n\n\n<p><a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-cash-back-credit-cards\">Cash-back cards<\/a> offer a percentage of your purchases as \u201ccash,\u201d which is usually applied as a statement credit.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-262\" class=\"tablepress tablepress-id-262\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>You earn rewards in return for spending.<\/li> <br \/>\n<li>Points can be redeemed for a wide variety of rewards.<\/li><br \/>\n<li>These cards often offer additional perks and benefits.<\/li><ul><\/td><td class=\"column-2\"><ul><li>Rewards can expire or be forfeited for improper credit card use.<\/li> <br \/>\n<li>Some cards have earning caps on rewards.<\/li><br \/>\n<li>Most programs have minimum redemption amounts.<\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-rewards-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a rewards credit card right for me?<\/h4>\n\n\n\n<p>A rewards credit card is ideal for anyone interested in earning rewards points, miles or cash back. To compare your options, consider how rewards are earned. <\/p>\n\n\n\n<p>Some rewards cards offer higher earn rates for groceries, while others will prioritize travel-related spending. Choose a rewards card that offers higher rewards for categories that match your spending habits.<\/p>\n\n\n\n<p>Also, consider your lifestyle and the type of reward that will benefit you most \u2014 if you rarely stay in hotels, a hotel rewards card may not be the best fit. And consider the annual fee. A higher annual fee may mean better perks, but it\u2019s only worth paying if you use the perks extensively.<\/p>\n\n\n<div class=\"c-block-house-ad wp-block-nerdwallet-blocks-house-ad\">\n\n\t\n\t<div class=\"c-block-house-ad__wrapper\">\n\t\t<div class=\"c-block-house-ad__inner\">\n\t\t\t<div class=\"c-house-ad__content-wrapper c-house-ad__content-wrapper__no-image\">\n\t\t\t\t\n\t\t\t\t<h4 id=\"best-credit-cards-in-canada\"  class=\"c-block-house-ad__title\">Best Credit Cards in Canada<\/h4>\n\t\t\t\t\t\t\t\t\t<p class=\"c-block-house-ad__content\">\n\t\t\t\t\t\tCompare all different credit cards side-by-side and find out the best card that will meet your need with special perks and benefits\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t<div class=\"c-block-house-ad__cta wp-block-button\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-credit-cards-in-canada\" target=\"_self\" class=\"c-block-house-ad__cta-button nw-cta track-click-mon wp-block-button__link wp-element-button\" data-placement=\"Promotional banner\">Explore Now<\/a><\/div>\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<div class=\"c-block-house-ad__image-wrapper\">\n\t\t\t\t\t<div class=\"c-block-house-ad__image\">\n\t\t\t\t\t\t<img decoding=\"async\" class=\"c-block-house-ad__icon-img\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/nerdwallet-canada_credit-cards-illustration-v2-e1648688043541.png\" alt=\"Ad Icon\" style=\"max-width: 200px; max-height: 200px;\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"lowinterest\">3. Low-interest credit cards<\/h3>\n\n\n\n<p>Many Canadian credit cards have an <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-credit-card-interest-rates-work-in-canada\">interest rate<\/a> of 19.99% \u2014 but not all. Some <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-low-interest-credit-cards\">low-interest credit cards<\/a> offer rates closer to 10%. These cards are ideal for individuals who struggle to pay off their entire bill each month since the balance won\u2019t grow as quickly as it would on a card with a higher interest rate.<\/p>\n\n\n\n<h4 id=\"balance-transfer-credit-card\"  class=\"wp-block-heading\">Balance transfer credit card<\/h4>\n\n\n\n<p>Some low-interest credit cards have balance transfer promotions. These promotions offer discounted rates on balances transferred from another credit card, sometimes as low as 0%. But the rock-bottom rates of a <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-balance-transfer-credit-cards-in-canada\">balance transfer credit card<\/a> don\u2019t last forever \u2014 the card\u2019s interest reverts to a higher rate once the promotional period is over.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-263\" class=\"tablepress tablepress-id-263\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>Lower interest rates reduce owed interest.<\/li> <br \/>\n<li>Some cards offer balance transfer promotions, which can help you pay down debt from a higher-interest card.<\/li><ul><\/td><td class=\"column-2\"><ul><li>Some cards may charge a balance transfer fee, usually a percentage of the balance.<\/li> <br \/>\n<li>Promotional rates on balance transfers don\u2019t last indefinitely.<\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-low-interest-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a low-interest credit card right for me?&nbsp;<\/h4>\n\n\n\n<p>A low-interest credit card is ideal for anyone who regularly carries a balance on their credit card. Balance-transfer cards may be practical for someone struggling to pay down credit card debt.<\/p>\n\n\n\n<p>If you\u2019re considering a balance-transfer credit card, read the fine print. Familiarize yourself with the offer details, including the length of the promotional interest rate and any fees that may apply to <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-transfer-a-credit-card-balance\">balance transfers<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"business\">4. Business credit cards<\/h3>\n\n\n\n<p>Business credit cards offer features, benefits and insurance specifically designed for companies and entrepreneurs. Higher credit limits are common with business cards. Insurance coverage may include protection from employee card misuse. And rewards programs often offer accelerated earn rates for business spending.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-264\" class=\"tablepress tablepress-id-264\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>Higher credit limit.<\/li> <br \/>\n<li>Rewards business spending.<\/li><br \/>\n<li>Helps separate personal and business expenses. <\/li><br \/>\n<li>Fees and interest that may be tax deductible.<\/li><ul><\/td><td class=\"column-2\"><ul><li>May impact your personal credit.<\/li> <br \/>\n<li>A more expensive lending option compared to business loans or lines of credit. <\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-business-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a business credit card right for me?<\/h4>\n\n\n\n<p>A <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-business-credit-cards#beginners-guide-to-business-credit-cards\">business credit card<\/a> may benefit any merchant or entrepreneur who wants a credit card with business-oriented features. These credit cards often reward business spending and may even offer tools to help you track and organize business finances. The downside? Business credit cards can potentially affect your personal credit score, so weigh your options before applying and explore employee card misuse insurance if you plan to give supplementary cards to your staff.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"nocredit\">5. Credit cards for low or no credit&nbsp;<\/h3>\n\n\n\n<p>People with a low credit score or no credit history may want to explore their secured and prepaid credit card options.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-secured-credit-cards\">Secured credit cards<\/a> require a refundable deposit that the lender will claim if you stop making payments. The amount you deposit becomes your credit limit. Secured cards tend to be easier to qualify for than traditional, unsecured cards. When used responsibly, a secured card may help you <a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/get-a-better-credit-score\">build or rehabilitate your credit<\/a>.<\/p>\n\n\n\n<p>A <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-prepaid-credit-card\">prepaid credit card<\/a> works like a debit card: funds deposited onto the card become your spending limit. Prepaid cards don\u2019t impact your credit and don\u2019t charge interest, since you\u2019re not actually borrowing any money. You can usually add more funds to a prepaid card through an app, online money transfer, e-Transfer or in-store.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-265\" class=\"tablepress tablepress-id-265\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>Easier to qualify for than traditional credit cards.<\/li> <br \/>\n<li>Secured cards may help you improve your credit score.<\/li><ul><\/td><td class=\"column-2\"><ul><li>Require a cash deposit.<\/li> <br \/>\n<li>Fewer perks.<\/li><br \/>\n<li>Less insurance coverage.<\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-prepaid-or-secured-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a prepaid or secured credit card right for me?<\/h4>\n\n\n\n<p>A prepaid or secured credit card is best suited to someone with a low credit score or no credit history. These cards are designed to offer accessible credit options to those building or rehabilitating their credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"student\">6. Student credit cards<\/h3>\n\n\n\n<p>Numerous banks and credit unions offer <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-student-credit-cards#best-credit-cards-specifically-made-for-students\">student credit cards<\/a>. These cards typically offer low fees alongside perks like cash back on everyday spending and car rental discounts.<\/p>\n\n\n\n<p>Despite the name, you don\u2019t necessarily need to be in school to qualify for a student credit card. Student cards are generally designed for people of a specific financial profile \u2014 one that may be more common for students but could apply to anyone, regardless of age or occupation.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-266\" class=\"tablepress tablepress-id-266\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>Low fees are common.<\/li> <br \/>\n<li>They build credit when used responsibly.<\/li><br \/>\n<li>Some cards may offer rewards.<\/li><ul><\/td><td class=\"column-2\"><ul><li>Eligibility may be restricted to students.<\/li> <br \/>\n<li>They have potentially lower credit limits.<\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-student-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a student credit card right for me?<\/h4>\n\n\n\n<p>A student credit card may be practical for someone seeking an accessible credit option with a low or no annual fee. Student cards often have more lenient eligibility criteria, making them suitable for people with lower credit scores or no credit history, even if those people might not necessarily be students.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"metal\">7. Metal credit cards<\/h3>\n\n\n\n<p>Metal credit cards are typically made of titanium or stainless steel. But their composition isn\u2019t the only feature that sets them apart.&nbsp;<\/p>\n\n\n\n<p>Metal credit cards often boast premium perks, like airport lounge access, strong earn rates for rewards, hotel upgrades, robust insurance coverage and more. The catch? High annual fees and restrictive eligibility criteria.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-267\" class=\"tablepress tablepress-id-267\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Pros<\/th><th class=\"column-2\">Cons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><ul><li>Luxurious perks.<\/li> <br \/>\n<li>Visually striking.<\/li><ul><\/td><td class=\"column-2\"><ul><li>Steep annual fees.<\/li> <br \/>\n<li>Stricter eligibility criteria.<\/li><ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n\n\n\n<h4 id=\"is-a-metal-credit-card-right-for-me\"  class=\"wp-block-heading\">Is a metal credit card right for me?<\/h4>\n\n\n\n<p>If you\u2019re willing to pay for above-average card perks \u2014 sure. A <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/best-metal-credit-cards\">metal credit card<\/a> may be worth considering for anyone who doesn\u2019t mind paying a high annual fee in exchange for deluxe benefits and insurance. Ensure you\u2019re familiar with the eligibility criteria before applying, as many metal credit cards have strict annual income and credit score requirements.&nbsp;<\/p>\n\n\n\n<h2 id=\"how-do-i-choose-the-best-credit-card-for-me\"  class=\"wp-block-heading\">How do I choose the best credit card for me?<\/h2>\n\n\n\n<p>When comparing credit cards, consider these factors:<\/p>\n\n\n\n<ul>\n<li><strong>Lifestyle<\/strong>. What type of credit card will benefit you the most?<\/li>\n\n\n\n<li><strong>Eligibility<\/strong>. Review any eligibility criteria before you apply. Make sure your credit score and annual income match the card\u2019s requirements.<\/li>\n\n\n\n<li><strong>Fees<\/strong>. A card with an annual fee may only be worthwhile if the rewards and insurance offset the cost of the card.<\/li>\n<\/ul>\n\n\n\n<p>As you consider your credit card options, remember that you can upgrade or <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-get-a-credit-card\">apply for a new credit card<\/a> at a later date if your circumstances change.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-faq c-block-faq\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><div class=\"c-block-faq__wrapper\"><div class=\"c-block-faq__header\"><h2 id=\"frequently-asked-questions-about-types-of-credit-cards\"  class=\"c-block-faq__title\">Frequently asked questions about types of credit cards<\/h2><\/div><div class=\"c-block-faq__section-list\">\n<div class=\"wp-block-nerdwallet-blocks-faq-section\"><div class=\"c-block-faq-section c-block-accordion-wrapper\"><div class=\"c-block-accordion-list\">\n<div class=\"c-block-faq-item c-block-accordion-item c-block-accordion-item--active\" itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"c-block-accordion-item__header\"><div class=\"c-block-accordion-item__title\" itemprop=\"name\">What is a good credit score?<\/div><\/div><div class=\"c-block-accordion-item__content\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div class=\"wp-block-nerdwallet-blocks-faq-item\" itemprop=\"text\">\n<p>Generally, a <a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/what-is-a-good-credit-score\">good credit score<\/a> is a score of 660 and above.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-block-faq-item c-block-accordion-item c-block-accordion-item--active\" itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"c-block-accordion-item__header\"><div class=\"c-block-accordion-item__title\" itemprop=\"name\">How many credit cards should you have?<\/div><\/div><div class=\"c-block-accordion-item__content\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div class=\"wp-block-nerdwallet-blocks-faq-item\" itemprop=\"text\">\n<p>Your ideal number of credit cards will depend on your lifestyle, finances and spending habits. Having <a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-many-credit-cards-should-i-have\">numerous credit cards<\/a> may help you take advantage of multiple rewards programs but could put you at risk of overspending or accumulating credit card debt.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"nwb-authors nwb-authors__footer wp-block-nerdwallet-blocks-authors-card\">\n\t<div class=\"nwb-authors__wrapper\">\n\t\t<h4 id=\"about-the-authors\"  class=\"nwb-authors__title\">\n\t\t\tAbout the Authors\t\t<\/h4>\n\n\t\t\t\t\t<div class=\"nwb-authors__content\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/shannon-terrell\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tclass=\"nwb-authors__image\"\n\t\t\t\t\t\t\tsrc=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/Shannon-Terrell-headshot-100x100.png\"\n\t\t\t\t\t\t\twidth=\"120\" height=\"120\"\n\t\t\t\t\t\t\talt=\"Shannon Terrell photo\"\n\t\t\t\t\t\t\/>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t<div>\n\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/shannon-terrell\">\n\t\t\t\t\t\t<strong>Shannon Terrell<\/strong>\n\t\t\t\t\t<\/a>\n\n\t\t\t\t\t<div class=\"nwb-authors__bio\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Shannon Terrell is a lead writer and spokesperson for NerdWallet, where she writes about credit cards and personal finance. Previously, she was a writer, editor and video host for financial&hellip;<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/shannon-terrell\" title=\"Read more about Shannon Terrell\">\n\t\t\t\t\t\t\t<span>Read more about Shannon Terrell and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"nwb-authors__content\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tclass=\"nwb-authors__image\"\n\t\t\t\t\t\t\tsrc=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-100x100.jpg\"\n\t\t\t\t\t\t\twidth=\"120\" height=\"120\"\n\t\t\t\t\t\t\talt=\"Hannah Logan photo\"\n\t\t\t\t\t\t\/>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t<div>\n\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\">\n\t\t\t\t\t\t<strong>Hannah Logan<\/strong>\n\t\t\t\t\t<\/a>\n\n\t\t\t\t\t<div class=\"nwb-authors__bio\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Hannah Logan is a freelance writer and blogger who specializes in personal finance and travel. You can follow her personal travel blog EatSleepBreatheTravel.com or find her on Instagram @hannahlogan21.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" title=\"Read more about Hannah Logan\">\n\t\t\t\t\t\t\t<span>Read more about Hannah Logan and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>\n\n\n\n\t<section class=\"c-block-card-grid container\"\n\t\t\t>\n\t\t\t\t\t<h4 id=\"dive-even-deeper\"  class=\"c-block-card-grid__title\">\n\t\t\t\tDIVE EVEN DEEPER\t\t\t<\/h4>\n\t\t\n\t\t<div class=\"c-block-card-grid-scroll column-four\">\n\t\t\t<div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-189\" class=\"c-block-card post-189 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-credit-card-basics-and-advice cluster-applying-for-credit-card\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-get-a-credit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"191\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/GettyImages-1217031480-e1624921223883-460x191.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How to Apply for a Credit Card in Canada: A Complete Guide\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 id=\"how-to-apply-for-a-credit-card-in-canada-a-complete-guide\"  class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-get-a-credit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow to Apply for a Credit Card in Canada: A Complete Guide\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>When applying for a credit card, issuers typically consider your age, income and credit score. Check out our guide on how to get a credit card before you start the process. <\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/georgia-rose\" class=\"author url fn\" rel=\"author\"><img alt='Georgia Rose profile photo' decoding=\"async\" src='https:\/\/secure.gravatar.com\/avatar\/6b9e515bc45988c863ac8ac39e7bdd34?s=32&#038;d=mm&#038;r=g' class='avatar avatar-32 photo' height='32' width='32' \/>Georgia Rose<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/barry-choi\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/BarryChoi-e1626212860872-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Barry Choi<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-189 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-290\" class=\"c-block-card post-290 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-credit-card-basics-and-advice cluster-understand-credit-cards\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/wait-between-credit-card-applications\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"191\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/GettyImages-696580252-e1624924140350-460x191.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How Long Should I Wait Between Credit Card Applications?\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 id=\"how-long-should-i-wait-between-credit-card-applications\"  class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/wait-between-credit-card-applications\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow Long Should I Wait Between Credit Card Applications?\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Waiting about six months between applications is a good rule of thumb and can increase your chances of approval.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/kimberly-palmer\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Kimberly-Palmer-40x40.jpeg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Kimberly Palmer<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/lindsay-konsko\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Lindsay-Konsko-40x40.jpeg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Lindsay Konsko<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-290 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-230\" class=\"c-block-card post-230 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-credit-card-basics-and-advice cluster-closing-credit-cards\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-cancel-a-credit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"192\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/GettyImages-826319704-e1625163475318-460x192.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How to Cancel a Credit Card\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 id=\"how-to-cancel-a-credit-card\"  class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-cancel-a-credit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow to Cancel a Credit Card\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>To cancel your credit card with minimal impact to your credit score, follow these step-by-step instructions.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/georgia-rose\" class=\"author url fn\" rel=\"author\"><img alt='Georgia Rose profile photo' decoding=\"async\" src='https:\/\/secure.gravatar.com\/avatar\/6b9e515bc45988c863ac8ac39e7bdd34?s=32&#038;d=mm&#038;r=g' class='avatar avatar-32 photo' height='32' width='32' \/>Georgia Rose<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Hannah Logan<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-230 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-194\" class=\"c-block-card post-194 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-credit-card-basics-and-advice cluster-understand-credit-cards\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-choose-the-best-credit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"192\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/GettyImages-1187342834-e1624921271854-460x192.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How to Choose the Best Credit Card For You\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 id=\"how-to-choose-the-best-credit-card-for-you\"  class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/how-to-choose-the-best-credit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow to Choose the Best Credit Card For You\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Identify the right credit card for your needs by considering your income, credit score and how you\u2019re likely to use the card.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/georgia-rose\" class=\"author url fn\" rel=\"author\"><img alt='Georgia Rose profile photo' decoding=\"async\" src='https:\/\/secure.gravatar.com\/avatar\/6b9e515bc45988c863ac8ac39e7bdd34?s=32&#038;d=mm&#038;r=g' class='avatar avatar-32 photo' height='32' width='32' \/>Georgia Rose<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/barry-choi\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/BarryChoi-e1626212860872-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Barry Choi<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-194 -->\n<\/div>\t\t<\/div>\n\t<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>There are many types of credit cards on the market. Choose the right card for your finances by understanding how features and fees may vary.<\/p>\n","protected":false},"author":4,"featured_media":201,"parent":102,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/article-sidebar.php","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":"[]","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","_nw_pros_cons_block_schema":""},"content-classification":[14],"topic":[89],"cluster":[124],"pp_author":[86,22],"acf":[],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Types of Credit Cards You Should Know - NerdWallet Canada<\/title>\n<meta name=\"description\" content=\"Different types of credit cards come with different requirements, perks, benefits, and fees. Common types include no-fee, rewards, and low-interest cards.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nerdwallet.com\/ca\/credit-cards\/types-of-credit-cards-explained\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Types of Credit Cards You Should Know - NerdWallet Canada\" \/>\n<meta property=\"og:description\" content=\"Different types of credit cards come with different requirements, perks, benefits, and fees. 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