The Non Reward Type of Credit Card

These credit cards do not offer you any reward points or bonuses no matter how many times you use their credit cards or how prompt you are when it comes to credit card payments. Instead, this type of credit cards allow you to waive interest charges for a certain period of time or avail of lower interest rates than those offered by reward types of credit cards.

Basically, there are two choices that you're given when it comes to the non reward type of credit card. The first one would be a credit card that offers 0% APR intro rates. When you get yourself this kind of credit card, you'll be able to purchase anything without having to worry about contending with high interest rates. But the 0% APR is only applicable for a certain period of time because it's an introductory offer. Once it's over, the APR will revert to normal.

The second type of non reward credit card is the low interest ongoing APR credit card. Although it's not 0%, the interest rate may be lower than what the new APR would be for a credit card with 0% APR intro rates.