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Conforming
Credit Cards
These are the big boys you see on TV offering rates that are unfathomably low.
Usually these low come-on rates expire after a set time (usually 6 months to a year) and then go up based on the Prime Rate.
Citicorp, Capitol One, American Express and Discover are high profile examples of conforming credit cards and while you
may see thousands of unique cards on the market most are actually funded by a few credit card giants. There
credit standards are usually higher than other types of loans including auto and mortgage loans because this is
personal credit - they are lending on your promise-to-pay rather than any seizable asset. Some
cards are available to those with poor credit but they usually incur ridiculous fees and are more intended to bilk you than
extend you credit.
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DIFFERENT TYPES OF CREDIT CARDS
Easy To Get Credit Cards
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