shopping for a credit card

General-Purpose Credit Cards

General-purpose credit cards are cards that can be used almost anywhere to pay for almost anything. For example, you can use them to pay for items at department stores or restaurants, for gasoline and medical expenses, and to purchase things online. What other features do these cards often have?

  1. You can use them to get cash advances.

  2. They combine many different expenses on a single bill, which makes for simpler payment.

  3. They're issued by banks and other lending institutions and usually are affiliated with MasterCard, VISA, or Discover.

These statements are ALL true. Be aware: Using a credit card to obtain cash advances involves extra expense, because you're also charged a fee.