Again, the difference is in how you use the card. If you have large grocery bills, it could be advantageous for you, but only if you pay the bill off in full each month. Aside from these affinity perks, banks are offering special low rates on balances transferred from one credit card to their credit card. It also has a separate table of credit cards with the lowest rates after the introductory rate expires . Further, banks can set off the charges against funds you deposited in your checking account, turning it into a debit card.
Transaction costs vary widely among the banks.
Some even impose a charge when you deposit a check into your card account. There's nothing wrong with cards that compete purely on the basis of low rates and no fees. They are also essential to those with credit problems, who want to reduce payments and consolidate their debts. But if you plan to give up perks for price, be sure you get what you expect. Cash advances are frequently charged at a higher rate and incur interest from the date you make the transaction.