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There are different types of credit cards because there are different types of people. And, one person may not need the type of credit card that another person does. For example, someone who owns his own business may need a “dedicated” credit card; that is, one that is used only for business purposes. No personal charges are put on this card.
There are actually credit cards that are considered business credit cards. An example of a business credit card is the “Ink Plus” card offered by Chase Financial Services. Because it is considered a business credit card, the cardholder can earn more points than might be otherwise rewarded for using a personal credit card. These points can be used for travel privileges or, in some cases, redeemed for credit on the monthly statement.
This same person, however, may want a personal credit card for family and personal expenses. So, he may choose another credit card from Chase Financial Services, such as the Chase Sapphire Preferred Card, which can be used as either a business or a personal credit card, so that the cards come from the same financial company. Or, he may choose a Visa or MasterCard for his personal use.