Most people today are living paycheck to paycheck and do not always have enough money to get them through the day. But consumerism being the call of the day we all enjoying spending extravagantly. Enter the requirement to better your financial situation by borrowing from friends or apply for a consumer credit card.

A lot of us lack basic financial intelligence and discipline where our money is concerned. Most of us use credit cards today. It is a most helpful concept in this age of online transactions and electronic payments. You can avoid carrying large sums of cash and in case of emergencies, putting down payments on a new/used car etc. Your monthly payments depend on the amount you spend.

 A credit card is only bad when you over step your spending boundaries. If your expenditure begins to exceed your income its only obvious that you are digging yourself a hole!

Now, Home equity line of credit is another form of credit akin to the business line of credit. This type of credit is used against the equity of your home. Homeowners use a home equity line of credit for paying off debt, emergencies, paying for education etc. Since the loan is guaranteed by the equity of your home it usually has low introductory rates and negotiable fixed interest rates. Since the loan is secured by your home you can have the interest deducted.

Some lenders may want to look at your income, credit history, debts, and other financial obligations to determine your credit limit and how much you may actually be able to repay. But if you shop around a bit with the help of mortgage brokers and lenders you can find the best deal for yourself.

In conclusion, the amount you can qualify for on a credit card is going to be determined by your income and credit history whereas with a home equity line of credit the amount you can qualify for is determined by the value of your home.

The HELOC is nearly worth the price of your home. With a credit card you build up credit that you may qualify to purchase a home, new car etc. With a HELOC it is possible for you to have your interest deducted.
Now after a little customized research, the choice is yours!

Citibank has one of the widest range of credit cards out there. There won’t be a category where you will not find atleast 1 citicard… most of the time there are multiple citicards in each category for a user to choose from.

Some of the more popular citicards out there are the citi business card, which is on of the more popular small business credit cards and the Citi Diamond Preferred Card that offers you tons of rewards points.

Citi has launched a new range of credit cards with American Express. According to Citi, these AmEx cards will offer consumers Citibank premium benefits and customer service through cards that are accepted wherever American Express is welcome. Plus, many of the new Citi American Express Cards reward cardmembers for doing what they already do, like making purchases at grocery and drug stores, or putting gas in the car.
The initial offerings include -

• Citi Platinum American Express Card
• Citi Dividend American Express Card
• Citi / AAdvantage American Express Card
• Citi Diamond Preferred Rewards American Express Card