Full Templates
This is the type used by vBulletin's default templates and is accessible in self-hosted (download) copies of the software. Full Templates have full access to all of vBulletin's Markup. Full Templates are not accessible on vBulletin Cloud.
Limited Templates
Introduced in vBulletin 6.0.5, Limited Templates allow access to a small subsection of vBulletin Markup Tags and Shortcodes (curly tags). The following tags are available:
vBulletin Cloud users can create custom limited templates to use in conjunction with Template Hooks.
Text Only Templates
Text Only Templates do not allow or parse any vBulletin Markup. They can be used for HTML, Javascript, and CSS only.