The guitar you linked is a copy of Fender's Telecaster, which happens to be regarded as an extremely versatile instrument, not a bad punk choice either (Stooges, for example). The Teles are known for having a trebley sound, described as twangy, bright, or sometimes honk-y. Most of the classic Led Zeppelin songs were recorded on a Tele, the Stairway solo included.
The"2 sngl 1 humbucking" is a copy of Fender's Stratocaster, with a "humbucking" pickup in the bridge position. If anything, even more versatile than the Telecaster type you linked, capable of more aggressive sounds, but a Strat will require a bit more maintenance than the Tele, due to the bridge construction.
For portability, look at
the Roland MicroCube, which is $125 anywhere, and will run off AC or batteries, and happens to sound great. It is nowhere near loud enough to play with a drummer, but by the time you are contemplating putting a band together, you will be wating to upgrade your equipment anyway. The Roland will be a keeper practice amp anyway, I've played guitar for 17 years, and I bought the Roland because the sound was extraordinary for a tiny amp. I still haven't figured out why I need it though...
There are some decent first time buyer's facts
here, with a couple odd statements, most noticably calling what everyone in the world would describe as an Explorer as a "Rockwell." Otherwise, this will allow you to speak basic guitar.
Finally, unless you know a guitar player, you probably won't save any money on a $100 guitar. Simply speaking, they might well be decent to fine instruments, but they will require work you don't know how to do.
These are pretty clear directions for how to get a guitar ready to play. If you can read through them, and say "oh yeah, I can do that," then you can go to your $99 store, or try rondomusic.com, or eBay. If not, you will have to pay for a setup ($40 or so) or suffer with a bad playing guitar. Then again, if you can make a setup a condition of your buying a guitar at your $99 Store, you are ahead of the game. You may want to install better pickups later on, they are often a weak point in a cheap guitar.
Maybe a better choice is to move into the $200 range, where you can get the Squire, or a used Mexican Fender, used American-made Peavey Predator or Reactor (woefully underrated guitars), used Yamaha Pacifica, many Ibanez choices, some Epiphones, etc. A guitar store should be willing to do a basic setup to get you to buy one of these, and you will have an instrument you can have some confidence in immediately.
Eek! I didn't mean to write a book here!