Credit Card Articles
Benefits of using Debit CardsOctober 6, 2008 - more>>
In this day and age, not all merchant transactions are conducted traditionally--face to face in a store. More and more people are purchasing items through the mail, the phone, and most frequently, through the internet. Cash and Cheques are not readily accepted when trying to purchase items through these non-traditional methods. Consumers are forced to use credit cards to buy their merchandise. However, using credit cards can lead to financial difficulties because some times people buy items on credit when they simply don’t have the cash to pay it off. However, another method of payment is available—the debit card. There are benefits to using a debit card, not only on the internet, but in the store.
Borrowing money - Obtaining and managing creditAugust 28, 2008 - more>>
Almost all of us rely on borrowed money at some point to achieve a financial goal – whether it’s buying clothes or a DVD player with a credit card, or taking out a loan to buy a car, a business, or a house. In fact, without some form of credit, many of life’s bigger purchases would be unattainable. But to make borrowed money work for you rather than against you, it’s important to keep credit under control. This fact sheet outlines the ins and outs of obtaining and managing credit.
Online Credit CardsAugust 26, 2008 - more>>
Applying for credit cards online is a great way to get a new credit card without waiting around in your local bank branch. As shopping on the internet has been gaining popularity amongst shoppers, bank customers can benefit from shopping for there credit cards online when ever they choose.
Online Credit Card Application. Is It Really Safe?August 24, 2008 - more>>
Almost everything can be done on the internet nowadays. Applying for online business credit card is becoming very popular in the world of comparison shopping. It has now become the trend and its use is attracting more and more people to use a search engine to find a card that suits their needs and spending habits.
The first thing that we are going to consider is finding the right online business credit card for you. The internet offer different options from several banks and companies, and you can browse through them at your own time and leisure.
Use Your Business Credit Card To Increase Your SuccessAugust 19, 2008 - more>>
When you are just starting out in business or have decided to expand an existing business, there is usually going to be some debt involved of one kind or another. This is only to be expected and it is covered within your plan. If your business does well then the debt was a small price to pay for the future of your business.
The business credit card is an ideal way to purchase what is necessary to operate a small or new business. It is almost like the line of credit given to larger and more established companies by financial institutions.
Perils Of Repeated Balance TransfersAugust 13, 2008 - more>>
Author:Melissa Kellett
Certain measures where taken by credit card companies in order to discourage repeated balance transfers.
The practice of transferring balances from one credit card to another in order to avoid penalty fees or to take advantage of 0% APR promotional periods is very extended. However, what not everybody knows is that without proper care, this practice can lead to severe problems due to certain credit card contract stipulations that may impede to take advantage of this trick more than once.
The Top Ten Characteristics Of The Best Credit Card For YouAugust 13, 2008 - more>>
Credit cards are fast replacing cash as currency, as they offer convenience on purchases. Large amounts of cash can make you susceptible to robbery. An ATM card, on the other hand, may be useless if there is no ATM close by. Credit cards can allow you to make emergency purchases, buy the things that you want, and pay the debt later.
What is the best credit card for you? Before you scout for a credit card to meet your needs and wants, take note of the following characteristics of the best credit card.
How to Handle Credit Card DebtAugust 11, 2008 - more>>
Credit card debt is one of those things that once people get into it, they aren't sure how to get out of it. One thing is sure: paying minimum payments is not going to do it. The only thing you will cover with minimum payments is the interest and if you're lucky, a couple of dollars off the balance. The key is trying to figure out how to make more than minimum payments in order to get rid of the mounds of credit card debt.
Tips for Using Credit Card Cash AdvancesApril 6, 2008 - more>>
You can get cash from your credit card through a cash advance feature, but you should be aware of the fees and charges that go with it. You can use your credit card to draw money when you need it as long as you are prepared to use your credit card correctly to do so.
Things to be aware of in cash advance are:
- Cash advances generally charge a higher interest rate compared to the purchase rate.
- There is no interest free period on cash advance.
- To repay the cash advance, you have to repay all other credit debt first.
- You will lose the interest free period on all purchase until the credit card debt is repaid in full.
Best rate credit cards reduce credit expensesMarch 25, 2008 - more>>
Low interest credit cards are perfect for people who keep a balance owing on their credit card for months at a time. By getting a low interest credit card, you can save expenses due to interest repayments. Transfer your current credit card debt to a low rate credit card and start saving on these expenses. The balance transfer features of these best rate credit cards can help you get ahead on repayments by not charging interest.
How credit cards workSeptember 18, 2007 - more>>
Credit cards are issued after an account has been approved by the credit provider, after which cardholders can use it to make purchases at merchants accepting that card.
When a purchase is made, the credit card user agrees to pay the card issuer. The cardholder indicates his/her consent to pay, by signing a receipt with a record of the card details and indicating the amount to be paid or by entering a Personal identification number (PIN). Also, many merchants now accept verbal authorizations via telephone and electronic authorization using the Internet, known as a 'Card/Cardholder Not Present' (CNP) transaction.
Frequent flyer programSeptember 3, 2007 - more>>
A frequent flyer program (FFP) is a service offered by many airlines to reward customer loyalty. Typically, airline customers enrolled in the program accumulate points corresponding to the distance flown on that airline. Accrued points (also known as frequent flyer miles) can be redeemed for free air travel; for other goods or services; or for increased benefits, such as airport lounge access or priority bookings.
The primary method of obtaining points in a frequent flyer program is to fly with the associated airline. Most systems reward travellers with a specific number of points based on the distance travelled (such as 1 point per mile flown), although systems vary. In Europe, for example, a number of airlines offer a fixed number of points for domestic or intra-European flights regardless of the distance (but varying according to class of travel). The calculation method can become complicated, with additional points given for flying first or business class, and often fewer points given when flying on discounted tickets.
Credit Card Interest ChargesAugust 26, 2007 - more>>
Credit card issuers usually waive interest charges if the balance is paid in full each month, but typically will charge full interest on the entire outstanding balance from the date of each purchase if the total balance is not paid.
Effective interest rateAugust 22, 2007 - more>>
The effective interest rate, effective annual interest rate, Annual Equivalent Rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest.[1] It is used to make loans with different compounding terms (daily, monthly, annually, or other) more comparable.
Compound interestAugust 22, 2007 - more>>
Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. The act of declaring interest to be principal is called compounding (i.e. interest is compounded). A loan, for example, may have its interest compounded every month: in this case, a loan with $1000 principal and 1% interest per month would have a balance of $1010 at the end of the first month.
Annual percentage rateAugust 21, 2007 - more>>
Annual percentage rate (APR) is an expression of the effective interest rate the borrower will pay on a loan, taking into account one-time fees and standardizing the way the rate is expressed. In other words the APR is the total cost of credit to the consumer, expressed as an annual percentage of the amount of credit granted. APR is intended to make it easier to compare lenders and loan options.
The APR is likely to differ from the "note rate" or "headline rate" advertised by the lender, due to the addition of other fees that may need to be included in the APR.
Secured credit cardsJuly 26, 2007 - more>>
A secured credit card is a type of credit card secured by a deposit account owned by the cardholder. Typically, the cardholder must deposit between 100% and 200% of the total amount of credit desired. If the cardholder puts down $1000, they will be given credit in the range of $500 - $1000. In some cases, credit card issuers will offer incentives even on their secured card portfolios. In these cases, the deposit required may be significantly less than the required credit limit, and can be as low as 10% of the desired credit limit. This deposit is held in a special savings account. Credit card issuers offer this because they have noticed that delinquencies were notably reduced when the customer perceives something to lose if the balance is not repaid.
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