Credit Cards News Archive
News Archive: 2008
Let us be honest, for most of us choosing a new credit card is a time-consuming process. A man of indecision is the scene one can hardly find charming. First and foremost, you should determine the type of the card you would like to obtain, then you should choose the best rate. When it comes to interest rates, the amount of the rate is not the only concern of credit cardholders. The difference between variable and fixed interest rates is really significant. Now that the prime rate is extremely low, more and more people prefer obtain variable-rate cards. Let's take a closer look at fixed and variable credit rates and find out how they work.
Click here to read more...Initially, plastics were designed for those customers who seek for more convenience when spending their money. Now that a credit card is a necessity rather than a privilege, cardholders want to see more options on their plastics. Today card companies offer credit products that meet the expectations of various consumer groups - from college students to sports fans and art-lovers. In other words, they allow getting more benefits when making eligible purchases at your favorite merchant. And what about plastics that enable people to save?
Click here to read more...For most cardholders, a solid credit history is the aim they're trying to achieve by working hard on their credit. While some people manage to acquire a good credit rating without any particular efforts, the others suffer badly from their damaged credit history.
Probably, bad credit is not so bad itself. It would be better to say that interest rates and other charges associated with credit are far from ideal. One may have excellent financial habits, but if he or she has never obtained a loan, it may be a big problem for creditors. Bad credit may be a result of financial failures and credit card misuse. No matter what's the reason of your low credit score, the shortcut to low rates is a high credit score. Learn how you can fix it!
Click here to read more...There can be various methods that are generally used to establish credit history. They differ much, and sometimes people can be extremely creative when building their credit. But generally, those people who are going to start credit history, want to do this with minimum efforts. And one of these shortcuts to good credit is co-signing.
When it comes to co-signing, the only problem that comes into your mind is, where can I find a kind-hearted person who will let me enjoy all the privileges of good credit? At first glance, co-signing is nothing but piggybacking. However, when you take a closer look at co-signing, you will find lots of peculiar facts that will obviously make you think twice before ask someone to co-sign you for his or her credit account.
Click here to read more...[05:01:12 AM Thursday, January 24, 2008]
The problem of identity theft at restaurants seems to be resolved! A new device has been designed by Verifone, Ruth's Chris Steakhouse and National Bankcard Systems of Austin. This pay-at-the-table system was recognized as a win-win solution for everyone.
The point is, identity theft cases are not rare at restaurants and other dining locations. While the majority of customers prefer using plastics to pay for dinner, you can hardly find a person who likes when his or her credit card is out of sight. No one can guarantee that this smiley waitress will not copy your credit card number, and steal your personal data. Learn more about credit fraud solutions in places of public catering.
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[06:03:56 AM Monday, January 28, 2008]
Year by year, Americans fall deeper into credit card debts. It's not news that most credit users make the minimum payment only. For some customers, carrying their balance from month to month appears to be the most convenient option. Meantime, the others simply cannot pay more than the minimum.
Creditors will have to disclose the information about the true costs of credit card minimum payments in the nearest future. The Credit Card Minimum Payment Notification Act requires lenders to add some essential points regarding the consequences of making minimum payments only to cardholders' monthly credit card statements. How do monthly minimum payments affect your family budget? Should you pay more and why? Read on for more information.
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[06:46:51 AM Thursday, January 31, 2008]
Step by step, credit cards are becoming quite common for cash-oriented businesses. Present days, it's possible to pay for the ride in taxi with your credit card. Increasingly, yellow cabbies all over the US are being equipped with credit card machines that allow accepting credit and debit cards. While citizens enjoy the new service, taxi drivers are not so happy about these credit card machines in cabs. The cases are not rare when taxi drivers tell a whopping lie in order to get cold cash for their job. What are the true reasons of their discontent?
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[04:19:30 AM Monday, February 04, 2008]
St. Valentine's Day may be awkward for loving couples. The choice of the right gift may take days and even weeks. If you look for something special for your dear one, your AmEx plastic may be rather helpful!
Get sick and tired of tedious chocolate candies and Valentine cards? What about a dream vacation in Polynesia, Tanzania, Buenos Aires, or Hawaii? On the 4th of February American Express launches an online auction where prices drop every 20 minutes. Make this Valentine's Day unforgettable with American Express Going Once!
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[06:36:04 AM Thursday, February 07, 2008]
The Internet bank Egg took drastic actions in order to prevent credit card delinquencies of its bad debt cardholders. About 160,000 of its clients will soon receive a letter informing them about credit card cancellation.
Approximately 7% of Egg's clients will be shocked to discover they are deemed "high risk" customers. It means that in 35 days credit cards provided by Egg Bank will simply cease to work. The most frustrating thing about this action is that cardholders with excellent and good credit histories will face the same difficulties as the customers with spotty ones. How can it be? What's the point?
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[06:42:27 AM Monday, February 11, 2008]
Very soon the shower of credit card applications attacking your mail box or e-mail every day may become just reminiscences. Almost every experienced cardholder knows the cost of unsolicited credit offers. With the aim of capturing as many customers as possible, such card deals were sent to people indiscriminately.
In most cases your credit score and payment history did not matter and the fact that some customers may be unable to pay did not stop issuers. In the end lots of people came up with a gross debt and sometimes - with the need to file bankruptcy.
However, the credit crisis affected not so much credit consumers as card issuers themselves. Realizing that they may soon be incurring great losses, lenders are giving up some of their predatory practices.
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[07:10:18 AM Thursday, February 14, 2008]
It is estimated that most cardholders do not bother their heads with credit card comparison. Only a small percentage of cardholders choose between two or three cards. Some people tend to follow the advice of their friends and relatives. And some consumers make their credit card decision under the influence of colorful ads and alluring credit options.
The thing is, we lose money making credit card deals with not so favorable options, though our credit ratings enable us to get more opportunities. When filling out the first credit card application form that comes to your hand, you make a big mistake.
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[05:54:26 AM Tuesday, February 19, 2008]
Present days, information is power, not to mention your personal information that may be used for committing fraud and various crimes. Statistics figures show that credit card fraud appears to be the most common form of identity theft. The ever-increasing number of identity theft victims proves that this problem is very serious.
According to the list of top consumer complaints associated with fraud, provided by the Federal Trade Commission, more than two hundred thousand consumers suffered from identity theft in 2007. Credit bureaus introduce their methods of fighting this crime.
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[05:13:40 AM Tuesday, February 26, 2008]
After dramatic fed rate cuts, millions of cardholders sighed with relief. For banks, it's getting cheaper to borrow money, but what about credit cardholders? Unfortunately, thousands of cardholders found themselves in a no-win situation. Really, it's rather embarrassing to be notified by your issuer that your rates are doubled for no obvious reason. Interest hike is just one of the ways used by creditors to keep credit card profits.
Do you happen to know that businesses associated with lending are the most profitable ones? Lenders know how to make money, even if the economy slides down, and credit card delinquencies are on the rise. Read more about the actions major lenders take in order to cover the losses they bear.
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[05:10:12 AM Thursday, March 06, 2008]
MasterCard, an international debit and credit card payment system, has pleased credit consumers all over the world with a new irresistible but not generally accessible credit card offer. The new credit card is a joint campaign of MasterCard and Sotheby's, the international auction house which dates back to 1804.
Sotheby's MasterCard does not belong to any of the credit consumer types we already know. It is not a student credit card, nor is it a deal for business owners. This MasterCard offers an exclusive credit card deal for affluent people with love for the arts. You can guess the fascinating power of this credit card when it comes to specific rewards designed to please a most sophisticated art lover.
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