Surviving in the world...

Surviving in the world of credit cards

Now we, customers, play a game ‘who have a better credit score’. It looks like that having a credit score is a point of pride rather than...

Some necessary researc...

Some necessary researches before getting rewards credit card

You decide to choose a credit card? OK, at first make a research to find the best variant for you. Before you request one of cards, you should be...

Advantages of reward c...

Advantages of reward credit cards

Of course, you think about worth and convenience of using a retail credit card so that when you buy something at this shop and you see something you...

A good credit history ...

A good credit history it’s very easy

Credit cards are convenient and can certainly help you to settle a good credit history, when you are young. And the good credit history is very...

Emily’s list: Fly for free edition

Posted by: John Freycinet  Posted date: May 31, 2011 in Credit Cards Articles
0

While summer doesn’t begin until late June, it already feels like it here in Texas. I don’t know about you, but I’m already dreaming of my summer vacation. It’s not planned yet, but I’m not too stressed out about it. I’ve been saving for a trip little by little every week, and have enough Continental OnePass miles to get me a round-trip ticket to pretty much anywhere the airline flies.

I don’t fly more than a few times a year. I have been accumulating the miles from traveling with Continental for years, but part of why I have so many miles is because I frequently use the Chase Continental MasterCard. I get a point for each dollar I spend, and double the points for each dollar I spend when buying a Continental flight.

I often use the card for regular purchases to get the miles and then pay off the balance right away. Like most airline cards, the issuer has partnered with vendors in every industry and gives you miles when you use the card to shop with them.

Read more…

Credit Card Non-Payments Hit a Record Low

Posted by: Matilda Sprent  Posted date: May 31, 2011 in Credit Cards Articles
0

The Sacramento Bee newspaper reported in early May that according to the major credit rating agency Moody’s, defaults on credit card payments are about to hit their lowest level in 20 years. Credit card defaults will reach a 20-year low by next year, Moodys Investors Service said Monday, as card issuers remain choosier in their lending practices.

For the past few years card companies have dealt with billions of dollars worth or lost revenue due to uncollectible credit card debt. They made it harder to get credit card applications approved, they raised penalties and rates, and they lowered lines of credit for their customers. But it appears now that with the worst behind them these card companies are once again back in business and eager to offer cards and credit.

For the past couple of years, for examples, defaults added up to a grand total of nearly $75 billion in losses – and that was at just six of the biggest banks and card companies like Amex, Citi, Chase, Bank of America, Capital One, and Discover. But

Read more…

Tags: Credit Card Low

Unique Credit Card “Extras”

Posted by: John Freycinet  Posted date: May 30, 2011 in Credit Cards Articles
0

There are many different unique credit card “extras” that you may not even know about! Major credit card companies have adopted and developed unique incentive programs to attract new cardholders and retain their valuable customers. Certain types of cards, called gold or platinum, will automatically provide valuable savings and protection programs for cardholders viewed as low-risk and high-volume charge clients. Cardholders in standard classifications will be offered many of these programs in exchange for the payment of an annual fee.

Credit fraud has become a multi-billion dollar annual risk to banks that issue credit cards in many countries around the world. Third-party providers have established entire businesses to protect the credit profiles of clients that also carry major credit cards. The banks have identified services that will protect cardholder credit and identification information and yield large profits at the same time.

  • Account Insurance – When the cardholder agrees to this type of insurance, the bank will cover the minimum monthly payments on any outstanding balance in the event of a disability. Some

Read more…

Tags: Card “extras” Credit Card Credit Card “extras” “extras”

How to cut the cost of holiday spending

Posted by: Lola Thornton  Posted date: May 27, 2011 in Credit Cards Articles
0

Customers will benefit from a fairer exchange rate when using RBS and NatWest credit cards abroad.

There was an outcry when it emerged that RBS was using its own exchange rate, which could add an extra 2% to the cost of overseas transactions.

From July 1, the bank will base its rates on standard Visa and MasterCard exchange rates, which offer a better deal.

Tesco bowed to similar pressure at the end of January.

It was clear from feedback that customers wanted a more standardised approach to how exchange rates are calculated and one that was easier for them to understand. As a result, we are changing the system, says an RBS spokesman.

However, RBS and NatWest credit cards are still expensive to use abroad because, in common with most other cards, they add a loading to the Visa and MasterCard rates.

Some pre-paid cards that do not charge fees, such as Caxton FX and Travelex, offer a cheap way to spend or withdraw money abroad.

Read more…

Banks Want Laws to Make it Harder for Some to Get Cards

Posted by: Matilda Sprent  Posted date: May 26, 2011 in Credit Cards Articles
0

Credit card issuing banks are lobbying federal regulators in an attempt to put restrictions on who qualifies for a credit card. Under their proposed changes, for example, if your spouse makes the family income but you stay at home and don’t draw a salary because you are raising kids or caring for a sick parent then you won’t be eligible for a credit card of your own.

The card companies argue that giving cards to people who do not have any verifiable income is a mistake, and that many people who fall into that category end up defaulting on their payments. Blaming this kind of credit for many of the recent problems with credit card delinquency and nonpayment, they say that they believe those who do not earn a paycheck should not be issued plastic.

The rules are expected to go into effect by the end of the year. So credit card industry experts say that if you are one of those stay-at-home consumers who doesn’t have steady income, you may want to hurry and apply for your credit card now, before the restrictions take hold. Then

Read more…

Tags: Make Make Harder

Ask Creditnet: Corporate Credit Card in Collections

Posted by: Lola Thornton  Posted date: May 25, 2011 in Credit Cards Articles
0

Dear Creditnet: I’m currently receiving collection notices from American Express for an unpaid balance on an old corporate credit card. I left the company where I had this card in late 2011.

I have combed through all my Amex bills, corporate expense reports and reimbursements, but I’ve been unable to find any unpaid charges on the card.

In addition, because the card was in my name and I incurred all the charges, my former employer takes no responsibility for the unpaid balance even though the charges were made solely for work purposes.

Will this affect my personal credit? What should I do now?

Answer: This is a difficult situation, but it’s not one that American Express is unaccustomed to handling. Believe me, these sorts of problems arise quite often with business credit cards.

Although it may seem a bit unfair, the contract you signed when you received the corporate credit card likely places the liability for any unpaid charges on you. That’

Read more…

Tags: Card Corporate Credit Corporate Credit Card Credit Card

Page 11 of 55« First...«910111213»203040...Last »