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...

You have to get your card registered to shop online

Posted by: admin  Posted date: July 23, 2009 in Credit Cards Articles
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Are you planning to shop online in the near future? Or is there any other online transaction, involving the use of plastic money, high on your agenda? If yes, better get registered with your bank, otherwise you won’t be able to use your credit or debit card online just after a week’s time. For, the RBI has made it mandatory for all online transactions to have an ‘extra’ level of authentication from August 1, 2009 onwards. And some banks have already started complying with this mandate.

Although lots of ecommerce players are concerned about losing their business in the short run, as they believe that many shoppers, who are still not aware about the RBI mandate, may simply ditch the buying decision at the checkout process, bankers view this as one more step towards moving closer towards a fraud-proof world of online transactions.

“This is just to add an additional layer of security for online transactions. This requ Read more…

Tags: Online Shop Online

All Praise 0% Credit Card Offers

Posted by: admin  Posted date: July 22, 2009 in Credit Cards Articles
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Have you been awed by 0% credit card offers lately? Are you opting to transfer your credit card balance to a 0% interest card? 0% credit offers can be a more-than-ideal solution for those who are searching for new ways to get their finances under control and in the process reduce their overall debt situation.

First and foremost, every 0% credit card offer has an attached terms and conditions sheet which is crucial for you read and understand. In order to earn back the lost interest revenue, the credit lender might charge higher late payment rates, over-the-limit or missed payment fees, which could altogether cancel out the benefits that you are expecting to receive from the 0% interest rate.

It is not uncommon for credit card providers to charge a “transfer fee” when transferring your debt across their account, which can reach as high as 3% of the total debt amount that you owe. If

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Tags: Card Offers Credit Card Credit Card Offers Offers

Credit card arbitration in flux as firms withdraw

Posted by: admin  Posted date: July 22, 2009 in Credit Cards Articles
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After the second major arbitration firm has removed itself from the consumer credit market, uncertainty remains about how credit card disputes will be resolved under current contracts.

On Tuesday, the not-for-profit American Arbitration Association said it will no longer take on disputes involving credit card debt, unpaid cell phone bills and other consumer debt collection issues. The AAA said it would withdraw until some guidelines are established for the industry.

The decision comes just a few days after the National Arbitration Forum withdrew from the market for new cases in response to a lawsuit filed by the attorney general of Minnesota.

Both firms are private arbitration companies that are selected by lenders, including credit card and telecommunications companies, to resolve disputes involving consumer credit. Read more…

Tags: Card Credit Card

Credit card fraud unearthed

Posted by: admin  Posted date: July 21, 2009 in Credit Cards Articles
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The Jaipur police arrested members of a gang alleged for their involvement in a credit card fraud racket.

It is expected that the gang has about ten members.

The activities of the group surfaced on Saturday, when some of the group members attempted to make payment for jewellery worth Rs 7.50 lakh using fake credit card.To make the payment, one of the convicted produced his driving licence as a proof of identity. The driving licence was issued from Thane.

The fraud was revealed when the payment was not processed by the bank, reasoning that the card used for transaction was issued on the basis of counterfeit supporting documents.

The incident took place on Saturday, 25 July 2009 at Paliwal Jewellers, Gopalpura (Jaipur).

The second confrontation occurred at Nandkishor Meghraj Jewellers, where the convicted attempted to deceive the owner with purchase of jewellery worth Rs 99,000.

Read more…

Tags: Card Fraud Credit Card Credit Card Fraud Fraud

Teens push to get credit cards before regulations kick in

Posted by: admin  Posted date: July 20, 2009 in Credit Cards Articles
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New credit card regulations are slated to go into effect early next year which some say will help consumers with mounting credit card debt, but before this law goes into effect some young adults are trying to get their hands on plastic.

With the new regulations putting limits on how those under the age of 21 can access credit cards, Dallas NBC affiliate KXAS-TV notes that some teens are looking to get a credit card in their name in order to establish credit and a credit score.

For those about to head off to college, or moving out on their own for the first time, having a credit history can be a big issue.

“[Without a credit history] I can’t turn my utilities on,” 19-year-old Nicole Anderson told the TV station. “I can’t turn my cell phone on.”

Student credit cards have become a big problem for many college students, especially those already dealing with student loans. Read more…

Tags: Credit Credit cards

Criminal Charges: Your weekly credit card fraud round-up

Posted by: admin  Posted date: July 19, 2009 in Credit Cards Articles
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Criminal Charges has a new look this week in an effort to fit in even more stories of credit card fraud and crime from across the Internet. Read on for the latest tales of card misconduct around the U.S. and beyond.

  • They harass you at home with calls offering products and services you’re probably not interested in — and based on charges targeting a woman from Eau Claire, Wis., telemarketers may also steal your credit card information, WEAU.com reports.
  • Need a more substantial reason to fear men wearing fanny packs? That fashion accessory held scissors used to threaten a Starbucks employee into returning an apparently stolen credit card in the “Coffee Caper” highlighted by the Chicago Journal.(Also, see the unrelated bonus item entitled “Storm of Poop” for a dose of horse excrement-induced crowd panic.)
  • Based on a press release from the Department of Justice, U.S.

Read more…

Tags: Card Fraud Credit Card Credit Card Fraud Fraud

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