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...

Take the sting out of credit card charges

Posted by: Lola Thornton  Posted date: March 01, 2011 in Credit Cards Articles
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Dealing with a 200 credit card sale costs a business 2. So why are we surcharged up to 10 by airlines, train companies, ticket agencies and utilities among others?

The issue is on the radar at the Office of Fair Trading after lobby group Which? launched a ‘super-complaint’ this month, claiming that the charges are far higher than the true cost to the retailer of processing the transaction.

The cost of handling card payments varies with the size of the company or retailer and the fees charged by the payments giants such as Visa and MasterCard. Typically, costs are between one and 2.5% of the transaction for credit cards and pennies for debit card sales.

But many companies have boosted card payment charges dramatically, sparking accusations that they are simply pumping up profits at the customers’ expense.

For example, experts estimate it costs an airline such as Ryanair about 2 or 3 for a credit card booking of 200.

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Tags: Card Credit Card

Consolidate credit card debt- You Can Be Benefited

Posted by: admin  Posted date: February 28, 2011 in Credit Card News
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Are you experiencing the problem of credit card debt? These days, plenty of people reflect that they have this kind of problem. No matter how hard they try to work for paying the money, they would find that they are stilling incurring a large amount of principal loan. This is something understandable indeed. It is because the credit card companies are charging you a high price for the interests incurred in the credit card debt. Therefore, you would mostly be paying for the interest rather than the root amount of the loan so it would actually take you a long period of time to solve the financial hardship.

If you want to remove this kind of nightmare, you can simply consider trying to change the consolidate credit card debt to the debt under certain agencies. Under those consolidation plans, all the credit card debts might be gathered in one account. This can help you monitor your repayment process better. Read more…

Tags: Card Debt Credit Card Credit Card Debt Debt

Two-year balance transfer offer remains on the market

Posted by: Matilda Sprent  Posted date: February 28, 2011 in Credit Cards Articles
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A credit card in the Discover More Card series that offers new cardmembers a 0% APR on balance transfers for 24 months will remain in the current credit card marketplace after all.

The credit card offer was originally slated to run for a limited time only – from January 1, 2011 through February 28, 2011 – but the offer has now been extended for an unknown period of time.

In addition to offering 0% intro APR on balance transfers for 24 months, this credit card deal also offers (as of today, March 1, 2011), a 0% intro APR on purchases for 6 months and up to 5% cash back on purchases. After the introductory period is up, the regular APR for this card will be a variable APR of 11.99% – 20.99% (as of today, March 1, 2011).

Following the changes associated with the CARD Act, some predicted the end of zero interest balance transfers as they had previously been known. But that has not proved true.

Balance transfer credit card offers remain strong in the current marketplace.

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Tags: Balance Transfer Market

Credit Card Debt Consolidation

Posted by: admin  Posted date: February 26, 2011 in Credit Card News
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Credit card holders have found themselves in situations when their debts become difficult to handle and they struggle to find a way out. At times like this, even when one works very hard, one is unable to pay the minimum amounts of the bills. But if one owns a house, the process of repaying debts becomes a lot easier and less worrisome. Grouping one’s debt and using one’s mortgage as a base for that grouping is known as debt consolidation.

Debt consolidation loans pay out mortgages and credit card debts and group them as one single loan that is slightly larger. This loan reduces the interest one pays on credit cards because it is considered to be a home loan and helps in saving money every month. On top of that, having all debts under one loan reduces the payments that one needs to make monthly to a single payment, as opposed to the multiple debt payments. The money saved can be used to pay off debts quicker.

A change in one’s lifestyle and spending pattern is also necessary. It is Read more…

Tags: Credit Card Debt

Banking highlights of 2010 and what to look for in 2011

Posted by: Matilda Sprent  Posted date: February 24, 2011 in Credit Cards Articles
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From U.S. government “bail-outs” to new checking and credit card account regulations, the banking industry was bombarded with changes in 2010. As any experienced banker will attest, when serious changes come from the federal government, they are seldom beneficial to financial institutions.

But, what can we expect for 2011? More of the same? A regulation or change-free year? Polish up your history notes and your crystal ball.

2010 Highlights

Many bank executives may consider 2010 filled with “lowlights,” as new Congressional regulations and market influences have decreased gross income for financial institutions. Consumers may have a different perspective.

The CARD (Credit Card Accountability, Responsibility and Disclosure) Act of 2009.

Most of the important changes of the CARD Act took effect in 2010. New rul

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Tags: 2010 2010 Look

New credit card balance transfer battle

Posted by: Lola Thornton  Posted date: February 23, 2011 in Credit Cards Articles
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A new balance transfer battle has erupted with Barclaycard and Nationwide extending their offers to claim top spot in the market.

Yesterday Nationwide matched Barclaycards 17 month 0% balance transfer offer – previously the longest on the market – by introducing a new card.

Today Barclaycard announced that it would be upping its deal to 18 months, beating Nationwide by one month, to make it the with the longest balance transfer offer on the market.

Balance transfer cards allow you to move an existing credit card debt to a new provider at a 0% rate.

There are over a hundred 0% balance transfer credit card deals on the market, ranging from three months to Barclaycards 18 months.

Other credit card providers have also introduced new deals to tempt borrowers. Tomorrow M&S launches a new offer of 0% on all purchases with its card for 15 months and earlier this week MBNA launched a new rate for life credit card at 5.9%. <

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Tags: Balance Transfer Balance Transfer Battle Battle Transfer Battle

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