Latest Articles from Credit Card Posts
Does It Hurt My Credit if Several Reports Run While Car Shopping?
Auto lenders will often view your credit report prior to offering you an auto loan. The information in your report determines your FICO credit score, which runs from 300 to 850. This information will impact the terms of your auto loan, including the...
Read MoreIs your car a filthy mess?
How about your home? Your office? Your yard? Im a little embarrassed to say yes, yes, yes, and yes. Or, at least, that was the old me. Im a hyper, busy guy, so everything was a mess. When was I supposed to find time to organize my stuff when I was...
Read MoreIs Unemployment Credible Income?
Unemployment income is temporary income you receive when you lose your job. This money is considered income, though you do lose it when you return to work. When you apply for a bank loan, the bank looks for credible income from sources that...
Read MoreBalance Transfer Credit Cards – Zero Percent Cards With Rewards
Balance transfer cards are ideal for anyone wanting to transfer high interest rate card indebtednesses over to a lower interest rate card. The balance transferring will save you money, since the interest rates will be lower. Still, you need to be cautious since some card lenders tend to charge excessive fees on balance transfers.
Balance Transfer Credit Cards,Best Balance Transfer Credit Cards,Balance Transfer Credit Card
Some of the very best balance transfer cards are available online. Here you will find a plethora of information that will connect you to loaners and credit cards. Most sites supply data that will cover all particulars relating to credit cards, including APR, introductory, fraud protection, balance transfers, rewards, and more.
The lender offers 0 percent introductory up to one year on purchases and balance transfers.
Credit Vs. Debit
Taking a break from Credit vs. Charge Cards, I want to touch on the choice between credit and debit cards. You would have trouble opening a bank account without receiving an ATM card that doubles as a Debit card. Typically, these cards are accepted anywhere a Visa is.
The USA Today, recently posted a rundown of the distinctions between credit and debit cards with a style that recalls their usual talent for distilling subtle distinctions into colorful bar graphs.
The article begins by pointing out that there were actually more debit card transactions last year than there were with credit cards. The author offers many possible explanations from the failing economy to the preferences of the younger generation. I think a lot of people have had it with their credit card company and they see debit cards as a better way to go, but there is also more to it.
Here is my take on some of their advice regarding debit cards:
They say that: “Make sure the funds are there. A $6 sandwich can wind up costing $46 if you don’t realize your checking account is flat-lining. Most merchants no
Fitch: Credit card charge-offs on the decline
It appears that Americans might be getting a better handle on paying down their credit card debt as a new report finds that credit card charge-offs fell in July after months of continual increases.
The report from Fitch finds that the charge-off rate – the percentage of credit card balances companies expect to never collect – fell to 10.55 percent in July, a 24 percent basis point drop from June.
While this may be a sign that consumers’ finances are improving, there still is a way to go before default rates return to levels seen before the economic downturn. According to Fitch, charge-offs have risen 45 percent between February and July and now stand 63 percent higher than they were one year ago.
Michael Dean, managing director at Fitch, says a number of economic indicators need to improve before there is any consistent drop in defaults.
“We still need to see some measurable improvement in the delinquency and personal bankruptcy figures and the employment situation overall before charge-offs revert to more historical norms,” he said. Read more…
Spoiled credit history? – Get a secured credit card
A recent report by Reserve Bank of India indicated declining use of credit cards in India. The credit card count fell by 1.36 million between February 2008 and 2009 on a year-on-year basis. Besides, the credit card base also shrank by 359,000 in February.
The Indian Cards Council (ICC) revealed that the non-performing asset (NPAs) in the Indian credit card business has grown four times over the last fiscal year.
Are you one of those credit cardholders whose credit card limit has been reduced? Or you are unable to use your credit card due to bad credit history, or did the issuing bank cancelled your credit card?
Secured credit cards are a way out…
The article will help you in understanding the use of secured credit cards. You get to know how you can use this option to avail credit, buy when you have no cash, or improve your credit history.
How to Benefit from Credit Card Balance Transfer Offers
Financial surveys show that months with holiday seasons are times when most try to apply for credit cards. It is also after the holidays that credit card charges soar at the highest. In response to this marketing trend, credit card companies generously spend their marketing budget to attract new cardholders and to keep their old customers as well. How? Through credit card balance transfer offers.
By offering zero interest rate for balance transfers, even those who already have credit cards from other companies are attracted to open a new account hoping to pay off their charges at a less cost. Are you planning to apply for a balance transfer credit card as well?
If you are, then there’s nothing wrong with that. As long as you know how to use your new credit card wisely, you can enjoy huge savings by not paying the additional interest rate. B
Q & A With Amex, Part 2 and Comments
Are there any distinctions between the annual fees or other fees on credit cards vs. Charge cards?
Every card has a price, and we are upfront about ours. Take our Green Card for example. For only $8 a month, less than a movie ticket, you get: • The ideal payment tool for people who want control of their finances • Rich rewards you can use with no expiration, cap or black out dates, • Access to everything from a hot concert to the local theatre • Exceptional customer service
Plus having the American Express Card in your wallet is like carrying around a security blanket: your purchases are protected and we are there for you when you are traveling.
We’re also attaching some fact sheets that show the different Charge Cards we offer and the benefits and services that come with each one.
What reward programs are associated with Amex’s Charge card offerings? How do they differ from the reward card offerings on the credit card products?
Amex: Every Charge Card comes with the Membership Rewards program. The program allows Charge
Recent Comments