Monday, December 20, 2010

Credit card debt more common than mortgage debt



Its latest research found that in the June quarter, 36.6 per cent of households had credit card debt, while 33.9 per cent had mortgage debt.
A research fellow at the Melbourne Institute, Edda Claus, says the result is a concern.
"I would think this is not a good thing because interest rates on credit cards would tend to be quite high," she said.
But Ms Claus says that in general, household finances are in better shape now than they were during the first three months of this year.
Almost 49 per cent of households are saving their income, compared to 46 per cent during the March quarter.

Credit cards



“Credit cards are evil.” “Credit cards are a trap, causing millions of Americans to become burdened with debt that they will never be able to pay.” “Congress should start to investigate credit card companies and should limit the amount of interest they can charge.” “As soon as I pay off these cards, I am going to cut them up and never use another credit card again.” These are just some of the opinions that a majority of us feel about credit cards. We enjoy the spending power that they give us but resent everything else about them. Don’t take my word for it, perform a Google search on “evil credit cards” and look at the 8 million results.

Credit Card Regulation Changes


Universal Default meant that if you had four credit cards and defaulted on any one of them — all four credit card issuers had the right to impose the default APR on you. So, even if you hadn’t defaulted on a particular card — you could be charged the default rate because you defaulted on some other credit balance. This practice has been eliminated.

CancerCard: Don't leave home... ever


Home. We know how much it means to you. That's why we designed CancerCard, the one credit card guaranteed to keep you safe and secure. How safe? Unlike other credit cards, CancerCard only works at home. That's right, there are no magnetic stripes, embossed numerals or smart chips on this devoted friend. Just the numbers you need for secure online transactions, at home, at your convenience, in your jammies. All reward points benefit Habitat for Humanity. CancerCard. We give you credit for caring.

Read more: http://www.creditcards.com/credit-card-news/credit-card-horoscope-cancer-1273.php#ixzz18iQo7RsE
Compare credit cards here - CreditCards.com

Playing the Credit Card Balance Transfer Game



With the majority of credit card companies raising their rates for card holder’s, you could very well find yourself paying more interest on your card balances than you had originally planned on. The good news is you don’t have to take a higher interest rate as the answer!
In fact, as long as you have decent credit, there is no reason why you should accept an interest rate hike from your credit card company. With the economy the way it is, credit cardholders have been reporting that even though they’ve never made a late payment on their cards their interest rates have been increased or their credit limits lowered. If you receive a notice that your rate has been increased, you should take a moment to call them up and request a lower interest rate. If they say there is nothing they can do, you can thank them for their time and let them know you will be transferring the balance to another credit card with a lower rate.

Sunday, December 19, 2010

What’s That Doing On My Credit Card Bill?



Ever bought anything online and been offered various “rewards programs,” “free trials,” or “extra 10% discounts”? 
Ignored them or turned them down? Better check your monthly credit card statement. 
Among the various purchases on your card you may find a monthly charge of as little as $9.95 for these innocuous sounding programs from companies you’ve never heard of. How the heck did they get your credit card number and permission to charge you?
They’re called “negative-option” plans, in which consumers are automatically charged for services or products until they take affirmative action to cancel them. Pop-up ads and check boxes authorize a “free” trial in buying, shopping, and travel clubs, privacy services and health programs. The authorization may come from an errant click or through an automatic sign up that flashes by unnoticed by internet shoppers. 

credit card



Is credit card a boon or bane? Well, that’s a debate that will go on years to come but if you have plans to gift yourself a credit card, the following info on the different types of credit cards and their features could help you decide on the ideal card for you.

Posts Tagged ‘credit card companies



One advantage of the credit card companies for card to earn reward points. Points are earned for every purchase made. Benefits may vary depending on the market they serve. For example, traveling frequently to the customers credit card points reward credit card frequent flyer miles. These frequent flyer miles and then be converted to actual miles and be freed from the airlines, which co-promotions with credit card company’s sponsorship of a credit card. Frequent flyer miles are not always equal actual miles required to travel to certain destinations. Some credit card companies reward the user with a card credit flyer miles for every dollar spent on purchases. Several purchases represent different reward points.
In connection with the credit card system for frequent flyer awards, for example, a user who purchases food, gasoline or purchases of technically every day, equal travel reward points awarded to him for every dollar spent on their regular purchases. On the other hand, if you buy a plane ticket to co-sponsor of the used credit card reward points you can earn may be higher because this is a way to help promote the latest developments of the airline or your trip. The retail credit cards are also co-sponsor and can have higher equivalent reward points for purchases on the credit to promote sales of their products. Once you have accumulated enough points for purchases you made, then you can redeem for prizes equivalent. Of course, the higher the number, the greater the value of the rewards.

Internet Credit Card Processing



  • Allows property to process credit cards over the Internet using secure socket layers.

  • Receive approval within 2-3 seconds of request.

  • Compatible with either dial-up or high-speed Internet connections.

  • Faster, more efficient communication between NiteVision and the credit card processor.

  • Supports the VisaNet/VITAL system.
  • credit-card-and- - credit cards, carta de cré...


    credit card = credit cards, carta de crédito, plastic, debit card, charge card, prepaid card, virtual card, gold card, platinum card, VISA, MasterCard, JCB, Diners Club, AMEX, American Express = A mechanism originally designed to get round the inadequacies of the US check/cheque interstate clearing system in the 20th century, this phenomenon of the plastic (and now "virtual" on-line) card has become one of the major channels of retail and corporate spending, especially cross-border and cross-currency, and arguably made possible commerce on the Internet. It exists in many forms from the commonly understood "credit" card where the card issuer provides the holder with credit and the holder need not necessarily pay the outstanding balance in full at the end of each statement cycle, through the charge card where the bill must be settled in toto at the end of each statement cycle, the debit card where funds are drawn directly/live from a checking/current/etc account for each transaction, to a prepaid card where funds must be loaded into the account first. Each has a different risk/benefit profile for the issuer and the holder and the merchant/acquirer accepting payment.

    CREDIT CARD HELP GUIDE


    Indian Chase Credit Cardis issued by the Chase Bank. It is the financial institute functioning in the business bazaar for last couple of years. It is supported by banks. Chase offers wide variety of credit cards for different purpose at rewarding ratesof interest and shopping cards, Petrol Bunk Fuel Card& offers. The credit card has to be selected on the basis of its use like payments to be made for sports activities, shopping, paying for the household expenses likeelectricity bills, telephone bills, gas cylindersetc, entertainment purpose, travel related expenses, business promotion expenses and so on. These credit cards apart from taking care of financial payments offer many additional services to their customers like cash rewards, special discounts and rebates.  

    Apply Now for a HKUAA Membership + VISA Card



    If you haven't responded to our letter sent earlier, we hope you will do so soon.  For your additional information, the HKUAA Platinum VISA Card offers permanent annual fee waiver and 8 Bonus Points = 1 Asia Mile reward at no mileage conversion fee. You may wish to take advantage of these and other exclusive benefits offered by the Bank of East Asia (BEA).

    To recapitulate, your Alumni Association has collaborated with the BEA to introduce a specialdual-purpose membership card + credit card for all its members.  The existing membership card* will be replaced by the new HKUAA VISA card.  We encourage you to make your application as soon as possible.   

    Once approved, you will enjoy perpetual annual fee waiver as well as 5% discount on F&B(food and beverage) consumed at the HKUAA Club House (except for Life and Associate Life members, please refer to the following details).  There are numerous other exclusive privileges too, including use of selected HKU facilities, Bonus Point rewards on expenditure on the card, and BEA year-round offers on its 350 dining merchants network.

    Tuesday, December 14, 2010

    TRIX-8 Temperature Recorder

    The LogTag TRIX-8 Temperature Recorder incorporates an external temperature sensor uniquely arranged in a recess in the case thereby providing the same integrated mechanical protection of a internally mounted sensor with faster reaction time more associated with external temperature probes.

    MasterCard Credit Card

    You don’t need another credit card... you need a better one.

    WorldPoints® rewards is a credit card rewards program that absolutely puts you first. And, it is available with the University of Missouri-St. Louis Alumni Association Platinum Plus® MasterCard® credit card.

    Choose the rewards that are right for you, including cash, travel, brand name merchandise, and gift certificates. Earn 1 point for every dollar you spend in net retail purchases.  It's that easy.  

    Credit Card Debt Counseling

    Many people have reached a point and time when they have considered whether or not they should obtain credit card debt counseling. The opportunity always seems to present itself through constant advertisements of credit counseling, but they choose to ignore all the ads until the day that it hits them. Many are not sure if the idea of credit card debt counseling actually starts to sink in, or if something specifically appeals to them in the credit counseling ad that they finally decide to act upon. Nevertheless, no matter what the case is, no one seems to flat out regret getting credit card debt counseling. As long as it can be confirmed that the credit counseling is from a reputable agency that is not planning on trying to scam you in any way, then credit card debt counseling just might be the golden ticket.

    Archive for "credit card over-limit charges"

    Chances are you have a credit card or two, maybe even a lot more.
    If you keep up with payments, having a card is one way to establish a credit history, which is important for buying a car or home, borrowing money for college, or even getting a job.
    However, consumers have been encouraged through slick advertising to reach for the plastic even on everyday purchases such as groceries or coffee.
    And when they do, they can be slapped with exorbitant overdraft and over-the-limit fees, inflating the cost of a cup of coffee from $3 to $30.
    I have never had coffee worth such a high price.

    How To Generate *Valid* Credit Card Numbers

    What do the credit card numbers mean and how are they generated? I need to start with a disclaimer: Do not use any credit card numbers, except your own, to buy things off internet. It’s wrong and it’s illegal. The purpose of this post is *not* to create fraudulent workable card numbers. It is to explain the math and the science behind those numbers that most of us see day in and day out; and hence this post should be viewed from a purely academic 

    Monday, December 13, 2010

    Use credit cards.

    Credit concerns got you down? If you’re worried about your credit score, rest assured there are easy ways to improve it. Try these five tips to boost your credit score:
    1. Use credit cards. No credit history is just as bad as a horrible credit history. If credit cards make you nervous, only use yours to pay off a monthly bill, or when you go out to eat. Manageable debt is better than not having a credit score at all.
    2. Keep your balances small to nonexistent. Don’t max out your cards unless you can pay them back down quickly. Use half or less of the full balance on each card when you make purchases. Keeping balances near the maximum will negatively affect your credit score.

    3. Avoid late payments. 
    Serial late payments can trash your credit score. Pay down the minimum amount each month, if not more. (Note: Many credit card companies will wipe your first late payment off your records if you say it was an accident. After that, you’re on your own.)
    4. Avoid acquiring too many credit cards. Not only does this complicate your debt life, but it reflects badly on your credit score. There’s no ideal number of credit cards, but try to keep it below six (including store cards).
    5. Do not open more than one credit card at a time (this lowers your accounts’ average age), or close too many credit cards (resulting in less credit available). Both actions reflect poorly on your credit rating.