• July 19, 2018 /  Credit Card
    13

    For a lot of elite credit card consumers, the most prestigious credit card is the American Express Black Card, officially called the Centurion Card.

    The reason most elitists deem the Amex Centurion Card as one of the most prestigious credit card offers is due to the fact you cant apply for this exclusive card membership, youve got to wait for an invitation to join from Amex.

    To qualify for the most prestigious American Express offer you first need to be an Amex cardholder of one of their elite offers such as the Platinum Card from American Express which certainly does give you elitist rewards.

    However to get accepted into the most prestigious American Express Centurion Black Credit Card exclusive membership youve got to be an existing AmEx cardholder and not only do you have to have a membership to a card such as The Platinum Card from American Express, youll need to be spending at least $100k on you existing American Express Platinum Card annually before you can even think youre going to receive an invitation to join the Centurion Card membership.

    Its the false scarcity tactics that American Express uses that makes their Centurion Card offer, in your minds eye, one of the most prestigious credit cards on the market today.

    Having said that, if you want to get this elite credit card in your wallet someday, the first step is to apply for the elite rewards offer theyve got for you, The Platinum from American Express card.

    This is a platinum credit card offer that gives you elite luxury benefits such as 24 hour concierge service and access to airport lounges and a lot of other luxury perks and benefits, not to mention bonus miles rewards points.

    The most prestigious credit cards such as the Centurion Card are made of materials other than plastic, so the elite black credit cards are very unique and instantly recognizable, giving you instant social status respect.

    The respect you gain from the most prestigious credit cards such as the American Express Centurion black credit card or the competing offer, The Visa Black Card, gives you instant VIP status in the eyes of everybody that sees your card.

    The respect you get when you are a cardholder of either one of these most prestigious credit cards, either the Centurion Card or the Visa Black Card, goes a long way in you getting better service at hotels, restaurants, or any other venue for that matter.

    When you are a cardholder of one the most prestigious credit cards, everybody, in every social or business situation will notice and consider you to be one Very Important Person (VIP), because not everyone can qualify for such an elite credit card!

  • July 14, 2018 /  Credit Card
    3

    While cash is not going away anytime soon, having a bit of plastic is all but necessary in today’s society. Banks are increasing the costs associated with debit cards and other accounts, so people are choosing to utilize credit cards for their transactions. Check out the suggestions provided below to pick up some great ideas for using credit cards more effectively.

    If you have bad credit, try to get a secured card. Secured cards require you to pay a certain amount in advance to get the card. This means that you are borrowing from yourself and then paying interest to do so. It isn’t the best, but it can help to repair bad credit. When you are going to apply for one of these secured credit cards, make certain the company you choose is reputable. Down the road, you may even be able to switch to an unsecured (regular) credit card.rd.

    We have all experienced it: You open your mail to find another credit card offer. You might be looking for a credit card, however, it is far more likely that you are not. Just remember to destroy the mail before you throw it in the garbage can. Treat it like the important document it is. This is because many solicitations include your personal information.

    Resist the temptations that credit cards pose. It’s hard to resist this temptation while knowing you could get away with charging thousands of dollars worth of purchases. This can make you have trouble financially and that’s serious. Reduce impulse purchases by taking at least 48 hours to think over any large purchases before placing an order.

    Limit the number of cards you apply for. Having many cards can make it difficult to keep your finances in check. You are also more likely to end up in debt because of the large amount of unsecured credit you have available to you.

    Tell the credit card company if you’re planning to travel or make large purchases with your card. If you are traveling out of the country or buying something with a big price tag, it is a good idea to let your credit card company know ahead of time. This prevents the company from blocking transactions due to suspected identity theft.

    You want to not only avoid late payment fees, but you also want to avoid the fees tied to going over the limit of your account. Both fees can be very pricey, both to your wallet and your credit report. Watch carefully and don’t go more than your credit limit.

    Credit cards are growing as the electronic medium of choice for many individuals who prefer them over the increasing regulations and fees of debit cards. When you look at how big they have become, you will be able to gain benefits from credit cards and what they offer. Make use of credit cards in a responsible way by keeping this article’s advice in mind.

  • July 11, 2018 /  Credit Card
    7

    The offers to make money as you spend money are quite enticing to the modern consumer. With a cash back credit card, you can earn percentages that can reap rewards at the end of the year. So to choose the best cash back credit card for you, here are some questions that you will want to ask.

    1. What counts toward the cash back?

    While it might seem that any purchase or addition to the overall cash back credit card balance would reap rewards, this is not generally the case. Many times, balance transfers and cash advances do not contribute to the percentage back. If you think that you will be using the cash back credit card for those purposes, youll want to see if you will be rewarded or not.

    2. How much cash back are you receiving?

    Of course, if youre looking for a cash back credit card, youll want to choose the one with the highest amount of percentage that you can get back. And the cards vary widely in this respect. Look at several cash back credit card companies to see if one seems particularly high.

    3. Can you increase your cash back?

    Besides increasing the overall balance and contributing to the cash back, some cash back credit card companies also encourage customers to frequent certain retailers to get a larger cash back amount. If you already go to these establishments, these cash back credit card companies might work out better for you.

    4. How can you redeem the cash back?

    When youre using a cash back credit card, you want to be able to get your rewards as frequently as possible. There used to be a time when you had to wait until the end of a twelve month cycle to receive the benefits, but it has changed. Some companies are now allowing customers to redeem their cash back as payments against their balance or to contribute to a charity as frequently as certain amounts are accrued.

    5. What are the fees?

    As with all credit cards, youll want to be sure that the cash back credit card you sign up for doesnt charge a large fee that actually upsets any rewards that you might be receiving. Try to find a cash back credit card that doesnt make you pay for your cash back.

    With a cash back credit card, you can earn a little money as you spend for things that you already need.

  • July 8, 2018 /  Credit Card
    4

    Dubai is counted among some of the richest economies in the whole world. Dubai has a much higher per capita income in comparison to various other countries. At present, no one wants to carry large amount of cash with him. Credit cards are a great way to pay at various places. Credit cards provide freedom to people with respect to move without carrying large amount of cash with them. There are a large number of credit card users in Dubai.

    Most of the credit card holders in Dubai prefer to use visa credit cards. There are a lot of benefits associated with using a credit card having a Visa logo. Visa credit cards are accepted at most of the restaurants, hotels, shopping outlets etc. It is very rare that some famous restaurant or hotel in Dubai does not accept payment through a visa credit card. People take visa credit cards as a status symbol now days.

    HSBC credit cards are also very popular in UAE. Various people in Dubai are availing the great services of HSBC credit cards in Dubai. These cards provide various advantages to the customers. You will get a lot of cash back and other schemes with HSBC credit cards. There are various types of credit cards offered by HSBC in Dubai. HSBC Premier credit card, Platinum visa card, Gold credit card, Classic credit card are some of the credit cards offered by HSBC in Dubai.

    The cards are categorized according to their credit limit. Usually the bank offers credit cards with high credit limit to its old customers who have a history of huge money transactions through that bank. With time, banks increase the credit limit on your existing credit cards. HSBC Amanah Credit Card has become very popular in UAE. HSBC credit cards are made after understanding the requirements of the credit card users in UAE. This is the main reason behind the success of HSBC credit cards in Dubai.

  • July 3, 2018 /  Credit Card
    12

    Prepaid Credit Cards in Germany, Holland, Belgium and United Kingdom

    Prepaid Credit Cards in Germany, Holland, Belgium and United Kingdom are not so widely
    used and known as the “normal” credit card and Debit Cards from providers like MasterCard,
    Visa and American Express.

    Credit Cards and Debit Cards: what is the difference ?

    The Credit Card is a facility the bank gives the cardholder to spend money to a limit and
    charge the customer afterwards. Most banks ask for a proof of income and address besides
    a copy of passport, drivers licence or ID card and utility bill. This card can be used worldwide
    everywhere it is accepted.
    The debit card does not have a credit limit so the cardowner must preload the card with cash
    before it can be used. Debit Cards are also known as prepaid cards. Because this cardtype
    has no credit facility you do not need to give a proof of income .
    The biggest names is this branch are MasterCard, Visa, American Express and Maestro.

    What is a Prepaid Credit Card ?

    Simply said: a Prepaid Credit Card is a credit card without the credit facility. It is also called
    a secured card. The cardholder must upload cash on the card before using it.

    Prepaid Credit Cards in Germany

    In Germany the Prepaid Credit Card was introduced for teenagers from 14 years and older,
    off course with the parents permission.
    The XBox Prepaid Card to spend money online was then introduced and the New Yorker
    Dress Card by this fashion retailshop.

    Prepaid Credit Cards in Holland

    Prepaid Credit Cards are not used because the Dutch have a sytem known as the PIN
    ( Personal Identification Number ) transaction. When you pay with your bankcard and pincode
    the retailer pays a fee. The use of the regular credit card is low in the Netherlands. One of the
    reasons is that the Dutch have a bad credit system ( called BKR ) all banks and credit
    providers have access to. When registered your application for a credit card will be rejected.

    Prepaid Credit Cards in Belgium

    Like Holland the Belgians are not familiar with Prepaid Credit Cards. The systems they use
    are called Mister Cash and Bancontact. The payments are done with a PIN number just like
    in Holland.

    Prepaid Credit Cards in United Kingdom

    Unlike Germany, Holland or Belgium Prepaid Credit Cards are more widely used in the United
    Kingdom. To apply for one you have to live in the UK so these cards are limited to one country.

    Is there a Prepaid Credit Card you can apply for in any European country ?
    Yes, since 2009 it is possible to get a Prepaid Credit Card from any country in Europe.

  • June 30, 2018 /  Credit Card
    4

    Aren’t you sick and tired of hearing how “bad” credit cards are and that we should all just cut them up and start living on cash again. Although this sounds nice in some ways, the reality is that we live in a consumer society and credit cards have become a major part of life. The problem is when people don’t know how to use credit cards. Credit card debt is no joke and it can suck you in like quick sand. You can blame credit card companies all you want but in the end its your responsibility to be smart with your money and your cards.

    Credit cards do have a positive role to play in personal finance. If you are smart with it, it can help you better manage and spend your money and it can give you the financial leverage when you need it most. Here are 3 smart uses for credit.

    1. Emergencies

    I do not recommend or encourage anyone to live on credit. its a recipe for disaster. Instead, the best way to use your credit cards is to use it as backup. We all have financial disasters that usually hit at the most inconvenient times. If you don’t have life savings to fall back on then it can really hit you hard. Having a card as a backup can really be a lifesaver and at a fee of about $50 a year, it’s well worth the security that it provides in case you need it.

    2. Controlling Your Spending

    One of the reasons why so many people fall deeper and deeper into debt is because they get caught with their pants down – so to speak. They spend and spend and then fail to make the minimum payments. When interest starts kicking in, its usually already too late and you start sinking. The smart way to use your card however is to pay it off in full every month. Its a great way to control your spending and to now exactly how much you are spending on what. It works really well if you dedicate specific expenses to a specific card – like your groceries. However, the secret is to pay it off in full every month.

    3. Large Purchases

    One of the reasons why businesses like to use credit cards is because it allows you to conveniently make large purchases – even on the internet. We can all get cards with relatively high credit limits and if you have to make large purchases for say a building project or if you buy a lot of stuff online, then its ideal. Once again, the secret is to clear this debt each and every month. On large purchases, the interest can be just as large so make sure you wipe the slate clean every month.

  • June 30, 2018 /  Credit Card
    5

    In case you are feeling bothered about your ever growing credit card debt and believe that theres no longer any escape for you at all, then youre undeniably wrong. You have lots of options on how you can manage your credit right, so you can achieve all the benefits of it in the long run. You may also consider consolidating credit card debt.

    Consolidating credit card debt, when compared with other forms of debt dealings offers you more advantages than you could ever imagine. Rather than announcing debt bankruptcy or debt management that can only help you in a short while, going after this kind of way is definitely much better than the rest. Here are some important tips you need to know about consolidating your credit card debt.

    Since debt consolidation is all about combining all your existing credit card debts and putting them altogether in just one monthly payment, you’ll definitely be able to cut down on excruciating interest fees that further add even more debt to your credit and to your name. You can even make the payment methods much faster through this kind of method so you will also be able to make the most out of your debt as well as your credit score.

    The best thing to learn about consolidating credit card debt is it has various forms to do it to maximize its benefit. Therefore there isn’t any strict approach on how to do it and it is as flexible as you can possibly ever imagine. For example, there are several zero or low interest options available, or equity loans that you can use as a homeowner, or you can also go after obtaining a personal loan, which ever you consider will benefit and help you most.

    If you are seriously thinking about consolidating credit card debt and you have already made up your mind as to which of these types of debt consolidation choices to go after, then its now time for you to call your creditor to go over other options that you might have. It is important that you will settle all your debts on time, but more than that, you also need to make sure that you can maintain your credit rating as a credit card holder of the company.

    If you can follow all of these tips, then you can be assured of that you won’t experience any problems in your future expenses.

  • June 30, 2018 /  Credit Card
    2

    Business credit card fraud involves the use of plastic card details to make purchases or withdraw cash without the business owner’s permission. The Australian Crime Commission estimates that serious organised crime costs Australia between $10-15 billion every year. In 2008, the Australian Bureau of Statistics reported from their survey of fraud 499,500 victims of identity fraud in the preceding year, the majorities (77 per cent) were a victim of credit or bank card fraud.

    In 2009, information was the most commonly sold item in the underground economy. Criminals may couple this information with details harvested from social networking sites to commit frauds.

    Criminals may hack into databases of account numbers, which are held by Internet service providers or other businesses with customer information, or by intercepting account details, which travel in an unencrypted form. People engaged in card fraud may also be linked with numerous other organised crimes.

    The Australian Bankers Association also warned merchants over credit card fraud. Recent data revealed business credit card fraud was increasing. Steven Munchenberg, chief executive of Australians Banker’s Association, says criminals are constantly seeking new opportunities to defraud, and the rise of online retail provides the perfect platform.

    Mr. Munchenberg says the focus is not just domestic, because a lot of the fraudulent transactions are being done offshore via the Internet. Figures from the Reserve Bank indicated that Australians, of which the majorities are business credit card holders, make more than 152 million card transactions on a monthly basis.

    The Australian government warns small-business owners to be aware of fraud. In 2011 to 2012, more than 1 million fraudulent transactions were reported. Scammers are known to disguise themselves as government agencies (Australian Taxation Office) and send emails requesting confirmation of details. The Australian Taxation Office will not send an email requesting you to confirm card details. Business owners can receive a legitimate-looking e-mail or invoice with payment details. The Australian Competition and Consumer Commission warned small businesses about government scams.

    The ATO recommends you make sure you keep your business’s tax file number and passwords secure. The Australian Crime Commission estimates that serious organised crime costs Australia between $10-15 billion every year. New data revealed business credit card fraud was increasing.

  • June 28, 2018 /  Credit Card
    6

    Credit card rewards programs have come a long way. At first, they were reserved for the elite credit cards, which mostly required high priced annual fees to participate. Now, most every credit card has a rewards program, and most every program doesnt even require an annual fee. Thats the beauty of rewards programs nowtheyve become a major way for credit cards to compete for your business. So you should take advantage of your opportunities and get the best rewards program possible.

    1. Experience Rewards

    The first thing you should know about credit card rewards programs, though, is that todays are not your grandmothers rewards programs. Today, you can basically get anything that you want as a reward. This new system is sometimes called “experience rewards”by which you can practically name anything as a reward to the credit card concierge, and he or she will tell you then how many rewards points you need.

    2. Is it for You?

    Of course, you should know whether or not you need such extravagance. If you dont have the time or the inclination to, say, ask for an experience reward like an African safari, then these fancy cards are not for you. You may be better off looking for cash-back rewards programs, or a smaller scale travel rewards program with no annual fee.

    3. Are You a Dedicated Customer to a Particular Brand?

    A third aspect of rewards programs to know about are the very specific cards out there from, for example, a specific car maker or a theme park company. Usually, rewards from these programs go to free or discounted items from only that particular company. That makes these cards only worth it for very dedicated customerssomeone who only buys GM cars, for instance, or someone who regularly visits Disney parks or stores.

    4. Shop Around for the Best Deals

    Whatever type of rewards program you pick, you should be sure youre getting the best bang for your spent dollars. Many average programs offer 1 reward point for every dollar spent, or 1 percent or less cash back for every dollar spent. If you shop around for specials, however, you may be able to find even better deals in rewards programs.

    5. Know the Ins and Outs of Your Deal

    Lastly, never pass up the chance to beef up on your rewards points. Most cards offer chances to load up on points through special promotions. They may, say, offer triple rewards points during the first six months you have the card, or offer more cash back if you shop at specific stores or eat out at restaurants. Know these deals. Take advantage of them!

  • June 21, 2018 /  Credit Card
    7

    Prepaid debit cards are a good alternative to credit cards for anyone who is trying to control their spending. A prepaid debit card allows a consumer to deposit their money into a virtual account that can be accessed through a debit card. Once the funds are depleted, the consumer cannot spend anymore.

    Unlike a credit card, a prepaid debit card does not allow a consumer to spend money he or she doesnt have. This prevents the consumer from racking up debt that he or she cannot pay off. Additionally, there is no interest charged on a prepaid card, and no bills to pay at the end of the month.

    All these make the prepaid debit card a more responsible tool for budgeting and spending money, at least compared to a credit card.

    In addition to controlling spending, many people like to use prepaid debit cards to send money abroad or give a gift to a relative or friend. Since these cards are easy to load and mail, they are ideal for people who need to send money abroad. In fact, they are safer than sending cash or checks through the mail, since many cards are able to be re-issued if the proper paperwork is kept. These debit cards can be used in many countries. A Visa debit card is particularly convenient since it can be used at thousands of stores and restaurants that also accept a Visa credit card.

    Unlike credit cards, debit cards do not charge interest, but there are a few fees involved with using them. Just like a checking account at the bank, most prepaid cards will charge a maintenance fee once a month, as well as a small transaction fee when the card is used. Prepaid cards such as a Visa debit card do this in order to recoup their costs for issuing the cards and transferring the money from the card to the merchant or to other accounts. However, these payment and transfer fees are very low compared to those charged by banks for similar transactions.

    All in all, prepaid debit cards are a great way to control spending through the holiday season, an excellent alternative to a high fee checking account, and an inexpensive way to transfer money to relatives and friends abroad.