• January 12, 2018 /  Credit Card

    Finding a credit card that advertises high credit limits is not a very difficult process. However, getting a credit card with a high limit is a lot more difficult these days than it was in the past.

    A year ago, before all the credit crunch problems began, credit card companies gladly handed out very high limits to consumers. Over the past year, though, the number of credit cards advertising high credit limits has decreased significantly. Despite the reduction in advertised credit limits, it is still possible to get initial credit lines of $10,000 to $25,000 if you have good credit. Unfortunately, theres a little glitch in the process.

    We contacted every major card issuer to inquire about credit limits. We found some issuers that offer very high limits and others with average to low limits. Despite these differences, every single credit card company we questioned provided the same answer to the $25,000 question. That is, when asked what the credit limit wed receive was, we were told that the only way to find out your credit limit is to complete the application.

    No matter how high your credit score or how clean your credit report, the credit limit you receive from a bank will vary based on a wide range of internal factors. These secret recipes for determining credit limits also vary widely from bank to bank. For example, one bank may only deem you worthy for a $5,000 credit limit, while another may offer you $15,000. The basic deal is this: apply first, get your credit limit later.

    On our website, we list offers from credit card companies that advertise their credit limits. Unfortunately, you wont know if you were approved for a high limit credit card for anywhere from a few days to a few weeks.

    Fortunately, there are a few maneuvers you can make to get the available credit you want quickly. The first option is to apply for two or three cards that advertise high credit limits. When the cards arrive in the mail, activate the card or cards that offer you the best deal on interest and the right credit limit. If you desired a $10,000 credit limit and you got approved for two cards with $5,000 limits, than you could use those cards together to meet your needs.

    Ultimately, getting a high limit credit card takes a little patience and the implementation of a strategic approach. Applying for multiple credit cards is, in our estimation, the best way to get the credit limit you need on a credit card (or credit cards) with the best rates and terms.

  • January 10, 2018 /  Credit Card

    What Is Phishing? All new technologies come with their drawbacks and it is no different with credit cards. One of these drawbacks goes by the name of Phishing. When a person uses a fraudulent email or online shopping site to get hold of information about your credit card or bank, it is called phishing.

    Phishing is easy which is why it is so popular with thieves. In the first instance, it begins with a cleverly phrased email that seems to come from your credit card company or your bank. It usually asks you to provide confidential details for verification. It may also threaten to close your account unless you give the necessary information. Another popular method is to set up fake shopping websites that only accept online credit card payment. You will never get the goods that were displayed. If you comply in either instance, you will end up with a highly inflated credit card bill and a sadly depleted bank account statement.

    How To Protect Yourself From Phishing?

    The best way to protect your credit card from phishing is to reveal information only after cross checking. Often, all you need to do is contact the concerned bank or company and confirm the email. A detailed scrutiny of the email before dashing off a reply also helps. Such emails usually do not have a salutation like ‘Dear Customer.’ The name of your Credit Card Company or bank will also be spelt incorrectly. Since anti-phishing scanners search text messages, phishers may enclose the message as an image. If your credit card requests are contained in an image, be doubtful.

    In case of online shopping sites, beat the tricksters at their own game. For a first time purchase, use a credit card that is about to expire and has minimum credit. If the purchased item does not land at your doorstep within the promised time, at least your losses will be limited and you can be sure that the information cannot be used to perpetuate a bigger fraud.

  • January 6, 2018 /  Credit Card

    There are various kinds of credit cards available in the market at present. Prepaid credit cards are getting more and more popular now days. However, many people do not have any knowledge about prepaid credit cards. A prepaid credit card is allotted to a customer by a bank when he deposits a certain amount of money in his prepaid credit card account. An individual can use this card at all the place where he can use a normal credit card. However, in case of these cards, one cannot spend more money than he has in his credit card account.

    It means that these cards have no risk of spending more than what you have. These cards work on the same principle, on which debit cards works. As you can spend only that much money which is deposited in to your account, there is nothing like interest charges associated with these cards. There are a number of banks available in the markets, which are offering such cards to their customers.

    ABN AMRO bank is famous for offering various types of credit cards to a large number of customers. It offers credit cards to its customers according to their requirements and profile. ABN AMRO credit cards can be used at a large number of places. The prepaid credit cards offered by this bank are used by various people. These cards offer a lot of benefits to the customers. For instance, parents can give these cards to their children. Most of the parents hesitate to give regular credit cards to their children because they may spend a lot of amount through them. The procedure for getting an ABN AMRO prepaid credit card is very simple. You just need to contact your nearby branch of ABN AMRO Bank and after the completion of a few formalities; you will get your prepaid credit card.

  • December 27, 2017 /  Credit Card

    Many people consider that credit card is a symbol of wealth and it can be a wonderful financial tool that offers great benefits for those who utilize it to their advantage. If you have strong self discipline to clear off your outstanding every month, holding a card makes a great financial sense to you. However, temptations to overspend and live beyond one’s earning ability are the main risks that cause the card holders to be burdened by deep debt.

    Purchasing online and swiping the credit card during shopping are really easy tasks and you are definitely enjoying the moment. However, if you don’t have the ability to pay for the amount you swipe based on your current income, within a short period, you will find yourself drowning in debt. Not being able to pay back on time can lead to the damage of one’s creditworthiness and it is hard for obtaining other loans in the future. Although you won’t be sued for bankruptcy by the banks as credit card debt is an unsecured debt, it is hard for you to obtain any financial aid for other important purpose and the possibility to be blacklisted by the banks and financial institution is high.

    Besides, you may also face the risk of identity theft. This happens when someone may obtain your credit card details and use them to make purchases online on your behalf. The purchases may be huge amount and you will be facing difficulty to prove that you never make the purchase. Normally in this type of situation, you will not be able to use your credit until the detailed investigations are done by the bank or credit card companies. Although the banks will not hold you responsible for such transactions, it is troublesome and time consuming for you to settle the case.

    To sum up, there are some risks you need to bear when you are holding the credit card. It is important for you to handle the usage in a careful and responsible manner.

  • December 25, 2017 /  Credit Card

    The new offer includes the Abbey; 0 percent on balance transfers for 13 months 5 percent cash expenditure on supermarket, until July 31, 2008, for new customers The cash offer has been extended until March 31 for existing customers

    The zero per cent on balance transfers for 13 months is available on 3 December for all new customers credit card. Abbey has also extended the popular supermarket cash offer new customers – a request for the opening of the Abbey credit card can get refunds until the end of July, and existing customers until the end of March. five percent return applies to the first 1000 the value of purchases from large supermarkets bought Abbey with a credit card. Managing Director of the Abbey credit cards, Roger Lovering, said: “Our cash rear proved to be very popular and therefore we decided to extend the offer for both customers new and existing. Those who have already signed with the offer we will be extended until the end of March, giving them more time to reach their limit of cash. New customers have until the end of July. “For those who prefer to use their cards to manage debts, we offer a competitive 13-month interest-free period onbalance transfers. This is part of our strategy to increase their market share and keep. The cash offer was welcomed as innovative, and we have more new ideas for next year. This is the model that uses Santander and one we know will strengthen our position as a serious challenger for the “four”.

    Virginia writes for the Virgin credit card.

    thevirgincreditcard.co.uk is still one of the best UK credit cards and offers 0% on balance transfers. The Virgin credit card could be the perfect solution if you have other credit card balances to transfer. Get 0% on balance transfers for 20 months! With the Virgin credit card, you could get an instant decision today!

  • December 24, 2017 /  Credit Card

    For anyone who owns an online store, they know how difficult it can be to process credit cards and avoid high fees associated with having this type of account. One of the major issues that online business owners have to deal with is the fact that they need to pay into high fees just to be able to get paid for an item that one of their customers has purchased. This is just one of those things that can really put a damper on any type of business and cause it to fail because it is not making the money that it should.

    One of the best things any online business owner can do is to make use of credit card merchant processing and to open a merchant account. Merchant accounts allow people to process their credit cards so that a business owner knows they are getting a valid payment and that the card being used by the customer has the money on it for them to afford the item. The business owner will not have to worry that the items are being purchased using a fake card and the owner also doesn’t have to pay into very high fees just to have that card processed for them.

    The best thing for any online business owner to do is to consider credit card merchant processing for themselves and to open a merchant account that has good fees. The first step is to look around for a merchant account that is a good fit for the needs of a business owner. The interest fees and processing fees should be low so that it is a lot easier to afford in the long run. Once the account has been opened, it can be integrated into the actual website so that it will be used any time a person tries to purchase something.

    While many business owners do not know what credit card merchant processing and what this type of account can do for them, many other owners have found that their merchant accounts have helped to save them hundreds or even thousands of dollars. The best thing to do is to consider opening an account like this that has good interest and processing fees that are incredibly easy to afford. From there, customers will only be able to use valid credit cards that have been verified before the purchase is able to go through on the Internet. This is one step that all business owners should take for themselves simply because of how beneficial it is for them to verify the accounts and cards before they ship out the items that have been purchased.

  • December 23, 2017 /  Credit Card

    Hopefully these tips and strategies for consolidating credit card debt will help you to save good amount of money. Instead of paying too much cash to your creditors, simply put all those savings straight to your packet. So here are some tips and strategies for consolidating credit card debt that could help you save some money.

    Firstly you have to sacrifice by cutting off some of your regular budget. You have to be committed and be concentrating on paying off the debt. The quicker you can possibly pay back your debt the lesser the interest rate you’ll be paying to your lender. Always do not forget that the more time you take in paying off your debt, the more in which it will cost you so the more you will remain in more hardship in paying off the debt. When consolidating credit card debt by switching multiple credit cards within one credit card.

    When you choose to move to another credit card, this strategy would really help you if the new credit card offers a lesser interest rates compared to the existing credit cards interest rates. I know you get the idea on how you would save money with this tip. Another advantage youll get is there are offers by credit card companies that once you switch your existing balance into their credit card, they normally grant a very low introductory rate and even at times a 0.00% introductory rate which often runs for 6 months and upwards will be given. This is really effective only in the case you have the intention in paying these debts you owe in the time period when your introductory rate is yet lower. Keep in mind that the disadvantage with this method is when the introductory rate is finished, theres a huge possibility that the new interest rate would be greater compared to the interest rate you had in the past.

    Thirdly when consolidating credit card debt, you may choose in this strategy. You could get a debt consolidation loan which offers a lesser interest rate when compared to your current interest rates. Then you could pay the debt with this debt consolidation loan. Yet always take into account that it also has a disadvantage if youre failing to pay what you owe. A few loan services may get your property that you had signed up as your collateral.

    Our final useful tip to you for consolidating credit card debt is when you have your own house, you might have a home equity loan to repay the credit card debt. You might in fact be able for a tax deduction which you wont most likely get if your debt is with your credit card. Check out the cost benefits of this kind of loan so for you to get the benefit in the long run. But bear in mind that your own home is the collateral if you ever do not pay out the debt.

  • December 20, 2017 /  Credit Card

    In todays world, there’s no doubt about how important to people the credit card has become over recent years. Providing you can manage your debts; is there anything wrong with using your credit card to have what you want right now.
    One of the most popular brand names of credit cards in the market today is the Chase credit card. Accepted around the world, the Chase credit card is similar to many others. Aside from Chase credit card, the company also offers travel cards, Auto & Gas cards and student cards.
    So there are a number of reasons to have a Chase credit card all of which will be of great benefit to the user over time. Probably the most used feature is its online capabilities used by workers and other people that have little time to go out shopping. Using the web site, secure of course means that managing your finances is only a few mouse clicks away.
    For some people, the ease with which they can go online to manage their account is the only excuse they need to own a Chase credit card. If you are looking to save money then Chase offers waived membership fees along with other introductory deals including low APR’s.
    There is more than one type of Chase credit card and loyal customers can expect to be rewarded when they use the card. For those that don’t fly but still want rewards then they can have a version of the Chase card that will award you points when you spend any money. These points will then enable you to purchase from a Chase credit card catalogue and they will have your chosen item shipped to right next to your doorstep! There are holidays, plus other well sought after rewards and all at no charge to you.
    Chase credit cards know that if they look after their customers they won’t lose them; a philosophy that many companies could learn from. Well all like our gifts but knowing that no matter where you are or what you are doing there is someone to talk to if you need them can often mean much more than material goods. You will really appreciate this if you are abroad and your card is lost or stolen because a new card will need to be sent to you as soon as possible.
    If you are thinking about transferring your balance then this is the way to do it with a guaranteed six month zero percent interest rate which also incorporates current purchase balances as well. A no annual charge policy and if you pay your bill in full, there will not be any other interest charges to pay. Having a Chase credit card also allows the holder to earn cash rewards on purchases. If you are considering transferring your account or balance, it is easy over the internet with the secure server.

  • December 16, 2017 /  Credit Card

    Credit card machines or credit card terminals allow doing transactions by means of the credit card. Every business that aspires to grow into a larger business should have the ability to handle credit cards. Today, money orders, cheques or cash are simply relics. People hardly use them until and unless the power goes out. Also, banks encourage the use of credit cards to. Once you get a card terminal, you will realise how you can make more profits with it.

    Why a business needs card processing systems

    A cash transaction using credit cards involve a lot of players. However, in the end, no matter how complex the system may be, getting credit card machines will improve your sales greatly. It is indicated that the moment you gain the ability to accept cards can increase the sales by 23 percent. Therefore, your products will get a larger market. It also improves cash flow, improves productivity, decreases operational costs and enhances your business image.

    How the system works

    The card payment processing terminal communicates with the bank via a telephone line. It can do the same using the internet connection too. The connection may be wired or wireless. But, usually, the telephone line is used. Some card terminals can also use cellular networks and can do transactions using the GPRS. The credit card information is entered by inserting or swiping the card. It can be manually entered too. This data is then transferred for authorisation and authentication, after which it is funded. Some credit card machines cache the data as authorization might not be available immediately. After the connection becomes available, the payment is processed.

    As mentioned earlier, there are many stages involved in how the system works. The customer first chooses a product and buys it using a credit card. The moment the credit card is swiped and the transaction details are provided in the card terminal, the card-issuing bank checks if the data is valid or not, and if there are enough funds to make the purchase.

    After the card data is authenticated, the bank sends the payment processor system an authorization code. This authorization is send to the card terminal, where receipt is printed for the customer to sign. The entire process takes only a few seconds.

    The issuing bank will then transfer the appropriate amount electronically to the merchants account. Thus the payment is made.

    Getting the right machine

    There are different types of terminals for credit card machines. Each of these terminals are designed with a specific functionality in mind. Sometimes, the terminals need portability, like in restaurants, while at other times, they need to be fast, like in departmental stores, where there is a long queue. As for the functionality, all include basic transaction and cash back functionality, along with gratuity functionality, pre-authorization and currency conversion.

    So, getting credit card machines makes a good business sense. It will help you enhance the customer service and give your business an edge over the competition.

  • December 1, 2017 /  Credit Card

    There are certain things in life that you will wish to avoid if you want to have a secure financial present and future for yourself and your family. Credit card debt is certainly one of those things that you should be avoiding. People do not always realise or think about it but keeping an outstanding credit card balance is one of the most expensive financial arrangements you could possibly subscribe to. If you have even an average interest rate, and not too much of an outstanding balance, you could be wasting literally hundreds of pounds a year by not paying off your outstanding balance in full each month.

    There are also other problems with keeping a high amount of credit card debt. You will be making your credit rating worse for one thing. And this is something that you should be concerned about. Credit providers, banks, insurance companies and even employers will use your credit rating as a means of assessing your financial standing. If you have a very high outstanding credit card debt, or are close to your credit card debt limit, this will be regarded as a negative in the assessment of your credit score and for this very purpose, it is something that you should be attempting to avoid.

    A lowered credit rating will cause you to receive worse terms and offers for future credit. For example you may get

    Higher interest rates
    Less favourable terms
    Lower credit limits
    Refusal of credit

    If you wish to avoid one or more of the above out comes, you should be trying to keep your credit card debt under control. One way to do this is to simply stop using them. Discipline yourself, or if this is too difficult, take the credit cards that you are using, out of your wallet or purse, so that you cannot give in to the temptation of using them. This way, the amounts you pay back will start to reduce your outstanding balance and you will get things back under control.

    Another thing you should be making sure that you are doing is repaying more than the minimum repayment on your monthly bill. Many cards allow you to repay just the interest, and if you are doing this, it means that you are repaying none of the actual outstanding balance each month so even if you stop using the credit card, you will not be paying them off. You are simply servicing the debt. You should make sure that you are paying back the credit card balance over a reasonable period.