Google

วันศุกร์ที่ 29 กุมภาพันธ์ พ.ศ. 2551

How to Spend Your Credit Card Cash Back Money

How to Spend Your Credit Card Cash Back Money

by Robert Alan


It's a little bit exciting to get credit card cash back money. After all, you already made those credit card purchases and forgot about them so it's not like you're really expecting to get anything else. The cash back credit card offers you a little bit of a reward in addition to your purchase so that you can have some spending money in your pocket. But what do you want to spend that money on? Different people find that different purchases can make their cash back credit cards really benefit them.

Pay Your Credit Card Bill

Some people find that the best use of their credit card cash back money is to pay off their credit card bill with it. Many cash back credit cards make this easy by offering that as an option in your rewards package. In other words, when you sign into your online account to see what your dollar amount cash back is, you'll also see an option to "use this amount to pay your bill". This allows you to save the money that you would've normally spent on your monthly credit card bill and to use it for something else down the line.

Get Rewards Other than Cash Back

Many cash back credit cards offer a certain percentage of your purchase amount back to you in cash but will give you more than that amount if you choose another reward. For example, you might get 3% cash back on purchases. Let's say that you've earned enough off of that to get $100 cash back. Your credit card company might offer you the option of choosing a $150 gift card instead of the $100 cash. This lets you actually get more from your cash back credit card companies than you would have thought to begin with. However, it's only good for people who are really interested in the items or gift cards that are available through the rewards program.

Gifts for Others

Perhaps you'll find that there are gifts in these rewards programs that are better for someone else than they are for you. When it comes time to buy gifts in bulk, such as during the holidays, you can cash in your cash back credit cards points to get a bunch of gifts for other people. Since that money was just sitting on your cash back credit card, it almost feels like you didn't have to spend anything to get nice gifts for the people that you care about.

Something Nice for Yourself

There are some people who find that the best thing that they can do with their credit card cash back money is to use it for giving themselves a gift. After all, your credit card purchases usually don't go to things that spoil you. They go towards buying groceries and paying bills and taking care of daily expenses. When you make a commitment to spending your cash back money on a treat for yourself, you really reap the emotional benefits that can come along with having a cash back credit card.

Savings Accounts

Other people find that what they want most from their cash back credit cards is a little financial security. They take the money that they get in cash back and they use it to start a savings account. Every time they get more cash back, they add to that account. They're not spending anything but they're allowing their money to work for them.

what to look for in balance transfer credit cards

what to look for in balance transfer credit cards?

by Michael Benifez


Credit card debt can be an easy problem to get into, but getting out of debt is a completely different story. Getting out of debt can be a long process, especially because of high interest rates that are charged on by credit card companies each month.

One easy way to lower your debt on credit cards is to take advantage of balance transfer cards, since you can save money by avoiding high interest fees.

What is a Balance Transfer Credit Card?

A balance transfer credit card is just like any other credit card, but gives the option of allowing you to transfer balances from other cards to your balance transfer card. The balance being transferred must be lower than the available credit on the transfer credit card, and various balances from different cards can be transferred as long as the available credit is high enough.

What is the Purpose of a Balance Transfer?

The main purpose of transferring balances from one card to another is to save money by avoiding interest charges. Many transfer cards will offer an introductory period with 0% interest, meaning that each and every payment made on the card will go directly toward the balance and not interest fees.

Credit cards allowing for balance transfer without 0% interest rate periods can also be beneficial, as long as they have lower interest rates than the original cards with balances. These type of cards can also consolidate several credit card bills into one, as long as the available credit is high enough to accommodate balances from several cards.

What to Look for in Balance Transfer Credit Cards?

If you are looking to lower your monthly interest payments, getting a credit card where you can transfer the outstanding balance of your other accounts is one of the best options. The only problem is that some cards will actually end up costing you more in the long run, because of fees and charges that may be included in the fine print.

You will want to apply for a card that does not charge a fee for transferring balances from other cards, or at least one that only charges a small fee for each balance transferred. You will also want to look at the interest rate on the card, because you will end up paying more in the long run if the interest charges are higher than your other cards.

Although an introductory period of 0% interest can save you a great deal of money at first, you will want to also take into consideration what happens after the introductory period ends. Interest rates can sky rocket, and they can even be charged from the date the balance was transferred, but this all depends on the rules and regulations outlined by the credit card issuer. The balance may also need to be paid off in a certain period of time to avoid any penalty fees, so you may end up paying more if you don't read the fine print.

Balance Transfer Cards are They Worth it?

Having a credit card where you've consolidated all the balances of your other unsecured purchases can definitely be beneficial, as long as you find the best card for your personal financial situation. You'll need to calculate whether or not a balance transfer card would save you money, by taking all interest charges and other fees into consideration.

A credit card needs to be used carefully and one allowing for transferring of open balances is a great option as long as you can save money, and can help consolidate debt from several credit cards and lower the interest rate all into one account.

Finding cheap credit cards with online comparison services

Finding cheap credit cards with online comparison services!

by David Yuri


Ever since the Internet appeared for the first time, it was obvious that we were going to benefit extremely from this technology. As years passed, the World Wide Web developed, encompassing more and more subjects, accessible from any part of the world. Today, many years after the Internet was introduced, we have the liberty to do our shopping online, inquire about banking services and get assistance for personal finance solutions. It's incredible how much farther we have advanced and that is especially valid for the financial industry!

If you were to search the web for personal finance solutions, you would probably be amazed at the number of websites provided with a simple search. However, most Internet users are interested in finding one resource to help them with all their needs regarding personal finance. They perform an extensive research on the Internet and they are provided with a detailed finance directory, including accounting services, consulting specialists and corporate finance solutions. When it comes to accounting, there are plenty of accountancy firms displaying their services on such websites and they all promise to be the best. You compare and decide which one is the best!

Personal finance is an extremely vast domain and with the advent of the Internet it has been diversified even more. You have professionals that act as intermediaries between you as a lender and various creditors, financial advisors for potential investors and debt consolidation issues, not to mention a wide array of consultants specialized in long term care solutions. As you can see, the range of subjects covered under personal finance is incredibly diverse and you can resolve more than one problem by using such a website. You might be interested in refinancing possibilities, the stock exchange or even in corporate acquisitions - all the topics are presented online, along with the services of true experts for your own benefit.

If 'cheap credit cards' represent the subject of your choice, then you can use such online resources to discover the entire range of credit card providers and their available offers. Knowing the increased use of the Internet, credit card providers have started to present both their services and offers online, including online application forms to the client advantage. At the same time, you can inquire about credit cards rates and potential charges, learn how you can manage your account better and see the advantages of customizable credit cards. The comprehensive information presented includes tips on saving money, benefits of various cheap credit cards and answers to important questions.

Many people wondered if the Internet was the best way to find and select a credit card; after using such services, they were convinced that they made the right choice. The truth is that the Internet represents a great way to compare several providers and choose genuine cheap cards, offering attractive balance transfer rates. When searching for cheap credit cards, you will have to choose a provider and then inquire after the following features: balance transfer rate (preferably 0%), balance transfer period and typical APR. As there are 'purchase' credit cards presented as well, you have to pay interest to the intro rate and intro duration for your own good. Cheap credit cards are not hard to find as long as you use the right kind of services.

Comparison services have become very popular, given the fact that they allow the consumer to make an informed decision. They are used today for finding suitable solutions for personal finance issues, the most affordable loans and also for cheap credit cards. The search can be quickly performed, the available cards being displayed according to the APR (annual percentage rate) or you can decide to go for a more advanced search, where you will be provided with more options. The advanced search takes into account the information you provide, all being listed under the credit card profile. You can now have the credit card that suits your lifestyle and budget, being perfectly satisfied with the financial decisions you take and it is all due to the Internet technology!

Credit Card Fraud

Credit Card Fraud

by Bernard Pragides


Identity theft comes in many forms, but one of the most common types, and also, one of the most destructive, is credit card fraud. Now, you may think you have protected yourself from credit card fraud, but the reality is, there are so many ways in which an identity theft can steal your details and therefore commit this type of fraud, that you may not have protected yourself against every eventuality.

The first thing you need to think about when considering protecting yourself from credit card fraud, is the ways in which people are able to get hold of your credit cards, or personal information in order to apply for one. The first thing you should watch out for is any problems you may encounter with ATM machines. If you notice anything strange about the way the cash machine is working, do not use it and inform the bank or company that owns the machine. The most common thing that seems to happen, is a small card reader is mounted over the slot that reads the card and can be use for copying it, and also a tiny camera which monitors the pin numbers. This method allows the thief to monitor and collect many different card details and Pin numbers to use in the form of credit card theft. This may also happen for the small machines that you use to pay by card in crooked stores, or by a crooked sales cashier.

For more detailed frauds, these identity thieves need more than just card details. They need address and names, and these can be found by rooting through garbage cans. These details can easily be found on utility bills or bank statements. They can use that information, as well as details that can be found with the electoral roles and other data that is publicly available, to perform costly and intricated forms of credit cards.

Credit card fraud can also be performed in the way of lost mail. Thieves have been known to steal post from mail boxes and every year, the postal companies are reporting more and more lost mail. Important documents such as check books, credit cards, Pin numbers can all be intercepted before they reach the owner of the mailbox.

You should also be aware that thieves also use websites to purchase goods, either by way of credit card fraud, or by just using your personal details. Online auction sites should be carefully monitored, and so should sites that store your personal information for any future purchases.

The only way to be protected against credit card fraud, is to be aware. Your documents can be stolen in so many ways, and you need to ensure that you always keep a close eye on your finances.

There are certain insurances you can take out to protect you, if you should ever become a victim of credit card fraud, and it is a good idea to check out these options for further reference.

There are a lot more ways to protect yourself and your family from this type of fraud. The best thing to do is to put it into practice. Remember these thieves wants your most precious possession, your identity. Knowledge is power!

วันพฤหัสบดีที่ 28 กุมภาพันธ์ พ.ศ. 2551

Know How to Lower Your Credit Card Interest Rates?

Know How to Lower Your Credit Card Interest Rates?

by Scott Stadler


Are you currently carrying a large balance on your credit card? Do you ever find it necessary to carry a balance occasionally from time to time? If you can answer yes to either of these questions, now is the perfect time to take a look at your credit card's interest rate and find out if you could be saving big money.

Many times, credit card APR's (annual percentage rates) have a way of gradually creeping upwards while we fail to take notice. It's easy to sign up for a credit card offering a certain low rate only to find the rate has dramatically risen just a couple of years later. The good news is that it's just as easy to reverse the situation if you know how to lower your credit card interest rates. How?

Just Call and Ask

This is perhaps the easiest and also the most often overlooked tactic to lowering credit card interest rates. If you have good credit and have maintained a great record of paying all of your bills early or on time, most credit card companies will be thrilled to lower your interest rate if that's what it will take to keep you as a good customer. Just call the number on the back of your card and see what they can do.

Log In Online and Look for Special Offers

Sometimes the best deals are found online. This holds true for credit cards too. Try logging into your account online and looking for a section covering special offers or promotional offers. The credit card companies often offer interest rate deals right there in the online account center for those savvy enough to find them.

Do a Balance Transfer to a Better Card

If you have little success in lowering the interest rate on your current card, it's probably time to move on to another card that can offer what you need. By transferring your entire balance to another credit card, you can often score awesome promotional balance transfer interest rates ranging from zero percent for a year to a low fixed rate for the life of your balance. Usually these come with a small balance transfer fee, but the money saved in interest alone can be truly astonishing!

Maintain Really Good Credit and the Offers Will Come to You

The better your credit score is, the more likely you'll be to receive the best offers by mail. Credit card companies are known to offer some really awesome zero or low interest deals to new customers with the hope of acquiring and keeping these good customers for life. Some of the very best offers are only made available to a select few with excellent credit. You can take part in this by maintaining superb creditworthiness.

No matter what method you choose to use, knowing how to lower your credit card interest rates can have really fantastic results and save you bundles on finance charges. Keep more of your money!

วันจันทร์ที่ 25 กุมภาพันธ์ พ.ศ. 2551

Credit Card Disputes And Billing Error

Credit Card Disputes And Billing Errors

by sas_upena1


What are billing errors?

Billing errors include:

A purchase you did not make or did not authorize.

Charges for goods or services that you did not receive or that you refused to accept.

Payments you made that were not credited to your account.

Bills that contain mathematical errors.

You can also dispute charges you don't remember making and request proof that the charge was made.

How do I correct errors?

You have 60 days from the date of the statement with the billing error, to write to your credit card company.

Send your letter to the address listed on your credit card statement for billing errors and inquiries. Include your name, account number, and the date and amount of the error. Explain in your letter why the billing is wrong. Request proof of purchase if that is the issue.

Send your letter certified mail return receipt requested for proof of delivery.

Do I have to pay the disputed amount?

No. You can withhold payment of the amount in dispute and the finance charge on that amount until the card company investigates the dispute. You can also withhold the interest payment on the disputed amount.

You must pay the amounts that are not in dispute.

What does the credit-card company have to do?

They must acknowledge receipt of your letter within 30 days. Within 90 days, or two billing cycles, they must investigate your dispute. They must correct their mistake or explain to you in writing why the bill is correct. If you request proof of a purchase, they must provide it to you.

If the credit card company doesn't follow these procedures, they cannot collect the amount you disputed or charge interest on that amount. The credit card company cannot close your account just because you file a dispute.

What if they don't correct the error?

If your claim is denied, or it is a dispute over merchandise or services that are defective or not delivered, you may be able to file a claim under Claims and Defenses.

Can the credit card company take action against me if I refuse to pay?

They can begin normal collection activities, such as referring the disputed amount to a collection agency, or suing you in court.

If you are contacted by a collection agency, send them a letter explaining why you feel you do not owe the money. A collection agency must stop contacting you if you send them a letter telling them not to contact you again. Send all letters by certified mail, return receipt requested, and keep a copy of the letter for your records.

If they file suit against you, you should seek legal assistance. If you file an answer to the lawsuit, you can appear in court and explain why you feel the billing is wrong.

The credit-card company can only report you to a credit-reporting agency if:

You actually owe the amount you disputed, or

They sue you in court and win.

Credit Card Claims and Defenses

Credit Card Claims and Defenses

by sas_upena1


If you paid for defective goods or services on your credit card and the merchant will not resolve the problem, you can file a dispute with the credit card company using a procedure called, Claims and Defenses.

What are claims and defenses?

Claims and defenses are any valid reasons you have for not paying a certain credit card charge. They include billing errors, unauthorized charges, and claims that goods or services were misrepresented, defective, or not delivered.

The credit card company can be held responsible under Federal law (15 USC 1666i).

How do I assert claims and defenses?

You assert your claims and defenses by writing to the credit card company showing that you tried to resolve the problem with the store directly but they refused to remedy the problem. Tell them you are withholding payment until the problem is resolved. Are there any limitations on raising claims and defenses?

Yes. In order to assert claims and defenses, the purchase must have been made in the same state you live in, or within 100 miles of your home. Also, the amount of the disputed charge must be more than $50.

If the credit card company and the business honoring the card are connected, for example, a department store honoring its own credit card, this limitation does not apply. This also applies to advertisements that were included in your credit card statement.

If I've already paid the disputed amount on my credit card, can I still raise my claims and defenses?

No. Once you pay the disputed amount, you cannot assert claims and defenses. If you paid only part of the disputed amount, you can still put a claim in for the remaining balance owed.

Can I use claims and defenses for purchases made on the telephone?

Yes. If you fall victim to a fraudulent telemarketer, who charges your credit card for worthless vacations, investments, or other goods or services, you can use the claims and defenses procedure to dispute these phony charges.

Can I assert claims and defenses if I place an order by phone with a company in another state?

If the company contacted you by phone, the law states that the purchase took place where you received the call.

If you feel the charge is fraudulent, you can refuse to pay and can assert your claims and defenses.

If you contacted the out-of-state company by phone, the purchase is usually considered to have taken place at their location. In that case, you could not assert your claims and defenses.

Is there a time limit for asserting claims and defenses?

If you sue for the amount in dispute, you must do so within one year of the purchase. However, if the credit card issuer or the retailer sues you, you can raise your claims and defenses at anytime.

วันอาทิตย์ที่ 24 กุมภาพันธ์ พ.ศ. 2551

Tips to Cope with Credit Card Debt

Tips to Cope with Credit Card Debt

by Kenneth Chapman


Tips to Cope with Credit Card Debt

Let me say right from the start that this is not a credit card company bashing article, however, it has to be said that many people in the western world are struggling with credit card debt to a degree that some have taken their own lives or become bankrupts. It does not have to be that way and credit cards do not need to be the enemy.

Credit cards can be extremely useful weapons in your financial armoury, used sensibly and correctly they can actually save you money. The added insurances and benefits gained from using a credit card on large purchases such as holidays and furniture or vehicles can be worth a lot. In this respect paying for a holiday (for instance) on a credit card that offers holiday insurance and cancellation insurance for holidays paid for on the card can save you a lot in holiday insurance. If you have saved to pay for your holiday or other large purchase it is advisable to pay for it with your card and pay the money you saved to your card to avoid interest charges. This is also useful as very often the insurance products offered by your card are superior to those being sold by your travel agent. Do this and you not only have 56 days interest free credit and the peace of mind of the insurance cover but you have just saved yourself anything from $40 - $200 on additional products.

They also offer a convenience that is very attractive and these days of course they make a simple way to pay for goods and services online.

Now we have established that credit cards are not evil lets talk about when things go wrong.

Interest rates on credit cards can often appear low, however when you look closely you see that over a long term they are anything but. For short term borrowing they are not too bad but start stretching those payments out and it can become a nightmare. Paying only the minimum repayments asked for by the card company is a mistake, for instance if you have a credit card with $3000 outstanding on it with an interest rate of 17.9% (average for cards) then making only the minimum repayments every month will take over 40 years to clear that $3000 �" that is longer than it takes to pay for the average house. Not only that you will have paid over $6000 in interest, suddenly that 17.9% interest rate does not seem so decent. This is because each month you pay the minimum payment some money (a small amount) will come off the $3000 and the rest pays that months interest. In the scenario above approximately $16 of the $60 minimum repayment would be used to reduce the debt, so the following month you owe $2984 which is less than the previous month so you will pay a smaller minimum payment of just $59.68 with even less coming off your outstanding debt, so what can we do about this.

1. Always Clear The Balance Every Month. Not always possible and certainly not if you are struggling to make the minimum repayments. However this is certainly the cheapest way to use a credit card.

2. Reduce the Interest You Have To Pay This can be done several ways. Firstly if you have good credit standing then you should shop around and get a card offering 0% on balance transfers for the longest period possible and keep doing this at the end of any interest free period. You could also get a cheaper loan from the bank to reduce the amount of interest you have to pay. The likeliest scenario of course is that you are paying the minimum payments as you can not afford to pay any more, if that is the case then consider this; by paying the first month minimum payment at $60 and then instead of paying the slightly reduced minimum payment the next month you just keep paying at $60 per month always the impact on your debt is remarkable. The time taken to pay off the $3000 has reduced by over 33 years to just 7 years and the interest has reduced over $4000 to just over $2000. Of course any increase in you monthly payment can reduce this even further, pay an extra $20 per month and the time reduces to just 4 years 7 months and the interest will only be $1250.

2. Stop Using the Card Immediately Sounds simple, however many people pay off a payment every month and then use it again to the limit. You will never clear any debt this way and it bears saying as a reminder.

3. Contact Your Card Issuer If you are really struggling with making the repayments on a card then please contact your card issuer as soon as possible. It is often possible that while blocking the use of your card to avoid further debt they will come to a repayment arrangement with reduced interest terms for a short period to help you out. If they do not know you are having difficulty they cannot help.

If your credit rating will not allow you to follow the techniques described you should visit the website in my signature link to address the problem and repair or re instate your credit score. Credit repair is possible and can help you to regain your standing with credit companies.

Credit cards in themselves should be used as detailed above for convenience and for the benefits they can provide, they should not be used as a form of borrowing to help you live day to day. You can only benefit from the use of credit cards as part of an overall financial plan and budget

วันเสาร์ที่ 23 กุมภาพันธ์ พ.ศ. 2551

Apply For A Credit Card Tips

Apply For A Credit Card Tips

by Lawrence Fine
\

Credit card as the name itself indicates, offers you credit for charge and allows you to pay for services or products over some period. This period extends from 20 to 50 days calculated from the billing day, and not from the day you acquire the card, it is interest free. Today credit cards not only provide you the shopping convenience and safety but also provide you with civil liberties such as discount coupons, invitations to events, bonus points, cash back and free insurance as well.

The preliminary condition to apply for a credit card from all credit card companies or credit card issuing banks is you should have a specified minimum income level range. This requirement varies from bank to bank and it depends upon which type of card you want along with your risk profile. If you are a regular and fixed income holder, then it becomes easier for a bank to issue you credit cards as your profile is promising and you will be able to reimburse the expenses incurred through your credit card. The age limit to be eligible for owning a credit card is between 21 to 65 years.

When you apply for a credit card, you will find that there are two credit card services such as Gold and Silver provided by banks issuing credit cards to differentiate what kind of service is applicable for each. Silver card is also known as classic or executive card. The gold card comes under premium section and it includes number of features such as high insurance cover, more rights, more facilities and more discounts. These kinds of cards have component status and high regard associated with them. They are not cheap as they have highest fees including other service charges.

There is a fixed minimum salary criterion per annum to apply for ordinary cards. And it is a bit higher to qualify for the gold credit card.

The basic cost occupied to apply for credit card covers the joining fee that varies from bank to bank and type of card you applied. These charges can vary from $100 and above. Every year you will have to pay a particular annual fee to carry on with your membership of the credit card. Issuing bank will bill this amount to your credit card; you do not need to pay cash for it.

First, get the details of the credit card requirement from the issuing bank. Go through the details thoroughly. Get the appropriate application form. This application form solicits the following information:

* Name as it appears on credit card * Credit card billings address (street address, city, state, zip code, etc.) * Credit card number * Expiration date * Amount charged on your card * Program you are registering from * Email address for receipt * Phone number

The proper use of credit card will win you extra credit or points. At most, you can setback the payment of the bill by up to 50 days. Most of the credit card issuers give you a discount on the next year's annual fees if you have paid over a certain specific amount on your card

The Necessity Of Credit Card Data Encryption

The Necessity Of Credit Card Data Encryption

by Andy Eliason


The Payment Card Industry Data Security Standard (PCI DSS) mandates that anyone who stores, processes, or transmits sensitive credit card data must be PCI compliant. In other words, they must conform to a set of standardized security measures.

Credit card data encryption is one of the most essential parts of reaching PCI compliance. Unfortunately, it can also be one of the more difficult procedures to implement since many companies don't understand exactly what credit card data encryption entails, and exactly what measures are considered sufficient.

The third requirement of the PCI DSS states simply: Protect cardholder data. This is a fairly broad requirement, but credit card data encryption is still a critical part of it. The main reason for this rests on the fact that no matter what kind of other security measures you've put up to block intrusions, chances are there's a criminal out there who can find that utterly obscure and inconceivable hole in which to get through.

If your information is properly encrypted, however, all they will find is a string of useless gibberish that will mean nothing to them.

Unless, of course, they've managed to get a hold of your encryption keys.

For that reason, the third requirement of the PCI DSS also deals with the proper ways to store and handle encryption keys. A merchant must protect those keys against disclosure and misuse, which implies a variety of practices that need to be used. These include: restricting access to the keys to as few people as possible and storing the keys in as few places as possible.

You are also required to fully document all key management processes and procedures for keys used for credit card data encryption. This includes a range of practices including: generating strong keys, distributing them through secure means, storing them securely, and periodically changing them.

This is just the beginning, though. A merchant must also make sure to destroy old keys, prevent the unauthorized substitution of keys, replace any keys that are known to be, or even suspected to be compromised, and revoke any old or invalid keys.

All in all, making sure you have proper credit card data encryption can be a time consuming, resource intensive process. And this is all just to encrypt the information stored on your site. We still have the separate problem of encrypting information that is in transit to deal with.

The fourth requirement of the PCI DSS states that you must encrypt transmission of cardholder data across open, public networks. An open network subject to PCI requirements include the Internet, WiFi, global systems of mobile communications, and general packet radio service.

The reason here is also simple. If a criminal cannot get at the records on your system, they may try to intercept any transmission you send. That is why credit card data encryption is just as important in this stage as it is for information on your system.

According to the fourth requirement, in order to fight criminals who might try to intercept, modify, or divert sensitive information, a merchant must use strong cryptographic and security protocols such as SSL (secure sockets layer)/TLS (transport layer security) and IPSEC (Internet protocol security). Transmitting data over wireless networks must also be guarded using WPA or WPA2 technology, IPSEC, VPN, or SSL/TLS. It also warns that you should not rely exclusively on WEP (wired equivalent privacy) to protect your system.

Many merchants have found that proper credit card data encryption is one of the most difficult aspects of the PCI DSS for compliance. As such, many of them are turning to other companies for help and outsourcing their PCI compliance and payment processing needs. This way they can entrust their encryption needs to companies that specialize in it.

But whether outsourced or done in-house, credit card data encryption is about more than just protecting your business. It's about protecting your relationship with your customers. If you want to succeed, your customers have to know that they can trust you.

วันศุกร์ที่ 22 กุมภาพันธ์ พ.ศ. 2551

American Express Cash Back Credit Cards

American Express Cash Back Credit Cards

by Susan Slobac


If you have good or excellent credit and are in the market for cash back credit cards, you will certainly want to take a close look at American Express cash back credit cards rewards. American Express offers a wide variety of credit cards with slightly different APRs, rewards offered, and fees, so you will want to compare cash back credit cards from American Express to see which ones will best provide you with the top-quality rewards you prefer and for which the company is known.

American Express cash back credit cards rewards include an unlimited number of cash rewards back to you when you select the Blue Cash From American Express card. You can receive up to five percent cash back on select purchases, and if you need to you can have revolving credit on this card, allowing you to carry over a balance from month to month. This card also offers a long introductory grace period of zero percent APR, which then switches to a variable APR after the grace period comes to an end. There are no annual fees for the Blue Cash card.

Certain American Express cash back credit cards rewards will appeal to those who travel frequently by air. The Blue Sky from American Express credit card, for each dollar you spend using the card, will give you one point. These points add up to superior savings on airline tickets, hotels, cruises or rental cars. Another credit card offered by American Express that will even offer you double miles is called the Gold Delta SkyMiles card. Just make your first buy with the card, and you will receive thousands of bonus miles. Eligible purchases at frequently shopped establishments such as grocery stores, pharmacies, and gasoline stations can earn you double miles.

American Express cash back credit cards rewards will also be awarded based on a favorite city where you would like to use the points you earn. If you would like to redeem your points in the cities of Los Angeles, Chicago or New York, you might select the IN:LA Credit Card from American Express. Although you can use the card outside of the city and you will still earn points, you must use the points in one of the preferred cities named on the card. This might be a good option if you are planning a vacation to any of the selected cities, because your eligible purchases from outside the city will count toward points, which you could then redeem in your vacation city.

When you compare cash back credit cards, do not neglect examining the many benefits that come to the traveler who uses American Express cash back credit cards rewards. To decide which cash back credit cards are right for you, consider the types of purchases you make, the APR being offered, any fees that may apply, and the specific benefits that you can earn.

There's a Right Way and a Wrong Way to Compare Credit Cards

There's a Right Way and a Wrong Way to Compare Credit Cards

by Max Anderson


If you're going to compare credit cards, you'd better do it right. The process can be overwhelming and a mistake can cost you hundreds (if not thousands) of dollars. Want to know how to do an apples to apples comparison, leaving no margin for error? Here are the things you need to look for.

Intro APR vs. Fixed APR

First of all, don't take an APR at face value. Sure, you can apply for that 4.99% credit card offer, throwing the 7.99% offer into the shredder, but what if that 4.99% rate is just a teaser? What if it jumps up to 14.99% after a few months? That 7.99% fixed rate sure would have been better.

Before you apply for any credit card, make sure you know the details of the APR. Is it fixed? Is it an intro or "teaser" rate? If it is, what's it going to jump to when the introductory period is over (and how long with that be)?

A Nickel Here, A Dollar There

Let's compare credit cards A and B in this scenario. Card A has an APR of 7.25% and it's a fixed rate. Card B is 9.9% and it's also fixed. Which card do you choose? If you picked card A, slap yourself on the hand.

Sure, card A might have a lower interest rate but what if the annual fee is $59 and there's a minimum monthly finance charge of $5? On the other hand, card B has no annual fee and no minimum monthly charge. Card B would be the better choice.

A low APR is great, but not if it means high fees. When considering the cost of a credit card you need to consider ALL of the costs, not just the APR. Is there an annual fee? If so, how much is it? Are there minimum monthly finance charges?

What About Grace?

Always compare the grace periods when you try to compare credit cards. A credit card that offers a grace period of 25 days is always better than one with no grace period at all. Credit cards that don't offer grace periods begin charging interest from the day of your purchase. That money can add up over the years and it's money out the window.

Remember, on the surface two credit cards can seem similar or one can seem way better than the other. It takes digging a little deeper to really see which credit card is better for you. The next time you compare credit cards make sure you take all the above factors into consideration before making your choice.

What You Should Know About Credit Card Processing

What You Should Know About Credit Card Processing

by Jennifer Loganathan


No business in today's marketplace can survive without the ability to accept credit cards for payment for their products and services. More so, with the ever increasing popularity of online shopping and e-commerce, credit card acceptance has become a necessity and credit card processing is the key to accepting payments electronically. As most people in the United States prefer to not carry cash around, both due to the security issue (cash if stolen, cannot be replaced) as well as convenience (why carry bundles or cash when you can simply carry a plastic proxy with no technical spending limit?).

Even as debit cards, electronic checks and internet checks gain acceptance, credit cards are relatively the most popular form of online payments. How the whole process of payment through a credit card takes place warrants some understanding and technical clarification. First, credit card information has to be accepted, via a secure online form in case of internet shopping, or through a swipe terminal that transmits information to the processing backend. This backend acts as the processing unit which validates the credit card information supplied and provides an authorization to the acquirer or clearing house to exchange funds between the buyer and the seller. The acquirer then will deduct the credit limit from the buyer's credit card account and deposit funds into the merchant or seller's merchant account, or bank account (in case a third party credit card processor is used). The net amount deposited into the merchant's account will be the total sale or purchase amount, less the transaction fee as well as other variable fees such as AVS (address verification service) and CVV/CVC (card verification value or code).

The credit card processor acts as the intermediary or interface between the card reader or payment gateway (in case of e-commerce) and the credit card companies or issuing banks. In order to process each transaction, the credit card processor will charge a commission as well as some other fees, from the merchant selling the goods. For a buyer, there is no real direct charge for conducting a transaction, apart from any annual fees that may be charged by the issuing bank or any currency conversion charges in case of an international transaction.

Although typically credit card processing requires either physical equipment or a swipe card terminal, credit card transactions can be done remotely via the telephone or wirelessly through a wireless terminal as well. Such means are ideal for merchant situations where there are no telephone lines nearby, or worse, no electrical output to which the terminal can be connected. For instance, in a flea market or open air exhibit, a merchant can simply dial in a provided phone number, and provide the credit card information. All processing will be done remotely and an authorization can be obtained via the telephone itself. Wireless terminals are more effective in case the merchant has to make on-site presentations. For instance, a vacuum cleaner salesman could make a home demonstration and accept payment for the sale immediately, without having to even telephone anyone or go back to his office. The wireless terminal uses the GSM or CDMA technology, similar to that in cell phones. The basic difference between a regular terminal and a wireless terminal is that while the former uses a telephone line to connect to the processor, the wireless terminal connects wirelessly for credit card processing.

There are plenty of options to choose from, when it comes to credit card processing. Obtaining a merchant account through a specialist merchant account provider and a third party credit card processor are common. With intense competition in the market, there are many offers available to choose from. Some of the key considerations in selecting a partner for credit card processing are per transaction fees, set up and maintenance costs and account management facilities offered by the credit card processor or merchant account provider. In addition to these typical considerations, it is important to evaluate the seller protection policy, especially if you're a high risk merchant and are likely to receive a lot of chargebacks. Finally, technical support (such as 24X7 customer support, which is often available through offshore merchant accounts), the frequency of funds transfer (for instance, some vendors may transmit the funds only once every month) and fraud scrubbing are of critical importance.

How To Make Money With Credit Card Stoozing

How To Make Money With Credit Card Stoozing!

by Gary Bunn


Credit cards are a way of life for most people these days. In fact, many of us have gotten ourselves into terrible credit card debt and need to get out. In some cases, however, you can actually make money with your credit cards instead of having to pay it. Of course, there are the "cash back" programs many companies offer; what this means, usually, is that you get a certain percentage of cash spent back every month. The drawback to this, of course, is that to make it work, you have to pay your credit card off month.

There's another way you can make money with credit cards, too, and it's not as well known as the rewards programs many credit cards offer. It's called "stoozing." With stoozing, you find one of the many credit card companies offering a 0% introductory rate for a period of between 3 and 18 months, usually.

Here's how stoozing works. You sign up for a credit card with a 0% introductory rate for however many months they offer it. Usually, this period lasts from 3 to 18 months. Now, what you do is take cash advances out (again, making sure you're not paying any interest or fees on these cash advances during this introductory period) and place them in a high interest savings account. At the end of the introductory period, you withdraw the money that you originally took as a cash advance on your credit card, and repay the balance before you are charged any interest or fees. The profit you make is the interest you earn on the money while it is sitting in the savings account during the introductory period.

And that's it. It's pretty simple, and because credit card companies are so competitive, there are a lot of these offers out there right now. You have to be very, very careful, though, because if you slip up and either spend the money so that you can't pay it back, or if you miss putting the money back in time, you could end up spending more than you make. It's also pretty risky because if you're not particularly responsible with money, you could end up gravely in debt instead of making money. If you are careful, though, and you've checked out the terms very thoroughly, stoozing can be a way to make some relatively good money, pretty easily. You can read more about Credit Card Stoozing here.

วันพฤหัสบดีที่ 21 กุมภาพันธ์ พ.ศ. 2551

Credit Card Fraud

Credit Card Fraud

by Bernard Pragides


Identity theft comes in many forms, but one of the most common types, and also, one of the most destructive, is credit card fraud. Now, you may think you have protected yourself from credit card fraud, but the reality is, there are so many ways in which an identity theft can steal your details and therefore commit this type of fraud, that you may not have protected yourself against every eventuality.

The first thing you need to think about when considering protecting yourself from credit card fraud, is the ways in which people are able to get hold of your credit cards, or personal information in order to apply for one. The first thing you should watch out for is any problems you may encounter with ATM machines. If you notice anything strange about the way the cash machine is working, do not use it and inform the bank or company that owns the machine. The most common thing that seems to happen, is a small card reader is mounted over the slot that reads the card and can be use for copying it, and also a tiny camera which monitors the pin numbers. This method allows the thief to monitor and collect many different card details and Pin numbers to use in the form of credit card theft. This may also happen for the small machines that you use to pay by card in crooked stores, or by a crooked sales cashier.

For more detailed frauds, these identity thieves need more than just card details. They need address and names, and these can be found by rooting through garbage cans. These details can easily be found on utility bills or bank statements. They can use that information, as well as details that can be found with the electoral roles and other data that is publicly available, to perform costly and intricated forms of credit cards.

Credit card fraud can also be performed in the way of lost mail. Thieves have been known to steal post from mail boxes and every year, the postal companies are reporting more and more lost mail. Important documents such as check books, credit cards, Pin numbers can all be intercepted before they reach the owner of the mailbox.

You should also be aware that thieves also use websites to purchase goods, either by way of credit card fraud, or by just using your personal details. Online auction sites should be carefully monitored, and so should sites that store your personal information for any future purchases.

The only way to be protected against credit card fraud is to be aware. Your documents can be stolen in so many ways, and you need to ensure that you always keep a close eye on your finances. There are certain insurances you can take out to protect you, if you should ever become a victim of credit card fraud, and it is a good idea to check out these options for further reference.

Compare Cash Back Credit Cards

Compare Cash Back Credit Cards

by Susan Slobac


If you are looking to add a new credit card to your selection of cards that you carry with you and use, you will want to compare cash back credit cards to determine which will offer you the greatest flexibility in use for the best price. Credit cards with cash back offers give you an opportunity to get some money back for making ordinary daily purchases utilizing your credit card.

When you compare cash back credit cards, you will want to see what fees might be required. Annual fees are common for using credit cards, although some cash back credit cards waive the annual fee entirely. There will also be finance charges listed in the terms for each credit card offer. These include the interest you will pay if you carry over a balance on the card from month to month. The interest may be a fixed or variable rate, so be sure to read the terms carefully. If you go to an ATM machine and take a cash advance from your credit card, you will have fees to pay for utilizing that service, so check out the terms to see what the specific fees are.

You will also want to compare cash back credit cards' terms for the length of the grace period. The grace period is the time when you can pay your credit bill without incurring an interest charge.

If you know you will carry over a balance from month to month, then you will want to compare cash back credit cards for their APR, or annual percentage rate of interest charged. As mentioned above, the rate can be fixed or variable. There are usually enticing introductory interest rates that will apply to your balance for a certain amount of time, then the listed APR will be used.

When you compare cash back credit cards you will also need to think about where you plan to use the card. If you use your cards solely for travel and dining, you will prefer a card that offers rewards in those areas. The same could be true if you shop at the same places of business repeatedly. Sometimes house cards are offered with cash back rewards. House cards can usually only be used at that one particular business, be it a department store, a gas station, or other type of business. But if you shop there a lot, using house cash back credit cards might save you significant money.

Some cash back credit cards' terms offer flexibility in where you can use the cards and earn reward points. This might be extremely important to you if you travel to different cities a lot. Bank cards, such as Visa and MasterCard, can be used around the world.

Credit cards with cash back rewards can help you earn while you shop, something that usually cannot be done with a cash purchase. Make sure to compare cash back credit cards to find the ones with the best terms that will meet your specific needs.

วันอังคารที่ 19 กุมภาพันธ์ พ.ศ. 2551

Anyone Can Qualify For A Major Credit Card

Anyone Can Qualify For A Major Credit Card

by sas_upena1


You may have seen the following ads or something similar:

Separated? Divorced? Bankrupt? Widowed? Bad Credit? No Credit?

No Problem

Make the call NOW and get the credit you deserve!

- Even if you've been turned down before, you owe it to yourself and your family.

- Your major credit card is waiting.

If you have no credit or a poor credit history, this ad may appeal to you. Using a secured credit card can be an effective way to build or re-establish your credit history. Be aware, however, that some marketers of secured credit cards make deceptive advertising claims to get you to respond to their ads.

Secured and unsecured credit cards work the same way; both can be used to pay for goods and services. A secured card requires security for your line of credit; an unsecured card does not. The savings account for a secured card may range from a few hundred to several thousand dollars. Your credit line will be a percentage of your deposit, typically from 50 to 100 percent. Usually, a bank will pay interest on your deposit.

Also, you may have to pay application and processing fees that sometimes amount to hundreds of dollars. Before you apply, be sure to ask what the total fees are and if they will be refunded if you are denied a card. A secured credit card also often requires an annual fee and has higher interest rates than unsecured cards.

The Federal Trade Commission has taken action against companies that deceptively advertise Visa and MasterCard through television, newspapers, and postcards. The ads may offer unsecured credit cards, secured credit cards, or not specify a type of card. The ads typically are phrased to make you believe you can get a credit card simply by calling a telephone number listed in the ad.

Sometimes the number is not toll-free. A "900" number service, for which you will be billed just for making the call, may instruct you to give your name and address to receive a credit application, or it may give you a list of banks offering secured cards, or direct you to call another "900" number at an additional charge to get more information. Be aware that deceptive ads often leave out important information.

They often omit the cost of the "900" telephone call, which can range from $2 to $50, or more.

The ads often do not mention a required security deposit, and application and processing fees for the secured card.

The ads frequently fail to say anything about income and age requirements.

The ads may not mention the annual fee for the secured card and a higher than average interest rate on any balance.

To avoid being victimized by a secured credit card marketing scam, look for the following signals.

Beware of offers of easy credit. No one can guarantee to get you credit. Even if you maintain a sterling record on your account, that is only one factor other creditors will consider. Any unfavorable history will be considered also.

Be wary of credit cards offered by "credit repair" companies or "credit clinics." These businesses also may offer to clean-up your credit history for a fee. However, you can correct genuine mistakes or outdated information yourself by contacting credit bureaus directly. But remember; only time and good credit will repair your credit report if you have a poor credit history, and any suggestion that you acquire a new social security number or other federal ID may be illegal.

Should You Get A Gold Or Platinum Credit Card?

Should You Get A Gold Or Platinum Credit Card?

by sas_upena1


If you're looking for credit, be wary of some 'gold' or 'platinum' card offers promising to get you credit cards or improve your credit rating.

While sounding like general-purpose credit cards, some 'gold' or 'platinum' cards permit you to buy merchandise only from specialized catalogues. Marketers of these credit cards often promise that by participating in their credit programs, you will be able to get major credit cards (such as an unsecured Visa or MasterCard), lines of credit from national specialty and department stores, better credit reports, and other financial benefits.

Rarely, however, can you improve your credit rating or get major credit cards by buying 'gold' or 'platinum' credit cards. Often the only major credit card you might get is a secured credit card that requires a substantial security deposit with a bank. In addition, many of these credit-card companies do not report to credit bureaus as they promise, and their cards seldom help secure lines of credit with other creditors.

Such 'gold' and 'platinum' credit-card offers usually are promoted through television or newspaper advertisements, direct mail, or telephone solicitations using automatic dialing machines and recorded messages. People who live in lower-income areas often are the target of these sales pitches.

Watch out for...

Be wary of 'gold' and 'platinum' card promotions that:

Charge upfront fees, without saying there may be additional costs.

Some 'gold' or 'platinum' card promoters charge $50 or more for their cards. Only after you agree to pay this fee are you told there's an additional fee, sometimes $30 or more, to get the merchandise catalogues. Yet, these catalogs are the only places you can use the cards.

Use '900' or '976' telephone exchanges.

Ads for 'gold' and 'platinum' cards may urge you to call numbers with '900' or '976' exchanges for more information. You pay for phone calls with these prefixes -- even if you never get the 'gold' or 'platinum' card. The cost for these calls can be high.

Misrepresent prices and payments for merchandise.

You're not allowed to charge the total amount when you buy merchandise from 'gold' or 'platinum' card catalogues. Instead, you often must pay a cash deposit on each item you charge -- an amount usually equal to what the company paid for the product. Only after you pay your deposit can you charge the balance. Also, catalogue prices can be much higher than discount store prices.

Promise to easily get you "better credit."

Marketers of 'gold' and 'platinum' cards often claim its easy to get major credit cards after using their cards for a few months. In fact, the only major cards you usually can get through these marketers are secured. A secured card requires you to open and maintain a savings account as security for your line of credit. The required deposit may range from a few hundred to several thousand dollars. Your credit line is a percentage of the deposit, typically 50 to 100 percent.

How to protect yourself

Follow these precautions to avoid becoming a victim of 'gold' and 'platinum' card scams:

Think twice about any offer to get "easy credit."

Be skeptical of promises to erase bad credit or to secure major credit cards regardless of your past credit problems. There are no "easy" solutions to a poor credit rating that's based on accurate information. Only time and good credit habits will restore your credit worthiness.

Investigate an offer before enrolling.

Contact your local Better Business Bureau, consumer protection agency, or state Attorney General's office to see if any complaints have been filed against a particular promoter of 'gold' or 'platinum' cards.

If a marketer promises that a card is accepted at certain retail chains, verify it with the stores.

If a marketer assures you that reliable information about you will be reported to credit bureaus, call the bureaus to confirm that the merchant is a member. Unless 'gold' or 'platinum' card merchants are subscribers to credit bureaus, they won't be able to report information about your credit experience.

Be cautious about calling '900' or '976' telephone numbers.

Calls to numbers with '900' or '976' prefixes cost money. Don't confuse these exchanges with toll-free '800' numbers. If you dial a pay-per-call number mistakenly, contact your local phone company immediately. They may be able to remove the charge from your bill.

วันอาทิตย์ที่ 17 กุมภาพันธ์ พ.ศ. 2551

Expand Your Business with a Credit Card Processing Service

Expand Your Business with a Credit Card Processing Service

by Ron Judy


Having a business, whether it is home based or not, means that you are immersed in a world of competition, a competition in which you can only gain an edge by having the best services and equipment. One such service or piece of equipment that can really allow your business to reach more customers is a credit card processing service. These days, it is very common for a person to have credit or debit cards instead of carrying around large amounts of cash; hence, if you have a successful business, purchasing a credit card processing service can only expand your cliental base through making your business more available to a wider range of people. Right now, you may be limited to customers who can write a check or pay with cash and this can limit your business transactions. It is stated that people who shop with credit cards tend to spend more than those who shop with cash.

Not only will a credit card processing service help you to expand your business, this type of service may actually protect you against scams, all the while making it easier for your current and future customers to do business with you. However, even if you decide to purchase a cost efficient credit card processing service, in order to expand your business, this may still end up being a costly endeavor. This is why it is crucial to your business to carefully consider where your money is going if you decide to purchase this type of service. There are many factors that play a role in how much money will actually go into the credit card processing service you choose. For instance, many times the starting costs, which can include the credit card terminal, signature pad, and other such application fees, can be very high. Then there are the recurring fees to consider, things such as transaction, statement, and monthly account fees. It is important for any merchant (you) to research and compare many different credit card processing companies in order to find a quality service at a good price.

A credit card processing service can be very beneficial to your business if you know what to look for in one of the companies offering this service. As with anything, there are fraudulent processing companies. One thing, in particular, to look for is very low starting prices, as sometimes the company will have outrageous recurring costs, but will draw merchants in with low starting costs. The best companies are the ones who have well known reputations and have been in business for many years. Moreover, the company offering the credit card processing service needs to accept a variety of credit cards, offer services “around the clock”, and offer a variety of services. Depending on your business, you may need to accept payments online, process electronic checks, read regular checks, etc and each one of these factors and more need to be considered when choosing the best credit card processing service for your business.

Need Ideas About Your First Credit Card

Need Ideas About Your First Credit Card

by Deanna Mascle


You're finally out in the real world and you probably want to buy a car or a house of your own. You might think that it would be easy, considering you don't have any bad credit; in fact, you don't have any good credit either. You don't have any credit at all - period. You might think that this wouldn't work against you, but it will. Future creditors need to see some kind of record that reflects your ability to pay back a loan. Without that many places are reluctant to give you a loan for a car or a house. So what is the best way to begin to establish your credit? You will have to start with getting a credit card and making a few purchases on that to show that you are capable of paying back a loan in a timely manner.

When deciding which credit card to start with, you should sit down and evaluate some things about yourself. For instance, are you someone who procrastinates? Do you have steady income that will allow you to pay the bills? Why do you want a credit card in the first place? It is very important to be honest with yourself when you answer these questions because it is easy to get into a hole that you can't crawl out from. Even if you feel like you are the most irresponsible person on earth, but you still want a credit card, a good one to get is the American Express green card. The Amex card has to be paid off every month, and you may be willing to spend less if you know that there is not going to be a minimum balance.

Finding the right credit card can be confusing because there are a lot of things to keep up with like APR, annual fees, and hidden charges. The best way to compare credit cards is to compare the APRs. The general rule is that the lower the APR, the lower the cost of credit. Try to look out for the hidden charges that are behind credit card companies. Sometimes companies like to hide things away in the fine print. Even if fine print annoys you, you should try to read it. There are often times charges for charging more than your credit limit, late fees, or periodic finance charges. Little charges here and there will end up costing you massive amounts in the long run.

When you use your first credit card there are some rules that you should follow. You should always shred your receipts, and also shred any credit card offers that you are not considering. Do not ever give your credit card number over the phone unless you are the one who initiated the phone call to the company that you are ordering things from, or trying to get a bill paid. Keep the customer service numbers of all of your credit cards in a safe place. Sometimes companies will send you a new card and it will get lost in the mail, an automated system will ask for your information before it will let you proceed, however, if you don't have a customer service number, you will have to wait until your next bill comes in. You would think that calling the store would help, but incompetence runs rampant in all parts of the world.

You may be able to put off getting a credit card for a little while, but in the end there is no avoiding it. The only thing you can do is know your limits and not spend outside of it. With a credit card it is easy to say you'll buy now and worry about the bill later, but you have to make sure you have to money to pay the bill when it does come in.

7 Reasons Your Small Business Needs a Credit Card

7 Reasons Your Small Business Needs a Credit Card

by Debbie Dragon


With more than 600,000 new small businesses started each year, it's safe to say that the dream of being a successful business owner is a strong one. If you are considering starting your own business, or are already the proud owner of a business- here are 7 reasons why your small business needs a credit card:

1. Keep your personal finances and business finances separate. It's easier than you think to accidentally mix up your funds. Using a credit card that is used only for your business expenses and purchases eliminates the problem of labeling every transaction in your personal checkbook or on your personal credit card statements at the end of the month.

2. Build credit in the name of your business. If you obtain a credit card in your business name, the more you use it and make on-time payments, the stronger you will build the credit score of your business. After several months of building a good credit history, you may be able to obtain small business loans or other sources of financing if necessary.

3. Get stuff for free. There are numerous rewards programs with credit cards. If you choose one that works for your business, you can easily earn the things you usually buy for free. For example, some rewards credit cards offer you a way to earn office supplies at a discount. The key to making a rewards program successful is to choose one with no annual fee and pay your balance off in full each month. If you travel regularly for business, it would make sense that you get a card with travel rewards- either earn miles towards free flights, or get free or discounted hotel rooms.

4. Easy record keeping. Owning a small business means you are allowed to deduct certain purchases on your taxes, but only if you have good records to prove you've made those payments. A credit card with an annual, itemized statement will make tax season a snap, regardless of the number of transactions you've made on your card.

5. Additional credit cards for employees. As your business grows, you may find the need to allow key employees within the organization the ability to make purchases or pay for business expenses on your behalf. Most credit card companies will allow you to obtain additional cards in other people's names. Your transaction listings and statements will show which credit card made each purchase, allowing you to see at a glance whether the employee use of credit is being abused or not.

6. Concierge services. Depending on the credit card you choose, you may benefit from additional services like reservation assistance, verification of flights, and even a personal shopping service. Did you forget to get your wife flowers for your anniversary? A quick call to your credit card concierge service and they can make the arrangements for you.

7. Travel benefits. In addition to the potential to save money on travel costs with a credit card rewards program, most credit cards offer travel accident insurance that helps cover you for things like lost luggage or flight cancellations.

วันพฤหัสบดีที่ 14 กุมภาพันธ์ พ.ศ. 2551

What is Credit Card Processing?

What is Credit Card Processing?

by Jennifer Loganathan


If you were reading this article twenty, fifteen or even ten years ago, chances are you would be reading it in a magazine or an industry or trade publication and not on your computer, in your office (hopefully home office), but probably on your laptop in an airport, because your flight was delayed, again. It's a simple concept that has been around since the inception of credit cards and that is, credit card processing.

We're going to get back to the definition later, but for now, let's concentrate on how credit card processing can help you, the merchant. Most importantly, the ability to process credit cards is hopefully something you're doing now, but maybe you're unsure if you're getting the best deal or have had issues with your current processor, bank or merchant service provider. Some of you don't take credit cards at all; for whatever reasons they're not good enough and you're losing business every day that you do not. And finally, some of you had one, lost it or gave it up and realize that it is again necessary, but want to do it properly and through the proper channels. All of these circumstances my readers may be in can be answered easily; you should be dealing with a merchant service provider. The simple answer is that merchant service providers can tailor programs and services specifically to your credit card processing needs.

Whether you take cards in person and swipe them through a terminal or you receive card information via the internet or telephone, you're looking at a minimum three day process to receive your money. At the end of the first day you're going to close your batch of sales and submit them (this is done automatically). On the second day, probably before you wake up, the file you sent settles with the bank. By the end of day two, that settlement file is delivered to the bank. At the beginning if day three, your account is funded. This is a basic funding flow, if you process checks online as well that is a separate file and can take longer. As every business and industry has its own set of needs; merchant service providers are a great way of selecting extra services that can enhance your userability and ease of daily fund processing and tracking. Some of these services include ACH check processing, help obtaining a credit card terminal, online reporting tools, virtual terminal for card-not-present transactions, gateway for your internet business, fraud scrubbing for your internet transactions, third-party verification services, and multi-currency processing.

3 Different Credit Card Pricing Methods

There are three pricing methods that you should be aware of, so you know which one may be the best fit for you.

The first is Pass Through, which gives the merchant a choice of per item, per auth, or per basis points. It also has an interchange rate plus per item, dues as well as assessment all passed through to the merchant. There is a monthly fee for this method.

The second is the Tiered method which is for both per item and standard bumps. A 2-tier (for both credit cards and check cards), it has two rates, Qual and Non-Qual; and 3-Tier (for both credit cards and check cards), has three rates, Qual, Mid-Qual, and Non-Qual.

Lastly Bill back, which gives the merchant a choice of a blended per item fee. Merchants that choose this method get a Targeted Discount Rate (2 target rates, one for credit, one for check card) and downgraded transactions are charged by bill back.

In closing, this article doesn't even come close to actually defining credit card processing, it would be like defining business, because it changes as fast as its customers do. You, the merchant have many choices when it comes to who and how your credit card customers' money reaches your bank account. Spend the time to contact a merchant service provider to see what services are right for you.

วันจันทร์ที่ 11 กุมภาพันธ์ พ.ศ. 2551

What Do You Need To Know to Apply for a Credit Card?

What Do You Need To Know to Apply for a Credit Card?

by sas_upena1


Since finances, especially money is one of the major concerns of many people, a wide array of financial management services and financial options emerged. One of the most visible among the unending line of financial management services there are is the credit card.

When people apply for a credit card, there is always a reason. It can be for managing their finances, needing extra money or in preparation to a big expenditure. But, no matter what the reason is, people apply for a credit card because of the ultimate convenience it brings.

By now, you may have had your share of 'pre-approved' credit card offers in your virtual and physical mail. Since people are quite vulnerable when they apply for a credit card, some credit card issuers lure these people by giving low introductory APR, no annual fee offers among numerous perks. The tendency of this so many alternatives and "value" deals is to sway the person who wants to apply for a credit card.

There are undeniably endless lists of pros and cons when you apply for a credit card, but if you really have decided to apply for a credit card, these are some of the helpful tips that can guide you on your credit card shopping journey.

Actually, there are three easy steps you should follow if you have decided to apply for a credit card. First, surf the net and do some research on credit cards. By doing this, you can familiarize yourself with different credit card terms and types. Second, you can compare numerous credit cards that would best serve your needs and lastly, you may now apply for the credit card of your choice by filling out a credit card application by visiting a bank representative or through online.

In order to find the right credit card fast and easy, first, before you apply for a credit card, make sure you mastered the credit card terms. When you apply for a credit card you must know what a "credit card" really is. Being a form of borrowing that involves charges, credit cards usually have underlying credit terms and conditions affect your overall cost.

So, it's best to compare terms and fees before you apply for a credit card and agree to open an account. Some of the important terms to be understood well include the annual percentage rate or the APR.

When you apply for a credit card, you must know how the APR affects your credit account. Being a measure of the cost of credit expressed as a yearly rate, the APR should be disclosed before you apply for a credit card so that you would not be obligated on the account and on your account statements later on. Aside from APR, the periodic rate must be disclosed to the card holder before they completely apply for a credit card so they would have an idea of their outstanding balance and finance charge for each billing period.

Other important terms to know before you apply for a credit card are free period or "grace period," annual fees, transaction fees and other charges, other costs and feature, and balance computation method for the finance charge like average daily balance, adjusted balance, previous balance, and two-cycle balances.

If you're not that type of person who is patient enough to research on all these terms, make sure that before you apply for a credit card, the issuer will give an explanation how the balance is computed and it must appear on your monthly billing statements.

Credit Card Blocking And How To Avoid It

Credit Card Blocking And How To Avoid It

by Peter Kenny


Have you ever heard of credit card blocking? Do you know what it is and how it might affect you? If you are not sure what blocking is, this article may be able to clear up some of the mystery.

If you were ever told that you were over your credit limit (when you knew you were not over the limit) you may have experienced credit card blocking. This seems to happen a lot when consumers are paying for hotels or rental cars.

When you use your credit card to check into a hotel or to rent a vehicle, the hotel or rental company will normally contact the company that issued your card in order to give them an estimated total of your transaction. The credit card company will then either approve or deny the amount. If the transaction is approved, your available credit is immediately reduced by this amount. This is a block.

An example might clarify the way this works. Assume that you are using a credit card when you check into a $100-a-night hotel and you are going to stay for five nights. At least $500 would be blocked ($100 x 5 nights). Here is where it can begin to get tricky.

If you pay the hotel or rental bill with the same card that you presented earlier, the final charge from the hotel or rental company will replace the block in a day or two. If you decide to pay the bill with a different card, however, the credit card company you used at check-in might hold the block for up to 15 days after you have checked out of the hotel or paid the rental car company. This would be done because they were not notified of the final charge from the hotel or car rental company and therefore would not know you had paid another way.

The reason blocking is used is to make sure you do not go over your credit limit before checking out of a hotel or returning a rental car; both of which would leave the merchant unpaid.

For those people who are well below their credit limit, blocking is usually not a problem. However, if you are getting close to your limit you will want to be careful. Not only can it be embarrassing to have your credit card refused, but it can also present big problems if you need a room or a car and do not have cash in your pocket to pay for them.

Here are some tips to help you avoid being blocked.

Always consider paying your rental car, hotel, or motel bills with the same card that you use at the beginning of the transaction. You may also want to ask the clerk or rental rep to tell you the full amount that they are going to request from the card company. In the event you choose to use another payment method when checking out or paying the final bill for rental make sure you ask the clerk to remove the block.

You may also want to call your credit card company and ask them how long they block credit lines for these types of transactions. If you do a lot of traveling, you may want to find a company that use shorter block times.

วันอาทิตย์ที่ 10 กุมภาพันธ์ พ.ศ. 2551

American Express Blue Or Green Credit Cards

American Express Blue Or Green Credit Cards

by sas_upena1


Also known as AMEX, American Express is easily one of the most recognized names in the world of credit cards. Even though many people have Visa or MasterCard credit cards, they are still interested in AMEX. With Visa, MasterCard, and AMEX being the most popular and preferred types of credit cards, they are all great although there are also differences between them as well.

Both Visa and MasterCard are methods of payment. Both will allow different businesses to accept credit card payments using their systems. Neither of the two issue credit cards on their own behalf, instead they rely on banks throughout the world to issue the credit cards for them, provide the credit, and then charge the interest. Your credit card bill goes to the bank, as Visa or MasterCard doesn't see any of it.

AMEX, on the other hand, is very different. American Express has their own payment system, and they also issue their credit cards directly to consumers. Unlike Visa and MasterCard, AMEX runs the entire show. Therefore, when a credit card says American Express on it, you instantly know who has issued the card, what payment system it has, and everything else you would need to know.

Even though MasterCard and Visa are used more throughout the world, American Express is always expanding their networks. Visa and MasterCard are used in over twenty five million locations over the world, including third world countries, which makes them global credit card payments. AMEX on the other hand, doesn't quite reach this degree. It is a great credit card, although it isn't used around the world in areas where the other 2 dominant credit cards are.

You can get AMEX credit cards with rewards, although you'll need to be careful where you look and what you select. Normally, with Visa and MasterCard, you'll have to look at hundreds of banks before you can find the best choice. With AMEX, you can look at their website and find out what they offer and what type of APR you'll have to pay. Most of the time, you can find a credit card with low interest and a great spending limit - providing you have good credit.

AMEX also has several advantages that it offers customers in North America and Europe. The credit card is accepted widely in both areas, offering you credit cards with great features and very attractive looks. AMEX offers you great rates, good rewards, and excellent customer service as well.

American Express also offers you Blue, which is a newly introduced credit card that offers you increased security, no annual fee, and 0% APR for the first year or so. Depending on your credit, you may be able to get an extended period with no interest. After that time has expired, you pay low fees, which make it a great credit card for anyone looking for a deal. Blue is the newest card from AMEX, and will rapidly become one of the best due to its amazing features.

In the world of credit cards, American Express is one of the best. They offer you a variety of different credit cards, designed to meet just about everyone's needs. You find them online or through a local provider, although online is the preferred way to go. Simply fill out your application, and if you have good credit, you'll be approved. Before you know it, you'll have a credit card from AMEX and be ready to experience life in the fast lane.

Shopping With Credit Cards And Store Cards

Shopping With Credit Cards And Store Cards

by Jonathon Hardcastle


Credit cards and store cards are plentiful in modern society, so much so that it is probably easier than ever to get goods on credit. The buy now, pay later culture is certainly convenient, but is it a wise idea, considering its obvious correlation with debt? Further than that, credit cards can be a great way to save money on your purchases provided you spend wisely. When dealing with credit and store cards, strong financial management is certainly paramount to avoid spiralling debts and borrowing costs when shopping on credit.

Wherever you shop you'll be able to buy in cash or on credit. It really is that widespread these days. Whether the credit is provided by the storekeeper or the card company, you won't have to pay a penny up front, which means you can plan your expenditure in advance. However, you will eventually have to repay everything you borrow, plus interest, so it's always a good idea to make sure you can afford it. This only comes with successful budgeting. Knowing exactly what you've got coming in and going out is paramount in ensuring you keep on top of your financial situation, and store cards and credit cards can be a great help to immediately pick up that shopping bill.

With your store cards and credit cards, you should always keep your bills and receipts, and match them up regularly to make sure everything is present and correct. This can be a great way to prevent against credit card fraud, and can help protect your funds from being pilfered. When you get the bill through at the end of the month, make sure you have the money to pay it off. One months credit is cheaper than ten months credit, so if you can pay it off, do so - it'll save you money in the long run. If you can't pay it off in full, you should still try to contribute as much as possible to get rid of some of your debt, which will again save you money on the high interest repayments demanded by card companies.

Shopping on credit is great, because it's easy and worry-free. The only problem comes when it's time to pay back what you've borrowed. As long as you make sure you're on top of your finances and pay off as much as you can afford come the end of the month, you'll find credit cards are actually helpful, rather than causing problems.

วันเสาร์ที่ 9 กุมภาพันธ์ พ.ศ. 2551

How To Lower Your Credit Card APR

How To Lower Your Credit Card APR

by Lawrence Fine


Your annual percentage rate is referenced as your APR. And lowering your credit APR means more money saved.

Since the rule of thumb is, 'A penny saved is a penny earned' ...it is hence necessary to find out the best ways to get your APR as low as possible. So here are some tips that will help you with this task...:

* Good credit record - the easiest way for lowering credit APR is by maintaining a good credit record generally and with the respective credit card. Have your payments done on time and be consistent with this particular aspect. The longer you are with the credit card company and have a great payment record the better are your chances for lowering credit APR on your card.

* Be relentless - it is vital that you come across as a person who is both polite and firm with the request. Many credit card company representatives are conditioned to react to such requests by postponing your demand for lowering credit APR for as long as possible. Remember while you will be getting major savings by the lowering credit APR, the credit card company would loose that much money.

* Be ready to shift - while most companies would give in, there are some which do not have the policy to reduce their APR, though this would be rare. Therefore, you would need to be ready to move your business if you fail in your negotiations for lowering credit APR. Do your research well so that you would shift to a credit card company that genuinely offers lower APR and does not have any hidden fees or other payment that would pull extra payment away.

* Develop good negotiating skills - it is important here that you do not demand the lowering credit APR for your card. Be persuasive and polite and request for the same. Learn how to lower APR by negotiation, i.e. by explaining to them that you are happy to be with them and would hate to leave them - yet, you are constrained by the better options offered to you by the other company (ies).

Usually, a credit card company (and any other company as a matter of fact) would not like to have their clients leave for their competition and hence, do their best to match the offer.

* Look for competition - today there is a lot of competition in the market. This will provide you with the best opportunity and means for lowering credit APR. For people who do not have the patience to stick with a credit card company for long enough to create a great impression with them this is how to lower APR fast.

Check out on the Internet for the best rates that exist in the market and then pick up the phone and renegotiate the terms with your credit card provider. If they agree to lowering credit APR on your card - great. If not, take our business elsewhere.

If you follow the tips and learn how to lower APR, lowering credit APR can be farily easy. Just hand in there and do your research and hard work to get the best rates you can!

Make School Easier With A Credit Card For Students

Make School Easier With A Credit Card For Students

by Tom Tessin


When you start to think about school, you start to think about all the stress that's involved when it comes to classes, making friends, getting homework on time, finances, and list can go on. When it comes to reducing stress, most students will do just about anything to do this. What a lot of college students don't realize is that you're able to make your finances a lot more manageable with credit cards.

I'm sure by now you've heard a million bad things about credit cards. It's like the old saying "There's always one bad apple in the batch." The same goes with society. There's always people out there ruining the image for the rest of us. What students don't realize is that there are a lot of people out there that don't know how to manage their credit cards and finances therefore putting them in that awful debt black hole.

Credit cards are a great way to keep track of your finances and benefit off perks at the same time. If you're currently using cash, you're not getting anything for that money. If you set that cash aside and use a credit card, you're now going to get some sort of a reward. When your bill comes in the mail, you can simply send the cash/check off to the credit card companies.

When it comes to college finances, you may find that it's hard to earn cash and I understand that. What you need to realize is that when you don't have cash, you shouldn't be using your credit cards. If you do have the cash, it's important that you start a budget. With a budget you're able to benefit with the maximum perks of a credit card. Let's show how they can benefit you below.

- Get rewards for every dollar you spend. - Know exactly what you're spending each month. - Track your spending month to month all on one bill. - Build your credit history. - Great to have for emergencies.

These are some great focal points that you should look into when you start to apply or currently have a credit card. So many people want to knock down the credit card market but they don't want to point out the positive effects of a credit card. I'll not this again, a credit card can be deadly, it all depends on the user. What you need to remember is that a credit card can't be treated like play cash. You need to be able to pay off your bill every month, no exceptions.

If you think you're a responsible college student and you want to keep track of your expenses easier, it's probably the best thing that you look into a credit card. Even though you hear a lot of negative side effects, like anything, you should look into the positive effects as well. If you think the positive will help you out in college, then you have nothing to lose. If you think once you get it, you'll abuse it, then you can simply cancel it and go back to your financial ways you used before.

Why You Should Get A Cash Back Credit Card

Why You Should Get A Cash Back Credit Card

by Tom Tessin


Whether you have one credit card or you have a hundred, if you're not getting cash back on your credit card, you better start re-thinking on how you use your credit card. Credit cards offer an array of rewards. From gasoline rewards to airline travel rewards, they seem to offer them all. In my opinion though, the best reward around is cash back.

Picture a cash back credit card like getting a sale price or a rebate on everything you buy. Every time you purchase something, you get a certain percentage back, almost like a rebate when you send it in after a purchase. This is how a cash back credit card would work. Depending on the credit card company, you're going to get a rebate in either the form of a check or a statement credit. Depending on what you want, you're going to have to do the research to decide on which credit card will work for you.

Cash back credit cards have so many plus sides, I tend to believe they outweigh the negatives. The best form of a reward is cash seeing it can be used on everything and if you get five percent back, that's five cent on the dollar. Just imagine how fast this will add up over time. You're going to get all of these rewards just for making purchases.

When people try to think of negatives when it comes to credit cards that offer cash back, it's really hard to actually find them. Most of these cards offer a low APR rate, they usually offer an introductory zero percent offer, and are generally like most credit cards on the market, if not better because of the cash back status. So, if you're looking for a negative side to this, you're probably out of luck because a lot of people can't point things out.

Now I will point out that some cash back credit cards do offer a limit which you have to look out for. This limit will usually be stated in the terms and conditions. A limit means that you can only get so much cash back. Once again, this will all depend on the credit card company itself. I'll put the limit in an example. Let's say that a company only allows you to get five hundred dollars cash back per year. This is going to be the maximum amount you can get back. You'll still be able to use the card but it won't have any rewards. Your best bet is to find a card that has no limit on the cash you can get back.

When you finally find that perfect cash back card, you're going to be on the road to getting a ton of rewards. There's no better reward than cash itself. The next time you're looking for a reward credit card or you're looking for a credit card that fits your needs, I would highly recommend a cash back credit card.

วันศุกร์ที่ 8 กุมภาพันธ์ พ.ศ. 2551

Credit Card : Plastic Money, Friend Or Enemy?

Credit Card : Plastic Money, Friend Or Enemy?

by Smith James


With a rise in issue of credit card by the financial institutions, problems related to financial management has also grown three folds. Using your debit card for purchases is a sound decision to make. But when it comes to credit card buying, the situations are quite ironical. Using plastic money has its own benefits and problems. Nowadays, people are using more of plastic money than doing cash transactions. This has also given a rise in credit card debts and frauds.

Unlike debit card, the credit card comes with a fixed credit limit, which is fixed or extended according to the card holder's credentials. Never try to make full use of this limit without having a strict eye on your finances. Managing your finances is an easy thing to do, plan your expenditure. Using credit card without having control of your financial capability might leave you under debts. Try to keep only one credit card, this will help in having a proper view of your expenses.

The financial institutions, providing credit card facility to its customers, have policies regarding the usage. Some of the institutions have complicated terms and conditions, which are applicable on the customers. Sometimes, hidden charges arise out of these policies, which are not at all appreciated by the customer. There is a need of something, which can guide you over the pros and cons of the credit card industry. Guidance or a comparison of the services can prove to be useful before you go for a credit card.

Using a credit card is not at all dangerous. It is your ready and easy money whenever you need it the most. People prefer it more than a bridging loan. There are no problems related to debit card till you keep the card to yourself and the security information safe. Once you come under a credit card debt, you enter into trouble related to debt management and recovery agencies. Use of plastic money within your pay back limits is a convenience. Go for the best credit card after research, comparison and analysis.

Credit Card News You Can Use