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Charge Card

December 5th, 2007 by Shenron

A lot of people think the terms credit card and charge card as one in the same, but there are quite a few differences. Generally, credit cards let you make buys for which you are billed at a later time. Most credit cards allow you to take on a balance from one month to the next; although, you will have interest on that balance. Most of the time, you have to pay at least a minimum part of your balance every time you receive a bill. Charge cards are a special kind of credit card. Your balance on a charge card account is paid in full when the bill is accepted and will not be rolled over from one bill to the next. Because it won’t let you carry a balance, a charge card does not have a periodic or APR, so there is not a rate for a charge card issuer to disclose.

To ensure that consumers get uniform disclosure of rates and other information related to credit and charge card accounts, Congress passed the Fair Credit and Charge Card Disclosure Act in 1988. To enforce the law, the Federal Reserve amended its Truth in Lending regulation. Truth in Lending is set up to help the consumers see the cost and terms of credit. This regulation requires credit and charge card issuers to display their bills so that consumers can shop for the credit terms that work best for them. This brochure tells most of the features of the regulation.  The regulation always required credit card and charge card companies to show consumers things like the interest rate charged for credit, but the information is not always easy for some people to find.

Not all credit and charge card companies must provide all of their billing statements with easy to read headings and a toll free number so that they can be reached for any questions concerning the bill.  This information is designed to make the understanding of the bill easy and painless.

Truth in lending makes sure companies provide this information earlier than they did in the past.  Now, you are able to find out what a credit card will cost you before you are charged any fees.  If a company takes your application over the phone and there is a fee involved in the issuance of the card, the company must let you know then and there.  If there is no fee or there is no fee until the card is actually used, then the issuer is allowed to mail the information to you instead of giving it to you over the phone.  They also must deliver that information to you within a 30 day period, but they cannot give it to you later than the issuance of the card.

When you are applying for a credit or charge card, the card issuer must either tell you directly, in table form with headings, or he has to tell you how you can obtain the following information.  You must be told the APR for purchases made on credit cards only, how the APR is figured if it’s a variable rate, and what the issuer uses to compute your balance for purchases against which the finance charge is applied. You must also be informed how they calculate an average balance, the amount of minimum finance charge, any transaction fee for purchases, whether a certain dollar amount or percentage fee exists, and any fees for cash advances and fees for late payment or exceeding the credit limit. The new legislation also helps consumers understand the amount of the annual fee that you will be charged and when charges made to a charge card are due and payable.

Posted in Charge Cards, Credit Cards | | 0 Comments

Discover Card Balance Transfer

December 5th, 2007 by Shenron

Discover is one of the most popular credit card companies, and now their services are even more appealing because they offer balance transfer. This option makes paying bills and keeping track of monthly bill paying so much simpler. Discover is one of the leading companies in the credit card world, and offering balance transfer options gives customers the ability to consolidate all their payments into one. Transferring bills so that they are all paid with one payment will simplify lives of those who are trying to pay off their debts to multiple companies.

Discover card balance transfer makes this possible with their secure and easily accessible service. It can be time consuming when paying bills to many companies every month. A balance transfer with Discover takes that burden away from the card holder and allows customers to pay all their monthly debt with one single and simple payment. This can not only help card holders get a balance paid down quickly, but it can help to keep their payments more consolidated. Improved organization is important in maintaining healthy credit.

Debt consolidation is a popular way to manage payments. Discover balance transfer will allow you to transfer balances from other major credit cards as well as specialty cards, such as gas cards and department store credit cards. If you have a small loan, that can also be transferred and paid with the balance transfer program. These loans usually include vehicle loans, school loans and home improvement loans. This can be something of an insurance policy for card holders who might not be able to pay off their loan payment on time. By avoiding those penalties, you can effectively save hundreds or even thousands of dollars.

Transferring these balances will save in the extra interest you usually pay per month, as it will all be included in one payment from Discover. Discover takes it a step further and allows transfer customers to transfer balances from and household utility account that may have a balance. These tend to include electric bills, heating costs, phone bills and medical bills that are not covered by insurance. Having the option to consolidate all of these payments into one is a great benefit to being a Discover customer. A balance transfer option also opens up other benefits to card holders, as well. Taking advantage of these is essential to good financial success.

Transferring balances can be done online through the Discover site or on the phone by calling Discover customer service. To consolidate bills, you will need the most recent bill of the account you wish to transfer. Multiple transfers may all be done at one time. Once you have transferred your existing balances to Discover, you will be able to access the account at any time through the Account Center at Discover.com. The account center makes it easy to process as many as four transactions at one time. There is no limit as to how many transactions may be made.

The account center will automatically verify that all information is current and correct. Discover balance transfer is a quick and easy solution to debt consolidation. Reducing the number of paper bills you have to pay each month, combined with the time you will save, who could wonder why Discover is not an excellent choice? Balance transfer is the best way to manage multiple bills and active accounts. Rest assured to never miss a payment and incur late fees. All payments are made automatically and one single payment will be made by you to Discover. Balance transfer makes life simpler and makes consolidation a walk in the park.

Posted in Credit Cards | | 0 Comments

Chase Credit Card 2

December 5th, 2007 by Shenron

A Chase credit card can be a very valuable asset. By using your money responsibly, keeping good credit can make way for great things later in your life. Whether you are just starting out, or you are just someone who has not been in a position to establish a strong credit history, having a Chase credit card can be a very good and rewarding way to establish a good credit score.

A lot of people talk about credit scores these days, but too often people aren’t sure exactly what they are. Your credit score is based on your credit files, or credit history, which financial institutions use to tell whether or not you are a person who will pay your bills. This may seem unimportant, but when it comes to big decisions like buying a house, nothing is more important. Banks have to be able to trust that you are a solid person to invest money in before they will give you any kind of loan or mortgage. The way you can tell them that you are just that person is to establish good credit history. The way to establish a good credit history is through the responsible use of your Chase credit card.

In using your Chase credit card a good bit and paying your bills on time, you are proving undeniably that you have a clean track record so that financial institutions will give you money in the future. Each time you make a selection with your Chase credit card and then pay off the balance, you are proving you can handle the loaned money in a responsible manner. You don’t need to buy expensive items on your Chase credit card in order to improve your overall credit score. You just have to pay all of the purchases off in a reasonable and reliable manner.

Actually, it is very important that you do not overstep your budget while using your Chase credit card. Just like you can use a solid track record as leverage to get yourself access to funds later in life, if you have a shady track record, it will work against you. Banks don’t like to lend money to people who have shown that they are irresponsible with it in the past. So it is very important that you always pay for any purchases you make on your Chase credit card in the time you are supposed to, and that you don’t make so many purchases you can not pay for them.

Establishing good credit by using a Chase credit card does not just benefit you in the long run, though. When you are trying to establish good credit for yourself, you will probably start out with a small line of credit. After you have shown that you can use this line of credit responsively, then your limit will be raised over a period time. Higher credit limits on your Chase credit card give you greater flexibility with your financial life, and allow you financial freedom.

In addition, credit card companies like to save the best rates and features for the most reliable clients with the best track records, so every time you use a card responsibly, you’re improving your position with that company. Building on your credit with your Chase credit card can make you eligible for better interest rates and terms.

A lot of people don’t like using credit cards because they worry that they are a liability. Would it not ruin your credit if somebody stole your card and wracked up a bill you couldn’t pay? Not with a Chase credit card. Chase protects the card users, and does not hold them personally responsible for any fraudulent charges made to their cards.

Posted in Credit Cards | | 0 Comments

AmericanExpress.com

December 5th, 2007 by Shenron

When you think about applying for a credit card, AmericanExpress.com should be one of the first places that come to mind. In the past, it was a definite pain to apply for a card. Customers would have to go through a couple of pages of paperwork, and then submit those papers through the standard mail service. That was so difficult that many people just chose not to apply for a card. Now, if you want to get a great card from American Express, you can just go to AmericanExpress.com and fill out the easy online application.

There are many advantages to filling out your credit card application online. The first and most important of these advantages is the fact that it is lightning fast. Even if you are not a computer savvy individual, you can have the application completed in a matter of minutes. AmericanExpress.com makes their format rather easy and makes sure that you have all of the instructions in order to make everything run smoothly. When compared to filling out all of that old paperwork, there really is no comparison. Now, you can get things completed while reading your email or just surfing on the internet.

When it comes to doing business on the internet, some people might wonder about the security of the process. They might think that it is more secure to just fill out an application by hand and send it through the mail. This is absolutely not true. Filling out an application at AmericanExpress.com is as safe a process as there is in the credit card business. In short, it is even safer than sending things through the standard mail. The company, along with a bunch of other competing credit card companies, has made it a point to make the process a secure one. They use state of the art servers and software to protect your information from potential thieves. Therefore, you will never have to worry about your social security or bank information falling into the wrong hands. They have developed a system that is nearly fail proof.

Through the website, you can explore all of the different options that American Express offers and you do the research right on site. If you think you’d like to apply for a platinum card and you aren’t sure about the reputation of that, then all you have to do is point and click your way to more information. In the end, that is what is great about the internet. You can find out anything about a bunch of products in only a matter of minutes. This is something that couldn’t happen for customers if they chose to fill out an application and mail it in. They might complete the process blindly without much information.

You can apply for any number of credit cards through AmericanExpress.com. The website gives you all of the capability of applying through mail plus a whole lot more. If you are a student, then you can choose the student credit card. If you are a business person who needs a great card to get your company off of the ground, then you can also apply for that. The possibilities are endless as you get to choose from all of American Express’s great offers.

When considering the alternatives, filling out an online application is head and shoulders above the rest. You will know that your safety is the most important thing, with speed and convenience coming in just after that. If you’re thinking about getting a great credit card from American Express, then you owe it to yourself to stop by the website and see what it’s all about.

Posted in Credit Cards | | 0 Comments

Poor Credit Card

December 5th, 2007 by Shenron

Sometimes life can throw you curve balls, and when this happens you need a poor credit card.  Having poor credit does not have to be the end of your credit history, there are ways to rebuild your credit report.  You can do this by applying for a First Premier Card, which has many features and benefits that will help get your credit rating back to normal, if not better.  This poor credit card allows you to successfully restore the damage that may have been done to your credit history, for whatever reason. Credit card companies understand that sometimes, bad things happen to good people. Because of that, they’re willing to give you a second chance if you take measures to insure the success of that second chance.
The First Premier Card is the leader in poor credit card, because of its ability to literally change the history of your credit.  This is made possible by the various features that you will receive with this card.  When you have poor credit, it can sometimes feel like you are in a rut that you will never get out of.  However, this doesn’t have to be true, and with this poor credit card, you are able to actually re-establish your credit, giving you better interest rates and credit limits.  When you have a good credit score, it seems that your financial stability is made even more stable. In this way, credit can have a sort of snowball effect. Good credit leads to more good credit, while the cycle of poor credit can put you in an even deeper hole financially than you were to begin with.
With this poor credit card, you are able to receive a decision on whether or not you are accepted within 60 seconds, which is extremely quick in the world of credit card applications.  Unlike most of the other poor credit cards, this card gives you lower than normal APR on all of your purchases.  This is a major feature, because if you have poor credit, then you are used to extremely high interest rates that can sometimes make you go even further into debt than you already are.  The simple mission of this poor credit card is to give you an excellent opportunity to rebuild your credit, while still giving you the spending power that only comes from a First Premier Card.
Another great feature about his poor credit card is its ability to report monthly to four of the major credit bureaus.  This will help you re-establish your credit quicker, and easier, than you ever thought possible.  Just because you have poor credit doesn’t mean that your entire credit history has to be tarnished forever.  With this amazing poor credit card, you are able to actually gain a firm hold of your financial stability.
One of the best features about this poor credit card is the APR, as mentioned earlier.  The average APR for this card is 9.9%, which is much lower than nearly any other credit card.  There is an annual fee for this card of $48, however, when you realize the benefits that the card will give you, it is extremely easy to pay the annual fee.  Even if you have horrible credit, you are still able to apply for this card, since it has been designed for people like you.
No matter how your credit got to the way it is now; you are still able to regain control of your financial future.  And this poor credit card is the key to recreating your credit history, and giving you a much-deserved second chance.

Posted in Credit Cards | | 0 Comments

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