What is a Credit Card? Put simply, a credit card is just a small piece of plastic that easily fits in your wallet. Well, it's not 'just a piece of plastic'; it's a very powerful piece of plastic which can be regarded as a compressed form of cash. We can define credit cards as a credit system that allows the consumer to borrow money on the fly from a bank or a financial institution and use it to make payments to the merchants. In order to obtain a credit card, the consumer needs to fill-in an application form that is actually like an agreement between the credit card supplier and the credit card consumer. The credit card supplier approves the application form and provides the consumer with a small piece of plastic (i.e. the credit card). This plastic (or credit card) contains electronically encoded security information in the form of a magnetic strip (which is generally located at the back of the credit card). This information is used for authorising payments whenever the consumer uses the credit card. The consumer can use the credit card for shopping at merchant outlets or on the internet etc. Of course, this is subject to merchant's capability to accept credit card payments. Accepting the credit cards is, however, not enough. The merchant should be able to accept payments made through the credit card provided by that credit card organization (of which you hold the credit card) i.e. VISA, MasterCard etc. You can also use credit card to withdraw cash from ATMs (automatic cash machines) -- also known as cash machines or Day/Night machines. There are eight main credit card organisations and most of them operate in a lot of countries world wide. These are American Express, Citi, Diners Club, Discover, JCB, MasterCard and VISA. Master card and VISA are probably the most popular ones. Then there are credit card suppliers or issuers who have tie-ups with these organisations and issue credit cards on their behalf e.g. you have various banks that issue VISA cards (like HSBC VISA card) To make a payment using a credit card, the credit card has to be either swiped into special credit card processing machine (when shopping in person at shops) or the details of the credit card have to be entered on the merchant's website (when shopping online). The credit card supplier sends across the bill for these transactions to the consumer who is then required to pay either the full amount or a partial (minimum) amount. If you pay in full, the credit card supplier doesn't charge any interest on the amount you owe, otherwise the pre-agreed interest rate is charged. If you don't pay even the minimum, you might land up with a late fee too. Moreover, the credit card supplier generally puts a limit on the maximum amount you can spend per month using your credit card. Ideal Offers For Credit Cards With many people, looking for the best credit is a very tough task. Even though there really is no "best" credit card, there are credit cards out there that are the best for you. There are many different types of credit cards available, some that may be for you and some that won't. With so many to choose from, it can be tough finding your ideal credit card. No matter type of lifestyle you have, how much money you are looking to spend, or how you plan to use your credit card, the one thing you should always pay very close attention to when choosing your card is the APR. Most people, choose the credit cards with the lowest APR, which gives you better interest rates. The lower the number of APR you can get, the less you'll have to pay. Many times, the best credit card offers are those with the lowest interest rates. No matter what type of credit card you choose, you should always pick the one that best fits your needs and interests. If you look at several of the companies and compare their rates, you'll find the best possible deals. You should always compare companies and what they offer before you make a decision, so that you can find which company fits as your best credit card offer. If you have never applied for a credit card before, you may find it quite difficult to get a low interest rate. If this is the case, you'll find other offers that will give you what you need. Those of you who have bad credit or no credit, will obviously need to look into credit cards that will give you credit at the best possible deal. Once you have had your credit card for period of time and begin to establish credit, you'll be able to go back and apply for credit cards that offer a much lower APR, or interest rate. Although you may get an offer from a company that sounds amazing, you should read the fine print before you sign the dotted line, then look around at other companies. With the credit card industry being so competitive, there are hundreds and hundreds of companies out there willing to compete for your business. Before you rush into an agreement, you should always find out what other companies will off you. No matter how you go about getting your credit card, you should always look around for your ideal credit card offer. Even though your choice may be questioned by others, it will be the credit card that you feel most comfortable with. If you put some time and research into looking and compare other offers -- you'll find the best credit card for you and your money. Credit Cards With Cash Rebate Credit cards with cash rebate incentives give you cash rewards each and every time you make a purchase with your credit card. Although there are many types of reward credit cards out there, more and more companies are leaning towards cash back incentives, as most people prefer to receive cash back over any other type of reward. For many, getting cash back is far preferred over air miles, items, or any other reward. If you like to use your credit card often, then you'll find that cash rebate credit cards will give you a lot of money in return. Normally, these types of credit cards entail higher fees and APR. You don't want to carry a high balance on these cards at any time, as it normally ends up very costly. If you can off your balance at the end of the month, then your APR won't affect you. Paying off your bill will also allow you to take full advantage of the cash rebate reward. The percentage of cash back will vary, although most normally have 1%, with 5% being applied with certain purchases. For every purchase you make using your cash rebate credit card, you'll get a small amount of cash back. Using your credit card on a frequent basis will give you a lot of cash back at the end of the year. If you make big purchases, you can get a lot of cash back by using your credit card, although some may have a limit on just how much of a rebate you get back. If you plan to purchase large items such as furniture, you should check into your cash rebate credit card and find out what the rebate is on these types of purchases. The better rebate cards will normally send a lot of rebate cash your way just for purchasing some of the larger items. Before you get a cash rebate credit card, you should always find out how much of a reward you will be getting with each purchase, and what the limit may be. Once you have reached the limit, some banks will either send you a check, deposit the reward into your bank account, or simply add the reward to your credit card. All three are wise options, although most prefer to have the money added to their bank account -- so it can help draw some interest. If you research the rebate card and find out what other features are included, you'll normally come out a winner. Make sure you inquire about the credit limit, fees, and other things that you feel you should find out. Once you have researched and found out what you need to know -- you can get a cash rebate credit card and begin living life knowing you will be getting cash back for just about anything you purchase. Maximizing the potentials of a low APR credit card Indeed, if a credit card is used properly, it can be the most powerful financial tool. But not everybody can afford all the expensive rates of most credit card issuers offer. This is where the low APR credit card ushers in -- to help people who plan to maintain a balance on their account and not to pay the full amount monthly. But, what does APR stands for in a low APR credit card? Basically, APR is the cost of credit as a yearly interest rate. APR stands for "Annual Percentage Rate" of charge can be used to compare different credit and loan offers. The APR on credit cards is usually calculated monthly based on the current amount in the card. The monthly interest is calculated as if the current card balance would remain the same over a year; the interest on the amount over a year (APR) is worked out and divided by 12 to give the monthly interest. It is a must that all lenders tell the client what their APR is before signing any agreement. Although the arrangements and terms may vary from lender to another, it is better for people to avail a low APR credit card because the lower the APR, the better the deal for them to spend more money in shopping around. Why choose a low APR credit card? Low APR credit card is a good choice for those people who are into a tighter financial budgeting. Being the most important attribute of a credit card, APR determines the significant balance over a longer period of time. In a low APR credit card, the amount of interest one must pay on his or her credit card balance depends on its APR because the lower the APR is, the better it is him or her because it means they have to pay less interest. APRs in a low APR credit card can either be "fixed" or "variable." If you are planning to have a low APR credit card, there are so many cards that offer low APRs that can be found online. These low APR credit cards are chosen using a factoring scheme that organized these cards by computing a number of their attributes to place the best deals at the top. Some of the questions one have to ask when looking for a low APR credit card includes the charges -- if they vary or a fixed rate; and if these charges are variable because it might affect the repayments and if these rate are fixed or will it stay the same. Searching for a low APR credit card may also include inquiries on the possibility of any charges that are not included in the APR like optional payment protection insurance or an annual charge. If there are any, make sure that you understand what they are and when do you have to pay them. Lastly, looking for a low APR credit card should include questions on the conditions of the credit and how would these conditions suit you. If you are now seeking for a low Apr credit card you may begin looking for a scheme that could help you save hundreds in interest with a low interest credit card and low cost processing. Most low APR credit card offers 0% APR for the first months on purchases, cash advances, and balance transfers. Through these, low APR credit card can warn rebates towards any item purchased. They also offer $0 liability on unauthorized purchases, and no annual fees. Some low Apr Credit Card that have very good intro rate for purchases is recommended for those who would want to avail one. They also offer good deals if one carry high balances on other cards and need to transfer the balance. Indeed, having a credit card can be useful and convenient, and can even help build a strong credit history that will help you with future activities like home-buying, paying for higher education, and even finding a job. But, before you apply for a card, consider the advantages and disadvantages especially with the current financial situation you are in. Bank Secured Credit Cards Even though there are many types of credit cards out there for consumers, there are few for those with bad credit. Those who are looking to repair their credit have a few options available, one of which is the bank secured credit card. This credit card can help you to repair your credit, as it works in conjunction with your savings or checking account. Bank secured credit cards look and work just like traditional credit cards, although they use your bank account as collateral. Anytime you aren't able to pay your credit card bill at the due date, the bank will take the money out of your account. This way, there is always money there for the bank, in the event that you are unable to make your payment. Bank secured credit cards are also ideal for those who have a bankruptcy or simply don't qualify for a line of credit due to bad credit or no credit history. These credit cards show your bank that you are able to pay your monthly dues, and that you are taking the necessary steps in rebuilding or building your credit. Over time, if you remain responsible and pay your bill on time, your bank may give you an unsecured line of credit -- known as a standard credit card with no collateral. Due to the fact that bank secured credit cards only allow you to spend what have in your account, you don't need to worry about debt. When you can't make a payment, the bank simply takes the money out of your account. Although this is a great back up plan, you should always pay your bill and never let this happen. Just like other credit cards, bank secured credit cards do have disadvantages that can hit you like a ton of bricks should you use the card irresponsibly. Anytime you don't pay your bill on time, the bank can hit you with high interest charges and late charges. These charges and fees can get higher and higher if you don't start paying your bill, which can eventually cause you to drain your account that you set aside. If you pay your bill on time though, you won't have to worry about being hit with these types of charges. For those who have bad credit or need to start building credit, a bank secured credit card is a great place to start. These cards can lead you to an unsecured credit card, providing you pay your bill on time. Almost all banks offer these credit cards, all you have to do is ask. Once you have kept your credit card in good standing for a period of time -- you'll have the satisfaction in knowing that you are taking the right steps in rebuilding your credit. Options For Good Credit Cards Those of you who are looking to get the best options with your credit card, should first look into the terms associated with that card. There are a lot of different features that you can get with credit cards these days, including low APR, rewards, no annual fees, and several other perks designed to keep you using your credit card. There are several credit cards that you can choose from as well, giving you a slew of different options. There are credit cards with instant approval, credit cards with low interest rates, cash back credit cards, reward credit cards, and even prepaid credit cards. If you have good credit, you won't have a problem getting any type of credit card you desire. Most people think of the best options with credit cards being the rewards. Reward credit cards are great to have, as they give you extra incentives for the money you spend. Whether it's cash back or points to redeem towards hundreds of items, cash back cards make it worth your time and interest to use your credit card. These cards are becoming very popular, as they offer you features that other types of credit cards generally don't offer. Another great option for credit cards is low APR rates. Your APR, or annual percentage rate, is the amount of money that you pay at the end of the year for your credit card. If you can get a credit card with low APR and low fees, you should hang on to that card. Credit card companies and banks are always competing for your business, and you can normally find credit cards these days with some truly impressive features. To get the best possible options for your credit card, you should always shop around and compare what each company or bank has to offer. Most options found on credit cards will vary from company to company and bank to bank. If you have access to the Internet, you should use it to find yourself the best possible credit card. There are literally hundreds of credit card offers found on the Internet, many of which offer you some truly great options with their credit cards. Before deciding on your credit card, you need to determine which options are the best for you. This way, you'll know exactly what to look for. The better credit cards will include several different options, such as low APR, low fees, and certain rewards as well. These types of credit cards are easily the best investment, as they give you a lot of bang for your buck. If you play your cards right and look for the right credit card -- you'll get the options you desire with a credit card that you'll be proud to use. Choosing Your Reward Card When you are in the market for a new credit card, the features you have to choose from may draw you to the card. Low interest rates and the types of rewards you can get, are what draw many to reward credit cards. Those of you who have good credit, will more than likely be able to get reward cards that boast 0% APR. This does have an introductory period, normally 1 year, that goes along with your new reward card. You'll also need to think about the type of card that best fits your lifestyle. The credit card field is very competitive, meaning that you always have a lot of offers to choose from. Reward cards and becoming very popular, with more and more coming out all the time. If you look for your reward credit card on the Internet, you'll be able to compare hundreds and hundreds of offers -- and decide which one is indeed the best for you. Those of you who travel on a frequent basis, may find frequent flyer reward cards to be very beneficial. These credit cards will accumulate either points or miles for every dollar that you spend. You can then use the accumulated points or miles and redeem them for airline travel, hotel reservations, car rentals, and even cruises. These credit cards can also help you with discounts as well, which can make a vacation or business trip more affordable than ever. If you like to pay your full balance at the end of every month, then you may find a reward credit card with a cash back feature to be the most enticing. There are some cards that offer cash rewards of up to 5%, which can equal quite a bit at the end of the year. All you need to do with cash back reward credit cards is make a purchase, and you'll get money back for everything you buy. Other types of reward credit cards include discounts on gas purchases, contributions to your savings account, and points that you can redeem for great items and things of that nature. No matter what your lifestyle may be, you can almost always find a reward credit card that fits your needs and interests. Reward credit cards are great to have, as you can buy the things you need and earn points, flyer miles, and even cash back. If the sound of rewards with your credit card purchases sounds enticing, you should look into getting a reward credit card. These cards are great to have, as most include low APR with great reward incentives. They can save you money as well, which is great for those on a budget. With a reward credit card -- no matter what you choose you'll come out a winner. Bad credit credit card A bad credit credit card "Bad credit card card" is used to refer to credit cards that can be obtained even with a bad credit rating. The bad credit card cards provide opportunity to people (with bad credit rating) to improve their credit rating. In that sense, bad credit credit cards act as rescuer for such people. So, bad credit credit cards also act as necessary a training ground for people who have not been able to control their spending urge in the past. Bad credit card cards are commonly known as secured credit cards. The bad credit card card (or secured credit cards) requires the individual to open up an account with the credit card supplier and maintain some cash balance in the account. Why is that required? Well, credit cards are a business for the credit card suppliers; so how can they trust someone who has defaulted on his/her payments in the past? After all, a business is about profits and such risks are a threat to profits. The bank or the credit card supplier will generally pay interest on the balance in your account. However, it's best to check this with the bad credit card card supplier/bank. The credit limit on the bad credit card card is determined by the cash balance in the account and is generally between 50-100% of the cash balance. These bad credit card cards are also referred to as debit cards, owing to the fact that they work less in a credit-giving manner and more in a debit-giving manner. There are plenty of bad credit card cards available in the market. When searching for the bad credit card card that is best suited to you, you should consider 4 things in particular: the minimum balance that you are required to maintain in the bank account, the credit limit that you will receive (i.e. the percentage of your bank account balance that you are allowed to spend on your bad credit card card), the fees/other-charges applicable to the procurement of bad credit card card and the rate of interest that you will receive on the balance in your bank account. An ideal bad credit card card would have no fee/other-charges associated with it and would require zero or a very small amount as minimum bank balance. It would also have something like 90-100% of bank balance as its credit limit. Moreover, an ideal bad credit card card would also offer a good interest rate on the bank balance. Bad credit card cards are really a good concept that provides respite to people with bad credit rating by letting them enjoy the benefits of credit cards while they mend their credit rating. How to deal with credit card offer If you're a person who carries a balance, credit card offer might be the least thing on your mind right now. Credit card offer, no matter how enticing and convenient it might seem, may be the most expensive loans made by banks, department stores, and gasoline companies for you. Sometimes, no matter how hard you try not to give in to the temptation the credit card offers, material cravings can sometimes be more powerful than the will of the mind. No matter how hard you try to resist the convenience and leisure the credit cards offer, you cannot help but to indulge. And the moment the credit card issuer offers you a card you can hardly wait for t to be approved and to use it to pay for items and services you fancy. To avoid going beyond your credit limit, by now, you should know when to resist and indulge into the convenience the credit cards offer. Knowing how much the service provider or the store merchant collects from what you owe to your card issuer, you shouldn't allow yourself spend what you don't think you cannot pay. Or, by now, you should learn how to pay off what you owe each month, as long as you pay a minimum amount each time because this is what you get from what the credit card offers: interest on the balance you owe at the end of each period if do not pay the full balance every time your bill arrives. If you are having problems saying "no" to credit card offers, the most effective way to prevent yourself in engaging into another compromise is a little bit of truth serum -- how much credit card issuers get from the transaction you engage with them. Although credit card offers the almost priceless campaign ultimate convenience, think about this: the people who offer credit cards generate high profits from the people they have issued the card. Basically, reciprocal to what the credit card offers, is the high rate of interest. The convenience credit card offers sometimes no longer mounts up to the interest on credit cards alone but also from the bulk of accounts the bank profits for every credit card issued. There are also those companies that charge an annual fee as part the credit card offer. But most of these companies sometimes charge late fees, over-the-limit fees, and other "miscellaneous" charges that the credit card holder often mistook as part of the service charge. Now, knowing how much you really "contribute" to the companies' profit every time you pay what the merchant charges or every time you pay the fees to service providers -- would you still be blinded with what the credit card offers? What you can do Wanting to breakaway from the habitual indulgence to credit card offer? Here are some tips that can help you veer away from the constant misleading promises and overwhelming credit card offer. Before you give in to what a certain credit card offers, think first what's the purpose of filling out an application for a credit card and why do you need it and how sure are you that you can comply with the conditions of having another card. If ever your needs really demand for a credit card, then you must look for the most suitable type that will work best for your specific situation. Sometimes it is not enough to shop around for credit cards based of what they offer. More often than not, it pays to understand the terms of what the credit card offers before you getting the card. You must also take time to review the disclosures of terms and fees might appear on credit card offers you receive. If you are really a person who cannot say "no" to numerous credit card offers, you must learn to pay bills punctually so the interest and charges are as low as possible. It also pays to read monthly statements while keeping the copies of sales receipts so you would compare the charges. Indeed, having a credit card has become ingrained in the consumer's psyche. That's why it is imperative that people understand clearly the responsibilities of being a credit card holder and not juts base their assumptions on what the credit card offers. "Online credit card usage" -- convenience at its best Commerce and technology, combined as a one package -- this is what online credit cards are. With the advent of internet, the knowledge and communication barriers were broken. Also, with internet, came the concept of e-shops or virtual shops that existed only on the internet. You could shop at these shops by making use of their online credit card payment-acceptance ability. Once the online credit card payments were verified and approved, the goods got delivered to your door. This is what we call convenience at its best. With more and more e-shops getting setup everyday, online credit card usage is becoming even more popular. The possibility of receiving online credit card payments has given a totally new dimension to shopping. Now, you can not only shop from the comfort of your home, you can even get discounts on these products. This is really amazing. No need to bother about the weather, no need to worry about the traffic jams or any other thing. Just go to an e-shop, select a product, make use of their online credit card payment-acceptance facility to make the payment and be ready to receive the goods at your doorstep. With online credit card processing facility, starting a business (an online business) has become just unbelievably easy. However, there is nothing without pitfalls. One of the pitfalls of online credit card usage is the possibility of online credit card fraud. This online credit card fraud can happen in two ways. The first one is related to the company, on whose website you made online credit card payment for purchase of goods; this company itself could be fraudulent i.e. it could take the online credit card payment from you but not deliver the goods to you. Moreover, they could use the details of your credit card (received through the filling up of online credit card payment form by you) for fraudulent purposes. The second type of fraud is committed by fraudsters who use various softwares/devices to capture the details of online credit card payments (as you enter them on the online credit card payment form of a website). These softwares are popularly known as spyware and these fraudsters as online spies. The spyware works by capturing keystrokes or taking screenshots of whatever you do on your computer and then passes it on to the spy. However, there are anti-spyware softwares available which can be used to counter such spyware. So, the advent of online credit card usage facility is a boon to us. However, you must exercise caution when making online credit card payments e.g. don't access your bank accounts or make online credit card payments from internet cafes (unless you are absolutely sure about the credentials of the internet cafe). How fast is your credit card processing? Are you ready to swipe your credit card for the very first time? Really? Or are you already on your way to your second credit card? By the way, do you know it takes ages for you to get your credit card processed? Well, for starters let's look into the credit card processing stage of your application and why does it take you ages to have that other card. The first thing that your bank looks into in the stage of credit card processing is the account that you have in other credit card companies. Normally this part of the credit card processing stage -- this is where people in banks get down and dirties with their records and other companies' records. This would also include how long was the credit card processing stage when you applied for your other cards. This usually means that your bank is trying to find out how much your worth really is. This is the part where they categorize you in subgroups. This also usually means that it's either you're a good payer or they would have a have time chasing after you state to state. If this happens in the credit card processing stage, the bank would usually require you to give them an alternate address where they send you the bill, by the way this just means that they want to be sure that you are going to pay! And if you get past this stage of the credit card processing with minor injuries to your ego, the next step will be to find out if you have any unpaid balances or other credit card processing with other banks. This just means that they are trying to find out how cards are able to for and you'll be able to pay for theirs once you've passed the credit card processing stage. They usually do this to counter check if you do have the capacity of paying for a number of credit cards so they won't get stuck a person that cant. And when you get passed this stage, still with minimal damage to your ego, the next step in the credit card processing stage is to verify your identity as a US citizen. Because of the US Patriotic Act, everyone trying to get anything in the US is required to have their identities verified because they don't want terrorist getting anything inside US soil especially getting past credit card processing. And the last part of getting past the credit card processing is to have all the things they need to check in order and to meet the standards of their company, in a nutshell, to get a credit card and to get through credit card processing, you must have other credit cards that are active. Two, you must be a good payer and three you must not have a last name that sounds like you are from Afghanistan -- that is. Anyway, you might be having problems when it comes to your credit card processing, most it the time, it's worth the wait. Credit cards is great financial tool is used correctly and properly. It will enable the credit card holder to manage his or her finances. Having a credit card also ensure not only your money and your life as well because it is very convenient compared to carrying cash or checks every time you have to buy or pay for something. All about College Credit Cards College credit cards are the credit cards that have been specially designed for college students. College credit cards are more popularly known as student credit cards. College credit cards allow the students to experience the benefits of credit cards much earlier in their life. Through college credit cards, the college students are able to learn more about credit cards and their use. In fact, for most of the students, their college credit card is their first credit card that acts as a gateway to the world of credit cards. Some other students might have previously used supplementary credit cards linked to their father's credit card account; however, for such students too, their college credit card is the first one that is truly theirs. College credit cards are not very different from other types of credit cards in the basic sense; they function in the same way as any credit card would. However, there are some differences, which basically arise from the fact that college credit cards are used by people who have no prior experience with credit cards and who perhaps don't understand the concept of credit cards completely. Hence, the credit card supplier is at risk with issuing credit cards (college credit cards) to such people whom he is not sure about. Most of the students don't have a credit history either. In such a case, the supplier of college credit card cannot be sure of receiving the credit card bill payments in time (and even receiving them at all). To counter such risks, the supplier of college credit card requires the parent of the student to co-sign the college credit card application form as a guarantee. Moreover, the credit limit on college credit cards is generally around $500-$1000 per month, which is lower than what it is for other credit cards (this credit limit is generally sufficient to fulfil the typical needs of a student). Another risk mitigation instrument used by the college credit card suppliers is the interest rate or APR. The APR on college credit cards is generally higher than that for other credit cards. Again, this is done to dissuade the students from overspending on their college credit card (and finally not being able to pay their credit card bills). However, if we were to look at these impositions in a positive sense, we would find that these are actually in favour of the student (who is still getting trained to take on the real world of credit cards). Moreover, college credit cards also help the students in establishing a (good) credit history which is another important benefit that becomes handy when the student needs any type of loan at a later stage in his/her life. So, college credit cards are really something that every student should consider going for. How To Avoid Late Fees Although it may be overstated, there is a lot of truth to people ruining their credit score due to missing payments and paying their credit card bills late. The fees can pile up and the interest rates can grow before you know it, and after a while you won't even be able to pay the minimum amount of payment. If you don't do something fast -- it could be the beginning of the end. To make sure this don't happen to you, you should always pay your bill on time, and always avoid missing a payment. Sometimes, it can be hard to make your payments on time, although you should always do everything in your power to ensure that you stay on top of things. Below, you'll find some tips to help you with your credit card payments. As stated above, you should always pay your bill on time. If something comes up and you aren't able to pay, you'll be penalized. Even though you may think what has come up will justify a late payment, it doesn't justify the means in the eyes of your credit card company. Inside of your bill, you'll find detailed instructions regarding payment. You should always follow them as accurately as possible, pay where and when you are supposed to pay -- and do it on time. If you simply aren't able to pay your entire bill, you shouldn't worry about it -- but instead pay the minimum amount possible. Even though you may be able to pay more later, you should always pay at least the minimum amount. Then, when you have more money, you can always add to your minimum payment by sending in an additional payment. The easiest way to do this, is to always have the minimum payment amount set aside, so that you have it once your credit card bill arrives. Once you have assured yourself that you won't be penalized or charged any late fees, you should look into paying a higher amount than just the minimum balance. By paying the minimum amount, you'll also ensure that no other fees will be added to your next credit card bill. Another option includes skip a payment, although you'll need to check whether or not your credit card company offers it or not. This service will allow you to request a waiver regarding your payment, when something comes up and you don't have the money to pay your bill. Make sure that you use this service wisely if you have it, as it can only be used once a year. Therefore, you should always ensure that the situation is truly an emergency and there are no other options available for you. This service will normally have a cost as well, and you'll need to pay it the following month. Although credit cards can be great for numerous reasons, you should always know your interest rates and have a good general idea of what your bill is going to be before you make a purchase. Many times, those who have credit cards will make purchases, knowing they can't make the payments -- then suffer when they get the bill and aren't able to pay it. Anytime you have a credit card, you should always make sure that you have the money to pay the bill, or the minimum amount, the minute it arrives. This way, you'll remain in good standing with your company and your credit score will continue to increase. If you simply aren't able to make your payment, you should contact your credit card issuer immediately and see if you can work something out. Getting A Higher Limit On Your Credit Card Nearly everyone who has a credit card always has the goal of a higher line of credit. A higher credit card limit will enable you to make much higher purchases, normally purchases that you are unable to get with your current line of credit. There are ways that you can get a higher credit limit. Below, are some tips that will help you raise the limit of your credit. The most important thing to do when improving your credit limit is to improve your overall level of credit worthiness. This tells banks and lenders that you can be trusted with credit, and that you are little to no risk for them. When lenders and banks look at your credit report, this is the first thing that they look for. You can attract a lot of positive attention with a credit card company or bank with your finance purchases. You should pay them every once in a while, although you shouldn't go out of your way to make a habit of it. Normally, this should be done as a last resort when all else fails to increase your overall chances of raising your line of credit. Once you prove to a bank or credit card company that you can be trusted to borrow money, they may raise your line of credit. You should be careful with this strategy however, as this could only apply to your bank or current credit card company. Having a higher credit line may allow you to have more purchasing power, although it can also leave you with more fees and even an increase in your current interest and APR charges. Another great way to increase your credit limit is to use your credit card every chance you get. When you have a credit card, don't use it just for emergency purposes. If you save your credit card for emergency purposes only, you'll rarely use it. When this happens, your company will begin to wonder about your spending behavior and ability to pay it back, therefore they will start to think twice about giving you a higher line of credit. When you send in your payment, always try to pay more than just the minimum amount. If you can afford to, you should try to pay the whole outstanding amount. Doing so shows credit card companies and banks that you are striving for better credit. This way, you'll show them that you deserve to have a higher line of credit. If you follow the above tips, you'll get your credit limit higher in no time at all. Once you get your limit raised, you should protect it at all costs. If you continue to strive for perfection -- you'll get a higher line of credit than you ever thought possible. Low interest credit cards A lot of people just look at low interest credit cards when they are looking to get a credit card for themselves. The credit card suppliers too advertise low interest credit cards more that any other kind of credit cards. However, should low interest credit cards be the only ones on your list when you are hunting for a credit card? Probably not. For some people, interest rate or the APR is probably the most important thing to look for when selecting a credit card. However, that doesn't hold good for everyone. Low interest credit cards are good and should surely be on your list, but APR is not the only thing to look for. Let's start with understanding what an APR (annual percentage rate) is and where its importance lies. APR is simply the interest rate that is used to calculate interest on the balance in your credit account with the credit card supplier. There is no interest charge if you make the full payment of your credit card bill (by the due date). However, in case of a partial payment, you will need to pay an interest on whatever you owe the credit card supplier. The APR is backward calculated to get a monthly rate and the same is applied on your balance to calculate the interest for the applicable period. That means, people who are not sure about being able to pay the full amount, every time, should surely look for low interest credit cards. A low interest credit card helps in reducing your total outgo by curtailing the interest you pay on your balance. So, low interest credit cards help in slowing down the rate at which your credit card debt builds up. Thus low interest credit cards are surely important for a particular group of people, as stated above. Besides this group, there are others who don't really need low interest credit cards. These people are capable of (and intend to) pay off their credit card bill in full every month. Their purpose in using a credit card is convenience and other benefits associated with the credit cards. So, be it low interest credit cards or high interest ones; it really doesn't matter for them. So the need for low interest credit cards is more felt by a particular group of people. However, even if you go for a low interest credit card, you need to pit the various low interest credit cards against each other (vis-ā-vis the other benefits they offer) and then select the low interest credit card that is best suited to your needs. So, first you need to evaluate whether you need to go only for low interest credit cards and then select the low interest credit card that fulfils your needs. After all, you don't go hunting for a credit card everyday. Credit card services Credit cards have gained so much popularity amongst the masses that no business can be termed as complete and efficient if it doesn't use credit card services. Really, without credit card services, most of the businesses would end up losing a significant chunk of business opportunities. Some people go to the extent of classifying such businesses (which don't use credit card services) as non-serious businesses. So what are these credit card services that we are talking about? In simple words, by credit card services we mean the ability to accept credit cards as a mode of payment. Well, we can also term the use of credit cards as a credit card service. However, generally, credit card services will include the services that enable acceptance of credit card by a merchant. So, for a shopkeeper, use of credit card processing machines to accept credit card payments, is a credit card service that he is providing to his customers (and he himself is receiving this credit card service from the provider of credit card processing machine and others involved in making this process so smooth). Since carrying cash is no more a common practice, any shop that doesn't use/provide such credit card services would end up losing a lot of customers because customers can't pay with anything other than a credit card. So, for most merchants, providing credit card services (or credit card processing services) to their customers, has become very essential part of business. With the internet boom, came a lot of online businesses. These businesses were in the form of virtual shops (or e-shops) that existed either only on the internet or were a virtual extension of physical shops. All these businesses (some selling goods, some selling services), needed a way to accept payments from their customers. This gave birth to online credit card services. The simplest use of these online credit card services is in the form of a simple webpage/web-form that asks you to provide your credit card details. These details are then verified and processed to debit the amount from your credit card and credit it to the merchant's accounts. Since credit card details are sensitive information, these websites started implementing mechanisms/ technology to secure it and prevent it from getting in the hands of fraudsters. Such sites are now called secured websites and form the backbone of e-commerce. Besides these basic ways of implementing credit card services, the credit card services are provided in some other forms too e.g. over-the-phone payments using credit cards, use of third party online credit card service providers who provide you with an interface to accept credit card payments. So, there are a lot of different ways in which credit card services are implemented and as the time goes by, the expanse of these credit card services is sure to increase. After you pay off credit card debt Credit card debt is a very big problem that is being faced by a lot of people who have been irresponsible and undisciplined in the use of their credit card. Though some might have landed up with credit card debt due to some unfortunate event/emergency in their life, most people carry a credit card debt due to their own wrong doings (i.e. wrong usage of their credit card debt). There are a lot of ways to pay off credit card debt and a lot of people do achieve this feat (i.e. are able to pay off credit card debt). Surely, to be able to pay off credit card debt is really a great achievement in itself for not everyone is able to pay off credit card debt. It takes a lot of discipline, restraint, planning and perseverance to finally pay off credit card debt. However, there is more to paying off credit card debt then just being able to pay off credit card debt. Here we are talking about the life after you pay off credit card debt successfully. As mentioned before, of all the people that try to pay off credit card debt not everyone is able to pay off credit card debt i.e. there are some failures too. However, some people fail after they have succeeded in paying off credit card debt. These are those people who let themselves loose and go on a spending spree as soon as they pay off credit card debt. Soon, these people again land up with a credit card debt and are again trying to pay off credit card debt. So, it's not enough to just pay off credit card debt, it's equally important to maintain a debt-free status even after you pay off credit card debt; only then can you enjoy a stress-free life in the world of credit cards. So learn your lessons well and do not let yourself loose on the path to another credit card debt. Most of the rules that you followed when you were trying to pay off credit card debt, will also hold good after you have paid off your credit card debt. Here is a quick synopsis of things that you should take care of even after you pay off credit card debt: 1) Do not overspend. Yielding to the sale offers for something that you don't really need, is a big mistake that leads to overspending 2) Always remain within 70% of your credit limit. 3) Make credit card bill payments in time and in full. 4) Don't hold more than 2 credit card accounts (two are enough for anyone) These are just very basic things; you can add more based on your own experience and knowledge. Should I use an agency for credit card debt settlement? Some people like to deal with their credit card debt all by themselves. However, some people do use credit card debt settlement agency. There can be various reasons for going for a credit card debt settlement agency. Some people use a credit card debt settlement agency because they are not comfortable in dealing with credit card debt settlement by themselves. Some go for a credit card debt settlement agency because they don't have the time to do the research and evaluate options for credit card debt settlement. Others just want professional advice and hence they contact credit card debt settlement agency. Whatever be the reason for employing a credit card debt settlement agency, a good credit card debt settlement agency would surely be of help. However, it's important that you select a good credit card debt settlement agency. Do not fall for ads of credit card debt settlement agencies that promise to wipe off your debt overnight. No credit card debt settlement agency or anyone else can do that. You should select a credit card debt settlement agency which has verifiable credentials or a credit card debt settlement agency that you know has a good reputation. If some friend has been through this process previously, they might be able to recommend a credit card debt settlement agency to you. Sometimes you will find ads that promise impossible things and ask you to call a telephone number that's a premium line. So beware, or else you might end up paying heavy phone bills that would just add to your debt. Some credit card debt settlement agencies might be having a very low fee but no reputation. These are again the credit card debt settlement agencies that you should avoid. However, once you find a reputable credit card debt settlement agency, do not try to hide debt related information from them, no matter how bad your debt it. That is another reason for looking for a reputable credit card debt settlement agency. If the credit card debt settlement agency is not a reputable one, you would not be able to trust them; and trust is very important here otherwise you will neither be able to tell them the full story and nor follow their advice. That said, it's important to note that no credit card debt settlement agency will be able to help you if you are not ready to help yourself. So, follow the advice given by credit card debt settlement agency and practice good spending habits. Rejection of your credit card application As time progresses, more and more people are joining the revolution called 'Credit card'. Yes, it's really a revolution. Now you don't need to worry about how much cash you have in your pocket when you go shopping, just carrying this small piece of plastic (credit card) is enough to assure you of a good shopping treat. You can use your credit card to order things from the comfort of your home (on the internet). So the number of credit card applications seems to be on the rise. However, not every credit card application turns into a physical credit card. Some credit card applications get rejected too. Let's check why a credit card supplier would reject a credit card application when he has spent so much time and energy (and money) on wooing new customers. One obvious reason for rejection of credit card application is human error i.e. the error committed by you in filling up the credit card application. These can be small mistakes like a wrong telephone number or wrong name or the postal code might be wrong. It's normal to make mistakes, after all we are human being and no human being can be termed as perfect. Another strong reason for rejection of a credit card application could be missing mandatory information i.e. when you forgot to fill-in some mandatory information in the credit card application form. Sometimes, the credit card application could be rejected because the credit card application form has been filled-in in a handwriting that is illegible to the people processing your credit card application. At other times, the sales representative (of the credit card supplier) could have made a mistake in either depositing the form correctly or in guiding you in the filling of the credit card application form (newly hired sales representatives can make such mistakes). However, these human errors are just minor errors that can be corrected later on and hence the only impact would be in terms of the delay in receiving your credit card. The main and the most important cause for rejection of credit card applications is bad credit ratings i.e. a negative credit history. If you have been using other credit cards or if you have taken bank loans/mortgages in the past, you would have already build your credit rating. If you have been making your bill/instalment payments in time (and in the correct amount), you would have already acquired a good credit rating. However, if you have been irregular or if you have been defaulting on your payment dues, you would have developed a bad credit rating. This credit rating is calculated by credit bureaus who receive feeds from various credit suppliers. All credit card applications are checked for the credit rating of the requestor and if it comes up as negative, the application is rejected outrightly. So, these are the 2 most important reasons for rejection of credit card application and you must pay heed to them (especially the credit rating). Protecting Your Personal Information We all know that criminals are out there, waiting to steal our credit card information. These very criminals want credit card information so they can run up the charges then leave you holding the bags -- with nothing to show for it. Even though some are local, most credit card criminals are in far away lands. Worse than that, they like to hide or go by other names so it's virtually impossible to track them down. The most common way for criminals to get credit card information is through phishing, which involves a fake email that appears to be sent from your credit card company. Normally, this fake email states that there was an error with your account, or that it was accessed by unauthorized personnel and needs your attention. Spotting fake emails isn't hard to do -- as long as you know what to look for. The most obvious hint for most, is the fact that they don't even have a credit card from the company that has sent the email. For others, the link is what gives the fake email away. Anytime you get an email from a credit card that you believe to be fake, you should always hover your mouse over the link, then "right click" the link with the mouse and select "view source". If the link is indeed fake, the website address that comes up will be something other than that of a credit card company. The criminals don't want you to look at the source for their website, as they simply want you to click on the link before you look at anything else. Once you have clicked on the link, you'll arrive at a website that is usually an exact copy of a credit card website. Fake sites normally include everything that the actual site does, including the logos and banners. Even for the most amateur of credit card criminals, web pages like this are very easy to create. Those of you who have fell victim to this scam, probably realized what you have done little too late. Once you have entered in your credit card information, you have done exactly what the criminals wanted and put yourself in violation of credit card fraud and identity theft. Once the criminal has your social security number and credit card information, he is more than likely to use that information to go on a shopping spree -- stealing your money and running up your account. If you receive an email such as this, you should always delete it. Even if you just click on the fake website to investigate, you may do more harm than good. Even though you may not enter any information at all, your computer may get infected with viruses or spyware simply because you clicked on the link. To avoid this altogether, you should never click on a link that you believe to be a fake credit card company website. If you do your part and protect your credit card information, you won't have anything at all to worry about. Your personal information is very important, as you never want it to fall in the wrong hands. As long as you protect it, you won't have anything to worry about. There are always criminals out there, which is why you should always be on guard. Criminals want your personal information and your credit card numbers -- it's up to you to ensure that they don't get it. A criminal will do anything to get what they want, which is why protecting yourself is so very important these days. Getting Approved Instantly Online If you've surfed around on the Internet, you've no doubt ran across many different credit card companies, offering you cards at what they claim are the best in terms of interest rates and fees. Credit card companies operate both offline and online, and you can even apply for your card directly through their website. Even though many people understand how this process works, there are some who don't. There are a lot of credit card companies who can process your application online instantly, or within a few minutes. Keep in mind that it doesn't mean you can shop instantly, simply because you can't print out your new credit card and take it out to the store. You can still shop, although you won't be able to use your new credit card -- you have to wait until it is mailed out to you. Although your application will only take you a few minutes, you'll still have to wait for your new credit card. It will be sent to you via mail, so you'll need to a wait a few short days before it arrives. Online credit cards are a smart choice, as most will tell you instantly whether or not you've been approved. Even though you'll have to wait on the card, it doesn't take near as long as applying the old fashioned way. When you compare the old fashioned method of getting credit cards to the online method, you'll see some major differences. The first difference is the time, as it can take a long time to return the credit card offer to the company and receive a response. Snail mail can take forever when you are waiting on a response, especially if there are problems with processing your application. The traditional method of getting a credit card won't allow you to compare what other companies have to offer. If you choose to apply for your credit card online, you'll have the option of looking at several different companies. This way, you can find the best deal for your money and know without a doubt that you found the best deal. There are literally hundreds of credit cards online, all you have to do is find one that interests you and apply for it. Keep in mind that even though applying online is a great way to get credit cards, there are limitations on instant approval. As you may already know, online credit cards with instant approval are meant for those who already have good credit. Even though you may not have good or perfect credit, there are ways that you can get approved online. With the market being very competitive these days, there are some companies that will approve you regardless, just for the simple fact that it gives them business. A lot of online companies are looking to get more business, so they will let the line slide quite a bit, and approve almost anyone now days. If you are looking for a credit card, all you have to do is look online. You'll find many to choose from, giving you plenty of available options. Credit card companies are easy to find online, with there being more online than offline. Getting approved online for your credit card is easier than ever, as all you need to do is apply and wait for a response. With a little luck, you may end up getting approved. Once your application is approved, all you do is sit back and wait for your credit card to arrive -- it's as easy as that. Credit card debt consolidation Credit card debt is a nightmare of a problem and unfortunately there a lot of people who face this today (and if others don't pay heed, they might get trapped into credit card debt too). Credit card debt consolidation is generally regarded as the most important step in credit card debt reduction and elimination. So what is 'Credit card debt consolidation'? Credit card debt consolidation is the process/strategy to consolidate debt from multiple credit cards into lesser number of credit cards (ideally one or two credit cards). Credit card debt consolidation is sometimes also referred as a balance transfer where you transfer your balance on one credit card to another credit card. Generally, the balance transfer (or credit card debt consolidation) is done from credit cards with higher APR to credit cards with lower APR. Credit card debt consolidation can also be achieved by going for a bank loan (at a lower interest rate) and using that towards paying the debt on the higher APR credit cards. This loan is then paid-back to the bank in the form of monthly instalments. As you would have noticed, a lot of credit card suppliers and banks keep coming out with attractive offers for Credit card debt consolidation (or balance transfers). There is no dearth of 0% APR offers for credit card debt consolidation. However, credit card debt consolidation is a serious exercise and you must exercise caution so that you don't get into deeper trouble. When going for credit card debt consolidation, you must properly analyze the offers from various banks and credit card suppliers. Check the time period for which 0% APR is being offered and also the APR that would be applicable after the lapse of that period. Generally, 0%APR is valid for a 6-12 month period only. So, if you are confident of paying back a considerable amount of debt in that period, this kind of credit card debt consolidation will work for you even if the APR (post 0% period) is a bit higher. However, if that is not the case, the long term APR is going to be the most important thing for you. If the long term APR is more than the APR for your current credit card, this kind of Credit card debt consolidation will be futile for you. Also, check processing charges etc before you actually go for balance transfer or credit card debt consolidation with another supplier/bank. Another good idea is to check with your current credit card supplier and see if they can offer a lower APR to you in order to help you in clearing off your debt (you would be surprised that they do oblige at times and hence eliminate the need for credit card debt consolidation). It's important that, with credit card debt consolidation, you also inculcate good spending habits; otherwise credit card debt consolidation would really be of no use to you. Chase credit cards Credit cards have become almost a necessity in today's world. There are hordes of credit card suppliers who issue thousands of credits cards every day. Chase (of the JPMorgan group) are a well known credit card supplier. Chase credit cards are pretty popular among the masses. Chase credit cards come with various different benefits and accordingly chase credit cards are classified into various categories. There are general purpose chase credit cards which promise great rates and excellent service. Then there are chase credit cards for people who shop regularly with some retailers. These are termed as rebate cards since they offer rebates on shopping when you shop with certain retailers. These also offer cash rewards. There are entertainment credit cards for people who wish to get VIP access to some concerts, events etc. Another category of chase credit cards is the travel cards where the credit card holders get travel related discounts and rewards. This category of chase credit cards is very suitable for people who travel a lot. Yet another set of chase credit cards is grouped as auto and gas cards which offer rebates and rewards on everyday purchases. Retail cards are another kind of chase credit cards where you receive points on purchases made using this chase credit card. These points can then be redeemed for shopping certificates, entertainment etc. For students, there is a separate breed of chase credit cards which is called student cards. These student cards help the students in building a (good) credit history and also offer some special benefits for students. Similarly there are college & university alumni cards for supporting your alma mater. There is another set of chase credit cards that operate on similar lines. These chase credit cards are called 'cards to support organizations'. The organization can be something like a charity or any other organization that you want to support. Then there are military cards that are meant for the members of military (both past and present). You can support your favourite teams or sporting organizations by getting a sports card. Finally, there are business cards which can be used by businesses for organizing their expenses, availing low interest rates and getting other benefits related to business. Thus chase offers a lot of different credit cards which cater to the different needs of various people. By comparing the features of these chase credit cards and by understanding the main objective behind them, one can easily zero-in on the chase credit card that is best suited to ones needs. Note: The information given in this article was correct at the time it was written. However, the author does not guarantee the correctness and completeness of this information at any time. Learning About Cash Back Credit Cards: Good or Bad Idea? Getting a credit card that offers cash back always sounds like a good idea. What could be better than getting cash back on all the purchases that you make with your credit card? It sounds too good to be true, doesn't it? Well, there are cards that give you free cash, but it is usually only around 1% cash back. However, free money is free money, right? Well, sometimes. If you like to buy a lot of things in one month, this kind of credit card probably sounds great to you. However, you need to keep in mind that they are not going to give you cash back on every purchase that you make. Even if they claim to give you cash back on every purchase, they will only give you up to a certain amount per transaction. The company also has a strict limit on the amount that they will give back to their customers. If you read the little, bitty print on the form that you signed, you will see a paragraph with their limits in the terms and agreements. This is another way to try to draw in new customers for these companies. It is a good credit card to have and sounds great in theory, but they will have to check your credit rating before they will give you their card. Research different credit card companies to see what they are offering. You may be surprised to find a cash back credit card that offers you just what you need and want with a high cash back percentage, few limits on the amount they will give you back, and instant cash deposits when you make each purchase with their card. Although these credit cards seem like a great thing to have, some companies will need your credit rating to be great too. However, there are credit card companies that offer these cards to people with a low credit rating to help them rebuild their credit. Research all of your options. What should your decision be? If you have a good credit rating, then this card is a great option for you. Research different card companies -- there are cards out there that offer you up to 3% cash back and impose very few limits. If, however, you have a bad credit rating, you may want to find a credit card that will help you rebuild your credit. Credit Cards For High School Students Students in high school that are looking to start building their credit early can get high school student credit cards. These credits cards can help teach high school students responsibility, and how to manage their credit at an early age. These types of credit cards are issued to high school students, with a parent or guardian co-signing with the student. Students who have these credit cards also have a sense of responsibility as well. Before applying for a high school student credit card, both students and co-signers should always look at their available options. There are a lot of banks and credit card companies to choose from, which makes it in your best interest to look around. Some cards will come with high APR and a high annual fee, while some are more reasonable. With high school students not having any credit, some banks and companies will try to charge unreasonable rates -- which is reason enough to do your research and know the best deal. Co-signers can normally help students to make the best decision. The co-signer will be going on the application with the student, and will be the individual that the bank or company will come to when the student is unable to pay the bill. Parents and co-signers will know the best deals for credit cards, which is students should always ask them for help when picking out the ideal credit card. For some students, prepaid credit cards can be an ideal investment. These cards hold absolutely no risk for students, while they help to teach financial management as well. With these high school student credit cards, the prepaid amount you have put on the card is your spending limit. To ensure that the application for is filled out correctly, students should always have a parent or guardian assist them with filling the information out. When a student gets their credit card, they should be instructed on how to properly use the credit card. Although some students will be tempted to run up their high school student credit card, they should save it for emergency situations. At the end of the month, they should try to pay their whole bill, to avoid getting into debt. If a student can pay the bill -- it will also help boost their credit. If you are interested in a high school student credit card, you can always apply for one online. The applications are processed in a timely manner, normally giving you a response in a matter of minutes. Although credit cards are great to have, prepaid credit cards are sometimes the way to go with students. If you are unsure -- make sure you look into all options available to you and compare what you find out. The Cost Of Credit Cards Although some choose to rush into getting a credit card, they normally do so without being aware of the costs. A lot of credit cards out there come with hidden costs and charges, and you should always be aware of this before you apply. In most cases, these fees and charges won't get noticed by the user until it is too late. Credit card holders who aren't aware of any hidden costs could easily end up paying possibly thousands of dollars at the end of the year -- and not even realize it. If you have a reward credit card, your rewards could easily be destroyed by these hidden costs. Although some credit card users may realize it, there are many out there who aren't aware of these costs at all. The first factor for hidden costs is found in the grace period. The grace period is the extra time you have to pay your bill without having extra fees added to your bill. Even though this can be great for paying your bill, it can quickly lead to a pitfall if you let it. To avoid any type of costs or hidden fees, you should pay your bill as soon as it arrives. This way, you won't have to worry about your grace period or the interest that can accrue from letting your bill get later and later. The late fee is another factor with credit cards that is often overlooked by credit card users. Late fees are common with credit cards, although their potential for costs is often overlooked. Some people choose to pay it and be done with it, unaware of the fact that these costs can indeed add up in no time at all. To be on the safe side, you should always know what the late charges are and how fast they can add up. The easiest way to avoid any type of hidden fees or costs is to pay your bill on time -- as soon as you receive your bill. You should also pay more than the minimum, as this helps to pay your bill off faster and ensure that you pay the bill and not just the interest. Paying your bill late is never a good thing, as it can easily destroy your credit report. If you continue to make late payments, your company or bank can increase your interest rates. No matter what you do, you should always pay your credit card bill on time. Hidden fees and costs are out there -- it's up to you to avoid them. Credit card companies and banks won't tell you what the hidden fees are, unless you ask them. To protect yourself and your credit -- you should always be aware of the costs -- and how to prevent them from happening to you. The Air Mile Credit Card Air mile credit cards give you points or miles with every purchase you make, which you can redeem for traveling related expenses. In most cases, you can use your points or miles to get a free airline ticket to travel to a destination of your choice. Frequent flyers can use those very miles or points to redeem your reward faster. There are a lot of companies out there that offer air mile cards. You can choose to get one online, through a bank, or even a credit card company. Each one is unique, and offers it's own unique set of features. Before you select your card, you should always look at different companies and compare them as well. Normally, you will get a point or mile for every dollar you spend. You'll also want to look at blackout dates as well, as many companies have decided to drop them and their expiration dates completely. You will also want to find out what type of purchases you make with your card give you reward miles. Some purchases that you make may not be included in your reward incentives, which is why you'll want to find out what purchases are and aren't included. The bigger purchase items, such as televisions and furniture may have more miles included, which is why you'll want to inquire. Another area of importance is the interest rate. You should look deeper into the air mile credit card that you are interested in and find out how much the interest rates are and if there are any annual fees to using the card. Although your rewards may sound great, you don't want to pay too much in fees or an annual rate just to reap the benefits. Even though they have been around for many years, air mile credit cards are very popular for those like to travel. These cards can also help you with rental cars and hotel expenses as well, as long as you use the points you have accumulated by using your card. The get the most out of an air mile credit card, you should use your card on a frequent basis. You can really rack up the points if you purchase everything with your credit card -- instead of using cash. Air mile credit cards are great to have, as long as you don't end up paying an arm and a leg in fees, and the annual rate isn't that high. If you check into what each manufacturer offers, you can normally get a great deal. Also, make sure that find out what other rewards are included with the air mile credit card you get as well -- as this can help you to make your decision when you finally decide to get the card. Southwest airline credit card Southwest airline credit card Southwest airline credit cards are a good example of co-branded credit cards. Southwest airlines and Chase have teamed up to bring the southwest airline credit cards to you. At the time of writing this article, there are two popular southwest airline cards which are also collectively called as southwest airlines rapid rewards Visa cards. One of these southwest airline credit cards is for personal use (this is called Southwest Airlines Rapid Rewards Visa Signature Card) and the other southwest airline credit card is for business use. Both these southwest airline credit cards are aimed at getting you a roundtrip award faster. There are a number of ways in which you can earn reward points using Southwest airline credit cards. Southwest airline credit cards have two kinds of reward points i.e. there are two denominations in which you can earn reward points -- rapid reward credits and rapid reward dollars. The rapid reward credits are a much higher reward denomination as compared to the reward dollars (e.g. at the time of writing this article, 1200 reward dollars is equal to 1 rapid reward credit). So how do you earn and redeem the reward points on your southwest airline credit card? You get bonus reward credits after your first purchase on your southwest airline credit card. These purchases needn't be on southwest airlines products/services, these can be just any purchases made using the southwest airline credit card. You earn reward dollars for any expenditures you make using your southwest airline credit card. There are additional reward dollars, when you use your southwest airline credit card on southwest airlines (i.e. when you use your southwest airline credit card to spend on southwest airlines products/services). By additional we mean, the reward dollars are more as compared to those earned on other, non-southwest airline, purchases. As you keep collecting reward dollars, you keep moving closer to getting a round trip award. Generally, the roundtrip awards are based on rapid reward credits. So, you can convert the reward dollars, earned on your southwest airline credit card, into rapid reward credits; and convert rapid reward credits into your roundtrip award. Another way of earning rapid rewards credit on southwest airline credit cards is through balance transfers. Southwest airline credit cards are surely a good option for people who travel frequently by air using southwest airlines. Since the network of southwest airlines is pretty widespread, you will find that you are able to get southwest airlines flight to most places you want to travel to and hence get an opportunity to use your south west airline credit card to earn reward points (or reward dollars, as they call them). Credit card offer So many credit card offers, what to do? Just browse through the daily newspaper and you will be overwhelmed by the number of credit card offers advertised. Move around the town and you will find credit card offers being advertised everywhere. Same is the case is with television which seems to host a number of credit card offers too. So, the credit card offers are there everywhere. Why are there so many credit card offers? Well, quite simply because credit card business is a highly profitable business for the credit card suppliers. In this situation, when there is no dearth of credit card offers, which is the best credit card offer? There is nothing like a best credit card offer, really. A better question to ask would be -- 'Which credit card offer is the best for me?' The spending habits of one person are different from that of another person. Their living styles vary and hence their needs vary too. So for deciding on which credit card offer is best for you, you need to evaluate your needs vis-ā-vis your lifestyle and your spending habits (and not go just by the recommendation of someone). For example, if you frequently travel by air, a co-branded airline credit card might be more suited to you than the general purpose one. These airline credit cards offer discounts, rebates and other kind of rewards when the credit card is used for making payments (the rewards are even higher when these credit cards are used for paying for the airline tickets or other airline products). Similarly, if you have a favourite retail store where you do a lot of your shopping, it would be beneficial to check if the retailer is a credit card supplier too and if there is a credit card offer that suits you. A lot of big retail chains do offer co-branded credit cards to their customers and these credit cards offer rebates/discounts etc when they are used for making payments at the retail store. As such, you get reward points for making payments at any place but the rewards are higher on the payments made at retail store. On similar lines, we have credit cards for gas stations and grocery stores too, which you can opt for if you have a favourite gas station or a favourite grocery store where you shop a lot. So, if you look around, you will find a lot of lucrative credit card offers. However, this doesn't mean that you enrol for all the credit card offers. You need to first evaluate your needs and rank them. Then you need to evaluate what all credit card offers suit your needs. And finally you can make your choice and go for a credit card offer that covers most of your needs and gives maximum benefits. Getting Out and Staying Out of Credit Card Debt Credit card debt is a major cause of over one million bankruptcies each year. The reason is that many people get a credit card without researching and reading the fine print. By the time annual fees are added on, along with spending indiscriminately, payments are missed, which causes their balance to skyrocket. Although we all like to place the blame on the credit cards and the credit card companies, you need to keep in mind that the real cause of your financial mess is you. One shopping spree does not usually cause high debt. It is usually a pattern that consists of gradually increasing purchases that add up to a large debt. The great thing is that it can be very easy to get out of debt. The key is to start spending less than you make. This is a long-term solution that can help you to whittle your debt down. Although it may sound simple, it can be very difficult if you have a problem with willpower. It is important to stick with spending less than you make or you will find yourself in exactly the same place as you were before. Overcoming your debt will take willpower and a great deal of time. It may be difficult to stick with your debt repayment program, but keep yourself strong and you will find yourself out of debt before you know it. It is important to learn how to get out of debt and then stay out of debt. If you can summon enough willpower and strength towards your finances and spending, then you will find yourself the winner in the game of debt. It may be easy to get into debt, but getting out of debt is much more difficult, but worth it. One simple phrase can sum up the solution to your financial problems. If you don't have the money to spend, then don't spend it! Credit Card Debt In the world of credit cards, credit debt is all too common. Debt from credit cards can be very stressful, and lead to a very crippling situation. No one is immune to credit card debt, as even students can experience debt with their credit cards as well. With people using their credit cards more these days, more and more people continue to take the plunge into debt. Debt is never good, as it leads to bankruptcy and the destruction of your credit report. Even though getting in credit card debt is simple to do, getting out of it is something that takes a lot of work. Even if you go to an agency or company that specializes in helping people out of debt, it won't happen overnight. To get out of debt, it will take you quite a bit of time and effort as you get the debt under control and begin the long process of rebuilding your credit. To properly defend yourself from credit card debt, you'll need to know quite a bit about credit, managing your money, and finances in general. Normally, you can stay out of debt by creating an ideal budget and saving money whenever you can. If you stick to this plan and avoid steering away from it, you'll normally have no problems staying out of debt. If you have other credit cards that you don't use, such as store credit cards that are known for high interest rates, you should dispose of them. If you have a lot of open accounts, you should look into debt consolidation, which will combine all of your debts into one payment so you can get them out of the way quicker. By using debt consolidation services, you will only have one bill to pay. When you receive your credit card bill, you should always strive to pay more than just the minimum. If you only pay the minimum amount, you could very well end up being in debt the rest of your life -- as you could be paying nothing but the interest. Every month, you should strive to pay the minimum amount and then some. Paying more than the minimum amount will also help to pay offer your credit card bill faster as well. No matter how much credit card debt you are in, you can always find debt management services and agencies that will help you fight back. Credit card debt is very common these days, something many of us have experienced. Although there are ways out of credit card debt, the best way to get out of it is to avoid it all together. If you pay your bills on time and never miss a payment -- you'll always live a debt free lifestyle. Is a business credit card helpful? 'Yes' -- is the answer that's comes out almost immediately. That is true at least for most businesses (especially small businesses). Before we delve deeper into how business credit cards are helpful, let's try and understand what a business credit card is. Put simply, a business credit card is a credit card that is owned by a business and not an individual. To understand this better, you can simply draw an analogy between the business credit cards and business bank accounts, which are in the name of the business as well. Other than that, business credit cards work in pretty much the same fashion as the personal credit cards; with a few exceptions. These exceptions are in the form of flexibility in credit limit, low APRs and some other additional benefits that are available to business credit cards only. Even from just that, business credit cards seem a good proposition. However, business credit cards would be attractive even without those benefits because the main benefit lies elsewhere. The big-big benefit from a business credit card is realised in terms of business expense accounting. For most small businesses, business expense accounting is a big overhead. With business credit cards, this is handled very easily -- you just have to ensure that you make all your business expenses on your business credit card and let the personal expenses be on the personal credit card i.e. segregation of business and personal expenses is all you need to do. So the bill for your business credit card will have all the business expenses on it and you wouldn't need to collate all the various bills or sort out the items from your personal credit card bill. The key here is to make sure that you use your business credit card for all your business expenses (or as much as you can). Moreover, a lot of business credit card suppliers realise this need of small business and even organise the business credit card bills in a way that meets the accounting requirements of these businesses. So mostly, they will appropriately group the expenses on the business credit card bill so as to facilitate business expense accounting. In fact, some of the business credit card suppliers go to an extent of providing the bills in a format that can be downloaded and exported to an accounting system i.e. you don't need to enter the data manually in your accounting system. In case the format is not suitable for your accounting system, you can hire a software professional to write a small quick program to convert it into a suitable format. Thus just one reason -- 'facilitation of business expense accounting', is enough to support the case of small business credit cards. American Express Credit Cards 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 makes 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 it's 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. Chasing a Chase Credit Card? Credit cards indeed have become one of most indispensable tools in managing finances nowadays. Aside from being an effective way of obtaining credit, credit cards also make it easier for people to spend their money the right way. That is why making the crucial decision of choosing the right credit card should be paid more attention. One of the most popular brand names of credit cards in the market today is the Chase credit card. Like any other credit cards, Chase credit card is a brand name of credit card like MasterCard or Visa that is accepted worlwide. Aside from Chase credit card, the company also offers travel cards, Auto & Gas cards and student cards. Indeed, there are a number of ways in which Chase credit card can be advantageous and beneficial. Probably, the best feature Chase credit card has is the convenience it offers to busy and working people. A Chase credit card is also perfect for customers who are comfortable online. Aside from making it easy for the customer to maintain their account online, Chase credit card lets you check your balance and pay your bills through a secured web site. Having a chase credit card is quite convenient for the customer because it lets the credit card holder purchase goods easily and quickly whether they buy it directly, over the phone, or even on-line. Since Chase Credit cards are international cards, it is beneficial for people who travel a lot because they can use it all over the world wherever they see the Chase credit card logo. More and more people are choosing a Chase credit card because it offers a lot of credit card processing alternatives. Because Chase credit cards offers a wide array of processing options, many people appreciate it compared to other brands. One of the most enticing offer Chase credit cards has is that it is available in numerous places. Chade credit cards also offer many deals and promotions like lower introductory APRs and waived membership fees that allow the holder to save more money. There are also many types of Chase credit card that offer reward programs for every purchase the holder makes. For instance, one type of Chase credit card allows you to earn travel miles for every dollar spent using your your Chase credit card. Another type of Chase credit card also allows you to earn reward points for every dollar you spend. These points will then enable you to purchase from a Chase credit card catalogue and they will have your chosen item shipped to right next to your doorstep! These reward options you get from using a Chase credit card are great because it will give your tangible gifts and rewards, free trips and wonderful merchandise without spending a single cent. A Chase credit card is handpicked by many people because its company makes sure that they give good customer service to its customers. Aside from getting all the great deals the card offers, having a Chase credit card can also give the holder instant access to customer support around 24/7. This will enable the customer to contact someone if his or her Chase credit card is stolen. Apart from this round-the-clock feature, Chase credit card also protects its customers from identity of thieves. When you apply for Chase credit card, some of the benefits include 0% intro APR on all purchases and balance transfers you make for up to six months. Chase credit card does not charge any annual fee so it will fit your budget and, a Chase credit card have interest-free grace period as long as you pay your bill in full each month. Having a Chase credit card also allows the holder to earn cash rewards on purchases and cash rewards. Apart from these, chase credit card has no balance transfer fee for balances transferred during the introductory period and you have the privilege to apply online over a secure server. Although it offers a lot of advantages, bear in mind that a chase credit card it is still a credit card. And like any other credit cards, there are also a number of ways in which chase credit card usage can be less positive. Consolidate Your Credit Card Debt Consolidating your credit card debt is actually one of the smartest decision you could ever make. Credit card consolidation is ideal for anyone who is looking to have better credit now, and in the future. Consolidation is very common these days, and it is actually a sure way to combine your debt and make sure that you never get yourself too far in credit card debt. Even though there are many reasons why to consolidate your debt, one of the better reasons is to get a better rate. If there is a way to get lower rates on a current consolidation, then you'll have no reason to consolidate your debt. Anytime you are able to consolidate your debt and save yourself a bit of money -- you should never hesitate to do so. Consolidating your credit card debt will also save you a lot of money as well. If you have managed to get yourself in debt, chances are that you owe a lot of money on your credit card, or possibly several different credit cards. Consolidation will put everything into one bill, making it easier for you to pay. Paying just one bill can help you save a lot of time, as well as prevent stress. Although consolidation will put your credit card payments into one bill, you should never do it for that reason alone. The last thing you want, is to pay more money to avoid getting more than one bill a month. Credit card debt consolidation is a wise investment though, as it may give you lower monthly payments over an extended period of time. It will also close out other accounts as well, which could help you to improve your credit. If you are looking to consolidate your credit card debt, you shouldn't hesitate to let the professionals help you. There are a lot of companies and banks that specialize in consolidation, and would be more than willing to help you. Before you make your decision though, you should always research your options available and find the best one for your needs. You should also make sure that there are no hidden fees or other problems as well. If you take the time to research, you'll save a lot of money in the future. A lot of people who turn to credit card debt consolidation, let their credit cards get the best of them. A credit card can be great to have, although it can be easy to abuse as well. If you aren't careful in your spending, you can rack up debt before you know it. Once you get yourself in credit card debt, it can be really hard and very stressful to get out of it. Normally, it will take you months and possibly even years to get out of debt. If you've made the decision to turn to credit card debt consolidation, the first thing to do is to look at your debt, and see exactly how much you owe. If you know what you owe and who all you owe it to, it will be much easier to contact the professionals and get them to help you. When you contact them to help you, you shouldn't be afraid to ask them any questions, as you should always be looking for the best deal possible. Although credit card debt consolidation is a great thing, you should always do yourself a favor and wait until you find the best deal possible. Credit Cards And Credit Reports Over the years, credit cards have become very popular. When they were first introduced, they were popular, although these days millions of people use them. There are many types of credit cards available, including those that help people who have bad credit. You should always keep in mind that even though credit cards are great to have, they will also have quite an impact on your credit report. The credit report is extremely important, especially when it comes to credit cards. Banks and lenders use your credit report to determine if you meet their criteria for a credit card or a loan. Your credit report is the determining factor for your credit, which is why you should never let your credit cards do any type of damage to your report. To avoid this, simply pay your bill on time. Most people will use their credit cards responsibly and won't damage their credit report. Doing this will show lenders that you are responsible, and that they can trust you with loans and credit -- which in turn will raise your credit score. Keep in mind however; if you have a lot of open accounts, it may tell lenders that you have a lot open and that you won't be able to pay them back. Although this may count as good credit, lenders look at several open accounts as being potentially damaging to your credit report. Although you may be tempted to have more than one credit card, it can actually be a downfall in the eyes of the lender. Most lenders will see this as you having a way to spend all of your limit, and will fear that you may do so. Even though you may not have this intention, credit card lenders will almost always fear the worst case scenario, and it eventually lead to you damaging your credit score -- simply because a lender will turn you down for a future offer you apply for. Something else you need to keep in mind is the fact that it can be really easy to miss a payment on your credit cards. Although this doesn't sound bad, it can have a very negative look on your credit report. If you start missing payments or paying them late, the lender will eventually enter it in your credit report. This can have a negative impact, lowering your beacon score and eventually bringing down your overall credit rating. If you play it safe and only get one or two credit cards and keep a track of how you use them, you won't need to worry. Your credit report should always be a primary concern, and you should always do your best to ensure that it stays free of negative ratings. If you keep up things up to date -- you'll enjoy the benefit of a positive credit report. Tips To Apply For A Credit Card Filling out a credit card application is just like filling out a job application-everyone needs some tips to use so that they get approved. If your credit is bad, then it may be a little more difficult to get a credit card than if you have good credit. Do not give up, because there are hundreds of companies out there that offer credit cards for people with bad credit and if you shop around, you will find the credit card that is just right for you. If you are researching credit cards, the first place that you can get information is the Internet. The Internet has a lot of information about many different credit cards, including their rates, fees, and incentives, so that you can find the best credit card for you. There are some credit card companies that say that they will give you a credit card with no credit check. However, keep in mind that having a credit card almost always means that you are going to go into debt. Be cautious when choosing the credit card for you. Read the fine print of their terms and agreements to make sure that there are not going to be any surprises. Analyze your financial situation to make sure that you can handle a credit card and its payments. Even the most cautious of us go on a little shopping excursion every now and then and you do not want to be thrown into a financial tailspin when your bill comes in. Cautiousness is very important in using your credit card. If you are not sure that you can handle a credit card, then rethink applying. You need to be sure that when the bill comes in that you can make the payments. If you are not completely sure, then don't get a credit card until you are ready. Should I apply for a credit card and how? Are you pondering on whether you should apply for a credit card? Well, the answer quite simply is -- 'Yes' -- you should apply for a credit card (this is true for most people). The credit cards seem to have transformed our lives. In fact, one can term credit cards as a revolution. Today, you find ads in TV/newspapers/website/shops and almost anywhere and everywhere; all asking you to apply for a credit card. When you look around, you see that most people have credit cards. In fact, most people have multiple credit cards. Everyone seems to apply for a credit card. So, why should you apply for a credit card? There are a lot of benefits associated with credit cards; however, the most important benefit is the convenience that they offer. For most people, this is the prime and the sole reason that instigates them to apply for a credit card. This wouldn't have been the case a few years ago, when not many merchants accepted credit cards. However, today, most merchants do accept credit cards. So, instead of carrying a lot of cash on you (which is both inconvenient and unsafe), you can just carry a small piece of plastic with you. Moreover, you get interest free credit i.e. you don't have to pay the bills till the next monthly billing cycle. So, you can buy now and pay later (when your salary arrives) -- a great reason to apply for a credit card. To add to that, there are certain merchants that offer interest-free instalment payment plan i.e. you can make a big purchase today and pay for it in instalments on your credit card. So credit cards works as instant long term loan too (not just a monthly loan). Yet another reason to apply for a credit card is the discounts on shopping. This is made possible by the tie-ups between credit card companies and the merchants. So credit cards offer many benefits. There are various ways in which you can apply for a credit card -- you can apply for a credit card in person, you can apply for a credit card on the internet and you can apply for a credit card on phone too (by asking the representative to meet you). You will as such be approached by a lot of sales representatives, all asking you to apply for a credit card with their company. To apply for a credit card, you will need to fill-in a credit card application form (which is easy to fill and the representatives of the credit card company will assist you in that). When you apply for a credit card, you basically enter into an agreement with the credit card supplier (the form that you fill when you apply for a credit card is actually an agreement). After you have submitted your application, the credit card company conducts certain checks to determine your credibility; and if everything is fine, you receive the credit card. So, applying for a credit card is easy and to apply for a credit card or not to apply for a credit card is a matter of personal choice. However, for most people who don't have any credit card, the recommendation is "Apply for a credit card".
Credit Card Debt as a silent financial killer Technology spoils people's whims. It tends to cater to every human's caprices. It feeds on the people's undying thirst for easy, instant, and convenient. More often than not, it also causes them a lot of trouble -- financial trouble through credit card debt -- that is. Credit Card convenience vs. Credit Card debt We often see people pull out "plastic" to pay for everything they need. Why not? When all it takes is a quick swipe of the card through a little electronic box and a signature then, everything's okay. You go home happy, content, and almost worry-free. On the other hand, not every one of these people realize that the convenience of using credit cards can lead to a false feeling of financial security. And this realization will strike them as soon as the bills arrive. In fact, studies show that credit card debt and personal bankruptcies have increases bank profits to the highest level in the last five years. It only shows that more and more credit card holders were unable to manage their finances that lead to credit card debt. If you are a cardholder and having some credit card debt troubles at this early stage, it' now time to think over the possible outcomes of this minor glitch so that a more serious problem with credit card debt would cease to arise. Credit card gives people the feeling of invincibility. And it also gives them tons of uncertainty about their financial management capability when they encounter problems with their credit card debt. Although it is true that that credit cards solve financial matters especially when it comes to safety and convenience, credit cards also creates hassle especially when the person using it doesn't know what you he or she's getting into. Indeed, paying off credit card debt may take a long time especially if the person has high interest rates. But, it doesn't mean that you can do nothing about efficient management of credit card debt. When you find yourself overwhelmed with credit card debt, don't fall into a pit of depression. You can get through it with discipline and a change in spending patterns. Start eliminating problems with credit card debt by getting tips and techniques on how to pay off your balances easier, how to consolidate of frequently encountered problems, look for free debt consultation agencies that can help you, and try -- inch by inch -- to rediscover ways on how you can regain your financial freedom by reducing you credit card debt. The power to eliminate credit card debt People who are having problems managing their credit card debt or those who are near in bankruptcy often don't realize that the power to eliminate their credit card debt troubles totally is in their hands. Today, more and more Americans need credit card debt help badly. The main problem is that these families are having difficult times paying high interest for credit card debt. And instead of lifting the burden of credit card debt, more people are paying much in interest every month than that of the actual expenditure. There are actually more lawful and moral ways to zero-out thousands of dollars in credit card debts. And if you only take the time to research and know your rights and how bankruptcy laws have changed, you will discover that there are valuable facts to eliminate credit card debt. Actually, the possibility of reducing or eliminating the high interest credit card debt is now more possible when a person takes action to get his or her finances back on track. Apart from knowing your weapon in terminating credit card debt, it is very important that you develop a sense of control and perseverance first. Since credit card debt elimination process requires organization, clarity, and commitment to your own growth, it is a must that you are ready for the responsibility and to stand free and independent. For those people who consider having a credit card indispensable but afraid of getting one because of the possibility of credit card debt nightmare, you must remember that credit card can be a powerful tool in managing your finances but there will always be glitches when not used properly. Of course, there are countless reasons why you should and shouldn't get one depending on your needs. Whether you decide to get one or not, managing finances it still takes a sense of good budgeting, willingness to change spending habits, and the humility to avail low interest consolidation loans when you are already burdened by too much credit card debt. Credit card application for starters "Plastic money" is a term dubbed by the people of the world in reference to the wondrous item called the "credit card." And at the rate the economy is going and with the pace of life that we have right now we want everything done the express way. That's why a lot of businessmen, young professionals, big bankers and even well-off students are lining up inside their trusted banks, credit card application in one hand and the need to have instant credit on the other. Of credit, cards and credit card application Credit card applications have taken over the need to have cold cash and a lot of people are trading in their hard-earned green bucks for a shot of having the charge-it-card. But along with your credit card application is the responsibility that we are mainly unaware of. So when you are thinking about falling in line to get started with your credit card account and before you start filling up the fields necessary to get up and running with your credit card application know all the precautions and the counter measures for you to be protected by the federal law. Credit card application, as we all know takes a lot of time with regards to the verification of the identity of the person on top of the credit card application. Because of the US Patriotic Act that requires further verification of anyone applying for anything on the United States, that includes credit card application, getting anything in the US has become quite a chore. But since the importance of having a credit card is top priority in the US many are still willing to go to immense amount of trouble that is coupled with it. The importance of having a credit card is very imminent; take for example the average American. An average American from the middle class bracket owns about eight to ten different credit cards and uses all of them at an average if once a day. With this number it's not surprising that there are about a hundred thousand credit card applications being processed in a single day. And the rate if credit card applications are still expected to rise within the next quarter. The need for credit cards and debit cards is for real and the market should be open for more credit card applications that is expectedly going to flood their way. There will be a great need for more people to look into the responsibility of educating other people on how and when to use their credit cards, because it's hard earned greenbacks that we are throwing away when we buy online porno and junk like that only profit a few people. So whenever you're ready grab a pen and paper and get ready to fill up that credit card application form and take one step in the express charging the way you buy. Most of the time, although your credit card application is mailed to that states that you have been pre-approved, you will still be asked to fill out a credit card application or the 'acceptance form'. The reason behind this is the need of the bank or the company to verify the identification of the person they have sent the card to. Since most companies offer online credit card application, you may go online to fill out the form so the processing will be convenient and easier. When filling out your credit card application, there are some important details that should be considered aside from your name and contact information like the query should you accept every offer or not, the possibility of hidden fees that can be quite expensive and the like. Comparing Credit Cards All across the United States, there are hundreds and hundreds of banks and credit card companies looking for your business. This day and age, banks and credit card companies are in competition with each other, trying all they can to get your business. To try and get your business, they offer different credit cards with various incentives, rebates, and other perks. Before you make your decision and choose a credit card, you should always compare what each company or bank has to offer you. If you get an offer in the mail for a credit card, you should go on the Internet and look into it more. You should also make sure that you read the fine print as well, to see if there are any type of hidden fees or other costs associated with that card. Many times, with offers in the mail, credit card companies or banks will try to sneak hidden fees and costs in there. When you start to compare offers, you should make sure that you look at the APR and the fees. The APR is very important, as this will tell you your interest rate. You want to get the lowest APR possible with your credit card. If you look at a credit card that has an unusually high APR, you should immediately rule it out. Credit cards that come with high APR rates can easily lead you on a roller coaster towards credit card debt. No matter how good your credit may be, high APR rates can leave you with charges that are really difficult to pay. Among the many options available to you, you'll have three primary choices for your credit card -- Visa, MasterCard, and American Express. These three giants are the leaders in credit cards. Visa and MasterCard don't issue the cards themselves, they have banks and other companies issue on their behalf. American Express, or AMEX, is the only one that does everything themselves. AMEX issues their credit cards, maintains their own networks, and doesn't use any type of third party. If you like to travel, you will probably want to choose either Visa or MasterCard, as they are accepted all over the world. American Express is the least accepted of the three, although the company is upgrading their networks every chance they get. Before too long, AMEX will be accepted virtually everywhere. Right now though, AMEX isn't accepted in all areas of the world. Discover is another type of credit card, although it isn't near as popular as the three above. Discover does have some great benefits to offer you, although it isn't accepted in other parts of the world. Most people who have Discover credit cards stay local and use their cards in the event of an emergency. If you don't have a credit card and have been thinking about getting a Discover card, you should really think about that decision and choose either Visa or MasterCard instead. All in all, there are a lot of credit cards to choose from. That final decision though, is entirely up to you. There are a lot of great companies and banks out there, although it's up to you to find the best credit card for your needs. You can choose to go with a company or bank that's local to you, or get online and look for your credit card. The Internet can be a great resource for credit cards, as long as you know what you want. If you know what you want before you go online -- you'll save yourself a lot of time and money. What do you mean by a 'secured credit card'? Secured credit cards are another very popular breed of credit cards. Secured credit cards, as their name suggests, are secured. Well, they are secured for the credit card supplier, really. Secured credit cards require you to open an account with the credit card supplier and maintain some cash balance in that account. This cash balance acts as a security for the supplier of secured credit card. Your credit limit is dependent on the amount you hold in the account that you have started with the supplier of secured credit card. This is generally between 50 to 100% of your account balance. So in that sense, secured credit cards are not really credit cards (since they don't offer you any credit really). For this reason, the secured credit cards are sometimes also referred as debit cards. Why is the concept of secured credit cards so important? As we know, credit card debt is a raging problem which is caused by improper usage of credit cards. Such people end up spoiling their credit rating to an extent where they cannot get another unsecured credit card (that is what we call the commonly used credit cards). Even after they have paid off their dues and cleared their debt, their credit rating still haunts them. For such people, secured credit cards are a boon. Secured credit cards present them with an opportunity to not only get a credit card in the first place but also to improve their credit rating by using the secured credit card in a disciplined way (paying their dues in time, controlled spending, utilizing a maximum of 70% credit limit etc etc). As they continue with these good habits, their credit rating gradually improves over a period of time. Hence secured credit cards provide them with the means of rectifying their mistakes (credit rating). It's not just the people with bad credit rating who go for secured credit cards. Some people go for secured credit cards because they don't want to bother themselves with the bills etc for credit cards. They don't like to even fill-up application forms for unsecured credit cards. Then there are some who just don't like to borrow money (even if it means borrowing from a credit card supplier by using their credit card). However, such people are very rare to find. Some people just go for secured credit cards because they have heard a lot of horrifying stories on credit card debt -- maybe someone from their family or one of their friends was devastated by credit card debt and they don't want to repeat the mistake. So they decide to go for a secured credit card. Whatever be the reason for going for it, the secured credit cards are surely popular too. Choosing Your Credit Card As you probably already know, there are many credit cards out there. The one you choose however, should reflect your lifestyle and your ideal spending amounts. If you are looking for the best possible deal and the best company for your credit card, you'll obviously need to look around at what you have to choose from and what works best for you. The first thing you'll need to decide when choosing your credit card, is why you need one in the first place. Some people choose to get a credit card for cash flow purposes. With a credit card, you can make purchases and buy things, leaving your paycheck or other source of income in your bank account to draw interest. This way, your money will continue to grow while you continue to buy the things you need. Then at the end of the month, simply pay your bill. Others will choose to get a credit card and use it for instant cash purposes. This way, they can use their credit card at an ATM and get instant cash, which is great for travel or going on a long and extended vacation. If this is why you want a credit card, you should look for one that has the lowest rate possible for instant cash transactions. With a credit card, you'll also need to think about the payments. You'll need to decide if you want to pay the balance in full each month, or only the required amount. When you select your credit card, you should look at the introductory rates, balance transfer rates, and other offers that may apply to new credit cards and new holders. Some will offer you truly amazing deals, especially if you have good credit. Another important area to look at when choosing your credit card is the incentives. There are several cards out there that will give you incentives, such as reward points and even cash back with purchases that you can use towards paying back what you owe. There are several incentives out there with credit cards, all you have to do is look around and compare. The key area you'll need to look at and compare is the APR (Annual Percentage Rate). The APR is what you will pay on what you purchase when the incentive period runs out. APR rates will vary among credit cards, so it is always in your best interest to compare and shop around. The lower APR rate you get, the better off you'll be. Another concern with choosing your credit card is the minimum payment amount. Most minimum payment balances will start around 3%, although some can be lower while others tend to be quite a bit higher. The interest free period is a concern as well, as you will obviously want to choose the longest period that you can keep the payments down. When you make that final decision and choose your credit card, you should always make sure that you know exactly what you are getting. Credit cards are great to have, although they can lead to a downfall if you don't choose them carefully. If you put some time and research into choosing your credit card, you'll find the best one for you. As long as you take care of your credit card and pay the bill on time, you'll help raise your credit and eventually be able to purchase even bigger things -- such as a car or even a house. Credit Card Reward Cards No matter where you look, there is always a credit card company that is offering reward programs with their credit cards. New ones pop up all the time, making it sound too good to turn down. Even though they may sound great, you may wonder if the rewards are truly worth it. In some cases they are, although in others they may not be quite as good as you would like. Although having more than one reward card is something many people instantly think about, you should always keep in mind that not all of them are worth having. Even though using your credit card is always good, you can sometimes end up paying quite a bit if you don't pay attention to what you are buying. When it comes down to credit card reward cards, you should use caution -- with a dash of common sense. Any reward cards that come with high interest rates should always be avoided. With most reward cards, you'll find that they include higher rates of interest than standard cards. This higher interest rate can quickly and easily offset any type of reward. To be on the safe side, you should always look at the interest rates and determine if the reward is indeed worth it. If you pay off your entire balance at the end of every month -- then this won't be a concern at all for you. You should also keep your eyes peeled for reward cards that offer a high annual fee. These cards can be very tough to keep a grasp of, and they can also interfere with any type of reward you may think your getting. If you look at the fine print before you get choose your reward credit card, you can help to eliminate problems. Cash back is a type of reward card that is becoming very popular. A lot of the top credit card companies and banks offer cash back programs that are normally around 1% for every purchase that you make. Before you rush out and get a reward card, you should always make sure that you read the fine print and see if there is a maximum limit on the card. Another type of popular reward credit card is the type that give you points for every purchase you make using that card. Once you have accumulated enough points, you can redeem them for items and other cool things. Some cards will have limits as to how many points you can receive, which again makes it your best interest to shop around. There are also credit cards with frequent flyer miles, which have been around the longest. Some cards will base their rewards on points, while some choose to use actual miles. For every dollar you spend using your frequent flyer credit card, you'll receive either a point or a mile. Once you get enough accumulated, you can redeem them. Most frequent flyer rewards take about 25,000 points or miles in order to redeem them, which can make it nearly impossible for some to reap the benefits of using the card. No matter where you look, finding the right credit card reward card can take some time and effort. You may have no problems finding the card to fit your needs, and if you do, you should consider yourself lucky. Before you choose your card however -- you should always take the necessary time to read the fine print and compare what each unique company has to offer you. Credit Card Fraud This day and age, credit card fraud is very common. Victims of credit card fraud often experience a lot of hassle and stress. If you have a credit card, you should always be aware of the security features that is included with the card. If you are looking to get a credit card, you should always make sure that it offers plenty of security. With credit card companies all over the United States, credit card fraud is becoming more and more common. Consumers are becoming more and more aware of the situation, and always look for ways to protect themselves. Many companies that offer credit cards are looking into other methods of security, to prevent credit card fraud from happening. The best way to protect yourself against fraud is to check the monthly credit card statements you receive. By looking at your statements, you'll easily be able to tell if your account has suffered any type of fraud. If you notice any type of fraudulent charges, you should instantly contact your credit card company and inform them. This way, they look into it and try to retrieve the money that was illegally stolen from you. Another way that you protect yourself from fraud is to never reply to emails that may appear to be sent by your bank or credit card company. There are a lot of fake emails going around, that will steal your information should you enter it in. You should always use caution with emails, and reply only if you know that the email was indeed sent from your bank or credit card provider. You can also protect yourself from fraud by keeping your credit card around you at all times. When you hand it to someone to make a payment, ensure that it is given back to you promptly. You should also keep it safe from others so they can't view your information. When you carry your credit card with you, you should always keep it in a safe place, such as your wallet. This way, you don't have to worry about it falling out. There are always steps that you can take, to avoid falling into the trap of thieves and criminals. Criminals are always out there, looking for ways that they can steal your credit card information. Therefore, it's up to you to protect yourself. Credit card fraud happens quite frequently these days, normally as a result of credit card holders not being aware of how to protect themselves. Anytime you suspect credit card fraud, you should contact your bank or company. This way, you can let them know what happened -- and take the necessary steps in stopping fraud before it goes on any farther. Consolidate credit card debt People who are in debt (credit card debt) often get to hear this advice 'Consolidate credit card debt'. So, what does that 'Consolidate credit card debt' mean? Well, pretty simply, 'Consolidate credit card debt' means consolidating the debt on various credit cards into one (or two) credit card. This consolidation can be done either through a low interest bank loan or by transferring balance to a new credit card (i.e. transferring the amount you owe, on one or more credit card, to a new credit card(s)). So what should you do when you are looking to consolidate credit cards? Well, the key thing to look for is the APR or the annual percentage rate. Whatever method you adopt to consolidate credit cards, APR will always be the key; in fact, you could say that it is the sole criteria to look for. So, if you use a bank loan to consolidate credit card debt, the interest rate on the bank loan should be lower than the APR of the credit cards whose debt you are consolidating. Similarly, if you are moving to another credit card, you must make sure that the APR of the new credit card is lesser than the credit cards whose debt you are consolidating. However, there is a catch that you must be aware of when laying a plan to consolidate credit card debt. The APR rates advertised by most credit card suppliers are the short term APR rates which are meant to lure you to consolidate credit card debt with them. By short term we mean APR rates that will applicable only for an initial period of less than 12 months or some other period after which the APR rates increase. When you go on to consolidate credit card debt with these credit card suppliers, they will offer you a lower (even 0%) APR for the first 6-12 months; and a much higher APR after that. You should check what this higher APR rate is. Your decision to consolidate credit card debt will be fruitful only if the new APR rate is lower than or equal to the APR on your current credit card. You might check with your current credit card supplier to see if he is able to lower your APR (if that works, it will make things really easy for you). Before you move on to consolidate credit card debt you should understand that consolidating credit card debt will be beneficial only if you pledge to adopt and follow disciplined approach to credit card usage i.e. controlled spending and regular/timely payment of credit card dues. Credit card deal What is a 'good credit card deal?' You must have heard people say -- 'I got a good credit card deal'. So if you happen to be looking for a credit card at that moment, do you just go with what your friend has told you as a good credit card deal? Let's check what one can term as a good credit card deal. A credit card deal is good if it works for you. So, if the credit card fits into your lifestyle in a way that rakes in maximum benefits for you, that is a good credit card deal. The most important thing to realize here is the word 'your' as in 'your lifestyle'. So logically speaking there is nothing like a good credit card deal. What it is -- is good credit card deal for 'you' i.e. the individual who is going to use that credit card. This is because the lifestyle and the needs differ from person to person (and that is precisely the reason why every credit card supplier offers so many different kinds of credit cards). It might be true in some cases (where the lifestyle of two individuals/friends is similar) that the credit card deal which is good for one be good for the other too, however, this is just in a few cases. You can always check with your friend who has recently got a credit card deal, since that might cut down the time needed for researching/hunting-for a good credit card deal. However, it's really a matter of evaluating your own needs. If you travel a lot and to far off places by air, a card that offers you good rewards/rebates/benefits on travel would comprise a good credit card deal. Sometimes the airlines themselves have their own credit card issuing/supplying company from where you can get a good credit card deal. For people shopping at a particular retail store or a shop, a good credit card deal would be a card that offers discounts, rebates and rewards on shopping. Again, the retail stores themselves might have credit cards on offer that could be beneficial to you. Then there are credit card deals that are linked to gasoline stores or big grocery chains. If you don't have any specific needs, you might use a general purpose credit card that gives reward points on every purchase you make on your credit card. These points can then be redeemed for cash/rewards. Hence, this card could become a good credit card deal for you. Good, for credit card deals, is really a relative term and there is no credit card deal which is equally good for all. Credit card debt 'Credit card debt' is a much discussed topic in the commercial and social circles. A big section of the population has been bit by this bug called 'credit card debt'. Can't blame them much; as such, it's pretty easy to fall prey to this bug. The main reason behind so many credit card casualties (rather credit card debt related casualties) is that many people don't understand the concept of credit cards properly. They treat credit card as free money that is never to be returned. Thus all the discipline, which would otherwise have been exercised with spending hard-earned money, goes for a toss. That means people overspend and get into credit card debt. They keep spending till they reach the credit limit on their credit card. Some people go to the extent of treating that like a game and consider it a defeat (or consider their credit card under utilised) if they don't hit the credit limit quick enough. These unnecessary spends result in a situation where they are not able to payback their credit card bills and end up paying interest on the amount they owe. This keeps building up their credit card debt and they soon find that the interest component has become a regular feature in their monthly expenses and it is there even if they spend nothing on their credit card. That is credit card debt on the prowl. Soon they find that their current credit card can no longer handle their needs and start looking to get another credit card. With the new power of credit, they let themselves loose again and follow a 'shop till you drop' routine. Soon the credit limit of the new credit card is reached too and they again default on payments. This is how credit card debt builds. Soon they learn about credit card debt consolidation and other credit card debt elimination techniques. They are quick to grab such credit card debt reduction techniques, but that's not because they are serious about reducing their credit card debt but because of the attractive low APR offers. As if it were booty, they again get back to building up their credit card debt. All the while they are spoiling their credit card rating and they soon realise that no one is ready to lend them money because of their credit history. They can only get a secured credit card now (where you first deposit money into your credit account and then only you get the privilege of spending it (50-100% of it) using their credit card. Credit card debt collection agencies, auction of their goods and bankruptcy is the next thing that hits them and their dream run is blown away in a moment. The moral of the story -- "Understand the concept of credit cards and treat credit card debt with all seriousness". A problem called 'Credit Card Debt ' Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards. So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called 'Credit Card Debt'. In order to understand what 'credit card debt' actually means, we need to understand the workflow associated with the use of credit cards as such. Credit cards, as the name suggests, are cards on which you can get credit i.e. make borrowings (your credit card debt). Your credit card is a representative of the credit account that you hold with the credit card supplier. Whatever payments you make using your credit card are actually your borrowings that contribute towards your credit card debt. Your total credit card debt is the total amount you owe credit card supplier. You must settle your credit card debt on a monthly basis. So, you receive a monthly statement or your credit card bill which shows your total credit card debt. You must pay off your credit card debt by the payment due date failing which you will incur late fee and interest charges. However, you have the option of making a partial (minimum) payment too, in which case you don't incur late fee but just the interest charges on your credit card debt. If you don't pay off your credit card debt in full, the interest charges too get added to it. So your credit card debt keeps on increasing, more so because the interest rates on credit card debt are generally higher than the interest rates on other kind of loans/borrowings. Further, the interest charges add on to your credit card debt each month to form the new balance or the new credit card debt amount. If you continue making partial payments (or no payments) the interest charges are calculated afresh on the new credit card debt. So you end up paying interest on the last month's interest too. Thus your credit card debt accumulates rapidly and soon you find that what was once a relatively small credit card debt has ballooned into a big amount which you find almost impossible to pay. Moreover, if you don't still control your spending habits, your credit card debt rises even faster. This is how the vicious circle of credit card debt works. Eliminate credit card debt How to eliminate credit card debt? -- A questions that is asked by a number of individuals around the globe. These are the individuals who somehow (mostly due to uncontrolled spending) landed into the mouth of this monster called 'Credit card debt'. So what are the ways to eliminate credit card debt? If you are looking to eliminate credit card debt, you have already reached 50% of your goal because your decision to eliminate credit card debt is the first and the most important step towards you being able to eliminate credit debt. Having said that, it is important to mention that you also need to be firm on this decision and stick to it with complete sincerity and seriousness, till you finally eliminate credit card debt (and even after that). To eliminate credit card debt, you need planning. This starts with analysis of current situation in terms of your debt and your finances (current and as expected in near future). So to eliminate credit card debt, you need to first check the amount you owe on various credit cards. Just use a notebook to note down the amount you owe on each credit card and the corresponding APR associated with them. Once you have this information handy, you can total up the various amounts to get the total amount of your credit card debt. After all, you can't eliminate credit card debt if you don't know how much it is actually. The next thing is to see if you have enough cash handy e.g. in your various bank accounts, which you can put to use to eliminate credit card debt (of course, you will need to take a view on how much cash you will need to fulfil your day to day and specific future needs). If you find that you have enough to eliminate credit card debt completely, just go ahead and eliminate credit card debt and earn your peace of mind. However, if you can't eliminate credit card debt completely, check the amount that you can use to eliminate credit card debt partially. Next step, as you must have guessed, is to check how best you can use this amount to eliminate credit card debt (even if partially) i.e. which portion of credit card debt should you eliminate first. So, first eliminate credit card debt on the credit card which has the highest APR and which is hitting you the most. Then eliminate credit card debt on the credit card which has the next highest APR and so on and so forth. If you are incurring additional late fees etc on some of your credit cards, you might decide to reserve some amount to make minimum payments on those credit cards (before you finally eliminate credit card debt on them). What we have seen is just some basic analysis and first steps on how to eliminate credit card debt. You might need to take some other steps to eliminate credit card debt e.g. consolidation of credit card debt is one good option. However, it's imperative to understand that any and all methods to eliminate credit card debt will fail if you don't inculcate controlled spending habits. Small Business Credit Cards In today's economy, small businesses play an important role. These days, it is easier than it ever has been to start a new small business. There are all kinds of new businesses popping up all over the United States, from department stores to gas stations. With new businesses on the rise, the owners should be looking into small business credit cards -- for numerous reasons. The best reason to get a small business credit card is for separating your personal finances from any business related finances. Once you have a small business credit card, you can start making all of your purchases via Internet, phone, or in person. Business credit cards are accepted virtually everywhere, which is great for those who need equipment or supplies in a hurry. If you own a small business, you've probably experimented with using your personal cash for company purposes. This can get ugly in a hurry, which is why you should invest in a credit card for your small business. You can make purchases without having to worry about cash, then pay it back later. You won't need to keep track of everything either -- as you statement will be mailed to you at the end of the month, letting you know exactly how much you spent. A small business credit card is also a great way to establish some credibility with your business as well. When you pay with your credit card, it looks a lot more professional than using cash to make your purchases. It will gain the respect of financial companies, and help your business build some credit as well. After you have had a credit card in good standing for a few months, you'll be able to apply for a small business loan and get the best rates -- along with the higher amounts. Even though your business may not have a 6 figure income or budget, small business credit cards can still help your business grow and prosper. Credit cards are always great to have, simply for the fact that you never know when you need money. Your office equipment may crash and need replacing, or another emergency may come up. If you don't have a credit card for your business, the financing alone could shatter your daily operations. Small business credit cards will also give you plenty of rewards as well. Most cards will give you cash aback and certain rewards on just about anything you purchase. From gas to equipment, you can get rewards simply for using your credit card. You can increase your profit margin as well, which is always a great thing. If you have other workers who are authorized to use your credit card, you'll get more rewards -- and much faster as well. This is also easier on your business, as your workers will be able to get what they need, when they need it. All in all, small business credit cards are always great to have around. They will provide your business with rewards and convenience, eliminating the need to use cash with each purchase you make. These cards will also protect the future of your business, and allow it to grow. If you own a small business, you shouldn't hesitate to look into these credit cards. Once you have found the best credit card for your company, you shouldn't hesitate to apply. Credit cards are always great to have around -- even if your business is just getting started. Before you know it, your small business credit cards will more than pay for themselves. Credit Cards Without A Bank Account Having a credit card is a great thing indeed, although most are hard to obtain for those who have a less than perfect credit history. The restrictions for getting most credit cards are so tough that those who have bad credit may find it nearly impossible to get a credit card, or they find themselves hit with extremely high APR rates, and find it hard to compete with the interest. For those who have less than perfect credit or no bank account, there is hope. There are credit cards known as no bank account cards, that can help those with bad credit. These types of credit cards are quite easy to obtain, and they can actually help you to get your credit back and track and live the life you've always dreamed of. Credit cards of this type are pre-loaded, meaning that the credit limit you have it what you load onto the card, by pre payment. If you want to control your spending and know how much you have, this credit card is what you need. They are also great for those who want to learn about managing money as well. Another great thing about these cards is the fact that they will give you power and convenience of a credit card -- yet they will allow you to live within the means of your income as well. Before you rush and get one of these credit cards, you should first look around and find the best deal possible. Most no bank account credit cards offer you same rewards and incentives of traditional credit cards, along with online access to your account. The best cards are accepted across the world, and offer you ATM access for instant cash. If a card doesn't offer you these types of features, you should pass it by and look for one that does. Other things to look for with no bank account credit cards include low APR rates, no annual fees, and excellent customer support. Customer support is very important with these types of credit cards, as you don't want a card that doesn't offer you great customer support. If you encounter a problem, you want a company that is going to be there when it matters the most. If you take your time and research no bank account credit cards, you'll find one that you can't refuse. There are many to choose from, especially if you look online. You should always compare features and rates, and look for companies that offer you cards with excellent features and low rates. This way, you can get everything you love from traditional credit cards -- without having to worry about your credit or needing to have a bank account. "We accept credit cards" "We accept credit cards" is a statement that you must have come across multiple times at various shops, grocery stores and other merchant outlets. This statement is generally accompanied by a few stickers (Visa/Master card etc). Credit cards have transformed the businesses and our lives to a great extent. A few years back there were just a handful of shops that would accept credit cards but today you will find that most of the shops accept credit cards. In fact, some shops (like those belonging to a big retail chain) not only accept credit cards but also supply credit cards. These credit cards entitle you for rebates when you use them at any of the stores of that retail chain. With credit cards around, a lot of people have stopped carrying any cash with them or just carry a very small amount of cash with them. That means that any shop that doesn't accept credit cards is potentially losing customers. In fact, this is one reason why almost every merchant accepts credit cards. With the evolution of internet, credit card industry too took a new turn and up came ecommerce and e-shops. So, those stickers of "We accept credit cards", moved on to the doors of internet shops. Thus came the era where almost every online-shop would accept credit cards (directly or indirectly). In fact, this was the premise on which the complete online-business industry was based. This is convenience at its best. Fraud is associated with almost every financial instrument. So there came fraudsters too, who too said that "We accept credit cards". These fraudsters use a lot of techniques to commit credit card related fraud. Some of them disguise themselves as online merchants who accept credit cards as mode of payment (the actual motive being extraction of critical credit card details). Others are people who work at merchant shops that accept credit cards. These fraudsters either clone the credit cards or just note critical information from them (and use that for online-shopping). Some other fraudsters lure innocent people into revealing credit card details in chat rooms. And then there are tech-savvy fraudsters who use computer programs/softwares/devices (called spyware) to spy on the people who use their credit cards for online payments. The spyware capture their credit card information and get it transmitted to the spy using internet. So a lot of merchants and service providers do accept credit cards but keep in mind that the fraudsters too welcome/accept credit cards. This is something you surely need to be careful about. Vacation And Credit Cards Each and every year, many of us go on vacations. Vacations are a great way to relax, and get away from the everyday pressure of life. Over half of all American families take their vacation between April and September, meaning that they spend a lot of money on travel. Whether it's international or domestic travel, you can spend a fortune before you actually realize it. As we all know, traveling with cash or checks isn't always a wise decision. Renting cars, flying in airplanes, or checking into hotels is a much easier task if you have a credit card. Even though you may decide to use your credit cards for big purchases only, you'll find that the traveling experience will be a much smoother process. Unlike cash or checks, credit cards make handling your documents and receipts much easier. If you purchase something, records from that purchase will be made with your credit card manufacturer, which you can always fall back on if something happens. Things can go wrong without notice, so you'll always want a backup plan or something to have as proof in the event of a disaster. With a credit card, all you need to do is look back at your statement and you'll find everything that you purchased in one easy to find location. Credit cards are also much easier to handle and keep track of than cash. If you decide to go to a theme park or a resort, you'll find that cash can be a bit bulky to handle. Carrying a large amount of cash can be hard to keep track of, even though it isn't recommended. Credit cards use up less space, and you can keep them in your pocket. When you need to pay for something, you don't need to count through your cash, simply hand over your credit card and sign your receipt. If you don't have any credit cards, you can always get them for vacation purposes only. There are many benefits to having credit cards, besides the fact of them being easier to keep track of. There are many different credit cards out there to choose from, including those that will give you cash back or rewards when you make a purchase. Cash back is normally a small percentage of what you spend, and is given to you at the end of the month. Some credit cards will give you reward points for every dollar you spend, which can be redeemed with several merchants offering a variety of products. Although cash back is always a great thing, many people find reward cards to be just as good. You can enjoy your vacation, buy just about anything you want, and know that the money you spend will help you to buy other things that you may need when your vacation is over. Actually, can you think of this as having your cake and eating it to. All in all, credit cards can make your vacation easier than ever before. You can earn rewards and cash back with purchases you make using your card. Although you may think cash is the preferred way to go, there are several merchants who actually prefer credit cards. They are more professional, and easier for you to handle than cash or checks. They are easy to obtain as well, providing you have good credit. If you don't have a credit card, you should look into getting one before you take your next vacation. All you need to do is look for your favorite company online and apply through their website -- you'll normally receive a response in a matter of minutes. The worth of a business credit card Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market -- the business owners or business executives -- it seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly. What is a business credit card? Basically, business credit card is for the business people's consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits. Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks. Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit. Simplifying business credit cards It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards. When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access. Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards. Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible. Credit Card Company That You Can Trust: Chase If you are looking for a credit card company to give your business to, but are unsure of which one to choose, then you may want to consider Chase. They are known for being one of the best credit cards around. They make applying for one of their cards very simple and there are no hidden charges. When you sign up, they will give you all of the information about any charges that they may charge you. They do not have annual fees and offer a 0% interest introductory rate. Also, Chase offers fraud protection, which is a very important thing to have these days. It is so easy to apply for a Chase credit card. Applying on their website is simple, too. Their website is also a great place to learn more about their credit cards including the interest rates and pictures of each kind of card. You can also pay your credit card bill online. This is a fast and secure way for you to pay your credit card bill. If you do not have a Chase credit card, but have heard great things about the company, you can sign-up on their website. If you fill out the form correctly, then you could be a Chase member in just a few days. Chase offers individual accounts and small business accounts. This is great for those of you who are looking for a credit card to start your small business. Chase credit cards are accepted all over the world, so you do not have to worry about being able to use it on a trip abroad. Chase also gives their customers air miles for every dollar, so you may be able to take a vacation much cheaper than you think. Recently, Chase has went through some bad press -- mainly aimed at their customer service practices, but they have made strides to make their customer service better and to lower their interest rates. If you are looking for a credit card with a proven track record, then you will want to consider Chase. Credit card processing It comes as a surprise how credit cards have found their way into our lives (and out wallet). Credit cards have gradually turned into becoming a necessity (rather than luxury). You can find credit card processing machines in almost all the shops today. With the advent of internet, online credit card processing has become popular too. 'Credit card processing' as such is a really interesting topic. This article tries to put into perspective the people, systems and the equipment that go into credit card processing. First, let's check the equipments used for credit card processing. So, there are credit card processing softwares for online credit card processing, there are credit card processing machines (i.e. the credit card reading machines at shops), there are data verification/validation devices/softwares that verify the security information on credit cards, there are communication devices/systems that enable safe transfer of credit card information from one point to another, and then there are other credit card processing equipments like the credit card processing equipment that is used for the preparation of the actual plastic (credit card). Then there are various service providers that provide services related to credit card processing. There are suppliers for credit card processing equipment and suppliers for online credit card processing services. Then there are postal and courier service that help deliver credit card bills in time. There are merchants/petrol-bunks etc which provide facility of payment collection boxes at their premises (another important aspect of credit card processing). Besides that there are complete systems for processing credit card applications, there are systems for credit card bill processing/generation, there are people at call centres who help in addressing the queries from credit card holders and, very importantly, there are people (sales representatives) who help you in filling the credit card application forms. Another important entity with regards to 'credit card processing' process is the credit rating bureaus. Credit card bureaus maintain a database of credit ratings for individuals and businesses. This rating is based on the data received from various credit providers over a period of time. This rating is the most important part of credit card application processing and a bad rating can lead to rejection of the credit card application altogether. Thus, credit card processing involves a coordinated effort from a lot of professionals and service providers. In that sense, we can also say that credit card processing is an industry in itself that has generated a lot of employment. All about credit card rate What's the thing that is most prominent on any credit card ad? Well, it's the credit card rate (or the APR, as we know it). The credit card rate is the most publicized thing in the world of credit cards. A lot of people just compare the credit card rate of various credit cards and just go for the one that is offering the lowest credit card rate (or APR). Credit card rates are, in fact, one of the most important factors in the selection of a credit card (though not the only factor). Therefore, a proper understanding of Credit card rates is even more necessary. So, what is a credit card rate or APR? Very simply, credit card rate is the rate of interest that the credit card supplier will charge you with on the amount you owe them. The credit card supplier will charge you an interest only if you don't make full payments in time. When you receive your credit card bill, it specifies the full amount you owe the credit card supplier. It also specifies the minimum payment that you must make (by a particular date), in order to avoid incurring a late fee and other inconvenience. You have the option of making either a full payment or just the minimum payment. If you make a full payment (by the due date), you are not charged any interest. However, if you decide to go with the minimum payment or some amount that is lesser than the full amount, the credit card supplier will charge interest based on the credit card rate and the balance amount. This credit card rate is the interest rate that you agreed with them at the time of applying for the credit card. The credit card rate or the annual percentage rate, as is obvious, is an annual interest rate. The credit card suppliers use this annual credit card rate to calculate the monthly credit card rate and then they calculate the interest on the balance amount that you owe them. The balance amount here is simply = Full amount -- (payment made by you). This interest is added to your balance for the next month (at the time of next billing cycle). If you again make a partial payment, the new balance is calculated again and the credit card rate (monthly one) applied to it for calculation of new interest; and it keeps going on and on until you make the full payment. That's how credit card rate acts in this vicious circle. Hence, credit card rate is termed as the most important consideration in choosing a credit card. Getting Your Credit Card Online We all get credit card offers through traditional snail mail, and we all know how they work. Although many credit card offers in the mail claim that you are already pre approved, you still have to wait weeks and weeks before you hear anything back once you apply. These days are long gone though, as the Internet has made everything easier. With the Internet, you can apply for a credit card online and receive a response if minutes -- instead of waiting weeks and weeks. If you have good credit, you'll have no problems at all being approved online for a credit card. Those cards that have the best terms and rates are always available for those who have good credit. Therefore, before you apply online, you should know how good your credit is. You can always get a free credit report online, and check your credit yourself. If you do this at least twice a year, you'll always know where you stand with your credit. If you don't know your credit score of if you haven't looked at your credit report in a long time, now would be the time to do so. Look over your credit report, and fix anything that doesn't add a positive to your report. Always keep in mind that even being turned down for a credit card online can affect your credit score as well, and play a major role with future credit offers. Once you have looked at your credit report and determined how good your credit is, you can apply online for an immediate answer. No matter which credit card company you visit online, they will all ask for your personal information, such as your name, phone number, social security number, age, employer, income, and things of that nature. Before you fill out the application online for your new card, you should always go over the terms and conditions very carefully. You should look at the APR, and ensure that there are no surprises. Once you have applied, the company will use your social security number to pull your credit report and use it to determine your credibility and whether or not they can be approved for a credit card. When you begin filling out the application, you should make sure that the website you are using is encrypted. The standard encryption these days is SSL 128-bit, which ensure that the information you are sending is protected. If the website has less than 128-bit encryption, it may be possible for someone else to steal your information -- which could result in identity theft. Once you have finished filling out the application and send it on, you'll have the final decision in a matter of minutes. If you are using a credit card company with the right technology, the decision will be shown on the screen. If the decision isn't shown on the screen, it will be mailed to you via traditional snail mail. In the event that you don't get approved, you'll be mailed the reason why. If you've been approved, you can expect to receive your credit card in the mail within a few days. Applying for a credit card online is always the preferred way to receive a credit card, as things will work much faster. No more waiting for weeks at a time to receive a response, as you'll know instantly. There are hundreds of online credit card companies looking for your business -- which gives you plenty of choices when choosing the credit card -- and company that is best for you. What You Need To Know to Apply for a Credit Card One of the disadvantages of modern times is that people tend to acquire so many things they don't really need. Numerous gadgets and services occurred targeting a vast market of consumers and this emergence of various inventions somehow blinded people. 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. Although many people testify for the financial convenience you get when you apply for a credit card, it doesn't mean that every financing convenience applies for you or for everybody in that matter. 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 anyone? The emergence of electronic age made almost everything possible to people. Determining and curing terminal diseases made convenient, reaching uncharted territories became a possibility, and most of all; everyday life of people is made easy by the technology. We now have more convenient stores, easier means of transportation and a variety of gadgets that makes work and pleasure almost effortless. When it comes to finances, technology -- through efficient banking system and services -- has given people better alternatives and options how to manage their finances. Among the so many financial management schemes that emerged, one alternative stands out among the rest -- the credit card. Credit card, especially to working people and those who live very busy lives, has become an ultimate financial "savior." More than just being a status symbol or an add-on to expensive purses and wallets, credit card has revolutionized the way people spend their money. But, more than the glamour and the convenience credit card brings, there is much more to this card than most people could ever imagine. Credit Card 101 Before indulging much into the never-ending list of the advantages and disadvantages of having a credit card, it is very important for people to first have a brief realization of what credit card really is in order for them to maximize its potentials. In layman's terms, credit card is a card that allows a person to make purchases up to the limit set by the card issuer. One must then pay off the balance in installments with interest payments. Usually, credit card payment per month ranges from the minimum amount set by the bank to entire outstanding balance. And since it is a form of business, the longer the credit card holder wait to pay off his or her entire amount, the more interest pile up. Since having a credit card is a responsibility, only those people who are of legal age and have the capability to pay off the amount they are going to spend through their credit card, is allowed to have one. Actually, most of the adults in the U.S. use credit card because this is very convenient compared to carrying cash or checks every time they have to purchase something. It is also equally important to be familiar with the different types of credit cards before you begin to build up credit card balances and to avoid having a nightmare of debt. Since credit cards are indispensable to most consumers, it is a must that they understand the types of card that include charge cards, bankcards, retail cards, gold cards and secured cards. All of these types come in one of two interest rate options -- the fixed and variable. Actually, it doesn't really matter if you decide to have a fixed-rate credit card because the interest rate remains the same. Compared to variable rate cards where rate may be subject to change depends upon the credit card issuer's discretion, fixed-rate carry higher interest rates. Basically, credit card grantors issue three types of accounts with basic account agreements like the "revolving agreement" a.k.a. Typical Credit Card Account which allows the payer to pay in full monthly or prefer to have partial payments based on outstanding balance. While the Charge Agreement requires the payer to pay the full balance monthly so they won't have to pay the interest charges, the Installment Agreement, on the other hand, asks the payer to sign a contract to repay a fixed amount of credit in equal payments in definite period of time. Another category of credit card accounts includes the individual and joint accounts where the former asks the individual alone to repay the debt while the latter requires the partners responsible to pay. The common types of credit cards available through banks and other financial institutions also include Standard Credit Cards like Balance Transfer Credit Cards and Low Interest Credit Cards; Credit Cards with Rewards Programs like Airline Miles Credit Cards, Cash Back Credit Cards and Rewards Credit Cards; Credit Cards for Bad Credit like Secured Credit Cards and Prepaid Debit Cards; and Specialty Credit Cards like Business Credit Cards and Student Credit Cards. Now that you have an idea how many types of credit card there is, it is now time to review your goals before applying for one. Some of the things you should consider is how will you spend with the credit card monthly, if you plan to carry a balance at the end of the month, how much are you willing to pay in annual fees, if you have a strong credit history and is does your credit in need of rehabilitation. Once you have an idea of what you are looking for choose the right credit card for you by researching the information you need that will fit your basic needs. You may also review the credit cards you've research and compare them. Shopping for a credit card? Regardless of the type of credit card you choose, be sure to discuss your specific financial needs with your financial advisor or accountant before applying for any credit card. It is a must that you understand the benefits of having a credit card like safety, valuable consumer protections under the law, and the accessibility and availability of services. The most popular credit cards include Chase Manhattan Bank, Citibank, Bank of America, BankOne, American Express, DiscoverŪ Card, First Premier Bank, Advanta, HSBC Bank, and MasterCard Credit Cards. Although having a credit card is synonymous to invincibility, this may also trigger a person's thirst for material things and may lead into the temptation of buying something they don't really need. A credit card bearer should always have in min that having a credit card is a big responsibility. If they don't use it carefully, these may owe more than they can repay. It can also damage their credit report, and create credit problems that are quite difficult to repair. Chase.com credit card offers Online credit card applications seem to be the in thing and Chase too offers online credit card application facility. Here, 'Chase.com credit cards' refers to the chase credit cards that can be applied for online. Just for those who don't know, 'Chase' is a brand that is owned by JPMorgan Chase & Co. (a leading global financial services firm). By 'Chase.com credit card offers', I mean the credit card offers that are available at chase.com. Obviously, 'Chase.com credit cards' would be regulated by chase. Again, as with any other credit card supplier, 'Chase.com credit cards' on offer would be changing too. Anyways; one night, before going to bed, I thought of just checking the chase.com credit cards section. Here is what I found: There is a separate Chase.com credit cards section. As I browsed through the Chase.com credit cards section (the online application ones), the first one I encountered was called 'Chase Cash Plus' or the 'Chase Cash Plus Rewards'. These promise faster rewards and offer 5% earnings on gas and on purchases made at grocery-stores/drug-stores. For other shopping venues, it offers 1% earnings. These earnings can be in the form of gift certificates or cash. The next on the Chase.com credit cards section was the 'Flexible rewards Visa signature card'. Here you earn a point for every purchase of $1. You can keep collecting these points and then finally redeem them for your choice of things (like cash, travel, gift certificates or some kind of merchandise). The redemption can start at 2500 points (and you get a bonus of 1000 points once you make the first purchase). Moreover, this one doesn't have any annual fee either. So that was the second one in the Chase.com credit cards section. Moving on in the Chase.com credit cards section, I found 'Free Cash Rewards Platinum Visa card'. This one, as the name goes, offers cash rewards. You can get a $25 check or a gift certificate on redemption of 2500 points. Since there is one point earned for every $1 spend, this mean that you effectively get 1% cash back on these cards. I had started loving browsing through the Chase.com credit cards section. So I moved on to the next one in the Chase.com credit cards section. The next one on the Chase.com credit cards section was 'Chase Perfect Platinum MasterCard' which doesn't limit you to getting rebates only on a particular brand of gasoline; instead, you get rebates everywhere. ' Chase Platinum MasterCard' was the next one in the Chase.com credit cards section. This one offers online account management i.e. monthly statements, bill payments etc can all be done online (also you don't have any annual fee on this one). There were few more cards on Chase.com credit cards section and one especially caught my attention. This one was at the bottom of Chase.com credit cards section and was called 'Check Gallery Platinum Visa Card'. Here you could choose the design of your card from those available e.g. cowboys, smileys etc. By now, I was so sleepy that I really had to shut down my computer and go off to sleep. Note: The information given in this article was correct at the time it was written. However, the author does not guarantee the correctness and completeness of this information at any time. Student Credit Cards In today's world, having a credit card is a luxury. Credit cards are a great convenience, meaning that you don't need to worry about cash when making a purchase. Although some credit cards have strict requirements, there are a lot of manufacturers that are giving both high school and college students the chance to get their own credit cards. Student credit cards can be used the same way as a traditional credit card, although they do come with certain restrictions and limitations that other credit cards don't normally have. A lot of companies and banks that offer student credit cards will normally need a co-signer as a form of insurance or collateral. This person will sign on the loan with the student, and will be the person the company falls back on if the student is unable to pay the bill. Normally a parent or guardian, the co-signer is considered to be back up and a peace of mind for the issuer of the student credit card, as they can always count on the co-signer with good credit to pay if the student can't. Normally, the APR or interest rate is higher with student credit cards, which helps to minimize the risk for the company. The spending limit is also different with these credit cards, as most are between 250 -- 800 dollars. The reason for this, is because most students have established any credit, and therefore won't have a great credit rating. Although the spending limit is obviously lower with these cards than other credit cards, they will still help students establish credit. Students who plan to make a large purchase, can greatly benefit from using student credit cards. To make large purchases, you'll need good credit -- which is where a student credit card can really help out. You can use these credit cards as a stepping stone to building credit, and establishing a good credit rating. If you can get your credit rating high with your credit card, you'll then be able to be approved for much higher loans in the future. Student credit cards can also help students gain a sense of responsibility. The card works just like any other credit card, although the spending limit is much lower. Once the student has mastered usage of the card, he or she can manage money much better later on in life. These cards are great for students to have, and can teach them money skills that will last a lifetime. Just like traditional credit cards, students should also know that student credits cards can be dangerous. Although they are great to have, there are pitfalls such as overspending. If students spend more money than they having coming in, they will be unable to pay their credit card bill, which will then affect their credit. If the company goes after the co-signer to pay the bill, it could also affect their credit as well. Therefore, students should always have a budget in mind before they start using their credit cards. All in all, student credit cards are great to have. For high school students or college students, these credit cards are a means of freedom, and a way to teach responsibility. They can come in handy during emergencies, which is reason enough to invest in them. If your son or daughter is in school right now, you should look into student credit cards. They can help your child to establish credit -- which will take them farther wherever they go in life. Student credit cards For students, the student credit cards are the best way to enter the fascinating world of credit cards. Student credit cards help the students in taking advantage of the various benefits associated with credit cards in general e.g. convenience, safety, rebates etc., much earlier in their life. Moreover, student credit cards act as training ground for students, most of whom haven't had any experience with credit cards. The student credit cards help the students in gaining hands-on knowledge about the various aspects of credit cards and their use. Most credit card suppliers also include a small guide that helps the students in gaining a good understanding of credit cards, upfront. The students learn more and more with every transaction on their student credit card and as they experiment with the various benefits associated with the student credit cards using their student credit cards in various ways. Another important benefit is in terms of the time that student credit cards save for the students. As we know, time is very valuable for students and by using their student credit card to order things online, they can actually save a lot of time too. Moreover, the students might require short term loans (in case there is a delay in the arrival of funds in their account, for whatever reason); and student credit cards facilitate this very easily taking the burden off from the student (so students can use their student credit cards like a loan for making payments in the meantime). As such, money is the other critical thing for students. Student credit cards again become handy here by saving them some money in terms of rebates from retail stores, grocery shops etc. Moreover, the students also receive additional rewards/benefits from the members reward programmes that come with all credit cards (including student credit cards). As students use their student credit cards, they keep building their knowledge database. This knowledge becomes handy when they are out of college and into their job and looking for a full-fledged credit card (i.e. credit cards which have lesser restrictions, more credit limit etc as compared to a student credit card). Hence the student credit cards help the students in making a knowledge-based decision rather than a fancy-based one. Such decisions and the knowledge about using the credit cards in a disciplined manner, acts as a deterrent to one of the most serious problems being faced by credit card industry i.e. the problem of credit card debt. With so many advantages on the plate, the student credit cards are really an essential for every student. Is it ok to apply online for credit card? With the fast pace of our everyday lives, we don't have time for anything really. This is where the combined power of commerce and technology comes in. The capability to apply online for a credit card is one such example. Yes, you can apply online for a credit card. The revolution behind providing you with the ability to 'apply online for credit card' is called 'internet'. You can not only apply online for credit card but also use your credit card to do online shopping (and get the goods delivered to your door at no extra cost compared to the local store). So, it is possible to apply online for a credit card. To apply online for credit card, you just have to fill-in an application form that is presented to you on the website of the credit card supplier (who provides the capability to apply online for credit card). This application form is very similar to the one you would have filled-in in person -- the details asked are same and the processing of the application is same too. You will find that a lot credit card companies encourage you to apply online for credit card. This is because they save on the costs related to salary of representatives, paper, etc. Moreover, when you apply online for credit card, your details can smoothly flow into the database of the credit card supplier i.e. the manual intervention is minimal when you apply online for credit card. This will in turn lead to faster processing of your application. Though it is not necessarily true, if you apply online for credit card, your credit card might reach you much faster. Moreover, if you apply online for credit card, you save on all the time and hassle associated with approaching a credit card company etc etc. You can compare the credit cards (again online) before you apply online for credit card. Some people don't like to apply online for credit card. The main reason is their discomfort in giving out the personal information online. One quick check, before you apply online for credit card, is to see if the website address of the page (where you are required to enter your details) starts with 'https'. 'Https' indicates that it's a secure website (you might also check if the security certificate is provided by a reputed organisation e.g. Verisign). If you don't see an https, you should not apply online for credit card of that company. Besides that, some people don't apply online for credit card because they are not comfortable in filling up the form all by themselves. In such a case, you might either not apply online for credit card (and apply in person instead); or you might just go through the form, note down your questions/problems and seek the answers by calling the customer service centre of the credit card company. So, applying online for credit card is surely a good option. Guide to Acquiring UK Credit Cards All credit cards come in many shapes, colors and sizes. They come in different types and brands with their own list of great deals to offer. UK credit cards are not different from these. When you apply for a UK credit card online, there are three easy steps you can follow. First, you can search through the list of UK credit cards you might find while surfing the net. Then, you can compare the rates and the fees of these UK credit cards side by side and prepare for the process of elimination. After you have weighed the pros and cons and the advantage and disadvantages of your top choices, you can now make the final decision, which among the UK credit cards offered would best suit your needs. Then, you may proceed with your UK credit card application by filling out the form online. Things you should know before getting UK credit cards Indeed, "plastic" has tremendously redefined the way people spend their money. In the US alone, more and more Americans are using credit cards because of the financial convenience it brings. When it comes to the UK, studies show that the Britons owe hundreds of millions in credit card debts. Being a flexible and accessible method of acquiring credit, various UK credit cards are being offered by major lenders to provide ultimate convenience to the consumers. Applying for UK credit card can be both easy and difficult at the same time. Well, it can be surprisingly easy compared to spending the money itself. Getting a UK credit card is quite as easy like splurging your bucks on shopping spree. But, the difficult part when you have a UK credit card or any other credit card for that matter, is when the monthly bill arrives. Before getting a UK credit card, make sure to visit some guide and glossary so you will have all the information you need. Searching for important tips before you choose your UK credit card will help you become educated in your purchasing decision. Being informed before filling out for a UK credit card application will also help you reduce the possibility of getting stuck up in a credit card debt trap. Reading some tips will also help you decide for yourself which among the list of UK credit cards would best suit your financing needs. You can choose the right UK credit card by comparing their features, interest rates, and benefits. Among the UK credit cards available, you should find the credit card with 0%, has the best rates and APR for balance transfers or purchases. Most importantly, never forget to look for the UK credit card with lowest rates by reading the descriptions carefully before you apply for a credit card online. Top UK Credit Cards Since more than half a million pounds are spent on UK credit cards every minute-amounting to tens of billions spent each year-it is very important to choose the best credit card for you. Here are some of the top UK credit cards available. With their own sets of great deals to offer, it's up to you, which among these UK credit cards is best for you. First among the list is Marbles. It offers up to 52 days' interest free credit, 0% balance transfers for the 1st 6 months, and 14.9 % APR. If you're the type of person who wants almost everything customized, this UK credit card lets you choose what your card will look like. It also lets you manage your account online. This UK credit card is designed in one of the safest and secure credit card systems around. If you are looking for a UK credit card that offers from 0% APR on balance transfers, from 15.9% APR on card purchases, no annual fees, and a free 24-hour help line, then you might want to try Virgin Card. This UK credit card can actually be your exclusive pass to an exclusive online membership online stuffed with great money-off deals. Another is the Egg Card that automatically gives you free purchase in transit protection for items. You can actually pay for all or part of your fare using this UK credit card plus the benefit of free personal travel accident insurance. Apart from that, the customers also get a 10% discount on home and travel insurance policies when they use this UK credit card. The GM platinum card, on the other hand, offers 14.9 % APR, 0% per annum on balance transfers and purchases for 5 months, and online account management. The best thing about this UK credit card is that the holder will receive a 100 free Rebate Points the first time you use it. This unique reward scheme makes this UK credit card more fun compared to others. After weighing all the pros and cons, advantages and disadvantages, you may now choose the best UK credit card for you. UK credit card UK credit cards and balance transfers Credit cards are pretty popular and in widespread use in UK. Credit cards are accepted at most shops and other merchant stores/outlets. As in the US, UK credit cards too are on offer from various banks and financial institutions. Again, UK credit cards too offer a number of benefits which vary from one UK credit card to another (though there are a lot of common benefits too which are same across various UK credit cards). Due to the fierce competition in the UK credit card market, various UK credit card suppliers offer attractive balance transfer schemes too. There are some UK credit cards that offer 0% balance transfer for 9 months and there are others that offer 0% for 6 months. However, the catch here is that these UK card credit suppliers differ on their standard APR rate i.e. the APR rate which comes into effect after the expiry of the introductory 0% balance transfer offer. Further there are some UK credit cards that do not offer a 0% balance transfer but instead offer a better standard rate (APR) throughout. Some UK credit card suppliers combine 0% offers with accrual of points on a rewards programme. Another popular thing among UK credit cards is to combine cash back offers with balance transfers. Then there are some very attractive offers which give 0% not only on balance transfers but also on Purchases (for a short period like 5 month or so). You also have a few UK credit cards that can be procured by people with bad credit history too (of course, the decision on approval of such a credit card application will lie with the credit card supplier). So what does one do if one wants to transfer balance to another UK credit card. Well, it's quite simple. You need to take stock of your current financial situation and determine if a period of 6 months or 9 months (or maybe even 12 months) would be sufficient for you to fully payback the dues on your UK credit card. If the answer is in the affirmative, just go ahead for the UK credit card that offers 0% balance transfer for this period (even if the standard APR rate is a bit higher). However, the assumption here is that once you payback the debt on your UK credit card, you will stick to controlled spending and will pay your credit card bills in full amount by the due date for payment; otherwise, the choice of a higher standard APR will hit you very hard and you will be in deeper trouble. However, if you think that 9 months is not sufficient to pay back the debt on your UK credit card, then you should look to strike a balance between the zero APR period and the standard APR rate, and choose a UK credit card which leads to the least total outgo (you will need to sit with a calculator and calculate the total outgo on various UK credit card offers). This is the most basic aspect that you need to consider before you decide on which UK credit card is the best for transferring balance. Other things like 0% on purchases, reward programmer points etc are secondary things.
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