Credit Card Processing
By Shane Penrod
Does your company need credit card processing? It does if you
can benefit from the following:
Credit Card Processing Enhances Your Professional Status. When
customers know that you accept credit payments, they often are
more likely to pay more, return often, and tell their friends
if the service is good. This is because a company that makes
credit payment options available to clients is telling the
world that they care about customers and they are professional
enough to invest in systems that will enhance the shopping
experience for guests. No one likes that disappointed feeling
when, after browsing, you find something you want to buy but
then fail to find enough cash in your wallet to purchase it.
Writing a check may put you over the balance, and you don’t
want to take time to run to the ATM machine to withdraw the
money from savings. When customers can pay with a plastic card,
they may show their appreciation by returning again and again to
shop your store.
Credit Card Processing is Inexpensive. It depends on your
current business budget, of course, but you don’t have to sink
a lot of money into credit card processing equipment. All you
need do is get a merchant account services account, buy or
lease a credit card processing unit, and you are good to go.
Plug it in or take a wireless unit with you on the road to make
credit payments easy, fast, and secure. Plan on paying a
per-transaction fee of perhaps 25 cents or a low interest
monthly rate that may include minimums. Associated expenses may
include discount fees, gateway fees, print statement fees, and
membership costs. There may be others as well. Overall,
however, the benefits of a merchant account outweigh its costs.
Credit Card Processing is Flexible. You don’t have to be stuck
behind the cash register all day to appreciate the advantages
of a merchant account’s ability to provide credit card
processing. You can take a wireless unit from one destination
to another to let clients pay at the point of purchase rather
than wait for billing. You may want to invest in a pager that
will let you provide instant deliveries or prompt responses to
customer inquiries, some of which could lead to direct or
indirect sales with the option of credit card payments. You can
also set up an online Website to accept credit card payments
from potentially billions of customers around the world. It’s
all up to you, of course, as to what you’re ready to do in
terms of growing your company’s sales. You won’t need extra
staff to manage credit card processing, either. In fact, you
may be able to operate some credit card processing systems
automatically when you opt for the telephone payment system or
the Website option. But you will need to have a staff member
available at certain times for questions or troubleshooting
issues.
Don’t get left behind by competitors who already have merchant
account services and customers who expect them. Start browsing
now to learn more about Credit Card Processing.
About the Author: Shane Penrod is the founder of
http://www.Merchant-Account-Quotes.com Specializing in allowing
merchants the ability to shop and compare multiple quotes from
national merchant account providers. For free quotes on
merchant account rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
Monday, April 30, 2007
Saturday, April 28, 2007
Credit Card Processing Company in USA
Debt Consolidation – Can You Negotiate With Your Credit Card
Company?
By Charles Essmeier
The average American household has nearly $10,000 in credit
card debt, and many people are only able to make the minimum
payment of 2% of the balance. Even 2% is $200, and by paying
the minimum payment, you could be paying on the balance for
decades before you finally pay it off. Since new legislation
will make it more difficult to file for bankruptcy, it may
occur to savvy debtors to try to negotiate a better deal with
their credit card company in order to make it easier to pay off
the balance. Is this possible?
It might be possible, depending on your credit history,
interest rate, and current balance. Your best bet, especially
if you have a history of paying on time, is to simply call your
credit card company and ask if they will lower your interest
rate. They might, especially if you tell them that you got a
better offer from another bank. If you have a history of paying
late, however, they probably will not be willing to lower your
interest rate. That’s unfortunate, since paying late has
probably prompted the credit card company to raise your
interest rate in the first place. Still, it’s worth a phone
call; you may get lucky.
If you’ve been paying your bills on time, asking for a lower
interest rate may be the only option available to you. The
credit card companies aren’t going to be too sympathetic to
your financial woes if they’re receiving payment on time. On
the other hand, if you’re late on your payments, especially if
you’re more than three months behind, you may have some
negotiating leverage. That leverage comes with a few strings
attached, however. You may be able to negotiate a lump-sum
settlement for your outstanding balance, where the credit card
company accepts a portion of your debt and writes off the rest.
They’re often willing to do this instead of turning your debt
over to a collection agency, as it’s cheaper just to settle.
The settlement amount will vary, depending on your interest
rate, your balance and your payment history. This type of
settlement comes with a couple of problems of its own, though.
What if you don’t have the money to settle all at once? If you
can’t pay your bills on time, you probably don’t have the cash
to settle at once. Additionally, the amount of your debt that
gets written off will show up on your credit report as bad
debt, and that will stay there for seven years.
Your credit card company may or may not be willing to work out
a payment plan, but it costs you nothing to ask them, and
negotiating a settlement with them may be cheaper for you than
if you consult with a debt consolidation firm. If your credit
card debt is substantial and you just can’t make the payments,
it’s worth a try.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.
Source: http://www.isnare.com
Company?
By Charles Essmeier
The average American household has nearly $10,000 in credit
card debt, and many people are only able to make the minimum
payment of 2% of the balance. Even 2% is $200, and by paying
the minimum payment, you could be paying on the balance for
decades before you finally pay it off. Since new legislation
will make it more difficult to file for bankruptcy, it may
occur to savvy debtors to try to negotiate a better deal with
their credit card company in order to make it easier to pay off
the balance. Is this possible?
It might be possible, depending on your credit history,
interest rate, and current balance. Your best bet, especially
if you have a history of paying on time, is to simply call your
credit card company and ask if they will lower your interest
rate. They might, especially if you tell them that you got a
better offer from another bank. If you have a history of paying
late, however, they probably will not be willing to lower your
interest rate. That’s unfortunate, since paying late has
probably prompted the credit card company to raise your
interest rate in the first place. Still, it’s worth a phone
call; you may get lucky.
If you’ve been paying your bills on time, asking for a lower
interest rate may be the only option available to you. The
credit card companies aren’t going to be too sympathetic to
your financial woes if they’re receiving payment on time. On
the other hand, if you’re late on your payments, especially if
you’re more than three months behind, you may have some
negotiating leverage. That leverage comes with a few strings
attached, however. You may be able to negotiate a lump-sum
settlement for your outstanding balance, where the credit card
company accepts a portion of your debt and writes off the rest.
They’re often willing to do this instead of turning your debt
over to a collection agency, as it’s cheaper just to settle.
The settlement amount will vary, depending on your interest
rate, your balance and your payment history. This type of
settlement comes with a couple of problems of its own, though.
What if you don’t have the money to settle all at once? If you
can’t pay your bills on time, you probably don’t have the cash
to settle at once. Additionally, the amount of your debt that
gets written off will show up on your credit report as bad
debt, and that will stay there for seven years.
Your credit card company may or may not be willing to work out
a payment plan, but it costs you nothing to ask them, and
negotiating a settlement with them may be cheaper for you than
if you consult with a debt consolidation firm. If your credit
card debt is substantial and you just can’t make the payments,
it’s worth a try.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.
Source: http://www.isnare.com
Friday, April 27, 2007
Credit Card Processing Company in USA
Credit Card Authorisation Advice
By Peter Kenny
Most of us use credit or debit cards regularly, and normally there are no problems verifying that these cards belong to us. However, sometimes there are extra security measures or technical problems that make it hard to verify if a card belongs to someone or not. If you find yourself in this situation, there are a number of steps you can take to resolve the situation.
Entering the wrong PIN
If you have a number of cards or are just in a rush, it can be easy to enter the wrong PIN in a cash machine or retail machine. If this happens, you have two more chances to enter the right PIN. Sometimes software error can cause your PIN to not be authorised, especially in handheld chip and PIN machines. If you are unsure of your PIN then stop trying. If you enter the wrong PIN three times then your card will be locked and you will have to call your card issuer to sort out the situation.
Phoning your card issuer
When you need to sort out any disputes or get some questions answered by your card issuer, you will likely need to provide some information. Simply providing your card number and name will not be enough, and either your credit limit, date of birth or bank statement details will also need to be provided. Although this may seem like a tedious process, it is for your own security.
Shop authorisation on the phone
When you buy something from a shop, there are times when extra information is required. These checks are usually done by the card company and are random, and help to monitor security levels. You will usually be asked for some extra personal information or card details in order to verify your purchase. If this happens to you, don’t think you are in trouble, just remember that it is all for your own safety and security.
If your card is denied
There is a possibility that even if you have enough credit your card will be denied. This might mean your card has been used illegally, or simply that the authorisation system is not working properly and your card cannot be verified. Try and remain calm and don’t panic, as this can happen to anyone at any time. You can always try the card again, but if it doesn’t work you will need to use another card or phone up your card issuer immediately. Usually the problem can be sorted very quickly.
Signing for your purchases
If you go anywhere and you are still asked to sign for your goods instead of using Chip and PIN, then be very cautious. Everywhere should get you to use Chip and PIN now, and if they don’t they are putting you and themselves at a greater risk of fraud. Make sure that proper authorisation is given before paying for anything at all. This will help your card to remain safe and secure.
Peter Kenny is a writer for creditcards-gb.co.uk Please visit us at Credit Cards and 0% Balance Transfers
http://www.creditcards2go4.com/
Article Source: http://EzineArticles.com/?expert=Peter_Kenny
http://EzineArticles.com/?Credit-Card-Authorisation-Advice&id=483821
By Peter Kenny
Most of us use credit or debit cards regularly, and normally there are no problems verifying that these cards belong to us. However, sometimes there are extra security measures or technical problems that make it hard to verify if a card belongs to someone or not. If you find yourself in this situation, there are a number of steps you can take to resolve the situation.
Entering the wrong PIN
If you have a number of cards or are just in a rush, it can be easy to enter the wrong PIN in a cash machine or retail machine. If this happens, you have two more chances to enter the right PIN. Sometimes software error can cause your PIN to not be authorised, especially in handheld chip and PIN machines. If you are unsure of your PIN then stop trying. If you enter the wrong PIN three times then your card will be locked and you will have to call your card issuer to sort out the situation.
Phoning your card issuer
When you need to sort out any disputes or get some questions answered by your card issuer, you will likely need to provide some information. Simply providing your card number and name will not be enough, and either your credit limit, date of birth or bank statement details will also need to be provided. Although this may seem like a tedious process, it is for your own security.
Shop authorisation on the phone
When you buy something from a shop, there are times when extra information is required. These checks are usually done by the card company and are random, and help to monitor security levels. You will usually be asked for some extra personal information or card details in order to verify your purchase. If this happens to you, don’t think you are in trouble, just remember that it is all for your own safety and security.
If your card is denied
There is a possibility that even if you have enough credit your card will be denied. This might mean your card has been used illegally, or simply that the authorisation system is not working properly and your card cannot be verified. Try and remain calm and don’t panic, as this can happen to anyone at any time. You can always try the card again, but if it doesn’t work you will need to use another card or phone up your card issuer immediately. Usually the problem can be sorted very quickly.
Signing for your purchases
If you go anywhere and you are still asked to sign for your goods instead of using Chip and PIN, then be very cautious. Everywhere should get you to use Chip and PIN now, and if they don’t they are putting you and themselves at a greater risk of fraud. Make sure that proper authorisation is given before paying for anything at all. This will help your card to remain safe and secure.
Peter Kenny is a writer for creditcards-gb.co.uk Please visit us at Credit Cards and 0% Balance Transfers
http://www.creditcards2go4.com/
Article Source: http://EzineArticles.com/?expert=Peter_Kenny
http://EzineArticles.com/?Credit-Card-Authorisation-Advice&id=483821
Wednesday, April 25, 2007
Credit Card Processing Company in USA
Choosemyrewards: The New Chase Credit Card Rewards Management Tool
By Russ Nauta
In previous articles, I have discussed travel, cashback, interest-savings, and merchandise rewards programs. These rewards specific cards are geared towards people who are grounded in which type of rewards they would like to earn.
For those who are indecisive or those having different rewards interests at different times of the year, should take an interest in the Chase choosemyrewards program. There are two different flagship cards involved in this program, the Chase Cash Plus Rewards Visa and the Chase Flexible Rewards Visa. Both cards offer 0% APR's for 1 year, and low APR's thereafter. Statistics show however, that the approval rate for the Chase Cash Plus Rewards Visa is higher.
Let's take a minute to explain the choosemyrewards program. Like any other rewards program, there is a point system for both cards. You receive one point for every dollar spent on purchases with each card. When these points are accumulated, you then have the option of redeeming them for a variety of goods or cash. Here is what distinguishes these two cards from all other programs. At any time, you may login to the choosemyrewards page on the Chase server to elect which type of rewards you would like to receive. Choices include merchandise, restaurant gift certificates, retail gift certificates, travel rewards, and with the Chase Cash Plus Rewards Visa up to 5% cashback on purchases.
Many other rewards programs make it very difficult for the consumer to redeem rewards, let alone choose them. Typically, you would have to call up the company, wait on hold to get in touch with the proper customer service representitive, and then listen to them give you your list of options before ultimately processing your decision. With the choosemyrewards program this is not the case. In the mail with your new Chase card, you will receive a login pin number and the web address where you may access your rewards account. After entering your pin number, you may view your points accrued and a list of all rewards options. You may then scroll through the list of options and choose the rewards you would like to receive.
It only gets better. Let's say you logout of your account after you choose your rewards and realize that maybe you didn't really want that gift certificate to Home Depot that you signed up for. Instead you'd like a gift certificate to your favorite restaurant. All you have to do is simply log back in and switch your reward redemption. This is a very simple and painless process and gives you, the consumer much more control.
Many people save their points until the end of the year, because they never expire, and redeem their points to give gift certificates as holiday presents. Others take a trip to a warm place during the winter. Others just simply trump in on a cashback award in the form of a check. Whatever your interest are, or if they change, enrolling in the choosemyrewards program will make your rewards management more user-friendly and thus, much easier.
Russ Nauta is the senior writer and consumer credit information investigator for Credit Card Outlet, a leading online credit card information portal since 2004
Credit Card Outlet features instant approval credit cards, rewards cards, balance transfer cards and low APR cards from major issuing banks.
This article may be reprinted with a published link back to http://www.credit-card-outlet.com.
Article Source: http://EzineArticles.com/?expert=Russ_Nauta
http://EzineArticles.com/?Choosemyrewards:-The-New-Chase-Credit-Card-Rewards-Management-Tool&id=142885
By Russ Nauta
In previous articles, I have discussed travel, cashback, interest-savings, and merchandise rewards programs. These rewards specific cards are geared towards people who are grounded in which type of rewards they would like to earn.
For those who are indecisive or those having different rewards interests at different times of the year, should take an interest in the Chase choosemyrewards program. There are two different flagship cards involved in this program, the Chase Cash Plus Rewards Visa and the Chase Flexible Rewards Visa. Both cards offer 0% APR's for 1 year, and low APR's thereafter. Statistics show however, that the approval rate for the Chase Cash Plus Rewards Visa is higher.
Let's take a minute to explain the choosemyrewards program. Like any other rewards program, there is a point system for both cards. You receive one point for every dollar spent on purchases with each card. When these points are accumulated, you then have the option of redeeming them for a variety of goods or cash. Here is what distinguishes these two cards from all other programs. At any time, you may login to the choosemyrewards page on the Chase server to elect which type of rewards you would like to receive. Choices include merchandise, restaurant gift certificates, retail gift certificates, travel rewards, and with the Chase Cash Plus Rewards Visa up to 5% cashback on purchases.
Many other rewards programs make it very difficult for the consumer to redeem rewards, let alone choose them. Typically, you would have to call up the company, wait on hold to get in touch with the proper customer service representitive, and then listen to them give you your list of options before ultimately processing your decision. With the choosemyrewards program this is not the case. In the mail with your new Chase card, you will receive a login pin number and the web address where you may access your rewards account. After entering your pin number, you may view your points accrued and a list of all rewards options. You may then scroll through the list of options and choose the rewards you would like to receive.
It only gets better. Let's say you logout of your account after you choose your rewards and realize that maybe you didn't really want that gift certificate to Home Depot that you signed up for. Instead you'd like a gift certificate to your favorite restaurant. All you have to do is simply log back in and switch your reward redemption. This is a very simple and painless process and gives you, the consumer much more control.
Many people save their points until the end of the year, because they never expire, and redeem their points to give gift certificates as holiday presents. Others take a trip to a warm place during the winter. Others just simply trump in on a cashback award in the form of a check. Whatever your interest are, or if they change, enrolling in the choosemyrewards program will make your rewards management more user-friendly and thus, much easier.
Russ Nauta is the senior writer and consumer credit information investigator for Credit Card Outlet, a leading online credit card information portal since 2004
Credit Card Outlet features instant approval credit cards, rewards cards, balance transfer cards and low APR cards from major issuing banks.
This article may be reprinted with a published link back to http://www.credit-card-outlet.com.
Article Source: http://EzineArticles.com/?expert=Russ_Nauta
http://EzineArticles.com/?Choosemyrewards:-The-New-Chase-Credit-Card-Rewards-Management-Tool&id=142885
Tuesday, April 17, 2007
credit card processing company in USA
Tips For Choosing A Credit Card Company
By John Daley
Credit Cards are essential for any consumer today. However,
when choosing a new credit card company, many people do not
know what to look for. It is important to have a good company
because bad credit card companies can lead users into quite a
bit of trouble. Whether you are a college student getting your
first credit card, or someone looking to switch, choosing the
company and type is very important. These few tips should help
make your decision easier.
1. Pay attention to interest rates. In truth, all credit card
interest rates are ridiculous. However, it is always a good
idea to choose the best interest rate for your needs. If you
think you may have the potential to miss a payment or two, then
a lower interest rate will suit your needs better than a higher
interest rates. If you are completely confident in your ability
to pay credit card debts off immediately, than interest rates
should not be a problem. Always look for the median interest
rate. Credit card companies offering extremely low interest
rates may have other hidden charges. Extremely high interest
rates are simply nonsensical.
2. The type of credit card must also be taken into account.
Different credit card types have different offers. Major cards
like American Express, Visa, Master Card, and Discover all have
their positive and negative elements. Along with the type comes
the credit card plan. Some credit cards are designed for
college students, and have special bonuses for grades. Other
credit cards offer reward points for shopping at a certain
store. Always go for the credit card promotion that fits you
best. If you eat frequently at a certain restaurant, then maybe
a credit card offering reward points for that restaurant is a
good idea.
3. Keep in mind the bank associated with the credit card, and
the credit card company’s policies on security. Identity theft
is a large issue and continues to increase. Be sure that your
bank has specific security plans to keep your personal
information safe. In the event of credit card fraud, it is
always good to have a company with great identity theft
policies. Some credit card companies will work tirelessly to
correct the identity theft problem and clear your name. Other
companies may not be so eager to give up their time and money
to protect your credit status.
4. Lastly, keep in mind some tricks credit card carriers may
employ. Some banks will attempt to destabilize someone with
good credit by sending their bills at different times. Other
credit card companies will offer great rewards, but have hidden
fees and high interest rates. It is always good to see a
company’s policy on late payment. Some companies will take
advantage of a late payment by raising interest rates
drastically and severely injuring your credit. Never be afraid
to read the fine print of any credit card agreement, because
you might find something that you don’t agree with.
Getting a new credit card can be scary. Credit is a big deal
because it dictates what you are able to borrow and do
financially. However, with careful planning and
decision-making, you will surely get a credit card that is
worth having.
About the Author: John Daley is very interested in financial
topics and gives advice on credit cards. Learn more at
http://www.creditcardlowdown.com .
Source: http://www.isnare.com
By John Daley
Credit Cards are essential for any consumer today. However,
when choosing a new credit card company, many people do not
know what to look for. It is important to have a good company
because bad credit card companies can lead users into quite a
bit of trouble. Whether you are a college student getting your
first credit card, or someone looking to switch, choosing the
company and type is very important. These few tips should help
make your decision easier.
1. Pay attention to interest rates. In truth, all credit card
interest rates are ridiculous. However, it is always a good
idea to choose the best interest rate for your needs. If you
think you may have the potential to miss a payment or two, then
a lower interest rate will suit your needs better than a higher
interest rates. If you are completely confident in your ability
to pay credit card debts off immediately, than interest rates
should not be a problem. Always look for the median interest
rate. Credit card companies offering extremely low interest
rates may have other hidden charges. Extremely high interest
rates are simply nonsensical.
2. The type of credit card must also be taken into account.
Different credit card types have different offers. Major cards
like American Express, Visa, Master Card, and Discover all have
their positive and negative elements. Along with the type comes
the credit card plan. Some credit cards are designed for
college students, and have special bonuses for grades. Other
credit cards offer reward points for shopping at a certain
store. Always go for the credit card promotion that fits you
best. If you eat frequently at a certain restaurant, then maybe
a credit card offering reward points for that restaurant is a
good idea.
3. Keep in mind the bank associated with the credit card, and
the credit card company’s policies on security. Identity theft
is a large issue and continues to increase. Be sure that your
bank has specific security plans to keep your personal
information safe. In the event of credit card fraud, it is
always good to have a company with great identity theft
policies. Some credit card companies will work tirelessly to
correct the identity theft problem and clear your name. Other
companies may not be so eager to give up their time and money
to protect your credit status.
4. Lastly, keep in mind some tricks credit card carriers may
employ. Some banks will attempt to destabilize someone with
good credit by sending their bills at different times. Other
credit card companies will offer great rewards, but have hidden
fees and high interest rates. It is always good to see a
company’s policy on late payment. Some companies will take
advantage of a late payment by raising interest rates
drastically and severely injuring your credit. Never be afraid
to read the fine print of any credit card agreement, because
you might find something that you don’t agree with.
Getting a new credit card can be scary. Credit is a big deal
because it dictates what you are able to borrow and do
financially. However, with careful planning and
decision-making, you will surely get a credit card that is
worth having.
About the Author: John Daley is very interested in financial
topics and gives advice on credit cards. Learn more at
http://www.creditcardlowdown.com .
Source: http://www.isnare.com
Monday, April 16, 2007
credit card processing company in USA
Credit Card Interest Charges - How They Are Determined
By Joseph Kenny
‘He who pays wrong, pays twice’ is a famous saying amongst lawyers. Relating this to credit cards drives home its meaning even more. After your card-swiping shopping spree, it is payback time for all credit card users. However, if the rates are not calculated properly, one may end up paying the wrong amount.
Before getting into any calculations, did you know there is a difference, or rather a similarity, between the interest charge and the interest rate? The interest charge would be based on the percentage of the balance, or in other words, the interest rate.
If that is confusing, let us use a small example to clarify this. Suppose you have a balance of $1000, if you multiply it with an interest rate of about 18 %, it would result in a total interest charge of $180 for the whole year. Since the balance varies from time to time, your interest charge will not be constant
There are several ways credit card interest charges are determined. Credit card companies should state the method of calculating your interest in the terms and conditions furnished. Even if it is an insignificant variation, the methods do make a difference to credit card users.
How to Determine Credit Card Interest Charge
The annual percentage is the primary key to comparing credit products. Since the interest is computed on a monthly basis, to calculate the credit card charges, the annual percentage rate needs to be decompounded.
The methods to calculate credit card charges differ in different countries. The following are the methods listed according to the USA Regulation:
Adjusted Balance
To get the interest charge, the balance at the end of the billing cycle is multiplied by a factor. One could either get a lower or higher interest rate, as the time value given by the bank is not taken into consideration.
Average Daily Balances
Here, the sum of the daily outstanding balance is divided by the number of days included in the cycle to give the balance for that particular period. The amount is multiplied by a constant factor to the interest charge. Both the resultant interests are the same as the interest rate charged at the close of each day. Considered the simplest of the four methods, this method produces an interest charge very close to the expected one.
Two cycle average daily balance
As its name suggests, two billing cycles are taken into consideration and added to get the balance: the first being the current billing cycle, and the second the preceding billing cycle.
Breaking it up into two more sub-groups, it can be split into balance including new purchases and that excluding new purchases. The former group being a double-whammy for the regular credit card users, because the customer pays for the given activity twice, as the method considers the previous and current months’ average daily balances. On the other hand, the second group is not suggested to those who do not pay their balances in full each month.
Previous Balance
This method favors the credit card company the most, as they base your monthly interest charge on the balance of the beginning or ending of the month. Similar to Adjusted Balance, this method could consequently result in a higher or lower interest rate than the one estimated. However, the part of the balance that is carried for more than two full cycles is charged at the rate expected.
Furthermore, be mindful that if there are multiple unrecognized charges on the bill, someone may have been accessing your number without your consent. This could prove risky in not only in calculating your interest charge, but will also burn a hole in your pocket.
Joe Kenny writes for CardGuide.co.uk, offering UK credit card comparison, visit them today for more best UK credit cards.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Card-Interest-Charges---How-They-Are-Determined&id=347315
By Joseph Kenny
‘He who pays wrong, pays twice’ is a famous saying amongst lawyers. Relating this to credit cards drives home its meaning even more. After your card-swiping shopping spree, it is payback time for all credit card users. However, if the rates are not calculated properly, one may end up paying the wrong amount.
Before getting into any calculations, did you know there is a difference, or rather a similarity, between the interest charge and the interest rate? The interest charge would be based on the percentage of the balance, or in other words, the interest rate.
If that is confusing, let us use a small example to clarify this. Suppose you have a balance of $1000, if you multiply it with an interest rate of about 18 %, it would result in a total interest charge of $180 for the whole year. Since the balance varies from time to time, your interest charge will not be constant
There are several ways credit card interest charges are determined. Credit card companies should state the method of calculating your interest in the terms and conditions furnished. Even if it is an insignificant variation, the methods do make a difference to credit card users.
How to Determine Credit Card Interest Charge
The annual percentage is the primary key to comparing credit products. Since the interest is computed on a monthly basis, to calculate the credit card charges, the annual percentage rate needs to be decompounded.
The methods to calculate credit card charges differ in different countries. The following are the methods listed according to the USA Regulation:
Adjusted Balance
To get the interest charge, the balance at the end of the billing cycle is multiplied by a factor. One could either get a lower or higher interest rate, as the time value given by the bank is not taken into consideration.
Average Daily Balances
Here, the sum of the daily outstanding balance is divided by the number of days included in the cycle to give the balance for that particular period. The amount is multiplied by a constant factor to the interest charge. Both the resultant interests are the same as the interest rate charged at the close of each day. Considered the simplest of the four methods, this method produces an interest charge very close to the expected one.
Two cycle average daily balance
As its name suggests, two billing cycles are taken into consideration and added to get the balance: the first being the current billing cycle, and the second the preceding billing cycle.
Breaking it up into two more sub-groups, it can be split into balance including new purchases and that excluding new purchases. The former group being a double-whammy for the regular credit card users, because the customer pays for the given activity twice, as the method considers the previous and current months’ average daily balances. On the other hand, the second group is not suggested to those who do not pay their balances in full each month.
Previous Balance
This method favors the credit card company the most, as they base your monthly interest charge on the balance of the beginning or ending of the month. Similar to Adjusted Balance, this method could consequently result in a higher or lower interest rate than the one estimated. However, the part of the balance that is carried for more than two full cycles is charged at the rate expected.
Furthermore, be mindful that if there are multiple unrecognized charges on the bill, someone may have been accessing your number without your consent. This could prove risky in not only in calculating your interest charge, but will also burn a hole in your pocket.
Joe Kenny writes for CardGuide.co.uk, offering UK credit card comparison, visit them today for more best UK credit cards.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Card-Interest-Charges---How-They-Are-Determined&id=347315
Saturday, April 14, 2007
credit card processing company in USA
Leading Credit Card Providers
By Jin Kim
There are hundreds of banks and financial organizations providing credit cards in the United States. American Express Co., Discover Financial Services, Citibank of America, Chase Bank and HSBC Bank are some of the prominent players in the business.
American Express Co., operating in over 130 countries around the globe, offers a number of credit cards to meet the different needs of various customers including common man, businessman and students. Some of the American Express credit cards currently available are: Blue from American Express, Blue Cash, Blue for Students, Blue Sky from American Express, Optima Platinum Card, Clear from American Express. The company also provides city-based credit cards like New York City Card, Chicago Card and Los Angeles Card. You can avail several benefits with these cards.
Blue from American Express has no annual fee and a competitive 0% APR for the first 15 months. It provides a grace period or free period up to 20 days. You can also apply for additional cards and you do not have to pay any fee. Besides, you can share all the benefits and services with the additional card holders. It is also suitable for balance transfer. It offers a low balance transfer fixed APR of 3.99% until you pay the balance in full. There are several other benefits you can get with this card.
Another big player in credit card market, Chase Bank offers a number of credit cards under different categories. It provides general purpose credit cards, rebate credit cards, retail cards, student cards, entertainment cards, travel cards, military cards, sports cards and business cards. Under general purpose cards, it has Chase Flexible Rewards Visa Cards, Chase Free Cash Rewards, Chase Platinum Master Card, Chase Platinum Visa Card, Chase Perfect Card and Chase Travel Plus. There are cash back offers, discounts in purchases with these cards.
With Chase Flexible Rewards Visa Cards, you can get incentives with every dollar you spend. You will get 1 point for every $1 you spend and when you collect 2,500 points you can redeem for your choice of travel, cash, and merchandise or gift certificates/gift cards. You do not have to pay any annual fee for this card. It charges 0% fixed APR for up to 12 months and after that you will be charged a variable APR of 13.99%.
Discover Financial Services, a business unit of Morgan Stanley, provides Discover credit cards. Under this card brand, you can avail Discover Classic Card, Discover Gold Card, Discover Platinum Card, Miles Card from Discover Card and an array of affinity cards. It has also special cards like Discover student cards and Discover credit cards.
With the Discover Platinum card, you will get cash reward with every purchase. It provides 5% cash back on purchases made at some select products and up to 1% cash back on all other purchases. Its APR is 0% for purchases until the last day of the billing period ending August 2007. Thereafter you will be charge the standard APR, an estimated rate between 11.24% and 18.24%. It offers 0% APR for balance transfers till the last day of the billing period. After that the standard APR for purchases is charged. In case of default, the APR will be between 16.24% and 28.99%. For cash advances, it charges 21.99% for Discover Gold Card, 20.99% for Discover Platinum Card, and 22.99% for Discover Classic Card.
Bank of America, one of the world's leading financial service companies for individuals, small businesses, commercial, corporate and institutional clients, offers credit cards for different categories of people beside the standard credit cards. It has a wide variety of low APR, 0% intro APR, airline mile and reward credit cards. There are other credit card providers like Capital One, MBNA Corporation, First USA Bank, Providian JCB International Credit Card Co., Juniper Bank, Cetelem, Orchard Bank, AirPlus International, Direct Merchants Bank, USA Paycard, RBC Royal Bank, First Premier Bank, etc.
CreditMe.com is a free online credit cards review and application website. We offer credit cards selection from visa, master cards, bank of America, orchard bank, discover, American express, citicards, visa credit cards, and many others. We have quite some categories and hundreds of credit cards selection to fit your need. Compare credit cards at CreditMe.com now.
Article Source: http://EzineArticles.com/?expert=Jin_Kim
http://EzineArticles.com/?Leading-Credit-Card-Providers&id=516632
By Jin Kim
There are hundreds of banks and financial organizations providing credit cards in the United States. American Express Co., Discover Financial Services, Citibank of America, Chase Bank and HSBC Bank are some of the prominent players in the business.
American Express Co., operating in over 130 countries around the globe, offers a number of credit cards to meet the different needs of various customers including common man, businessman and students. Some of the American Express credit cards currently available are: Blue from American Express, Blue Cash, Blue for Students, Blue Sky from American Express, Optima Platinum Card, Clear from American Express. The company also provides city-based credit cards like New York City Card, Chicago Card and Los Angeles Card. You can avail several benefits with these cards.
Blue from American Express has no annual fee and a competitive 0% APR for the first 15 months. It provides a grace period or free period up to 20 days. You can also apply for additional cards and you do not have to pay any fee. Besides, you can share all the benefits and services with the additional card holders. It is also suitable for balance transfer. It offers a low balance transfer fixed APR of 3.99% until you pay the balance in full. There are several other benefits you can get with this card.
Another big player in credit card market, Chase Bank offers a number of credit cards under different categories. It provides general purpose credit cards, rebate credit cards, retail cards, student cards, entertainment cards, travel cards, military cards, sports cards and business cards. Under general purpose cards, it has Chase Flexible Rewards Visa Cards, Chase Free Cash Rewards, Chase Platinum Master Card, Chase Platinum Visa Card, Chase Perfect Card and Chase Travel Plus. There are cash back offers, discounts in purchases with these cards.
With Chase Flexible Rewards Visa Cards, you can get incentives with every dollar you spend. You will get 1 point for every $1 you spend and when you collect 2,500 points you can redeem for your choice of travel, cash, and merchandise or gift certificates/gift cards. You do not have to pay any annual fee for this card. It charges 0% fixed APR for up to 12 months and after that you will be charged a variable APR of 13.99%.
Discover Financial Services, a business unit of Morgan Stanley, provides Discover credit cards. Under this card brand, you can avail Discover Classic Card, Discover Gold Card, Discover Platinum Card, Miles Card from Discover Card and an array of affinity cards. It has also special cards like Discover student cards and Discover credit cards.
With the Discover Platinum card, you will get cash reward with every purchase. It provides 5% cash back on purchases made at some select products and up to 1% cash back on all other purchases. Its APR is 0% for purchases until the last day of the billing period ending August 2007. Thereafter you will be charge the standard APR, an estimated rate between 11.24% and 18.24%. It offers 0% APR for balance transfers till the last day of the billing period. After that the standard APR for purchases is charged. In case of default, the APR will be between 16.24% and 28.99%. For cash advances, it charges 21.99% for Discover Gold Card, 20.99% for Discover Platinum Card, and 22.99% for Discover Classic Card.
Bank of America, one of the world's leading financial service companies for individuals, small businesses, commercial, corporate and institutional clients, offers credit cards for different categories of people beside the standard credit cards. It has a wide variety of low APR, 0% intro APR, airline mile and reward credit cards. There are other credit card providers like Capital One, MBNA Corporation, First USA Bank, Providian JCB International Credit Card Co., Juniper Bank, Cetelem, Orchard Bank, AirPlus International, Direct Merchants Bank, USA Paycard, RBC Royal Bank, First Premier Bank, etc.
CreditMe.com is a free online credit cards review and application website. We offer credit cards selection from visa, master cards, bank of America, orchard bank, discover, American express, citicards, visa credit cards, and many others. We have quite some categories and hundreds of credit cards selection to fit your need. Compare credit cards at CreditMe.com now.
Article Source: http://EzineArticles.com/?expert=Jin_Kim
http://EzineArticles.com/?Leading-Credit-Card-Providers&id=516632
Friday, April 13, 2007
credit card processing company in USA
How to Maximize Your Credit Card Rewards
By Joseph Kenny
Been sucked in to the lure of a “rewards” credit card only to get burned in the end by high interest rates and a less than stellar return when it came time to cash in those points? You’re not alone.
For credit card companies, acquiring customers is big business, and most cards today offer some kind of incentive for running up the charges on your plastic. If you’re not careful, and use your card at will just to collect a few measly points, you could get stung. But by following a few simple rules, you can turn the tables on the credit cards companies and use that “rewards” card to your advantage.
What to choose?
Most likely, your mailbox is full of pre-approved offers for new and exciting credit cards. In fact, in 2005 over 6 billion unsolicited credit card applications were mailed. The average person received approximately 72 offers. If you’re in the market for a new card, it’s important to weigh your options carefully. Most credit cards today offer some kind of rewards, but which one is right for you?
Take a look at your lifestyle and spending habits. Would you benefit from a points-based rewards card, an air mileage card, or one that offers cash back on purchases? Points-based cards usually give you one point for every dollar charged. When you accumulate enough, the credit card company will usually have a shopping portal set up, where you can redeem your points on a variety of products (e.g., electronics, gas cards, travel, etc.).
Problem is, most items in the catalogue are ludicrously overpriced, though it’s better than nothing. Air mileage cards offer great benefits to the frequent flier, but in today’s airline industry, who’s to say how much fees will be raised by the time you’re ready to redeem? With cash back cards, there’s most likely a set amount you’ll need to charge annually before you reap any benefits, so make sure you read the fine print before you sign up.
Take Advantage
Quite simply, offering incentive-laden cards are a way for credit card companies to get you to sign up. Rarely are the rewards worth the interest rates you’ll pay if you carry a monthly balance. But therein lies the rub—pay off your credit card every month and put those rewards to work. Here’s how: Charge as much as you can on your rewards card. We know, it goes against everything you were ever taught about using a credit card. Let us explain.
If your collectors allow it, charge every bill you have to your credit card instead of using a debit card or writing a check. Then, pay that balance off immediately to avoid incurring an interest fee. You’ll collect big rewards points fast, and it’ll be just like paying cash. Be disciplined about it though, even one month of letting those charges sit on your card can be a killer when the fee kicks in.
Another idea: instead of having separate credit card accounts for you and your spouse, ask for an increase in your credit limit and a companion card for one account. The more you both swipe the plastic, the quicker you’ll accumulate rewards points.
Off the beaten path
As rewards cards have become more prevalent, credit card companies have come up with new incentives to make their cards more desirable to consumers. Many cards have a system that provides extra rewards points to customers who shop with certain vendors. Some will even offer coupons where you can save big shopping with certain companies while still earning extra points. It might take a little more effort, but it will certainly rack up the rewards points at a vigorous pace.
Joe Kenny writes for the Card Guide, a UK based credit card comparison site, visit today for some balance transfers and clear your credit card debt today.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?How-to-Maximize-Your-Credit-Card-Rewards&id=322553
By Joseph Kenny
Been sucked in to the lure of a “rewards” credit card only to get burned in the end by high interest rates and a less than stellar return when it came time to cash in those points? You’re not alone.
For credit card companies, acquiring customers is big business, and most cards today offer some kind of incentive for running up the charges on your plastic. If you’re not careful, and use your card at will just to collect a few measly points, you could get stung. But by following a few simple rules, you can turn the tables on the credit cards companies and use that “rewards” card to your advantage.
What to choose?
Most likely, your mailbox is full of pre-approved offers for new and exciting credit cards. In fact, in 2005 over 6 billion unsolicited credit card applications were mailed. The average person received approximately 72 offers. If you’re in the market for a new card, it’s important to weigh your options carefully. Most credit cards today offer some kind of rewards, but which one is right for you?
Take a look at your lifestyle and spending habits. Would you benefit from a points-based rewards card, an air mileage card, or one that offers cash back on purchases? Points-based cards usually give you one point for every dollar charged. When you accumulate enough, the credit card company will usually have a shopping portal set up, where you can redeem your points on a variety of products (e.g., electronics, gas cards, travel, etc.).
Problem is, most items in the catalogue are ludicrously overpriced, though it’s better than nothing. Air mileage cards offer great benefits to the frequent flier, but in today’s airline industry, who’s to say how much fees will be raised by the time you’re ready to redeem? With cash back cards, there’s most likely a set amount you’ll need to charge annually before you reap any benefits, so make sure you read the fine print before you sign up.
Take Advantage
Quite simply, offering incentive-laden cards are a way for credit card companies to get you to sign up. Rarely are the rewards worth the interest rates you’ll pay if you carry a monthly balance. But therein lies the rub—pay off your credit card every month and put those rewards to work. Here’s how: Charge as much as you can on your rewards card. We know, it goes against everything you were ever taught about using a credit card. Let us explain.
If your collectors allow it, charge every bill you have to your credit card instead of using a debit card or writing a check. Then, pay that balance off immediately to avoid incurring an interest fee. You’ll collect big rewards points fast, and it’ll be just like paying cash. Be disciplined about it though, even one month of letting those charges sit on your card can be a killer when the fee kicks in.
Another idea: instead of having separate credit card accounts for you and your spouse, ask for an increase in your credit limit and a companion card for one account. The more you both swipe the plastic, the quicker you’ll accumulate rewards points.
Off the beaten path
As rewards cards have become more prevalent, credit card companies have come up with new incentives to make their cards more desirable to consumers. Many cards have a system that provides extra rewards points to customers who shop with certain vendors. Some will even offer coupons where you can save big shopping with certain companies while still earning extra points. It might take a little more effort, but it will certainly rack up the rewards points at a vigorous pace.
Joe Kenny writes for the Card Guide, a UK based credit card comparison site, visit today for some balance transfers and clear your credit card debt today.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?How-to-Maximize-Your-Credit-Card-Rewards&id=322553
Thursday, April 12, 2007
credit card processing company in USA
Credit Card Debts And How To Cope With Them
By Joseph Kenny
Credit cards may be convenient since it gives you the luxury to spend more than what you can actually afford, but they can also land you in serious financial problems if not used properly. The use of credit cards in America is increasing by the day, and unfortunately, many are struggling with debt caused due to over spending. As a responsible credit card user you must try to lead a financially sound life, and you can begin by getting rid of your credit card debts.
Never overextend the use of your credit card, as that will land you in a debt with high interest. Getting into credit card debt is very easy, but it may be very difficult to come out of it. Therefore, it is better to be cautious from the beginning, rather than finding yourself in a financial quandary.
Stop overspending
It is never too late to pull yourself out of the debt you are buried in it. The most important step is to curb your temptation to overspend. Try to limit your expenses as far as possible by keeping one or two credit cards at the most. More cards will mean more balance to pay off. This will quickly put you in a cycle of debt.
Do not use your credit card to buy a lifestyle that is unaffordable for you; instead, use cash to make your purchases. If you want to buy something that you cannot afford, then you need to save money until you collect the required amount.
In case of an emergency, you will have to use your credit card, of course, but make a strategy for payment of the balance before using the credit card. To do this, you need to make a budget and see that you use your credit card according to the budget. If you find your expenditure going out of budget, then it is advisable to stop using the credit card.
Cover your balance
Making minimum payments for your credit card bills each month may seem to be convenient, but the truth is that you are pulling yourself into a never-ending debt trap. When you use your credit card try and make full payment for the balance that is created, keeping a check on its use until you actually pay off the balance. So pay the whole amount and that too on time in order to avoid late fees. If you maintain a good credit record you may even get certain considerations from your card issuer.
Avoid special services: As a credit card holder you may get tempted to get hold of various special services like travel clubs and life insurance offered by your credit card company, but be advised not to get into this trap, because even though they may seem alluring they are just added expense for you and add to your debt-burden.
Never use your credit card to pay your loan or advance, because if you are unable to pay off the balance, it will become a high interest loan for you. So you should use your ATM card or go to the bank.
In order to make the most of your credit card you must learn to use it wisely. Remember that staying out of debt is not difficult. All you need to do is to keep a check on how and when you use your credit card.
Joe Kenny writes for the Card Guide, a UK credit card site, visit today for a 0% balance transfer credit cards and start clearing credit card debt today.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Card-Debts-And-How-To-Cope-With-Them&id=333817
By Joseph Kenny
Credit cards may be convenient since it gives you the luxury to spend more than what you can actually afford, but they can also land you in serious financial problems if not used properly. The use of credit cards in America is increasing by the day, and unfortunately, many are struggling with debt caused due to over spending. As a responsible credit card user you must try to lead a financially sound life, and you can begin by getting rid of your credit card debts.
Never overextend the use of your credit card, as that will land you in a debt with high interest. Getting into credit card debt is very easy, but it may be very difficult to come out of it. Therefore, it is better to be cautious from the beginning, rather than finding yourself in a financial quandary.
Stop overspending
It is never too late to pull yourself out of the debt you are buried in it. The most important step is to curb your temptation to overspend. Try to limit your expenses as far as possible by keeping one or two credit cards at the most. More cards will mean more balance to pay off. This will quickly put you in a cycle of debt.
Do not use your credit card to buy a lifestyle that is unaffordable for you; instead, use cash to make your purchases. If you want to buy something that you cannot afford, then you need to save money until you collect the required amount.
In case of an emergency, you will have to use your credit card, of course, but make a strategy for payment of the balance before using the credit card. To do this, you need to make a budget and see that you use your credit card according to the budget. If you find your expenditure going out of budget, then it is advisable to stop using the credit card.
Cover your balance
Making minimum payments for your credit card bills each month may seem to be convenient, but the truth is that you are pulling yourself into a never-ending debt trap. When you use your credit card try and make full payment for the balance that is created, keeping a check on its use until you actually pay off the balance. So pay the whole amount and that too on time in order to avoid late fees. If you maintain a good credit record you may even get certain considerations from your card issuer.
Avoid special services: As a credit card holder you may get tempted to get hold of various special services like travel clubs and life insurance offered by your credit card company, but be advised not to get into this trap, because even though they may seem alluring they are just added expense for you and add to your debt-burden.
Never use your credit card to pay your loan or advance, because if you are unable to pay off the balance, it will become a high interest loan for you. So you should use your ATM card or go to the bank.
In order to make the most of your credit card you must learn to use it wisely. Remember that staying out of debt is not difficult. All you need to do is to keep a check on how and when you use your credit card.
Joe Kenny writes for the Card Guide, a UK credit card site, visit today for a 0% balance transfer credit cards and start clearing credit card debt today.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Card-Debts-And-How-To-Cope-With-Them&id=333817
Wednesday, April 11, 2007
credit card processing company in USA
Airmiles Credit Cards - Just Another Reward Scheme?
By Joseph Kenny
There are many incentives for taking out a new credit card. Long term low interest rates are attractive. So too are 0% balance transfer and purchase rates, but these only last a short time. However, there are other rewards that last for the life of the credit card and that are attractive to most credit card purchasers. One of these is the air miles scheme.
What Are Air Miles?
The Air Miles scheme is a loyalty scheme that allows customers to collect points for everyday purchases from a number of high street and online retailers. Points can also be collected on travel, hotel bookings, currency exchange and travel insurance. Air Miles can be spent on travel to different destinations. Different points totals are needed for different destinations, depending on the distance from the starting point, the time of year and what deals are available. For example, going to Paris requires about 400 air miles, while travelling to Sydney requires about 4,000.
How Can I Earn Air Miles With My Credit Card?
Earning air miles with a credit card is very simple. First of all, sign up for a credit card that offers air miles as a reward. There are several of these offered by different credit card companies. Credit card companies that offer air miles credit cards include Nat West, Royal Bank of Scotland, Cooperative Bank, Morgan Stanley and American Express. Some credit card companies offer their own air miles schemes, such as the one done in conjunction with British Airways.
Some credit card companies require you to sign up separately with the air miles scheme. The advantage of this is that you can earn air miles with other retailers even if you are using a different credit card. Once you've signed up, all you have to do is spend as usual to earn air miles.
Additional Travel Rewards
Many of the credit card companies that offer air miles also offer other travel related rewards. These include travel insurance and other rewards to be applied to travel. Some companies do not offer an air miles scheme, but offer an equivalent travel points scheme. This works on a similar basis to the air miles scheme.
Are There Other Incentives For My Air Miles Credit Card?
Since many air miles credit cards are issued by banks that issue other credit cards, the same advantages may apply to new card holders. Some air miles cards offer 0% on balance transfers and purchases for up to nine months. Others offer a low rate of interest on transferred balances for the life of the balance transfer. These offers will appeal to people who want to earn travel incentives and clear debt at the same time.
It's worth paying attention to the interest rate on the credit card. Some credit cards offer competitive interest rates which will appeal to most credit card users. However, others have high interest rates and some have balance transfer fees. Balance transfer fees are fees charged by credit card companies when people transfer balances to take advantage of preferential rates. The balance transfer fee makes credit card jumping less attractive and helps credit card companies to make some of the interest they would otherwise have lost. There are still credit cards without a balance transfer fee, so it's worth shopping around for these.
Joe Kenny writes for CardGuide.co.uk, with the latest 0% balance transfers, and more credit info in the credit card guide.
Visit today: www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Airmiles-Credit-Cards---Just-Another-Reward-Scheme?&id=299167
By Joseph Kenny
There are many incentives for taking out a new credit card. Long term low interest rates are attractive. So too are 0% balance transfer and purchase rates, but these only last a short time. However, there are other rewards that last for the life of the credit card and that are attractive to most credit card purchasers. One of these is the air miles scheme.
What Are Air Miles?
The Air Miles scheme is a loyalty scheme that allows customers to collect points for everyday purchases from a number of high street and online retailers. Points can also be collected on travel, hotel bookings, currency exchange and travel insurance. Air Miles can be spent on travel to different destinations. Different points totals are needed for different destinations, depending on the distance from the starting point, the time of year and what deals are available. For example, going to Paris requires about 400 air miles, while travelling to Sydney requires about 4,000.
How Can I Earn Air Miles With My Credit Card?
Earning air miles with a credit card is very simple. First of all, sign up for a credit card that offers air miles as a reward. There are several of these offered by different credit card companies. Credit card companies that offer air miles credit cards include Nat West, Royal Bank of Scotland, Cooperative Bank, Morgan Stanley and American Express. Some credit card companies offer their own air miles schemes, such as the one done in conjunction with British Airways.
Some credit card companies require you to sign up separately with the air miles scheme. The advantage of this is that you can earn air miles with other retailers even if you are using a different credit card. Once you've signed up, all you have to do is spend as usual to earn air miles.
Additional Travel Rewards
Many of the credit card companies that offer air miles also offer other travel related rewards. These include travel insurance and other rewards to be applied to travel. Some companies do not offer an air miles scheme, but offer an equivalent travel points scheme. This works on a similar basis to the air miles scheme.
Are There Other Incentives For My Air Miles Credit Card?
Since many air miles credit cards are issued by banks that issue other credit cards, the same advantages may apply to new card holders. Some air miles cards offer 0% on balance transfers and purchases for up to nine months. Others offer a low rate of interest on transferred balances for the life of the balance transfer. These offers will appeal to people who want to earn travel incentives and clear debt at the same time.
It's worth paying attention to the interest rate on the credit card. Some credit cards offer competitive interest rates which will appeal to most credit card users. However, others have high interest rates and some have balance transfer fees. Balance transfer fees are fees charged by credit card companies when people transfer balances to take advantage of preferential rates. The balance transfer fee makes credit card jumping less attractive and helps credit card companies to make some of the interest they would otherwise have lost. There are still credit cards without a balance transfer fee, so it's worth shopping around for these.
Joe Kenny writes for CardGuide.co.uk, with the latest 0% balance transfers, and more credit info in the credit card guide.
Visit today: www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Airmiles-Credit-Cards---Just-Another-Reward-Scheme?&id=299167
Tuesday, April 10, 2007
credit card processing company in USA
Credit Card Late Fees - How to Avoid Them
By Joseph Kenny
Credit cards have become a common means of paying bills. It is very convenient because you need not make any cash payments from your pocket. Though credit cards are easy to use, they come with a fee that is charged by the credit card company. It is advisable to pay credit card fees on time because being late will cost you a lot of money.
Many credit card companies charge a penalty for late fees, so it is advisable to pay up in time, to avoid the penalty. The average late fee for credit card used to be 12 dollars in 1994; by 2004, it rose to 32.65 dollars. It has now gone up to a whopping 39-40 dollars. Hence, it is prudent not to delay your payment.
You can stay away from late fees by various methods.
1. The best way to avoid late fees is to be fully aware of all the conditions and restrictions related to your credit card company. You can get the information of the guidelines on the back of the credit card bill that your company sends you. Try to make use of the specified instructions of payment in order to ensure that your money reaches them on time, without any problem.
2. Having a good record can always help. As a responsible credit card user, you must try to maintain a good record of your payments because many companies that issue credit cards make considerations on the late fees if you have a good payment record. They do this as a special courtesy for their responsible customers.
3. If you forget to pay your credit card fees, and the due date is already upon you, you can avoid the late fees by paying via the telephone, instead of using the mail. To enable this, there is a toll free number on the back of every credit card. In order to make payment you need a check number and a bank routing number. You can find these numbers at the bottom of every check. Once you make the payment you should tear off that check, as you cannot use it again. Some credit card companies keep this facility free of cost for their customers while others charge about 5 to 20 dollars. Make it a point to ask your credit card company about this facility.
4. In case your company does not offer you the facility to pay your bills by phone, then you can always use express mail for payments. Although using the express method may cost you extra money, it will be less than the late fee that your issuer may impose on you. Besides, it will help you send your money to the company as soon as possible.
5. Try paying online. Many companies accept payment through the Internet. This method can prove to be very useful if you are traveling.
6. If you do not have the required cash to pay your bills and the due date is approaching, then you can talk to your credit card company and set your own due date for payment. Set the due date at a time when your salary arrives. Hence, enabling you to pay your bills without late fees.
Therefore, in order to keep your credit card use hassle-free, remember to make your payments on time and in the right manner specified by your credit card issuer. Try and stay out of the late-payment cycle to avoid the extra cost in the form of late fees.
Joe Kenny writes for CardGuide.co.uk, offering UK credit card comparison, visit them today for more best buy credit cards.
Visit today: www.cardguide.co.uk
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Card-Late-Fees---How-to-Avoid-Them&id=346522
By Joseph Kenny
Credit cards have become a common means of paying bills. It is very convenient because you need not make any cash payments from your pocket. Though credit cards are easy to use, they come with a fee that is charged by the credit card company. It is advisable to pay credit card fees on time because being late will cost you a lot of money.
Many credit card companies charge a penalty for late fees, so it is advisable to pay up in time, to avoid the penalty. The average late fee for credit card used to be 12 dollars in 1994; by 2004, it rose to 32.65 dollars. It has now gone up to a whopping 39-40 dollars. Hence, it is prudent not to delay your payment.
You can stay away from late fees by various methods.
1. The best way to avoid late fees is to be fully aware of all the conditions and restrictions related to your credit card company. You can get the information of the guidelines on the back of the credit card bill that your company sends you. Try to make use of the specified instructions of payment in order to ensure that your money reaches them on time, without any problem.
2. Having a good record can always help. As a responsible credit card user, you must try to maintain a good record of your payments because many companies that issue credit cards make considerations on the late fees if you have a good payment record. They do this as a special courtesy for their responsible customers.
3. If you forget to pay your credit card fees, and the due date is already upon you, you can avoid the late fees by paying via the telephone, instead of using the mail. To enable this, there is a toll free number on the back of every credit card. In order to make payment you need a check number and a bank routing number. You can find these numbers at the bottom of every check. Once you make the payment you should tear off that check, as you cannot use it again. Some credit card companies keep this facility free of cost for their customers while others charge about 5 to 20 dollars. Make it a point to ask your credit card company about this facility.
4. In case your company does not offer you the facility to pay your bills by phone, then you can always use express mail for payments. Although using the express method may cost you extra money, it will be less than the late fee that your issuer may impose on you. Besides, it will help you send your money to the company as soon as possible.
5. Try paying online. Many companies accept payment through the Internet. This method can prove to be very useful if you are traveling.
6. If you do not have the required cash to pay your bills and the due date is approaching, then you can talk to your credit card company and set your own due date for payment. Set the due date at a time when your salary arrives. Hence, enabling you to pay your bills without late fees.
Therefore, in order to keep your credit card use hassle-free, remember to make your payments on time and in the right manner specified by your credit card issuer. Try and stay out of the late-payment cycle to avoid the extra cost in the form of late fees.
Joe Kenny writes for CardGuide.co.uk, offering UK credit card comparison, visit them today for more best buy credit cards.
Visit today: www.cardguide.co.uk
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Card-Late-Fees---How-to-Avoid-Them&id=346522
Monday, April 9, 2007
credit card processing company in USA
Leading Credit Card Providers
By Jin Kim
There are hundreds of banks and financial organizations providing credit cards in the United States. American Express Co., Discover Financial Services, Citibank of America, Chase Bank and HSBC Bank are some of the prominent players in the business.
American Express Co., operating in over 130 countries around the globe, offers a number of credit cards to meet the different needs of various customers including common man, businessman and students. Some of the American Express credit cards currently available are: Blue from American Express, Blue Cash, Blue for Students, Blue Sky from American Express, Optima Platinum Card, Clear from American Express. The company also provides city-based credit cards like New York City Card, Chicago Card and Los Angeles Card. You can avail several benefits with these cards.
Blue from American Express has no annual fee and a competitive 0% APR for the first 15 months. It provides a grace period or free period up to 20 days. You can also apply for additional cards and you do not have to pay any fee. Besides, you can share all the benefits and services with the additional card holders. It is also suitable for balance transfer. It offers a low balance transfer fixed APR of 3.99% until you pay the balance in full. There are several other benefits you can get with this card.
Another big player in credit card market, Chase Bank offers a number of credit cards under different categories. It provides general purpose credit cards, rebate credit cards, retail cards, student cards, entertainment cards, travel cards, military cards, sports cards and business cards. Under general purpose cards, it has Chase Flexible Rewards Visa Cards, Chase Free Cash Rewards, Chase Platinum Master Card, Chase Platinum Visa Card, Chase Perfect Card and Chase Travel Plus. There are cash back offers, discounts in purchases with these cards.
With Chase Flexible Rewards Visa Cards, you can get incentives with every dollar you spend. You will get 1 point for every $1 you spend and when you collect 2,500 points you can redeem for your choice of travel, cash, and merchandise or gift certificates/gift cards. You do not have to pay any annual fee for this card. It charges 0% fixed APR for up to 12 months and after that you will be charged a variable APR of 13.99%.
Discover Financial Services, a business unit of Morgan Stanley, provides Discover credit cards. Under this card brand, you can avail Discover Classic Card, Discover Gold Card, Discover Platinum Card, Miles Card from Discover Card and an array of affinity cards. It has also special cards like Discover student cards and Discover credit cards.
With the Discover Platinum card, you will get cash reward with every purchase. It provides 5% cash back on purchases made at some select products and up to 1% cash back on all other purchases. Its APR is 0% for purchases until the last day of the billing period ending August 2007. Thereafter you will be charge the standard APR, an estimated rate between 11.24% and 18.24%. It offers 0% APR for balance transfers till the last day of the billing period. After that the standard APR for purchases is charged. In case of default, the APR will be between 16.24% and 28.99%. For cash advances, it charges 21.99% for Discover Gold Card, 20.99% for Discover Platinum Card, and 22.99% for Discover Classic Card.
Bank of America, one of the world's leading financial service companies for individuals, small businesses, commercial, corporate and institutional clients, offers credit cards for different categories of people beside the standard credit cards. It has a wide variety of low APR, 0% intro APR, airline mile and reward credit cards. There are other credit card providers like Capital One, MBNA Corporation, First USA Bank, Providian JCB International Credit Card Co., Juniper Bank, Cetelem, Orchard Bank, AirPlus International, Direct Merchants Bank, USA Paycard, RBC Royal Bank, First Premier Bank, etc.
CreditMe.com is a free online credit cards review and application website. We offer credit cards selection from visa, master cards, bank of America, orchard bank, discover, American express, citicards, visa credit cards, and many others. We have quite some categories and hundreds of credit cards selection to fit your need. Compare credit cards at CreditMe.com now.
Article Source: http://EzineArticles.com/?expert=Jin_Kim
http://EzineArticles.com/?Leading-Credit-Card-Providers&id=516632
By Jin Kim
There are hundreds of banks and financial organizations providing credit cards in the United States. American Express Co., Discover Financial Services, Citibank of America, Chase Bank and HSBC Bank are some of the prominent players in the business.
American Express Co., operating in over 130 countries around the globe, offers a number of credit cards to meet the different needs of various customers including common man, businessman and students. Some of the American Express credit cards currently available are: Blue from American Express, Blue Cash, Blue for Students, Blue Sky from American Express, Optima Platinum Card, Clear from American Express. The company also provides city-based credit cards like New York City Card, Chicago Card and Los Angeles Card. You can avail several benefits with these cards.
Blue from American Express has no annual fee and a competitive 0% APR for the first 15 months. It provides a grace period or free period up to 20 days. You can also apply for additional cards and you do not have to pay any fee. Besides, you can share all the benefits and services with the additional card holders. It is also suitable for balance transfer. It offers a low balance transfer fixed APR of 3.99% until you pay the balance in full. There are several other benefits you can get with this card.
Another big player in credit card market, Chase Bank offers a number of credit cards under different categories. It provides general purpose credit cards, rebate credit cards, retail cards, student cards, entertainment cards, travel cards, military cards, sports cards and business cards. Under general purpose cards, it has Chase Flexible Rewards Visa Cards, Chase Free Cash Rewards, Chase Platinum Master Card, Chase Platinum Visa Card, Chase Perfect Card and Chase Travel Plus. There are cash back offers, discounts in purchases with these cards.
With Chase Flexible Rewards Visa Cards, you can get incentives with every dollar you spend. You will get 1 point for every $1 you spend and when you collect 2,500 points you can redeem for your choice of travel, cash, and merchandise or gift certificates/gift cards. You do not have to pay any annual fee for this card. It charges 0% fixed APR for up to 12 months and after that you will be charged a variable APR of 13.99%.
Discover Financial Services, a business unit of Morgan Stanley, provides Discover credit cards. Under this card brand, you can avail Discover Classic Card, Discover Gold Card, Discover Platinum Card, Miles Card from Discover Card and an array of affinity cards. It has also special cards like Discover student cards and Discover credit cards.
With the Discover Platinum card, you will get cash reward with every purchase. It provides 5% cash back on purchases made at some select products and up to 1% cash back on all other purchases. Its APR is 0% for purchases until the last day of the billing period ending August 2007. Thereafter you will be charge the standard APR, an estimated rate between 11.24% and 18.24%. It offers 0% APR for balance transfers till the last day of the billing period. After that the standard APR for purchases is charged. In case of default, the APR will be between 16.24% and 28.99%. For cash advances, it charges 21.99% for Discover Gold Card, 20.99% for Discover Platinum Card, and 22.99% for Discover Classic Card.
Bank of America, one of the world's leading financial service companies for individuals, small businesses, commercial, corporate and institutional clients, offers credit cards for different categories of people beside the standard credit cards. It has a wide variety of low APR, 0% intro APR, airline mile and reward credit cards. There are other credit card providers like Capital One, MBNA Corporation, First USA Bank, Providian JCB International Credit Card Co., Juniper Bank, Cetelem, Orchard Bank, AirPlus International, Direct Merchants Bank, USA Paycard, RBC Royal Bank, First Premier Bank, etc.
CreditMe.com is a free online credit cards review and application website. We offer credit cards selection from visa, master cards, bank of America, orchard bank, discover, American express, citicards, visa credit cards, and many others. We have quite some categories and hundreds of credit cards selection to fit your need. Compare credit cards at CreditMe.com now.
Article Source: http://EzineArticles.com/?expert=Jin_Kim
http://EzineArticles.com/?Leading-Credit-Card-Providers&id=516632
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