It is an interesting point to note that the term ‘credit card’ was first used in a novel – a novel structured around utopia. Looking Backward is a novel of great literary importance. Written by American Novelist, Edward Bellamy, in 1887, the novel tells the story of a young man born in late 19th century America, who falls asleep and wakes up a hundred and thirty years later to find his world completely changed. Like any other novel attempting to define the world in futuristic terms, this novel also lays claims to many erstwhile unheard of concepts. One such was the Credit card.
After finding mention in the novel, the first credit card first came into being in the 1920s. The e
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One cannot undervalue the importance of a Credit History. Since Banks discovered the worth of this recording system, it has become the most crucial determinant of every transaction that a customer has with his or her bank. The Concept of a credit History is therefore a very integral part on modern day banking.
The most popular query that customers have is how far a good credit history can take you. The credit History is a sum total of a person’s entire financial transactions, across banks and other financial agencies. A person’s credit history can be obtained from the place of their last finance related transaction.
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Identity theft and credit card security breaches have increased these past few months, with the latest developments including the attacks on hotel branches in America and the ZeuS Trojan malware phishing scams over the internet. Because these kinds of crimes affect more than a thousand people every year, it is best for you not be unlucky enough to be one of them. Here are a few ways to prevent being a victim of identity theft:
Avoid Phishing Scams
As mentioned earlier, the latest of these phishing scams include the ZeuS Trojan malware which used fake “Verifies by Visa” and “MsterCard SecureCode Security” enrolment programs to trick customers into giving out their credit and financial information. These s
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Another complaint of ATM fraud has been made by three more victims to the cyber crime investigation cell (CCIC) of UT police.
The three victims claimt of money being withdrawn from their accounts. They got to know of this through their mini statements.
In another case, Rs 1.11 lakh was taken out from the accounts of three other customers using cloned ATM cards. All the cases have occured with SBI customers.
Indirect or direct role of bank employees in this scam is also being considered.
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The credit card market is highly competitive, and options are available for almost everyone. But for those people who haven’t yet earned a sound financial reputation, those options are more limited. Credit card applicants without an established credit rating may be subjected to exorbitant fees and higher interest rates. But everyone has to start somewhere, and having a credit card, even one that’s not the best, and making responsible payments is an excellent way to build good credit. The following information can help anyone select their first credit card.
Secured Credit Cards
The easiest way to earn a credit history and rating is to apply for a secured credit card. Secu
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— Dustin Wright @ 1:30 am — 
August 25, 2010