The turbulent global economy is leading to a trend of rising interest rates and lower credit limits, which is bad for cardholders and in some cases good for credit card companies. Even cardholders who have made all of their credit card repayments on time and in full have experienced raised interest rates in the past two years. However, there are many credit card companies that have been taking losses as well, and many retail chains have decided to stop providing store credit cards.
The Dangers of Universal Default
This economic uncertainty has led many banks and credit card companies to participate in the universal default policy, which makes it very easy for every credit card company to raise interest rates after a single late payment or payment default.
Full article…
Every store, big, medium or small in enterprise accepts credit cards. Even though many financial advisors warn that the credit card encourages over spending, people continue to prefer using a credit card to shopping with cash even departmental stores and supermarkets encourage the use of credit cards. To use the credit card to maximum benefit, one must understand how a credit card works. Given that there are several types of credit cards in the market today, it is quite a task understanding how one differs from the other in function, benefits and general utility.
The process begins with obtaining a credit card account.
Full article…
It is not surprising to see people bending over backwards to apply for the rewards credit cards. They are lured towards them with the promises of air miles and cash back offers being made. In this process, they fail to realize that these are just small freebies being given away by credit card lenders who end up making millions of dollars. There is more to it than meets the eye when it comes to rewards credit cards. There are some underlying truths that each of us should know before we make this choice.
First of all, the credit cards that carry seemingly irresistible rewards come with expensive price tags.
Full article…
The railway ministry has come up with a customer friendly move by deciding to accept credit cards of customers bearing their laminated photographs as their proof of identity for travel using e-tickets.
This concept has come into effect from 6th of August 2010.
Full article…
Are you looking for a new MasterCard? Do you want generous rewards, a low introductory APR and, of course, no annual fee? CreditShout.com has recommendations for the best MasterCard credit cards available now.
Chase Freedom
One of the best MasterCards available today — and possibly the best MasterCard available for people with excellent credit — is the Chase Freedom(SM) card.
Rewards: Chase is offering 5% cash back in rotating categories where most people spend money. You
Full article…
— Dustin Wright @ 4:31 am — 
September 2, 2010