Tag Archives: Credit Card

Credit Card Tips: Ways to Manage Debt Under New 2010 Regulations

April 30, 2010   Daniel Murphy   No comments

Now that new credit card regulations are in place, card companies have become more transparent about explaining to consumers the mechanics of credit card use. The new laws that went into effect in February of 2010 were passed to help protect consumers from being overcharged on their credit cards, having their payments credited too late, or being forced to pay extra steep interest rates on their card balances.

 

The new credit card laws require, for example, that card issuers apply payments made by cardholders differently than they used to. So rather than the card companies charging higher interest over a longer period of time the money paid on a credit card can be applied sooner toward debt reduction.

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  Tags: Credit Card, New

Credit Card Companies Gearing Up For Change

April 27, 2010   Daniel Murphy   No comments

As the credit card act goes into effect, cardholders will want to pay close attention to the kind of card or cards they carry and how they might be affected by these new changes. Depending on what you have in your wallet, you might find yourself paying more, or in some cases, less. Either way, the new laws might affect you and you will certainly want to know about it. Some parts of the credit card act will make it more difficult to obtain certain kinds of credit cards, however, this could be a good thing. Credit card companies will no longer be able to extend credit haphazardly, and those who can’t afford the credit card won’t find themselves in the deep debt they knew they could not handle in the first place.

Student Credit Cards

Kiss those sign-up tables with enticing free perks goodbye! App

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  Tags: Change, Credit Card

Some Facts about Credit Card Processing

March 26, 2010   admin   No comments

Credit card processing allows an Internet company for wide latitude in accommodating a wider range of potential customers. Credit card processing, in fact, should be one of the main considerations in building a business online.

The reason why credit card processing is used

In addition to the latitude above accommodate credit card payments from customers, credit card processing would also organize your business in a well-oiled machine. With this service you might be able to automate the operation of your business when it comes to accepting payments.

In addition, by including credit card processing services in your business, you should be able to do practical things for your potential customers. Read the full post

  Tags: Credit Card, Credit Card Processing

Higher Education Passing on Credit Card Fees

July 27, 2009   admin   No comments

With students increasingly turning to plastic to pay rising college costs, public and private colleges and universities across the country are passing on the cost of using credit to their students. Tuition being paid with plastic will now incur a fee of up to 2.75%. In the spring of 2009, Northwestern University began accepting credit cards to cover undergraduate tuition and tacked on the 2.75% fee. The University of Illinois and Harper College in Rolling Meadows, IL, also charge a fee to students paying with credit cards.

Universally accepted at businesses around the globe at no additional cost, credit cards have been one way students make ends meet.

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  Tags: Credit, Credit Card

Secrets To Get Low Interest Rate Credit Card From Current Provider

July 24, 2009   admin   No comments

You probably have heard many times that to get the best credit card, you need to do intensive research. It could be done online or offline. However, the thing is that you should not settle for one prospect provider or accept what seems to be an attractive offer. By taking time to do research, you will save regrets after seeing that there are more favourable offer compared to what you accepted.

One of the primary considerations in choosing credit card is its low interest rate. It could be an introductory offer or it could be a seasonal offer. If you accept the offer taking into account other benefits of the card, then you need to stick to it as card hopping from one provider to another may ruin your credit score.

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  Tags: Card, Credit Card

Credit card companies rule out non profit customers

July 21, 2009   admin   No comments

According to credit card news today, credit card companies are turning on customers who dont turn a profit. Good quality customers who use credit cards responsibly may be being targeted by credit card companies using personal data.

According to comparison sites, a number of borrowers with exemplary credit ratings and high incomes are being turned down by card companies this year. The news follows a shift in data sharing legislation, with companies now able to exchange personal data about their customers.

This data should be used purely to lower debt risks for individuals, and not for commercial reasons. However, consumer groups believe that this is not the case. Read the full post

  Tags: Card Companies, Credit Card, Credit Card Companies, Customers
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