Some people view credit cards suspiciously, as if these pieces of plastic can magically destroy their finances without their consent. The truth is, however, credit cards are only dangerous if you don't know how to use them properly. Read on to learn how to protect your credit if you are using credit cards.
Learn how to manage your credit card online. Most credit card companies now have online resources where you can oversee your daily credit actions. These resources give you more power than you have ever had before over your credit, including, knowing very quickly, whether your identity has been compromised.
Try your best to use a prepaid credit card when you are making online transactions. This will help so that you do not have to worry about any thieves accessing your real credit card information. It will be much easier to bounce back if you are scammed in this type of situation.
Be careful to stay away from actions that cause fees on your credit cards! Fees for missed or late payments, for instance, can be as high as $35 or more! This can also lead to your credit card company increasing your interest rate. Know what triggers can cause these fees by reading the fine print on any card you use.
When using your credit card online, only use it at an address that begins with https:\\. The "s" indicates that this is a secure connection that will encrypt your credit card information and keep it safe. If you use your card elsewhere, hackers could get hold of your information and use it for fraudulent activity.
Do not think that just because you paid your credit card account off in full that the account is closed. The account will not be closed until you contact the credit card company and request it to be closed. This should be done in writing. The company should confirm the closure within fifteen days.
If you are going to make purchases over the Internet you need to make all of them with the same credit card. You do not want to use all of your cards to make online purchases because that will increase the chances of you becoming a victim of credit card fraud.
Upon finding out that you have lost your credit card, or that it becomes stolen, alert your credit card company immediately. Your card provider can use anti theft techniques, such as locking your account, to prevent anyone else from using your card to buy items and rack up unwanted charges.
Credit cards are often essential for young people or couples. Even if you don't feel comfortable holding a large amount of credit, it is important to actually have a credit account and have some activity running through it. Opening and using a credit account helps you to build your credit score.
As you can see, credit cards don't have any special power to harm your finances, and in fact, using them appropriately can help your credit score. After reading this article, you should have a better idea of how to use credit cards appropriately. If you need a refresher, reread this article to remind yourself of the good credit card habits that you want to develop.
Minggu, 20 Mei 2012
Smart Credit Card Tips You Need To Know
Do you use a credit card? Do you know how much credit you have total? Do you know how much additional credit you have available to you? If you are unable to answer these second two questions, then you are probably not using credit responsibly, and it is time to learn more!
If you are hit with a credit card fee that is unavoidable, perhaps due to an emergency situation, call your credit card company. Sometimes they will waive these fees for certain users. The key is to only ask if you are a person who always pays their bill on time and only needs a one time exception, otherwise your request will be turned down.
Do not use your credit cards to make emergency purchases. Many people believe that this is the best use of credit cards, but the best use is actually for things that you purchase on a regular basis, like groceries. The key is, to only charge things that you will be able to pay back in a timely manner.
If you cannot pay your credit card bill in a timely manner, then you should consult your credit card provider. Even though you may not think so, your provider may be willing to work with you to make sure that you are able to pay the bill. They can offer options, such as reducing the amount you pay each month.
Do not lend your credit card to anyone. Credit cards are as valuable as cash, and lending them out can get you into trouble. If you lend them out, the person might overspend, making you responsible for a large bill at the end of the month. Even if the person is worthy of your trust, it is better to keep your credit cards to yourself.
Want a credit card that gives you frequent flyer miles or cash back? Many people are a sucker for the frequent flyer miles, and that is a good program. Some companies offer both. If you have to make a decision, go with the cash back option. It is a much more lucrative deal, and it will benefit you much more as a whole.
Sign up for alerts from your credit card company. Most companies offer them and they can be conveniently sent via email or text. These alerts let you know when you are nearing your credit card limit, when you are close to the due date for your payment or even, when suspected fraudulent activities have occurred. They can really help you to manage your credit effectively.
Do not accept the first credit card offer that you receive, regardless of how good it sounds. While you may be tempted to jump on an offer, you do not want to take any chances that you will end up signing up for a card and then, seeing a better deal shortly after from another company.
Now, you should be better prepared to use a consumer credit card in the proper way. When used correctly, credit cards can be a great way to simplify your life, however, when you are irresponsible with credit cards, then they can quickly get out of hand and make your life very complicated.
If you are hit with a credit card fee that is unavoidable, perhaps due to an emergency situation, call your credit card company. Sometimes they will waive these fees for certain users. The key is to only ask if you are a person who always pays their bill on time and only needs a one time exception, otherwise your request will be turned down.
Do not use your credit cards to make emergency purchases. Many people believe that this is the best use of credit cards, but the best use is actually for things that you purchase on a regular basis, like groceries. The key is, to only charge things that you will be able to pay back in a timely manner.
If you cannot pay your credit card bill in a timely manner, then you should consult your credit card provider. Even though you may not think so, your provider may be willing to work with you to make sure that you are able to pay the bill. They can offer options, such as reducing the amount you pay each month.
Do not lend your credit card to anyone. Credit cards are as valuable as cash, and lending them out can get you into trouble. If you lend them out, the person might overspend, making you responsible for a large bill at the end of the month. Even if the person is worthy of your trust, it is better to keep your credit cards to yourself.
Want a credit card that gives you frequent flyer miles or cash back? Many people are a sucker for the frequent flyer miles, and that is a good program. Some companies offer both. If you have to make a decision, go with the cash back option. It is a much more lucrative deal, and it will benefit you much more as a whole.
Sign up for alerts from your credit card company. Most companies offer them and they can be conveniently sent via email or text. These alerts let you know when you are nearing your credit card limit, when you are close to the due date for your payment or even, when suspected fraudulent activities have occurred. They can really help you to manage your credit effectively.
Do not accept the first credit card offer that you receive, regardless of how good it sounds. While you may be tempted to jump on an offer, you do not want to take any chances that you will end up signing up for a card and then, seeing a better deal shortly after from another company.
Now, you should be better prepared to use a consumer credit card in the proper way. When used correctly, credit cards can be a great way to simplify your life, however, when you are irresponsible with credit cards, then they can quickly get out of hand and make your life very complicated.
How Much Is Too Much Credit Card Debt? Check Out These Great Tips!
Are there any good reasons to use credit cards? If you are one of the people who believes you should never own a credit card, then you are missing out on a useful financial tool. This article will give you tips on the best way to use credit cards.
Make sure that you destroy any credit card applications that you have received in the mail since they can become a great way for someone who wants to steal you identity to be successful. You should purchase a small paper shredder and have it handy to destroy them before you toss them out.
When you receive a replacement credit card in the mail, cut up your old one, and throw it away immediately. This can prevent your old card from becoming lost, or stolen, allowing someone else to get hold of your credit card number, and use it in a fraudulent way.
Mark your calendar for the day that you are expecting to receive your credit card statement. If your statement does not arrive when it is expected, be sure to contact the company as soon as possible. You must get a statement each month, carefully read through it to be sure nothing is missing ,or additional charges do not appear.
Read each monthly statement carefully. Make sure that you recognize each charge that is applied to your card and any payments made. If you find an unfamiliar charge, it may be a mistake placed on by the card company, or it could be something worse, such as someone else using your card without your permission. Make sure that you contact the company if you see these any bogus charges.
Always try to find a credit card that does not charge an annual fee. Some credit cards that charge annual fees try to entice users with bonus offers or cash back incentives. While these types of rewards might be tempting, really think about whether or not they are worth the annual fee you will be forced to pay. In many cases, they are not.
If you go to make a purchase with your credit card and you are told that there will a surcharge for using that payment method, you can refuse to pay it and demand they accept your purchase. Many credit card companies do not allow merchants to impose fees, so you should check out the policies of your card company.
Make sure that you destroy any credit card applications that you have received in the mail since they can become a great way for someone who wants to steal you identity to be successful. You should purchase a small paper shredder and have it handy to destroy them before you toss them out.
When you receive a replacement credit card in the mail, cut up your old one, and throw it away immediately. This can prevent your old card from becoming lost, or stolen, allowing someone else to get hold of your credit card number, and use it in a fraudulent way.
Mark your calendar for the day that you are expecting to receive your credit card statement. If your statement does not arrive when it is expected, be sure to contact the company as soon as possible. You must get a statement each month, carefully read through it to be sure nothing is missing ,or additional charges do not appear.
Read each monthly statement carefully. Make sure that you recognize each charge that is applied to your card and any payments made. If you find an unfamiliar charge, it may be a mistake placed on by the card company, or it could be something worse, such as someone else using your card without your permission. Make sure that you contact the company if you see these any bogus charges.
Always try to find a credit card that does not charge an annual fee. Some credit cards that charge annual fees try to entice users with bonus offers or cash back incentives. While these types of rewards might be tempting, really think about whether or not they are worth the annual fee you will be forced to pay. In many cases, they are not.
If you go to make a purchase with your credit card and you are told that there will a surcharge for using that payment method, you can refuse to pay it and demand they accept your purchase. Many credit card companies do not allow merchants to impose fees, so you should check out the policies of your card company.
Sabtu, 17 Maret 2012
Credit Cards Offers For Bad Credit
Having less than perfect credit does not cancel out your credit card options. In fact, just the opposite is true. These days, banks issue plastic for every need under the sun. This includes cards designed specifically for those with poor credit. By taking advantage of bad credit credit card offers, you can get back on your financial feet in no time. Read on to learn more about these offers.
Prepaid Debit Cards
If you have trouble getting approved for a traditional card, a prepaid debit card is a smart alternative. With this option, you first deposit money into your account. You can then use your card to make purchases. To help you stay on track, your line of credit is limited to the amount you have deposited. By putting money into your account and making purchases, you will rebuild your credit. For two great prepaid options, check out the All-Access Visa Prepaid Card and the Wired Plastic Prepaid Visa Card.
Secured Credit Cards
Another option for those with bad credit is a secured card. This type of card requires you to open a savings account. The account serves as security for the line of credit. The credit available to you is a percentage of your deposit. This usually ranges from 50 to 100 percent. If you pay off your balance consistently, over time your line of credit will increase. A secured offer usually includes an annual fee and high interest rate.
First Premier and Orchard
Perhaps you plan to occasionally carry a balance on your card. If this is the case, there are various bad credit credit card offers available. First Premier Bank issues cards designed for those with poor credit. First Premier Bank offers low interest rates and the chance to improve your rating. You can be approved instantly for one of their cards. Check out the First Premier Bank Gold MasterCard/Visa to get you started.
Orchard Bank also caters to those with a poor credit history. The Orchard Bank Platinum MasterCard offers a low interest rate on purchases. It also regularly reports to credit bureaus. This gives you a chance to use your card, pay off balances, and have creditors take notice.
Both First Premier and Orchard Bank cards include a number of fees. First Premier Bank charges initial fees of $29 and $95, as well as a monthly participation fee and annual fee. Orchard Bank requires a high annual fee.
These expenses may seem high. However, it is important to remember that these companies are offering cards to those with poor credit. Most bad credit credit card offers include extra fees due to the risks involved. Yet these cards are designed to help you improve your credit rating. Once you show that you can handle these cards wisely, you can apply for other offers.
Don't let poor credit get you down. There are many offers available to you. Choose the option that's best for you and then apply online. With careful planning, you can improve your credit score. Soon you'll be in good standings once again with lenders. This can open many more financial doors in your future.
About the author: Kent Parker is a contributing editor for www.CardGuys.com. Visit his website to apply for a Bad Credit Credit Card.
Prepaid Debit Cards
If you have trouble getting approved for a traditional card, a prepaid debit card is a smart alternative. With this option, you first deposit money into your account. You can then use your card to make purchases. To help you stay on track, your line of credit is limited to the amount you have deposited. By putting money into your account and making purchases, you will rebuild your credit. For two great prepaid options, check out the All-Access Visa Prepaid Card and the Wired Plastic Prepaid Visa Card.
Secured Credit Cards
Another option for those with bad credit is a secured card. This type of card requires you to open a savings account. The account serves as security for the line of credit. The credit available to you is a percentage of your deposit. This usually ranges from 50 to 100 percent. If you pay off your balance consistently, over time your line of credit will increase. A secured offer usually includes an annual fee and high interest rate.
First Premier and Orchard
Perhaps you plan to occasionally carry a balance on your card. If this is the case, there are various bad credit credit card offers available. First Premier Bank issues cards designed for those with poor credit. First Premier Bank offers low interest rates and the chance to improve your rating. You can be approved instantly for one of their cards. Check out the First Premier Bank Gold MasterCard/Visa to get you started.
Orchard Bank also caters to those with a poor credit history. The Orchard Bank Platinum MasterCard offers a low interest rate on purchases. It also regularly reports to credit bureaus. This gives you a chance to use your card, pay off balances, and have creditors take notice.
Both First Premier and Orchard Bank cards include a number of fees. First Premier Bank charges initial fees of $29 and $95, as well as a monthly participation fee and annual fee. Orchard Bank requires a high annual fee.
These expenses may seem high. However, it is important to remember that these companies are offering cards to those with poor credit. Most bad credit credit card offers include extra fees due to the risks involved. Yet these cards are designed to help you improve your credit rating. Once you show that you can handle these cards wisely, you can apply for other offers.
Don't let poor credit get you down. There are many offers available to you. Choose the option that's best for you and then apply online. With careful planning, you can improve your credit score. Soon you'll be in good standings once again with lenders. This can open many more financial doors in your future.
About the author: Kent Parker is a contributing editor for www.CardGuys.com. Visit his website to apply for a Bad Credit Credit Card.
Jumat, 16 Maret 2012
Credit Cards Applications For Bad Credit
When it comes to filling out a credit card application, bad credit doesn't necessarily disqualify you from being approved. While you may not have as many options as consumers who have a good credit rating, you can still find a company willing to extend credit to you. Follow the guidelines below as you complete the application form.
Type of Application
The first thing you need to consider is the type of application you are filling out. If you need to rebuild your credit, one place to start is by using a secured card. Bad credit doesn't mean that a card company will not issue you a card. You nay need to put up a security deposit to ensure that the company issuing the card is paid. Once you have made your payments for 12 months or so, you may qualify for an unsecured credit card.
Another option is look for a company that is prepared to issue a card to a person with less than perfect credit. You may need to pay a higher rate of interest or an annual fee, but at least you will have a credit card. As in the case of a person who applies for a secured credit card, once you have established a better track record, you will be able to qualify for a card offering a lower interest rate.
Completing the Application
Type of Application
The first thing you need to consider is the type of application you are filling out. If you need to rebuild your credit, one place to start is by using a secured card. Bad credit doesn't mean that a card company will not issue you a card. You nay need to put up a security deposit to ensure that the company issuing the card is paid. Once you have made your payments for 12 months or so, you may qualify for an unsecured credit card.
Another option is look for a company that is prepared to issue a card to a person with less than perfect credit. You may need to pay a higher rate of interest or an annual fee, but at least you will have a credit card. As in the case of a person who applies for a secured credit card, once you have established a better track record, you will be able to qualify for a card offering a lower interest rate.
Completing the Application
As you complete the application you will need to have on hand information about your existing bank accounts, savings, monthly payments and debt. Have this information at hand before you even sit down. Then- be accurate! Inaccuracies cause delays and less than forthright information can eliminate your chances of getting a card. Consider using a third party credit tracker device that will allow you to input much of this data just once. Using an online application may be easier that filling out and mailing back paper forms via snail mail.
Don't think that you can't fill out a credit card application with bad credit. You have credit options that are open to you. If you visit a web site with a free credit card chaser tool, you can compare different ones to find the right one for you today!
Don't think that you can't fill out a credit card application with bad credit. You have credit options that are open to you. If you visit a web site with a free credit card chaser tool, you can compare different ones to find the right one for you today!
Instant Decision Credit Cards For Bad Credit
What are 'instant decision credit cards'?
An instant decision credit card is a card you apply for online, where the provider gives you a decision about whether you will be offered credit very quickly, usually within 60 seconds.
Credit providers make these decisions using an automated check, which is why it is so quick. If you meet the requirements exactly you can be accepted instantly, but if your credit rating is very bad then it is highly likely that you will be rejected.
However, many people won't fit neatly into either of these categories, in which case your application will have to undergo further checks and will take a little longer.
Am I eligible?
To be approved for most instant decision credit cards you will need a good credit rating. You may still be approved if your rating is not 100% clean, but it's unlikely that this decision will be instant, as your application will have to be reviewed further.
Additionally, you will be required to have fully functioning bank account, be over 18 years old and be registered on the electoral roll.
What are the benefits of an instant decision credit card?
It does what it says on the tin. You get a very quick decision on whether you can get credit from that provider or not, and your card arrives soon afterwards.
They can be good if you need to pay for something urgently up front, such as travel expenses. They're also suited to people who don't have time to spend a long time filling in forms and responding to follow up calls and emails from the credit company.
Additionally, you get all the benefits that normally come with a credit card, such as protection if your card gets stolen or cloned and cover on any purchases between £100 and £30,000.
What are the cons of an instant decision credit card?
Credit providers know that when you apply for an instant decision card, your priority is the speed at which you can get it, rather than making sure you have the best possible deal. As a result, the deals offered with instant decision credit cards typically have higher rates and fewer benefits than their slower decision counterparts.
How do I know which is the best provider?
In the past, comparing offers meant hours of research and drawing up tables, but thanks to comparisons sites this is no longer the case. Online searches will highlight exactly what each provider is offering in terms of APR, interest and additional benefits (such as cashback and points schemes on certain purchases), making it easy for you to find the best card for you.
However, as with any credit application, it's important to check the small print to ensure you're not signing up for something which will leave you in financial trouble or with a poor credit rating later down the line.
At www.creditchoices.co.uk you can compare instant decision credit cards online. Whatever your individual credit card needs, we can help you find the best deal.
An instant decision credit card is a card you apply for online, where the provider gives you a decision about whether you will be offered credit very quickly, usually within 60 seconds.
Credit providers make these decisions using an automated check, which is why it is so quick. If you meet the requirements exactly you can be accepted instantly, but if your credit rating is very bad then it is highly likely that you will be rejected.
However, many people won't fit neatly into either of these categories, in which case your application will have to undergo further checks and will take a little longer.
Am I eligible?
To be approved for most instant decision credit cards you will need a good credit rating. You may still be approved if your rating is not 100% clean, but it's unlikely that this decision will be instant, as your application will have to be reviewed further.
Additionally, you will be required to have fully functioning bank account, be over 18 years old and be registered on the electoral roll.
What are the benefits of an instant decision credit card?
It does what it says on the tin. You get a very quick decision on whether you can get credit from that provider or not, and your card arrives soon afterwards.
They can be good if you need to pay for something urgently up front, such as travel expenses. They're also suited to people who don't have time to spend a long time filling in forms and responding to follow up calls and emails from the credit company.
Additionally, you get all the benefits that normally come with a credit card, such as protection if your card gets stolen or cloned and cover on any purchases between £100 and £30,000.
What are the cons of an instant decision credit card?
Credit providers know that when you apply for an instant decision card, your priority is the speed at which you can get it, rather than making sure you have the best possible deal. As a result, the deals offered with instant decision credit cards typically have higher rates and fewer benefits than their slower decision counterparts.
How do I know which is the best provider?
In the past, comparing offers meant hours of research and drawing up tables, but thanks to comparisons sites this is no longer the case. Online searches will highlight exactly what each provider is offering in terms of APR, interest and additional benefits (such as cashback and points schemes on certain purchases), making it easy for you to find the best card for you.
However, as with any credit application, it's important to check the small print to ensure you're not signing up for something which will leave you in financial trouble or with a poor credit rating later down the line.
At www.creditchoices.co.uk you can compare instant decision credit cards online. Whatever your individual credit card needs, we can help you find the best deal.
Credit Cards With No Security Deposit For Bad Credit
How to Get a No Security Deposit Credit Card Despite Bad Credit:
When it comes to giving credit to people with bad credit there are a few options. Back when credit cards were gaining popularity you had to fit certain criteria to get them. Things like a stable job, enough income to meet the company's specific requirement and a good credit history were standard. If you had bad credit you were most certainly denied. There are now many more options and we will look at the differences here and help you find the best one.
Nowadays it's a bit easier to find a credit card even if you have bad credit but they are usually prepaid or secured credit cards. There are also secured loans which require collateral. Secured credit means that you are suppose to make a deposit, put money into a designated savings account or in the case of loans, assign something of value as collateral. When you miss your credit card payment, the provider will just withdraw it out of the deposit you had. When you qualify for unsecured or close your account then they will give you your money back.
If you don't want to make a deposit then you have to look at prepaid cards. Prepaid means just that what it says, you load the money in advance. Anyone with a bad credit history is guaranteed, you typically pay a small per transaction or monthly fee. However, you now can do all the things you did with a regular credit card like shopping online, renting cars and hotels, etc. When you want to use it again just load it.
It is a great way to still have a credit card regardless of your bad credit. The only thing is, it doesn't count towards your credit history. If you can, get yourself what's called a bad credit card instead. Cards like the First Millennium Platinum Card. They don't take your bad credit history into account as they do not do credit checks.
Some providers take days to process your application and get back to you about approval. First Millennium Platinum Card has a sixty second approval process you can access through their website. No more long waits for approval! Remember, I also said no credit check. Providers who issue cards to those with bad credit understand that sometimes honest people run into to problems and their bad credit history doesn't mean they are irresponsible.
If you need cash in a pinch, First Millennium Platinum Card can provide you with an instant cash advance as well. At some point in time we all have some sort of emergency in which we can use a little up front cash. Unlike payday loans which are very popular these days, First Millennium Platinum Card offers zero percent APR so you won't get gouged every time you take some cash to get you through to payday.
Always remember to make on time payments with your new credit card. There is no better way to improve your credit score. Use your new First Millennium Platinum Card just as you would any other card and enjoy the freedoms that come with credit cards, all the while rebuilding your good credit back to where it once was.
This Article is related to the subject of bad credit. If you are looking for first millennium platinum card then www.card-approvals.co.uk is the greatest place for you.
When it comes to giving credit to people with bad credit there are a few options. Back when credit cards were gaining popularity you had to fit certain criteria to get them. Things like a stable job, enough income to meet the company's specific requirement and a good credit history were standard. If you had bad credit you were most certainly denied. There are now many more options and we will look at the differences here and help you find the best one.
Nowadays it's a bit easier to find a credit card even if you have bad credit but they are usually prepaid or secured credit cards. There are also secured loans which require collateral. Secured credit means that you are suppose to make a deposit, put money into a designated savings account or in the case of loans, assign something of value as collateral. When you miss your credit card payment, the provider will just withdraw it out of the deposit you had. When you qualify for unsecured or close your account then they will give you your money back.
If you don't want to make a deposit then you have to look at prepaid cards. Prepaid means just that what it says, you load the money in advance. Anyone with a bad credit history is guaranteed, you typically pay a small per transaction or monthly fee. However, you now can do all the things you did with a regular credit card like shopping online, renting cars and hotels, etc. When you want to use it again just load it.
It is a great way to still have a credit card regardless of your bad credit. The only thing is, it doesn't count towards your credit history. If you can, get yourself what's called a bad credit card instead. Cards like the First Millennium Platinum Card. They don't take your bad credit history into account as they do not do credit checks.
Some providers take days to process your application and get back to you about approval. First Millennium Platinum Card has a sixty second approval process you can access through their website. No more long waits for approval! Remember, I also said no credit check. Providers who issue cards to those with bad credit understand that sometimes honest people run into to problems and their bad credit history doesn't mean they are irresponsible.
If you need cash in a pinch, First Millennium Platinum Card can provide you with an instant cash advance as well. At some point in time we all have some sort of emergency in which we can use a little up front cash. Unlike payday loans which are very popular these days, First Millennium Platinum Card offers zero percent APR so you won't get gouged every time you take some cash to get you through to payday.
Always remember to make on time payments with your new credit card. There is no better way to improve your credit score. Use your new First Millennium Platinum Card just as you would any other card and enjoy the freedoms that come with credit cards, all the while rebuilding your good credit back to where it once was.
This Article is related to the subject of bad credit. If you are looking for first millennium platinum card then www.card-approvals.co.uk is the greatest place for you.
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