Corporate Credit Cards

Corporate credit cards can help an entrepreneur manage his business in several ways. They can assist an owner in keeping business expenditures separate from personal ones. Most large companies have these types of accounts or belong to a corporate credit card company. A corporate account is different than a regular account, in that is specializes in issuing plans to a firm's employees. The lender then offers two types of terms: It will bill directly to the company or bill each individual user. This decision is left up to the business and the accounting practices of the business.

By having separate corporate credit cards, employees can keep track of their travel expenses and related expenditures. By using them, employees can keep accurate records for travel reimbursement. Some merchants also offer discounts for employees who use this plan. It also makes verifying who the worker is easier. The employee just shows the appropriate documentation and the discount is applied. The sale record goes to the company, and is recorded to the appropriate expense account.

Most lenders now offer online services. The card holder can view recent transactions, find current balance, check remaining credit limits, make payments, and view statements all from his home or office computer. This online process also makes it easy to verify abuse of the corporate credit card. Some have download features that will allow the owner and the employee to track expenses in popular accounting software. There are even bonus programs that will earn points toward free gifts, hotels, or airline tickets. Corporate credit cards are very popular with corporate employees and owners who enjoy the ease this technology brings.

Having corporate credit cards makes transacting business simple for even small business owners. They no longer have to keep petty cash on hand to make minor purchases. They can do away with purchase orders by authorizing only certain personnel to use the program. The company's accounting office will appreciate the ease of one bill to monitor spending. Also, cash advances are no longer necessary for those traveling at company expense. There are very few establishments that will not accept a corporate credit card, so carrying cash is no longer necessary. God consider us as His workers in His vineyard. Second Corinthians 6:1 says, "We then, as workers together with him, beseech you also that receive not the grace of God in vain." No matter if we serve as the employee or the employer, our boss is our Lord. We must make every transaction and every business decision in the light of His will.

Low Interest Rate Credit Cards

Low interest credit cards are the best choice for a consumer who plans to spend a large amount on credit. Paying on these accounts will mean paying less interest and more principle each month. If one does not know the exact percentage on their presumably low interest rate credit cards, they should check their statements or call the customer service number on the back of the card. If the FICO score is 720 or higher and the debtor has steady income, they should not be paying higher than 10% on an account.

If a company offers a lower rate than the current rate, it is wise to make balance transfers to the new offer. A balance transfer involves moving the money owed on a card to low interest credit cards. Typically, new accounts have an introductory balance transfer rate of 0%-3% for a period of at least six months or a year. After the introductory low interest rate credit cards time period expires, the accounts will readjust to their regular rates.

Shopping around for better deals may not be wise for a person with a FICO score below 720. This is true because the consumer may not find the low interest rate credit cards they are looking for. Each time a potential creditor pulls an individuals financial report, the score drops by one point. Upon finding low interest credit cards, it is important to call a current creditor and tell them that a lower rate has been found with the option of a balance transfer. The consumer has the option to request them to lower the rate on the current account. Many creditors will do this before losing out on the interest charges altogether.

Christians, like all other consumers, have many options to consider when dealing with financial matters. When seeking better low interest rate credit cards, Christians should use the same methods as everyone else. However, they are encouraged to use credit as a way to establish a good credit history for the purpose of receiving lower interest rates on a mortgage, or lower costs on home and auto insurance and not to make purchases. A Christian should strive to be debt free. The Bible tells of being a slave to financial obligations. Using wisdom and understanding to remain financially free is the goal. "Through wisdom a house is builded; and by understanding it is established." (Proverbs 24:3)

Credit Cards For Teens

Credit cards for a teen can be a dangerous thing because they can be used inappropriately by charging miscellaneous items to the card or buying things that really aren't essential. There should be set ground rules, regarding credit cards for teens, that can help to determine how the card will be used. If the main reason to have one is for emergency purposes only, then this is a good idea. Depending on how old the teen is, he or she will be able to show responsibility by having credit cards for teens.

If a parent is going to pursue this financial route, then every avenue on educating children on how to properly use them should be considered. There are programs available that teach how credit cards for a teen can be used. Each program can show the teenager how they work-the appropriate way to use them and when to avoid them all together. If ever they were in a situation where they were coming home from a party and their car broke down in the middle of the night, they can use credit cards for teens that their parents gave them. If a parent cannot be nearby and able to help their child, the next best thing would be to use the credit cards for a teen. Proverbs 3:27 says Withhold not good from them to whom it is due, when it is in the power of thine hand to do it. Before giving a teenager any sort of charge card, instill proper Biblical financial principles. With the right foundation, any teenager has the potential for success with this type of spending. If a parent is uncomfortable with teaching these principles, seek help instead of overlooking this important aspect of financial education.

If a parent has decided to give a teenager this type of responsibility then it is important to lay the groundwork for continued financial responsibility. Unless the child has a job and can prove responsible enough to have credit cards for a teen, they shouldn't be allowed to have one. A parent should make it so that their teenager is given responsibilities early on to manage their own finances. When any teenager is able to do this, they will probably show enough discernment on how to use credit cards for teens. It would also be a good idea to get with other parents and decide how to keep kids accountable.

Credit Cards For College Students

• Type of Credit Cards
  
• Eligibility
  
• Search by States
  
• Search by City 
  

A Credit Card, as its name suggests, gives you credit, for a charge, of course, and allows you to pay for service or product over a period of time. The days of credit one gets could range from 20 to 50 days (calculated from the day of billing and not from date of purchase) come interest free. You can choose to pay your dues entirely at one go or stagger them after paying the minimum amount due every month. A Charge Card is almost similar to a Credit Card, but with one key difference. With Charge Card, you have to pay the entire dues within the credit period and also you cannot carry over any balances like a Credit Card. A Debit Card is on the whole, an ATM card on the move.It enables you to access your bank deposits for payment. When you make any purchases using a Debit Card, your bank account is instantaneously and automatically depleted to the extent of the purchase amount.

In India there are essentially three types of cards available, Visa, Master Card and Amex (American Express). Participating banks like Citibank or ICICI then issue these cards to the subscribers. Both Visa and Master Card have been popular in India and have an almost equal market share and as for Amex, it is comparatively a new player in India and also it issues its cards only through American Express Bank.

Accept Credit Card Payments

Accept credit card payments, as a business, to attract a wide variety of consumers. Many consumers do not carry cash and use charge accounts for most, if not all, purchases. It is very important for a business to accept credit card payment from consumers to gain and maintain business. Businesses that offer flexibility on payment options to consumers usually enjoy higher sales than those companies that only accept cash or checks. Many consumers purchase on credit these days and companies that don't have merchant accounts may find themselves left behind when it comes to sales. 

Customers like the flexibility of using one form of payment. Using a charge account provides consumers with a statement of transactions that keeps a record of all purchases. It also provides customers with the ability to dispute transactions and receive credits. Businesses that accept credit card payments do more business online than those that don't. Online shoppers normally always use charge cards for purchases. Consumer's often use a charge account to purchase online to expedite the purchase allowing them to receive the merchandise on a timely basis. The company who doesn't accept credit card payments has to wait on checks in the mail before the merchandise can be shipped to the consumer. 

Merchant accounts may not be very attractive to businesses due to fees that are charged per transaction. Shop around for the best offers on merchant accounts. Some companies offer no set up or application fees along with low percentages on fees charged on transactions. Weigh the benefits of increased sales when considering the fees involved. When businesses accept credit card payment the significant sales increases will probably outweigh the drawbacks associated with merchant fees. Search online for free quotes that offer comparisons to businesses interested in accepting charge cards. Pray and ask God for wisdom in making the best choice. "Who can number the clouds in wisdom? or who can stay the bottles of heaven" (Job 38:37).

Quotes are available online for companies that wish to accept credit card payment for purchases. Quotes include processing in person, by phone, mail, and over the Internet. When comparing merchant accounts beware of companies that charge set-up fees and monthly maintenance fees. Recurring charges that businesses pay to accept credit card payments are called discount fees. These are based upon a percentage of each sale. When shopping for the ability to accept credit card payment compare companies based upon the percentage that they charge on discount fees.

Apply For A Credit Card

Borrowers can apply for a credit card on the Internet and find many choices with many different banks that offer different terms and interest rates. The wise borrower can take advantage of low interest and fixed rate offers. Some offers include balance transfer accounts that allow the consumer to transfer from a high interest rate to a low interest rate. On these accounts, points are received based upon purchases made. These online lenders also offer fast approval.

An applicant may take advantage of cash back offers when he makes a decision to apply for a credit card. When making purchases at grocery stores, gas stations, and drug stores, a percentage of the purchase is given back to the consumer in cash. Some lenders advertise promotions of convenient terms or even prizes. Some offer no annual fees and 0 percent interest rate for up to 12 months, which also applies to balance transfers. A wise borrower can use a bank's shopping network to find the best deals.

A person who needs additional funding can also take advantage of airline credit cards, which allow the applicant to earn frequent flyer value miles, for each dollar spent, good towards the future purchase of an airline ticket. Many of these deals offer bonus miles with benefits including no expiration dates. But some have steep annual fees, so buyer's must be cautious if deciding to apply for credit cards. Some banks offer travel discounts if the consumer travels with certain airlines. Some of the terms for these contracts severely limit when the borrower can use the discounts. Additional incentive may include earning additional points when spending at certain restaurants or getting free rental car collision and loss damage insurance when the person opts to apply for credit cards. 

When someone decides to apply for credit cards, he may have instant approval. A notice will be sent immediately to an e-mail address of acceptance or denial. Instant approvals are dependent upon good or excellent credit history. The successful applicant can manage his account over the Internet. Some lenders also make available terms for the consumer with bad credit. But no loan is good if the borrower cannot repay or if he hasn't consulted God about his decision. Job 28:18 says of the wise, "No mention shall be made of coral, or of pearls: for the price of wisdom is above rubies." Search God's Word for wisdom about each financial decision to apply for a credit card.

Credit Union

Credit unions are financial institutions that have a different purpose than other lenders. They are very much like the banks that have been our chief place of financial business, however, they offer a different type of service to their customers. They are "owned" by the customers who invest in it much like the bank shareholders. The customers are union clients, who use their services by taking out loans. Obviously, this is a different way of doing business, with more focus on the customers than a few high management officers and major stockholders. 

So how does it work? Members pool their funds to make loans to one another. The volunteer board that runs each lender is elected by the members. "Not for profit, not for charity, but for service" is the credit union motto. They serve groups that share something in common, such as the workplace, a type of industry, area in which the work is located, or even a religious organization. These companies are not-for-profit firms that exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Many times, they only deal with a select group of consumers, such as those who serve military members, the employees of a large business, or the people who live in one certain state. But the law places some limits on the people they may serve. A charter defines the company's "field of membership," which could be an employer, church, school, or community. Anyone working for an employer that sponsors one of these businesses, for example, is eligible to join. 

Like other financial institutions, credit unions are closely regulated. The National Credit Union Share Insurance Fund (NCUSIF), an agency of the federal government, insures deposits at more than 9,000 federal and state-chartered groups nationwide. For savings accounts, deposits are insured up to $100,000, just like the FDIC who insures federally insured banks. The key difference, however, is the ownership. A credit union differs from a bank or savings & loan in that, while these other financial institutions accept deposits and make loans, the banks and S&L's are in business to make a profit. Banks and savings & loans are owned by groups of stockholders whose interests include earning a healthy return on their investments.

We could reasonably compare credit unions with the early Church: "and all that believed were together, and had all things in common; and sold their possessions and goods, and parted them to all men, as every man had need. And they, ...with one accord...did eat their meat with gladness and singleness of heart" (Acts 2:44-46). Perhaps a credit union is the more biblical means of being good stewards of our money.

Ecommerce Credit Card Processing

Ecommerce credit card processing allows consumers to perform a variety of activities through the use of the Internet, including purchases and paying bills. A variety of stores and companies provide sites and services to assist in purchases and bill payment. These websites lead to convenience and affordability. Using this payment route makes it possible for consumers to purchase goods through many websites available on the Internet. Clothing, electronics, toys, gifts, flowers, and a variety of products can be purchased from the convenience of home or work. There is no need to visit local stores and search for the best products or gifts to purchase when this can be done from any computer with Internet access. Ecommerce credit card processing allows the viewing of products, their specifications, comparisons, and much more information on a topic before purchasing with the use of a credit card. 

Convenient payment methods such as this also allow the payment of bills via the Internet. Many credit card, phone, utility, and other companies have websites available for the consumer to view and pay bills online. This service also provides convenience for the consumer with no need to leave home, go to the post office or mailbox, or go to the company and pay the bill. The convenience factor is very appealing to consumers with busy lifestyles. With both purchasing and paying bills through ecommerce credit card processing, money can also be saved, along with time. There is no need to pay for gas, food, or other expenses that may be accrued when on a shopping trip. When paying bills online, there is no postage expense. The amount of money that is saved on stamps, gas, and any other expenses will allow the consumer to make more purchases in the future. It is important to control spending by using a budget especially when using a credit card on the Internet. 1 Thessalonians 4:4 says "That every one of you should know how to possess his vessel in sanctification and honour;"

This method of payment allows the consumer to purchase products and pay bills on the Internet, with the use of a credit card. Using the Internet and websites for these services makes purchasing products and paying bills much more convenient. Also, the consumer has the ability to save money without having to leave home or the office to make purchases or pay bills. Ecommerce credit card processing is a great tool that makes life a little simpler.

Equity Line Of Credit

An equity line of credit is a timely opportunity when interest rates are low. This may be used to pay for home repairs as well as other expenses. Tax savings in interest expense is another way money is saved through equity lines of credit. Some mortgage companies online advertise no annual fees, no closing costs, no application fees, and easy access to revolving credit. Fixed interest loans are an option as well as variable rate loans with this form of financial assistance. It is important for consumers to understand that this type of loan may be used at any time. There may be some restrictions to using the money, but these terms should be explained before a contract is signed.

Funds through an account of this nature may be used for absolutely anything, including expenses on medical bills, home remodeling, household repairs, school tuition, or vacations. Monthly payments are due on an equity line of credit after drawing on it. Choosing a fixed interest loan will mean that the monthly payments will stay the same over the life of the loan. Choosing a variable interest loan will allow for a cheaper rate initially, but the interest will vary over the life of the loan on equity lines of credit. An available line will allow the consumer to use the account at any time up to the limit amount.

Equity is the difference between the value of the home and the balance on the existing mortgage. Using this value, in the form of an equity line of credit may be useful for paying off existing debt from cards, vehicle loans, and other accounts. Paying off high interest cards and personal loans is beneficial and saves money on interest. Lenders may consider the consumers ability to repay loans by looking at income, debts, and other financial obligations, as well as financial history. "How much better is it to get wisdom than gold! and to get understanding rather to be chosen than silver!" (Proverbs 16:16)

It is very important for the consumer to examine terms and conditions of all financial agreements. With an equity line of credit, this is especially true. The individual should consider interest charges and any fees that may be assessed to this type of account. Mortgage companies have experts employed who can answer questions and guide the consumer through the process of obtaining equity lines of credit. It is also important to understand how the account can be utilized. When issuing equity lines of credit, some lenders will provide checks for the consumer, while others may issue a credit card that will allow the consumer to use the funds from this account. These accounts may sometimes have restrictions on the amount used each time that money is drawn. Others require an initial advance to be used when originally set up. Performing a search online and determining the best deals and lowest interest rates will be vital for the consumer.

Credit Card Service

A credit card service can assist a business, that deals in lending, with most funding needs. They offer a wide variety of banking assistance with customers' personal loans. For the merchant who needs to process credit cards, they can help with software and other benefits. Some can also assist with small loans and savings programs. Because service companies work daily with the credit card industry, they constantly update their information to give the best benefits possible.

For the person who owns his own business, accepting credit cards is a must. Credit card services can be a huge help to the business owner who is just starting up. If he wants to begin accepting these types of payments, these companies can help him get set up. There are many cutting-edge technologies that businesses use to process transactions quickly and efficiently, so if the entrepreneur has been accepting these types of payments through the business for years, he might want to check with credit card service professionals to make sure he is taking advantage of all the new technology.

Most borrowers are looking for a smaller amount of funding. These companies can also assist a borrower with things like cash advances, loans, savings programs, financial counseling, and many other assistance. Credit card services can also assist if the holder has been a victim of fraud. They can pinpoint the errors on financial reports. They know which companies are offering the lowest interest rates and can assist in finding the best deal. They can also access a borrower's financial report and facilitate the removal of erroneous information. 

Using a credit card service is a very smart thing to do if a person is unsure of these types of loans. The counselors can advise the borrower about the best loans for his financial situation. Credit card services can assist the business owner in the utilizing the latest technology and making the most of each transaction. The Bible teaches, "Get wisdom, get understanding: forget it not" (Proverbs 4:5). That means that we must take the initiative in understanding and handling our finances. Using the expertise of a credit card service is a wise idea that will help anyone with financial requirements. Through good planning, it can help the distressed borrower get back into financial health. They can also assist the business owner with managing the huge accounting work that comes with using these types of loans in the business.

Credit Cards For College Students

Making credit cards for college students available is a decision which can have long-lasting consequences. College campuses routinely have tables set up in student centers or at various activities where the invitation is given for the student to become a cardholder. Appealing gifts accompany the invitation, making this a tempting offer which is difficult to refuse. Consider for a moment the pros and cons of this decision. On the one hand, credit cards for college students may seem like a good idea. This provides the opportunity to establish a credit history, which may be useful later when a person applies for a mortgage or other types of loans. Establishing a history by paying off purchases on time is a great way to build up an excellent score. However, if the student is not familiar with how credit works, having a card can provide for another type of opportunity altogether -- that of learning how to dig one's way out of debt! A person may have to learn first-hand that this is a slow and painful process. Unfortunately, decisions made during this period of life may also have repercussions for years to come.

Background checks are routinely done by prospective employers, especially in jobs where there may be a temptation to handle other's funds improperly. Employers may consider an employee with significant debt a bad risk for such positions. These days, even employers in jobs where money is not an issue often require background checks. They may consider debt an indication of character. A debtor could be viewed as impulsive, immature or irresponsible. Although this may be an incorrect or unfair assumption, such conclusions could lead a prospective employer to discard a job application in favor of another individual. Debt could even have an impact upon a person's choice of mate. Some might be understandably hesitant to align themselves with a person who is deeply in debt. Of course, money should not be the basis of any marriage, but finances are frequently an issue in many marital difficulties. Debt resulting from credit cards for college students can cause additional stress to a young couple already struggling to repay school loans and obtain a home. Unforeseen medical issues or unexpected expenses can send a tightly stretched budget over the edge.

Ideally, parents should prepare children from a young age for handling finances correctly. A small allowance could be given, which will allow him or her to experience first-hand the challenge of delayed gratification and the joy of accomplishing small savings goals. Important lessons can be learned about handling personal finances long before considering credit cards for college students. If a college student is not yet an adult, and the prospect of a card seems attractive, take the time to research the subject. Internet searches can turn up sites which explain the proper use of finances, or which rate credit cards for college students according to certain criteria.

Examining sites about credit cards for college students raises issues which the student may not have considered. For example, does the card have a yearly fee? Seek out one which doesn't begin with the cardholder already losing the credit game. Are cardholders liable for fraudulent charges? Find out such information before identity theft becomes a problem. Check out the interest rate, not only for the first three months, but for normal use. That fantastic APR can turn into a nightmare later. Teach students to read the fine print carefully before signing any agreement. Note the charges for late fees or balance transfers, or any further late payment penalties. Some companies practice 'universal default', which allows the card issuer to increase rates simply if a person fails to make a payment on time to another lender.

Some 'student' credit cards for college students have higher interest rates than a normal credit card. These specially designed credit cards are also likely to have an irresistible teaser rate for about three months (which goes by in a flash) followed by a significantly higher interest rate for the rest of the time the card is used. Students who are new to the use of credit can develop habits and tastes far beyond what they can realistically afford. Most cards require only about a 2% minimum payment for items charged. Students may believe that if they pay this minimum amount each month they are being responsible borrowers. They may fail to realize that the total of their debt begins to increase exponentially due to interest charges on an ever-growing balance. Many student cards have a variable rate, which only compounds the problem.

If students are away at school, parents may be reluctant to leave them without an 'emergency' credit card. Many of the problems parents worry about will never (thankfully) materialize, yet no parent wants to visualize his or her son or daughter stranded by the side of the road due to car trouble in some far away state. A compromise may be preloaded credit cards for college students which can only be used up to the stated amount. This is a great way to deal with emergencies or to practice dealing with managing a budget. If parents are providing a monthly stipend for food or other expenses, be sure to be clear about the fact that the student is not to expect a bail-out if he or she blows through the entire amount in a week or two. This is not being cruel -- it is done so that the student becomes a responsible adult instead of depending upon others to rescue him or her from a careless lifestyle. As Proverbs 19:18-19 says, "Chasten thy son while there is hope, and let not thy soul spare for his crying. A man of great wrath shall suffer punishment: for if thou deliver him, yet thou must do it again." This is sometimes harder on the parent than on the young adult!

Credit Card Processing Equipment

Credit card equipment is helpful to businesses everywhere because they make it easier for consumers to make purchases electronically since not all customers carry cash. Since we live in a technologically inclined society, any way to make the process of purchasing easier is considered. Businesses have been implementing these transaction machines into their stores for years. Credit card processing equipment used to be highly manual in nature and only accepted in a doctor's offices and in a few major retail stores. However, with the advancements of this payment method, things have become a lot easier and the acceptance of credit is widespread to even fast food drive-thrus. 

Many businesses make it their primary goal to provide top-notch products for this payment method. They know that business owners want to please their customers and have them shop in their stores again and again. One way to ensure that happens is by having a transaction machine that will make the companies run more smoothly. Some different types of credit card equipment that manufacturers offer are software and check processing. The payment method products that come in software forms can be a basic tutorial of how to set up and run the machines. If customers are use to writing checks and the business allows for that, maybe the owner should look into credit card processing equipment that features ways to include checks.

There are places online that will ask business owners what kind of transactions products and services they are interested in and sites that ask how much they are willing to spend. Business owners should look into those credit card processing equipment sites and see who can do the work for them. Those who are new to the whole process of buying credit card equipment should let expert transaction machine companies teach them the process. "The way of a fool is right in his own eyes: but he that hearkeneth unto counsel is wise" (Proverbs 12:15). Even after the business owner learns the process, they will want to talk with a service technician should any problems or questions arise.

When putting in a referral to get help from these equipment manufacturers, business owners will get results instantly if they are involved with a program. When results come in, business owners can do a side by side comparison of the different credit card equipment quotes and see which one best fits the company's budget. This type of referral program will make one's search easier and will help them to establish partnerships with those willing to handle all of the company's credit card processing equipment needs.

Credit Card Reporting Agencies

Credit card reporting agency includes personal information, employment, payment history, people owed, bankruptcies, and inquires. There are three major bureaus that have information on each individual. These bureaus offer a free annual copy of credit reports and offer additional copies including scores for a fee. Checking a credit report periodically is a good idea especially with theft of personal information becoming prevalent. Credit card reporting agencies may allow inquiries from some companies without the consumer's approval. To stop this type of transaction call a toll free number, found online, and request removal. This will remove the problem for up to 2 years. 

A reporting agency will send the consumer a free copy of the report if turned down following request with proof of denial. Requesting a copy is available on the Internet. Most creditors report to the three major agencies but do not share information with each other. They are totally independent of each other. Credit card reporting agencies will show financial history including late payments and total credit available. It is in the consumer's best interest to check financial history and initiate corrections by disputing derogatory information. There is information available online on how to go about correcting mistakes shown through a credit card reporting agency.

When applying for a loan the lender will request a copy of such information. The main focus with lenders in determining worthiness for lending is by looking at the scores. If the score is questionable then further scrutiny may take place. Many lenders will consider debt to income ratios of the consumer applying. A credit card reporting agency report will also show any bankruptcies, judgments, repossessions, and delinquent accounts from public records. A bankruptcy will remain on the consumer's financial record for normally 10 years. 

God speaks clearly about how to manage the money He has entrusted to each person. Getting involved with a bible study that focuses on money management or, more specifically, handling financial burden is a good place to start a new financial life. Proverbs 27:23-24 figuratively speaks about what God has entrusted to us "Be thou diligent to know the state of thy flocks, and look well to thy herds. For riches are not for ever: and doth the crown endure to every generation?" Have a good handle on current finances and be prepared for what the future has.

Maintaining a good rating is essential in today's society. To open a checking account, rent a car, get a credit card, buy a house, get personal loans and even obtain employment favorable financial history is necessary, at least in most cases. The consumer with questionable history may be able to obtain financing but with high interest and increased fees. It is necessary to check personal information with credit card reporting agencies to protect identity and safeguard financial history. To protect against identity theft shred any documents with personal information and check the report annually.

Credit Card Applications

Credit card applications are often received through the mail and email as pre-approved to recipients. Many companies that offer charge accounts are trying to get new business and will mail out offers periodically. Receiving a pre-approved letter does not necessarily mean that one will receive financing. Many institutions require an application be filled out and financial history checked before final approval is made. In many instances basic information is all that is needed to acquire an approval. This might include personal identification information, total household income, and social security number. Some companies include a website address that one visit for a credit card application or acceptance form. Oftentimes the consumer will know within seconds if approved.

Financial institutions include various means to market to individuals through credit card applications. Students enrolled in college are a targeted market. Students should use discretion and limitations when it comes to filling out a credit card application. Only apply with banks that offer low interest or no interest for a period of time, no annual fees, and no monthly maintenance fees. Before applying understand all the fees that are involved with the charge account of choice. Some companies offer low interest but have additional fees that are charged to the account monthly.

Consumer's trying to reestablish financial history might want to consider filling out a credit card application. Find one that will report monthly to the three major bureaus. It may be possible to transfer balances from high interest accounts to a new card with low interest or a limited time of no interest. When performing repair on financial history dispute derogatory items and be consistent to build recent credit. This will raise scores and provide offers for lower interest on future purchases.

Many people have learned the hard way the struggle that accompanies over-use of credit card applications. Evaluate the reason for accepting a credit card application before choosing to apply. When used wisely, credit card applications can potentially present a way out of debt and a life of stressful worry. It is wise to only use credit cards in cases of emergencies. "But of him are ye in Christ Jesus, who of God is made unto us wisdom, and righteousness, and sanctification, and redemption" (1 Corinthians 1:30). Christ is wisdom to his children. Seek him in all things and use wisdom when using a charge account for purchases. Paying off the balance in full every month will save the consumer from paying outrageous interest.

Internet Loans With No Credit Check

Internet unsecured loans with no credit check enable the consumer to get money fast without having to take out a traditional personal loan. This funding is available to anyone in need of assistance, no matter how good or bad their financial standing may be. Before pursuing a loan of any kind, however, the individual should be certain they have a true need for the money and have a budget set up to be able to repay the full amount plus interest. Understanding terms, conditions, and other financial principles will help the consumer make an educated decision when it comes to borrowing money.

Before a person begins the search for a loan or lender, they must evaluate their true need for financial assistance. If there are immediate bills, emergency expenses, or necessary fees that need to be paid, it is probably good to begin looking for funding. If the individual is trying to save for vacation, pay shopping expenses, or purchase something that is out of their means, they should probably rethink attempting to receive assistance. It is important for people to realize that the amount they receive through Internet unsecured loans with no credit check will require some fees and interest to be paid. This amount can be rather large, and is not something that a consumer will want to have to pay unless necessary. Taking the time to evaluate the financial situation to determine if funding is truly necessary should be the most important step in finding a loan and lender.

After the consumer determines they have the need for assistance, they must work on a budget to make timely payment. This means physically sitting down with a calculator or financial advisor to determine how much money needs to go toward the Internet unsecured loans with no credit check each month or in a lump sum. It is not unusual for a person to not be able to pay the entire amount back within the first pay period, thus adding to the amount owed because of interest and additional fees. Living frugally for a few weeks or over the life of the loan will help the consumer achieve the goal of timely repayment. If a man vow a vow unto the LORD, or swear an oath to bind his soul with a bond; he shall not break his word, he shall do according to all that proceedeth out of his mouth." (Numbers 30:2) This should be the goal in financial life, though sometimes it doesn't work out that way.

Business Credit Card

Business credit cards are available to most companies, regardless of the product or service they sell, provided that the businesses' credit is adequate. A business credit card can be used for a number of different reasons, such as purchasing supplies, entertaining clients, or traveling. The rates and terms of the account will depend on the financial standing of the company, and the account will need to be paid for each month, as it is with personal accounts.

The account a company has will be very similar to a personal account in that the card holder is expected to pay on the balance at the end of each month. However, business credit cards often have higher limits than most personal accounts. The rates that are offered to them will be contingent on the company's finances, much in the same was as would be for individuals applying for an account. When a company is new, they may have to settle with paying a higher interest rate until they can prove themselves a viable and stable company. Companies will receive numerous offers for cards, so it is important for someone financially knowledgeable to be able to wade through them all and to figure out which is best for businesses.

Most businesses find that having a charge card makes the business more efficient. When able to charge, businesses are better able to track the outflow of money and don't have to deal with giving cash to various employees. Furthermore, business credit cards simply are the practical way to conduct transactions today. Without an account, it is nearly impossible to book trips and purchase needed items in a timely fashion. However, a business credit card gives a company the freedom to allow its employees to conduct transactions that the boss would have to do.

People who are just starting a company will need to secure credit quickly in order to make their operations more efficient. Sometimes particular career fields have crediting institutions that will cater especially to them. But, most always business credit cards will be offered by the major companies, including MasterCard, Visa and American Express. A good place to begin looking for an account is through the bank that the new company took out a loan. In addition, there is much information available online, as well as many different business credit card offers. Securing credit is an important move for businesses. However, as with all their financial decisions, it's important that money is wisely handled and that the Lord is given His rightful place in the company's operations: "Humility and fear of the Lord bring wealth and honor and life" (Proverbs 22:4).

Best Credit Card Rate

The best credit card rates allow consumers to achieve numerous financial benefits, including the opportunity to purchase more products and pay less money in interest. When they get the best credit card rate possible, consumers have more opportunities to pay off any bills or expenses that may accrue on their accounts. Furthermore, the have a chance to receive even more offers for additional account or better terms on existing accounts.

When looking for an account, a person should try to find the lowest interest terms possible. Receiving the best credit card rate will let the person purchase more products and spend less than higher interest terms may allow. The interest that is provided on a credit card, if high, may influence the consumer into purchasing less, because of the need to repay the bill in a timely manner. On the other hand, lower interest allows more freedom and the ability to purchase more. When someone obtains the best credit card rates, it is much easier to purchase products with less fear of financial problems or obligations that would restrict spending.

Another benefit to finding lower interest terms is that people have an easier time paying off bills. Higher interest will cause the amount of money owed to continually grow. If the bill is not paid off in a timely manner, the debt that is accrued will become part of the financial history of the client. As consumers with unpaid debt attempt to receive credit through various means, the poor financial history will in turn affect the rates that are offered. A consumer will have trouble receiving the best credit card rate with unpaid debt and late payments on his or her financial history.

The financial history will impact the interest rate that a person is given when they apply for an account. When a consumer is offered lower rates, it means they have a good financial history and a higher score. These points are very necessary to receive further offers through department stores or major crediting companies. Also, other forms of credit, such as loans, will be much easier to pursue with better scores. These companies use consumer's scores to determine who to offer the best credit card rates to.

The most positive aspect of receiving the best credit card rate is that it will provide further crediting opportunities for the consumer in the future. However, as with any major financial decisions, people are better off when they receive advice from those who handle their finances well: "A wise man will hear, and will increase learning; and a man of understanding shall attain unto wise counsels" (Proverbs 1:5).

Guaranteed Credit Card Approval

A guaranteed credit card approval is possible when applying online as banks advertise to businesses, students, and even for people with bad credit. Terms and interest rates vary by lender and are usually dependent upon financial history. Someone with good to excellent credit will probably not have any difficulty obtaining competitive rates and no annual fees. Some of the current advertised interest rates online start at around 8.99% and go up from there. Some lenders offer cash back on purchases, zero interest for the first year, and low interest on transferred balances from other revolving accounts. A guaranteed credit card approval for people with bad financial history usually means paying a higher interest rate and annual fees. In addition, some of these have other fees associated with them. 

Reestablishing credit is a good reason for a person to consider applying for a revolving account. Some consumers have gone through bankruptcy and may be trying to reestablish their financial history. Offers for a guaranteed credit card approval online may be a way to do this. Lenders offer both secured and unsecured accounts. Secured accounts require that the consumer open an account by depositing money into a secured checking account. The balance in the account is the balance on the card. The good thing about this type of account is that the consumer is less likely to charge more than he or she can afford. Lenders that offer secured and unsecured cards will guarantee reporting monthly to the major credit bureaus. An unsecured card is not linked to a checking account but does usually start out with low limits. 

People with good to excellent financial history usually have scores from 650 to 800. A guaranteed credit card approval usually starts out with zero interest for at least six months although some offers include zero interest for the first year. Some of the perk offers include zero interest on balance transfers, a percentage of cash back on retail purchases, frequent flyer miles, and free online account management. Most revolving accounts do penalize customers if they are even one day late on payments by raising interest rates and charging late fees. Some lenders will lower the interest rates back down after the customer has made several succeeding payments on time. Lenders have other perks for specific types of accounts. These often offer cash back on gasoline purchases and double rewards for purchasing gift cards. 

Accounts that are offered online for small businesses are usually based upon the individual financial history of the owner of the business. Most of these types of offers for guaranteed credit card approval are based upon the applicant having good to excellent financial history. The perks for these types of accounts are often based upon specific retail establishments. Many of the retail establishments are common ones that are used by businesses for rental cars, travel, entertainment, office supplies, and so on. Annual fees may not be applicable but that largely depends upon the bank offering the revolving account. Some wave the annual fee for the first year only. The limits for spending are usually higher on business accounts compared to consumer accounts. 

Students can easily find offers online for revolving accounts tailored to their needs. A guaranteed credit card approval offers perks that appeal to college students. Cash back or reward points for purchases on video rentals, record and book stores, restaurants, travel, movie theaters and cash back to shop online. Most lenders that offer student revolving accounts have lower spending limits and higher interest. This is because most students have not been able to establish financial history. Getting one of these cards is a good way to do that. Students need to remember that it is easy to acquire too many accounts and eventually ending up in debt. The best thing to do is to get just one, keep the limit low, be sure to make the payments on time every month, and get one that reports monthly to the major bureaus. "Happy is the man that finds wisdom, and the man that gets understanding" (Proverbs 3:13).

Another type of revolving account that offers a guaranteed credit card approval online is prepaid debit cards that can be used like credit cards. The spending limit is based upon how much cash a user puts on the account. This type of revolving account can be loaded with cash at many retail establishments or by direct deposit through an employer. These are considered an alternative to having a bank account. A user can enroll in a program to help build financial history or repair financial history through some online lenders. If a user opts to pay his or her bills through the prepaid account then the lender will report the payment history to a national credit reporting agency. Setting up direct deposit to the card usually means paying no fees. Not setting up direct deposit will mean paying a small amount each month that is dependent upon which type of account is chosen. 

Offers online can be very tempting because of the guarantees that are included. A consumer looking for a revolving account should use caution when choosing the right one. There are some that advertise a guaranteed credit card approval that are loaded with all different types of fees including extremely high late fees, over account line fees, and high interest charges. Those that have annual fees usually charge them immediately to the account. Some have activation fees and monthly maintenance fees. The spending limit may be based upon the current balance owed which means that if an account only has a $200 spending limit and the annual fee is $150 that charging more than $50 could cause a person to end up with over the credit line fees. When shopping for a charge card do some research and remember to read the fine print.

Unsecured Credit Cards

Unsecured credit cards are the most used source of credit and they are offered at a rate of more than 5 to 10 per week to the average consumer. This is probably the most common source of financing these days. The use of these cards with nothing to back them up has become so commonplace that it has caused many undisciplined borrowers to become indebted to the extent that they are in financial straits and often in danger of becoming bankrupt. It seems the more debt a borrower shows on their credit report, the more offers they receive.

Pre-approved offers are deceptive however, and just because the offer says, "pre-approved", there is no guarantee of being granted the unsecured credit line for actual use. Each offer has a disclaimer that indicates the company has the right to refuse the request once you have submitted the financial status. They pretend to offer what is called a "no-doc" type of loan where documented proof of income isn't required, but the debt-to-income ratio is the most common denial reason for unsecured cards.

It doesn't make sense why these offers pour in at the time a person is most financially strapped. To try to take advantage of these offers is almost a defeating process. Once the person returns the application for the card, they are denied because of their poor financial situation. What has then happened, is their report has been accessed by the company and that inquiry will stay on the report for a year. Those multiple inquiries by so many unsecured credit cards offers will play against the next true application for credit as having "too many inquiries" on their credit report in the past year.

An unsecured credit line is a very useful means of managing financial situations if only they are managed well and with a discipline that prevents the borrower from overusing the unsecured credit line. Once the cycle of overuse of unsecured credit cards begins, getting out of the cycle is very difficult, and can be financially devastating. If caught in this web, seek out financial guidance and get the help to stop the trend of paying interest that outweighs the principal portion. "Where no counsel is, the people fall: but in the multitude of counsellors, there is safety."

Credit Card Processing Online

Credit card processing online is available from many sources for those businesses that want to be able to handle all types of sales for their customers, and it often results in increases in a company's business profit. The businessman doesn't have to search for individual suppliers of equipment if he doesn't want to. Brokers are available to do some of the cyber "leg work" for him as he searches for the best deal for credit card processing on line. The business owner will be put in contact with at least three different companies from which to choose. He can expect to be contacted with complete information in one to three business days. "For ye have need of patience, that, after ye have done the will of God, ye might receive the promise" (Hebrews 10:36).

Not all companies offering this specific service are the same. An organization's bank should probably be the first contact. While the organization will usually outsource the credit card processing online, many do offer service packages to businesses. Those companies who do offer the service are doing that exclusively, and take care of authorization, billing, reporting, and settlements, leaving the merchant free to take care of his own responsibilities. Next, there are Independent Sales Organizations (ISO's) who aren't quite as strict as banks, but will charge more to do the credit card processing on line. Because of the wide variance in the terms of ISO agreements, it is important to read the fine print carefully before signing up with one of them. Financial service providers such as MasterCard and Visa require a merchant account through an intermediary. American Express and Discover, on the other hand, give merchants the option of applying directly to them for a secure process. Another option available in some areas is small business and trade associations that offer the service at a discount. If merchants in a particular industry or trade have a problem with reaching "credit card merchant" status (minimum sales), this is especially helpful.

An applicant wishing to establish a merchant account will have to provide detailed information about his business. Business practices will be studied, especially for the numbers of charge backs on accounts when an application for credit card processing on line is received. Background checks on officers of the company will also be done in conjunction with approval of the application. Other considerations include whether products or services are provided--products are considered less risky--and if the purchased items are delivered immediately in exchange for payment, there is less risk too. There is an application fee for a merchant account for credit card processing online, which may be as high as $200.00. Once a merchant account is set up, there are fees for every transaction, monthly transaction summaries, program fees, Internet processing fees, and so on. Since these fees vary from company to company, read all the provisions of each company under consideration before choosing one to do the service.

Credit Card

Credit cards are a type of funding that people apply for, then misuse with disastrous results mainly because they are so easy to get. A borrower can apply online, through the mail, and over the telephone. There are millions of companies vying for the business of people who need an unsecured loan. But along with credit cards comes the associated debt if the funds are not used wisely. This is a major problem in America, and the situation is getting worse daily. The problem does not lie with the lenders but with the consumer. If used wisely, unsecured loans can help with business or personal transactions, but should be cautiously used to fund emergencies. The difference is in the attitude of the spender.

There are good reasons to use these plans. For example, if person wants to track expenditures for a business or for personal reasons, these loans offer detailed tracking. Or if a person doesn't want to carry large amounts of cash, he can use these types of loans. If a person must use a credit card, he should pay off the balance as soon as he receives the bill. They can carry very high interest rates and may include large fees and huge late payment charges. If the borrower only pays the minimum amount each month, the repayment period can stretch into years and cost thousands in interest charges.

Behavior related to credit card abuse has caused thousands of people great hardship and even caused them to declare bankruptcy. A person who wants to take out an unsecured loan of this type must understand his own spending habits and try to avoid carrying credit cards when shopping. This loan is only a tool and should never be used to purchase items outside the borrower's budget or for impulse spending. They are not an emergency fund and shouldn't be used unless absolutely necessary. A better plan is to save the money and buy the item when the balance is high enough. Delayed gratification is an art that must be practiced.

Proverbs 22:7 reminds us that "the borrower is servant to the lender." It is easy for a borrower to get in over his head in credit card debt. The cycle of borrowing and spending that they promote is easy to become entangled in. There are many companies that are ready to assist a borrower if he needs help with the debt they carry. Credit cards can be a great tool when used as intended, but they are a financial trap for the person who has not limited his spending.

Credit Card Payment

Credit card payments online are allowing consumers to pay for just about everything, bills included, with the convenience of entering numbers and clicking a button. Paying instantly for utility bills, payments on income tax, merchandise, holiday shopping, and many other things is available as well. By charging online, consumers can purchase, comparison shop, and access accounts, all from home. Technology is changing the way Americans conduct business transactions, and everyday, more and more people are taking advantage of the easy, cheap access to buying and paying online with credit card payments.

Merchants by the hundreds are looking into easy pay method programs. Consumers are beginning to use credit and debit for most purchases. Utilities and other community services are adding websites to the Internet for easy payment processes. And now a credit card payment is the way financial transactions are turning. Consumers are enjoying the ability to charge purchases online. Research is showing that daily, more Americans join the trend of a cashless financial connection by using a credit card payment online. The entire process of using a debit card can save on postage, time paying bills, and can even help with personal book keeping records.

There are, however, pitfalls associated with paying online. The temptation to not completely pay off the monthly credit card balance can prove to be great. Letting balances accumulate can lead to excessive debt problems and financial ruin. When charging to pay on a bill, consumers should pay off the entire amount on a monthly cycle. Debt is of a national concern for America, as more Americans than ever are carrying a household debt of seven thousand dollars or more. To address the debt crisis in American, credit cards are increasing the minimum payment due to help get these debts paid off quicker. Using credit card payments online will need to be disciplined and carefully monitored.

When consumers charge most of their bills and purchases, there can be rewards programs to encourage such use. Often creditors offer advantages for use. When a consumer is using a credit card payment system for their personal paying process, they can enjoy the promotional perks of the card company, if they balance is paid in full monthly. Consumers should research credit card payments online before charging large amounts and consumers should seek advise from financial experts about personal finances and debt. 

Credit Card Processor

Credit card processing has boomed in just the past few years with the number of local and online retail stores that accept this form of payment. These machines can now be found in not only department stores, restaurants, and grocery stores but also even fast food establishments. Many local business owners who typically took cash only are now considering the use of a credit card processor. If someone is a local business owner who wants to take part in this, they will need to know as much as possible about the machines and where to purchase them.

A business owner or operator can find a processing machine either through a business supply distributor locally or on the Internet. There are even companies that only sell credit card processing units. Owners can start by looking at the business supply dealers that they typically make purchases with. Since these individuals or companies know the business and want to honor their customers, they may offer a good deal on a credit card processor. If a company doesn't have a particular supplier to work with or the supplier doesn't sell these machines, the business owner can ask other owners where they were able to purchase their equipment from.

It is also possible to search on the Internet for credit card processing equipment. A person can utilize a search engine if they don't have any recommended dealers to choose from. They can also look on major Internet auction websites to get equipment a little cheaper. No matter where on the Internet an individual looks to buy a credit card processor, the owner should make sure that the seller is reliable and known for quality customer service and products. If training is a necessity, the owner may want to consider working with a local seller who will teach people within the business how to operate the machine.

Deciding on the right unit can be just as time-consuming as finding the right seller. There are many credit card processing units to choose from with various features. Some are less than $100 while others can reach nearly $1,000. It is important to consider the features that are actually needed. Wireless units are popular, but only really necessary for businesses that move frequently or operate on the go like taxi services. A company can save money by sticking with a traditional machine. Some other features are a must, though. The unit needs to have the latest security features, especially password protection.

The owner should take all necessary steps to understand this equipment and how to use it wisely. It is vital to check the IDs of customers before accepting their credit cards. Make sure to keep specific passwords and codes strictly among employees. Also, make sure that all of the staff is fully educated on how to use the credit card processor to prevent errors. As a supervisor, it is vital that workers are not only supervised, but instructed. "Give instruction to a wise man, and he will be yet wiser: teach a just man, and he will increase in learning." (Proverbs 9:9)

Accept Credit Cards Online

Businesses accept credit cards online as payments for bills and for purchases of merchandise, as the Internet enters center stage of many different markets. When a business will accept credit cards on line, they are allowing consumers to easily pay for just about everything imaginable. When services and sellers utilize this payment type, consumers can handle payments with the ease of entering numbers and clicking a button, and all from the conveniences of home. Technology is changing the way Americans conduct financial transactions, and everyday, thousands of people are taking advantage of the easy access to buying and paying on the Internet.

Merchants and businesses are joining the Internet to offer their goods and services online to the millions of people that log on for research and shopping. Traditionally storefront operations are getting the technology to accept credit cards online. Even utilities and other monthly cycle services accept credit cards on line for their customer's easy payment convenience. Debit cards are allowing for customers to save on postage, time, and consumers can even use these accounts as easy bookkeeping systems. There are also advantages for customers who use their debit accounts to pay, such as earning advantage points, frequent flyer miles, and other prizes. 

Companies that want to accept credit cards online can check into business services that offer help in setting up these policies and business reports. Business services can also help their clients with debt collections and debt management. Also, companies seeking to accept credit cards on line can look into software that will allow the charge to be deposited directly into their checking or bank accounts. Software credit card processing can also have supplement services that prevent against fraud and identity thefts. Businesses that want to accept this form of payment can search the Internet for programs and services that provide the expertise and technical knowledge to help their customers with setting up accounts. Taking advantage of this payment type opens doors for new opportunities and ventures.

The face of doing business is changing and the information age is contributing to the new look. Merchants and businesses that do not join the technology age will miss great opportunities to expand and develop new customers and income. As the business culture turns to a cashless transaction climate, to accept credit cards online will be crucial to keeping customers and keeping them happy. A company should consider the costs, but they must also consider the convenience to accept credit cards on line. "My son, let not them depart from thine eyes: keep sound wisdom and discretion" (Proverbs 3:21).

Applying online vs. not online for a credit card

Applying for a credit card can be a confusing task. With the amount of choice out there today, it can be easy to get discouraged. Now with so many online credit card companies available making online credit card applications possible – how is a person supposed to decide what is best? A good rule of thumb to follow between applying online for a credit card versus applying through your financial institution or some other route is to make sure that you know exactly what is being offered before agreeing to any offers. Some people prefer knowing exactly who they are dealing with when it comes to financial transaction and so prefer a more conventional route such as through their banks, but some people are very comfortable with the new technology and do not mind not seeing who they are dealing with. Applying for a credit card online can be much easier and hassle free than not applying online, but that does not mean that you will automatically be approved for a credit card. The online companies will still do a credit check to make sure that you have a good credit rating and a clean credit history. The drawback to applying online is that you may not get all the information that you need before signing up. It is always of the utmost importance to read the fine print before signing any agreements. The last thing that you want to find out is that the actual interest that you will be charged after the initial signing up period is triple or quadruple what you thought it would be! Ultimately there is no other real benefit in applying online versus not applying online except that there is less hassle involved for you.

Credit cards vs. debit cards

When looking at credit cards versus debit cards at first glance they may seem very similar but on closer inspection the differences are outstanding. The first major difference is that with a debit card you are paying for all your purchases up front. With a credit card you are postponing the payment of your purchases to the end of the month. Both credit cards and debit cards come with fees. Whereas credit cards charge you interest and sometimes annual fees, bank cards usually charge card holders transaction fees. Most debit cards have monthly plans that include a certain number of transactions free per month then charge a transaction fee on purchases above and beyond that. Some debit cards offer infinity plans that cover an unlimited number of transactions per month for a higher monthly service fee. Which card is better to use? Well, that depends entirely on your buying philosophy and your personality. Many people prefer to use their debit cards because in that manner they can keep their credit card debt to a minimum. Other people prefer using their credit cards for all their purchases in order to maximize their privilege points and then pay off their balances in full at the end of the month. Striking a balance between using your credit card versus using your debit card is probably your best bet. Although debit cards are great for keeping your debt at bay, they can also fool people into spending more than they should. Using your debit cards to withdraw a set amount of money per week is one way to control debit card expenditures. Using your credit card for big ticket items and emergencies is another way of making smart use of your credit card. Whatever you choose credit cards and debit cards were designed to convenience the card holder but using them wisely is the key to making them work for you and not the other way around.

Where to go / what to do when you have additional questions about credit cards

The best place to go when you have additional questions about credit cards is to your local financial institution. Your personal banker will most likely be able to provide you with a detailed description of everything you need to know concerning your credit card. If you are unable to make the time to take an appointment with your personal banker during bank hours, then you can also contact the credit card companies directly when you have additional questions to ask. Most credit card companies – especially the larger ones, have customer services lines that are available just this exact purpose. Many of them even have 24 hour customer service. If you are not inclined to call and speak to anyone and you still have additional questions then your next best bet is to look online. The internet has a real wealth of information where credit cards are concerned. In fact, you can even look up competitor cards and find out their terms, fees and offers to see if you are, in fact, getting the best deal. When you have additional questions that need answering there are a variety of places to look. Reading the inserts that come with each monthly statement can also be very informative. They will keep you abreast of all changes, any restructuring of the fees and will tell you of all impending cancellations of current perks or privileges. Otherwise simply asking a trusted financial advisor can help you resolve any further question that you might have. There is no shortage of answers for those who know how to look in the right places.

Where you can use your credit card

When credit cards first came on the market they were mostly used locally. Card holders were issued credit cards by their banks valid at very specific local merchants. As customers began seeing the use of having a credit card, they demanded cards that they could use outside their localities. That’s when the big credit card companies came into being. Visa and MasterCard filled the need that customers had for credit cards that they could use nationally. These big credit card companies were the intermediary between the banks, the merchants and the customers. With the birth of these big credit card companies more and more merchants signed on to honor these credit cards. Soon credit cards were the norm. Today credit cards are a worldwide phenomena. You can use your credit card in almost any part of the globe with very few exceptions. Using your credit card is an easy and convenient method of making big ticket purchases, accessing emergency funds and traveling without the worry of carrying around a huge roll of money. You can also use your credit card to make purchases online. With the advance in secure technology there is no longer any reason to fear having your credit card compromised by hackers on the internet. The places you can use your credit card are varied and enormous. Accepted on all college campuses they are a convenient way for students to live when funds run low. Soon there will not be any place where using your credit card in not accepted. It is just a matter of time for this convenient and easy tool to become as pervasive as the telephone.

Credit Card Fees

Owning and using a credit card can be an absolute joy – but paying off your balance at the end of each month can be an absolute pain! Add to that the fact that most credit cards charge hidden fees over and above the regular interest and you can soon be looking at a ballooning credit card debt. Credit card fees can range from the monthly interest fee to user fees, annual fees, overdraft protection and much more. That is why it is very important to always read the fine print before signing on the dotted line. Some credit card even have two billing cycles – meaning that the minimum payment due date may not be the billing date. Sometimes it is a week to two weeks earlier that the due date. In other words, even if you pay the balance off by the due date you can still be charged interest from the billing date until the due date. Unfortunately when customers complain they are told and truthfully so that they signed the agreement and are now bound by it. Another kind of fee that credit cards charge is insurance fees to cover lost or stolen cards or the balances run up on cards that have been lost or stolen. These insurances are really not necessary since most credit card companies offer these protections as part of their basic package. The extended benefits offered by these insurance plans generally do not benefit anyone but the insurers and the credit card companies. So, the bottom line is – before signing any agreement always read the fine print and have your banker or credit card representative clarify any nebulous or vague fees.

Your privacy when using credit card

When using a credit card there are certain steps that you can follow to ensure your privacy and security. Firstly, you should never give your credit card number over the telephone to anyone. You should always tear up your old statements and receipts before disposing of them and you should always keep copies of your credit card numbers and their contact phone numbers in an easily accessible yet secure place in your home in case of loss of theft. When you use your credit card to make purchases make certain that the vendor does not swipe your card more than twice and if a transaction had to be annulled, make sure that you have a copy of the receipt confirming the cancellation. A good way of ensuring the privacy when using your credit card online is to only buy from reputable merchants and to make sure that you see a padlock or key icon in the lower left hand corner of the screen on which you are required to enter you credit card information. These security features are designed to scramble your information before it is transmitted to the merchant thus ensuring your privacy when using your credit card. It is also of utmost importance to report any theft or irregularities on your billing statement to the credit card company immediately. It is easy to protect the privacy of your credit cards if you just take these few easy precautions. What can happen if you do not take care to keep the privacy of your credit cards is too scary to even imagine.

Most common reasons of being rejected when applying for a credit card

When applying for a credit card the false assumption that they are very easy to acquire and anyone can get one is still very much alive. Although it is much easier to obtain a credit card than in the past, that is no guarantee of acceptance. Thousands of people are rejected each year for reasons that are easily remedied. The most common reason for being rejected is having no credit history. Unbelievably hundreds of perfectly stable people with good jobs, no debt and a clean credit rating will have a very hard time getting a credit card because they have failed to build up a revolving credit history. Ideally college students should apply for their first card before graduation so that they can start building a credit history that will help them get regular bank credit cards after graduation. The catch is that most college students do not have the discipline to build a good credit history without abusing the power that credit gives them. Many end up with massive debt loads and no way of meeting the minimum monthly payments. There is a fine line to be walked in this situation. The other most common reason for being rejected for a credit card is having a bad credit history. By defaulting on a loan, missing payments or declaring bankruptcy many people put themselves in a position where they will more likely than not be rejected when they apply for a credit card. With new secured credit cards there is a way for people who have been rejected for a credit card to obtain one and start building or rebuilding their credit history so that they can eventually apply for a regular one. With most of our society working on credit, it is important to build your credit history and make sure that your rating remains clean, otherwise you may face many more rejections when it comes to loans – especially for the big ticket items such as car loans or mortgages.

History of credit cards

The earliest recorded history of credit cards is found in the 1800’s. Store keepers wanted a fast way of keeping track of customer purchases made on credit. Instead of constantly writing down their customers’ personal information, they issued tokens with numbers on them. When the customer made a purchase the store keeper simply had to write down the token number. The history of credit cards is not all that exciting since nothing major happened for the creation of credit cards to come into being. In 1951 the Franklin National Bank thought of a revolutionary new way of issuing credit to their customers. They created revolving credit accounts which allowed their customers to borrow money, repay it and then borrow again without constantly having to be approved for a loan so long as they stayed under their credit limits. Soon other banks started following in their footsteps and began offering their customers revolving lines of credit. Next the banks started issuing credit cards that could be used to make purchases at local merchants. However, customers quickly wanted to be able to use their credit cards beyond their own localities. That’s when the credit cards now known as Visa and MasterCard were created and formed interchange – a nation-wide money exchange system to act as intermediaries between the banks, merchants and the customers. Needless to say, that the new credit card system was a great success and took firm hold. Today credit cards are a necessity for being able to function. Without a credit history people will have a hard time getting loans from banks, making hotel reservations, renting cars or buying airline tickets. Credit cards have come a long way from being a local commodity to a global entity.

Differences between business and individual credit cards

Although most credit cards look the same on the surface the differences between business and individual credit cards run deep. Business credit cards generally charge many fees but have more services available to card holders. Business credit cards are in the name of a business with multiple cards obtainable for employees. In general most business credit cards do not have a preset spending limit although that can vary depending on the size and credit rating of the business or individual applying for the card. The differences between business and individual credit cards make sense only if you have the need for keeping your business and personal spending separate. It is a good way of keeping track of your company’s expenses and controlling the budget. With business credit cards an employer can preset a client’s spending limit. The drawback of having a business credit card is that interest in charged from the moment a purchase is paid until the balance is paid off. Unless you are able to pay this balance off then the interest charges can become astronomical. Individual credit cards have much more flexible terms than business credit cards but do not offer the same protections. With individual credit cards there is no way to separate business expenses from personal expenses and things can get mixed up very quickly. In the end, when deciding what is the right card for you it is always important to take into consideration your goals, what you will be using the card for and your personality. There are card suited to every need and every lifestyle. Above all, once you have settled on a credit card, make sure to read the fine print. Most of the great offers are stated in big, bold letters but then the important terms are always on the back in fine print. As long as you are aware of what you are signing on for, then there should be no problems.

Reputable credit card companies

Among the most reputable credit card companies are the big three – Visa, MasterCard and American Express (Amex). The heavy-hitters among credit cards, these goliaths are what every retail, gas or other credit card have to compete with. These reputable credit card companies have built their brands on trust, reliability and security. The features that they offer card holders are far superior to those offered by many other credit card companies. These reputable credit card companies are also the most widely used credit cards in the world. Among these three companies alone they cover the entire globe. Their reputations precede them and their card holders have purchasing power almost anywhere in the world. Some other reputable credit cards belong to trusted and well-known retail chains. Retail stores caught on to the lure of credit and started offering their own credit cards in an effort to get some of those interest dollars away from the national cards. Their incentives include points towards merchandise. The other place to find reputable credit cards is at gas chains. Gas companies offer credit cards that make filling up at gas pumps easier, more expedient and they offer card holders cash back in the form of car washes, fill-ups and more. Credit has become woven into the very fabric of our society and it is here to stay. By aligning yourself with one of the one or the other of the reputable credit card companies available, you will be building an all important credit history. After all credit cards can be a very good thing and you will have peace of mind and more purchasing power.

Pros and cons of credit cards

Credit cards can be a benefit as well as a blight to everyday consumers. Among the pros for owning a credit card is that you always have a way of paying for something in an emergency. You can make hotel, airline and car rental reservations. You can make online purchases. You can build a good credit rating and history by using your credit cards responsibly, which will aid greatly when it comes time to ask for a big loan such as a car loan or a mortgage. Another pro of owning a credit card is that you can purchase a good or service and then dispute the charge if a problem arises from the purchased good or service – that kind of protection is not offered when you pay for something in cash. Also, now-a-days, most credit cards offer holders privileges and perks for loyalty in the form of cash back, air miles, discounts on hotels and car rentals, etc… These perks can add up when used properly. The cons of owning and using credits cards are simple – they give consumers a false sense of their purchasing power, they charge horrendous interest on balances that are not paid off in full and they can wreck havoc with your credit history if they are not used correctly. Credit cards can trap people in a terrible cycle of constantly playing catch up with their money. Many people who overspent on their credit cards spend years trying to pay off the balances and end up paying double and sometimes triple the original cost of their purchases in interest. In the end, the pros of owning and credit card far out number the cons. However, though they may be few, the cons have much heavier and far reaching consequences in the long run. So own the cards, but be smart with their usage!

Finding out your credit rating

When you are planning on asking for a loan of any kind, the first thing you should do is to find out about your credit rating a few months in advance. This will help you ascertain that your credit rating is good, that there are no errors in your file and that your personal information is correct. If on the off chance you find out that your credit rating is bad then you will have a chance to improve it before applying for that loan – thereby increasing your chances of being accepted. How does one go about finding our about their credit rating? There are many sources available for this search. Some places require you to pay a small fee others such as Equifax and FreeCreditOnline.com offer free credit reports. Another good place to look in the United States is Dunn and Bradstreet, although their focus is on business and not personal credit reports. In Canada another place an individual can access their credit report is from Credit Rating Canada. Finding out about your credit rating can be an eye opener for many people. Sometimes a small error can wreck havoc with a person’s credit history and such things should be fixed immediately before it grows bigger. It is one of the reasons why even if you are not looking at borrowing money in the near future, it is recommended that you periodically find out your credit rating just to make sure that everything is correct. Finding out your credit rating can be a shock but it is always best to be prepared and know exactly where you stand where your finances are concerned.

How safe it is to pay with credit card

The advent of online shopping has been an incredible boon to many people. Those who have little time or patience to go to a mall and root through the shelves of goods can simply log on to their favorite retail site, buy what they need and have it delivered straight to their door. But exactly how safe is it to pay with a credit card online? The answer is surprising. With today’s secure technology it is actually quite safe to pay with a credit card online. The rule of thumb for such purchases is to make sure that you see a padlock or key in the left hand corner of the screen where you enter your credit card information. This icon signifies that you are on a secure site and that your credit card information will be scrambled before being transmitted to the merchant. This technology allows customers to shop with peace of mind. For those who still do not trust these secure measures, another way of getting around entering your credit card number on many different sites is by opening a PayPal account. The security surrounding these accounts is the tightest around. When you open such an account you give your credit card information only once to the PayPal administrator and then when you use your PayPal account to make purchases on participating sites all you have to do is enter your PayPal account number, thus eliminating the need to give your credit card information to many people. However, you can rest assured that great strides have been made to ensure an online shopper’s security to that it is safer than ever to pay with a credit card for your purchases.

What you should know before paying with credit card

Before making paying for any purchase with a credit card you should always remember that you will have to pay for this item at a later date. Is it something that you will want to pay for later? If you will not be able to make the whole payment then remember that you will have to pay interest on the sales price. Another thing you should do before paying with your credit card is ask yourself whether you are in an emergency where you absolutely must purchase this item. If you are not in an emergency situation, then chances are that you would be better off paying for your purchase with cash at a later date. Paying for purchases with a credit card is a great way of putting off the inevitable and also the best way imaginable to spend much more than you should. Credit cards can be very big budget busters because they give people a false sense of their purchasing power. Sure you are able to put almost any purchase on a credit card, but when it comes to paying off your balance at the end of the month is when most people suddenly wake up and realize that they cannot afford to pay the bills. Most people simply pay the minimum balance and then go out and do the same thing all over again, creating a vicious cycle that is very hard to break once started. Before doing anything else, the best thing for anyone to do is to draw up a yearly, monthly and weekly budget where you break down exactly what all your expenses are and what your income is. By doing this you will have a clear picture of what you can spend and what you will need to set aside to meet your obligations. Once you have established what your spending limit is then you can decide more clearly just how much you can put on your credit card without breaking your budget. By following this simple step you will never have to wonder about paying for purchases with your credit card.

How to use a credit card

Knowing how to effectively use a credit card is something that can only be learned through experience. The lucky ones are those who have been taught by their parents or concerned friends how to use a credit card wisely. The rest of us are left up to our own devices and let’s face it, most of us are green when is comes to handling our own money for the first time. A friend of mine in college racked up thousands of dollars worth of bills in her freshman year. Her part time job was insufficient to cover her monthly bills and she tarnished her credit rating for the next ten years. Even years after she had finally repaid all her bills she still had to have her parent’s co-sign an apartment lease for her because the landlord would not accept her as a tenant otherwise. She is now much older and much wiser. However, the learning experience was a bitter one. Using a credit card to your advantage means using it for emergencies or purchasing only to a set amount – an amount that you know you can safely pay off in full at the end of the month. Carrying a balance on your credit card is never a good thing because all that does is make money for the credit card companies. Sometimes it is unavoidable and you will be forced to put a big amount on your card. In such instances strive to put as much money toward paying off the debt as soon as possible. Only making the minimum payment is the best way to extend the life of your debt. Minimum payments will cause you to pay double and sometimes triple the original debt amount before you finally pay off the balance. Such a practice benefits no one except the bottom line of the credit card companies. When it comes to making a credit card purchase, always remember that you will have to pay for it later.

Are You Ready For a Credit Card

While growing up I used to wonder what all those cards my mother had in her wallet were. I used to pretend to have a wallet full of important looking cards and I couldn’t wait for the day when I too could walk around purchasing things using this tiny piece of colorful plastic. When I was old enough to apply a credit card I was no longer sure that I was ready to own a credit card. Why? For the simple fact that I was still in college and had no real means for paying back any balance that I was likely to incur on the credit card. Knowing whether you are ready to own a credit card involves knowing yourself and how well you are able to control your finances and spending impulses. Are you able to save your money and make cash purchases while still maintaining a substantial bank balance? Are you looking to start building your credit history? Do you have a steady means of income that can help you make monthly payments? Are you currently living beyond your means? Depending on how you answered these questions will reveal whether or not you are ready to own a credit card. In general someone should have a steady stream of income before they starting looking to own a credit card. Actually having a job is a must. Credit card companies need some kind of reassurance that you will be able to repay your debts. Being able to manage money is also imperative since it is all too easy for credit card debt to get out of control. Having the discipline to know exactly how much you can afford to put on your credit card so that you do not have a problem paying off your monthly balance is also crucial. Otherwise, instead of creating a good credit history you will rack up negative remarks that can harm your chances of securing loans for big ticket items later on in life. Overall, you will know when you are ready for a credit card – so long as you know yourself and understand that credit is a big responsibility that can be a boon as well as a bane.

Gold and platinum credit cards

Among credit cards nothing says prestige better than whipping out a gold or platinum card. I had a friend once who felt the full force of that power one day when she went to fill up gas at a full service gas station. When the attendant took her gold card from her his attitude immediately changed from one of indifference to one of deference. According to her the change was striking and made her feel just that much closer to royalty than to the thronging masses. Of course, that feeling of elation lasted for as long as her card was out and she pulled away from the gas pump only to get stuck in a one hour traffic jam. Royalty almost definitely didn’t have to put up with that! But seriously, gold and platinum credit cards are good to have for many reasons, not the least being their privileged status. They offer cardholders many perks not offered to the plebeians. Theirs include high credit limits, 24 hour customer service, lost or stolen cards are replaced within a day, emergency cash advances, emergency road side assistance, insurance packages and so much more. Some gold and platinum cards even offer cardholders privileged rates on hotel rooms, car rentals and air line reservations. Why do these gold and platinum credit cards offer such a range of services to their members? Well, most likely they are a reward for an excellent credit rating and as an incentive to spend more thus creating larger profits for the credit card companies. For those who have an excellent credit rating and are eligible for these premium cards, they are well worth their weight in gold… or platinum!

Protecting your credit card

With online shopping becoming more and more common, people are also more conscious of the possibility of credit card fraud. There are some simple ways to protect your credit card while shopping either online or in person. Here are some quick tips: Always shop on a reputable site. When purchasing an item online always check the lower left hand corner of the screen where you would be inserting your credit card number to make sure that there is a padlocked icon. This icon indicates that your information will be scrambled before transmitting. Always print out the confirmation sheet of your transaction. This will serve as your receipt. If you do not own a printer then make sure to save it on your hard drive. Always read the security and privacy sections of the site where you plan to purchase something before you make a purchase. Never under any circumstances should you ever send your credit card number to anyone by email. If you think your credit card has been compromised you should report it to your credit card company immediately. Other ways of protecting your credit cards include: Always keeping a list of all your credit cards along with their numbers in a safe place at home. Be sure to shred all your old account statements and receipts before putting them in the trash. Cut up old credit cards as soon as you receive a replacement. Never give your credit card number to anyone over the phone. Sign your name on replacement cards as soon as you get them. Never divulge your personal information to anyone. Do not use your credit card number as a means of identification, use a driver’s license. You should report any billing errors or lost or stolen cards as soon as the discovery is made. By following these simple and common sense guidelines, you will be able to protect your credit card from fraud.

Differences between secured and unsecured credit cards

Secured credit cards are especially attractive for those people either looking to build their credit history or looking to re-build their credit history. With periodic reporting to the credit bureau, secured credit cards can go a long way towards re-establishing a creditor’s confidence in a prospective borrower. There is a good selection now available of secured credit cards. Some secured credit cards even offer no fees, which is particularly useful if you are trying to re-establish your credit rating, although no fees is something that will make anyone smile. Secured credit cards are also very convenient when making online purchases, hotel reservations, car rentals or airline reservations as most businesses require a credit card to hold a person’s reservation. Unlike secured credit cards where you generally have to put a security deposit amount down on the card upfront, unsecured credit cards do not require such a payment initially. Unsecured credit cards are great because of the flexibility and freedom they offer users. However, acquiring an unsecured credit card means having a good to excellent credit history and excellent credit rating. There is a very wide variety of unsecured credit cards to choose from and although they demand a good credit rating to obtain one, this is the credit card employed by the majority of the general population. The difference between secured and unsecured credit cards is really the security deposit required by one and not the other – especially now with the competitive rates and privileges that are offered by both types of card. Unless necessitated by a poor credit rating – the choice of a secured or unsecured credit card is entirely up to you!