Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Consumers with business credit card face tremendous risks

Wednesday, June 22, 2011

One of the nonprofit research groups actively studying the trends in the credit card industry has warned customers receiving emailers from banks for business credit cards to discard them without second thoughts. These are credit cards that are given out to various organizations such as sole proprietors, small business owners and other corporations to make the task of book keeping easier and differentiate between person and professional expenditure. However, banks today are marketing these business credit card offers to even individuals irrespective of whether they own a business or not.

While customers may feel thrilled about these cards being offered to them, banks have an ulterior motive in extending these offers to everyone and not just business owners. The implementation of the CARD Act in 2009 and 2010 placed a stop on many fees and charges that were helping banks generate revenue. Consumer credit cards were offered high level of protection and the entire credit card industry became more transparent in its operations.

But one of the major loopholes in the CARD Act is that the rules and regulations of this act are only applicable to consumer credit cards and not to business credit cards. Banks which were facing threats to reduced revenue to the CARD Act now found a way to make up for this loss. Banks and other financial institutions have started aggressively marketing business credit cards to almost every customer since they lack the protections that consumer credit cards enjoy. Since these cards do not have any limit of the late payment or the interest rate hikes, banks have an upper hand. Hence, customers with these cards are at greater financial peril and need to be more responsible about their business card usage.

Share Opinion:   digg   Furl   YahooMyWeb   Propeller   Reddit  
Comments not found

If you have something to say, please leave your comments below.

Your Name: *
Your Email:
Your Comment: *
Enter Number from Picture: * number

* - Required Fields Add Comment
[December 05, 2011]

In a time when banks have begun charging monthly debit fees, baby boomers may be able to find discounts based on their age and experience. Our research reveals some of the best checking accounts for consumers over 50 - and the best part is that they`re free!

Comments (0)
[October 12, 2011]

All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

Comments (0)
[September 07, 2011]

With the economic upheaval, obtaining a credit card seems a distant dream, especially if you fail to qualify for any credit card application. Nonetheless, turning into an authorized user, i.e. attaching yourself with a good-quality credit customer`s account and the consent to use it, would boost your credit scores swiftly, and jump start your credit history.

Comments (0)
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
We do our best to maintain the information accurate at However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that may be compensated by credit card issuers when visitors apply for a credit card through the links on this website., an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. does not present or review all available credit or financial offers.
Disclosure: Not an access card.