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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.

[04:39:19 AM Monday, April 28, 2008]
If you happen to be a good cardholder, most obviously your mailbox is full of mailings from card companies. Oddly enough, the majority of those people with good and excellent credit score are not so much interested in these credit offers, as they can easily make great credit card deals online rather than responding to these mailings. If you are sick and tired of a thick bunch of pre-approved credit card offers, you have all the chances to stop these mailings. Read on and you will learn how you can stop receiving annoying mailings from credit card companies and banks.
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[04:40:11 AM Monday, May 12, 2008]
Like any other businesses, credit card companies have their sources of revenues, i.e. interests, and fees. According to Wall Street Journal, credit companies' revenues from fees increased by 41% over the last four years. Now, it is $18.1 billion compared with $17.2 billion last year. Since 2003, there's a 41% increase in fee revenues. Meaning, for banks and companies, credit card fees provide a steady growth of income. Today, fees account for approximately 40% of the total revenue for card issuers. Now, customers notice not only increases in credit fees but also the appearance of some new fees for things that never had them before.
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[04:58:39 AM Monday, May 26, 2008]
These days, lenders prefer to deal with borrowers whose credit is near to perfect, i.e. good and excellent. This news comes as no surprise due to the credit crunch and its negative effects on credit card industry. That's the reason why more and more customers turn to credit repair companies in order to improve their credit score as quickly as possible.
It's definitely tempting to boost your score in no time, and obtain a loan with much better rates! However, credit clinics may have bad medicine, especially in view of the fact that today you can easily find the company that promise to rehabilitate your spoiled credit and bring you back to life. The choice of the company is crucial - you may get all or nothing.
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[05:49:38 AM Monday, June 09, 2008]
We must accept the truth that we, consumers, love cash backs. We like discounts, sales, promotional products, and a small cash back card is that very thing that makes us feel better when doing credit shopping.
The current research has shown that approximately 60% of rewards credit cardholders give preference to cash back plastics. Largest issuers offer cash back credit products of all shapes and sizes. To choose the best cash back card seems quite easy. Let's take a closer look at cash back cards available in the credit market and analyze their features!
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[05:05:52 AM Monday, June 23, 2008]
Summer heat and the spirit of family vacations inspire card issuers and their partners offer new credit deals. Plan an overseas trip? Review hot credit deals and discover how much you can save this summer!
Virgin Atlantic Airways, the company that happen to be one of the major long-haul carriers in the US, has teamed up with Bank of America to launch a new frequent flyer credit card. The Virgin Atlantic American Express credit card has all the chances to become one of the most popular airmiles plastics in today's credit card market. Customers can review two versions of this card, they are black and white. Learn more about this credit offer from Bank of America!
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[05:44:21 AM Monday, July 07, 2008]
Ideally we all would love to live without credit debts and frustration of spending much more than we can actually afford. However, real life is far from imaginary, and distressing situations associated with credit do occur in our daily life.
Consumer confidence with the economy fell to 50.4, more than expected. You need not to be a financial expert to explain what's so depressing about the economy. It's enough to look at gas prices and living costs. If you find it difficult to keep up with monthly payments, and your credit debts get out of control it may be the best time to take control of your credit card spending.
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[04:07:41 AM Monday, July 21, 2008]
It looks like scary stories about students who graduate with big debts will soon be a thing of the past. According to the research by Student Monitor, the average balance on student credit cards is down 19% compared with last year.
It's no secret that college students are a very appealing target for credit companies, even despite of a weak economy and subprime mortgage crisis. The reason for this is quite obvious, lenders try to build a productive relationship with young clients to keep them loyal when students are still in college. Read more about student credit card statistics!
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[06:01:48 AM Monday, August 04, 2008]
The House Financial Services Committee supported the Credit Card Bill of Rights, introduced and sponsored by Carolyn Maloney. The panel voted 39 in favor and 27 against the legislation that would ban or restrict predatory credit card practices such as interest rate hikes and exorbitant penalty charges.
The subprime mortgage crisis can be a good lesson to learn from, the US economy is still weak after the housing bubble crash. And consumer advocates believe that abusive credit practices will continue without credit card legislation. Learn more about credit legislation hearings.
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Last Immediate

I am on permanent disability and I owe on a credit card. Are they supposed to be charging me interest on it even now the card is inactive or are they supposed to just be charging on what I owe?
Thank you for your help

Answer:

If you carry a balance on your card, the issuer will keep on charging you interest until you pay off the entire balance in full. Even if you don't use your card, you're supposed to pay down your account balance.

If you find it difficult to make the minimum payment on your card, you may call up your creditor and explain the situation. You should negotiate this problem with your lender. You may ask to lower your interest rate for a certain period of time, so that you will be able to pay down your balance. This way or another, you need to repay this debt.

› View all questions...
[April 10, 2009]
Avoid Credit Card Fees

There are many reasons why people apply for credit cards. Some want to have a supplementary source of income and instant access to funds. Others look for a convenient, fast and safe way to pay for goods and services. Yet others get credit cards for prestige reasons. No matter what your reason, owing a credit card is always associated with paying loads of fees, and it does not make a difference whether you are a prime or sub-prime borrower. So let’s have a look at some of the commonly charged credit card fees and situations when you may be charged them.

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[October 24, 2008]
Advantages of Credit Cards

When it comes to making new purchases, the most convenient way is to pay with credit cards. A customer needs to swipe a plastic card and the transaction takes less than half a minute. But convenience is not the only benefit plastics offer. When buying goods and services with plastic money, you take advantage of the powerful financial tool that provides multiple safety benefits to consumers. Learn what benefits your cards can give you and how to make the most of them!

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[October 07, 2008]
History of Credit Cards

Day by day, millions of customers all over the globe take advantage of small cards made of plastic. With these payment tools, they pay for products and services. Whatever you need to pay for - for the ride in taxi or for first-class airline tickets - credit cards will be of great use. Financial needs and wants of modern customers may differ greatly, but they all can be united with a single payment tool.

Plastic money has simplified our lives, but have you ever wondered how it was originated and whose idea it actually was? Read more about the history of credit cards!

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[September 23, 2008]
Credit Dos and Don'ts

Most rules are designed for safety and social order. They help us avoid dangerous situations and what's more importantly, unintended consequences that may arise as the result of our actions. It's also true when it comes to borrowing. The credit industry has also certain dos and don'ts, awards and penalties. When following these rules, you may achieve financial success and stay away from heavy debts. Read more about dos and don'ts of smart credit use and learn how to make the most of your plastic money deals!

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