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[Thursday, November 06, 2008]
Good news for American borrowers - this Wednesday major U.S. banks began lowering their prime interest rates in tandem with the Fed fund rate reductions. The prime interest rate has dropped to a four-year low 4.0 percent from 4.50 percent. The prime rate is the most common underlying index for most credit cards and other loans. It means that banks and lending companies can lower interest rates to their best customers. JPMorgan Chase and Bank of America were the first to announce lending rate cuts, other banks are likely to follow this trend.
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[Thursday, October 16, 2008]
According to the latest survey conducted by Standard and Poor's, American consumers experience difficulties when managing their personal debts. Due to economic hardships such as falling home prices and rising inflation, more and more consumers turn to credit cards. But the problem is, plastics are mostly used as the source of cash, rather than its substitute. About 10% of US consumers make more cash withdrawals to receive cold cash and it leads them to heavy debts. Read more about credit debt and the ways to reduce it!
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[Monday, September 29, 2008]
Judging by the results of a new report, the number of contactless card users grows steadily. More and more customers take advantage of so-called wave cards that enable users to swipe their plastics over the reader and thus speed up the process of making new purchases with a card. The great thing about these plastics is that the transaction takes no more than half a second.
The study shows that over 90% of contactless card users find the process fast and easy. In addition to that, customers are satisfied with the acceptance of these plastics at various merchant locations.
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[Thursday, September 18, 2008]
Those people who start building their credit history from scratch know how important a FICO score is. Weird as it may sound, but this three-digit number that can range from 300 to 850 seems to play a great role in our financial lives. You could be a good, excellent or a bad cardholder depending on this very score.
Your FICO score is used by a vast majority of lending institutions to estimate your trustworthiness and their risks. And what's more importantly, interest rates and fees on the loans you apply for will be set on strength of your score rating. No wonder why every credit user tries to build a high score rating. By knowing how your card use affects your score rating, you can establish and maintain good credit and get best rates on offer.
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[Monday, September 01, 2008]
It's no secret that a great number of consumers prefer doing shopping on the Internet. The convenience of online shopping is obvious - it saves time and money. And what about security? Can you feel absolutely safe when purchasing products online?
According to the survey, the biggest risk for online shoppers can be so-called phishing sites. By clicking on a link, you may have no idea that this web resource is run by crooks whose goal is to get your personal information. The question is, how to shop online safely? Learn how to protect your identity while shopping online with simple steps!
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a business credit card from AmEx
Answer:
Visit our Business Credit Cards page at CreditCardsSpecialist.com, compare the business credit card offers side by side, make your choice and apply online.
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