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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.

Beware of gift card and its hazards


Gift cards are popular during festive season, and most people find this a convenient gifting option. However, they come with high fees, and other hazards that make them pretty worthless. It is worthwhile to check out the card`s features before using it. Most often, retailers as well as banks charge fees on the gift cards that remain unused. Gift cards also come with an expiry date, thus rendering them useless. Both the federal as well as state rules will offer consumers some protection from these provisions, but it is still better to be on the side of caution say the Consumers` Union.

The best thing to do with a gift card would be to spend it or use it right away. It has also been suggested that givers must consider all the options, while giving a gift card, and see if it is worthwhile to give that gift card to the person, or if giving cash or check is a much more worthwhile option instead of downing money in a gift card.

The fees that are charged on these gift cards can actually eat into the value of the card. These gift cards would become useless if the retailer decides to file for bankruptcy, and if the card holder does not make timely claims with the courts in case of bankruptcy.

As per the new rules, gift cards carry no expiry date for the first five years, but consumers have to be careful if they have used part of the card`s value on purchases.

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[Sunday, December 18, 2011]
Chase Bank recently announced the redesign of its Visa credit cards - allowing more space on the front for the Chase logo. This new design is in trial mode currently but Visa has pans to roll out its new design to other financial institutions in order to increase the branding and logo visibility of the individual issuing banks.
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[Friday, October 28, 2011]
Debit and credit: they`re both plastic, why not consolidate them? The Cinncinati-based Fifth Third Bank, is the first to offer the DuoMasterCard which consolidates both a checking and a credit card account into one card.
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[Wednesday, September 21, 2011]
It really pays when you do the right thing. Take credit cards for instance, having a clean credit profile really does help. Those who managed to maintain a squeaky clean credit report during the recession can now jump with joy, as they will get some of the best deals from credit card issuers.
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