The popularity and usage of Credit cards is increasing day by day, as they are able to offer much needed financial effectiveness, promptness and safety. The credit cards have become an easy means of undertaking online purchases.
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From the category archives:
Credit Card Basics
There are people who have bad credit rating and also have not good repayment history. You have often met such credit card defaulters. Financial institutions plan lots of trick to cope with such people.
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By law, credit card companies are obligated to disclose their fee schedules to consumers. The trouble is that the calculations of these fees and finance charges are often mentioned in the fine print of the account disclosure statement that you receive when you first open your credit card account. In this case, you can suffer from…
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A continued increase in delinquencies for U.S. credit-card customers in August has been reported by Capital One Financial Corp. (COF), but charge-off levels…
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By the New rules some protection against sudden interest rate hikes and payment changes are being given to credit card holders.It would be starting from Thursday, before raising their interest rates credit card companies would give you…
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In my previous post I have discussed few parts of your monthly credit card statement and here in this article I am explaining the rest of them.if a balance is carried by you then you usually don’t have a grace period, and on new purchases interest accrues immediately. There is also a lack of grace periods for cash advances and balance transfers. For details…
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I can describe Credit card statements as the ultimate math-class word problem. If there is one thing wrong and the bad mark will stay with you for a long time on your credit report.
For making it even more challenging, nearly every credit card posses a slightly different set of requirements and there is a little difference in your statement. So below I have explained all the different parts of card statements…
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According to a consumer advocacy group, the credit card rates have been raised by nation’s banks and they have increased their profit from lending to consumers in the first half of 2009. On Monday, The Pew Safe Credit Cards Project have said that…
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Each card agreement is different from the other, so here I will answer your questions in a more general way. A card issuer has got the right to change the interest rate of your credit card account by giving a notice in writing to the cardholder. Being a cardholder you have the right to refuse the new rate but…
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In this article I have explained that what will be the consequences if you exceed from credit card limit.
What happens when I charge my credit card over the limit?
If you charge your card over the limit then you will be socked with a hefty penalty fee. Commonly the over-the-limit fees charged by card company is [...]
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