"Our Age of Anxiety is, in great part, the result of trying to do today's jobs with yesterday's tools."Marshall McLuhan
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Business Credit Cards - An Introduction
Every major credit card company provides business credit cards. Amex, Visa, Advanta, MasterCard, Chase Manhattan Bank, Citibank, HSBC Bank, Discover, etc are some of the companies that provide business credit card products. Business credit cards ...
How many Credit Cards do I need?
Using a credit card has become a very common way for a family to pay for the items it needs and wants. According to CardWeb.com, a firm that tracks the credit industry, the typical American family of four carries about $8,100 in installment debt-most ...
Use Credit Cards Online - Is It Safe?
How many times will you use your credit cards online this year? During the holidays, for birthdays, for that excellent deal that you just could not get to the store to purchase. All these instances add up quickly. From time to time you begin to ...
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A credit card is primarily a convenient payment mechanism. It is not intended to be a long term credit facility. Should you require long-term financing, you may wish to consider alternative financial products.
5 Questions you should ask yourself-
1. Why am I applying for this card?
2. Can I pay for the purchases in full each month? Or do I intend to pay the minimum sum required and rollover my payment?
3. If I do rollover my payments, do I have the capacity to pay the accompanying charges?
4. Do I understand the terms and conditions for the use of the card? For example, do I know what are the various fees, interest, finance charges and penalties that accompany the use of the credit card?
5. What action can the bank take if I fail to settle my overdue payment?
10 Questions you should ask the bank:
Membership Fees 1. When will the promotional free membership period, if any, expire? What is the fee I will have to pay after the expiry period?
Payment 2. What is the minimum amount I have to pay each month?
3. How much interest do I have to pay on the outstanding amount?
4. If I do not make the minimum payment for one month, what are all the interest and other charges that I will have to pay?
5. What are the charges I will incur if my payment, either by cheque or GIRO, is returned for whatever reasons?
Cash Advances 6. If I take a cash advance from my credit card line, what are the charges that I will have to pay?
Loss of Credit Card 7. If I lose my credit card, what must I do?
8. If I lose my credit card, what are my liabilities for unauthorized purchases?
Credit Limit 9. What is my credit limit?
Changes in Terms and Conditions 10. If there are any changes in the terms and conditions of the use of the card, will I be informed of these changes? If do, when will I be informed of these changes?
About the Author
Gordon Goh is the owner of http://www.Easy-Credit-Card-Guide.com offering free credit card and http://www.free--credit--card.com providing free credit card guide and related information for everyone.
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Discover CFO: Interested In Private-Label Card BusinessWall Street JournalBy Andrew R. Johnson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Discover Financial Services (DFS) is interested in getting into the private-label credit-card business, Chief Financial Officer Mark Graf said, noting the lender "took a look" at HSBC ...and more » |
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Moody's: US Credit Card Charge-Offs Rose In AprilWall Street JournalThe charge-off rate for US credit cards rose in April, mostly caused by a significant increase in charge-offs from the Citibank trust, Moody's Investors Service said. Charge-offs, or loans that lenders don't expect they will be able to collect, ... |
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Stay at Home Moms Face Credit Card ChallengesForbesA 2009 credit card law, the Card Act, made changes to how people can qualify for credit cards. Under the act, a person can only qualify for a credit card based on their own income, not the household income. This was designed to prevent people from ... |
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