Apply for Credit Cards

Posted on Thursday, 28th April 2011 by Sarah Sullivan

A cash back bonus credit card with rotating categories offers a percentage back in certain categories that are determined by the card issuer. One way issuers offer this is by having rotating categories which change periodically, for example each quarter. If a credit card refers to rotating categories, the card offers extra rewards for purchases made in the assigned category of that quarter. Different categories consist of grocery stores, drugstores, gas, hotels, airfare, home improvement, charities, restaurants, department stores, movie theaters, health care, fitness, amusement parks, etc.

For example, the Discover More card offers a 1% cash back bonus for any purchase made with your Discover card.

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Tags: Credit Card, Offer
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Posted on Thursday, 28th April 2011 by Timothy Bell

Customers of Bank of America Corp. may experience a massive increase in credit card penalties, according to an announcement made by a company spokeswoman on Tuesday. The spokesperson said the major card issuer plans to hike penalty interest rates to as much as 30 percent for customers who miss payments in the coming months.

Bank Increases Penalty Rate to Compensate for Lost Revenue

In order to compensate for a large decline in revenue so far in 2011, Bank of America is making changes that could have a huge effect on its customers. S

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Tags: Card Penalties, Credit Card, Credit Card Penalties, Customers
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Posted on Tuesday, 26th April 2011 by Heather Powell

The Credit Repair Organizations Act, or CROA, has protected consumers against unfair business practices by fraudulent credit repair organizations since 1996. However, some consumers still fall prey to advertising scams that promise to fix credit and wipe credit reports clean of negative marks.

But when it comes to repairing your credit, there’s never a quick fix. Credit repair, whether you do it yourself or you enlist the aid of a credit counselor, can take a long time and a lot of patience. W

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Tags: Credit Repair, Repair
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Posted on Sunday, 24th April 2011 by Rebecca Ortiz

For the novice or aspiring cardholder, credit card applications and offers can be quite confusing, considering all of the seemingly esoteric terminology used by financial institutions. Without the proper understanding of the terminology, cardholders can be persuaded into applying for credit cards that charge unfair fees and interest rates. Before applying for a card, applicants should understand the following important credit card terminology:

Balance

Since credit cards are actually ongoing loans, the term “balance” can be somewhat confusing, as the money within the credit card account does not technically belong to the cardholder. The

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Tags: Card, Credit Card
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Posted on Sunday, 24th April 2011 by Sarah Sullivan

PlayStation owners in Australia may want to go online to compare credit cards after the New South Wales (NSW) Police fraud squad warned customers to cancel their plastic.

Sony revealed that hackers stole personal data, which may have included credit card details, for up to 77 million people.

Among the details taken were names, addresses, email addresses, birthdates, passwords and logins.

NSW police detective superintendent Col Dyson told the Sydney Morning Herald that with enough information, fraudsters could do almost anything that a legitimate person could.

“Personal or financial information is a valuable commodity and generally these days we find organised groups harvesting information and then selling it to other groups to use,” he warned.

Those affected by the security breach may want to consider taking the opportunity to compare credit cards and opt for a different deal.

This comes after Police Credit Union marketing manager Christie Brock told Your Mortgage that people buying goods online should take care to protect their details.

Have a question about credit cards?

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Tags: Cards, Credit Cards
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Posted on Friday, 22nd April 2011 by Timothy Bell

What was it Jack Nicholson said? “You can’t handle the truth!”

No, the truth about student credit cards isn’t all that drastic, I promise! Credit is a fact of life; everyone needs it if they want to get what they need. Yes, that even includes a job. So, having a student credit card is not a bad thing because it is a necessity.

Wrong Reasons for Opening a Student Credit Card

Having said that, students need to be cautious when applying for a credit card for certain reasons. They shouldn’t apply for the one that gives away what they consider the coolest gift. You know

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Tags: Cards, Credit Cards, Student Credit, Student Credit Cards
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Posted on Thursday, 21st April 2011 by Rebecca Ortiz

As credit card companies compete heavily to solicit new customers by offering lower interest rates they have to find creative ways to recuperate some of the profits that they lose due to these lower interest charges. There are a plethora of different types of credit card fees that cardholders are subject to.

The following paragraphs outline five of the more common credit card fees which are likely to be encountered.

Late Payment Fees

Late payment penalties account for millions of dollars in charges, and no credit card is immune to them.

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Tags: Card, Credit Card
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