That offer to transfer your chargecard account balances sounds like a pretty good deal, doesn’t it? And it is, until you take out your magnifying glass and start reading all the fine print that goes along with the offer. What a lot of consumers don’t realize is that the lender making such an unbelievable offer [...]
Posts Tagged ‘Credit Cards’
December 3rd, 2009
Secured Credit Cards
Posted in Credit Cards 
Tags: bad credit history, Compare Credit Cards, Credit Cards, Personal Finance, Secured Credit Card
Tags: bad credit history, Compare Credit Cards, Credit Cards, Personal Finance, Secured Credit CardFor this type of credit card the card holder secures the card through a deposit account. Normally, the card holder must put between 100 and 200% of the amount of credit that they wish to receive. For example, if the card holder deposits 500 pounds into the account they will receive 500-1000 pounds credit depending [...]
December 3rd, 2009
What are Credit Cards
How do credit cards work?
Credit cards are almost always issued by banks. An agreement is made between the issuer of the credit card (bank/credit provider) and the card holder, of a pre-set credit limit. The user is then enabled to make purchases up to the credit limit provided. However, the agreement states that the card [...]
November 11th, 2009
Credit Card Security
Posted in Credit Cards Tags: credit card terminal, Credit Cards, Fraud, Grace Period, Personal Finance
Tags: credit card terminal, Credit Cards, Fraud, Grace Period, Personal FinanceFraud can pose a major threat to credit cards due to the low level of security of the credit card system. For example credit card numbers are stolen and used swiftly before they are deemed as stolen. Despite this worry, credit card companies aim not to eradicate it but to decrease it, so that both [...]
