Female’s Credit Card – Compare Female’s Credit Card and find out what’s very low balance and APR transfer credit cards.
Have you ever thought about why you get credit card offers in mail each time you have not even made a request for it. If the name of yours and address is in information system that is public than now you should have received a number of credit cards offers. Each giving much better offer than other competing credit card company.
With plenty of information to process will lead to confusion and wrong acceptance of credit cards. Selecting a right credit card is a tough job, it needs good scrutiny and careful analysis of fine points written in small fonts. Special attention must be provided to credit card rates, when new higher rates will apply. Give importance to reading terms and conditions of credit cards. You are going to get brand new understanding of exactly how credit cards work. Before you begin applying credit cards you have to know few important terms used in credit card. By realizing these terms are going to help you applying for a proper credit card.
As you know small plastic card known as credit card is in dimension of 85.60 X 53.98 mm. As the name suggest you get moneyon credit or you get things in market on credit. The credit card differs from Debit card because when you make purchase by making use of your credit card it does not remove money from your bank account. where as when you do purchase using Debit card it removes money from your bank account after every transaction you make.
When you make transaction using credit card the credit card company lends money to merchant in which you did shopping. Usually you get one billing cycle money on credit without any interest being charged to you.
All is expected from you is to pay full balance before date that is due to avoid interest charges. Just in case you have made big purchase which you can pay in full in one month, try paying off balance as soon you can to stay away from a lot more interest charges. If you are unable to pay cash back to credit card company please ensure you pay a minimum of minimum balance required by date which is due. Usually this amount is little and it will help you to preserve your account in standing which is good. Ideally this option should be stayed away from as it will pile interest amount on your borrowed amount and really quickly your borrowed money will start swelling.
Credit card company issues credit card to user after his/her request for application has been approved.
Every credit card company is going to set credit limit for each customer based on his/her credit strength The credit card user will make purchases by using issued credit card.
The credit card on average is in dimension of 85.60 x 53.98 mm
Every credit card has number written on it by which your account is identified.
Several of the known credit card companies: Chase – Bank of America – Citigroup – Wells Fargo – American express – discover etc. Practically every major bank issues its credit card to users.
When you make purchase at any merchant you sign a small receipt acknowledging you are going to pay exact same amount to the credit card company of yours.
Few of the transactions can be done over phone, including airlines and hotel booking, by giving your credit card number and expiration date etc. Please be care full when making such transactions. Ensure you do such transactions with trusted parties.
Just about all store or merchants owners have credit card verification system, while you swipe the card of yours for payment it is checked in background for fraud or even missing card status.The credit card payment terminal or Point of Sale (POS) system helps store owners to do verification with issuing credit card company’s system.
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The security code of credit card is printed on back of credit card.
Each month credit card company will send monthly statement to credit card users. The statement will include details of transaction made by credit card user. The key details will be visible that include day of transaction, merchant’s name, amount paid etc. This information really helps to cross verify purchases made with amount charged on credit card.
The credit card statement also gives additional info like billing cycle, date that is due (payment date), complete balance and minimum payment you are able to make.
The grace period will be the number of days to make payment to credit card company from the day he/she made purchase.
The credit card companies form associations and many bank become member of these credit card associations. The known associations are VISA, MASTERCARD,DISCOVER, AMERICAN EXPRESS etc.
Electronic transaction processing network, which allow electronic transaction to work through secure system. The following are not many companies which are in this business. NDC Atlanta, Vital, Paymentech, Omaha, Nabanco, Cardnet, Nova, VisaNet and Concord EFSnet.
Secure credit card: Some credit card companies issues secure credit card after applicant has deposited 10 % of credit limit into his/her account. This account type is for new users with hardly any credit history to show.
Pre-Paid Credit Card: This’s not actually a credit card, because no amount is borrowed from lender. This sort of credit card is used by students when their parents deposit required amount into account for their shopping. This particular kind of credit card comes with VISA/MASTECARD logo thus is called pre paid credit card
Security of credit card is dependent upon the number on credit card. Not too many merchants will allow certain types of sale by just getting credit card number. Ensure you don’t compromise security of credit card.
You are able to also withdraw money through credit card at ATM’s using your secure pin number Annual percentage rate (APR): Learn what’s APR and just how it’s calculated.The annual percentage rate would be the interest you’ll be spending on borrowed funds to lender.
The APR rate applicable to the account of yours is going to differ from the rate that was given as introductory, partially because of few month introduction rate along with other fees get added to final interest calculation.
In easy terms APR is monthly interest multiplied by 12 months will lead to annual APR rate. This assumes there’s no other fees involved.
Balance transfer: Why would you transfer debit amount in your credit card to other card. the reason can be better interest rate and terms. several of the credit card companies give introductory offers such as no interest on balance transfer for six months to 2 years.
These offers are good when you’re paying high interest rate or you have high balance on credit cards and you’re looking for cooling period to fix your debits.
How crucial is to preserve your Credit Card
This small plastic card which you carry in your wallet is very precious somewhat more than your jewelry you wear on the body of yours. The security of credit card must be taken very seriously. Once the credit card of yours is stolen, the account of yours info is known to others, it will take excellent time before you will get those charged removed from your bank account.
Meanwhile your credit rating is going to take hit if there’s big charge on the credit card of yours and you’re unable to settle those charges. take every effort to safe guard security of your on line security and identity of credit card.
Few security tips: Always keep your credit card in place that is secure when not using.
Do not reveal your credit card numbers to others.
Attempt to avoid giving the credit card information of yours on phone.
Any loss of credit card should be immediately informed to issuing credit card company.
In case you’re using on line access to check out your credit card account, please use secure methods to protect your identity and credit card etails.
Install “fire wall” and good spyware and virus scanner on the laptop of yours.
Change your on-line account passwords periodically.
Never use public computers to access on line accounts.