Get A Credit Card - Credit Card Services Section

Welcome to Get A Credit Card

Credit Card Services Article

Christine Breen

You're probably thinking "Tell me something I don't know" but in this time of low interest rates you might be thinking that you've got a great deal since credit card interest rates are low. Wrong. Credit card companies have a cutoff as to how low their interest rates will go. So when interest rates are low for lending, that doesn't mean your credit card rate will be low as well. If you don't know, or aren't sure, if your credit card company has a minimum interest rate just look at the fine print on your next credit card bill. If you can't read that small of print, and most of us can't, give the customer service a call. If your credit card company does have a minimum interest rate then I'd plan to look around and go with the credit card companies that don't. Because when the interst rates drop, you should get a break on your credit card rate.

The fixed rate on credit cards actually rose in the last twelve months. Why? Because the credit card companies have been actually losing money due to record numbers of delinquencies and bankruptcies. Those who can't pay now for their purchases in the past are sticking their bill to the rest of the credit card holders.

So you may think that you want to get that credit card insurance being pushed by credit card companies that will pay your bill if you become disabled or unemployed. Not so fast. The average payout on a credit insurance policy is 30-50%. The National Association of Insurance Commissions actually recommends a payout of at least 60%. Payouts for debt cancellation and debt suspension is in the 1-3% range. That's definitely not worth the premiums. Get enough regular life insurance and disability insurance to cover your debt as their premiums are much cheaper and have greater payouts.

Beware of a credit card company trick that I recently ran into. I mailed a payment a week early but yet was still charged a late fee. Impossible I say. I found out the payment had to be in the credit card company's processing center by a certain time on the due date. Think of my credit card payment making it's way through the mail, to a P.O. box, then getting picked up, sorted, sent to the processing center, opened and recorded. And this has to be done by a certain date on the due date. Ouch. I suggest mailing in your payment at least two weeks early.

Christine Breen is the owner of the website www.1stop-creditcards.com which helps consumers learn about credit cards and find a card to work for them.

Credit Card Services News

credit card services

by Sean O'Grady Here's some "big picture" numbers on the state of the world's financial system. According to ING, the total value of assets written down by Planet Earth's big banks is $502bn. The total value of capital raised by the same: $351bn ...

Read more

---

Credit Crunch: The End of the Beginning? - BusinessWeek

TOKYO : Mitsubishi UFJ Financial Group will spend over $910 million to raise its stake in consumer lender Acom to more than a third, two people in the financial industry with direct knowledge of the deal said Thursday. The move would increase its ...

Read more

---

Mitsubishi UFJ expected to raise stake in Acom - International Herald Tribune

Ixia(TM) (NASDAQ: XXIA), a leading, global provider of IP performance test systems, today announced that it is offering a long-term leasing option to its customers, enabling them to conserve capital budgets even as they upgrade their testing ...

Read more

---

Ixia Announces Long-Term Leasing Program to Help Customers Conserve ... - Forbes

DALLAS -- With Christmas just four months away credit counselors say now is the time to start planning and saving money. "Four months out is the perfect time to think about what you can afford," Todd Mark with Consumer Credit Counseling Service of ...

Read more

---

Credit Counselors Say Start Christmas Planning Now - NBC5i.com

Nearly one in five people who share credit card accounts say use of the accounts has sparked arguments with the other person, according to a new CreditCards.com poll. The amount of personal conflict greatly increases when shared account holders are ...

Read more

---

Be Prepared for Arguments and Snooping When Sharing Credit Card ... - Forbes

A HEARING in which attorneys for convicted murderer Charles Dean Hood will raise conflict of interest concerns involving the judge that sentenced him to die has been scheduled for two days after Hood is to be executed, one of his attorneys said ...

Read more

---

Appeal to be heard after execution - News.com.au

The Canadian-based economy-fare airline suspended operations on Thursday, grounding all aircraft and canceling its flights, and said it will file for bankruptcy in Canada and the United Kingdom. The airline had been serving Lindbergh Field with twice ...

Read more

---

Zoom Airlines grounds planes, will file for bankruptcy - San Diego Union-Tribune

Democratic presidential candidate, Sen. Barack Obama, D-Ill., speaks after making a surprise visit to the Illinois women's delegation luncheon in Denver Thursday, Aug. 28, 2008. DENVER -- Barack Obama, launching his historic fall campaign for the ...

Read more

---

Obama says he'll 'fix broken politics' - Miami Herald

Banks are going slow on the sale of credit cards as rising interests and inflation have made many customers miss payment deadlines, and, in some cases, even default. Payment irregularities among customers "have been on the rise for nine to 12 months ...

Read more

---

Defaulters’ fault: Getting a credit card just got tougher - Hindustan Times

St. Clair Shores is going the way of credit card companies and retail outlets by offering cash-back bonuses and shopping discounts to customers loyal to certain businesses within city limits. The Gotta H.AVE Gift and Rewards Card -- a reference to ...

Read more

---