October 11, 2010
Contrary to popular belief, using most credit cards is about as safe as paying with cash. In fact, in some ways credit cards provide an added layer of security, through zero liability guarantees and insurance for purchased items. Even so, there are times when a merchant may charge the cardholder more than the appropriate amount, or unauthorized charges may be incurred. Disputing these suspicious charges is as simple as following these steps.
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June 2, 2010
Credit card penalties are one of the many reasons why American cardholders are continuously accumulating debt. Perhaps the most common credit card penalty is the late fee, which most people have had the misfortune of receiving. Understanding late fees is a crucial part of properly managing credit card balances. read more…
May 18, 2010
International transaction fees are fees that are charged to card users when they leave the United States.
Credit cards are very useful for international travel. Both VISA and MasterCard are accepted at almost 30 million locations around the world, and American Express is also accepted at a wide range of venues around the world. These credit cards are very useful in that they can pay out in the local currency and be billed in dollars; this can save in exchange fees for unused currency. Credit cards are also far more secure than cash, being easier to cancel and replace and with unauthorised credit card transactions being voided. read more…
April 11, 2010
An account set up fees is a fee that a credit card issuer can charge to set up the credit card.
Account set up fees do not tend to be charged on credit cards where there is a competitive market, so this can include low rate interest cards and silver cards. However when the card provider believes that they have an offering which is for any reason differentiated, then they can start to charge account set up fees. read more…
April 11, 2010
Credit cards can be used in ATMs, but there are some disadvantages.
Cash that is withdrawn from an ATM using a credit card counts as a cash advance. Cash advances are treated differently from other spending on credit cards. read more…
