Archive for the ‘Credit Cards’ Category

How To Win the Retail Credit Card Game

How would you like to get a 15 percent rebate on your purchase today? Why not? But hold on before saying ‘yes,’ there may be some pitfalls on this way. With the average retail credit card APR at more than 23 percent, the savings from store discounts might get wiped out with any interest you […]

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The Fair Credit Billing Act

Correction of Billing Errors and Other Rregulations of the Fair Credit Billing Act This important piece of legislation is designed to give consumers a method of dealing with the errors in — or disputes about — billing that are almost certain to occur from time to time in credit card accounts. The difficulties can arise […]

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When to Pay Credit Card Bills

How To Optimise Your Credit Card Expenses? Although most credit card accounts carry the same annual interest rates, they do not all calculate monthly interest charges the same way. Consequently, consumers may find themselves paying differing amounts in interest on the same purchases. For example, if the interest is calculated on the basis of the […]

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Debit Cards

What Is A Debit Card? Debit cards are less common than credit cards, but?an increasing number of banks and savings institutions offer them now. You can use debit cards like credit cards in making purchases. However, unlike credit cards, which bill you later for the amount you have been charged, debit cards transfer your money […]

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Credit Cards

What Is A Bank Credit Card? Credit cards, whether issued by banks or other institutions, are another form of revolving credit. These cards entitle their holders to a predetermined maximum against which they may borrow, and the principal repaid is automatically restored to the credit line. You can use a credit card to pay for […]

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Lost Checks or Credit Cards

If you lose your checkbook and a check is forged in your name, you are generally not liable; it is the responsibility of the bank to know the depositor. Of course, it is in your own best interest to report the loss immediately to your bank. There are some special circumstances under which you might […]

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The Case of the Stolen EFT Card

A bank customer standing in line one evening to buy some theater tickets, discovered, when he got to the window, that his wallet was missing. In the jostling crowd, a professional pickpocket, Jimmy the Lift, had deftly removed the wallet, which contained several credit cards and a bank electronic fund transfer (EFT) card and personal […]

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An Automatic Teller Scam

The proliferation of automatic teller machines (ATM’s) prompted criminals to find ways to put them to their own use. One New York City bank, for example, placed pairs of ATM’s in the lobbies of its branches, along with a telephone linked to a clerk who answered questions about the new machines. A depositor wanting to […]

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Credit cards As A Mean Of Borrowing

The most common fallacy : Cheap credit cards is an easy way to borrow money. At the first glance, inexpensive credit cards seem to be an easy way of borrowing. But for some people they can be a far too easy way to get money and, in despite of common sence, a very costly one. […]

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Credit Cards – Brief Guide

Credit card is a small piece of plastic that holds information in a magnetic strip or microprocessor, used by banks or other business institutions in financial activities for deferring payment. I.e. credit card allows card holder to purchase goods and services and pay for them later, often with interest. Would you like to know how […]

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