Credit Cards Critic

• Home
• About

New Credit Card Book Released On Amazon!

February 1st, 2007    Subscribe To Our Feed

There’s a new book that’s all about helping people get out of credit card debt. Written by Alexander Daskaloff “Credit Card Debt” is quickly becoming one of the best guides for getting people out of credit card debt. Whether you are just a little bit behind in your payments or your on the verge of bankruptcy, this guide will be able to help you achieve financial solitude.

This is one of the best guides going around at the moment and it’s sure to help a lot of people. We give it 4/5 stars.

If you would like you pick up a copy of this amazing book or would like to read some more reviews about it, you can follow the below link straight to Amazon.com -
http://www.amazon.com/creditcardbook

Using Someone Elses Credit Card

January 25th, 2007    Subscribe To Our Feed

Are you someone who knows what it’s like to use someone elses credit card? If you are then you know that using someone elses credit card is illegal and should not be done, no matter the circumstance. This article will explain to you all the consequences of using someone elses credit card including the types of fines that you could come under and or possible jail time.

You will know that when using someone elses credit card you can have the opportunity to get away with it most of the time, however new technology has been invented that is capable of tracking where and when a credit card has been used illegally. This technology has helped to capture many people breaking the system and now using someone elses credit card has become much harder to get away with.

There are many things that you can do to prevent someone from using your credit card. The main one being that when you notice you credit card is missing, you can contact your credit card company and ask them to cancel your account. That way when the person who stole your credit card tries to use it to buy something, they won’t be able to.

So if you are thinking about using someone elses credit card take a second to think about the actions you are taking and the consequences involved is credit card fraud. Credit card fraud is one of the most often committed crimes in the US and most people caught doing this end up where they belong, in jail.

So you have lost your credit card and found out that someone else is using your credit card and they have already bought a whole bunch of stuff that has tallied into the thousands of dollars, what do you do? Well most companies allow you to take out insurance on your credit card so if you happen to find out someone has spent a great deal of money on your card and you have insurance, you may just be able to claim everything back if you are lucky.

Generally the amount of credit card fraud going on these days is beginning to drop as new technology comes in to protect people from this someone devastating crime. If you are someone who is thinking about using someone elses credit card, then I have one word for you, don’t! You may just end up in jail!

Small Business Credit Card - Which Business Credit Card?

March 15th, 2006    Subscribe To Our Feed

When you start a small business you will most likely need a credit card at some point and the best option is to actually go with a small business credit card.

The benefits of using a small business credit card are many. For example most small business credit cards will come with an interest free period which will work very well for your small business.

As the credit card is usually only for minor bills that are usually paid of very quickly. You’re business will incur no or very little interest.

This is just one small example of how a small business credit card can help your business.

Another way that you can benefit greatly is by using a credit card that gives you bonus points for purchasing things. As this is a business credit card you will more then likely be doing a lot of purchases on it and therefore building quite a lot of points.

This method is very good at giving your business a reward for spending money you would have spent anyway. It is like getting a little give every month just for doing business.

There are many other ways you can make the most out of your small business credit card but the important thing is making sure you select the best credit card for the job.

We have specifically reviewed the best small business credit cards to make your job a lot easier. You can see which cards come out best at Small Business Credit Card Review

Credit Cards Rewards & Non-Rewards

February 15th, 2006    Subscribe To Our Feed

Â

When selecting a credit card you should always look out for the Annual Percentage Rate, additional fees and of course rewards.

Non Reward Credit Cards

These types of credit cards will not reward you for making payments on time or even if you spending lots of money with our credit card. Instead they subsidise your bonus for other important things waving any interest charged for a particular period of time.

The two know types of non reward credit cards include offers with 0% APR intro rates. Usually only open to certain people with good credit history. This is a major bonus because you can spend and not pay it back for the period of 0% APR. However since its only an introductory offer you’ll have to revert back to the usual APR once the period is over.

The second type of non reward credit cards have lower than normal APR and this is ongoing.

Credit Cards With Rewards

If you’re more interested in getting a free Xbox or iPod instead of lower interst rates then credit cards with rewards are just the thing you need. If you always pay on time and want to get rewarded for it, then you’ll need a rewards credit card. However it will come with a slightly above the average interest rate but with the bonuses you’ll soon forget about it. Just always pay on time and you’ll be fine.

How To Compare Credit Card Interest Rates

February 15th, 2006    Subscribe To Our Feed

Sometimes if you don’t read the fine print you might find yourself signing up to a credit card with extremely high interest rates. And no body wants to pay extra when they can save.

The main secret to comparing credit cards is reading through the marketing material provided, visiting their website and looking around the internet for additional information.

Comparing Annual Percentage Rates (APR)

The most important aspect of comparing credit cards is the APR. APR or annual percentage rates is to do with the amount of interest you pay on your credit card if you don’t make the regular payments. APR’s differ depending on the credit card company and will also change depending on the nationally set interest rates and the individual’s credit rating. Comparing APR’s on different credit cards is fairly important when selecting credit cards.

When reading marketing material look out for the following

• APR Rates
• Billing Structures
• Additional Fees and how they are charged

Finding The APR

One of the best ways to find out what the APR rates on a particular card is to do a quick search on the internet. There should be a link on the credit card company website about APR and rates and other financial information and rates regarding the credit card.

Watch Out For Promotional Rates

If you see a really nice offer regarding low interest rates and special bonuses from a promotion of a credit card company, note that there might be a catch to it. Most promotional offers usually last for a couple of months and what this means is that when the offer ends you’ll be back to normal rates which in some cases are not worth going into. So make sure that the you’ll be happy with the usual rates before you take up any promotional offers on any credit card.

Lastly when comparing credit cards you should always compare APR’s of credit cards they you are considering along with activation fees and additional fees and benefits. You want to find the card with the lowest APR and fees possible. Don’t forget to look at promotional offers as well sometimes you might find something worth while.

Improve Your Credit Card Ratings

February 15th, 2006    Subscribe To Our Feed

If your currently in a troubled financial situation and facing bankruptcy or already bankrupted there is are still ways to get credit. Not everyone with a bad credit is totally at a disadvantage. Most people think that with bad credit it’ll be impossible to get low rates with financing however there are a few things you can do to improve your bad credit rating and lead yourself back to the path of ‘good credit.’

Bad Credit Cards

A person who does not have a credit history is usually classified in the same scenario as a person with a bad credit history. The main reason is if you don’t have a credit history the lender cannot identify your creditworthiness. For this simple reason, bad credit cards are designed specifically for people with no credit history and people with bad credit history.

Typically bad credit cards come in two forms, secured and unsecured. Secured cards usually require a deposit or down payment from the applicant before the issue of the card. An unsecured card will have no down payments however you’ll expect to have higher interest rates and major penalties if you miss a payment.

What To Do To Get Better Credit

If you’re looking to improve your credit history you’ll need to do a few things to prove to the lenders that you are worth of credit.

The easiest thing to do is spend money on your credit card like no tomorrow. However you’ll have to eventually pay it back. And how do you pay back what you own on time if you keep sending?

Rule #1 is to keep yourself from over spending. Each month set a side how much you can afford to spend and make sure you don’t spend over that amount. If you can’t pay your credit card on time that will make it look bad on you and it won’t help your credit history.

Rule #2 make sure you pay your credit card on time and keep in consistent. Just because you’ve been paying on time for the last 3 months doesn’t mean you can pay late on the 4^th month. This will not improve your credit history so keep the payments always on time.

Rule #3 once you’ve got a better credit history with you credit card company you’ll be able to start applying for additional cards from other credit card companies. However you’ll need to make sure you don’t simply apply everywhere. In general only apply for credit cards at a maximum of 2 times a year. Credit card companies will know if you’ve applied for 10 credit cards in a year and they’ll think twice before they approve your application.

If you stick to the 3 rules you’ll be back on track to getting your credit history to normal. Don’t over spend and you’ll be fine, pay on time you you’ll get credit points. Just be patient and you’ll soon get all the credit you need.

« Previous Page —

Copyright © 2007 Credit Cards Critic

Credits: Make Money Online | Matteo Turchetto | Andreas Viklund