A Credit Card With More Than Meets The Eye
With so many credit cards dominating the market these days,
people can no longer tell the difference between one card to
another. It all seems like a wide array of credit cards all
committed to provide the consumers with substantial means...
Credit Card Debt: How To Deal With It
Do you have a hard time paying your credit card bills? Starting
to get notices from waiting creditors to pay? Worried that you
might lose your properties like your house because of credit
debt? Chin up: Dealing with credit card debt is not as...
Fast Bad Credit
"Often, bad credit puts one in a financial quicksand. It is hard to come out of and unless you have a good plan in place, you will see yourself drowning. You have one sure shot option though - avail of the bad credit loans through Vipcredit.com....
How Does a Creditor Determine Whether to Grant You Credit?
Credit 101
How does a creditor determine whether to grant you credit? For many years, creditors have been using credit scores and credit scoring systems to determine if you'd be a good risk for a loan or credit card. More recently, credit scores...
How To Get A Great Credit Card With Bad Credit
Credit Cards For Consumers with Poor Credit Ratings
Ever wondered how and why you can go online and be approved for credit within seconds? Or receive a pre-qualified loan or credit card without anyone asking how much money you make? Or why...
Simple Credit Cards - What you should know...
A credit card is primarily a convenient payment mechanism. It is not intended to be a long term credit facility. Should you require long-term financing, you may wish to consider alternative financial products.
5 Questions you should ask yourself-
1. Why am I applying for this card?
2. Can I pay for the purchases in full each month? Or do I intend to pay the minimum sum required and rollover my payment?
3. If I do rollover my payments, do I have the capacity to pay the accompanying charges?
4. Do I understand the terms and conditions for the use of the card? For example, do I know what are the various fees, interest, finance charges and penalties that accompany the use of the credit card?
5. What action can the bank take if I fail to settle my overdue payment?
10 Questions you should ask the bank:
Membership Fees
1. When will the promotional free membership period, if any, expire? What is the fee I will have to pay after the expiry period?
Payment
2. What is the minimum amount I have to pay each month?
3. How much interest do I have to pay on the
outstanding amount?
4. If I do not make the minimum payment for one month, what are all the interest and other charges that I will have to pay?
5. What are the charges I will incur if my payment, either by cheque or GIRO, is returned for whatever reasons?
Cash Advances
6. If I take a cash advance from my credit card line, what are the charges that I will have to pay?
Loss of Credit Card
7. If I lose my credit card, what must I do?
8. If I lose my credit card, what are my liabilities for unauthorized purchases?
Credit Limit
9. What is my credit limit?
Changes in Terms and Conditions
10. If there are any changes in the terms and conditions of the use of the card, will I be informed of these changes? If do, when will I be informed of these changes?
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