Low Interest Credit Cards

On Monday, the major provisions of the Credit CARD Act take effect, nine months after they were signed into law.

Many of these provisions will have a very positive effect on consumers, but the law has resulted in some unexpected fallout.

“The CARD Act has some very significant benefits for credit cardholders. The restrictions on interest rate hikes and the ban on over-the-limit fees are tremendous. Consumers have cried out for these protections for years and they are finally about to take effect,” says Bill Hardekopf, CEO of LowCards.com and author of The Credit Card Guidebook. “However, there are a number of unintended consequences that have resulted from the CARD Act. These changes might affect more credit card consumers than the law helped.”

Here is a look at some of the unintended consequences of the CARD Act:

* Since issuers will be unable to raise interest rates on new accounts for twelve months, they simply raised the advertised APR before February 22 so it affected everyone shopping for a new credit card account.

Read more…

U.S. credit bureaus typically advertise their credit monitoring services as a way for consumers to keep tabs on any unusual account activity. However, credit bureau Equifax was recently prompted to highlight the service to its own employees after a mailing potentially exposed the Social Security numbers of current and former workers. According to a report by CNET (and later confirmed by Equifax), an undisclosed number of the credit bureau’s current and former employees were mailed W-2 forms in January that made their Social Security numbers potentially visible through the envelopes’ plastic windows. CNET included a copy of the letter mailed to former Equifax employees: 

“Equifax became aware of the problem on January 19 and informed employees in a letter dated January 27, according to a copy of the letter obtained by CNET.Specifically, some of the tax forms mailed by Equifax’s payroll vendor through the U.S.

Read more…

Description: Laminated plastic front with embossed rosary beads. Instructions for how to say the rosary on the paper back. Includes the Joyful, Sorrowful and Glorious Mysteries.

Front and back of card shown.

– Laminated Plastic — 2 1/4″ x 3 1/2″

… Buy Credit Card Rosary

Q: Is there an American Express student credit card?

A: First of all, thanks for your message and compliments about the site Molly. Whether someone is a college student, a retiree, or at any stage in-between… an American Express credit card is always considered to be the cream of the crop. In fact, this isn’t the first message I’ve received asking about American Express for students.

Unfortunately, the company has very strict lending practices, so not everyone qualifies. This is especially true if you’re younger and have limited or no credit history. An American Express student credit card is hard, but not impossible to get. I’ll share with you the secrets of how I pulled it off when I was only eighteen and the best way to go about it in today’s tightened lending environment.

Why an American Express?
While it’s true American Express is a very prestigious card to carry, there are actual real reasons why they’re the best. First of all, s

Read more…

Credit Cards UK: Compare & Save
Credit card advice on cheap credit cards, low interest cards and balance transfers.
www.creditcards.co.uk Friday, 12 Feb 2010, 9:55am

Researchers at Cambridge University have discovered that the chip and pin banking system is fundamentally flawed.

Balance transfer credit card holders have been warned that fraudsters have found a way to exploit major flaws in the chip and pin system using stolen cards.

Researchers at Cambridge University have claimed that the fraudsters are placing a “wedge” into the terminal to convince it into believing that the correct security numbers have been entered into the system.

In effect, this process enables crooks to withdraw money without actually knowing the pin number for an account.

The revelation raises major concerns about the chip and pin system because it renders balance transfer credit card holders vulnerable to fraud.

Professor Ross Anderson described the current credit card system as “fundamentally broken”.

He said: “We think this is one of the biggest flaws that we’ve uncovered – that has ever been uncovered – against payment systems and I’ve been in this business for 25 years.

“Customers are often told that their pin was used and so it’s their fault. Read more…