Low Interest Credit Cards

It’s tough to keep track of all the rules and regulations surrounding credit and credit cards, especially if you’re the victim of fraud or theft. Know how to protect your credit card, learn your rights as a credit consumer also how to safe credit card.

Credit card, ATM and Internet fraud can often be prevented. Most thieves use stolen credit cards within 48 hours. Call your credit card company immediately to report a lost card.

Limit your credit card losses

Different credit card companies have different rules regarding your responsibility for unauthorized charges. Know what these are when you get your credit card. If a thief uses your card before you report it as lost or stolen, you may be responsible for his purchases. Fol

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Many people use their credit cards to help manage their monthly budget and help them be more responsible over their finances. If you are like many people, you do that same thing with your credit card. When used wisely credit cards can certainly help you to be more financially responsible. However, there is more that you could be getting out of your credit card than security and convenience. You can also get valuable rewards.

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Millions of Americans have been stung by the cost of maintaining their credit carddebt, pushing some into bankruptcy and delinquency.

However, the economic climate also has negative results for the credit card companies themselves. Nationwide levels of chargeoffs and delinquencies have reached new highs this year, while showing signs of at least leveling off in recent months.

This week, Fitch Ratings said the credit card delinquency rate will remain high well into next year, and that bankruptcies and unemployment will continue to rise in that period. This causes lower revenues for credit card companies at a time when many of them are bracing for federal limits on late fees and interest rates set to take effect by February. Read more…

There is absolutely no question that banks and credit card issuers are rushing to increase interest rates and fees ahead of credit card reform legislation taking full effect.

They are scrambling to find new sources of revenue to replace the ones that have served them so well but will now no longer be allowed by law. I am speaking, of course, about arbitrarily raising interest rates on people that currently carry balances.

Many people have grown quite angry with their respective credit card issuers, and understandably so. It has left many cardholders to ponder whether or not it would be a good idea to cut up their credit cards and use debit cards in their place.

After all, a debit card with a Visa or MasterCard logo will be accepted anywhere that a credit card is.

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New research has suggested that Brits are not planning to pay back the debt on their credit cards for another six months.

Financial advice website moneysupermarket.com has warned that major credit card issuers such as HSBC, Natwest and Lloyds TSB will be hiking the rates on their products in the near future.

Despite this news, research from the site has shown that nearly one-third of plastic users plan to delay making repayments for the next six months, risking having to shell out for the increased credit card charges.

This figure is as high as 38 per cent for the 20 to 29 age group, for which only 26 per cent pay off their credit card balance in full each month.

While consumers are planning to remain in debt to the credit card issuers over the Christmas period, moneysupermarket.com also found that several popular items for presents will become much pricier if outstanding payments for purchases are not made.

The Nintendo Wii console and Wii Fit game retail at £219.99, but could end up costing £240.56 if debts are not cleared until 12 months after the transaction.

Peter Harrison, credit cards expert at moneysupermarket.com, said: “People must be extremely careful about carrying debt on credit cards for long periods of time – you don’t want to be paying for this year’s presents when the Christmas decorations are rolled out again next year; particularly as rates could be at new dizzy heights.”

Previous research by the website showed that 17 per cent of British people plan to use balance transfer credit cards to fund presents, food and drink for the festive period.

It advised taking out a zero per cent credit card in order to keep the costs of Christmas down.

By Kevin Shield