|
|
|
| Credit Card Companies Are Out for Your Money |
| By: Christine Breen |
You're probably thinking "Tell me something I don't know" but in this time of low interest rates you might be thinking that you've got a great deal since credit card interest rates are low. Wrong. Credit card companies have a cutoff as to how low their interest rates will go. So when interest rates are low for lending, that doesn't mean your credit card rate will be low as well. If you don't know, or aren't sure, if your credit card company has a minimum interest rate just look at the fine print on your next credit card bill. If you can't read that small of print, and most of us can't, give the customer service a call. If your credit card company does have a minimum interest rate then I'd plan to look around and go with the credit card companies that don't. Because when the interst rates drop, you should get a break on your credit card rate. The fixed rate on credit cards actually rose in the last twelve months. Why? Because the credit card companies have been actually losing money due to record numbers of delinquencies and bankruptcies. Those who can't pay now for their purchases in the past are sticking their bill to the rest of the credit card holders. So you may think that you want to get that credit card insurance being pushed by credit card companies that will pay your bill if you become disabled or unemployed. Not so fast. The average payout on a credit insurance policy is 30-50%. The National Association of Insurance Commissions actually recommends a payout of at least 60%. Payouts for debt cancellation and debt suspension is in the 1-3% range. That's definitely not worth the premiums. Get enough regular life insurance and disability insurance to cover your debt as their premiums are much cheaper and have greater payouts. Beware of a credit card company trick that I recently ran into. I mailed a payment a week early but yet was still charged a late fee. Impossible I say. I found out the payment had to be in the credit card company's processing center by a certain time on the due date. Think of my credit card payment making it's way through the mail, to a P.O. box, then getting picked up, sorted, sent to the processing center, opened and recorded. And this has to be done by a certain date on the due date. Ouch. I suggest mailing in your payment at least two weeks early.
Christine Breen is the owner of the website www.1stop-creditcards.com which helps consumers learn about credit cards and find a card to work for them. |
|
| Keywords: www1stop-creditcardscom, credit, credit card processing, credit card company, card companies, card, credit card rate, credit card companies, credit cards, credit card |
|
| Credit Card Processing News: |
|
Credit Card Processing Services - Offering Merchant Accounts, ACH Processing, Wireless and Credit Card Terminals
Credit card processing services. Accept credit cards with merchant account services from CCPS. Includes ACH Processing, Electronic Check Conversion and more ... credit card processing rates as low as 1.49%, also be assured that with CCPS, you never have to worry about a service ...
credit card processing, merchant accounts, ecommerce, shopping cart software
Provides online home based and small business owners with a merchant account to accept credit cards. Free ecommerce shopping cart. ... Credit Card Processing and Merchant Accounts ... to-use, web-based credit card processing terminal so you can process ... Web-based terminal for easy processing credit card orders manually. ...
Credit Card Processing - No Setup Fee - Low Rates - Card Processing
... credit card processing, online credit card processing, credit card processing software, credit card processing service, credit card processing ...
High Risk Credit Card Processing Merchant Service & Card Processing with free credit card processing set up
Merchant account, high risk credit card procesing set up. We also approve Internet Merchant Account and High Risk Merchant Accounts. Free shopping cart. & accept credit cards ... Type is considered merchant service credit card processing No! Now you benefit ... mlm credit card processing merchant service We can obtain a credit card processing account for ...
Credit Card Processing
... credit card accept card card credit credit processing accepting card card credit credit ... sale credit card processing script credit card processing service credit card processing ...
Credit Card Processing Services,Credit Card Processing Equipment,Credit Card Merchant Account Services, Accept ...
Credit Card Processing,Credit Card Processing Software,Credit card procesing machines, Merchant Services, Merchant accounts, Accept Credit Cards,Credit Cards, Merchant Account Services, Point of sale solutions by Paynet Systems, Inc, Alpharetta, ...
Card Credit Processing Raleigh Service
Quality selection of online business articles. ... credit card service. 98 card credit processing raleigh service ... 77 card credit merchant raleigh service ... 66 ... Credit Cards and more card credit processing service virginia west ...
Welcome to Cardservice International
Cardservice International, Inc. is an industry leader in credit card processing for traditional and Internet businesses. Get A Merchant Account today! ... Markets We Serve. Credit. Debit ... Merchant accounts generally approved in two days or less. Cutting-edge electronic processing products and services ...
|
|
|