Information Center – News and Articles about Credit Cards
Select-Credit-Card.com is glad to introduce the Information Center! Study the rich selection of credit news and articles to read! We cover such issues as new credit products, credit repair post bankruptcy, credit bureaus and bad credit. Examine the entries and apply online for a card!
News about credit cards
America's favorite biggest holiday is knocking on the door. You have, probably, stocked up on presents for all your friends, co-workers, parents, brothers and sisters, nieces and nephews, cousins, and a couple more dozens of people you want to honor. You still have gaps in ticks' places on your "Presents for..." list? I will have to disappoint you. You will have to bend over backwards to buy gifts for all the rest on time. With all this holiday hustle and bustle you are extremely pushed for time. But there is a salvation.
A gift card will be a great Christmas present for anyone. The person you celebrate gets this card with a certain amount of money on it and chooses a gift him- or herself. What can be better? In this case you are one hundred percent sure that they will be pleased. Just imagine, buying gifts is no longer a headache for you.View full story Comments (1)...
After the winter holiday season is over many credit card holders accrue a considerable debt on their plastics. According to the latest surveys, about 2.6 million credit consumers with debts are planning to apply for new credit card deals this year. Balance transfer plastics head the list of the next to-be credit cards.
Over 2 million delinquent credit card accounts are to be transferred onto new plastics in 2008. The statistics shows that young people are more into changing their credit card deals. About 13% of people aged 25-34 are going to transfer their credit card debts to new cards this January in order to benefit from 0% promotional interest rates.View full story Comments (1)...
New Year, as a rule, brings a lot of changes. But those changes are not always for the better. Over the past month of this year there have already been some alterations on the credit card market. Rewards credit cards' owners, this information, first of all, affects your interests!
Several major US credit card companies have changed their rewards cards related policy. American Express has recently announced a cancellation of double rewards points bonus that came as one of the features of Membership Rewards Program. This bonus attracted many credit card holders. This perk doubled card owner's rewards on everyday purchases like groceries, gasoline, and drug store merchandise. This change disappointed rewards card users. However, AmEx was not the only one to upset its clients.View full story Comments (0)...
Credit cards are all over the place. There are always a couple of those little plastic devices in nearly every U.S. citizen's wallet. We use cards everywhere - at stores, gas stations, fast food restaurants, hotels, convenience stores, and at lots of other places. Because it is convenient. But just the way credit cards make our life easier, they can make troubles as well.
Once you become a victim of credit card fraudsters - that is where your problems begin. What happens when someone steals your personal credit card information? Right, they just use ID to make purchases with your account.View full story Comments (1)...
Online shopping attracts people a lot, especially those who spend hours surfing the Web. But far not everybody takes risks actually buying something. About 80% of people shopping online are simply afraid to make Internet purchases with their credit cards. And this is quite understandable.
They do not want to fall victims to a credit card fraud. The statistics of identity theft cases can easily make your blood run cold. Over 200,000 credit consumers suffered from ID thefts last year. And that is a good thing that card owners are being so cautious. They just avoid giving their personal credit card information. But does it mean that online shopping might soon be declared officially dead?View full story Comments (0)...
Cash back credit cards are among the most hunted-after credit card offers. With a cash rebates card in your wallet you earn money just making your regular purchases. These deals help you to save money. And that is really great.
However, you should not regard every cash back deal as a Klondike for your money funds. In fact, it is not an easy task to choose such a card with a cash rewards program that will really be beneficial to you. But now you can apply for a unique and universal at the same time offer that will actually give you sufficient cash rebates, independent of your spending habits.View full story Comments (0)...
Advanced age has its merits and drawbacks. On the one hand, as a person grows older, he or she loses that youthful ardor, inexhaustible energy, and implicit faith in a better future. Age gives wrinkles and weakens body. But on the other hand, age bestows wisdom and experience that young people cannot have.
As you get older, you change your attitude towards different things, towards life in general. And that is why different generations always face generation gap. This is inevitable. And, of course, generations' attitudes to technical and scientific innovations also differ. Even when it comes to credit cards, elderly people and young people do not share the same opinion.View full story Comments (2)...
Everybody knows about the importance of credit education, as well as about the significance of one's credit score. As a rule, education is associated with younger generation. Kids and young adults are considered to have a more receptive mind, they perform better academic aptitude, they grasp new information really fast. But if you turn to credit card statistics, you will find some surprising counter-evidences to the above-mentioned statements.
When you hear about filing for bankruptcy, you, probably, imagine a mature person with some serious financial problems. However, bankruptcy filers in practice turn out to be much younger. The number of 25-year-old bankruptcy filers really impresses. So, what is to be done about it?View full story Comments (1)...
The latest question of Immediate Credit Card Care Service
i received a 660 rewards card where all i have for a credit limit for the first 3 months is 300.00 and with all the fees i have $50available credit until i pay. Is this a good card to start me out with crappy credit that i have?
Answer:
Thank you for contacting us, Susan. Though this credit offer might seem not the most beneficial one (and this is true), it is a good start for you. Poor credit rating makes it difficult, impossible, better to say, to qualify for a deal with numerous benefits, no fees, low APR and other perks. So, Rewards 660 Visa is a good option. Though you have a low credit limit at the beginning, there is a chance that your credit line will be increased. In case you make your payments on time, do not default on them and avoid mxing out your card, your lender will, most probably, increase your credit limit in a few months. You know, in fact, far not every customer with low credit rating gets approved for an unsecured deal. You have qualified. Besides, you have a rewards deal, it is even better. So, you can take advantage of a credit card, instead of putting up with opportunities that secured credit cards can give you. But having a secured credit card is not bad either. I believe your credit card, if managed right, will help you improve your credit history and score.
Articles about credit cards
The subject of credit card use by young adults is much talked about online and offline, in magazine and internet articles. There are supporters and opponents of issuing plastics to young people among credit consumers and financial experts. However, many of those hair-raising tales about graduates that collect enormous debts are just boogieman stories. The statistics shows that young people became more reasonable in credit card management and most of them do not have loads of debts.
A recent opinion poll conducted among college students revealed that 92% of young adults realize that damage credit history and low credit score could have a negative effect on their future financial standing and cause problems with qualifying for loans.
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Financial crisis, mortgage and credit crisis, real estate crisis, what other crises do US citizens have to suffer from? It is just some epidemic of crises! Talking about epidemic, health insurance crisis is another hardship Americans are going through. Medical services take a bite out of your wallet. This year, according to recent surveys, Americans healthcare expenses exceed last year's medical spending by nearly $1,500.
The thing is that insurance companies have significantly raised healthcare insurance costs for customers. Many people just cannot afford paying for medical insurance. The government understands that many citizens' financial standing has shattered due to the economy recession. And the authorities do not stay indifferent to people's problems. They try to find an alternative solution.
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Have you ever noticed that all credit cards in circulation look the same except the color and picture on the front? The common features are size, shape, the magnetic stripe, the signature stripe, hologram and the number emblazoned across the front. Many people are so used to the standard credit card design that they don't pay attention to these physical characteristics. If you want to know why all plastics from different American issuers share the same structural features, read our article. We will tell you 10 interesting facts that cover their technology.
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