Wednesday, July 26, 2006

Cons of international credit card

10 Cons of an International Credit Card

Credit card companies will give you huge list of pros to sell card subscription to you. But do you know the actual cons of an International credit card?

Credit card fraud is a fast increasing crime in the world. International Credit Card holders are mostly the victims of this unauthorized access to their accounts. Let’s take a closer look of the problems faced by international credit cards.

1. Repetitive use of credit card numbers. After a credit card number has been used and disregarded, say cancelled, credit card companies would reissue the same number to other cardholders. The personal identification numbers (PIN) is changed as well as the credit cardholder’s personal information. But it still bears the same credit card number.

2. Low standards when it comes to the use of cards by the participating merchants. This is a common problem encountered by international credit cardholders. Employees of the participating merchants have the full access to the account number as well as the security number of the card.

3. Account Statements given out by credit card companies contains less information about the participating merchant. It does not include relevant information about the vendor that charged any transaction on the credit card.

4. Unreliable blocking functions. Once a card loss is reported, it will still take months for the credit card companies to block the transactions being made through the stolen or lost credit card.

5. Lack of validation software. Participating vendors should have better validation software installed on their computer system.

6. Consumer unfriendly policies on fraud management. The policies on the present fraud management take the blame on the cardholders though not directly stipulated. This means that the policies on the fraud management of international credit card companies protect not the consumers but the company.

7. Lax standards on investigation about fraudulent transactions. This is the sad part for the victims of fraud through their credit cards. Getting the suspects charged though proven guilty of fraud seems to take on slowly.

8. Credit card fraud is usually committed through online transactions. This means that credit cardholders are not protected with the authorized or unauthorized use of their cards on purchases or services paid online.

9. Most of the companies that typically appear on charges are those associated with pornography industry. These companies are the ones that accept transactions even without verifying the cardholder’s information.

10. Most of the banks’ system is not compatible with other international credit card companies for the e-commerce. This is a potential weakness that would mean loss of clients so they would prefer to keep quiet about it. credit card


When people started using plastics as their primary source of financial disbursements when shopping, they did not yet realize its greatest potential until today.

It is only now that consumers learned how to treat credit cards with utmost care and concern as these could be one way to their success or failure.

Consequently, with the dawn of cashless shopping, many credit cards companies continue to proliferate in the market. What they are targeting right now is the world of information technology. With this, they continue to advocate the very concept of the word “convenience.” Thus, many credit card websites had incessantly created websites to cater to the growing virtual populace.

One good example is the site. It primarily provides all the credit card requirements of every consumer. What’s more they offer online services wherein their credit card holders can take advantage of digital services and wireless transactions through the site and through their chase credit cards.

The credit cards offer a variety of credit cards that will suit the customer’s specific credit needs. credit card comes in a wide array of general purpose cards, rebate cards, entertainment cards, travel cards, and auto & gas cards. credit cards also include retail cards, student cards, and college and university alumni cards, cards to support organizations, military cards, sports cards, and business cards.

With the wide array of credit cards provides, the consumer will have lots of choices that will certainly answer to their specific needs. There are credit cards that also cater to rewards, cash backs, points, and miles.

Moreover, choosing and applying for credit cards is relatively easy. The site offers four ways how to apply for credit cards. They can:

1. Choose by category

In this manner, customers may look through the categories of the cards that they think would serve them best. They can choose whether they want travel rewards, cash backs, auto and gas rebates and a whole lot more.

2. They can use the “help me choose” facility.

With this facility, consumers may ask the site for suggestions regarding credit cards that would provide them their needs.

3. Compare card features

Customers can select some cards and place them next to each other for comparison purposes.

4. Browse through the complete list.

This option is available for customers who really can’t decide which credit card to choose.
So, with the advent of credit card, there will surely be a better way to enjoy cashless shopping.

Tuesday, July 25, 2006

Best UK credit card


In the United Kingdom, the credit card phenomenon is not at all different from what the United States or any other country has for that matter. This just goes to show that a lot of people are finding credit cards as feasible means as well.

However, most people in UK would rather obtain the best credit card there is than to suffer at a later stage. And so, getting the best UK credit card is very significant for most English people. In most instances, the best credit cards would usually mean low interest rates, offers rewards, and excellent introductory rates.

But then, it is really important for every UK consumer to shop around for the best credit card deal.

And so, here are some of the best UK credit cards:

1. Virgin credit cards

The very best feature of Virgin credit card is that it allows their consumers to prefer which features they would want to have on their credit cards. That means they could have the chance of getting a 0% balance transfer rate for 9 months, a fixed annual percentage rate of 15.9%, plus more rewards every time the credit card holder uses the card.

What’s more, people get to choose their very own creative Virgin card motif making it way above the rest.

Virgin credit card also offers great flexibility.

2. The Marbles credit card

This UK credit card is considered nowadays as the card with the best value and has a high orientation on customer service. They have a 24 hour customer service hotline. Plus, they also provide a regular monthly statement through online announcements.

It also has 0% stable balance transfer rate for 6 months from the start the account has been opened.

3. Morgan Stanley Credit Card

This is considered as one of the best UK credit cards because it has 0% introductory rates for balance transfers good for 6 months. It also offers a fixed rate of 14.9%, and their 1% cashback is considered as one of the highest available in the UK market today.

4. The egg credit card

In UK, egg credit card is considered as one of the best credit card in the industry today. It also offers 0% introductory offer not only for balance transfers but also for ordinary purchases, and that is available all through out the 6-month period. Their annual percentage rate is also set to a standard rate of 14.9%.

With all these 0% introductory rates, low APRs, and everything, these credit cards are definitely the best UK credit cards in the market today. Hence, for most UK consumers, shopping had never been this better.

Best crdit card reward


Think about it. If people would normally pay all their credit card balances in time, then what is the purpose of interest rates?


And how will people get the benefits that their credit card company claims? It is through the credit card rewards.
These are freebies or prizes designed to make the “big boys and girls” happy because they had been naughty and yet nice enough to pay their dues.

Credit card rewards are also one way of enticing people to sign up to them. It tells them about countless benefits they could get just for signing up and getting a credit card.

There are actually a variety of credit card rewards available today. Most of them are being offered by credit card companies all the same. But what the people mostly wanted is the “cold cash.”

According to some reports, most people, who are entitled for some credit card rewards, would rather have cash for reward than with any other freebies available. They claim that they just want to be feasible. Hence, cash backs were deemed as the best credit card reward

In reality, financial experts claim that the arrangements of cash-back programs are actually the most straightforward credit card rewards than the other types. Plus, consumers can even track it, get hold of it, and see if it really is true.

Moreover, cash-back programs have a wide variety of classifications. It all depends on the type of credit card consumers have. For example, there are credit card rewards intended for college students such as college savings. For retirees, they also have retirement investing rewards.

But for those who do not want cash backs, there are still other credit card rewards that work best for the consumers. There are those rewards about frequent flyer plans and freebie-giveaways.

Indeed, credit card rewards keep on flowing. The reason behind that is to entice people not to delay their payment so as to avoid adding to the pile of credit card debts and numerous bankruptcy cases.

There are still many credit card rewards that would be initiated upon the people especially for those who spend a lot. In fact, some reports say that there is a credit card reward these days that entails the consumer to not pay the annual fee for as long as they get to pay the balance on time. That would be a heaping $3,000 off in the event that the consumer’s standing balance is $30, 000.

That, indeed, is a lot of money.
eXTReMe Tracker