Posted on 25 February 2011
Tags: addition, adolescents, avail, budget, cards, college, College Student, college students, credit, credit card, credit card companies, credit card for, credit card loan, Credit cardCredit card, Credit Cards, Credit cardsCredit cards, credit limit, CreditCredit (finance), Debit cardDebit card, Debt, Discover, Discover CardDiscover Card, doing part time, educate, education, educational expenses, employment, Enhanced, essential, essential things, expense, fee, first credit card, Funds, Guide, handle, how to, impediments, Learning, Loans, Management, money management, must take into consideration, parents, part time jobs, payment, penalties, Personal Finance, repay, restrictions, school, Small, standing, student, student credit card, student loan, Training, training academy, Understanding, US, utilization
The adolescents by and large fantasize about the college life. They consider it as a dream. Through this tenure, he/she has no restrictions on his/her activities. They may also lead their own lives without any impediments. Additionally, he/she will be able to find out the ways to administer his/her funds
Training Academy
College life also prepares and guides the adolescents to step into maturity. This is very appropriate period where they are trained or educated to handle the more solemn matters that they will come across once stepping into the actual life after finishing their schools. Hence college life is like a training academy.
Very First Credit Card
This phase cannot be perfectly achieved until one has his/her primary credit card. Majority of the parents may feel very cautious in this regard, but also give credit cards to their college going children owing to several rationales.
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Posted on 28 August 2010
Tags: American Express, credit card, Credit Card Company, Discover, foriegn exchange rates, international travel, MasterCard, travel, USD, VISA
Majority of regular international travelers are well aware of the sharp nature of their credit card companies that pick up their plastic pockets when they make overseas purchases. That particularly means that on using your credit card overseas all the internationally accepted credit cards, such as MasterCard, Visa, Discover and American Express, charge you 1% foreign currency conversion fee on each transaction you make.
This fee is the part of the 2-3% fee that all UK banks adjoin, and only few banks offer less than 1% fee for. If you want to know about what your network (MasterCard, Visa, Discover, and American Express) is charging you, then keep more.
What Are you Paying as a Fee?
Following are some fresh transaction fees for that are charged by some biggest US card issuers:
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Posted on 27 August 2009
Tags: American Express, back, Benefit Of The CVV2 Number, card, card not present, Card Verification Value, cardholder, CID Codes, credit card, credit card fraud, criminals, CVV number, CVV1 Code, CVV2 Code, Discover, gas stations, hidden, identity theft, Internet, magnetic strip, MasterCard, phone, security, security code, signature, stolen, transactions, VISA
In order to protect against credit card fraud, a CVV number, or Card Verification Value is printed on the back of the card. It is a three or four digit security code printed on credit cards, intended to guard against identity theft in transactions where the actual card is not present.
CVV1 Code
There is another, less known code also present on the card called the “CVV1” code. This is encoded on the magnetic strip of the credit card hidden from view. CVV1 is used for security on transactions when the cardholder is present in person.
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Posted on 19 July 2009
Tags: American Express, Bad Credit Credit Cards, bad credit rating, Credit Cards, credit limit, Discover, improve credit score, MasteCard, secured credit card, unsecured credit card, VISA
Nowadays the whole world is going through a financial crunch and you may also be a victim of it. So if you are going through a financial crisis and have a bad credit rating, you can still get a credit card. But you need to follow certain steps to ensure that you get credit cards despite the bad credit. You can get a great deal on a credit card and actually improve your credit rating. All you have to do is to look hard enough and do your homework on the companies.
The following are various ways to get credit cards with bad credit and tips for improving your credit rating.
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Posted on 28 October 2008
Tags: American Express, American Express Company, AMEX, anti-trust, anti-trust law suit, Bloomberg, credit card, Discover, lawsuit, MasterCard, settlement, united states, VISA
This Monday, credit card issuing companies VISA and MASTERCARD announced that they have settled the anti-trust law suit filed by Discover Financial Services. Discover accused both of the companies of entering in to exclusivity contracts with banks. Such contracts prohibited banks and other financial institutions to issue competing cards. Discover filed for $6 billion as compensation but settled for less than half that amount.
Visa has a larger credit card holder base and paid the major chunk of settlement amount. Visa Paid $1.8 Billion. While MasterCard with second largest penetration paid only $862.5 Million.
This amount looks big but it is peanuts when it is viewed in context of Total US Credit Card Market Size. According to Bloomberg
The value of U.S. credit card purchases was $2.17 trillion in 2007, up from $426 billion in 1993.
Previously, AMEX (American Express Company) sued both of credit card Giants and managed to extract about $5 billion in settlement.
So It is obvious that VISA and MASTERCARD have struck a great deal. Paying under $10 billion for un-restricted access to a multi-trillion dollar market is good business in every sense of word.
How these two play with each other is yet to be seen…
More on this story can be read here
