Credit Card Solution

New Credit Card Rules

This Sunday, August 22, will see the implementation by the Federal Reserve of the latest set of rules to arise from the Credit CARD Act of 2009. Many credit card companies have preempted this deadline by introducing the changes in advance, but here are the new rights that you should be enjoying this time next week.

Credit Card Late Fees

At the moment, you may well be charged up to $39 if you’re late making a payment, regardless of the amount you should have sent as a minimum payment. F

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Seems like daily there are news reports concerning yet another case of identity theft or credit card fraud. Who are the typical victims? Are they the nice elderly couple down the street who are so trusting and big-hearted? Or perhaps the high school and college-age kids who believe they are invincible as they step out to conquer the world and make a place for themselves? Surely it isn’t the savvy white-collar business man who drives his Lexus by the house everyday on his way to work.

The truth is, none of us is exempt from the all-too-real threat of potential credit card fraud, which is a big part of identity theft. In reality, no one can guarantee that your credit card numbers won’t be stolen or that your identity won’t be accessed by a criminal. However, there are several pro-active measures we can take that will reduce our risk ratio.

I have a friend who is a general contractor. He ha

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Credit card companies will always try to look the most appealing, and that is a simple fact.  That is why a comparison of credit card companies is essential in order to get the best deal and the credit card that suits you the best of all…

You might think that once you’ve found a card then that’s it, but you really need to know more about the credit card company too.  Research a little by looking at what other credit cards and serivices they offer and see if those are also good deals.  If they are only providing one credit card and nothing else then they are probably not as good as other credit card companies out there on the market that can offer you a choice of cards when you decide to sign up with them.

Take Barclaycard for example, and American Express.  These two major players are always good companies to get a credit card with simply because they are big names, they have multiple cards to chosoe from and they are pretty much guaranteed to provide a good level of customer service because they can afford to.  Also, when it comes to the two credit cards i’ve just mentioned, it’s worth remembering that they are pretty prestigous companies and not just anyone can apply and get accepting these days.  This is a good thing if you’ve got the cash to back it up!

Now everyone wants the best rewards from their credit card don’t they?  But sadly many people still opt for the first card to accept them when they apply.  This can result in them getting very good rewards, but they may be rewards that the cardholder doesn’t need and will never use, like airmiles perhaps or money of wine and CDs…

There are some pretty good reward cards out there however, and we’re going to tell you about a few of them on offer at the moment.  One of the top ones at the moment appears to be the American Express Platinum card.  With this card you can expect the following benefits:

• Up to 5% cashback.  Now there isn’t a much better reward than that is there?  Cash back from your credit card allows you to spend the money on what you want rather than what the credit card company would rather you spend your money on like wine and CDs as Virgin would have you do.
• No annual fee
• 19.9% interest rate.  This isn’t great but then for a credit card as good as an American Express if you can afford to get one you can afford the interest believe me.
• Purchase protection insurance.  Always a good thing.
• Discounts on shopping, dining and entertainment too.

If that isn’t enough for you then you’re not easily satisfied.  However, if you want to get your hands on a new shiny Amex card you’re going to have to have at least a cool £30,000 a year coming into your household.