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credit card
Published on April 25, 2008, 12:10 am |
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credit card debt
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credit card offers
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best credit card
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credit card fraud
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business credit card
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student credit card
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citi credit card
Published on April 25, 2008, 12:10 am |
A credit card is a system of payment named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid later to the merchant. It is different from a charge card, which requires the balance to be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.
sfreak206
asked:
"ok, i'm planning to get a credit card for first time, i don't have credit backgrownd,so, how do i start or what do i have to do to start credit backgrownd?, and what's APR?, thanks if you can help me."
Question posted courtesy of:
Jessica replied:
"just read and know all the info they give you. have a checking account so you wont have to use someone elses checks to pay towards your credit card."
lowa71184 replied:
"If you are a student you may want to look into the student credit cards, because they are a bit more leniant on no credit history. APR is the annual interest rate."
Jeremy P replied:
"You can find a complete list of credit cards for people with little or no credit here:Although these offers tend to have higher interest rates (and additional fees) when compared to 'standard' credit cards-- they'll help you build and improve your credit score. Eventually, with regular on-time payments-- you'll be able to apply for better offers with lower APR's and less fees.Hope this helps. GOOD LUCK!"
happysurferuk replied:
"http://www.moneysavingexpert.com/creditcardsthis is the best site for impartial advice bar none if you invest an hour it may save you hundreds of pounds in the longterm. I even used this site to source my mortgage"
hjbb replied:
"APR = Annual Percentage Rate. Do not take the first offer you get. Match them up against one another. If you want to build some credit record, go to your bank and ask for a Secured Credit Card. It is like a credit card but linked to your checking account. Do not confuse yourself with a Debit Card. It is almost the same, but you can build a credit history on it."
Kelley replied:
"Go with a credit card that doesn't charge an opening fee, annual fee or anything like that, thats just riping you off!! And please of the love of everything DON"T MAX OUT YOUR CREDIT!! I am still paying off a $3000.00 (maxed out) credit card that i have had for like 3 years now and am not getting anywhere!!And the APR is the percentage of your amount spent that you have to pay every month. It changes month to month depending on how much you spend... it is an interest rate that would make a shark loan blush!!!If you want a really good way of building credit that doesn't include signing the contract with the devil (credit card companies) go to the bank and take out a $500 loan. Put the $500 in a bank account and DO NOT SPEND IT! Each month that $$ out of the $500 and pay the loan. Easy way to do it and you don't get stuck with a lot of debt!!!!"
See Saw replied:
"Apply for an American Express Blue Credit Card:Apart from no annual fee feature of the American Blue Express it also gives cash returns on specific purchases. Users of the American Blue Express also enjoy protection against fraud for online credit card transactions. This card tries to right the various wrong notions about the American Express credit cards, one of which is that it is a credit card only for rich or those who have money to keep a credit card."
Christopher P replied:
"Hi there. First of all, let's take a quick look at what APR is. This stands for annual percentage rate, and is a means of determining how much interest you pay on a credit card. The high the APR, the higher the interest payable. Therefore, you will definitely want to select a credit card that has the lowest possible APR rate. Many credit cards offer an introductory APR of 0 for a pre defined period of time, after which a new APR is applied to balance on the credit card. As mentioned before, you definitely want to select a card that will charge you the least amount of interest on your outstanding balance. Another important aspect of choosing a credit card is selecting one that best suits spending habits and your lifestyle. For more information on this, please go to: Now to your main question. I have found out over time that the best type of credit card for persons in your predicament, our credit cards issued by Orchard Bank. For more information on these credit cards and to possibly select one that will best suit your needs, please go to: I hope this information is of value to you. Wishing you all the best in your future endeavors."
muchioooooooo
asked:
"do we have to pay the credit card company if we are not using it even for a penny?"
Question posted courtesy of:
Tim E replied:
"If there is an annual fee, you have to pay it to keep the account open, or if you have signed up for some type of security feature or something they offer, you will have to pay for it. whether you actually charge stuff on the card or not."
Damian L replied:
"if you dont use it and there is no balance then you do not have to pay nothing unless the card has an annual fee."
stan c replied:
"If you are being charged for just having the card, call the company and tell them to waive the yearly fee or you'll take your business else where."
azkoolchik
asked:
"I have a credit score of 700 and wanting another credit card. I was thinking about citi bank or bank of america. What one should I get? I only have one other credit card from Wumu. I want a credit card that report to the 3 credit bureaus every month. Anyone has either one of these cards, if so, what one did you like and why?"
Question posted courtesy of:
Chocoholic replied:
"Why not get a Discover Card?"
blondie21_97504 replied:
"Y do you have to get another credit card? They cause debit and with the way the world is going today the APR is going to be really high. If you have to go with one of those I would say the Citibank visa"
Sydney replied:
"definitely bank of america.it's the best credit card i have. i only have 3 credit cards and one is a citi. it is terrible, my bill always is late and gets sent to the wrong address, and they send me all sorts of other crap that i don't want. they also signed me up for an identity monitor and i asked them to take me off, and they never did until the 3rd time i called. don't go for citi it's going to cause you trouble."
Joey and Emily A replied:
"The bankamericard platinum visa has a point system for online shopping, so that's pretty cool. they also have ones for flying miles, gas gallons, and such... you can also get custom pictures on your credit card too."
Zerrah replied:
"Definitely NOT Bank of America.They recently upped peoples APR without any explanation or reason; it was all over the news. Try a company that's a little less shady. There are plenty of horror stories of what this company has done to their consumers."
Ryan replied:
"I have the Citi Bank Platinum Select card and love it. APR is 8.49% no annual fee, and I get rewards. I would strongly reccommend this card but I also have a Bank Of America card that I use all the time. Both cards are great. One thing you should make sure you do is apply through the site below. They pay your their commission when you apply for a credit card. I got $30. Good luck:)"
hdawn1977 replied:
"Obviously with your credit score you should be able to get a good card with reasonable rates and maybe even one that offers rewards or incentives if that is something that would interest you. Before deciding I would shop around first. This site has over 100 cards to offer and you can look to see if they have the features that you want."
fullswingii replied:
"Bank Of America!~! My dad works there"
Tamborine
asked:
"I have decent credit but I had cancelled all my cards when trying to get out of debt. I am now free of all unsecured debt but I need to have a card so in the future I won't be hurt by having no credit.I'm thinking I want a card with no annual fee and a low APR. The card would only be used very occassionally and paid off immediately. I have no desire to repeat previous mistakes.Does anyone have any recommendations for a good card for this purpose?Okay, as I said, but everyone is skipping, is that I have decent credit. My credit score is 700.When I got into trouble I went into debt consolidation right away BEFORE my credit got screwed up.But I do appreciate those of you who are taking the time to answer."
Question posted courtesy of:
Primetime replied:
"Good Luck,...The only company that is worth anything isI think they would be able to assist...Kidding"
mary o replied:
"i think that getting a visa from the bank of your choice would be best way to regain stability"
puresplprix replied:
"if your not using it that much and your going to pay it off immediately the apr dosnt really matter that much its the annual fee your going to have to get around. By all means if you can find one with a low apr go ahead but it sounds like that is on the back burner compared to how you say your going to use the card"
Tragic replied:
"I would try Providian. They dont have an annual fee and their APR is as good as any other. I think you can even apply online at Dont be shocked if it reroutes you because they are in the middle of changing their name to Washington Mutual. But they are a great company and have a wonderful website. They even update you every month on what your credit score is so that you can kind of keep track and watch for identity theft. Anyway, good luck."
Dom D replied:
"If you have bad credit you won't be able to get a low APR and no annual fee...Try a Secured Card. You put the money up yourself and work off that for about a year."
zwl88796 replied:
"Its going to be hard to find a card with no annual fee and low apr for someone to re establish their credit, your best bet is to try capital one. I have 2 cards thru them a visa and a mastercard their rates are a little high but they are a good company, I had no credit established at all and I got a credit card thru them and they give credit increases every 3 months or so I believe if you make your payments on time and dont go over the credit limit."
kyle b replied:
"I wouldn't recommend any credit card. They drag your credit down the worst. If you do get one, I would find one that won't keep raising your credit line, because that is what gets most people in trouble. Not having a credit card at all doesn't hurt your credit any. My feeling is just save up your money. When you use a credit card, you're just spending money you really didn't have to spend to begin with. Not enough people see this, and fall into the trap. Americans are way to dependent on credit cards."
justagrrlinnytoyou replied:
"Providian and Chase are horrible- they give you say...a $1500 credit limit...you charge it up because you're low on money or lost a job or had an emergency, etc. Then, about a year later, after you've paid, and paid, and paid at your low introductory flat rate of say...7%, they send you, in teeny, tiny print, a notice that says you have to "opt out" by cancelling your account if you don't want to pay upwards of 28% - 29% interest. They say they have a right to "ammend" your account if you don't meet their payment preferences...say, you only pay the minimum payment or slightly above each month. My recommendation? Go with American Express Green Card. Yes, there is a $59 annual fee, BUT, you have to pay the balance at the end of each month which prompts you not to charge it up. As well, every payment you make shows up as a positive on your credit report."
teenriodoll replied:
"Congrats, on your cleaning up your debt and your credit score. What you want to do is compare credit cards and the good news is there are many internet sites that will allow you to.Check,, On these sites you can look and compare the credit cards that have no annual fee and a low APR. Also if you belong to a credit union, they have excellent rates. You may also consider doing a search for LOW credit card rates in search engines. USA Today does a comprehensive list every year.I hope this helps you out.Good Luck"
echo replied:
"Depending on how long ago you canceled your cards, and the standing on the cards when you canceled, you might try to see if they will rehab one of the cards.You might go to the Bank of America website. They have a card selector that you can do that will not pull a hard inquiry for a recommendation. If you apply for a recommended card, then they will pull a hard. Orchard Bank and HSBC also have the card selectors but they are not as prime as BoA.Stay away from Cap One. They do not report your credit limit, only the amount that you charge. That will definately hurt your utilization and lower your scores."
Crazy girl replied:
"www.household.com"
suzypeaks replied:
"i would get one from here"
Matt
asked:
"Situation: Person A has multiple credit card balances on high interest credit cards and Person B has a credit card with a much lower interest rate. Due to a poor credit history, Person A can't obtain a low interest credit card. They've agreed to transfer it to Person B's low interest credit card and have Person A pay Person B the monthly payments to make it easier to pay down their high interest balances.Is this possible?"
Question posted courtesy of:
ebookrom replied:
"YES, you can pay your credit card bill with a different credit card."
Jennifer replied:
"It doesn't matter what the situation is, the answer is always no. Even married people can't transfer credit card balances to each other's cards unless they are both cardholders. Being an authorized user doesn't count either. You have to be the actual cardholder on both cards to transfer balances from one to another."
christy replied:
"yes, you can transfer the debt. just call the company and give them the info, just to be on the safe side have the other person with you in case they need to verify with them. you may have to add person b as a user on the person a's card to do this."
Paladin replied:
"one way to do it is to get a cash advance on the card with a lower rate and use it to pay off the other cards. Person B will need to REALLY trust person A, though"
Jennifer M replied:
"I think in this case person B would need to add A as an authorized user on the account and then the transfer can take place. Most companies will not transfer debt if the names on the account are different, but if person A is authorized on the account then there should be no problem and also person A could then check the balance remaining when ever and also make payment on line with out having to bother person B. Good luck and I hope that I have been able to help."
trailertrashsucks replied:
"If you other credit card has a amount left on it that doesn't exceed your first card you can call and set up a transfer of the first balance to the second companies card."
The modern day priest class that is in control seeks the total destruction of economic privacy and they are doing an excellent job at doing just that. A new Housing Bill (HR 3221) contains a provision that will require nearly every online credit card transaction to be reported directly to the IRS.
i think the title pretty much sums it up
These companies include banks, credit card companies, eBay, Amazon and Google! link (bottom of page 11) Payment Card and Third Party Network Information Reporting. The proposal requires information reporting on payment card and third party network transactions. Payment settlement entities, including...
What can you do from being part of the statics, besides paying your bills or not using your credit cards.
What does that 0% interest rate credit card really cost you? Since credit cards hit scene they have had hidden fees that costs consumers billions each year. The U.S. Senate is going after these banks with a vengeance with a bill called the Credit Card Fair Fee Act.