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Female’s Credit Card – How to be able to Be One Step Ahead Of Credit Card Companies

Women’s Credit Card – Compare Female’s Credit Card and figure out what’s low APR and balance transfer credit cards.

Have you ever wondered why you get credit card offers in mail if you haven’t even made a request for it. If the name of yours and address is in info system that is public than by now you ought to have received several credit cards offers. Each giving better offer than other competing credit card company.

With so much information to process is going to lead to confusion and wrong acceptance of credit cards. Choosing a right credit card is a difficult job, it requires good scrutiny and careful analysis of fine points written in tiny fonts. Special attention must be given to credit card rates, when new higher rates will apply. Give importance to reading terms and conditions of credit cards. You will get new understanding of exactly how credit cards work. Before you start applying credit cards you have to know few important terms used in credit card. By knowing these terms will help you applying for a correct credit card.

Credit Cards

As you know modest plastic card known as credit card is in dimension of 85.60 X 53.98 mm. As the name suggest you get moneyon credit or you get things in market on credit. The credit card differs from Debit card because whenever you make purchase by using your credit card it doesn’t remove money from your bank account. where as if you do purchase using Debit card it removes money from your bank account after every transaction you make.

When you make transaction using credit card the credit card company lends money to merchant where you did shopping. In most cases you get one billing cycle money on credit without any interest being charged to you.

All is required from you is to pay full balance before deadline to stay away from interest charges. Just in case you’ve made big purchase which you can pay in total in one month, try paying off balance as soon you are able to to avoid more interest charges. Guessing you are unable to pay cash back to credit card company please ensure you pay a minimum of minimum balance required by date which is due. Usually this amount is little and it helps you to preserve the account of yours in good standing. Ideally this alternative really should be stayed away from as it will pile interest amount on your borrowed amount and quickly your borrowed money will start swelling.

Credit card company issues credit card to user after his/her request for application has been approved.

Every credit card company is going to set credit limit for each customer based on his/her credit strength The credit card user will make purchases by using issued credit card.

The credit card on average is in dimension of 85.60 x 53.98 mm

Every credit card has number written on it by which your account is identified.

Some of the known credit card companies: Chase – Bank of America – Citigroup – Wells Fargo – American express – discover etc. Practically every major bank issues its credit card to users.

When you make purchase at any merchant you sign a small receipt acknowledging you are going to pay same amount to the credit card company of yours.

Few of the transactions may be done over phone, like airlines and hotel booking, by giving your credit card number and expiration date etc. Remember to be care full when making such transactions. Ensure you do such transactions with trusted parties.

Just about all store or merchants owners have credit card verification system, while you swipe your card for payment it’s checked in background for fraud or perhaps missing card status.The credit card payment terminal or Point of Sale (POS) system helps store owners to do verification with issuing credit card company’s system.

The security code of credit card is printed on back of credit card.

Each month credit card company will send monthly statement to credit card users. The statement is going to include details of transaction made by credit card user. The main details are going to be visible that include day of transaction, merchant’s name, amount paid etc. This info enables you to cross verify purchases made with amount charged on credit card.

The credit card statement also gives additional information like billing cycle, date which is due (payment date), full balance and minimum payment you are able to make.

The grace period will be the number of days to make payment to credit card company from the day he/she made purchase.

The credit card companies form associations and many bank become member of these credit card associations. The known associations are VISA, AMERICAN EXPRESS etc, MASTERCARD,DISCOVER.

Electronic transaction processing network, which allow electronic transaction to work through secure system. The following are very few companies which are in this business. NDC Atlanta, Nova, Cardnet, Nabanco, Omaha, Paymentech, Vital, VisaNet and Concord EFSnet.

Secure credit card: Some credit card companies issues secure credit card after applicant has deposited ten % of credit limit into his/her account. This sort of account is for new users with hardly any credit history to show.

Pre-Paid Credit Card: This is not really a credit card, because no amount is borrowed from lender. This particular type of credit card is used by pupils when their parents deposit required amount into account for their shopping. This particular form of credit card will come with VISA/MASTECARD logo thus is called pre paid credit card

Security of credit card is dependent upon the number on credit card. Few merchants are going to allow certain types of sale by just getting credit card number. Ensure you don’t compromise security of credit card.

800-669-8488 can also withdraw money through credit card at ATM’s using your secure pin number Annual percentage rate (APR): Learn what’s APR and the way it is calculated.The annual percentage rate is a interest you’ll be paying out on borrowed cash to lender.

The APR rate applied to your account is going to differ from the rate which was given as introductory, mainly because of few month introduction rate and other fees get added to final interest calculation.

In straightforward terms APR is monthly interest multiplied by 12 months will bring about annual APR rate. This assumes there’s simply no other fees involved.

Balance transfer: Why would you transfer debit amount in your credit card to other card. the reason may be much better interest rate and terms. several of the credit card companies give introductory offers for instance no interest on balance transfer for 6 months to two years.

These offers are good when you’re paying higher interest rate or even you’ve high balance on credit cards and you’re trying to find cooling period to fix your debits.

Exactly how vital is to protect your Credit Card

This small plastic card which you carry in your wallet is very precious somewhat more than the jewelry of yours you wear on the body of yours. The security of credit card needs to be taken very seriously. Once your credit card is stolen, your account information is known to others, it will take time that is good before you will get those charged removed from your bank account.

Meanwhile your credit rating is going to take hit if there is big charge on the credit card of yours and you are struggling to settle those charges. take every effort to safe guard security of your on-line security and identity of credit card.

Few security tips: Always keep the credit card of yours in secure place when not using.

Do not reveal your credit card numbers to others.

Make an effort to avoid giving the credit card information of yours on phone.

Any loss of credit card must be immediately informed to issuing credit card company.

In case you are using on line access to check the credit card account of yours, please use secure methods to protect the identity of yours and credit card etails.

Install “fire wall” and good virus and spyware scanner on the laptop of yours.

Change your on line account passwords periodically.

Never use public computers to access on-line accounts.

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