Credit Card Application
Statistics shows that on a daily basis, millions and millions of credit cards are being applied for worldwide. People opt for the usage of credit cards because they find ease and comfort in using these cards for paying the goods they buy. People don’t have to bring cold cash to the store, they just have to swipe the card and the purchase is made. Also, if one is in an emergency situation and wasn’t able to bring enough money, these credit cards solve the problems for their owners. People can apply for credit cards from any credit card website or go to financial institutions.
A person can take advantage the many perks brought about by using credit cards. People who have an above average credit score can easily and effortlessly avail certain premium services and rewards. They can utilize airport amenities for free. Some credit card companies also offer warranty and reward programs for their customers. The purpose of this rewards program is their way of saying thanks to their clients as well as protecting their clients from fraud. In reference, if you have bought an item which has not undergone quality control and is found defective, you can immediately call the credit card company to nullify the payment and get a reasonable refund. This warranty can protect a client in a way that when a seller refuses to refund the money paid for the purchase, the company will do it for the client. One can earn lots of types of rewards that are being given and granted by these companies. These rewards range from free petrol, free flights and vacations to tourist spots, free goods, food and a whole lot more. Even some credit card companies extend their rewards to insurance coverage for their customers.
Before applying for a credit card, one must have a good credit score. As well as one must be able to comply with the agreements and terms that are being imposed by the companies to avoid any legal troubles. By doing so, one can save thousands of money and earn lots of rewards annually.
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Credit Card Advance
Business and personal use are the two main types of credit card advances.
The personal type ranges from cash amount of 100 to 1000 dollars and are being paid back within a short amount of time such as a month coupled with interest and other small fees. It is usually referred to as a ‘payday loan’.
On the other hand, the business credit card advance type (which is often referred to as merchant loan or business cash advance) is pretty much different from a payday loan.
A merchant loan lender buys a small portion of the your future credit card sales given with a discount which is based upon the amount of credit card sales your business is able to haul in per month. They will then program their system to deduct a percentage of your daily credit sales to pay in advance for your credit card purchases. Because the amount of money is dependent on your daily sales, the payback amount being paid daily differs from day to day. This is called the flexible pay back schedule. By employing this system, you are able to regulate your payment less on slow days and more on days that are busier and haul in a much larger income. The time frame for the payback ranges from 6 to 9 months. Many businessmen use this funding method if they are not able to obtain a loan from a bank or they cannot afford to wait for the time it takes to have a bank loan made.
Credit card advances are more expensive than bank loans but they have perks that outweighs the setbacks. Some of these are as follows:
-People are immediately funded in matter of days instead of waiting for months.
-No collateral items are pawned or left in order to make loans.
-There are no terms or agreements needed on how the borrower chooses to spend the money.
-Lenders will try to look up for credit score but not much weight is given on poor credit history.
Not everyone can avail this type of financing, make sure before applying for one, you are able to comply with the requirements.
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Categories: Loan Articles Tags: able, Credit Card, credit card advance, days, loan, sales
5 Credit Card Mistakes to Avoid at All Costs
A person can take advantage the many perks brought about by using credit cards. People who have an above average credit score can easily and effortlessly avail certain premium services and rewards. They can utilize airport amenities for free. Some credit card companies also offer warranty and reward programs for their customers. Credit cards are helpful, if you use them right!
Categories: Loan Videos Tags: avail, Avoid, companies, Credit Card, credit card mistakes, offer
Cash Advance Pre-Approval Differs From That of Credit Card
A person can take advantage the many perks brought about by using credit cards. People who have an above average credit score can easily and effortlessly avail certain premium services and rewards. They can utilize airport amenities for free. Some credit card companies also offer warranty and reward programs for their customers. What makes credit card different from cash advance pre-approval, though?
Categories: Loan Videos Tags: Advance, avail, Card., cash, companies, Credit, Credit Card, Differs, from, offer, PreApproval
What Is Credit Card Skimming
Do you have the keen eyes to see whether a clerk swiped your credit card into two card readers or just swiping twice in one card ready or not? Would you be able to avoid any upfront thievery in buying gasoline from stations? This type of theft usually comes from the usage of credit card skimmers that operate via stripping and swiping the magnetic strip of credit cards through them just simultaneously when you made a purchase. Smart thieves have devised plans in using these existing credit card strips without being caught of using them. Some of the information that these thieves are able to get from doing this are the card number, account holder name, address of the client and even the pin number that could be used and be accessed on a later time. From this information, thieves are able to make purchases by creating counterfeit and cloned credit cards.
Unfortunately, it is not uncommon to be able to get credit card skimming machines.
They can be looked for and be bought from the internet at 300 dollars a pop. Any aspiring thief that would like to skim credit cards would not hesitate to dish out 300 dollars to gain more than a few thousand more. It has been estimated that a total of $1 billion each year is lost to credit card theft. If you feel that you have been a victim of a fraud, you should know now that by the Truth in Lending Act, the limits of your liability amount to $50 in the event that your card has been either lost or stolen. But don’t ever think all cardholders do not pay for these petty crimes, because they are entitled to pay lots of finance and miscellaneous fees.
It is very important to track every bit of purchases you have committed from time to time to check whether there are any major discrepancies in the amount that you owe the bank. The sooner you are able to detect any fraudulent activity, the lesser the corresponding damage will be. You have to coordinate and work hand in hand with your bank to prevent any malicious activity related to credit card skimming.
Categories: Loan Articles Tags: able, Credit Card, credit card security, credit card skimming, credit card theft, lost, number, theft
Findings on Applications for Credit Cards
Annually, there are millions even billions of people who are opting for the application of credit cards on the whole world level. People have become fond of credit cards because it has been able to provide them the leverage and conveniences that enables them to pay whatever they are paying for, anywhere at virtually anytime of the day. People have been enjoying the perks of not trying to bring lots of cash in order to buy products and avail some services. Some people forget to bring money once they go to stores to buy certain things and in some cases, they are not able to bring the sufficient amount of money. These problems are easily solved with the presence of credit cards. In recent times, crooks are almost everywhere that you have to be cautious in bringing cash to many places. Credit cards are applicable from banks and credit card websites. Needless to say, applying online is the most convenient way of getting a credit card.
One can essentially take advantage of the many perks of the benefits that are being provided by many credit card companies. People who are able to have and maintain good credit scores can avail premium services and have some rebates and rewards. The are able to avail airplane fees in many airlines for absolutely free. Even some of these credit card companies have been offering their customers some type of warranty programs. These programs are geared to protect avid and loyal clients from fraudulent activities. In some instances that the item you have bought at a certain store is defective and faulty, you can have your credit card company cancel the purchase and get a total refund for your money. This warranty can be very useful when the seller has refused to give you back the money you have spent on that particular purchase.
Before one considers to apply and get a credit card, it is of vital importance to have read and understood the terms and conditions of the perks and fees that are applicable to you. One can also check the credit card provider as to what type of perks and benefits are being offered alongside the credit card.
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Q&A: Can a payday loan company use my credit card info from a one-time online payment?
Question by indi.babi07: Can a payday loan company use my credit card info from a one-time online payment?
I have a payday loan past due. However, the bank account the payments withdraw from, I no longer use and is therefore empty (and negative from nsf payments due to the loan) If I make a partial payment online, can they use they info to deduct the rest whenever they want? I don’t want them to do that.
Best answer:
Answer by clara
They can but they won’t. If they have you credit card information they can charge you when they want to. However if you call your credit card company they will reverse the payment for you (if you didn’t authorize the payment).
And the credit card won’t be so stupid to let the payday loan to do it. It is like transferring the loan from your payday loan to your credit card. If you are not paying your payday loan, you are not likely to pay for your credit card. so they won’t let the payday loan company to do it
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Categories: Loan Questions Tags: Credit Card, Payday Loans