Beware Credit Card Firms’ Odious Tricks

Credit Card Companies – Reduced Rewards/Cash-backs

Starting a new business and making arrangements for the fund could at times come from friends or family or even a small business loan from the lender or financial institute. However, when these options seem to be unavailable, one could turn to credit card in availing the funds for a small business.

Credit card is not an invitation to spend money one does not own but the consumer needs to be cautious in using the credit card wisely. Several of the consumers do not take the trouble in reading the card statement carefully that would make them cautious of all the small charges which are imposed by the card company.

It means that a credit card is an easy packaged though a terribly priced personal loan which has the utilities but the charges seems to outweigh the benefits. Since updated EU clampdown on charges has been hitting on the profits, Credit card companies have reduced their rewards and cash-backs. Peter Jackson of Stockport speculates on the rewards that these credit card companies tend to hand out to consumers in a way to confuse them on how much they actually pay to use them.

Companies – Hidden Charges

Jackson writes that `any perks that individuals tend to receive have been paid for, by themselves without their knowledge. What makes matter worse is the fact that because everyone pays the same prices in the vast majority of retail outlets, anyone without a cash-back deal is subsidizing the customers who do’.

 He further goes on the same point with regards to current accounts stating that `this has been going on for years in the form of free banking. Banks give free bank accounts and then make their profits from people going overdrawn’.

In all honesty, he could have made the same point about mortgages, energy bills or mobile phone charges and people with the time and energy seeking out the best deals tends to do well. Others get penalised through higher charges or fewer discounts. Jacksons continues that `instead of charging a fair price for a fair service, companies tend to put all their efforts in hiding charges.

Introductory Deals of Zero Percent – Odious Deceits

It ends up with the poor and financially illiterate supporting the well-off. Why is there no open and honest charge, without all the cross-subsidizing?’ he asks. He states that it is a fair enough question and the one which he constantly puts forth to financial institutes over the years.

There are few notable exceptions most of whom are too frightened of losing business should refrain from competing with the same marketing tricks which their rivals tend to have. The introductory deals of zero percent which credit cards tend to offer are one of the most odious deceits, since people get affected by huge balance transfer fees together with high charges towards the end of the term.

 The faster these tricks or deceits are barred, the better. Consumers should bear these facts in mind and be wary while using the credit cards and avoid the traps the card companies and banks utilise to entice consumers getting them to pay all kinds of penalties and fees.

How To Prevent Identity Theft

Hello friends! Hope you all doing good Now, I am going to share you all information about the identity theft. As a matter of fact, I have enlightened about this very subject through by means of an article found in an online site at moneybusinessexpert.com. The Identity theft is the major threat that most of us may experience the pain of its fatal trap. This is easily avoidable, if you follow some Steps to Prevent Identity Theft and if we practice some simple precautions while using our credit cards. We must remain a follow up of our credit information on usual basis. Credit bureau makes available its client with credit report every year. So get benefit this flair and ensure our account on standard basis. On doing this, we can be clear in our mind that for fear that someone attempt to embezzle our identity, we would be capable to mark it at very near the beginning period. We have got also to save from harm our social security numbers. If you take some precaution then you may save your money and business. To stay behind out of harm's way, we have not to take documents on the subject of it contained by your folder. Memorizing the number will definitely solve this problem. You must as well make in no doubt that it is not written on some piece of paper which possibly will be simply available by others. Hope this information will remain useful for most of you! Thanks!!

Ways to get a Good Credit Card

Today, while I come across Internet, I visited an excellent site which gives us very vast information about the credit cards. Selecting a good credit card is a cumbersome process, with lot of false promises like instant approval, guaranteed approval etc. But you will get a complete solution for all your credit card needs here.

You can compare credit cards offer, by all Brands and Issuer without any hassle here. Once you visit here, you will get a thorough knowledge of how to use the credit card, more importantly how you can earn profit from your credit card.

If you are a student, then you an avail a student credit card from leading brands with huge cash back bonus and earn rewards with your student credit card. Even a cosigner is not required for a student credit card.

If you are an over spender and you wish to control your spending pattern then prepaid credit cards suits you. If you don’t have the record for your spending pattern then you can get a prepaid credit card for you. Using this kind of card, you can avoid unnecessary fees and interest burden.you can compare various card and their offers.

Once you compared and collected various details about the different credit cards and their offers form this site, you can avail the instant online approval from here and you will get the instant result with remark at once.

Then, What next log in and avail  secured credit card  and reap the benefits.