Credit Cards Knowledge Base

There are many things that individuals need to consider while shopping around for a new credit card. One of the things you should really look out for are credit cards with multiple APR’s.

What is an APR you might ask? An APR or, Annual Percentage Rate, is the way that companies issuing credit cards state the interest rate the consumers will pay should they carry over an existing balance, take out a cash advance from an ATM or transfer a balance from another credit card.

There are many credit cards that have multiple annual percentage rates. For example:

There would be different annual percentage rates for product purchases, cash advances and balance transfers. Cash advances on credit cards with multiple annual percentage rates generally have the highest rates compared to other transactions.

Some credit cards with multiple APR’s may have a tiered percentage rate. This means that the annual percentage rate would depend on the amount of the outstanding balance you are currently carrying.

There could be a penalty APR which would mean if you where a certain time period late in paying your credit card bill you would then be paying the penalty interest.

There are also introductory annual percentage rates and delayed annual percentage rates with many credit cards. An introductory annual percentage rate is a generally lower interest rate offered for a set period of time for new cardholders. If a credit card has a delayed annual percentage rate that usually means that no interest will be offered of a set period of time then the credit card holder will have the normal APR in effect for their card.

Being well informed about any possible multiple annual percentage rates a credit card may have is the best possible way for consumers to determine if the card will meet their needs and is worth them getting.

Countless people all across the world love the convenience of using credit cards; however, there are many individuals out there that take advantage of others by stealing their credit cards. So what should you do should you find one or more of your credit cards stolen?

You are going to want to act as quickly as possible and report your credit card as stolen as soon as you can. Many credit card companies have toll free numbers to deal specifically with this type of problem. It may also be in your best interest after reporting that your credit card was stolen to also send a letter to the credit card company with the number of your account, the date you first noticed it was missing and the sate and time you first reported the theft.

The maximum amount you are liable under Federal law if your credit card is stolen is $50. If you report your card stolen before any fraudulent charges are made the FCBA states that, the card issuing company cannot hold you responsible for any illegal charges. If fraudulent charges occur with just the number off your credit card but not the card itself, you will not be held responsible for those charges.

Again, what you want to do as soon as your credit card is discovered as stolen is report it as soon as possible.

There are many ways to protect yourself from having your credit cards stolen. Be extremely cautious about disclosing your credit card information to anyone and never leave the information in plain sight. Tear up receipts that you don’t need and only carry credit cards you are totally sure you are going to need.

Credit cards are a wonderful convenience for millions of people, knowing what to do if your credit card is stolen is the best way to give you even more piece of mind while using them.

Credits cards are used by millions of consumers each day for billions of transactions both online and off. This much credit card use combined with the potential of credit card theft and mistakes on the part of both retailers and Credit Card Company’s lead to the possibility of billing errors. So what can you do if you find there is something wrong with your latest credit card bill?

First of all, if you discover or suspect that your credit card has been stolen and that may very well be the cause of the billing errors on your credit card bill you need to report your card stolen immediately. Contact your credit card company with you account number and the date you believe that the theft occurred. By contacting your credit card company as soon as possible you can correct the mistakes on your bill and limit the monetary amount you might find yourself held responsible for repaying.

If you find you have been charged for merchandise you never purchased or perhaps have been billed twice by your credit card company for an item, these types of billing errors can be corrected simply by contacting your credit card company.

You need to send in writing to the address specifically set aside for billing inquires, a full description of the billing error along with your name address and account number.

Make sure to send your letter certified mail with a return receipt so you have documented proof that the letter was sent. The credit card company must acknowledge your letter within thirty days and resolve this problem within no later then ninety days.

Credit card companies may not punish you for disputing a billing error. Knowing your rights as a consumer is your best defense in correcting any potential mistakes with little difficulty.

There are a great many things an individual needs to put into consideration when looking into applying for or switching to a new credit card. One of these things is the grace period of a credit card. What is a grace period and why is it important?

A grace period of a credit card is a set amount of time where no interest is charged after a purchase is made. The time of a grace period generally ranges from twenty to twenty-five days and differs from Credit Card Company to Credit Card Company. However, the terms of this great “no interest” period can vary from credit card to credit card. There are many credit cards that do not honor a grace period unless cardholders paid their balance in full from the previous month.

So what are some of the differences between credit cards grace periods? Generally, a standard grace period for most credit cards is unless the bill is paid in full from the previous month cardholders would pay interest on their purchases right away. Then there is a full grace period. What this means is that new purchases are not included in the interest calculation so consumers would get a grace period for those purchases whether or not they paid the previous month’s bill. Finally, there are the cards with no grace period. This means that new purchases are included in monthly interest calculations and credit card holders will pay interest not matter if the entire balance from the previous moth was paid in full of not.

So when you doing your research on a new credit card you might want to think about your spending habits before applying. Being aware of your spending habits and knowing what type of grace period will work best for you will go far in helping you find the right credit card.

You can search around for a business credit card online and find many wonderful options and benefits. There are several companies that offer small and large businesses the clout of buying with a business credit card. This will help your business succeed more than you can imagine.

A business credit card will give you another way to have capital for your business so your company can grow and operate efficiently. The main reason that small businesses fail is because they have insufficient capital. Having a business credit card can help you will the high and lows of your growing business.

Having an extended cash flow will help you achieve better in the business world and a business credit is just the right ticket for having a larger cash flow. The credit interest with a business credit card can be a fixed rate credit card or you can have no annual fee which will also help.

There are two different types of credit limits for business credit cards. The first one is preset by the credit card company that you have chosen. The preset limits usually do not carry an annual fee. The next one is no-preset spending limits. If your business has significant spikes then you will have the flexibility need with this type of business card.

As you look around for a business credit card look for one with either a fixed rate credit card or one with low interest rates. Credit card interest and even the fixed rate will vary from company to company.

You can find several credit card companies that now offer a cash back credit card. These types of cards are from major credit card companies and usually offer the cash back as a rewards program. All cash back credit cards have options and benefits that you are sure to love.

As an example a master card credit card offers a cash back credit card in which you will earn up to 2% rewards on purchase. You will receive your cash reward in the mail after you reach the anniversary of your registration date. With the master card credit card the cash rewards are limited to $500 per year with 0% introductory APR on your balance transfer and no annual fee.

The credit card rate on the cash back credit cards will vary according to which company you choose as will the balance transfer fee. But, many are now offering a 0% balance for a certain amount of time.

You will also find that you can receive up to 5% cash back on certain purchases from your local supermarket, drug store and even the gas station. Each company has different options and allowed purchases for their cash back credit card programs.

The best thing to do while searching for a cash back credit card is to find out their credit card rate, their credit card balance transfer fee and also what requirements need to be met in order to receive the cash back. Also, when will you receive the cash back rewards.