Credit Card Data
Credit Card Data
Helping You Find The Right Credit Card
Copyright © 2006
by Atomic Kickstart
All Rights reserved
by Atomic Kickstart
All Rights reserved
Never reply to emails asking you to confirm your password or any other details with your bank or credit card company.
These will almost certainly be fraudulant emails attempting to get your personal information so the fraudsters can use your card or bank details to obtain money or goods.
You should be protected for fraud by your bank or credit card company but if you give away your secret information they might consider you at least partially liable.
These will almost certainly be fraudulant emails attempting to get your personal information so the fraudsters can use your card or bank details to obtain money or goods.
You should be protected for fraud by your bank or credit card company but if you give away your secret information they might consider you at least partially liable.
Credit Card Tips
Never give out details of your credit card unless there is a good reason to do so.
If somebody phones and says they are from your credit card company tell them you will phone them back and use the phone number from your credit card statement not a number they might give you.
If they say they can't answer you on that number then that is their problem. They should be able to.
Fraudsters do ring people and ask them to confirm their details which enables the fraudsters to hijack your acount.
If somebody phones and says they are from your credit card company tell them you will phone them back and use the phone number from your credit card statement not a number they might give you.
If they say they can't answer you on that number then that is their problem. They should be able to.
Fraudsters do ring people and ask them to confirm their details which enables the fraudsters to hijack your acount.
Credit Card Tips
A Quick Guide To Credit Cards
A Quick Guide
The first Credit Card in the UK was the launch of Barclaycard in 1966. They have quickly become accepted as a normal part of modern financial life as an alternative to cash or cheques.
A Credit Card is a plastic card issued by a credit card company which permits the authorised user to purchase products and services from merchants who participate in international membership schemes run by the likes of VISA.
Each credit card is embossed with a unique number and the date the card is valid to, together with the users name. On the back there is a magnetic strip which contains details of the user. There is also a signature strip which the user should sign when they receive the card.
When the card is presented to make a purchase the details of the credit card and the purchase price are transferred to the credit card company where the details will be included in the users account details. The credit card company will then pay the merchant the value of the purchase less a fee for making the transaction. When the credit card company issues the monthly bill to the card user the details of that purchase will be listed and added to the outstanding balance.
Most credit cards will allow up to 56 days of free credit if the whole outstanding balance is paid off before the date the payment is due. If you do not clear the whole balance then interest will be added to the outstanding balance at the current monthly rate for that credit card. A minimum payment must be made by the due date. It is usually either £5.00 or 3% of the outstanding balance, whichever is the higher figure.
If you fail to make the minimum payment then you will usually be charged an additional fee. Typically around £25.00 though these extra charges have been declared illegal by the office of fair trading so these charges may well fall considerably.
Credit Cards are a very useful way of obtaining short term credit. They are, however, very poor as a source of long term credit.
If you need long term credit then you should look at fixed term loans which are usually at much lower interest rates.
For more information on alternative financial options visit www.moneywell.co.uk
The first Credit Card in the UK was the launch of Barclaycard in 1966. They have quickly become accepted as a normal part of modern financial life as an alternative to cash or cheques.
A Credit Card is a plastic card issued by a credit card company which permits the authorised user to purchase products and services from merchants who participate in international membership schemes run by the likes of VISA.
Each credit card is embossed with a unique number and the date the card is valid to, together with the users name. On the back there is a magnetic strip which contains details of the user. There is also a signature strip which the user should sign when they receive the card.
When the card is presented to make a purchase the details of the credit card and the purchase price are transferred to the credit card company where the details will be included in the users account details. The credit card company will then pay the merchant the value of the purchase less a fee for making the transaction. When the credit card company issues the monthly bill to the card user the details of that purchase will be listed and added to the outstanding balance.
Most credit cards will allow up to 56 days of free credit if the whole outstanding balance is paid off before the date the payment is due. If you do not clear the whole balance then interest will be added to the outstanding balance at the current monthly rate for that credit card. A minimum payment must be made by the due date. It is usually either £5.00 or 3% of the outstanding balance, whichever is the higher figure.
If you fail to make the minimum payment then you will usually be charged an additional fee. Typically around £25.00 though these extra charges have been declared illegal by the office of fair trading so these charges may well fall considerably.
Credit Cards are a very useful way of obtaining short term credit. They are, however, very poor as a source of long term credit.
If you need long term credit then you should look at fixed term loans which are usually at much lower interest rates.
For more information on alternative financial options visit www.moneywell.co.uk