These days, many people have both a credit card and a debit card account. This can be a very convenient practice as it can augment the account holder’s purchasing power by enabling them to make purchases at merchants who do not accept credit cards. However, owning a debit card in conjunction with a credit card can affect the terms and conditions of the user’s credit cards in ways that they did not foresee. (more…)
How Owning a Debit Card Can Affect The Terms of a Credit Card
Monday, February 14th, 2011How to Qualify for a Student Credit Card
Saturday, January 8th, 2011Because students typically do not have an extensive financial portfolio and are unable to effectively demonstrate credit-worthiness, they most often experience difficulty obtaining a credit card upon arriving at university. If a student card is issued, lenders will usually cover the risks of lending by assigning a number of variables that more experienced card users might not have. Variables such as higher interest rates, lower spending limits, and shorter grace periods are not uncommon. But, there are ways that students can prepare for their first card and possibly even receive slightly better terms than would traditionally be offered. (more…)
Can credit card companies raise my minimum repayments?
Monday, November 29th, 2010One common complaint about credit card companies is that they sometimes raise the minimum repayment amount. This is actually quite legal and in some cases it may even help the credit card borrower.
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Credit cards when buying investments
Friday, November 19th, 2010Credit cards can often be used to buy investments, but there can be some unexpected consequences which people need to be aware of.
Many stock brokers now accept credit cards as a way to pay money into a stock broking account, although there tend to be some restrictions. This can be a very convenient way for a person to transfer money through to a stock broker, and it can mean that a person can effectively borrow the money to invest in a share.
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Credit cards and secured loans
Wednesday, November 17th, 2010Credit cards and secured loans are both forms of consumer finance, but they can be quite different in the way in which they operate which means that they can both have advantages and disadvantages.
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