Posted by Caitlin Tepper | Posted on 12-02-2012
Personal finance experts have long been warning consumers about investigating credit card fees before signing up for a credit card. Believe it or not, there are card holders actually willing to fork over $400 a year to have one of First Premier Bank’s credit cards.
This $400 annual fee card is not designed for the rich and famous. This card is actually promoted to consumers who hold poor credit score but still want access to credit. In addition to the $400 annual fee, the credit card carries an astounding 36% interest rate as well as other high fees that go along with the card.
A First Premier Bank representative stated their card fees are based on the risk associated with the consumer applying for the card. In the case of people with poor credit histories, the risk of credit card payment defaults is significantly higher than with consumers holding excellent credit scores. Th
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Posted by Sofia Ballow | Posted on 10-01-2012
Jan 06, 2011 Earlier this week, InteliSpend Prepaid Solutions announced the arrival of the Expense Visa Prepaid Card that offers corporate clients the ability to more aptly manage business expense spending as well as provide a more fluid administrative process. With over 10 years of B2B prepaid and business expense expertise, InteliSpend continues to bring meaningful advances to their customers through self-serve and custom program solutions. InteliSpend looks to capture more marketshare based on a recent study by the Aberdeen Group that shows businesses with automated expense management processes typically reduce their costs 63% over the competition while at the same time have a 42% higher compliance with corporate travel policies. InteliSpends patented DirectSpend(R) process assists business administration and accounting personnel to control travel, relocation, per diem, entertainment, training and other expenses by industry and merchant.
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Posted by Sofia Ballow | Posted on 15-12-2011
Credit Card Debt Consolidation: Condense your debts and lead a happier financial life. Leaving aside a few, most credit cards charge an outrageous rate of interest on the principal amount. Owing to this, you can land up in a vicious circle when your outstanding amount is constantly falling outside your monthly family budget. In such a situation, there is a continuous drain of funds from your monthly household budget. You end up paying a lot more than you bought. Here is where Credit Card Debt Consolidation can bail you out. One place where we go wrong is when we try paying one credit card bill with another credit card. While doing this, we fail to realize that this act will only increase our existing debt. Earlier it was just one card that we were paying off, now it will be for two. While opting in for Credit Card Debt Consolidation, you must remember that this process cannot instantly free you from debt.
Debt consolidation is a mechanism that takes time to streamline your finances and eventually help you close down on your open debts.
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Posted by Mitchell Wickham | Posted on 25-10-2011
According to Synovate, credit card issuers are beginning to increase their solicitations after hitting their lowest volume in 2009 the lowest in 17 years. The proportion of households receiving the mailings has decreased and the credit qualifications have changed drastically, only those with good to excellent credit are receiving the offers. In 2011, 59% of households are receiving at least one credit card solicitation mailing a month, which is below the 10-year high of 75% and decade average of 65%.
The statistics indicate that credit card debt has gone down and consumers are charging less and paying down debt. Yet Citigroup is trying to obtain more customers and encouraging usage of their card. Citigroup has now surpassed Chase in the number of mailings.
This may be Citigroup’s attempt to appeal to the debit cardholders that have recently been charged fees for using their cards. This resulted from the Durbin Amendment to the Dodd-Frank Act effective Oct. 1, wh
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Posted by Mitchell Wickham | Posted on 29-06-2011
I was looking through some old posts and found this question. I thought it was a good one so I wanted to post an answer here. The question comes from jamshid q:
I had a dispute with citi credit card they try to get my money back and told me not to do anything with the merchant then they said after 4 month they cant do anything I said now its their fault and i want my money back because at time I could just contact the police and get the money back now they refusing it what can i do help me please it is $1500
Answer: why cant you still contact the police?and two: USE PUNCTUATION!! that was one long sentence that took me a few reads to understand.
Posted by Mitchell Wickham | Posted on 24-06-2011
Many of you like the questions and answers on this blog. I just found another one from Mimi who asks
I graduated college in May. Today I got a call from my credit card issuer (Discover) saying I need to update my information. I told them that I graduated but all my other information was still the same (income, etc) since I only graduated approx 2 months ago.Will Discover upgrade the account to a regular credit card, close the account all together or just leave everything the same? What do you think?? Please dont tell me to call and ask I want your opinions or personal experiences. Easy 10 points!Thanks so much guys!
Answer: If your account is in good standing, they will continue the card under the same terms.
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