Archive : Card Technology

Managing Your Cards: Guide to Read Your Monthly Statements – Part 2

Managing Your Cards: Guide to Read Your Monthly Statements – Part 2

In my previous post I have discussed few parts of your monthly credit card statement and here in this article I am explaining the rest of them.if a balance is carried by you then you usually don’t have a grace period, and on new purchases interest accrues immediately. There is also a lack of grace periods for cash advances and balance transfers. For details…

Costs and Fees: Why Your Credit Card Rates Go Up?

Costs and Fees: Why Your Credit Card Rates Go Up?

You should read your credit card agreement carefully. In that agreement the reasons due to which your credit card interest rate may increase must have been mentioned.Late payments and over limit transactions are included in typical triggers, these things might be responsible for…

Costs And Fees: How to Avoid Late Fees on Credit Cards?

Costs And Fees: How to Avoid Late Fees on Credit Cards?

I suggest you that one of the most important things that can be done by you is that you should follow your card issuer’s payment guidelines precisely. You can see these guidelines on…

Costs and Fees: FAQs About Credit Card Fees Part 4

Costs and Fees: FAQs About Credit Card Fees Part 4

If you are planning that you will pay off the balance every month, then now you should be less concerned about the interest rate and you should have more concern about the grace period before which card company start charging you interest on…

Costs and Fees: FAQs About Credit Card Fees Part 3

Costs and Fees: FAQs About Credit Card Fees Part 3

In order to get a low-rate credit card, you don’t have to pay. For reaching a national bank, you surely don’t need a middleman.Your credit history will remain what it is. What you can do is that you can correct errors in your credit report and then you can rebuild your credit over time, but to pay someone a high fee just for the facility of having them find you a credit card is nothing but just …

Costs and Fees: FAQs About Credit Card Fees – Part 2

Costs and Fees: FAQs About Credit Card Fees – Part 2

Question: Usually I pay all my credit card bills on time, but occasionally it happens that due to some reason I miss the due date by a day or two. So my question is that are these exorbitant $35 late fees fair practice?Answer: For this question I’m going to start out on the bank’s side. A credit card in its real sense is a line of credit. The bank has made…

Costs and Fees: FAQs About Credit Card Fees – Part 1

Costs and Fees: FAQs About Credit Card Fees – Part 1

In this series of articles I have tried to answer some FAQs about credit card fees. Lets have a look at the questions related to credit card fees that are frequently asked by the borrowers.Question: My credit card interest rate has been raised up to 29.99% when I was late paying the bill. So my question is that what is the maximum allowable APR on credit cards? Answer: This misconception is popular among the people that…

Costs and Fees: How Finance Charges are Figured?

Costs and Fees: How Finance Charges are Figured?

Here you can check out four of the most common methods that are used to calculate finance charges. But I must warn you that the method alone only tells you a part of the story. To make sure that you are getting the best deal on a card, you should ask the company that how the company calculates the charges and whether they calculate interest…

Credit Reports and Scores: Fixing Mistakes on your Credit Report

Credit Reports and Scores: Fixing Mistakes on your Credit Report

The information that comprises your credit history is not sent by you rather than that it is sent by your creditors. Despite of all the fact, you are the one who is responsible for the accuracy of the information about your financial life that is present in…

Credit Reports and Scores: How to read a credit report?

Credit Reports and Scores: How to read a credit report?

Ok, so now you are having your credit reports in your hand and look at it there are an awful lot of numbers, abbreviations and terms that must have never be seen by you before. There are trade lines, charge-offs, account review inquiries, so now the question is how do you read this thing?I must tell you first that…

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