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Credit card fraud is usually preventable
One of the worst things that can happen to you is credit card fraud. This is even worse if you don't pay very much attention to your credit reports, since you may not find out about the fraud until there are very serious problems to deal with. Even...
Credit Card Wealth Secrets And Ideas
"Credit card wealth secrets," the ad read. I assumed it was yet another over-hyped unworkable scheme. It probably was, but it made me remember the times in my life when I have used credit cards to make money. As Robert Kyosaki says, there's "good...
Get The Best Credit Card Merchant Account
Looking for the best credit card merchant account? Admittedly,
there are a plethora of lenders to choose from when you browse
the Internet for merchant account services. But what are you
really looking for? Do you want an enhanced business...
How To Survive In A Plastic World, Qualifying For Credit Card.
Let’s face it, having credit is no longer a choice. “Don’t leave home without it” is more like “can’t buy a home without it.” Your credit now determines the neighborhood you live in, the kind of car you drive and, sometimes, even whether or not you...
Zero Percent Credit Cards
When searching for a 0 apr credit card, one with 0% annual
percentage rate (apr) for a trial period, one of the best ways
to find a good deal is to compare the credit card rate of
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Secured vs. Unsecured Credit Cards - What's The Difference?
Many consumers have a bit of confusion when it comes to distinguishing a secured credit card from an unsecured credit card. They both carry a brand logo from one of the major credit card companies and they both can be used anywhere that major credit cards are accepted. It is the behind the scene financial activity that determines the difference between a secured and an unsecured credit card.
A secured credit card is a guaranteed VISA or MasterCard that has been secured by a deposit to the issuer's bank. Generally, you must deposit an amount, ranging from $300 to $5000, in a low-interest saving account or CD to secure the credit card.
You then receive a credit line for up to 100 percent of your account balance. Each creditor has its own requirements for how much you can deposit for your credit line. The creditor issues you a credit card by using your deposit as security.
On the other hand, an unsecured credit cards offer just that -credit. When you make a purchase or withdraw cash (usually called a cash advance), funds are drawn from your "line of credit." You pay back the amount you borrowed or "charged" each month, or carry over to the next month (revolve) a certain amount that was borrowed and you are assessed an interest charge.
You are then responsible to pay the interest charge as well. Credit
cards carry a brand logo (e.g., Visa, MasterCard, American Express, etc.) and are accepted by participating merchants. When you use your credit card, the transaction requires a signature.
More details about secured and unsecured credit cards can be found at www.easy-approval-credit-cards.com Determining what type of credit card is best for you will depend on your personal budgeting and spending habits as well as the status of your credit score. People with low credit scores usually have a better chance at obtaining a secured credit card over an unsecured credit card.
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Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published "as is" (unedited) and all URL's are made active hyperlinks with no syntax changes.
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About the Author
About The Author
About The Author
This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To learn more about credit cards or to apply for a credit card online please visit: Visit http://www.easy-approval-credit-cards.com today!
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