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How To Protect Yourself From Pre-Approved Credit Card Offer

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Have you received before a pre-approved credit card offer that sent to you through your email address? If you are not, then you are the lucky one. Most of people who have access to email are receiving dozens of “good offer” from credit card companies. Low-internet rate and higher credit limit are among the good deals in the offers and the best part is: it has been pre-approved to you. Sound good? Well, before you go ahead and accept one. Ask yourself whether you really need it or not. According to the credit card site CardWeb.com, average American household are holding a $10,000 credit card debt. Don’t let you be one of the statistics.

The best way to keep credit card debt down is not to use a credit card. But if you do receive a pre-approved card that intrigues you, at least know what you are getting into before signing on the bottom line:

What interest are you paying? Make sure you understand the interest rate you will be paying for. There are two types of interest rates, fixed-rate annual percentage rate (APR) and variable rates that swing according to the market rate. A better option would be APR because credit card companies have to notify you before raising rates.

The low interest rate being offered is usually only an “introductory rate” which means the rate can – and probably will – increase significantly at the end of the introductory period. This means that balances transferred from higher interest rate credit cards to the new, low introductory rate card could, over the long run, actually cost you more in interest payments. So, be aware of the terms and conditions before you sign to accept the card.

Know that a credit card may carry more than one rate. You may not aware that most of credit cards carry more than one rate. The balance transfer and cash advance normally have higher interest rate. Interest rate shows in the offer normally is the interest rate of your purchases with credit card. Hence, at the end you probably pay higher interest rate if you have balance transfer or withdraw any cash advance with your credit card.

Credit card companies may raise the interest rate if you have late payment. Some credit card companies will immediately raise your interest rate from introductory teaser rate to the regular rate if you are late just one time.

Don’t accept the new credit card offer if fee involved. If there is fee involved with your new credit card, don’t accept the offer. Why pay a fee for a credit card when, with good credit, you don’t have to? If you have good credit, there are many other better offers which you can choose from.

Many of these cards are just preliminarily approved. This means that when you actually apply, the credit card company will reviewing your credit report in full as well as verifying information provided on your application. Terms and conditions may change according to your qualification, such as higher interest rate or smaller credit line. And if your application is rejected, it could cause at least minimal damage to your credit report.

So, in order to protect yourself, you need to carefully read all of the fine print in the offer and, if you don’t fully understand and like everything you read, throw the credit card offer away. Even if you fully agree with the stated terms and conditions, do some calculations to be sure that the lower introductory rate, especially in the case of balance transfers, will actually save you money over the long run.

Compare Various Credit Card Options In Uae As Per Your Requirement

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UAE is a sole marketplace that is overloaded with the credit cards which surly matches all the requirements and demands of the customers. Well getting a genuine credit card is not that easy because a lot of companies are present who declare to offer great credit cards with numerous advantageous, but at the end they may cheat you to pay really very high. Therefore, it is very essential to compare the numerous credit cards which are available in UAE in order to assure that you get the best deal for yourself that matches all your needs and has low interest rates.

It is very essential to compare the various credit cards as there are loads of cards that are offered in the marketplace of Dubai but all of them might not be genuine. The significance of comparison should not be ignored at the time of expensive and any important shopping. When you compare the different types of credit cards that are offered to you, then you will get a chance to know the various features of the credit card. It gives you an idea of the various capabilities of the credit card that you hold in future whilst considering your expenditure habits.

There might be a lot of credit cards in UAE, which might be best for your friends or relatives by not very good for you. Your requirement may not match your relatives requirement. Thus, before applying for any credit card, it is very important to figure out your requirement.

Without doing a fully fledged comparison of the credit cards in the Dubai market, there might be a chance that you end up in a huge disaster and incur a huge financial loss. Thus, while you decide to get a credit card for yourself in Dubai, look out for the various options that are available in UAE and only after making a deep study, apply for the credit card that suits your entire requirement and also has a low rate of interest.

Chase Continental Presidents Club Credit Card

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There is no doubt about how important to people the credit card has become over recent years. Saving can be difficult to do but we are all happy to have debts and the credit card does enable us to have things when we want them and quite often when we need them.

When you think about it, there aren’t that many credit cards that are household names but the Chase credit card is one of them. As with other well know credit cards like Visa and MasterCard, it can be used wherever you are in the world making it a truly global credit card. But it doesn’t stop there as the company responsible for the Chase credit card also has other service cards to help with travel, vehicles, gas and a special one for students. So the Chase credit card has many uses and is a reliable companion for you everywhere you go. For many people that work long hours, the internet is often the only way they can do any personal shopping. Aside from making it easy for the customer to maintain their account online, Chase credit card lets you check your balance and pay your bills through a secure web site.

For some people, the ease with which they can go online to manage their account is the only excuse they need to own a Chase credit card. No membership fees, low APR’s and special deals make for an attractive credit card package.

Reward programs to thank the Chase user are quite normal with all the various Chase credit cards. I suppose it is up to you which type of card you decide upon as they are designed to suit different types of people. Once you have accumulated enough points you can cash them in as it were, for anything that is shown in the catalogue. There is bound to be a reward just for you including trips if that is what you like. Chase credit cards know that if they look after their customers they won’t lose them; a philosophy that many companies could learn from. Ok so the gifts are great but how many companies will give you excellent customer support twenty four hours a day? This service comes into its own if there is a case of a lost or believed stolen credit card, when you need a replacement, fast!

If you are thinking about transferring your balance then this is the way to do it with a guaranteed six month zero percent interest rate which also incorporates current purchase balances as well. If you pay your bill in its entirety each month then you will not have to pay any interim interest. Apart from the catalogue gifts, Chase will also give cash rewards to holders that purchase goods with the card. Many people are put off of transferring balance because there is usually a fee but Chase has waived this charge and it can even be done securely on their web site.

Reward Points On Credit Cards A Perfect Enjoyment

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Credit card companies offer varying benefits and promotions to entice their customers to use their credit cards not only in their everyday purchases but also for major buying decisions. One of the promotions that credit card companies have is the rewarding of points to their users for every purchase that they make.

Credit card holders are often enjoy reward points raining on them. Frequent festive seasons always induce the card holders to enjoy shopping with reward points. Todays customers are debt-shy and they spend like anything. They enjoy earning reward points while spending. Credit cards are heavily loaded with reward points give the opportunity to enjoy holidays at exotic locales, shop for jewellery, fashion accessories, apparel, electronic equipment, cosmetics, etc. Banks have a penchant for giving a reward with their left hand, and simultaneously charging for it with their right hand. Card holders must be aware of a host of complicated rules and regulations before letting themselves be swayed away by these so-called lucrative offers. To begin with, banks do not conform to a uniform set of reward point schedules. For instance, while in case of American Express Bank, card members receive one point for every Rs 40 charged on their credit card, ABN Amro Bank credits one point to the customer for every Rs 50 spent. Standard Chartered credits one point for every Rs 125, whereas Citibank rewards you one point for every Rs 100 spent. Private sector ICICI Bank awards you one reward point for every Rs 200 charged on their card. Also, ICICI Bank links the reward points to the slabs of amounts spent, i.e. upto Rs 75,000 or above Rs 4,00,000. The main hitch here is that redemption of reward points is only after accumulation of minimum required points of 500.

This apart, banks also follow a pattern wherein they credit varying amounts on every point earned, depending upon the card categories. Citibank rewards cardholders Re 1 for every point earned on the Citibank Platinum Card, while the Diners’ Club International and Citibank Gold cardholders receive only Rs 0.65 for every point gathered. The Citibank Silver cardholders on the other hand get Re 0.50 for every point they manage to accumulate. The difference in redemption structures also creep in, based on the outlets offering you redemption facilities.
Whereas to avail of vouchers, redeemable at Zodiac, Wrangler, Arrow or Titan, you should have accumulated a minimum of 500 points. Being a cardholder, it is mandatory to find out the cash transactions that curtail your eligibility to these programmes. Most banks restrict their customers from treating cash withdrawals, interest charges, card fees, demand drafts, service charge transactions, disputed transactions, purchase of foreign exchange, EMI transactions, travelers cheques and other insurance charges as opportunities to accumulate reward points. The rewards points can also be redeemed online by logging in to the concerned bank’s Web site and visit the “Reward Points” section on the credit card page. To web-enable the credit card, fill up the account linking form available on the site. Select the rewards catalogue for the card and accordingly, choose the products or vouchers for which an online order has to be placed. The product or the voucher is then delivered at doorstep.

Card-issuing banks offer cardholders the facility to seek an annual fee waiver, by adjusting the amount against the reward points. One also should check on the available timeframe within which cardholders need to redeem their points. Cardholders cannot exercise redemption rights on expired or delinquent cards. A frequent traveler credit card rewards system for example, a card user who purchases groceries, gas or technically his daily purchases, may have an equal travel reward points awarded to him for every dollar he spends on his regular purchases. On the other hand, should he ever buy plane tickets from an airline company co-sponsoring the credit card hes using, the reward points that he may earn may be higher as this is also one way to help promote the airline companys latest promotions or travel packages.

Credit Card Leaders Visa and American Express

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When it came to getting a credit card, millions of consumers all over the world chose Visa cards, which allows them to manage their finances in a better way, while enabling them to choose a system of payment for their purchases, either in increments over time or at the end of each month. Visa cardholders are offered the opportunity to pay for their purchases in the manner and at the time that work best for them.

Getting a Visa card can only be possible after you have contacted one of the banks that issue Visa cards. The good news is that the Visa cards are so widely spread all over the world that chances are youll find such an organization quite close to you.

The types of cards offered by Visa through its issuing members are credit cards, debit cards and prepaid cards.

With a Visa debit card, the customer can have access to his/her money regardless of their location as long as they see a Visa symbol. The money is deducted from their balance, with no interest. There are many advantages to using a card, such as saving the trip to the bank or the need to queue up for a cash dispenser, or being safer than carrying money. When you lose money, its gone forever. However, if you should happen to lose your Visa card, it can be stopped as soon as it has been declared lost or stolen, and be replaced afterwards.

The are several types of Visa debit cards, including Visa Electron, most popular in Central and Eastern Europe, Africa and the Middle East and ideal for a wide range of customers as it has in-built security features; Visa Classic, designed for those who use their cards everywhere, be it the real world, the Internet or by telephone; Visa Gold, whose most important benefit is that your card or cash, or both of them, can be replaced, should it be lost or stolen; and Visa Platinum, designed for high-spenders who can enjoy its top-level services.

Visa prepaid cards allow consumers to control spending, as well as to send money home, pay for their trips, teach their children money management, or even give it as a gift.

With Visa credit cards customers are offered a whole new world of possibilities, being exceptionally reliable and convenient.

Another company best known for its businesses with credit cards, charge cards and travelers cheques is American Express, or Amex.

American Express issues a great variety of credit cards, each with specific benefits, so as to please and meet the needs of all their customers. Consumers can choose from the American Express Card, America Express Gold Card, Rewards Plus Gold Card, Platinum Card, Blue form American Express, and so forth. The remarkable benefits of the American Express credit cards include personal service and attention at an exceptional level, use membership points for traveling, shopping and entertainment, access to entertainment events, special travel privileges, and many more.

The American Express Gift Cards have special offers from participating merchants and retailers all over the nation. The American Express Gift Cards can be purchased for any occasion, and in an easy manner, as they are available online.