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“Grace Period”

Any credit card you apply for has a grace period. Grace periods on most cards extend up to 25 days, while other cards have less timeframe for grace period. The grace period is important since if you go over the cycle you are subject to penalties, fees, and higher APR.

Few of the lower rate cards offers may not have annual charges, and may have low interest rates. For example, few cards offer no annual charges, no cash advance fees, yearly summary, security on purchases, protection price plans, insurance, 25-day grace, limits up to $35,000, and low fixed rates as low as 9.9%.

This is one of the better deals over the Internet and the cards are located on a secure site. Other cards the company offers APR reach up to 14.9%, however each card offered has a grace period up to 25-days. I have noticed few cards that have 20-day grace period, and frankly, this is not enough, since most all other cards offer 5-days longer. continue reading…

“Credit Reports”

Credit is important more so now than ever. Each one of us requires credit for virtually everything we pursue. Even if a person is rich and spend money, never adding anything on your personal credit report; later down the road when you need help, most creditors will turn you away. The three major credit bureaus that store credit reports where consumers can get copies of their personal credit reports. The companies are Equifax, Trans Union, and Experian.

After you review your credit reports, you can determine what type of cards you need to apply. If you have bad credit or no credit there are credit card providers’ accessible to help you mend your credit. Techniques existing that allow debtors the ability to make small monthly installments, which are distributed to the various creditors where you owe money. The plans will continue until the amount is paid in full. continue reading…

"Identity Theft"

These are some basic steps to take to prevent online and offline identity theft:

In the case of Credit cards, Debit cards, and Credit reports:

1. Reduce the number of credit and debit cards carried in your wallet. While using debit cards take advantage of online access to your bank account to monitor account activity frequently and report evidence of fraud to your financial institution immediately.

2. When using your credit and debit cards at restaurants and stores, pay attention to how the magnetic stripe information is swiped by the waiter or clerk because devices called skimmers can download the account number data onto a personal computer.

3. Do not use debit cards when shopping online, instead use a credit card because you are better protected in case of fraud. continue reading…