Credit Cards at Credit Card | Credit Card Guide

Credit Cards Navigation

Credit Cards Online
Best Credit Cards
Platinum Credit Card
Credit Card Instant Approval
Resource
Interest Credit Card
Credit Card Debt Consolidation Loan
American Express Credit Card
Best Credit Card
Interest Credit Card
Credit Card Applications
Best Credit Card
Low Interest Credit Cards
Credit Card Deals
Credit Card Consolidation
Best Credit Card Merchant Account
Visa Secured Credit Card
Credit Card Processing
Best Credit Card
Virgin Credit Card

2005 Best Seller!

Do You Have Bad Credit? Don't give up!!
Buy it now

Best Credit Cards products

Access Loan.
15,000 Cash Loan - Even With Credit Problems.

Everything You Know Is Wrong!
About Being Debt Free That Is! And it will keep you in debt the rest of your life!

Bad Credit Personal Loan Source.
Bad credit personal loans regardless of bad credit - up to $25,000. Affiliates Earn 60%

CreditHistory.org - Credit & Debt Files.
Cash In On The Vast Credit Market.

What Uncle Sam Doesn't Want You To Know!
Find your unclaimed money that the government is holding. $10 billion in unclaimed money is waiting for you.

Guaranteed Bad Credit Financing.
Receive a loan or credit card even with bankruptcy!

Main Credit Cards sponsors

Credit Cards

Welcome to Credit Card | Credit Card Guide

Credit Cards Article

Common Credit Card Terms

Joseph Kenny

Whether you have a credit card or you are thinking of getting one, what ever is the type of credit card, there is a simple credit card jargon that you must be aware of.

Credit Cards: This is a card issued by a financial institution that allows the cardholder to use credit to purchase goods and services up to a predetermined limit. The cardholder gets a monthly statement and then he/she has to pay back. There is an interest on the amount credited.

Credit Limit: This is the maximum amount you are allowed to spend on the credit card. How much credit limit you get depends on you credit history and the type of credit card you own (gold or Platinum Cards).

Credit History or Credit Scoring: This is your track record of how you have paid accounts in the past. It is important from the creditor's point of view since it determines whether you are likely to pay accounts on time in the future or not.

Gold and Platinum Cards: These are credit cards issued to high-end earners. These have high or no credit limit. They come bundled with a number of services and benefits not available to a standard cardholder.

Annual Percentage Rate (APR): It is the annual interest rate or percentage you pay on the outstanding balance of credit as an interest or fee. It is also called annual interest rate.

Annual Fees: Annual fees is basically a maintenance fee that the credit card issuers charge from the cardholders annually against the costs incurred in maintaining accounts and providing services.

Introductory Period: Credit card market is highly competitive in UK so a number of credit card companies offer a low rate of interest on outstanding balances on your account for an initial period. This initial period is called introductory period, which can last for 6 to 12 months depending on the offer.

Balance Transfers: This is another term that has emerged out of the credit card market competition in UK. Say if you have an outstanding balance in your account on which you are paying interest but you find another market offer that makes your pocket breath easy then you can transfer your outstanding balance to a new account by paying certain percentage of balance transfer. Some credit card companies offer balance transfer as low as 0% in introductory period.

Reward Program: It is a point-accumulating program based on purchases or transactions made on your card. You can redeem your reward point against cash back, discounts or free air miles according to the program you enroll for.

PIN (Personal Identification Number): It is the secret code chosen by you for your card. You can access your money and perform banking transactions through the ATM or make purchases without signing a sales receipt at merchants that have PIN pads, using this code. Don't share your PIN with anyone.
About the Author

Joseph Kenny is the webmaster of the credit card comparison sites http://www.credit-cards-info.com/ and also http://www.smartcreditcards.co.uk/

Credit Cards News

credit cards

LEXINGTON, KY (AP) - Six top officials at the Blue Grass Airport will no longer have credit cards issued by the board after it was revealed that three employees racked up $4,500 in charges at a Texas strip club. Board chairman Bernard Lovely told the ...

Ky. airport officials lose credit card privileges - Wave 3

2008 could well be remembered as the year GB's recovery began. Not Britain's economic recovery, of course, but Gordon Brown's political recovery. But, weighing up the PM's fortunes, it is worth remembering that he is improving from a very low base ...

Brown bounces back to end plotting - BBC UK News

PETALING JAYA: The National Consumer Complaints Centre (NCCC) is proposing that consumers using credit cards to pay for petrol at the pumps be required to key in a personal identification number (PIN) or password. “There should be more efforts to ...

Credit cards at the pumps: Use PINs or passwords - star.com.my

Barclays customers will soon be able to pay their way with the wave of a card as the bank is set to be the first in the UK to roll-out contactless VISA debit cards to its customers. From March, most Barclays debit cards that are issued or reissued ...

Barclays goes contactless on debit cards - WebWire

MEXICO CITY, Jan 6 (Reuters) - Two Mexican banks are launching programs to help consumers reduce credit card debt as a slowing economy threatens to worsen already ballooning loan defaults. After relaxed lending standards in recent years ...

Mexican banks move to avoid credit card defaults - Reuters

From March, any replacement cards issued by the bank will come embedded with NFC (near field communications) chips, enabling users to pay for goods under £10 by swiping their card over a reader, without the need to enter a PIN. In addition, all new ...

All Barclays debit cards contactless by 2011 - Silicon.com

When it comes to New Year's resolutions, Kathy Johnson of Sacramento, Calif., has two simple money-savers in mind: "to get out of debt and pay off all my credit cards." Johnson, a single mother, said her debts have accelerated due to health issues ...

Ways to whittle down your debt - NorthJersey.com

Credit ratings agency Standard & Poor's said Tuesday it expects nonperforming loans to continue to rise through 2009 and into 2010, forcing banks to add to reserves to cover losses. The number of bank failures is also expected to increase amid the ...

S&P projects credit losses will rise into 2010 - BusinessWeek

Caracas, Jan 6 (Prensa Latina) Cutting the official number of dollars Venezuelans can spend abroad with their credit cards has reduced the outflow of Venezuelans to neighboring countries like Colombia, according to reports published Tuesday. Unlike ...

Venezuela Reduces Spending Abroad - La Prensa Latina

A Cumberland County woman pleaded guilty today in an identity theft case that a prosecutor said forced her grandparents to declare bankruptcy. Ashley R. Barrick, 21, used the identity of her Lower Frankford Twp. grandparents to secure credit cards ...

Home | Partners | Site Map | Credit Directory

Credit Card | Credit Card Guide - Credit Cards Section