Credit Score For Dummies

When you apply for Visa credit card accounts you may be applying directly to Visa but it’s more likely you are making application to one of several major banks.

A majority of consumers today prefer to apply for Visa credit card accounts or for the main competitor, MasterCard. Visa is preferred by those who travel worldwide as the Visa logo is accepted at merchants in almost every country on the planet.

With company headquarters in San Francisco, California, Visa is a company using global payment technology to process electronic fund transfers around the world.

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Identity thieves and credit card scammers are more relentless than ever in their pursuit of your personal financial information, and as more people are opting to conduct their shopping and their financial transaction online, the number of credit card scams increases proportionately.  Armed with nothing more than a computer keyboard and a geek’s knowledge of how to prowl the cloud, they work 24/7 from all corners of the globe to find new ways to ruin your life.

This year will see a record number of credit card scams and victims, so it is all the more vital that you do everything you can to protect yourself. Wh

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Private sector lender Development Credit Bank has come up with a new credit card which allows benefits of credit as well as returns of fixed deposit.

Its new offering, the DCB PayLess credit card is linked to a fixed deposit account thereby bringing dual benefits to the customer.

According to Mr Abhijit Bose, Group Senior Vice-President and Head – Retail, MSME Assets and Cards business, Development Credit Bank, “We are launching this card primarily for the micro, small and medium entrepreneurs (MSME) segment, but even housewives, self-employed, and so on, can avail themselves of this product.”

The eligibility criteria for the card requires the customer to set up a fixed deposit account of atleast Rs 25000 value.

Bose added that, “If they place a deposit with the bank, 90 per cent credit is loaded on the card.”

The card would have a repayment period between 15-45 days.

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The most important step when searching for the best credit card deals is to carefully look at why you need a credit card.

Your plan for using a new credit card and a clear look at your financial status will allow you to apply only for cards that suit your needs.

What you plan to buy will help decide the best credit card deal for you. If you just moved into a new home you may need to make a big purchase of appliances or furniture and pay off those charges over a period of time.

For you, the annual percentage rate of interest is important as the finance fees you are charged each month will determine how long it takes to pay your credit debt.

If you currently have one or more credit cards with high rates of interest, you may be looking for a new card with better rates.

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An instant approval credit card offers approval in just a matter of minutes. There is no need to visit your local bank just to fill out and submit your credit card application. Instead, application is done online so it is very easy and convenient.

If you search the market, you will find several credit cards instant approval offers. How can you pick out the best one? Consider the following tips:

Check the issuer’s credit requirement. An instant approval credit card offer is not necessarily a guarantee that your application will get approved regardless of your credit rating. Some credit card companies do have strict credit requirement so if you have a low credit score or a history of bad credit, your application may be declined. B

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When in need of a credit card for bad credit, even more caution is needed. Doing research is essential since a lot of bad credit offers in the market can turn out to be scams. To avoid being ripped-off, you should know exactly what to look for and be aware of the tactics used by unscrupulous creditors.

It is a good idea to check first with your personal bank if you can be extended a credit card account despite your bad credit. Having an existing relationship with a banker can work to your advantage. However, be prepared to submit cash deposit since most banks that offer credit cards for bad credit strictly will demand some form of security.

You can also ask credit unions in your city if they offer bad credit credit card programs or bad credit card credit cards.

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