15

Chase Credit Card Application Status

In todays world, there’s no doubt about how important to people the credit card has become over recent years. Providing you can manage your debts; is there anything wrong with using your credit card to have what you want right now.
One of the most popular brand names of credit cards in the market today is the Chase credit card. Accepted around the world, the Chase credit card is similar to many others. Aside from Chase credit card, the company also offers travel cards, Auto & Gas cards and student cards.
So there are a number of reasons to have a Chase credit card all of which will be of great benefit to the user over time. Probably the most used feature is its online capabilities used by workers and other people that have little time to go out shopping. Using the web site, secure of course means that managing your finances is only a few mouse clicks away.
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. If you are looking to save money then Chase offers waived membership fees along with other introductory deals including low APR’s.
There is more than one type of Chase credit card and loyal customers can expect to be rewarded when they use the card. For those that don’t fly but still want rewards then they can have a version of the Chase card that will award you points when you spend any money. These points will then enable you to purchase from a Chase credit card catalogue and they will have your chosen item shipped to right next to your doorstep! There are holidays, plus other well sought after rewards and all at no charge to you.
Chase credit cards know that if they look after their customers they won’t lose them; a philosophy that many companies could learn from. Well all like our gifts but knowing that no matter where you are or what you are doing there is someone to talk to if you need them can often mean much more than material goods. You will really appreciate this if you are abroad and your card is lost or stolen because a new card will need to be sent to you as soon as possible.
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. A no annual charge policy and if you pay your bill in full, there will not be any other interest charges to pay. Having a Chase credit card also allows the holder to earn cash rewards on purchases. If you are considering transferring your account or balance, it is easy over the internet with the secure server.

18

How To Successfully Gain Credit Card Debt Forgiveness

It is possible for you to gain credit card debt forgiveness in the present financial system. Debt forgiveness is a much more viable option to declaring bankruptcy. A lot of people with over $10000 in card debt have been able to get off up to 60% of their debts. If you are seeking debt relief, debt settlement and consolidation are the most popular options open to you. Read on to learn more on how you can get rid of credit card debt.

There is a proposed program in place in the financial industry that gives credit card companies the ability to write off debts for certain categories of customers. As the government grant the institutions relief, consumers should also benefit from debt forgiveness. You might qualify if you are enrolled with a debt management plan. Up to 40% of debts can be forgiven. Banks and the credit card companies don’t want pardon programs to be known to customers.

The credit card company can also wipe off what you owe if it falls under bad debt. Writing off bad credit card debt helps companies clear up their books. This makes them financially healthier. According the Nilson Report, financial institutions are expected to write off over 390 billion dollars over the next five years.

You can contact the company directly or through a debt settlement agent to negotiate a reduction in your debt. Negotiation can bring down your debt down by as much as 50% depending on your negotiation skills. When your debt is settled you are required by the IRS to report the write off amount as income on your tax forms.

Debt consolidation involves signing up with a company that negotiates your loans and consolidates them into one convenient monthly payment. It usually comes with less interest. Check the internet for a list of accredited DMPs.

These are the various options available for you to get rid of your credit card debt. However, when debt is written off your credit score could be reduced by as much as 60-130 points. This makes it a bit difficult for you to get credit at favorable interest in the next few years.

Check out the link below

Debt Information Center the internet’s No.1 center for free information on debt management and consolidation.

20

Does Paying Credit Card Off Every Month Improve Credit Score

Are you curious to know how your credit works? Do you want answers to the mysterious questions that have to do with your credit? There are things you should already know and things that will help you with your credit like the answer to, does paying credit card off every month improve credit score? Here are some tips to help you.

First, when you are talking about improving your credit it all has to do with where you are currently. If you have horrible credit, then having a credit card that you pay off each month will help in some regards, but you will still have bad credit until you get some of the other debts taken care of.

If you have ok credit with a few blemishes, then it will help out more because with the positive you will be able to out weight some of the negatives on your credit report.

If you have great credit, then it will not improve your score as much as it will keep your score from dropping. This is because you already have great credit and there is really nothing for you to gain.

Second, you should also know that if you carry a balance on your credit card of more than 25% of the credit limit you were give it actually hurts your credit. Even if you make your payments on time this shows that you are a bit irresponsible with your credit and are willing to allow your balance to extend past the point that is considered responsible by the credit bureaus.

Last, you should know that one late payment will move the entire debt over to the delinquent debt side, which will hurt your credit. So the answer to, does paying credit card off every month improve credit score, is not so simple and cannot just be answered with a simple yes or no. It all depends on your situation and you should be careful what you believe.

Find out how to get your Free Credit Report and make it a Improve Credit Score. Go here for more info:

Annual Credit Report – Why You Need One

16

Consumers Could Pay More if the European Commission Caps Credit Card Fees

The European Commission (EU) has threatened to cap the credit card processing charges that banks impose on businesses and shops. In turn, the banks have threatened to add higher fees and other charges onto cards used by consumers. When it all finally boils down, it’s likely that UK households will take another hit in their billfolds.

As it stands now, credit cards like MasterCard and Visa charge businesses a 0.9 percent charge on all credit card purchases. This credit card fee costs businesses 850 million annually. The charge in debit cards is 0.2 percent. The EU wants to set a flat service charge fee of 0.3 percent.

On further examination, this matter gets more complex. The fees that businesses pay to banks are known as interchange fees. These fees cover the bank’s costs of processing credit card transactions such as fraud insurance and administration. Shops and businesses give banks different interchange fees based on size. Big retailers generating tons of sales tend to pay a smaller interchange fee. A mom and pop store will pay a larger interchange fee. These fees can vary from 2.5 to 0.1 percent.

The European Commission (EC) estimates that this fee payment market has a value of 112 billion. The EC is laying out the argument that the credit card sector is expensive and fragmented. Retailers tend to agree with the EC opinion. The British Retail Consortium (BRC) has been hammering the EC for a decade to end what it calls excessive and anti-competitive fees for processing credit cards. The BRC argues that consumers will benefit via lower prices if the fees are capped. At present, retailers eat these fees and charge them back into the business.

“We’re delighted with this landmark proposal,” said Helen Dickinson, the BRC director. “Capping these excessive and anti-competitive fees will support the UK retail industry by 362 million a year, boosting the industry’s ability to invest and innovate while continuing to deliver lower prices and value for customers,” Dickinson added in an interview at Daily Mail.

MasterCard Europe contends that if this EC cap goes through, consumers will be hit with a 25 annual fee per credit card. Marion King, president of MasterCard, warned that lower fees will result in less income for issuing banks, and that will force banks to charge consumers for using cards.

The EC fee proposal will force credit card companies to separate their payment card schemes from the business division that processes transactions. Essentially, this would destroy the current credit card model. The Financial Times (FT) describes this matter as the final battle in the long war between EU bureaucrats and payment providers. The Commission proposal calls for a 0.2 percent cap on debit transactions. Credit card fees would be capped at 0.3 percent. The EC estimates that EU debit card fees will be cut to 2.5 billion from 4.8 billion. Credit card fees will tumble to 3.5 billion from 5.7 billion.

18

Credit Card Phishing Scams

What Is Phishing? All new technologies come with their drawbacks and it is no different with credit cards. One of these drawbacks goes by the name of Phishing. When a person uses a fraudulent email or online shopping site to get hold of information about your credit card or bank, it is called phishing.

Phishing is easy which is why it is so popular with thieves. In the first instance, it begins with a cleverly phrased email that seems to come from your credit card company or your bank. It usually asks you to provide confidential details for verification. It may also threaten to close your account unless you give the necessary information. Another popular method is to set up fake shopping websites that only accept online credit card payment. You will never get the goods that were displayed. If you comply in either instance, you will end up with a highly inflated credit card bill and a sadly depleted bank account statement.

How To Protect Yourself From Phishing?

The best way to protect your credit card from phishing is to reveal information only after cross checking. Often, all you need to do is contact the concerned bank or company and confirm the email. A detailed scrutiny of the email before dashing off a reply also helps. Such emails usually do not have a salutation like ‘Dear Customer.’ The name of your Credit Card Company or bank will also be spelt incorrectly. Since anti-phishing scanners search text messages, phishers may enclose the message as an image. If your credit card requests are contained in an image, be doubtful.

In case of online shopping sites, beat the tricksters at their own game. For a first time purchase, use a credit card that is about to expire and has minimum credit. If the purchased item does not land at your doorstep within the promised time, at least your losses will be limited and you can be sure that the information cannot be used to perpetuate a bigger fraud.

10

Kotaks Royale Signature Credit Card

Heres the card which lives up the expectations of the Royals. Here is the credit card which offers the most exquisite benefits a credit card can deliver. In terms of services, benefits, offers and discounts; this credit card outshines all other cards available in the market.

If you count on the benefits which this card offers, then definitely, you will be in praise of this card. Lets have a look at, what we, as privileged customers would get, if we take it. First of all, this card has got the Shield called The Royale Shield which means you get a lost or stolen card fraudulent cover of Rs 50,000/- upto 12hours of reporting. Thats a good amount isnt it?

Secondly, this card encases host of benefits you get Royale Priority Attend, which means instead of you reaching Kotak people, they will reach you for services like monthly pay bill. You also get Royale Access to Taj Restaurant and Bars with added 25% savings (this percentage though may vary from time to time). To add more there is discounted membership to privileged clubs like Privada Indias first yatch club which of course sounds incredible. But, thats not all you can also count on other privileges of Kotak Royale Signature Credit Card like reward points on every Rs 100/- spent, lifetime complimentary skin consultancy from Kaya Skin Clinic and complimentary membership to Golf Fee Card and that, certainly sounds Royale.

So, tune in the music and experience the luxury of a Royale life, indulge in the luxuries of life and lead the life King-size with Kotak Signature card.

Royale Signature Credit Cards is just one in the series of Kotak Mahindras newly launched range of Credit Cards. Awarded the Product of the Year, these cards have proven to be the best in the range of credit cards found in the market. Apart from the Signature card, there are three other cards Fortune Gold, Trump Gold and League Platinum Card. Choose from the range of cards offered by Kotak and experience the best from the world of Credit Cards.

4

Getting A High Limit Credit Card

Finding a credit card that advertises high credit limits is not a very difficult process. However, getting a credit card with a high limit is a lot more difficult these days than it was in the past.

A year ago, before all the credit crunch problems began, credit card companies gladly handed out very high limits to consumers. Over the past year, though, the number of credit cards advertising high credit limits has decreased significantly. Despite the reduction in advertised credit limits, it is still possible to get initial credit lines of $10,000 to $25,000 if you have good credit. Unfortunately, theres a little glitch in the process.

We contacted every major card issuer to inquire about credit limits. We found some issuers that offer very high limits and others with average to low limits. Despite these differences, every single credit card company we questioned provided the same answer to the $25,000 question. That is, when asked what the credit limit wed receive was, we were told that the only way to find out your credit limit is to complete the application.

No matter how high your credit score or how clean your credit report, the credit limit you receive from a bank will vary based on a wide range of internal factors. These secret recipes for determining credit limits also vary widely from bank to bank. For example, one bank may only deem you worthy for a $5,000 credit limit, while another may offer you $15,000. The basic deal is this: apply first, get your credit limit later.

On our website, we list offers from credit card companies that advertise their credit limits. Unfortunately, you wont know if you were approved for a high limit credit card for anywhere from a few days to a few weeks.

Fortunately, there are a few maneuvers you can make to get the available credit you want quickly. The first option is to apply for two or three cards that advertise high credit limits. When the cards arrive in the mail, activate the card or cards that offer you the best deal on interest and the right credit limit. If you desired a $10,000 credit limit and you got approved for two cards with $5,000 limits, than you could use those cards together to meet your needs.

Ultimately, getting a high limit credit card takes a little patience and the implementation of a strategic approach. Applying for multiple credit cards is, in our estimation, the best way to get the credit limit you need on a credit card (or credit cards) with the best rates and terms.

5

Advantages of Credit Card Payment Solutions for Business

Consumers today often prefer to pay via credit or debit card. It is vitally important for any business to they make it easy for customers to pay for goods and services. To get set up to receive credit card payments a business needs to research reliable credit card payment solutions. These are also known as merchant payment solutions. These services are necessary because businesses cannot accept credit or debit cards without going through a third party card processing company. Optimal vision payment solutions can be a real asset for a business in need of advanced options.

What to Look for When Researching Payment Processors:

There are many companies that offer Credit Card Payment Solutions to the business community. It is important to note that these services vary greatly. Selecting the best solution for a particular business requires due diligence in researching specific aspects of services provided. It is smart to compare services to see which company offers the highest quality with lots of extras.

Flexibility:

When comparing vision payment solutions with other top services one important factor to look at is flexibility. Businesses competing for every consumer dollar require multiple payment options that are simple to set up and implement. Customers want to pay quickly and easily. It is widely known in the merchant world that consumers are quick to abandon their intended purchases when they come across obstacles to payment.

Advanced card payment solutions include online credit card processing:

Credit cards are a great convenience to consumers and many prefer paying with plastic. Merchants should be able to set up traditional merchant card processing for brick and mortar as well as online processing. Some consumers still prefer to pay by check. Select payment services that provide e-check and direct bank transfers.

Service Fee:

Another thing businesses look for in a good payment processor is affordable service rates. There are some fees associated with setting up and managing an account. Find out what the fees are and seek out vendors that offer competitive rates. Avoid those that tack on high service charges to every transaction. These will add up quickly. Monthly service charges should be reasonable. These fees fluctuate so be sure to discuss how much they charge based on estimated volume.

Security:

Each time a customer uses their card to purchase something whether it be online or offline they are trusting their personal information is protected. Credit card payment solutions always involve security risks. The best payment processing companies will have strong security measures in place to protect consumers against fraud and theft.

Finding the best credit card payment solutions should be easy once a business does their due diligence. The best card processing service provides advanced options, affordability and great security.

9

Credit Card Machines Buying Guide

Credit card machines or credit card terminals allow doing transactions by means of the credit card. Every business that aspires to grow into a larger business should have the ability to handle credit cards. Today, money orders, cheques or cash are simply relics. People hardly use them until and unless the power goes out. Also, banks encourage the use of credit cards to. Once you get a card terminal, you will realise how you can make more profits with it.

Why a business needs card processing systems

A cash transaction using credit cards involve a lot of players. However, in the end, no matter how complex the system may be, getting credit card machines will improve your sales greatly. It is indicated that the moment you gain the ability to accept cards can increase the sales by 23 percent. Therefore, your products will get a larger market. It also improves cash flow, improves productivity, decreases operational costs and enhances your business image.

How the system works

The card payment processing terminal communicates with the bank via a telephone line. It can do the same using the internet connection too. The connection may be wired or wireless. But, usually, the telephone line is used. Some card terminals can also use cellular networks and can do transactions using the GPRS. The credit card information is entered by inserting or swiping the card. It can be manually entered too. This data is then transferred for authorisation and authentication, after which it is funded. Some credit card machines cache the data as authorization might not be available immediately. After the connection becomes available, the payment is processed.

As mentioned earlier, there are many stages involved in how the system works. The customer first chooses a product and buys it using a credit card. The moment the credit card is swiped and the transaction details are provided in the card terminal, the card-issuing bank checks if the data is valid or not, and if there are enough funds to make the purchase.

After the card data is authenticated, the bank sends the payment processor system an authorization code. This authorization is send to the card terminal, where receipt is printed for the customer to sign. The entire process takes only a few seconds.

The issuing bank will then transfer the appropriate amount electronically to the merchants account. Thus the payment is made.

Getting the right machine

There are different types of terminals for credit card machines. Each of these terminals are designed with a specific functionality in mind. Sometimes, the terminals need portability, like in restaurants, while at other times, they need to be fast, like in departmental stores, where there is a long queue. As for the functionality, all include basic transaction and cash back functionality, along with gratuity functionality, pre-authorization and currency conversion.

So, getting credit card machines makes a good business sense. It will help you enhance the customer service and give your business an edge over the competition.

4

Wireless Credit Card Terminal – A Perfect Example Of High Technology That Has Changed The Method Of

We are living in a highly developed society that is completely based on high-end technology and in every field we can experience the contribution made by the latest technology. It has made our life simple, easier and convenient in various aspects and we have experienced the major transformation it has made in our life. One of the best results of this technological development is the credit card that is used for payment of almost every transaction we make. A credit card payment system is much safer and easier than the traditional method of cash payment. Credit card and wireless credit card terminals have changed the method of online and offline shopping.

A credit card swipe terminal is essential for a shopkeeper, who wants to accept credit cards in their shops. Traditionally this terminal has a magnetic strip reader, a display and a keypad. Sometimes a printer is also attached. The latest version of the credit card terminal is a wireless credit card terminal, which is most suitable for restaurants and cab firms. Wireless credit card terminals allow a person to process credit cards electronically anywhere and it allows business to process transactions from mobile locations efficiently and quickly. This terminal is mostly used by businesses that mainly operate in a mobile environment. For mobile business it is the easiest way to conduct transactions for their business.

The working process of the wireless credit card terminal is same as the traditional credit card machine, except that the transaction in the wireless terminal occurs over wireless networks instead of phone lines. The wireless credit card terminal is the most advanced processing terminal and it still incorporates time tested technology to ensure their durability and reliability. Presently some terminals operate on GPRS wireless network giving complete advantage in wireless availability over any other wireless terminals. These terminals are the most cost effective method for wireless credit card processing.

Wireless terminals do not have any wires connected to them hence it can be moved to any place and this is the biggest advantage with the wireless credit card terminal. Moreover these terminals are small, lightweight, portable, and hence it could be easily carried inside a pocket to any place. It can accept the card virtually at any place. These terminals do not require any separate phone lines. Wireless technology is quite safe and secured and it also reduces the chance of fraud or stolen cards. It also eliminates the involvement of hard cash in the transaction thus reducing the chance of error in calculation.