Credit cards - Boon or Bane

Released on: January 13, 2008, 5:58 am

Press Release Author: barbara camie

Industry: Financial

Press Release Summary: The usefulness of credit cards has always been a clouded
issue. There is a misconception on people's minds, that credit cards are more secure
than any other modes of payment.

Press Release Body: Is that so? Let's find out. Suppose you have decided for a
holiday to another country then this is where a credit comes in handy. It is much
safer to use a credit card, than carrying all the money or travelers cheques and
finding the place for cashing them etc.

Credit cards are safe if you happen to pay the dues on time. But the fact of the
matter is that the credit card companies favor those people who purchases more and
delays payment. So many people are scared to a great degree at the very notion of
making a purchase online with a credit card. The very idea of a burglar attempting
to steal your credit card information is frightening.

This is where credit cards having disposable numbers happen to be more popular among
consumers and also to businesses. The companies that issue these cards create random
numbers, which are meant for onetime use. Their validity will be within the websites
from which you make purchases and they will be valid only for a short time period.
This increases the difficulty to robbers, as obtaining this information will be of
no particular use to them. Online retailers and consumers are both benefited by the
safety offered by disposable credit cards. There is a reduction of risk where a
burglar can obtain information relating to an individual regarding a transaction or
account details of a number of people from databases. A retailer can carry out
instant verification and validation of a transaction. There will be no need for
charge backs related to fraud.

The main draw back of a disposable credit card will be that they will not be
feasible for certain transactions. Most of the retailers require the card to be
shown when an item is retrieved from them after purchasing. This is the case with
airline and theatre as well as car and hotel rentals. The card number would have
expired when it will be required for another payment. For most of the people card
numbers that are disposable will lead to safer shopping online. Necessary
precautions need to be taken for making your experience for shopping online
enjoyable and safe.

Interest Reduction of your credit card: The Methods.

One thing that we hate most regarding a credit card will be the interest. Interest
will be added to the account for each month, which is being charged for provision
for borrowing.
It is a way of making lot of money by the adding of interest to card account
holders, without which they would fail to make any money.

But the interest of credit cards for the consumers can really be hitting hard.
Paying even the minimal amounts can be very difficult for some people at times.
Hence rising of interests can become a real concern. Negotiating with the provider
may lower the interest rate or a low interest credit card may be applied for and
your balance may be transferred over.


Web Site: http://www.creditcardapplication4apply.info

Contact Details: 3234 Riveria Apartment IInd Street
Near Admond Park

2122223454

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