A asked:


People can be turned down for things like loans not just because of their credit, but because of the TYPES of credit card charges. Some offenders are marriage counseling and opening tabs at the bar. What are some others?

Lonnie

I Like Chicken asked:


Someone put fradulent charges on my credit card 2 years ago. I mailed in 2 affidavits and Chase Bank removed the fradulent charges, but are still charging me $80.00 in late fees for these charges. I’ve called them every month, and have closed the account, but no one has zeroed out the balance.
Thank you very much! All the help is appreciated very much!

Jeremy

Joseph Kenny asked:


The two leading credit card companies in the world today are the competitors Visa and MasterCard. They both operate along very similar lines. While Visa can claim to have almost a billion cards issued, MasterCard has over twenty five thousand banks issuing its cards and it is difficult to find any difference in the number of locations worldwide that accept the cards, which is now estimated at over twenty million.

In fact, as far as most consumers are concerned, there is no real difference between the two. They are both very widely accepted in over one hundred and fifty countries and it is very rare to find a location that will accept one but not the other.

However, neither Visa nor MasterCard actually issue any credit cards themselves. They are both simply methods of payment. They rely on banks in various countries to issue credit cards that utilise these payment methods. Therefore, the interest rates, rewards, annual fees, and all other charges are issued by your bank and when you pay your bill you are paying it to the bank or institution that issued your card and not Visa or MasterCard.

How Visa and MasterCard make their money is by charging the retailer for using their payment method. So the truth of the matter is that a Visa issued by say the Bank of Scotland will have very little to do with a Visa issued by other banks and may in fact by more similar to the Bank of Scotland’s MasterCard.

What this means for the vast majority of customers is that you do not have to overly concern yourself with whether a credit card is MasterCard or Visa. You would be better off concentrating on the interest and other charges on the card, the balance transfer possibilities or their reward scheme. You are very unlikely to ever be effected by the fact that it is one and not the other.

If you prefer, if you are going to have two credit cards, you may decide that you want one of them to be Visa and the other MasterCard, this means that if something drastic were to happen to one company, or if you were in the unlikely position of finding a location that accepts one but not the other, then you would have the option of paying with either.

At the end of the day however, much more depends on the bank that gave you the card, than on the type of card it is.



Daniel

2nd Commander asked:


say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all those years of building the credit limit to help the credit score. what happens to it? and what happens to your score? i’m just curious.

Bernard

Eric Wasselman asked:


According to www.bankrate.com, the top three MasterCard’s based on carry a balance were issued by Capital One, Pulaski Bank and Trust Company, and.

Capital One

The Capital One MasterCard was listed as the best for card holders who generally carried a balance on their credit card. The card had a variable APR (Annual Percentage Rate) six point nine percent (6.9%). There was no annual fee, although other fees apply.

There is a twenty five days grace period

However, many of these benefits were only applicable if the card was applied for online, plus the APR could change based on the applicant’s credit history.

Pulaski Bank and Trust Company

This personal standard MasterCard offers card holders a low APR seven point nine nine percent (7.99%), which was also a fixed rate.

The Pulaski Bank MasterCards listed here were the personal standard and personal gold card. Both attracts annual fee of $35 and $50, respectively. Both cards also had an overlimit fee of $29, but no fees were payable for cash advance.

Fifth Third Bank

Fifth Third Bank’s platinum MasterCard was rated third in MasterCards based on APR rating where balances are carried forward. The card offers an attractive eight percent variable rate APR. This card a prime rate card so only applicants with great credit will qualify for the eight percent. However, other applicants if they do not qualify for the prime rate will not have to pay the $85 annual fee.

Other fees include a $39 charge for late payments and $35 for overlimit spending.

A twenty days grace period is available as well which is good if you sometimes have difficulty paying on time.

These benefits are also available to qualified applicants who apply online and live in certain states.



Jacob

Beth Derkowitz asked:


MasterCard credit cards are one of the most common types, and they are widely accepted around the world. MasterCard is a method of payment, but the credit cards are not actually issued by MasterCard. Instead, the cards are issued by banks or finance companies that contract with MasterCard. The banks write their own offers, so details can vary widely depending on which bank issues the card. Here are five tips to help you choose the best MasterCard credit card for you:

1. Know your credit needs and habits. Do you use your credit cards frequently or just for emergencies? Do you pay them off quickly or carry a balance? Do you want a card for a specific purpose, such as earning rewards, building credit or transferring a large balance? Knowing how you want to use your credit card lets you identify which options fit you best.

2. Consider which features are most important to you. Depending on how you use your new card, certain features will be much more important than others. Are you looking for a low introductory APR, or is a low fixed APR more important? What about a great rewards program? Make a list of options you want and prioritize which are most important. This can help you to evaluate which card you will get the most out of.

3. Compare cards issued by several different banks. Because different issuing banks may offer very different terms and options on their credit cards, considering cards issued by several different banks shows you a wider range of available options.

4. Read the fine print. Reading the terms of the credit card agreement carefully before applying can help you to avoid unpleasant surprises later on. Be sure that you understand all the terms of the agreement, including fees, interest rates, credit limits, grace periods and rewards terms.

5. Check several sources of information. The Federal Reserve publishes a survey of credit card terms every six months, and there are several websites on the Internet that let you compare credit card offers.



Vanessa

barefootbabee asked:


My wonderful , but obviously money happy boyfriend has accumulated around $13k in credit card debt. He has 4-5 credit cards, one with a balance of $7k. He does not own a house. We tried the bank where he has his truck loan through, but he cannot get a loan because he has no collateral. What can he do now? We want to start moving in the direction of marriage and a family, but not with this looming over us. What is the best way to resolve this issue?

Clinton

Mario Churchill asked:


Choosing a MasterCard plan is simple especially if it is done http://www.mastercard.com

There are many sites that offer MasterCard but this sit is the best. This site displays everything needed to make the applying simple. Without a membership applicants can choose this site many options suitable for their financial needs. For example, applicants will find on the MasterCard site the front page which allows viewers to see this in many countries. The greeting page displays personal card displaying different card programs available. This site shows credit cards programs such as, prepaid cards, Credit cards, Debit Cards, Gift Cards, Business Cards, and much, much more. The website, displays cards that promote savings and services offered by MasterCard. Master card logo is displayed worldwide; therefore you know that MasterCard is a name that is trusted. MasterCard has many incentives programs. Such as, their reward program which offers hotel discounts and travel discounts for its members. The have different levels of services card for members including gold and platinum cards. MasterCard offers cards for students and business worldwide. MasterCard has money making opportunities for customers. MasterCard customers can utilize their program to profit and make money. They offer customers a chance to sell their products on a card holder’s website. A customer who wants to make money can research there website and see the many opportunities that they provide. The MasterCard promotes safety and assurance that member get quality protection when signing into their accounts.

MasterCard website promotes high quality protection program which provides safe entry for account members. Account holders have access to their account information and make payment comfortably and safely from there home. Customers can view their monthly bill and make payment with their easy payment service. They offer saving from participating merchants and show you how you can save purchasing at participating members stores. They have a low introductory offer and low on going rate. MasterCard’s rewards and cash back incentive programs. Also, MasterCard has educational services that provide information about MasterCard’s, businesses, companies, corporations and publics sections. MasterCard’s risk management solution center is continuously searching for technological upgrades to guard against fraud and identity theft. Their security system monitors employees to assure customers of quality service as well as protection. They are continuously upgrading their monitoring tools designed for quality assurance. They use a diagnostic tool that provides purchasing protection for customers around the world. MasterCard’s is a card used globally and because their high technology proves the loyalty provided to each customer. MasterCard is a plan that many chose for making purchases, travel and other financial needs. Again, Choosing a MasterCard is easy. Seeing all that MasterCard offers on their website gives applications the comfort of knowing that they are choosing the right the card plan. MasterCard is used around the world and is a valuable name many can trust.



Rita

Mary Moon asked:


I have zero credit. I have been trying to gain good credit but no one will give me a loan, Target and Walmart refused me their credit cards because I have no credit. So I got an offer from Capital One for their credit card, and they approved me! I was so excited but now I am hearing the horror stories about them. If I keep my card for a year, charge as little as possible and pay slightly over the minimum would I have enough good credit that I could cancel the card and get myself a better one?

Edwin

Jason Roberts asked:


The way that we deal with money has changed greatly in recent years. In the old days, everything was done with cash or ‘paper money’. Later, banks went to checking and then quickly into the newest mode of finances that has become a way of life: credit. Credit companies such as MasterCard have changed the way companies and individuals do business. With credit cards, there are none of the problems, inconveniences and risks associated with using cash in transactions. Credit cards are easy and effective, and this is why so many Americans do most of their shopping with them. MasterCard and the other large merchandisers of credit cards have become powerful and also responsible, and now the limits of their responsibility are being tested.

In past months, hackers have been finding ways to compromise financial information using information technology. Somehow, online infiltrators ‘crept’ into a database and discovered the personal information of as many as 13 million MasterCard cardholders. Other attacks have threatened other credit companies as well. MasterCard has claimed that CardSystems, a third-party merchandiser, is responsible for not having guarded the information that was compromised. The database of CardSystems was where the breach occurred.

In answer to consumer concerns, MasterCard has mentioned the ways that cardholders are not liable for problems arising from the event. Cardholders should promptly report any instances of credit fraud on their personal accounts as always. The credit companies generally do not hold cardholders accountable for bad charges if they ae notified in time to stop payment or deal with the problem.

Now MasterCard has come out with a number of products that aim to cut down on credit fraud, idenitity theft, and all of the things that consumers are worried about because of the ways that credit cards and credit information have become vulnerable. One such product is Securecode, which deals with the way that credit works over the internet. Using products like SecureCode, a pc user can guard against the common types of theft that happen online.

Many hackers take credit card numbers from the net using ‘infiltration’ technology that goes through an open connection. Wireless systems are particularly vulnerable, although the process of encryption means that the numbers themselves would probably not be directly accessible. In any case, working with merchandisers and also using typical internet tools like firewalls and anti-virus programs means that conumers can decrease the chances of direct theft online. Someday, househols might be able to do online commerce without the fear of an accidental security breach. Until then, caution and discretion are key, and a frequent check of the card’s status also helps.

Despite problems, companies like MasterCard continue to evolve and work with their customers to ensure that the credit system will continue to play its vital role. With consumer confidence, the familiar MasterCard name will be with us for many years to come.



Harry