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Credit Cards eZine
Acclaimsecuredcards.com presents the Information Center – a new and improved credit card news service. We will inform you with up-to-date articles on credit cards for good credit, bad or no-credit history. Get information on best credit card deals for student credit cards, cash back credit cards and business credit cards. Learn about the top deals on credit cards with the lowest APR deals and other hot issues.
Credit Cards Number - Think When You Sign Credit Card Application• Click here to view all Articles... • Click here to view Credit Card eZine Archive... |
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Every day we can find the whole bunch of credit card applications in our mail. Credit card companies offer credit deals for everyone from a student to a business owner. No matter good or bad credit history you have - there is a credit deal for you. Small plastics help you to get movie tickets, cash back, discounts, free flights etc. It makes it really hard to resist the temptation to apply for one more card. But what number of credit cards is optimum? How does the quantity of cards affect your credit score?
It's curious that most Americans carry in average 5 - 10 credit cards in their wallets. According to some articles on credit the average household has a debt of around $12,000. The average annual income for a family is about $50,000 which shows that the debt amounts for 24% of the total income. And this number is without taking of car loans and mortgages into account. What alarming credit card news!
Actually it is rather problematic to define how many cards are best to have. But in general two or three plastics are enough no matter good or bad credit rating you have.
Regard that the important matter is not the quantity of cards, but your outstanding balance. It should vary between 25% and 50% of the available balance on each of your credit cards. The larger figures may indicate that you are not reliable enough, and some creditors won't trust you.
Just think how easy it is to keep a track of only a few cards! Less cards - less headache. And usually we own something like 2 reward cards, 3 gasoline cards, 1 business and so on, making our life more hectic.
I have 2 credit cards and feel absolutely happy. I own hotel rewards credit card and Disney Visa credit card. I need rewards card because I save on travel and hotel deals with it. I travel within the country and abroad a lot. This card is just perfect, because wherever I go I save on tickets, hotels, rentals and cash advances.
I have children, and my Disney Visa credit card helps me to save on Disney programs. I'm saving while I'm making my kids happy. I use this plastic for every day purchases and for attending Disney Park with my family. A tiny card helps us spend time together!
I think my finances are secure. They are entirely under control because I have only two of them. It's good to realize that my cards are working for me, and not I'm for them!
So next time you check your mail box and see the credit card application think carefully whether you really need it or not.
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Comments• eZine Comments... |
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never trusted these plastics sent by mail.
and well, having 2-3 credit cards is okay, really. not more
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Now that oil prices skyrocketed and the country is trying to cope with financial crisis, car owners find ways to lower the costs of car maintenance. Quite a number of banks introduce co-branded credit offers for making purchases at gas stations and other car related spending. Using an auto rewards card, a customer can earn points redeemable for rebates at gas stations, for purchasing new or used car, auto parts, etc. Besides, you can considerably save on paying for car service, provided that you choose a card co-branded with your automobile manufacturer.
As you see, automobile rewards cards work like any other rewards plastic. Some of them provide cash back and rebates, others imply point accumulation programs.
Many people travel by air on the regular basis - on business or for pleasure. This is why plastics for traveling are very popular, being in more demand than cash back credit cards. Consumers reportingly prefer using plastics with hotel or airmile rewards to regular cash rewards cards because travelling rewards are more satisfactory.
It is a well-known fact that credit cards with hotel and frequent flyer rewards are available for consumers with good and excellent credit history. These people can choose among numbers of bank offers in order to find the most beneficial credit card. A wise consumer who wants to keep his high credit score and save his money, knows the importance of choosing the right card.
The lucky visitors of the next Olympics'2012 in London are going to be twice as lucky because they will not have to carry money with them! Visa, the official credit card provider for the next Olympics, promises that all the purchases will be cashless in the Olympic village. What is more, Visa company announced they will issue quite a number of contactless credit cards which need only swiping over a reader. Thus, a transaction will take no more than a few seconds. Credit cards for quick and safe purchases are going to be used on public transport and will work as entrance cards for different events.
It is no secret that consumers today are terrified by regular reports of ID fraud cases. Every day you come across information about unauthorized charges on credit cards, card losses or phishing via e-mail or phone. Once being a victim of ID thieves, a consumer can spend years on repairing the damage of both credit history and finances. However, there are serious measures taken by credit issuing companies. It is quite understandable, because fraudulent activity also results in the significant losses that banks incur.
A group of lenders from Canada and the USA in cooperation with Visa Inc. started a new program for protecting customers from credit card fraud. The program basically provides real time alerts about all suspicious transactions with your credit cards. Thus, the service widely known as fraud alert has become more convenient and fast.


