a plastic card that can be used by the cardholder to make purchases or obtain cash advances using a line of credit extended by the financial institution that issued the card. The card normally contains the cardholder's name and account number and may contain other information encoded on a magnetic strip. Some credit cards may be used in automatic teller machines.
 

dhyansanjivani.com

Below, you'll find extensive information on leading bad credit card articles and products to help you on your way to success.

Common Credit Card Terms
By Randall

Whether you have a or you are thinking of getting one, what ever is the type of credit card, there is a simple jargon that you must be aware of.

Whether you have a or you are thinking of getting one, what ever is the type of credit card, there is a simple jargon that you must be aware of.

Credit Cards: This is a card issued by a financial institution that allows the cardholder to use credit to purchase goods and services up to a predetermined limit. The cardholder gets a monthly statement and then he/she has to pay back. There is an interest on the amount credited.

Credit Limit: This is the maximum amount you are allowed to spend on the credit card. How much credit limit you get depends on you credit history and the type of you own (gold or Platinum Cards).

Credit History or Credit Scoring: This is your track record of how you have paid accounts in the past. It is important from the creditor’s point of view since it determines whether you are likely to pay accounts on time in the future or not.

Gold and Platinum Cards: These are credit cards issued to high-end earners. These have high or no credit limit. They come bundled with a number of services and benefits not available to a standard cardholder.

Annual Percentage Rate (APR): It is the annual interest rate or percentage you pay on the outstanding balance of credit as an interest or fee. It is also called annual interest rate.

Annual Fees: Annual fees is basically a maintenance

   

Additional Resources How Credit Card Debt Consolidation Can Help Improve Your Credit Standing By saurabh Credit card debt reduction has become a necessity because of the numerous negative impacts of improper and mindless use of plastic money. Be it carelessness of usage or the conceit of users, whatever Read more...

Additional Resources Credit Cards And Their Rewards By Joseph A lot of credit card companies offer incentives to people with large debts. These include 0% balance transfers, 0% purchase rates and long term low interest rates on balance transfers. But people who Read more...

We strive to provide only quality articles, so if there is a specific topic related to credit card that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our bad credit card website.

 © Copyright 2007  - Dhyansanjivani.com  -  All rights reserved bad credit card