Theres no shortage of resources available telling you why college students should not have credit cards. Indeed there are some very valid concerns about college students and credit cards which are address later in this article, but there are also a number of good reason parents should help their children obtain a credit card heading off to college. This article covers some of these reasons.
You’ve Been Pre-approved
You have seen it before. Perhaps you are one of the millions of people who see these words everyday. They come directly to you courtesy of the postal service via your mailbox. These words likely appear in your email several times daily as well. You have been pre-approved for this credit card or that credit card. The mailings are quite luring as well. They offer great percentage rates, excellent balance transfer deals, or even exciting rewards.
What You Should Know Before Applying For A Secured Credit Card
If youve had some financial difficulty or found yourself in over your head with credit cards, you might be hesitant to have credit cards. Unfortunately, credit cards are almost a necessity in todays society. If you plan to travel you need a credit card to make car, hotel or plan reservations (even if you plan to pay cash once you arrive at the airport or hotel)!
When Credit Cards Are Disputed
When you set up shop and allow for payments via debit and credit cards, there are numerous advantages- including spontaneous shoppers, and people who will buy more when they can put it on a credit card, but there are also a few disadvantages as well. One issue many retailers discover when they first start accepting credit cards is not only will they be responsible for paying the various fees associated with accepting credit or debit cards as payment, but accepting credit card…
Third Party Credit Card Processors
If youre a small business or just starting out, you may not feel ready for a merchant account. Obtaining a merchant account is not usually considered difficult, however, for a newly established business it isnt always feasible to run out and a merchant account immediately. Starting a business is often costly and risky to begin with- you do not need to go out and spend money on optional features (like a merchant account) until you know whether or not your business is going…
Playing The Credit Card Game: Avoiding Late Fees
Did you know that some credit card companies purposely send their customer bills out so late in the billing cycle that you would literally have to submit payment the day the bill arrives in order to have any chance at getting the payment in on time? Its a tactic that many of the companies use to increase the amount of money they earn off their customers on the late fees.
How To Combat Credit Card Fraud
Mail Order companies and E-Commerce Web operators are constantly faced with a higher chance of incurring a fraudulent credit card transaction than are merchants who operate physical storefronts.
How Business Owners Can Choose A Credit Card
Small business owners now have a wide variety of credit cards to choose from, and it makes it difficult to choose the best one for your small business. As a small business owner, you will need to decide which features you think that the company will use most often, and if they are worth using and having, before applying to a card. Many of the credit card companies now offer many attractive tools that can and will help each small business owner in their everyday spending and t…
Credit Card Processing Options For Home-based Business Owners
Are you the owner of a home based business that wants to be able to accept credit cards payments from clients or customers, without all the high fees that typically go along with it? Well, now you can thanks to e-commerce and the internet.
Credit Card Theft Hurts Retailers And Credit Card Consumers
Thanks to the zero liability policy offered by most credit card issuers, if your credit card is stolen youre typically only liable for a very small portion of the unauthorized purchases- if any. Even if a thief charges thousands of dollars on your credit card, a zero liability policy means you dont pay for it.
Credit Monitoring Services
Online credit monitoring services provide consumers with a suite of tools that help you to take proactive action in monitoring your credit report, while protecting your credit and identity information. Monitoring services notify you via email and/or wireless telephone instantly of any changes made to your credit report, which can help you identify fraudulent activity faster, and therefore minimize the negative impact it would have on your credit.
Credit Vs. Debit: Which Is Better?
Most people either personally own or at least know about credit cards. Credit cards are small, rectangular pieces of plastic that can be used to purchase items in stores and on the Internet in place of cash. All of the many different types of credit cards in existence come with very specific and individual credit terms and conditions that state when payments must be made on credit balances, how much interest must be paid on out-standing credit balances, and what will happen t…