Posted on 20 July 2010. Tags: account, bank accounts, banks, consumer report, credit card, Credit Cards, debit card, debit cards, finance, gas stations, hotels, overdraft charge, restaurants, rewards on credit card, rewards on debit card
Which Card You Should Use?
52% of all the payment-card transaction will be made on debit card in the year 2010, noted by Consumer Report and they are also expecting that the use of debit card will increase as compared to credit card. Consumer Report also stated that debit and credit cards should be used only in certain times, for details read below.
Where to Use Credit Card
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You should use your credit card for making big purchases because it allows you to withhold your payment if you see something is wrong with your purchase, and your card issuer will investigate that for you. Credit card also allow you to get additional protections against various frauds and scams such as identity theft, plain old theft etc.
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Posted in Credit Cards, Debit Cards
Posted on 30 June 2010. Tags: debit card overdraft fee, debit holds, NSF, overdraft charge, overdraft fee
5 NFS changes that will be implemented on Debit Card from 1st July 2010
New credit cards rules are going to take affect on 1st July 2010. You must understand and know what will affect you and how it will affect you if you are a credit card holder. The affect of the new rules on debit cards and NSF fees are the important aspects the new rules. Following are the Fed rules for the debit cards and NSF fees that are determined for the consumer protections.
1: You can Now Opt in For Debit card and ATM transactions
According to the new rules financial institutions are now required to give their existing and new customers opt in right to the overdraft service for ATM and one time debit card transactions of the institutions. This rule is will be a hard working rule for banks because now they have to do hard work to make their customers agreed on the NSF charges. This rule is quite different from that of opt out option.
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Posted in Debit Cards
Posted on 21 June 2010. Tags: credit card, debit card overdraft fee, debit crad, online balance, overdraft charge, overdraft fee, transaction
Here are the 6 most effective tips to avoid debt card overdraft fees.
Don’t Rely on your Online Balance Only
Most of the time, your credit card transaction will be instantly sent to your online account. If you only rely on this transaction that is sent to your online account instantly can put you in the bad credit bank account. Try to keep your own record of all of your transactions to avoid misunderstand your balance.
Keep an Emergency Fund
It is a wise idea to save something for raining days. You should have at least a minimum amount of $100 that you could spend in bad days. This emergency fund is for providing your debit card an extra security.
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Posted in Credit Cards, Debit Cards
