Debit Card, Prepaid Card by Credocard Ltd
Are you credite?
The credits are important from every aspect of the financial world. The world is moving towards the user interface easy accessibility. The better user
interface is what the financial world sought out and introduced the credit cards in the market. The credit cards are payment cards issued to the users. The
fair trade policy is signed between the card issuer and the card users.
A revolving account and the grant line of the finances are issued by the issuer. The payment is made by the user to the merchants. The issuer can be a
bank.
How does it get credited?
The amount is paid by entering a PIN-(Personal identification number).
The world has gone indeed gone invisible. A term called the card not present transaction (CNP) validates the user through verbal authorizations and
electronic authorizations. The other mode that further does the validation or verification is the credit card payment terminal or point-of-sale. The
magnetic strip or chip releases the data on the card. In the United Kingdom, it is credited as chip and PIN.
A financial statement is sent to the credit card user’s address, which includes the all the transactions credited each month are mentioned.
What’s cooking in for you?
• You are convenient handling all the transactions.
• You are liable to a short term loan quickly without any calculations for the remaining funds.
• Afraid of fraud? No worries…credit cards are less fraud prone.
• The benefits and rewards- bag a lucrative deal.
• Merchants are in for a secure deal. It serves to be a safer mode of transaction preferred to cheques. The payment responsibility lies with the bank
even if the customer funds duck.
• The evaluation of the credit history is as well done by the bank. The merchants can well be relieved.
What’s bad for your financial health?
The higher interest rates can lead to bankruptcy: You miss a payment and some companies offering credit card luxuries can turn bitter by putting 20% t
o30% of the levy.
The consumers face inflated pricing: The interchange fees and discount fees have to be paid by the merchants on all transactions. Resulting, the merchants
sometimes charge their due for interchange fee.
The expenditure machine: The surveys have revealed that the consumers using credit card are likely to spend more. You sure are not going to mind spending.
If you really are worried about spending more, a warning bell for you.
Anni - About Author:
prepaid card
Article Source:
http://www.articleside.com/investing-articles/debit-card-prepaid-card-by-credocard-ltd.htm
Related Investing Articles
Published by Anni on March 2nd 2012 | Finance
Published by Deby Suportie on April 2nd 2012 | Finance
Published by Fiona Roy on April 23rd 2012 | Finance
Published by Neal on February 9th 2012 | Finance
Published by Yossi A on January 12th 2012 | Finance
Published by Fiona Roy on April 23rd 2012 | Finance
Published by Eric Hannelius on January 18th 2012 | Finance
Published by John Matthew on December 28th 2011 | Finance
Published by Julia Roger on December 14th 2011 | Finance
Published by John Matthew on December 27th 2011 | Finance
Published by Alisa Alison on June 2nd 2012 | Finance
Published by Alenpaul on January 19th 2012 | Finance
Published by on March 27th 2012 | Finance
Published by Ema Sis on February 17th 2012 | Finance
Published by James Blee on December 22nd 2011 | Finance
Published by Alex Decosta on December 20th 2011 | Finance
Published by Rajkumar Kaushal on June 19th 2012 | Finance
Published by Jesse Wallace on June 6th 2012 | Finance
Learning how to use your credit card effectively could help you balance and manage your debts....