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The Best Secured Credit Card Five Things To Look For

If you’re looking for the best secured credit card, you’re not alone. Too many consumers have applied for a secured credit card only to find out too late just how bad the card really was. Do yourself a favor and forgo the whole trial-and-error approach. Use these five tips to find the best secured credit card available.

1. Acceptable Fees

Almost every secured credit card in existence has its associated fees. That doesn’t, however, mean that you should have to pay an arm and a leg to open a secured credit card account.

The best secured credit card will offer an acceptable fee schedule. While the fees associated with a secured credit card vary from company to company, you should never pay more than $50 or $60 in total annual fees.

Avoid applying for a secured credit card that breaks their total annual fees into multiple charges. Some credit card companies charge an annual fee, a monthly maintenance fee, a processing fee and an application fee. The best secured credit card will charge an annual fee and perhaps a low processing fee — nothing more.

2. A Good Deposit/Credit Limit Ratio

The best secured credit card will extend you a line of credit equal to 100-percent of your security deposit. Your security deposit is intended to guarantee your line of credit. If you place $300 in the deposit account, you should have a credit limit of $300.

Some secured credit card companies only grant you a credit line of 50-percent of the amount you put on deposit. This isn’t acceptable.

3. The Interest Is Yours

When you open up a secured credit card your deposit money is put in an account. Who gets to keep the interest earned on that deposit?

When looking for the best secured credit card, make sure that the card you apply for gives you the interest earned on your security deposit. The credit card company should make their money on the interest charged to the card, not the interest earned from your deposit.

4. Rewards For Good Behavior

The best secured credit card will reward you for good behavior. Before applying for a card, check to see what they offer in regards to credit limit increases and transitioning from a secured card to an unsecured card.

5. The Reporting Factor

Of course, one of the main purposes of a secured credit card is to rebuild your credit. The best secured credit card will report your monthly account activity to the three credit bureaus. Don’t waste your time with credit card companies that don’t.

Everyone knows that there can be huge differences between one credit card and the next. These differences can be even greater when dealing with secured credit cards. If you want to make sure that you’re only applying for the best secured credit card possible, check to see if the credit card follows the five guidelines above.

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Use And Misuse Of Credit Card True Facts

Credit card is the plastic money popular among 3G (thirds generation) people. It generates cash quickly. People can shop even when they do not have cash in hand or account. This card is a method to raise small loan that depends on your monthly earning. It is similar to debit card but the difference is that in case of debit card you can shop only when you have amount in your bank account but in credit card you can shop without cash in your bank account. You can pay the amount later. The time for payment is limited by the credit card producer and late payment invites fine. Also in debit card payment interest is not charged and in credit card you have to pay some interest. There are both negative and positive shades of all things. There are both use and misuse of credit card. Let us know the true facts related with credit card.

Use of Credit Card:
One can accomplish the urgent tasks even when there is no money in the account.
One does not need to take loans on higher interest rate from anybody in the financial crisis situation.
The credit status of the person will not be tarnished among relatives and friends. One can maintain the usual monetary needs even when people do not have cash in hand.
One needs not to carry cash in hand all the time.
One can take instant decision to shop any item.
People are not forced to apply break on their needs and choice.
Wireless Credit Card has added wings to peoples dream. People can shop anywhere at anytime. Wireless terminal is good for online marketing and remote marketing. Terminal is a machine that read the encoded magnetic information to make the payment. This terminal help in credit card processing and regulate the plastic money payment.

Misuse of Credit Card:
Sometime people shop unnecessary items when they have credit card. This becomes the source of useless expenditure.
You have to pay more amount than the actual cost of the item. You have to pay the interest.
You get the burden of paying the credit card bill. If you do not settle the bill in limited time then you will be levied penalty for the same.
Your expenditure is likely increase when you have credit card in hand.

These are the use and misuse of the credit card. Hope you will make right and needy use of your credit card. You must have confusion about the settlement of the credit card. These processes are related with Merchant Services. There is a merchant account that is opened with the agreement of bank and the retailers providing facility for credit card payment. This account looks after settling the credit card payment.

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Credit Card Machines Buying Guide

Credit card machines or credit card terminals allow doing transactions by means of the credit card. Every business that aspires to grow into a larger business should have the ability to handle credit cards. Today, money orders, cheques or cash are simply relics. People hardly use them until and unless the power goes out. Also, banks encourage the use of credit cards to. Once you get a card terminal, you will realise how you can make more profits with it.

Why a business needs card processing systems

A cash transaction using credit cards involve a lot of players. However, in the end, no matter how complex the system may be, getting credit card machines will improve your sales greatly. It is indicated that the moment you gain the ability to accept cards can increase the sales by 23 percent. Therefore, your products will get a larger market. It also improves cash flow, improves productivity, decreases operational costs and enhances your business image.

How the system works

The card payment processing terminal communicates with the bank via a telephone line. It can do the same using the internet connection too. The connection may be wired or wireless. But, usually, the telephone line is used. Some card terminals can also use cellular networks and can do transactions using the GPRS. The credit card information is entered by inserting or swiping the card. It can be manually entered too. This data is then transferred for authorisation and authentication, after which it is funded. Some credit card machines cache the data as authorization might not be available immediately. After the connection becomes available, the payment is processed.

As mentioned earlier, there are many stages involved in how the system works. The customer first chooses a product and buys it using a credit card. The moment the credit card is swiped and the transaction details are provided in the card terminal, the card-issuing bank checks if the data is valid or not, and if there are enough funds to make the purchase.

After the card data is authenticated, the bank sends the payment processor system an authorization code. This authorization is send to the card terminal, where receipt is printed for the customer to sign. The entire process takes only a few seconds.

The issuing bank will then transfer the appropriate amount electronically to the merchants account. Thus the payment is made.

Getting the right machine

There are different types of terminals for credit card machines. Each of these terminals are designed with a specific functionality in mind. Sometimes, the terminals need portability, like in restaurants, while at other times, they need to be fast, like in departmental stores, where there is a long queue. As for the functionality, all include basic transaction and cash back functionality, along with gratuity functionality, pre-authorization and currency conversion.

So, getting credit card machines makes a good business sense. It will help you enhance the customer service and give your business an edge over the competition.

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Safe And Affordable Credit Card Transactions Processing Solution

Perhaps you can’t tell at first glance, but credit card transactions processing is a very involved process. It involves many players, besides just the credit card holder. Once they swipe their card, the information goes from the merchant to the merchant bank. It then goes to the credit card network where the card issuer either approves or denies the transaction. The result then goes back to the merchant bank, which passes it on to the merchant. To think that all of this happens in just a few seconds!

The debit card payment process is similar, except that if the card holder uses their PIN number, the request goes straight to the cardholder’s bank to check whether or not there is enough money in their account to cover the cost of the transaction.

Using a debit card without a PIN number is called an offline transaction. Using a debit card with a PIN number is called an online transaction. Offline transactions are the way that most merchants process debit cards, though smaller businesses benefit from processing online transactions. This is because an online transaction incurs a flat rate fee, while most online transactions incur the flat rate fee plus a percentage rate. The same percentage rate applies for all credit transactions.

Credit Card Transactions Processing and the debit card payment process are meant to be quick and convenient. Every merchant should have access to these services. Today many people use credit and debit cards for every day purchases, and they expect merchants to have systems in place to process their credit and debit card transactions.

This makes low cost credit card processing very important to today’s merchants. Running a business can be costly, and adding too much overhead can be detrimental to your bottom line. You also don’t want to spend money on credit card transactions processing services that don’t live up to your expectations. You need an easy to use system that will work when you need it to.
Low cost credit card processing is important to every business.

It’s hard to imagine a business that doesn’t process credit and debit transactions. Yes you could direct your customers to the nearest ATM machine, but this inconvenience to your customers could possibly lose your business. Don’t put off getting credit card transactions processing any longer, especially since it’s quite affordable for businesses of all sizes. The amount of money you pay for credit card payment processing pales in comparison to the advantage in keeping your business up to date when it comes to payment options.

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Kotaks Royale Signature Credit Card

Heres the card which lives up the expectations of the Royals. Here is the credit card which offers the most exquisite benefits a credit card can deliver. In terms of services, benefits, offers and discounts; this credit card outshines all other cards available in the market.

If you count on the benefits which this card offers, then definitely, you will be in praise of this card. Lets have a look at, what we, as privileged customers would get, if we take it. First of all, this card has got the Shield called The Royale Shield which means you get a lost or stolen card fraudulent cover of Rs 50,000/- upto 12hours of reporting. Thats a good amount isnt it?

Secondly, this card encases host of benefits you get Royale Priority Attend, which means instead of you reaching Kotak people, they will reach you for services like monthly pay bill. You also get Royale Access to Taj Restaurant and Bars with added 25% savings (this percentage though may vary from time to time). To add more there is discounted membership to privileged clubs like Privada Indias first yatch club which of course sounds incredible. But, thats not all you can also count on other privileges of Kotak Royale Signature Credit Card like reward points on every Rs 100/- spent, lifetime complimentary skin consultancy from Kaya Skin Clinic and complimentary membership to Golf Fee Card and that, certainly sounds Royale.

So, tune in the music and experience the luxury of a Royale life, indulge in the luxuries of life and lead the life King-size with Kotak Signature card.

Royale Signature Credit Cards is just one in the series of Kotak Mahindras newly launched range of Credit Cards. Awarded the Product of the Year, these cards have proven to be the best in the range of credit cards found in the market. Apart from the Signature card, there are three other cards Fortune Gold, Trump Gold and League Platinum Card. Choose from the range of cards offered by Kotak and experience the best from the world of Credit Cards.

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High Risk Credit Card Processing Solutions

Credit Card Processing Solutions & High Risk Merchant Services!

Pharmacy Merchant Accounts

Accepting credit cards with a pharmacy merchant account can increase pharmacy sales potential by 75 million customers in the U.S.. Internet pharmacy credit card processing analysts estimate 9 out of 10 people use a credit card for their online pharmacy orders. Accepting credit cards with a pharmacy credit card processing account will increase your pharmacy sales !

Adult Merchant Accounts

An adult merchant account is the key to accepting credit cards. Without a real adult merchant account for internet adult site or adult product retail sales it’s very hard to compete. We provide both domestic and offshore adult credit card processing for adult sites and products. Contact us to apply for your own adult merchant account.!

Casino Merchant Accounts

With our Offshore Merchant Accounts, your casino or sports book will be able to accept credit cards from customers all around the world in realtime. High risk offshore merchant accounts and credit card processing for pharmacies, adult, casinos and any other legal high risk business. Our company specialises in offshore casino merchant accounts for Gaming Web Sites, we do offer several offshore merchant account solutions for other web sites including adult, telemarketing, travel and all high-volume, high-risk businesses.

Off shore Merchant Accounts and Offshore Credit Card Processing

We provide Off Shore Merchant Accounts. Set up a UK Merchant account for european credit card processing. Offshore merchant services and offshore credit card processing is available for offshore merchant account processing. We can provide off shore merchant accounts in 29 different countries so your options aren’t limited. We can also set up Canadian merchant accounts with very low rates.

High Risk Merchant Account and Credit Card Processing

The type of merchants that we often see classified as high risk merchants are merchants who are too successful. We get very high volume merchants every day who get told by their processing bank that their volume is too high and they can’t process any more. We help these types of high risk merchants every day and can obtain off shore credit card processing with no caps at low rates.

We negotiate with the banks for you

With the right connections, we quickly go to work for you to find the best possible merchant account for your business. This means you have a team of trusted merchant service professionals working to get you the best merchant account solution for your business!
Complete solutions with high approval rates

High risk credit card processing offers complete end-to-end solutions to accept credit cards, accept checks and much more! We provide both domestic merchant accounts, international merchant accounts. High risk merchant accounts are our specialty – and we get high approval rates for all businesses!

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Loopholes In Bank Systems Cause Business Credit Card Fraud

Business credit card fraud is a prevalent problem that has cost companies millions of dollars each year. There have been many reported incidents when fraudsters were able to steal private financial information from companies. One of their common strategies is getting into business credit card accounts and using them for fraudulent transactions. Small, medium, or even established enterprises are not spared from the perils of these activities.

The current loopholes in bank systems are partly to be blamed in the rise of credit card fraud. Even stolen cards that have already been reported and canceled by owners can still be used in fraudulent transactions. As long as fraudsters do not exceed the floor limit, they can use the stolen business credit cards since this kind of transaction does not go through banks electronic systems.

Floor limits serve to guard merchants and businesses from losses. On the other hand, scammers can also abuse them to dupe unsuspecting consumers. Many industry experts and even authorities are already questioning store policies on floor limits. As observed in many incidents, these floor limits contribute to the rise of credit card fraud cases by providing fraudsters with purchasing power, and a way to avoid card clearance, which can reveal whether the card is blacklisted.

Business credit cards with microchip technology are safe from this type of fraudulent activity since banks can trace and record every swipe. On the other hand, this technology has only been introduced to the banking industry a couples of years ago. Not all banks in the present have the technology and the budget to run the system. However, microchip technology will be a great means to add security to consumers, and ultimately avoid credit card frauds. It will also equip authorities with enough information to track down perpetrators.

The Credit Card bill to be passed in the Senate is also seen as an efficient vehicle to bring attention to this issue. The legislation aims to uphold the rights of consumers and ensure that banks carry out their responsibilities. If enacted, the bill will intensify the Congress role in monitoring these kinds of loopholes in bank systems.

Putting a cap to the rising business credit card fraud is not an easy task. As long as there are loopholes in systems of banking industry, con artists will continue to take advantage of consumers. Banks should have better business credit card fraud management solutions to protect their costumers. The industry can also coordinate with authorities and government agencies to encourage financial institutions to do a more efficient job in acting as vanguards of consumer rights.

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Tips for Avoiding Credit Card Fraud

Identity theft is quickly becoming one of the most dangerous crimes in America. People are losing thousands of dollars and months, if not years, of their lives to correct the damage to their credit and their reputations. A large part of identity theft is credit card fraud, where somebody either uses your credit cards to make illegal purchases, or opens up a completely new credit card in your name and goes on a spending spree to end all spending sprees.

1. Be Careful with Your Personal Information Online

Its really no laughing matter, though, and you should take serious steps to avoiding credit card fraud. One of the best ways to avoid credit card fraud is to be careful with your online purchases. Many Web sites will store your credit card information on them, leaving your valuable information out there on the Internet for hackers to steal. That makes it important to always decline a Web site that asks to store your personal information. Sure you may have to re-enter your info every time your make a purchase at a site, but the extra effort is well worth it.

2. The Verification Code

Another good step is to only shop at Internet sites that require you to enter the special three-digit code on the back of your credit card. Basically, entering these codes from the back of your card prove to the online vendor that you have the actual card in hand, and havent stolen the number and expiration date.

3. Temporary Numbers

Third, look into finding a credit card that provides temporary numbers for Internet purchases. This is a new feature of certain credit card companies out there to prevent fraud. Each time you buy something online, your card provides you with a unique new number known only to you.

4. Get a Shredder

When it comes to preventing criminals from opening up new cards in your name, one of the tried and true ways to prevent this form of fraud is by shredding each and every document that comes to you in the mail. This includes every new credit card offer, as well as the statements you throw out from your current cards. Especially be sure to shred those checks that credit card companies send you.

5. Examine Your Credit Report

Lastly, take up the credit bureaus offers to allow you to examine your credit reports for free. These credit reports allow you to be certain that no one has opened a credit card in your name without your permission. They also allow you to see if you have old credit card accounts open that youve forgotten about, accounts that are best closed before someone steals your identity through them.

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Used Properly A Credit Card Can Be Very Useful

Unquestionably that one of the most important recent innovations is the credit card. At present it can be used to pay for all the utilities and to buy almost anything. The best thing about it is you don’t have to deal any more with cash. The first credit cards started to be used in the us . in 1920. forty years later in the united states an impressive number of organizations and banks begun to offer to their clients cards. Currently it is used in almost any type of financial transaction. There are several companies such as American Express, Master card, Visa and Euro-Card. The company that has established its self as being the most popular in the United Sates is definitely the American Express. Beside being a top-notch credit card company American Express is also one of the most important travel companies.

In our day a card is constructed from plastic material. Men and women enjoy to use it simply because in this way they can carry large amounts of cash in a very simple and accessible technique. However when utilizing a credit card you truly have to know what you really are doing. If , perhaps you are beginning to spend like a crazy person and you are failing to pay your financial obligations you risk to get a terrible credit. In most cases you get something of that nature in case you are definitely not cautious about how much money you are using from the credit card. In the event you find yourself in this situation you really need to get involved in the procedure of repair bad credit.it.

What you have to don’t forget is usually everything you’re spending from the credit card in the end must be given back to the bank or creditors. If , perhaps not too long ago you have made a very expensive purchase for a while is critical to not use the card. Utilize it just to pay your utilities as well as monthly debts. However there are cases when you just need to spend major amounts of cash and you can not get away from the prospect of getting a bad credit. If you are in this situation the first thing which requires to be achieved is to try changing your everyday habits. Avoid making unnecessary payments and do not buy anything expensive.

By staying with this path for a substantial amount of time you will end up in the position to get rid of your bad credit and to get a positive score. But remember that this isn’t a process that can be done by night. In some instances it can take a lot more than a year. Undeniably that is possible to repair bad credit. But remember the fact that the aspect that counts the most in resolving this situation is time.

Please visit repair bad credit if you want to know the best ways to improve your bad credit score.

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Benefits Of The Sears Credit Card

The Sears credit card has more purchasing power than most people think. It’s not just for buying tires or batteries or even big screen TV’s. The card can do so much more, a closer look and you’ll see what I mean.

With a Sears credit card, you can buy other things such as tools, clothes, other electronics, shoes and things for the house. Whatever you see in the store can be bought and put right on the card so make no mistake, if your a little short on cash and you have the card, you can still purchase.

What Sears has done, was they partnered up with a major financial institution like Citibank, N.A. which gives them the chance to offer a wide range of offers as well as uses. Those who are out looking for a decent credit card might want to stop and have a look at the Sears card.

Anyone with a good credit history should be able to qualify without any problems and take advantage of any extras that come along with the current offer. Just to give a quick example, let’s say the current offer has a 0% interest or low interest on balance transfers.

For most consumers, they’re going to have to stop for a moment and check their finances to see if the Sears credit card will be a good fit for them. On the plus side, it is a convenience to be able to walk into a place, buy a different variety of items and if need be, put it all on the card.

Another plus about the Sears card is that you can use it at Kmart, Kmart.com, Sears.com, Sears Essentials, Sears Grand, Sears Hardware, Sears Auto Centers, Sears Hometown Stores, Lands’ End, landsend.com, The Great Indoors, and Orchard Supply Hardware, Sears Repair and Product Services, Sears Dental, Sears Portrait Studios, Sears Optical, Sears Flowers, AOL (for monthly provider fees) and Avis.

If your out there shopping around for the best credit card deal that will fit your budget and finances it’s always important to take the time to read all the terms and conditions. Especially if your opening up a new account, you definitely want to go over the benefits that come with a new account. Eventually you’ll come across the Sears card and then you can make comparisons.

It is possible to buy high quality goods at Sears or one of the other stores mentioned above and still keep your expenses low. One of the key things to keep in mind is that a credit card should be used as an aid rather than an anchor. And if you use the credit card responsibly you’ll find that it can come in handy, especially when your in a pinch.