17

Abn Amro Prepaid Credit Cards

There are various kinds of credit cards available in the market at present. Prepaid credit cards are getting more and more popular now days. However, many people do not have any knowledge about prepaid credit cards. A prepaid credit card is allotted to a customer by a bank when he deposits a certain amount of money in his prepaid credit card account. An individual can use this card at all the place where he can use a normal credit card. However, in case of these cards, one cannot spend more money than he has in his credit card account.

It means that these cards have no risk of spending more than what you have. These cards work on the same principle, on which debit cards works. As you can spend only that much money which is deposited in to your account, there is nothing like interest charges associated with these cards. There are a number of banks available in the markets, which are offering such cards to their customers.

ABN AMRO bank is famous for offering various types of credit cards to a large number of customers. It offers credit cards to its customers according to their requirements and profile. ABN AMRO credit cards can be used at a large number of places. The prepaid credit cards offered by this bank are used by various people. These cards offer a lot of benefits to the customers. For instance, parents can give these cards to their children. Most of the parents hesitate to give regular credit cards to their children because they may spend a lot of amount through them. The procedure for getting an ABN AMRO prepaid credit card is very simple. You just need to contact your nearby branch of ABN AMRO Bank and after the completion of a few formalities; you will get your prepaid credit card.

18

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.

5

Escape the Trap – Reduce Credit Card Debt

The invention of money made life easy for the payment for the remuneration of goods and services. However, the invention of plastic money can be considered as a glittering trap, it is attractive and impresses everyone with the facility it provides but eventually it becomes our biggest problem. Having access to such buying power, typically a lot more than what we can afford, is as dangerous as can be. Afterwards, we often find ourselves asking how we can reduce our credit card debt. The answer to this question and the solution to this problem isnt easy, but it still isnt impossible.

The first thing one can do is to stop using our credit cards until absolutely necessary; it will help you by keeping your debt from increasing, and even in reducing it in the long run. Nevertheless, your debt has to be paid. To reduce credit card debt, you must have a proper, step-by-step plan of action that eventually results in the reduction or elimination of your credit card debt.

The first step is to figure out where you stand. Map out every transaction you make, en detail, for your own records. Also, make sure that you record bill payment dates, minimum amounts payable against every debt, rate of interest and everything else that pertains to your transactions and every credit card you have.

From this record find out the minimum amount payable against a card, and start paying that amount periodically and regularly this will eventually start to reduce your outstanding credit card debt and not using the credit card will keep it from increasing. This will serve as a double-edged sword and shield against debt!

Keep following that payment plan, and in due course when youre through all your debt on one card, start working on the next till youve cleared every credit card you have. Additionally, savings help! Use the money that youve stopped spending for clearing the payments on your other cards, and once youre through them all, save! Not only can you pay more than the minimum amount of the rest of the credit card accounts, your debt will be cleared earlier and youll have a decent sum saved up for rainy days.

When all the debts are cleared, cancel all your unneeded cards and keep only one or two that you can use in case emergencies. Credit cards are good if used properly and sensibly, otherwise, it turns into a death trap because we lose control!

18

Credit Card Consolidation The Process Explained.

When a person possesses a multitude of credit card accounts, it is easy for the debt to become quite overwhelming.

The sum of the payments on all of the credit cards can add up to be a large percentage of the persons monthly expenditures. Due to this type of situation, a person may feel like he or she is losing control of their financial situation.

When this happens, a person may choose to consolidate credit debt. When a person makes a choice to consolidate credit card debt, he or she will need to contact a non-profit service that will assist them. It is important that the consumer makes sure that any credit card consolidation service is a reputable business that will actually help them.

This can be accomplished by checking with the Better Business Bureau to find out the history of the company.

Counselors at these non-profit services can help the consumer by making a current list of creditors and the amount of debt owed each one. Then, the credit counselor will come up with a plan to propose to the creditors.

The consumer benefits by being able to consolidate credit debt. In other words, as a part of this type of plan, the consumer will end up making one single payment, instead of many different payments. In addition, the consumers overall debt responsibility should be reduced.

Credit consolidation counselors work with creditors to consolidate credit debt by proposing a reduction in or elimination of interest, and a lower monthly payment.

This allows the consumer to make headway with his or her debt and eventually pay it off. Credit consolidation counselors perform a great service to the debtor and the creditor in that they allow the consumer to repay his or her debt, and allow the creditor to recover a big portion of the debt that was originally incurred.

All in all, if a consumers debt has become unmanageable, a responsible choice is to sign up with a credit consolidation service in order to regain control of his or her financial situation. Doing nothing will not solve the problem, and in all likelihood, will just make it worse.

If you are under financial pressure and are struggling to see a way out, why not check out this SECRET INFORMATION that the banks do not want you to know about because it could have you debt Free in as little as THREE YEARS! DebtFreein3 Break Free from Debt

15

Save Money Do Not Borrow it on your Credit Card

Lets face it we have all been in a position where we have needed a little hard cash depending on if it is at the end of the month or a unforeseen bill that needs paying straight away. However before you go off down to the ATM and take that cash out on your credit card, lets just take a look at the reasons why you should be careful before borrowing from the credit card company.

Firstly every time you take money out of the ATM the fee for that money comes into play immediately. The cash advance that you are thinking about can have between 2 and 4 percent Higher interest rate than your regular credit card rates.

Not only will you be charged by the credit card company for borrowing the cash you will also find that you are charged a percentage by the ATM vendor. Those handy little ATM’s in the gas station can charge up to 1% to give you the cash! That is an extra 1% you have to pay to get that money.

Confused? Ok let us take a quick look at how this all works:

You see on a market stall a fantastic stereo that you have wanted for ages. The vendor being a street trader would prefer it if you pay in cash (lets face it if you use your card there he gets charged for the fact that he is using the credit card companies facilities). You decide you must have it so you go to the ATM and draw out $200 on your credit card.

This cash will be the last thing that your credit card company lets you pay off the card. So if you have $500 on your card and you take a further $500 out at the higher rate of interest as it is cash, you will pay that rate of interest until you reach zero balance even if you pay off $500 the next day! So you will still end up paying over the odds to borrow that money.

Eventually when you hit the zero balance you will notice that you have over the time that you borrowed the money been charged three times. Once by the ATM where you got the money from. Once by the credit card company for taking the cash option and once more by the credit card company who will charge you a higher rate of interest for the privilege of having cash in your hand.

Is it really worth it to get something a few days early?

14

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.

2

We are going to Fight Back Credit Card Debts!

Three words and phrases consumers dread the most, credit card debt. Put them together and you have the blueprint for a life span of challenge, tension and aggravation. Why can it be that 3 little words can put a lot worry into the spirits of the average consumer?

Lets check out credit card debt individually, credit by itself sounds good however too much credit is the main reason why numerous Americans are over extended, discouraged and stressed out. Credit cards are pieces of plastic material that are smooth, accessible, and easy to carry around. Most of the people have two or more cards in their pocket book adding to their situation. n.

Debt just isn’t a good thing to take around. For those who combine the 3 you get credit card debt. Mix them alongside one another with excessive joblessness, high cost of gasoline, food items plus essentials and you can start to comprehend why credit card debt is affecting so many Americans. It’s easy to see why credit card corporations are foaming at the mouth area for a chance to give you credit cards. Credit cards by design and style are meant to be a effortless way to expend more revenue then you have got.

What is the solution to this dilemma? Excellent question, this is my individual suggestions to eliminate credit card debt: 1st, you need to teach yourself on the what your credit cards are really charging you. 2nd, buy only what you NEED not what you want. This is a lot easier said then carried out, even so if you can attain this you are 50% of the way. Three, really do not treat credit cards as a totally free loan. For the final two tips I highly recommend you use only one credit card and chop up the rest, and you simply use funds if feasible.

In your thoughts you would like to make the phrase credit card debt useless. By coaching yourself on the true cost of credit cards you will ultimately increase your standard of living. If the notion of credit card debt is badly affecting your life look for help. Let’s Forget Debt is a nice informational web-site to get information, ebooks and free assistance.

14

What Is A Credit Card Protection Plan, And Do I Need It

Many banks offer optional credit card insurance, also known as credit card protection plans or balance protection plans. These plans offer debt protection in the event of the cardholder being unable to settle the outstanding balance. This may be as a result of death, disability or critical illness, or retrenchment.

Credit card protection plans are affordable and simple to secure, and as a credit card holder, its worth exploring this type of insurance to determine whether its worth having.

Learn more about balance protection plans below, or, if youre not yet a cardholder, explore the range of credit card options available to you.

How balance protection plans work
Just like any other type of insurance, credit card insurance covers the policyholder in the event of the unforeseen. Every time you use your credit card, youre accumulating debt. If something were to happen to you that made it impossible for you to cover that debt, how would the bank recover its money? Thats where a balance protection plan comes in.

If you have a balance protection plan in place, your credit card debt will be covered up to a set limit in some cases, as much as R150,000 per account. This amount varies from lender to lender, and may also depend upon the type of credit card you have. During a very difficult time, the burden of paying your credit card balance will be lifted from your or your familys shoulders.

How credit card protection plans pay out
Credit card protection plans insure your outstanding balance against death, disability, critical illness and retrenchment. In the case of death, a lump sum is usually paid out to cover the outstanding amount, up until the limit set by your lender again, R150,000 for example. The same applies for critical illness. If a cardholder is diagnosed with a critical disease (as defined by his or her credit card protection policy), the outstanding balance will be settled, up until the maximum amount specified by the policy.

In the event of disability, which renders the cardholder unable to earn a regular income for more than 30 days, the policy will generally pay out in instalments over a period of time for example, equal monthly instalments over 6 months. If the cardholder is retrenched, the policy will also usually pay out in monthly instalments. In the latter instance, these instalments will not generally cover the entire outstanding balance, but a portion thereof.

The specific amount of insurance provided by your policy will depend on your insurers terms. Be sure to discuss these terms with your insurer or lender.

Applying for a credit card protection plan
When you apply for a credit card, you may be asked whether youd like to take out a balance protection policy. If not, broach the subject with your lender. You can also apply for credit card protection plans online or at a bank branch.

4

Nonprofit credit card debt consolidation is the light at the end of the tunnel

In todays economy, with job losses all around, wages are dropping, and at the same time consumer debts are going up. For those that are at the end of their ability to manage their financial situation, there is nonprofit credit counseling services opening their doors all around the USA. These nonprofit credit counseling services offer a myriad of consumer protection plans, including unsecured debt consolidation services.

The formula is simple. If your monthly debts are more than your income, or if you are falling behind in your payments to your creditors, then you are financially distressed. If you are drowning in credit card bills and miss your payment date every month, then your payments are just going to late fees and other financial punishments that the credit card companies add to your bill because you were late with your payment. Nonprofit credit card debt consolidation companies will assign you an account professional that will work directly will your credit card companies, and any other unsecured lenders with whom you have a loan, to lower your interest rate to the bare minimum, in many cases to 0%, and in some cases to lower the principal amount that you owe; merging all of your creditors into one payment based on when you want to pay each month and what you can afford. In addition to these non profit credit counseling service, there are also nonprofit Christian debt consolidation companies open to all (not just Christians) that provide similar unsecured debt consolidation services designed for debt reduction and debt elimination

Of course, while you are in a non-profit credit-counseling program you will be required to stop using your credit cards until you have paid them off. Many of your credit card companies will retain you as a customer once you have completed the nonprofit credit card debt consolidation program. If you have a change to your income or employment status during the duration of your nonprofit credit card debt consolidation program, immediately inform the company you are working with and they will adjust your plan.

If you are drowning in debt, dont stick your head in the sand! At least do your due diligence and contact a nonprofit credit card debt consolidation service or a nonprofit Christian debt consolidation company to see what your options are. Consultations are always free. All non-profit credit-counseling services offer bad credit debt consolidation programs as well.

14

Balance Transfer Credit Cards Aim To Minimize Revolving Debts

For a credit based economy like ours, credit cards are nothing short of a lifeline. After all, people do not mind buying in a “purchase today pay tomorrow” format. Credit cards give us a reason to smile but a reason to be sad too. If you use them judiciously, they can ease your liquidity burden a lot. On the other hand, if you use them carelessly, they can increase your revolving debts and throw you into a debt trap. Apart from using credit cards prudently, it is also important to choose them with care.

Zero APR cards and balance transfer credit cards are often believed to be the best. They offer great introductory rates, minimum processing fee and surcharges, and levy lenient late fees if you make your payments late. Balance transfer credit cards allow you to shift all your outstanding balances from other card companies to the new company.

Balance transfers can boost your morale a great deal. This is because they allow you to put all your separate loans into one loan. When the number of debts decreases, a person feels at greater ease. Also, most of the balance transfer credit cards offer an interest free period. If by some means, you can pay the amount within the specified period, the credit card companies do not charge you anything. This is not all; you get loyalty bonuses to retain their services too.

In short, these are advertising techniques to draw the attention of consumers. However, they do not aim to fleece the consumer but help him in his tough financial hours. In general, your new credit card company will benefit you the most by helping you pay off high interest loans, rather than giving you the opportunity to take out new cash advances. Thus, one can conclude that those consumers who do not take cash loans from their cards are likely to benefit most from such cards.

Credit card companies throw a lot of incentives at consumers to attract their attention. An introductory low rate is one such incentive. It allows a consumer to save money, as he does not need to pay the interest amount that he would otherwise have paid. If he can clear the principal balance on his purchases within the specified period of time (clearly mentioned in the introductory plan), the companies do not ask him for any extra amount.

If one remembers the exact expiration dates of the introductory rates, he can keep jumping from one to another to make interest free purchases. A consumer can also choose to put the amount in his savings account and earn interest on the money. He can do a fair bit of saving this way if he pays attention to the introductory rates.