"The deliberate and deadly attacks which were carried out yesterday against our country were more than acts of terror. They were acts of war."George W. Bush
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How Prepaid Credit Cards Differ From Other Bank Cards
If you are considering using a prepaid credit card, it is important to understand the difference between it and other bank cards. In this article I will discuss the key differences between these cards. When people begin using ATM cards in the 1970s, ...
Increase Your Sales - Accept Credit Cards
Many people today simply prefer the convenience of paying by credit card. If you want their business, you must be able to accept their credit-card payments.In part one of this series we will discuss why you should accept credit cards, and the basics of ...
Use Credit Cards Online - Is It Safe?
How many times will you use your credit cards online this year? During the holidays, for birthdays, for that excellent deal that you just could not get to the store to purchase. All these instances add up quickly. From time to time you begin to ...
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If you're thinking about a credit card, but don't want the hassle or the worry of a traditional unsecured card, then you might be interested in finding out more about secured credit cards.
Secured credit cards are basically a savings account that uses a credit card to spend the funds. A cardholder will deposit money into an account and that amount becomes the limit for the secured credit card. You can only spend that much.
Advantages
The advantages of the secured credit card are many. First of all, there aren't interest rates to consider because you don't ever carry a balance. You can find a secured credit card through some banks and most credit unions that are simple to set up and reward customers for staying within their spending limits.
You can add money to the card if you wish and as you do so, you are creating a healthy credit history that can make it easier to get unsecured credit cards in the future. Unsecured credit cards are a great way to restore bad credit, usually taking about a year until you are able to apply for an unsecured card. These kinds of credit cards do report the activity to credit agencies, increasing your rating as you spend responsibly.
Disadvantages
The trick with secured credit cards is that you do have a limit, but if you have problems with spending, this is a good thing. If you run into an emergency, however, this can be a bad thing. You will only have the money that is on the card, so you might have troubles in those instances.
Another disadvantage is that some companies will charge an annual fee to use a secured card. Looking at the find print of these service agreements will alert you to the possibility of this and perhaps lead you to look elsewhere. Credit unions tend to waive the fee.
There are also a lot of disreputable companies that are trying to get consumers to sign up for a secured credit card to improve their credit rating, but also telling them that they need to pay exorbitant fees as well as purchase other unrelated services. If you see this kind of 'deal' or notice that the phone number is a 900 number, don't sign up with them.
Secured credit cards can be a step in the right direction for those with poor credit, but only if you take the time to research what you're getting into and how it can truly help you.
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 Sears Gift Cards Take the Guess Work Out of Gift Giving - Yahoo Finance
With a wide range of merchandise, anyone can find what they're looking for on their wish list at Sears, Kmart or Lands' End HOFFMAN ESTATES, Ill., Dec. 3 /PRNewswire-FirstCall/ -- Once again this holiday season, gift cards are more popular than ever ...
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Tomorrow's crisis: Credit cards - Walletpop.com
As the foreclosure crisis continues to drag down the economy, it might be worth taking a moment to consider the next step in our ongoing tale of economic misery. As Joe Nocera pointed out in the December 1 New York Times , credit cards, which are ...
Malaysia probes in Mumbai attack credit cards - Economic Times
Malaysian police is investigating on Malaysian-issued credit cards found with terrorists. IB denies failure on its part in Mumbai attacks IB denied that there was any failure from its part in connection with attacks in Mumbai. Mumbai locals helped us ...
Woman Wanted In Theft Of Stolen Credit Cards - WHIO TV
BUTLER TOWNSHIP, Ohio -- Police said a woman was caught on tape shopping with a stolen credit card. Investigators said the woman was shown on surveillance video shopping at the Butler Township Wal-Mart store and the Meijer store in Huber Heights ...
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