Blog Feed: Credit Cards 4U

Credit Card

Published on 2010-05-08 12:48:17

 A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issue > read more

How credit rating is determined

Published on 2010-05-03 12:22:41

 Credit ratings are determined differently in each country, but the factors are similar, and may include:• Payment history - a record of delinquent payments, generally being more than 30 days, will lower the credit rating.• Control of debt - Len > read more

1.4. Credit history

Published on 2010-05-03 12:21:38

 The way credit card owners pay off their balances has a tremendous effect on their credit history. All the information is collected by credit bureaus. The credit information stays on the credit report, depending on the jurisdiction and the situatio > read more

Your Credit History

Published on 2010-05-03 12:02:58

 Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The term "credit reputation" can either be used synonym > read more

Chapter 3 - Credit card associations

Published on 2009-09-01 13:47:53

 CONTENTS3.1. American Express 3.1.1. History3.1.2. American Express today3.1.3. Credit Crisis3.1.4. Advertising3.1.6. Management and corporate governance3.2. Diners Club3.2.1. Founding 3.2.2. MasterCard alliance 3.2.3. Carte Blanche 3.2.4. enRoute > read more

Table Of Contents

Published on 2009-09-01 13:47:31

 CHAPTER 1 - Credit Cards1.1. How credit cards work1.1.1. Advertising, solicitation, application and approval 1.1.2. Interest charges 1.1.3. Benefits to customers 1.1.4. Detriments to customers 1.1.5. Grace period 1.1.6. Benefits to merchants 1.1.7. > read more

2.2. Balance Computation Methods

Published on 2009-08-30 04:43:47

 Average Daily Balance. This is the most common calculation method. It credits your account from the day the issuer receives your payment. To figure the balance due, the issuer totals the beginning balance for each day in the billing period and subt > read more

1.5. Profits and losses

Published on 2009-08-28 17:36:21

 In recent times, credit card portfolios have been very profitable for banks, largely due to the booming economy of the late nineties. However, in the case of credit cards, such high returns go hand in hand with risk, since the business is essential > read more

1.5.1. Costs

Published on 2009-08-28 17:34:37

 Credit card issuers (banks) have several types of costs:1.5.1.1. Interest expensesBanks generally borrow the money they then lend to their customers. As they receive very low-interest loans from other firms, they may borrow as much as their custome > read more

1.5.2. Revenues

Published on 2009-08-28 17:23:10

 Offsetting costs are the following revenues:1.5.2.1. Interchange feeIn addition to fees paid by the card holder, merchants must also pay interchange fees to the card-issuing bank and the card association. For a typical credit card issuer, interchan > read more