How credit cards work

Tuesday, February 23, 2010

Credit cards are issued after an account has been approved by the credit provider, after which cardholders can use it to make purchases at merchants accepting that card.

When a purchase is made, the credit card user agrees to pay the card issuer. The cardholder indicates consent to pay by signing a receipt with a record of the card details and indicating the amount to be paid or by entering a personal identification number (PIN). Also, many merchants now accept verbal authorizations via telephone and electronic authorization using the Internet, known as a 'Card/Cardholder Not Present' (CNP) transaction.

Electronic verification systems allow merchants to verify that the card is valid and the credit card customer has sufficient credit to cover the purchase in a few seconds, allowing the verification to happen at time of purchase. The verification is performed using a credit card payment terminal or Point of Sale (POS) system with a communications link to the merchant's acquiring bank. Data from the card is obtained from a magnetic stripe or chip on the card; the latter system is in the United Kingdom and Ireland commonly known as Chip and PIN, but is more technically an EMV card.

Other variations of verification systems are used by eCommerce merchants to determine if the user's account is valid and able to accept the charge. These will typically involve the cardholder providing additional information, such as the security code printed on the back of the card, or the address of the cardholder.

Each month, the credit card user is sent a statement indicating the purchases undertaken with the card, any outstanding fees, and the total amount owed. After receiving the statement, the cardholder may dispute any charges that he or she thinks are incorrect (see Fair Credit Billing Act for details of the US regulations). Otherwise, the cardholder must pay a defined minimum proportion of the bill by a due date, or may choose to pay a higher amount up to the entire amount owed. The credit issuer charges interest on the amount owed if the balance is not paid in full (typically at a much higher rate than most other forms of debt). Some financial institutions can arrange for automatic payments to be deducted from the user's bank accounts, thus avoiding late payment altogether as long as the cardholder has sufficient funds.
Article Link : http://en.wikipedia.org

Read more...

Epson

Friday, February 19, 2010

Epson ink. Its value is apparent each time you print.

What you save in dollars with third party (or “compatible”) ink cartridges, you could sacrifice in quality and performance. In independent testing, Epson ink cartridges produce superior image quality, longer print life, greater reliability and unbeatable value versus third party ink cartridges. But don’t take our word for it. Industry experts and independent research prove not only that “you get what you pay for,” but with genuine Epson ink cartridges, you get substantially more.

uperior Image Quality For prints as vivid as your memories.

Epson ink cartridges are engineered to deliver stable, long-lasting, photographic quality. A recent PC World magazine article said, "We encountered third-party inks that produced poor quality prints." The article showed that none of the third party ink cartridges tested were able to deliver the consistent quality of Epson ink cartridges for photo printing.
Contact me

Read more...

Save Money with Low Interest Credit Cards

The Best Reward Cards Charge Low Interest Rates and 0 Annual Fees

Apply for inexpensive credit cards that offer low APR and cash back reward options. The best low interest credit cards offer 0% interest during the promotional period.
People with good or excellent credit have a broader range of credit card offers to choose from. And the deals they can qualify for usually come with better terms and more favorable features than card offers that bad, fair or no credit owners are eligible for.

Which Credit Card Should one Apply for?

Though good credit gives you more opportunities to get the best credit card that will perfectly fit your demands, you often face the product-mix problem. The variety of plastics is so wide that it is extremely easy to get lost in the jungle of credit card offers. Balance transfer cards, rewards credit cards, low interest plastics, business credit cards, cards with instant approval - Which one is your Mr./Mrs. Right?

What are low Interest Credit Cards?

Low interest credit cards are one of the most popular and frequently searched for credit card types. Such cards come with low APR (annual percentage rate). This credit product allows you to save on interest accrued to your balance. This kind of cards is favored by customers that permanently carry a balance on their credit cards and for those, who make large purchases.

What to Look for in a low Interest Credit Card?

As a rule, such offers also come with 0% APR promotional period. Within this time frame you do not pay any interest on your credit card. This is the time when you get maximum profit from your credit card deal, saving on the interest. But you should not fall for introductory period only. In case your promotional period is over and your APR skyrockets up to 20% the credit card issuing company will easily get back all the money they lost during your intro period.

But if you choose an offer with an interest that will change into a fixed low one after a promotional period, you will definitely profit. A low interest card is also a great way to save on interest when transferring a balance from a high interest credit card to a low interest one.

Rewards of a low Interest Credit Card

Besides, getting a credit card with such a beneficial feature as a low interest rate, you are not bound to lose other profitable options. For instance, you can find a low APR credit card with no annual fee or a rewards program. This way you can get like two cards in one – a low interest card and a rewards credit card. A rewards program will, most probably, be not the most favorable one, but the APR will be significantly lower.

An opportunity to save on interest is a very important issue in your personal money management. People oftentimes overpay up to 25% of their loan in interest and fees. So, next time you start browsing through tons of credit card offers, don’t let low interest credit cards slip your attention.

Read more...

Low Interest Credit Cards

Capital One® No Hassle MilesSM Rewards
Capital One No Hassle Miles Rewards Card Application
Capital One  No Hassle Miles Rewards Credit Card Offer
  • Click "APPLY HERE" to apply online or call 866-592-0808
  • 1 mile per dollar spent on purchases up to $1,000 each month
  • 2 miles per dollar above $1,000 each month
  • No limit on the miles you can earn and miles don't expire
  • Redeem for Travel, Merchandise, Gift Cards and more
  • No blackout dates and no seat restrictions
  • Fly FREE on any airline to any destination
  • No foreign transaction fees
  • 0% APR on purchases until February 2011
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0% on purchases* until February 2011* 13.90% (V)* None* Yes* Excellent Credit*

Additional Low Interest Credit Cards Reviews
Citi® Platinum Select® MasterCard®
Citi Platinum Select Card Application Online
Citi Platinum  Select Card Offer Online
  • 0% APR* on balance transfers and purchases for up to 12 months
  • No annual fee
  • Citi® Identity Theft Solutions
  • $0 Liability on unauthorized purchases
  • Secure, free online account management
  • Extra Cash from Citi: enjoy significant discounts on gift cards, travel, merchandise and more
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* up to 12 months as low as 11.99%* (Variable) $0* Yes* Excellent/Good Credit*

Discover® More Card
Discover® More Card Offer
Click to  Apply for a Discover Card
  • 5% Cashback Bonus® in categories like travel, home improvement stores, department stores, gas, restaurants, pet stores and many more
  • Up to 1% unlimited Cashback Bonus® on all other purchases
  • 5% to 20% Cashback Bonus® through our exclusive online shopping site.
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* 6 months on Purchases; 12 months on Balance Transfers* as low as 11.99%* None* Yes* Excellent Credit*

Citi® Diamond Preferred® Rewards Card
Citi® Diamond Preferred® Rewards Card Offers
Citi® Diamond  Preferred® Rewards Card Application
  • 0% APR* on balance transfers for up to 12 months
  • 5 ThankYou® Points for every $1 spent on purchases at supermarkets, drugstores and gas stations for 12 months, 1 ThankYou Point thereafter*
  • 1ThankYou Point for every $1 spent on all other purchases*
  • $0 Liability on unauthorized purchases
  • No annual fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* on balance transfers up to 12 months* as low as 12.99%* (Variable) None* Yes* Excellent/Good Credit*

Citi CashReturns® Card
Citi  CashReturns Offer
Citi  CashReturns
  • Earn unlimited cash back on everything
  • Full 1% cash back on all purchases
  • Automatically get a check every time you earn $50 cash back
  • Average 5% cash back at over 400 leading retailers through the Citi Bonus Cash Center
  • 0% APR on balance transfers for up to 12 months*
  • No annual fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* on balance transfers up to 12 months as low as 12.99%* (Variable) $0* Yes* Excellent Credit*

Capital One® No Hassle CashSM Rewards
Capital One No Hassle Cash Rewards Application
Capital One  No Hassle Cash Rewards Application
  • Click "APPLY HERE" to apply online or call 866-517-0808
  • 2% cash back on gas and groceries
  • 1% cash back on all other purchases
  • No limit on the cash you can earn and cash won't expire
  • Redeem cash rewards for statement credit, check or gift card
  • Get your cash back whenever you want, even set up automatic redemption
  • 0% APR on purchases until February 2011
  • No foreign transaction fees
  • No annual fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0% on purchases* until February 2011* 14.9% (V)* None* Yes* Excellent Credit*

BankAmericard Cash RewardsTM Visa Signature® Card
BankAmericard Cash Rewards Visa Signature Card Application
BankAmericard  Cash Rewards Visa Signature Card Application
  • Earn 3% cash back on gas, grocery, and drug store purchases for the first 6 months and 1% on all other purchases
  • Redeem rewards for a check, statement credit, direct deposit or pay toward your eligible Bank of America® mortgage
  • Get a 25% bonus for all cash reward redemptions of $300 or more
  • Get redemptions starting at $25, with the capability to set up automatic redemption
  • No limit to the number of points you can earn each year
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* on Purchases and Balance Transfers 7-10 billing cycles* 12.99% - 20.99% Variable* on Purchases and Balance Transfers None* Yes* Excellent Credit*

Miles by Discover® Card
Discover Miles Card Offer
Discover  Miles Card Application
  • 12,000 Bonus Miles - 1,000 Bonus Miles each month you make a purchase for your first year
  • Double Miles on travel and restaurant purchases. One Mile for every dollar on all other purchases
  • Flexible redemption options for travel, gift cards, or cash
  • Double Miles through our exclusive online shopping site
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* 6 months on purchases & balance transfers* as low as 11.99%* None* Yes* Excellent Credit*

Discover® More Card - American Flag
Discover Flag Cash Back Credit Card Application
Discover Flag  Cash Back Offer
  • 5% Cashback Bonus® in categories like travel, home improvement stores, department stores, gas, restaurants, pet stores and many more
  • Up to 1% unlimited Cashback Bonus® on all other purchases
  • 5% to 20% Cashback Bonus® through our exclusive online shopping site
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* 6 months on purchases and balance transfers* as low as 11.99%* None* Yes* Excellent Credit*

Blue from American Express®
Blue from American Express  Online Application
Click Here to  Apply for the Blue from American Express
  • 0% Intro APR for 6 months on purchases
  • No Annual Fee
  • Earn Membership Rewards® points for your everyday purchases, and enjoy fast and easy ways to earn and redeem so you can get the rewards you want now
  • Express Approval. Get a decision in less than 60 seconds
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* up to 6 months on Purchases As Low As 15.24% $0* Yes* Excellent Credit*

Capital One® No Hassle MilesSM Ultra - For Professionals
Capital One No Hassle Miles Ultra for Professionals for  Professionals Application
Capital One  No Hassle Miles Ultra for Professionals for Professionals Credit Card  Offer
  • Click "APPLY HERE" to apply online or call 866-547-0808
  • 2 miles for every dollar spent on purchases
  • No limit on the miles you can earn and miles don't expire
  • No blackout dates and no seat restrictions
  • Use miles for Travel, Merchandise, Gift Cards and more
  • 0% APR on purchases until February 2011
  • No foreign transaction fees
  • Concierge services - from flowers to flights, have someone else do it for you
  • Fly FREE on any airline to any destination
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0% on purchases* until February 2011* 13.90% (V)* $39.00* Yes* Excellent Credit*

Discover® Open Road Card
Discover Open Road Card Offer
Click Here to  Apply
  • Double Cashback Bonus at any gas station and any restaurant
  • 5% to 20% Cashback Bonus at top retailers through our online shopping mall
  • Up to 1% unlimited Cashback Bonus at top retailers through our online shopping mall
  • Redeem for Partner gift cards, merchandise, Discover® gift cards, credit to your Discover card account or an electronic deposit to your bank account
  • Turn your Cashback Bonus into bigger rewards by redeeming for gift cards or eCertificates from over 100 brand-name Partners
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0%* 6 months on purchases & balance transfers* as low as 11.99%* None* Yes* Excellent Credit*
Contact Me

Read more...

About This Blog

  © Blogger template The Beach by Ourblogtemplates.com 2009

Back to TOP