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How Credit Card Finance Charges are Calculated?

The finance charge is the dollar amount you pay to use credit. The amount depends in part on your outstanding balance and the APR.

How do late payments affect me?

It will be important to explain you payment history if you have been late in the past. An letter of explanation will most likely be required by the lender of any new line of credit.

What kind of card is it?

Secured cards, which require a security deposit. The larger the security deposit, the higher the credit limit. Secured cards are usually offered to people who have limited credit records--people who are just starting out or who have had trouble with credit in the past.

Credit Cards with Special Features

Rebates (money back) on the purchases you make • Frequent flier miles or phone-call minutes • Additional warranty coverage for the items you purchase • Car rental insurance • Travel accident insurance or travel-related discounts

The Cost of Poor Credit

Bad credit? No credit? No problem. You hear lenders saying it all the time but who's really paying the price? You! Sub prime lenders charge higher interest rates, usually three percentage points above what prime borrowers with good credit pay plus thousands of dollars in fees. Ultimately this vicious cycle of accepting sub prime offers can result in catastrophic debt overload which then leads to bad marks on a credit report or even bankruptcy.

How to Quickly Boost Your Credit Rating

These days, having good credit is more important than ever. A bad credit rating can prevent you from obtaining the things that are important, like car insurance, a house, a car, or even a job. If you have you been unfortunate enough to experience late payments, judgments, charge-offs, or possibly even bankruptcy that have made your life a living hell, don't despair; all hope hasn't been lost. With a little bit of time, patience and persistence, you can rapidly boost your credit score 25, 50, or even 100 points.

Guide to Choosing the Best Small Business Credit Card

A dedicated business credit card is an indispensable tool for handling the operating expenses of your small business.

The Importance of Credit Cards for Small Businesses

Operating a successful small business involves quite a few different facets including acquiring reliable financing. This is essential not only to launching a small business, but also, to circumventing potential problems. A small business credit card acquisition can be crucial to simplifying your accounting policy, tax filing paperwork, the success of the business, and more.

Lost or stolen card

Odds are if someone steals your credit cards and goes on a buying spree it won't cost you anything. Federal law limits your liability to fifty bucks.

Analysis: Check card fees gone

If you are applying for a loan or credit, records of your previous dealings with someone else's money are vital.

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