Quick Credit Cards

If one of your goals for the New Year is to save money on your credit card bills, you might be able to do it even without a balance transfer. You could negotiate better rates and fees instead. Don’t wait for better opportunities or credit card offers to come your way. Improve your existing credit card offers today!

What can you negotiate with your credit card company?

Just about anything can be negotiated, within reason. Is your credit card’s annual fee higher than the fee on most comparable cards? Ask to have it lowered! Are your interest rates just a few points too high for you to want to stay with your credit card company? Tel

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You and your partner are thinking about merging your finances and using the same credit card account. Should you? There are definitely benefits to having your partner as an additional cardholder on your credit card account, but there are some risks and downsides as well. Here’s a brief look at the good and bad, to help you determine whether or not you want to add an additional cardholder to your credit card, or be listed as an additional user on someone else’s account.

Risks of Additional Cardholders

The primary risk of having an additional cardholder on your credit card account is that there will be two cards. Why is this a potential problem? Two

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According to a recent survey of almost 10,000 consumers commissioned by the National Retail Federation, fewer people are using credit cards for this year’s Holiday shopping. 30.9 percent said they used credit cards compared to 33.8 percent last year, an almost 10 percent decrease from 2008. Women used credit cards less than men, with 29.1 percent of women paying for Holiday purchases with credit cards versus 32.8 percent of men.

“As expected, shoppers have shown tremendous restraint in buying gifts with the money they already have, not the money they hope to have,” said Phil Rist, executive vice president, Strategic Initiatives, BIGresearch, which conducted the survey for the NRF. “Rely

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Credit cards have indeed become part of our lives. When we dine, shop or travel, we use cards to make payment transactions very convenient. Using cards became even more exciting with the deals that came with them.

Many people think that they will not get approval for any credit card deal mainly because they have no credit history. To a certain extent, this is factual, but it is not always the case. Yes, it is still possible to get a credit card even in the absence of a credit history provided that you are employed or have other sources of income.

In reality, card companies and other financial institutions offer cards to people without any credit experience.

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According to recent reports a number of credit card providers in the UK have been pushing up the rates charged on their cards in time for the Christmas period, with some pushing up rates by as much as 7 percent.

Capital One is one of the credit card firms to have made this move, and has tried to defend its actions by stating that the reasoning behind the interest rate hikes is to reflect the higher risk of some customers combined with current market conditions.

Officials have said that some consumers could end up paying a massive 40 percent interest on their Christmas purchases if they use these high interest cards unless they are able to pay off the balance in full before interest starts being charged.

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We’ve heard plenty over the past few months regarding unfair credit card practices, but it seems more fees have surfaced causing consumers greater financial despair. According to a new report from Durham, N.C.-based Center for Responsible Lending, credit card companies are imposing deceptive fees and hidden charges to sidestep new consumer regulations.

Data from New Consumer Study

The study conducted by the Center and released Thursday, Dec. 10 revealed some interesting new practices that credit card companies have taken on to save themselves money in the wake of the Credit CARD Act.

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