Archive for the ‘Credit Card’ Category
The SuperCard, financing instrument for purchases at supermarkets and appliance chain launched by the national government in order to pressure banks to lower fees charged by credit card use, seems destined to be a resounding failure Trade Secretary’s Office, Guillermo Moreno. According to reports, in a month and a half just were printed plastic 65 nationwide.
The figure was revealed by economic journalist Alexander Berkovich, of DiarioBAE, in an opinion column that he dedicated to Moreno. “What was not finished off the SuperCard, which officials and businessmen devoted a dozen meetings and hours of tense negotiations. During the month and a half the program has been active, despite being offered to customers in Capital Federal, the Suburbs and several cities of the interior, printed just 65 plastic chains, “he said.
The SuperCard had been announced with great fanfare as a popular financing alternative, but ultimately were more requirements to be met to obtain the benefits it provided. To access it, you need to collect at least $ 2,500 per month in black and already have another traditional credit card. It costs $ 38 monthly, annual funding rate of 22% and a limit of $ 20,000 purchase.
The national government should remove the veil of illegality secondary exchange market and increase the surcharge on credit card purchases abroad, to prevent the Argentines ” dollars spent sightseeing ” abroad , recommended the heterodox economist Andrew Asiain .
Professor, Faculty of Economics , UBA and member of the National Economic Chair ” Jauretche ” Asiain was in favor of raising the so-called ” dollar card” in times when currencies accurate national administration to ” sustain the activity and employment ” , and keep the country’s growth be limited .
In an interview with Noticias Argentinas , the faculty of the University of Buenos Aires said that ” should not be illegal parallel market ” , while stressing the need for Argentina to progress to a stage “superior” economic growth , “The development ” , promoting ” structural changes ” in its scaffolding productive .
Asiain was expressed in these terms at times when some leaked reports indicate that the government would be studying the potential to double the foreign exchange market and increase after legislative elections next month , the surcharge of 20 per cent on purchases credit card abroad.
“It should be illegal parallel market , in any case there should be a free market where you buy and sell dollars to unofficial price , which means that the Central Bank does not provide the dollars there, not going to give you five dollars ( weights ) and peak , but who wants to buy eight or nine , you buy them and do not have to be committing an illegal act , “he said . Read the rest of this entry »
Nobody is bitter sweet says the popular phrase , and transferring the meaning of this phrase financial products certainly it does not hurt to save on costs within their products , and by extension in principle no one would deny the elimination of commissions and expenses of their bank cards , however , within this wide range of offers for free cards , you must put all your attention on what you hire, and that sometimes what seems can not be.
The free discount cards routinely comes to relate to a period of time or a certain degree of linkage , this is the first thing that we should look to ask when hiring a credit card .
The first cases an exclusive free one year, which is usual , may be accompanied by either significant costs in the second year , or at best a consumer demand that we certainly assess whether we are able to take it or not, in other cases , it will be a certain degree of connection which will allow us to see not passed on these committees after the initial promotional period .
We should note that few , actually very few credit cards that we can get free offer without any of these two questions added .
But there is more . For those cards that we require certain consumption volume for free , we must look very closely at the interests that these products are going to affect fertilizer in advance , ultimately by the use of the card. Basically we will access a financing product that can be found easily in many of its deals with interest above 20 % , which obviously interests will far surpass other possibilities such as bank financing themselves personal loans , credit preapproved , etc. .
So , of course , we must always seek those cards that we offer an improvement in the absence of fees and expenses, but do give us comprehensive comparative guarantee that this is a product that indeed we should .
At a time like this, when it raises a theme such as summer vacation, coincidences on issues like trying to save, rationalizing expenditure, saving on holidays, are total in any kind of analysis or review resort to the will agree.
This is normal, we are in a period in which issues are promoted precisely as personal savings, family savings plans, and ultimately transfer the concept of rationality in the costs to the domestic economy, which is essential, but we can not ignore spent on vacation, and usually always wears more than expected even on a good management plan and cost control.
Under the circumstances and to meet these expenses may be many choices, including the famous money under the mattress slept that is used for this purpose, however we are going to bring the two most common with its pros and cons; cards credit and loans.
We are not referring here to request for new credit cards, which can also fit into this article, but to squeeze the maximum of the card as a possible source of refinancing for the extra cost of the holiday, or, even going beyond, to temporarily increase these limits.
The first point in favor of this option, obviously, is the knowledge of the behavior of the product, we used our cards represents a greater or lesser extent, and therefore, to know their resources repayment, repayment patterns, interests as well as important issues such as default interest, or costs may generate a default.
Overall average credit card provide to us may be more manageable from the standpoint of cost control, as we will be disposing of it as you need, as long as obviously aware of the repayment period and the such expenses.
The great advantage of the credit in this case is its own characteristics, once to apply that amount as considered necessary to operate on holidays, possess a clear vision of what you have, how much it costs and how we need to return it, can probably in this case increase the repayment so sensitive about other options like cards, plus in the case of pre-approved loans, to also work on what we need to have, and not on the total credit.
Obviously these are products that carry a behind application process, which generally have a higher interest rate what other options, and, importantly, represent a break point in the development of our domestic economy in the form of cash injection, which has in principle an incidence greater than a willingness to credit on a card.
It is normal for financial products, the same way that any product or service, end up adapting to the times, and in this sense, end up adapting ideas from other industries or fields, but that may be helpful in your specific offer.
Speaking of credit cards, it is clear that the most popular models of these products would be credit cards or debit cards, however in recent years there have been different models of bank card application, such as prepaid cards .
The prepaid card, as we usually associate with mobile concept, maintains a relatively similar behavior in this sector, ie for use is based on a previous charge of money which can be used without restriction, but once exceeded not permit its use, in the case of mobile preventing outbound, and in the case of bank cards at this level behaving just like a debit card is, once recharged limit exceeded possibility no longer exist use until a new refill.
Prepaid cards have come to become an interesting alternative to different utilities that previously were used to credit or debit cards. As an example we may mention the famous business cards for travel and accommodation, which in this case can be much more regulated in their spending because after prior planning can recharge the card only to the amounts that will be needed, thus preventing the charges on card without having to do with the object thereof.
Furthermore, and in some proposals, it has also become a fast model to provide a transfer of money from relatives abroad, for example, which can be very useful for people who live in our country but maintain families or family ties in other countries that want to make money.
In short, a useful interesting, practical card model, and that, overall, does not come to bring huge costs over the card or account that is associated.
The campaign aims to get Donors through credit cards.
Father Angel Rossi, a member of the foundation, visited the studios of Chain 3 and told the story of the institution which he defined as a “utopia possible.”
“The foundation was launched in Buenos Aires with a group of people in neighborhoods simple, lending a hand in needs; thus arose nursing homes, centers for social and psychological support,” he said.
Then, “in 2001 we started with ‘The House of Goodness’ in Cordoba, to help the terminally ill.” “It is a work from medicine but from the social” he said.
“Then came the home for children 0-3 years old who are in the hands of the judges until they leave for adoption,” he continued.
The priest said the team also created “Mother Teresa”, which visits lonely people in the city.
Also, is the lodge on Liberty Street, which assists homeless men, and the team “Brochero” visiting prisoners who are alone, who does not visit anyone.
In addition, the foundation has a rural school in Los Gigantes, where soon there will be the secondary level.
Also, way to Alta Gracia the entity received a house that is a gathering place for volunteers and then given a social purpose.
Finally, there is the work that caters to mothers with children with AIDS. “It’s very nice to see how he comes to the link between the people who come and volunteer,” noted the father.
But if the fees charged by banks are considered high, and indeed they are, everything would be much simpler and beneficial to consumers, if the Executive Branch sent to Congress a bill amending the law N º 25,065, and 26,010, which regulate the operation and commissions charged by banks to supermarkets and shops.
Thus, all cards that operate in the market today may continue to operate without having to print a new card called SUPERCARD and then distribute it to consumers across the country. The fees paid by supermarkets and banks up to 3% on credit cards and up to 1.5% in emerging debit card law in force. Only modifying Article 15 of Law No. 26,010, it would lower the fees on credit cards to 1%, and the 0.50% debit. Put simply would solve the problem, otherwise, the whole system is unnecessarily complicated.
Also, if the Central Bank to enforce the laws in force credit card, banks could not continue charging usurious rates in many cases reaching 65% annual “Financial Cost Total (CFT)”.
Moreover, it is incomprehensible that on one hand the government indicate that inflation in 2012 was 10.5% per annum, and on the other hand, considered “revolutionary”, the interest rate of 22% for card purchases financed . If INDEC figures were true, the interest rates of 22% would then be usurious.
In addition, banks actually charge them either 3% to large supermarket chains. Because then reintegrate them 2%, by advertising that these banks do. The fees they charge are really 1%.
Those who do pay the 3% are Chinese supermarkets, retail stores, shoe stores, bookstores, restaurants, ice cream, etc..
If the federal government really wants to take profitability to banks, should start once and pass a law to amend the law of financial institutions in the era of the military dictatorship, which produced the most brutal concentration, denationalization, and internationalization of the banking system of our country.
And, should continue to modify the Central Bank circular absurd, that denature solidarity purposes established by Law No. 25.782/03, that I wrote, which allows the recreation of cooperative credit banks operated so successfully in the past.
More and more financial institutions to give customers the possibility of hiring a credit card without the need to switch banks. While it is a common practice in other countries like the U.S. and UK in Spain, and until not long ago, these cards were offered only by companies like Citi or American Express or trademarks such as Repsol and Cepsa.
But times are changing and more and more banks and offer the possibility to associate a credit card bank that operates normally. A trend that gives the customer the option of enjoying the benefits offered by a particular credit card without the hassle of having to change bank.
Under this premise, banks and the market are being increasingly attractive deals, with discounts for certain services, free insurance even in the absence of the credit limit fees. The card limit, interest and expenses associated (sometimes the fee for renewal is high) are some of the factors to evaluate when hiring a card of this type of comparator experts credit card Bankimia .
There are many financial institutions that have been put on the market in recent months credit card that can be contracted without the need to switch banks. Among the latest releases highlights the Barclaycard Visa card that gives an E-book or DVD MP3 portable to new customers who make a purchase with the card during the two months following the date of discharge. The high fee is free and also renewal, as long as you make an annual expenditure in excess of 1,500 euros.
Classic card Bankinter Obsidian is another novelty of the moment. It provides free accident insurance with coverage up to 300,000 euros and flexibility in payment. Cofidis, entity specializing in the quick loans, also just launched a credit card revolving loan customers (those that allow you to reuse as the amount that is paid). The credit limit and interest are the same set for the credit line.
Within the world of credit cards without switching banks should not forget the most famous and take longer on the market, such as American Express, with a renewal fee of 80 euros or Citibank Citi Gold. No registration fee or renewal, this card offers a 10% discount on all purchases made during the 6 months following recruitment.
Airlines need to protect their customers since they need them in the future. They also need to develop customer loyalty through offering world class services and affordable rates. In Australia and the Asia pacific region, frequent flyers are confronted with the problems of increased airfares. Statistics show that in Australia airfares have increased by 7% in the second quarter of 2011 and this means that the frequent travelers will have to tighten their belts in order to cope with the escalating airfares.
The American Express’s rewards card has offered frequent flyers relief from the constraints they are facing due to increased airfares. Taking into consideration that the airlines are not prepared to engage in price reduction, it may compel the frequent flyers to source for options to manage their travel budget. It is certain that customer protection needs to be emphasized within the Asia pacific region air travel market.
As frequent flyers wait for the market forces to calibrate on the airfares and with the anticipation that, may be, in the future air ticket may go down, something which is unlikely to occur, the flyers need to get on with their business pursuits. They can take advantage of the American Express’s rewards card in order to manage their trip costs. With the card membership, they can redeem the points awarded for free flights and accommodation as well as travel insurance complimentary.
A debit card is not exactly a credit card. When your debit card is exchanged, it checks your account whether or not it has sufficient funds to complete the transaction. If yes, then the money is deducted from your account. Although a debit card does not give you the option of paying later, but it allows you to shop without carrying hard cash. In addition, you can use this card at ATMs as well.
Payment cards in the category of credit cards, but the only difference is that you must clear the full balance at the end of each month. Since it does not allow you to see your balance, it gives you very high spending limit or perhaps no limit at all.
These cards are issued by supermarkets and malls to use their premises. You get bonuses like discounts and points that can be used later.
These cards are offered by banks in association with airlines, car manufacturers, and hotels. The use of these cards make you fly miles and points that can be stored and exchanged later.
Unsecured credit cards / revolving Cards
These cards allow you to pay a minimum rate of 2 to 4% and defer the balance next month. If you clear the entire balance and you later do some shopping, you will not have to pay interest on those purchases until the next billing cycle begins. This period is called non-interest grace period. If you have a balance due, then all subsequent purchases attract interest rates by the APR (annual rate).
Secured Credit Card
This card asks you to have a savings account with specific balance in it. This serves as collateral in case of default. This is a good way to repair bad credit reports. Make sure that the issuer reports to credit bureaus and do not mention the aspect secure. The costs associated should also be considered.
Consolidate Credit Card
If you have more than one credit card balance, you can combine them into a single consolidated credit card. The card provider is paying all outstanding balances on previous maps, and royalty fees and interest to do so. These balances are then moved to the new card statements. This is called the balance transfer credit card.