By Amy Turner on 20-03-2012
The US Federal Credit Unions Visa Gold credit card is one of three Visa cards offered to members. In order to apply for this or any of the credit unions cards you must first qualify for membership and open a member savings account with a $5 deposit.
when you use the FREE credit card chaser!
Most banks are there to make money for their stockholders, just like any other business. Credit unions are different. They are not-for-profit organizations created to help people meet their financial goals. They are also owned by members. CBS News reports that many people are turning to credit unions because of lower costs and better customer service.
US Federal Credit Union Information
Credit unions usually service a select group of people.
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By Amy Turner on 12-03-2012
As expected, average 0% credit card balance transfer fees increased in March from a multi-year low of 2.95% back above the 3% mark to 3.1%. Average 0% balance transfer durations, which had also fallen to a 9 month low of 12 months, rebounded slightly to 12.17 months.
The expected drop in balance transfer fees occurred as a result of the termination of a limited time, 12 month 0% APR no fee balance transfer offer from Discover on February 29th. In the absence of this product, Slate from Chase is presently the only major credit card offering a 0% APR on balance transfers that charges no transaction fees. All other major companies are charging fees of 3% or more on 0% transfers.
Although common prior to the credit crisis, no fee balance transfer offers have been a rarity over the past three years.
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By Amy Turner on 07-03-2012
We evaluate some of the latest offers in the credit card market 
Consumers who want to put their purchases on credit cards have a lot to celebrate as interest rates fall and lenders offer new incentives to pay with plastic.
Borrowers spending smaller amounts often decide to put the payment on their credit cards, but keeping a close eye on the fine print of the deal will help prevent unnecessary distress in the long term, when it comes to paying off the bill.
As more and more deals hit the market, credit seekers are encouraged to shop around for the best option for their own borrowing needs. The right type of card depends on factors such as how much debt you have, the health of your credit rating and how quickly you will be able to pay off what you borrow.
Paul Lawler of Moneysupermarket.com said: “It is important to choose a card for the right purpose and your own circumstances. I
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By Brandon Morris on 04-03-2012
The CARD Act protections also affect customers who have incurred a balance under a promotional financing offer. In the past, banks frequently offered low APR or 0% promotional financing, but would only apply payments to those balances before allowing customers to pay down other balances with higher interest rates. Card issuers must now apply payments to the balance with the highest interest rate first, which is much more favorable to cardholders (although they can still use the entire minimum payment to reduce whatever balance they choose, typically the lowest rate one). Finally, credit card users are guaranteed a minimum grace period of 21 days in which they can pay off their balance in full without incurring any interest. The previous rules only required credit card issuers to grant a 14 day grace period.
The CARD Act curtailed many unfair and abusive practices, but its regulation of how credit card interest is calculated is one of its greatest protections.
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By Jeffrey Campbell on 29-02-2012
Wonga says it prides itself on not using aggressive, targeting marketing, but ever since I applied for a Wonga loan, this message keeps returning to hover over my Gmail account inbox: “Payday Cash in 15 mins – Wonga.com/payday-loans – No Phone, No Fax, No Fuss. £400, Instant Decision – Apply Now!”
It’s a successful advertising investment because it’s become hard to avoid thinking about Wonga each time I check on my emails.
The company’s policy on extending loans from one month to the next is a key area where Wonga sets itself apart from other payday loan organisations. “W
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