By Amy Turner on 06-01-2012
Loyal customers of American Express have, on occasion, found that their accounts in good standing have suddenly been suspended. Only later have they learned that they are the subject of American Express’s financial review process. In order to have their accounts reinstated and to receive any pending rewards, it is imperative that cardholders succeed in satisfying American Express.
The first step to passing an American Express Financial Review is to take the procedure seriously. In some cases, cardholders are initially informed of this process by a poor quality call from an overseas representative. That person claims to be from American Express and asks cardholders to verify personal information. Understandably, cardholders are reluctant to divulge this information to unverified individuals. Nevertheless, cardholders should hang up, and call the number on the back of their card. W
Read more…
By Brandon Morris on 03-01-2012
The market for cash back reward credit cards is very crowded as a growing number of customers prefer cash to loyalty points. Every major bank offers at least one product that allows consumers to earn cash back and these cards are typically distinguished by the categories that return higher cash back percentages. Bank of America’s BankAmericard Cash Rewards card is aimed at customers who want to earn more cash back for the purchases they make most often.
On most purchases, BankAmericard Cash Rewards users earn one percent cash back, with two percent being earned on groceries, and three percent returned on gasoline. Additionally, customers who redeem their rewards into a Bank of America checking or savings account can earn an additional bonus equal to 10% of their cash back rewards (not 10% of their purchases).
The 2% on groceries and 3% on gas offered unfortunately only apply to a cardholder’s first $1,500 spent in each bonus category, each quarter. Onc
Read more…
By Amy Turner on 01-01-2012
The cost of using a credit or debit card could get significantly cheaper if the Office of Fair Trading bans retailers from charging exorbitant booking fees and surcharges. 
By Emma Simon
6:30AM BST 30 Mar 2011
The organisation is to probe these opaque and often inconsistent charges, after the consumer champion Which? launched a “super-complaint” about these practices.
It says these charges are completely unjustifiable and are becoming more widespread. Although it only costs companies about 20p to process a debit card payment – and no more than 2pc of the value of a credit card transaction – many organisations levy fees far in excess of this.
Budget airlines, taxi firms, cinema chains, insurance companies, letting agents, local councils and the DVLA are among the companies and organisation to charge such fees. The cos
Read more…
According to the federal and state law of USA, you can get a free credit report annually from the three main credit reporting agencies. Experian, TransUnion and Equifax are the three major credit reporting agencies; from each of them you can get a free credit report. However, there is another way of getting a free credit score or report. You can get a free credit report online. But you must be careful about selecting them as many of them provide the credit reports which contain a fair amount of flaws.
Today, people have a common tendency to get everything instant if possible. With the advancement of the modern technology, it is quite obvious that people are expecting a fast result from their actions. An instant free credit report can be achieved. But, they are not like the vending machines, which provide goods immediately after getting the dollars. Read more…
When a person falls deep in high interest credit card debt, he wonders about the options that can pull him out of this precarious situation. As there are many debt relief options that one can take resort to in order to get back on track, most people choose the credit counseling agencies. What is the most probable reason behind the mass popularity of this option when there are debt consolidation companies and debt settlement companies that can also help you reduce your debt load? Well, there are certain benefits that you may reap when you get help from a professional credit counselor who is the main representative of the credit counseling agency. Here are some benefits that you may reap.
- Assesses your personal finances: The first job that the credit counselor does is to check the present financial state that you’re going through so that he may give you the best advice that suits your present financial condition. U
Read more…
