Month: September 2008

Can you control using your credit card?

Posted by admin – September 20, 2008

What principle by the vast majority of consumers already clearly should be confirmed now a study by the University of New York: Who pays by credit card tends to spend money rather than with the use of “real” money.

The study of the New York University included various testing situations, with the results of the whole unequivocally make it clear that the payment with banknotes more “painful” than the use of plastic money, coupons, etc.

In the first part of the study was 114 people a restaurant menu presented. The test subjects had to specify how much food they are prepared to pay, with a portion of the test subjects were equipped with cash, the other part with credit cards. The result underscores the indexed statement that the payment with plastic money rather than leads to wastage if cash is needed.

Another test situation contains 28 test subjects, which the typical purchase of consumer goods such as soups, ketchup toothbrushes or partly with cash and partly via gift certificates should realize. Here, too, showed that the voucher in the pocket like play money will be treated and purchasing the affected much easier.

The psychological explanation of observed phenomena is disconnection primarily in pain when paying with cash to see. This is for credit card use at the moment of purchase is not present in equal measure since it at the end of the month or the next billing period will be moved.

Alternative to conventional credit cards

Posted by admin – September 15, 2008

Traditional credit cards allow cardholders to purchase without cash. Worldwide, there are several million outlets for credit cards, for example, boutiques, supermarkets, department stores, restaurants, but also gas stations, travel agencies, airlines, car rentals and hotels. Possible through a loan under which the bank on the credit card is available. The amount of the credit-oriented framework is usually at the level of income and general creditworthiness. However, for example, credit ratings has a negative entry, usually the bank refused to issue a credit card.

For these cases, there is an alternative solution to the so-called credit card without good credit report. It works like a prepaid card, a prepaid card, because this type of credit card can only be used to pay again if money to the card account has been transferred. In this mobile phone cards from well-known principle, the cardholder is always in full cost control and can not fault, because the output limit is always in the amount of the card itself.

The prepaid card can also be used by customers, for example, not yet 18 years old and are no separate income. How can parents their offspring, the study abroad or learn from Europe on the card account deposit, which the children abroad or when paying cash. An attractive side effect of prepaid credit cards: Some companies pay interest on the credit cards with interest rates. This allows the holder also a part of the annual fee back in the prepaid cards incurred. The transfer back to their own checking account at any time without notice possible. The money is usually funded within one to two days.

Even if the annual fee is higher than comparable Classic credit cards, falling further charges are often lower. So are the prices for cash at ATMs or pay expatriate significantly lower than those of normal tickets are priced and limited, while the minimum fees typically from 2 to 10 dollars per withdrawal are incurred.

The service account for a prepaid credit card is usually free. Postings on the information once a month on a free account. More and more credit card companies also offer online banking cards on the Internet. Besides the monthly payroll can daily sales and cash-recycling them.

Advantages of a prepaid credit card’s

Posted by admin – September 10, 2008

Although predominantly in Europe will you be paid with cash, these days credit card is becoming increasingly important. Because there are some areas where preference is paid by credit card. Especially when the Internet plays an important role when purchasing using a credit card – because there are many online stores that only accept credit cards as payment. Especially if one of the dealers are resident abroad would like to buy, the credit card is required. But we must not even look as far – Car rentals are a good example that even in America, a credit card is required. Without a corresponding map, it is usually not possible to obtain a rental car.
However, in order to obtain a credit card, you must meet certain conditions. So it is at most banks and credit card companies is a prerequisite that you are in an employee relationship, and on a sustainable income. For some people this is of great disadvantage, such as for students. Because most do not currently have a job.

But now there is a solution to this problem. This solution is called prepaid credit card. A prepaid credit card may ultimately be requested by anyone – because there is no money for this certain conditions. It is not necessary that you have a sustainable income – age is even not an issue. Just go to your local bank or just go on google.com and type “prepaid credit cards” a lot will come up. Just select a known name, double check the annual fees make sure they are free or have a very low maintenance fee around $10 to $20 and sign up. Prepaid credit cards are the best way to get credit and not get into debt since you prepay unlike traditional credit, you won’t get in debt because you use what you put in.