Types of Credit Card Accounts

Credit grantors generally issue three types of accounts. The basic terms of these account agreements are:

Revolving Agreement (Typical Credit Card Account)

You may pay in full each month or choose to make a partial payment based on the outstanding balance. If you make a partial payment,you will be charged interest (a “finance [...]

Six Credit Card Secrets Banks Don’t Want You To Know

1. Interest Backdating

Most card issuers charge interest from the day a charge is posted to your account if you don¹t pay in full monthly. But,some charge interest from the date of purchase,days before they have even paid the store on your behalf!

REMEDY:Find another card issuer,or always pay your bill [...]

What is credit fraud?

In a country where consumers owe more than $1 trillion on their credit cards,estimates of $2 billion to $3 billion in credit card fraud losses may not seem all that terrible. That comes out to just two to three one-thousandths of one percent. But it is terrible to victims of fraud. Though they may [...]