Student Credit Cards

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What Every Young Person Should Know About Credit …From a fellow student
Hello, my name is Keith. I'm pursuing my MBA in Marketing at Henderson State University. Building on my own experiences, I have taken it upon myself to share with fellow students the lessons I've learned in the world of college and credit.

Student Credit Cards
From online purchases to rental car and hotel reservations, credit cards have become essential to student life. College is the time to live life to the fullest, stand on your own two feet, and begin building responsible habits as you prepare for what lies ahead.

Find the best student credit cards
If you are looking for your first credit card or even a better one than you've got now, I can help you find the best student cards with the lowest interest rates and the greatest incentive programs. That's right - students can take advantage of credit card rewards, too. Student credit cards at Frankford Financial are clearly and compactly organized so you can quickly browse through them and select the one that best suits your needs. Frankford Financial has compiled the most comprehensive list of student credit cards available, and you can apply right here online — I've researched hundreds of Cards...The only one I feel comfortable recommending is The MTV Card from Citi >

Compare credit cards for students
Among the student credit cards available, we have identified the most beneficial offers and programs. I can help you compare and contrast the different credit cards available, critically looking at factors like interest rates, annual fees, rewards programs and more. Many of the credit cards for student spenders do not carry any annual fees, and most offer good interest rates. It is important to choose a credit card with a low interest rate if possible, because those fees can add up, burying you deeper in debt.

Establish good credit from the get-go
If you want to own nice things later in life - a brand new car, a house, a boat, or even if you plan to rent for a while - it is very important to maintain responsible behavior when it comes to your spending and repayment of credit card bills. I can advise you on several tips to keep up great credit conduct so you can accomplish all of your financial dreams.
First of all, don't spend more than you can afford to pay off each month. Sure, it's tempting to throw everything on plastic when you go to the mall, or to run a tab for your entire floor at the bar, but those bills add up, and interest just makes matters worse. If you pay back each and every bill in full and on time when it is due, you can fully take advantage of student credit cards without causing problems for the future.

Secondly, no matter how tempting it is, don't send your credit card bill home to your parents. Mom and Dad may not mind picking up the tab for a couple of months while you are on campus, but their wrath could be even worse than the credit issuer when it comes to payback time. Plus, the urge to splurge gets a lot stronger if you don't have a physical reminder of just how much you've already spent. Some circumstances, however, may be just perfect for partnering with your parents on the credit issue. It is a great idea to apply for a student credit card under your permanent home address when you plan to study abroad for a semester or two. Send the bills home, link up a bank account with your parents and ask that they pay the bills for you until you return. If you don't feel comfortable sharing custody of a bank account, ask your parents to foot the bill and keep track of what you owe until you come back home. Many students find it even more convenient to just rack up a hefty credit card bill while away, paying only the minimum balance, but that balance can progress into four figures before you know it. It always goes back to the motto of responsible credit behavior.

Finally, you can ease your way into the credit world if you aren't entirely ready for large bills, interest rates and monthly minimum balances. Consider applying for a credit card for students and use that card only in emergencies and for travel needs like hotel stays, rental cars and gasoline. Many credit cards for student or adult spenders alike offer great incentives and rebates when it comes to gasoline, grocery and drugstore purchases. And do we ever need it with the climbing fuel costs!

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Bobby's first experience with credit cards
Now that I've given you some tips and tricks to get started with a student credit card, let me tell you about a big lesson I learned when a friend of mine first tried to get a credit card on his own. Although he had no negative credit history of his own, my friend Bobby was not approved because his parents had negative strikes on their credit reports. When Bobby told me about the red tape, we were baffled. We had no idea that the credit history of your parents' could affect your own credit. We were shocked to find that you may actually share the positive, or in his case the negatives, of your parents' credit history - especially if they still claim you as a dependant. Furthermore, prospective employers may run a credit check as they consider you for a job.

In order to help you, my fellow student, I have come up with not only the best selection of student credit cards on the market, but I have also researched and compiled pertinent information based on “what every student should know about credit”.

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Why get a Student Credit Card?
With a student card, you have the opportunity to enjoy great benefits and freedoms while also learning the value and responsibilities that go along with those freedoms. Student credit cards can enhance your quality of life when used properly. You can receive all sorts of rewards and great deals, while also enjoying cash back on some purchases.

Starting the journey to good credit and financial adulthood can be very exciting. With discipline and a good balance of spending and saving, any student can take advantage of student credit cards. The most important thing for students to know about credit cards is that, above all, they must be responsible.

There are many reasons why a credit card can come in handy. Just a few:
• It is always comforting to have a credit card in case of emergencies. Picture this: your car breaks down halfway to your spring break destination and you need repairs to keep going. The last thing you want to do is ask your friends to pool all their spending money to fix your car, which is exactly why a student credit card can come in handy.

• Credit cards are good for unexpected car repairs or medical bills. As mentioned above, car repairs can be costly - but so can medical bills. Even with health insurance, sometimes medication alone can cost more than your monthly food bill. Keeping a credit card around for these atypical bills can really lighten your financial load while you are in college.

• Credit cards for students are great for lofty book bills, monthly grocery bills, etc. I don't know about you, but my checking account has never contained more than three figures at any given time, and on several occasions, it's dipped dangerously low toward one figure. Paying for a semester's worth of books or a semester of grocery bills is not only unlikely, it's a ridiculous concept altogether. This is where credit cards for student consumers come in. Just throw the necessary college expenses on plastic payment and breathe easier knowing you can still afford wing night and the movies without having to choose.

• Student credit cards make study abroad trips very convenient. In fact, the last thing you want to think about when you're on the other side of the world is how you're going to enjoy the rest of the semester without turning to beggardom. Spend the cash that you have when the vendor doesn't accept credit. Otherwise, take advantage of the amazing country you've adopted for a semester and don't feel guilty about picking out a few souvenir photos, indulging in a series of incredible tours and checking out a concert or a new CD here or there.

• If you plan to make reservations anywhere - hotels, motels, spring break resorts - most places require a credit card to hold the room. Even if you intend to split the cost of the accommodations with friends, it is still vital to have a credit card on hand when you call to book the dates.

• Now you can shop online. From Amazon.com to your favorite chain store - Eddie Bauer, Gap, Target, Wal-Mart, etc. - a student credit card empowers you with yet another shopping venue. Shopping on the World Wide Web, especially for holiday gifts, can be quick, convenient and much less stressful than fighting the crowds at the mall. Shop in your pjs if you please, but remember, a credit card makes it all possible.

• Consumer protection is paramount. Credit cards afford a few hidden gems to their holders. Suppose you purchase an item that doesn't own up to its reputation, whether damaged or defective. The store may be unwilling to accept your return or exchange, yet the Fair Credit Billing Act has got your back. Also, should a merchant accidentally charge you for the same product or service twice, you can rectify your bill with a simple phone call to the credit issuer.

• Credit cards are safer than carrying large amounts of cash. Whether you are heading out to the local dive for a few beers or on vacation for a week in an unfamiliar place, chances are you won't have to worry about your credit card's security in your wallet.

• They're quick, easy, and convenient. Most people don't think twice about swiping a credit card for their daily purchases. This can be as much of a risk as a convenience, but with discipline and a responsible attitude, financial damages can be avoided. Forget about counting out your dollars and cents to make your purchases. Credit cards make life simple. Stay within your credit limit and you'll be set for smooth sailing.

• Purchase now; pay later. Many jobs in the college world pay students for their toils only once a month. From experience, I know it can be difficult to make those dollars stretch. This is where student credit cards pick up the slack. Put your month's purchases on plastic, get paid by your employer and pay off the balance when it comes due. It's a gift that keeps on giving as long as you take good care to be responsible with your spending.

• Establish good credit for your future. Remember that house, car, boat or other expensive item you've got your heart set on for the future? Well, with a good record of responsible credit card use, you can look forward to each and every one of them. Make every effort to pay your bills in full and on time. Consider making a budget if you find that you cannot afford to immediately pay back as much as you are spending. Take the time to examine your spending habits, even if only for a few moments. Can you cut some of your spending down? Do whatever you can do to practice smart financial behavior and the rewards you reap will be enjoyed for years and years to come.

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What every student should know about credit
We've touched upon many important concepts when it comes to credit cards for student consumers. Now I want to address some key terms and concepts that can really enhance your credit experiences.

Outlines of Credit
Different types of “credit” may be available to student consumers, and likewise, different types of consumers may benefit best by choosing a certain type of card.

• Credit card - Perhaps the most common form of plastic tender, these cards contain a magnetic strip that allows the cardholder to make purchases on a deferred payment plan. Bills come due once a month and require that the cardholder put down a minimum dollar amount or portion of the balance. If the consumer chooses to carry a balance, interest fees will accrue.

• Charge card - Similar to a credit card, this type of tender requires that the consumer pay the balance in full when it comes due. Because of this condition, no interest is charged. Two examples are the American Express Card and the Diners Club Card.
• Debit card - Debit cards are much like credit and charge cards, minus the risk of running up an unwieldy tab. These plastic cards are tied into the consumer's bank account in such a way that no more cash can be withdrawn than is currently contained in that bank account. Cash can also be withdrawn via ATMs and applicable cash registers when a purchase is made. Funds are paid immediately, so no bills are involved.

• Cash advance - Cash advances provide an instant cash loan to consumers from their credit card account. These transactions bill interest fees and sometimes transaction fees from the first day of the loan until the day it is paid back.

• Convenience checks - These paper checks arrive with your billing statement, usually in sets of three. They can be used to gain access to cash or to transfer a balance, but typically carry high transaction fees and interest rates. If lost, thieves may easily cash the checks. Many people consider this form of tender to be more of a liability than a convenience.

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Types of Student Credit Card Applications
Credit cards for students are available in a variety of styles, with equally varying terms and conditions. More distinct than the colors, insignias, and designs on the cards, though, is the type of student card according to function. Debit cards issued directly by the bank, often known as “Star cards”, can give students a good head start on building financial responsibility. Traditional credit cards for student spenders are also available, in many different styles, coming from a number of different issuers and introducing varying terms and rewards programs. Check out the many student credit card offers listed on our Student section to find the card that best suits your personal needs.

Establishing student credit
Work hard to establish good credit with your student card and your financial future could be brighter than it would otherwise be. Your future apartment rentals, vehicle purchases, mortgage approvals and other lines of credit depend on it. To follow are some tips to start out on the right foot with responsible credit behavior.

Dos and Don'ts of using student credit cards:
• Do stay within your credit limit.
• Do make at least your minimum payment, on time.
• Do mail your bill five to seven days early.
• Do pay off your balance in full whenever possible to avoid interest charges.
• Do work within a budget.
• Don't forget to sign the back of your card, and keep your account information private.
• Don't use the credit card on a shared computer, such as in a computer lab or classroom.

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Establishing the best credit possible
Student credit cards make it easy to establish the best credit you can in a relatively short period of time - your four years at college! Much like student loans, credit card debt follows borrowers around for a long time to come, regardless of their age. Make smart decisions, avoid spending more than you can pay off, and get set to establish the best credit you can.
Establishing good credit is vital to your future wants and financial needs. When you go to trade in your old car for a shiny new one, be prepared to sit down with the car dealership's financial guru for a half hour or more. And you had better hope that your credit is in tip-top shape if you plan to sign a loan with the car dealership's lender.

From utilities to rent payments and qualification for a mortgage, your future residence also depends on your responsible credit behavior. The better your credit, the better the chance that you will be able to afford a loan that gets you your dream house sooner rather than later. Of course your job at the time and your available funding for a down payment factor into the mortgage application, but your chances are so much better if you start preparing for the future now.

As I mentioned before, prospective employers can peek at your credit history to get an idea of your financial disciplines before they hire you. Also, remember that the decisions you make now are vital to your future. If you practice smart spending and saving, you'll reap the benefits when you decide to apply for other lines of credit, whether additional credit cards, store based credit cards or loans for personal or business use.

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Reap the rewards, even as a student: Rewards Credit Cards
Just because you may be younger than many of the world's consumers, that doesn't necessarily mean you can't cash in on some of the same benefits and attractive credit programs as older consumers. Unlike the past, now good credit cards are available for students, many with low rates and no annual fee. Rewards credit cards give students an incentive to spend with plastic instead of cash. They can earn cash back, special merchandise, various discounts, air miles, hotel stays, entertainment, and so forth.

Surprisingly, the terms and conditions of rewards credit cards are often quite similar to those of traditional credit cards; however, rewards cards allow consumers to earn back cash and other incentives at a typical rate of a point-per-dollar spent. Lower interest rates, no annual fees and the same level of consumer protection should be expected. Sometimes cardholders can save even more on common purchases like gasoline, groceries, restaurant tabs and pharmacy purchases, often up to five percent. How's that for motivation to establish good credit?

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Protecting your credit report
Sometimes the best protection is a little bit of know-how. Be sure to collect up to three free credit reports each year to keep an eye out for identity theft and errors that may appear on your credit report. Should you find an error on your credit report, it is important to contact the creditor supplying the erroneous information as well as the credit bureau to inform them of the mistake.

To further protect yourself from identity theft and other potential problems with your credit report, be sure to shop only on secure online sites. Also, never lend your credit card to anyone else. Finally, shred any financial and personal documents before disposing of them.

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Insider Info: What some credit card companies don't want students to know
Creditors often boast about their great benefits and rewards, but tend to hide the less beneficial terms in their fine print. Some credit card companies require that cardholders pay an annual fee, or they entice customers with a very low introductory interest rate that spikes after six months.

Frankford Financial has thoroughly examined all available student credit cards to weed out the bad apples and present you with a variety of options to best suit your financial needs. With the cards on our site, you will find the most attractive offers with the fairest terms. You already do enough agonizing and thinking in college - why waste anymore time grueling over which credit card to select? We've made it easy so you can spend just a few minutes to pick the best one for you and apply online immediately

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FAQ's:
Why do I need credit?
Credit helps you to get the things you want out of life. It may not help you find the man or woman of your dreams, but a good credit history can allow the two of you to comfortably purchase your dream house together. Credit also allows you to make other financial dreams come true - from getting your own apartment or a brand new set of wheels to qualifying for a loan so you can open your own business.

What is a credit report and what factors does it examine?
A credit report is a document that details your financial history with regards to paying back loans and debt, not to mention tax liens and bankruptcy. Credit reports determine whether you are worthy of credit, and if so, how much.

How can I apply for a credit card?
You can quickly and easily apply for a credit card right here at Frankford Financial. Forget about long conversations on the phone or lengthy paperwork that you have to mail somewhere. Simply choose the student credit card that best suits your current needs and apply here.

Does it cost anything to apply online?
Applying online is quick, easy, convenient, and best of all, free.

Why should I apply online?
It is important to start building good credit as early as possible. Applying online gives you the quickest response to your credit card application. Apply online in between classes, during the commercials of your favorite show, or while you wait for your roommate to get out of the shower. It only takes a few moments to get on your way to a bright future of great credit!

How can I avoid finance charges? What about late fees?
Avoiding finance charges is easy. Merely pay off your credit card bills in full every month, and be sure to submit them on time. In fact, if you can remember to send them five to seven days ahead of time, you can pretty much guarantee that you won't face a late charge. Transaction fees may be applicable if you opt for a cash advance, balance transfer, or if you use your convenience checks. If you can avoid these transactions while paying everything else in full and on time, you shouldn't face any charges other than what you spent on your purchases.

How late is late?
For most credit card companies, a payment is considered late if it is not received on the exact due date. However, many creditors do offer a grace period. View your terms and conditions to learn more about your credit card's grace period.

How long can I wait to pay my credit card bills?
The longer you wait to pay your bills, the more interest will accrue and the better the chance that your credit rating will suffer. Credit cards, unlike student loans, must be paid back as they are put to use. Take special care not to spend more than you can afford to pay back.

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My Recommendation : The MTV Card from Citi? – Check it out >
After researching all the student credit cards, I am confident in recommending the MTV Card. You earn one point per eligible dollar spent, and every purchase on your card earns you points towards free merchandise or gift certificates. Best Buy, Blockbuster, Starbucks Coffee and Bennigan's are just a few of the participating rewards merchants. The card also features a 0% introductory APR on all purchases and balance transfers for up to six months, and no annual fee.

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Tip to Establish GREAT Credit Ratings
Harness the financial chaos in your life and turn it into a great credit rating. Download our financial organizer, Free for Students!
You can print it out and use it manually or work with it to organize your financial data on the computer. We poured many hours of time, energy and dedication into creation of this innovative tool so you can save time while making your finances as efficient and organized as possible. We know it can be a hassle to find order in your financial life, especially as a college student, but what we've done will help you get it together once and for all - with plenty of time leftover for friends and fun!

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I hope the information and the tips I have shared will contribute to your financial maturity and ultimate success in life. With the right credit card, you can truly enjoy the finer things in life while building toward even greater times.

Find this information useful?....Send your friends the URL of this page.

 If you or your school would like to publish my articles, just send me an email. I look forward to hearing from you, Keith.

Frankford Financial ?2008

Identity Theft - The Fastest Growing Crime in America

Identity theft claims a new victim practically every 3 seconds. Knowing this should give us good reckon to talk about it. So let's go over some facts why we need identity theft safety more and more. The information age brings us many new ways for someone to steal our money, identity, homes, savings, and bank accounts which are the same as stealing our lives. The cost of recovering from a condition like this for an private is very precious in time and money.

Hand Held Credit Card Machine

An innocent victim of identity theft uses in the middle of 3 to 5,840 hours of their life trying to put it back together again. An median ,820 to ,340 wages are lost to an unsuspected victim when dealing with their cases. The other expenses connected to their case, they will spend 1 to ,378 on expenses. private cases of identity theft impact company cost are 40% that tops over ,000 in lost revenue.

Because of the titanic increase of internet manufactures and the broad band connection this has given hackers vast new opportunities to target their victims without a clue. Americans pay 3 million a year because of online theft. Recently named Crime of the Times, Identity Theft will influence 10 million Americans a year. The internet and online way if not a big part now will be a big part American life. We work and have businesses, achieve house household business, purchase, and self financial statements, address changes with the U.S. Postal service. As our lives come to be more digital and we enter into the world of commerce, our vulnerability grows. High Tech criminals use the same ideas that encourages the easy flow of information and commerce, and they come up with countless opportunities to steal from the innocent. Earlier this year U.S.Treasury advisor Valerie McNiven made a claim that cybercrime has come to be more profitable manufactures than illegal drug trafficking.

Some ways Identities are stolen is not always online. One way is referred to as Digital Pick Pocketing. Anyone who has bodily way to your prestige card can swipe your name and prestige card information using a "skimmer", a small handheld gadget which reads electronic data stored on the magnetic stripe found on prestige cards, like a waiter waitress, bartender, Anyone you hand your card to and walks away from your sight. There are more reasons to look into Identity Theft Protection, other place identity theft thieves use skimmers is Atm machines which are getting known as automated theft machines, a gadget that's attached to an Atm, looking to steal bank card information and Pins. Skimmer setups costs are low compared to what they can bring in, no more than a 0 magnetic stripe reader and a underground camera aimed at the keypad. The reader speedily steals your information and the underground camera records your pin as you type it in. The information the skimmer receives is stored on a memory card or laptop underground some where nearby.

So we have challenges to accept if we don't want to be a victim, or shrink the odds to make it harder to find your identity. Crime arresting is about being aware, checking your prestige report, shredding all important material, securing your mailbox, investing in identity theft insurance because maybe population should be cautious. There are a few more ways that Identity Theft can make us a victim we can cover that other time, so get in the habit of Identity Theft safety and Awareness.

Identity Theft - The Fastest Growing Crime in America
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Credit card news you can Use

CREDIT CARD NEWS YOU CAN USE ?
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Developing a restaurant enterprise

Managing a bistro requires dedication, patient, hours and hours of labor. In particular, if you are running a small business, you have to do the allowable chooses in order to not waste money.

Hand Held Credit Card Machine

Deciding how many employers hire: such as, waiters and waitresses work often part time, so you hire more employers than you unmistakably need and wages are expensive.

Besides to enhance your firm and get popularity, you probably need a manager. But it could not be the right decision, above all you are beginning your activity.

Nowadays you can solve your budget problem, computerizing your firm to run a bistro too. So you could you use a software, that can help to built a real firm restaurant: increasing gains, reducing time aid and production guests happier as well. As a consequence, you save money.

For example,

This kind of schedule use as a keep hardware: touch screen, wireless printer and handheld.

The most prominent quality for the software is usability and intuitive graphics interface, whoever can use it easily. Functioning is simple: for example, the waiter picks up orders with handheld and principles delivers data to the kitchen and counter at once. Label can be printed on a shared receipt printer or on a separate printer in the kitchen or bar.

Moreover with a point of sale you are able to recorder everything: order entry, track and how much food you have in the warehouse.

The point of sale can tracks customers, reservations, status of table, former order history, shop bistro whole product list and ordering menu. You can update also data, adding new plates, beverages, prices, etc.

Computerizing the firm bistro means to check automatically profit, sale and employers too.

The most new software is QuickOrder. It is the first one pro clarification freeware for ordering administration restaurant, works on Ubuntu (Linux), Mac and soon Windows.

The schedule is open source: so whoever vendors, software house, hardware constructor can get for free the software and form their firm as well.

Developing a restaurant enterprise
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New judgment from commercial credit reports without Federal Commission. Yes, free.

Soon you'll be able to get your free credit report. A recent amendment to the Federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of consumer reporting companies. The Federal Trade Commission (FTC), the Agency for the nation's consumer protection law, the FCRA imposes of consumer reporting companies.

A credit report contains information on where you live, how to pay your bills and whether you've been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in the report to creditors, insurers, employers and other companies that use it to evaluate applications for credit, insurance, employment, or renting a home. There are three consumer reporting companies at the national level-Equifax, Experian and Trans Union.

Consumers in the Western States before will be able to order their credit reports under federal law, which starts on 1st December 2004. Consumers in other States will be able to order copies, according to a regional roll-out detailed below.

In recent months, consumers have asked the FTC to more details about their rights under the Federal FCRA and the fair and Accurate credit transactions (fact) Act, which established the programme of free credit report. You also asked about credit reports in General. Here are frequently asked questions.

Q: How do I know when they are eligible to obtain a free report?
A: free reports will be gradually over a period of nine months, adjusted from West to East Coast begins on December 1, 2004. Beginning 1 September 2005, free reports will be accessible to all Americans, regardless of where they live.

Consumers in the Western States-Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming, you can order their free reports beginning December 1, 2004.

Consumers the Midwest States-Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin, can order their free reports beginning 1 March 2005.

Consumers in southern States-Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee and Texas, can order their free reports beginning on June 1, 2005.

Consumers in the Eastern States-Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia and West Virginia-the District of Columbia, Puerto Rico and all territories of the United States can order their free reports beginning 1 September 2005.

Q: How do I order my free report?

Telephone Plug Adapters

There are no worldwide approved for telephone jacks. The North American Rj-11 pattern is used in over 100 countries through-out the world and if you are traveling to China, Greece or Vietnam, you will have no trouble plugging in your laptop modem, where-as, you will find that plugging-in is impossible without the permissible telephone jack adapter, if you should be traveling to Sweden, Hungary and roughly 40 other countries.

Hand Held Credit Card Machine

Complete choice of telephone jack adapters are now being offered by retailers, compatible to your laptop and modem, for your worldwide travel. There are duplex adapters, which will allow both the hotel's telephone and your modem to be plugged in simultaneously. This is quite an advantage, for it allows you to check the line potential and produce a relationship without unplugging your modem.

In sure cases, you may find that the nationality of the hotel chain determines the type of telephone plugs used in that hotel rather than the country standard. This is a frequent occurrence with large Us, British and German hotel chains. It is advisable that each time you plan to go abroad you should check this with your travel agent in order to make sure that you will be able to control your computer principles in the country that you are visiting or have the right telephone adapter with you. There are instances where the telephone in the hotel room is totally 'hardwired,' that is to say that the telephones installed in the rooms are without a jack. In this case there are three ways that you can solve your plugging in question - first, you may use bare wire with alligator clips, wired to a Rj-11 line to originate a connection, second, you can use a acoustic coupler that attaches the modem to the handset, or, if the telephone principles in the room is digital, the handset should have a jack and, using a digital interface you can accomplish the connectivity.

The other thing that you will need to check with your travel agent is whether the telephone system, in the hotel where you are booked in, is analog or digital. This is for the reason, that modems commonly work with analog telephone systems, and for digital systems, you would need special adapters for your modem to work. The digital telephone principles can be unquestionably identified by the presence of a visual display, a data socket on the side, or supplementary buttons for such things as television channels and laundry and other services. Any endeavor to plug in your modem with a digital phone may constantly damage the modem and render the digital phone in-operable. In order that you may control your modem with the digital phone, you will need two things - one, an acoustic couplet that goes on to attach your modem to the telephone handset or a digital interface that connects your modem to the telephone handset jack. The equipment is driven by electrical power and hence you will need approved power supply along with, for these to operate.

The most coarse analog adapter has atleast one telephone jack (Fxs port) for connecting a accepted telephone and an Ethernet jack, which you can use to connect to your Lan port in your laptop. Using an Analog Telephone Adapter (Ata), you may very well connect a accepted telephone to a remote VoIp server. Using varied VoIp protocols, you may have your Ata communicating with the remote server, encoding and decoding the voice signal by using a voice codec such as ulaw, alaw, gsm, Ilbc and others.

What is VoIp? VoIp stands for Voice over Internet. You use your internet service for maybe a monthly fee as a subscription to your internet service provider. You can send and receive as much data as you want on this service without paying any supplementary fee, especially when you have signed for a plan for unlimited use. This is not the case with your quarterly telephone, where you not only pay a monthly rental for each line that you have installed, you also pay for the calls that you make. Therefore, your telephone bill depends on your actual usage and your rental or rentals. With VoIp, you can send voice over the internet service that you are using. This voice is first converted into digital data and transmitted over the internet. By deploying favorable adapters, as discussed above, you can make calls over the internet which comes free to you.

Ata is a gismo that connects a approved telephone to a network or a computer principles so that you can make telephone calls over the internet. Internet based calls, especially long distant calls are substantially economy than the quarterly calls. Further, Ata is much more cost productive than the specialised VoIp phones that connect directly to the Universal Serial Bus (Usb) input of your laptop or computer system.

Most of the telephone jacks such as, Rj-11, ordinarily comes with four conductors and may also be available with six. It is likely that this jack is used in your household or office phones. These phones are plugged into by ordinary wire which is not twisted, sometimes known as "gray satin" or "flat wire." The jack connects your telephone to the telephone enterprise central office or to your inexpressive field transfer (Pbx) principles by longer wires known as twisted pair.

There are several types of telephone adapters available for your required application. All of these Atas supply you with connectivity in the middle of the telephone principles and your computer or a network, with some of these performing analog to digital converstions and connects you to VoIp server, while others use software to do one or both of the tasks. The simplest one is Rj-11 type, which plugs a telephone and/or a fax motor into the Usb connector in your computer, laptop or your handheld system. This type of Ata commonly works in conjunction with software, typically a soft-phone program. The software acts like an interface in the middle of the telephone and the VoIp server, for digitizing the voice data so that it can be transmitted digitally over the internet.

In a large corporate setting, Ata has complicated telephone jacks, with an Rj-45 relationship to the 10/100BaseT Ethernet hub or switch. This is used to connect to the Local area Network (Lan). Such an Ata, recap directly with a VoIp server by digitizing voice data and using sure protocols like, H.323 or Sip. In this type of application, the software, as mentioned previously, is not required. Sometimes, the relationship in the middle of a telephone and a Lan with Ata is referred to as VoIp Gateway.

A digital phone adapter plainly lets you add the feature of VoIp potential to one or two of your phones. The adapter lets you attach your digital phone to an internet provider's (Ip) network. This concept replaces Ip phones, which lets you make calls without any adapters. The broadband phone principles is the one where the internet service provider, provides you with the facility to make local and long distance calls for one low price. In such cases, the service provides you with obtain online passage to features such as phonebooks, call waiting, caller Id, voice mail, conferencing, call forwarding and more. In this case a telephone adapter is plainly plugged into your high speed internet relationship and the telephone is plugged into one of the two adapter ports, and you just need to dial from your telephone to get underway a call over the internet.

Telephone Plug Adapters
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Bad Credit Credit Cards

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HOW TO REPAIR YOUR BAD CREDIT IN 5 SIMPLE STEPS:
A Free Service from Frankford Financial — and when we say Free? We mean Free. We don't BS people.

  STEP 1. Use a Credit Card for Bad Credit to your Advantage
Many people don't realize the importance of having a bad credit credit card and the influence it can have in repairing your bad credit. Did you know that many bad credit credit cards report to all 3 major credit bureaus each month? This is absolutely vital in re-building or repairing your bad credit. You need to re-establish a pattern of solid payment history and more importantly have those 3 main credit bureau agencies recognize that you're taking action with responsible use of your new card. It may take some time but once you're approved and begin to use your bad credit card wisely and responsibly and make timely payments, over time you'll begin to see your bad credit turn good. Credit cards for bad credit will help you get there.

Being in control of your credit is the most important financial step you can make. But sadly a lot of us don't think about that until we are over-extended. But don't be discouraged! YOU CAN manage your way back to the top. In our age of computerization, it is more important than ever to routinely check your credit score and credit records. These scores effect what interest rate you qualify for, the amount of money you can borrow, your insurance premium and even that new job. By checking your credit report often you will also be able to spot any attempt for someone to steal your identity.

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We Research Hundreds of Bad Credit Cards – We only Recommend The Best:
Please don't fall prey to predatory lending and remember – there is NO decent Card available for those who have filed bankruptcy. If you've filed for bankruptcy within the last 7 years your only option is to use a PrePaid Card to re-build your bad credit rating.

 FYI – THE BEST CREDIT CARDS FOR THOSE WITH BAD CREDIT ARE :

1.   Platinum Zero? Secured Visa? Credit Card from Applied Bank?

2.   Orchard Bank Classic MasterCard?

3.   Orchard Bank Secured MasterCard?

4.   New Millennium Bank Platinum Visa?/MasterCard?

5.   New Millennium Bank Secured Gold MasterCard?

6.   New Millennium Secured Black Diamond MasterCard?

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  STEP 2. Get on The Same Page as the Lenders
• Get a copy of your credit history. Everyone is entitled to a yearly free credit report from the three major Credit Bureaus—Experian, Equifax, and TransUnion. The ONLY source for a truly FREE report is AnnualCreditReport.com or call (877) 322-8228. There are many web sites that appear to be free, but as you look further, you will discover there are "catches" such as subscribing to credit monitoring services (which you don't need - you can monitor your own credit). Another thing you ned to know—if you do this on-line, it is a long-detailed process and your frustration can build, but it is necessary as you have to prove who you are. You may want to simplify things and just call the number above, although it will take up to two weeks for it to arrive in the mail.

• Ask for your "Credit-Score". Your credit score is a calculation of your credit-worthiness that companies look for when you transact business with them. It will not usually be included with your credit report. These companies can be lending institutions, insurers, and even utility companies. Typically, your credit score is not included in a standard credit report so be sure to ask for it. Your score can range from 300 to 850. You usually have to purchase your credit score or you can ask a a lender to provide it to you if you are applying for a mortgage, loan, etc. Most mortgages are based on your FICO score (Fair Isaac - the company who created the credit score). Equifax sells a FICO score for $6.95 when you apply for your free yearly credit report through annualcreditreport.com.

  STEP 3.  Make Yourself Appealing to the Lenders
• Look for errors in your credit report. It is up to you to get them fixed. If you ignore them, it could cost you. For minor mistakes, such as misspelled name, etc you may want to call—but for anything else that affects your good credit then do it in writing and preferably send it certified. Your credit report will tell you how to file a dispute. The bureau will investigate your claim within 45 days. Keep your remarks brief in the dispute, since everything is computerized, they are not going to read a long, wordy explanation and even so—sometimes it's best not to admit to bad habits such as paying late. Chances are the creditor will not change the rating, but your credit report will show that it is in dispute. This looks better to your next lender than just ignoring it. And remember, when you use a bad credit credit card over the course of time, you're proving to lenders that you've been responsible and timely with your credit.

• Be prompt in paying your credit card bills. This may be the single most important thing in your credit profile. Missing a credit card deadline can trigger a late fee, in some cases as much as $39.00, not to mention the fact that when you are late the credit card issuer can increase your interest to the clouds, and will most likely report it to the credit bureaus. Just as a FYI—consider overdraft protection from your bank, you'll need to be careful about overdrafts/insufficient funds when writing checks...for instance, did you know that Pizza Hut reports their customer's bad checks to Equifax?

• Live within your means. Another important factor affecting your credit score is your "utilization ratio". How much you CAN borrow as compared to how much you borrow. Stay below 30% of your available credit. Reduce your "utilization ratio" by paying down what you have borrowed or increase what you CAN borrow. To do that either have your credit limit increased or open a new credit card account. BUT important here—resist the urge to "spend" just because you CAN. Again, live within your budget.

• Do your research before opening and closing credit cards accounts.
• If you want to close out some accounts be careful which ones you choose to close—your most valuable accounts are the oldest. And remember, some companies require you to cut up the card and mail it back to them.
• Be "choosey" about lenders. According to the web site (lifeafterbankruptcy.com) "finance companies are lenders of last resort" and can sometimes send out a negative vibe.
• Don't fill out more applications for credit than you need. Those retailers at the mall who give you 10% off of your purchase just for applying for their credit card is not a good idea.
• Beware of "pre-approved" offers. Just because it says "pre-approved" does not mean they have done a full credit inquiry on you. When the application is received they then do the full inquiry and it counts as a new credit application and could take your credit score down a few points.

  STEP 4. Protect Yourself
• Secure your paperwork. Your social security number is the key to your identity. Anyone who can obtain that number can open an account in your name. Don't give it out unless absolutely necessary and do not keep it in your wallet. More than likely you receive many credit card offers in the mail—did you know you can call 888-5OPTOUT to put a stop to them—thus cutting down your risk of identity theft.

• Shred all credit offers and bad credit cards offers you may receive in the mail. Never just throw them away, that can be an invitation to dumpster diving thieves. You only need a couple bad credit credit cards to help you begin the credit repair process anyway.

• Know what to worry about. Do you worry about your identity being stolen on-line? It's a little scary but the most common sources of ID theft is (1) stolen or lost wallet/check book/credit card, (2) stolen by someone you know, (3) an employee, (4) transaction off-line, (5) mail or garbage theft.

• Although you must trust your computer, you must also verify the data. Many are afraid to bank on-line, but actually it's safer than you think. Like our site, they use SSL secure transaction technology. It will soon be even more secure as Federal regulators have ordered banks to tighten their on-line security by requiring more than just a password to long on. Guard that password and never respond to emails that ask for personal information (phishing). The wireless internet connection is the newest way of phishing—an ID thief can capture data by misdirecting you to a fraudulent network and record your keystrokes.

• Be on the defensive. You can subscribe to a credit monitoring service that will alert you to any unusual activity on new accounts or different addresses for a fee—some absorbent fees. They offer score analysis, counseling, theft insurance, etc—but you can handle your own monitoring, which only requires a little time. Of course there are some exceptions, for example if you are already a victim of credit card theft, etc.

  STEP 5. Correct Errors on your Credit
• If you've got bad credit, the last thing you need is to be a victim of fraud. If you suspect theft of your identification, lose your wallet, or see something unfamiliar on your credit report, the first thing you should do is call the three main credit agencies and ask them to place a 90 day fraud alert on your account. The 3 main Credit Bureaus can be contacted below:

• Equifax (800) 525-6285
• Experian (888) 397-3742
• TransUnion (800) 680-7289

By letting creditors know that your identify may have been compromised, they will be cautious about new credit applications in your name. Call your creditors and close accounts that have had fraudulent charges made on them. Also file a police report.

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Quick Summary of our Simple 5–Step Credit Repair Program
• Consider applying for a bad credit credit card-it will help you re-establish your credit rating.
• Change bad spending habits, this is the best way to getting your credit back on track.
• Pay your bills on time as the very best way to reverse the damage caused by past bad behavior. Next pay down those maxed-out cards, and resist opening new credit accounts.
• Get help if you need it—if you are in real deep credit card debt—consider credit counseling—not just any counseling service—do your homework first. There are some unsavory counselors just "out for the buck". Go to the government's list of approved counselors (usdoj.gov/ust) or the National Foundation for Credit Counseling (nfcc.org) to get a list of legitimate business counselors.
• Be leary of fly-by-night Credit Repair Services...especially those on the Internet.

You can also discover a wealth of information in our Credit Card News Section on the left menu. The information on our site alone should be enough for you to repair your bad credit yourself. Why pay for a service? A lot of those services are scams! You can do it yourself for free...Sure it's going to take some time but you'll have the pride of knowing it was done right. Another valuable resource can be at your local lending institutions. Some of them offer free debt counseling services to their customers.

You CAN improve your credit vastly within a couple of years if you are alert and diligent in making your credit behavior a priority..."up front and personal". Creditors will look at your recent payment behavior as a better indication of your credit-worthiness than what you may have done to create bad credit in the past. So, begin TODAY— it's not hard, you CAN repair your bad credit! and bad credit credit cards can help.

* And remember when using a bad credit credit card – always read your card's statement in it's entireity as soon as you get it.

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DIFFERENT TYPES OF BAD CREDIT CREDIT CARDS

Secured Credit Cards
A secured credit card that is secured by a savings account opened with the issuer. Ideal for those seeking to rebuild their credit, but are having trouble getting an unsecured card. This may be a necessary evil in order to qualify for a new bad credit credit card. The upside? Many bad credit credit cards report to the 3 major credit bureaus monthly. We recommend The Orchard Bank MasterCard?, they've helped millions of customers rebuild and repair.

Unsecured Credit Card
An unsecured is a credit card that is not secured by forms of collateral. Unsecured cards are the most popular cards that are issued. We recommend The Aspire Card for those who want an unsecured bad credit card.

Prepaid Credit Cards
prepaid credit cards can be an important step in re-establishing your credit rating. They can provide a second chance in helping you re-build or repair your good credit rating. They also make good common sense and can keep you out of trouble when the desire to purchase takes over-if the money is not available on your prepaid credit card, then you won't be charging anything. Typically, you fund prepaid credit cards through transfers from your bank account or directly from your paycheck. You will decide how much money you'd like to load onto your pre paid credit card and you can enjoy all of the benefits of a regular credit card, but with no finance charges, no security deposits, no credit checks, and no bank accounts required.

Debit Cards
Debit Cards are issued by a bank, they are used to make purchases or to get cash from ATMs. Each purchase deducts money from the cardholder's checking account and works similar to a check.A Debit card is a ISO 7810 card which physically resembles a credit card, and, like a credit card, is used as an alternative to cash when making purchases. However, when purchases are made with a debit card, the funds are withdrawn directly from the purchaser's checking or savings account at a bank.

* By making on time payments and keeping your balance under the limit, you may be able to improve your credit score.

* Review the actual APR & annual fee (if any) after you click the "Apply" button. Individual APR's can vary depending on your credit history, income and FICO score.

? The length of your Intro Apr, your interest rate and annual fees may change depending on your overall credit rating and history.

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Did you find this 5–Step Program useful?....Help a friend, e-mail them the address of this page.

Frankford Financial ?2009

Innovation by MasterCard-credit card of the future?

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MasterCard? Credit Cards
By far our most popular application is for Platinum. The Platinum cards pack features and beneifts you won't find in general purpose cards. And because of that fact, the approval process is more stringent. You will need an excellent credit rating to be approved.

The cards on this page are presented as a sampling of the most popular Platinum MasterCards currently issued in the U.S. market. For more choices view the individual bank categories on the left menu. And remember, Platinum cards are intended for those with an excellent credit rating.

Reward your success with Platinum
Platinum is even more coveted than gold. The brilliant white metal is synonymous with luxury, prestige and wealth. With Platinum MasterCards, you get low APRs, high credit limits and a variety of benefits; a platinum MasterCard is a smart investment.

Many consumers find premium credit cards more desirable than standard credit cards because they offer much higher credit limits. Platinum credit cards also come with attractive extras and benefits, such as product warranties, travel insurance, rental insurance, auto rental collision damage waivers, enhanced customer service, and help during emergencies.

Get the Platinum privileges you deserve
Not everyone qualifies for a Platinum MasterCard. First of all, good credit - that means a high credit score - is a must. Second, unlike other credit cards, platinum cards require that your annual income meets the high standards set by the card's issuer. In a sense, Platinum credit cards reward you for being a in a high-income bracket.

Why everyone wants a Platinum
Regardless of the card issuer, all Platinum MasterCard holders are rewarded with a vast array of benefits and services. Here’s a glimpse at what comes standard with many Platinum MasterCards:

• 24/7 worldwide assistance and emergency services, including cash advances
• MasterCard Platinum Concierge Services - day or night
• Access to MasterCard’s Platinum collection partner network
• Master Road Assist roadside service
• Cash back rewards
• No-fee cash advances
• Fraud protection and no liability for unauthorized transactions
• 24-hour assistance with lost or stolen cards
• And much, much more!...Where else can you get such valuable perks and services at no extra charge?

What to look for
When it comes to choosing a Platinum card, start by looking for low intro and ongoing APRs as well as the best possible credit limit. Also look for a card that features the benefits and perks that fit your lifestyle. When researching the right card, consider the following questions:

• Do you like to travel internationally?
• Are you on the road all the time?
• Do you use your credit card for business?
• Do you rent cars often?
• Do you enjoy access to a high credit limit?

Platinum Myth vs. Reality
Many people think that qualifying for and obtaining a platinum credit card will improve their credit rating. Don’t be swayed by this myth. Platinum in your wallet won’t give you a better credit rating. For a higher score, make consistent and timely payments.

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About MasterCard?
MasterCard International is a global payments company with one of the most recognized and respected brands in the world. They manage a full range of payment programs and services, including MasterCard? credit cards, MasterCard? debit cards, Maestro? online debit cards, Cirrus? ATM cash access, and related programs.

With approximately 25,000 MasterCard, Cirrus and Maestro members worldwide, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless? advertising campaign is now seen in 96 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. MasterCard is accepted at almost 24 million locations around the globe.

MasterCard Incorporated is a membership organization owned by the 25,000 financial institutions that issue its card. MasterCard is also the company's brand of credit cards.

It was originally created as "Master Charge" by the United California Bank (now part of Wells Fargo) as a competitor to the BankAmericard issued by Bank of America. BankAmericard is now the VISA credit card, issued by Visa International. Other California banks involved in the founding of the original MasterCard were Wells Fargo, Crocker Bank, and the Bank of California

The name Master Charge was licensed by these California banks from the First National Bank of Louisville, Kentucky in 1967. These banks joined with the Interbank Card Association (ICA) to create "Master Charge: The Interbank Card". In 1980, "Master Charge: The Interbank Card" was renamed "MasterCard". In the late 1990s, MasterCard merged with Access, in the United Kingdom and Ireland, and EuroCard, in Continental Europe, and quickly removed the old names from cards, ATMs and in-store validators.

MasterCard also owns the Cirrus ATM (cash machine) network, plus the Maestro debit card network as well as the Master Money debit card in the United States, which competes against Visa International's more successful check card. In early 2005, it was released that Citigroup owns six percent of MasterCard.

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About MasterCard? Credit Card Applications
MasterCard began in the late 1940s when several U.S. banks started giving their customers specially-issued paper that could be used like cash in local stores. In 1951, The Franklin National Bank in New York formalized the practice by introducting the first real credit card.

Over the next decade, several franchises evolved where a single bank in each major city would accept cards as payment with certain merchants they'd chosen to work with. On August 16, 1966, one of these groups formed the Interbank Card Association (ICA), which later became MasterCard International.

Unlike other similar organizations, ICA was not dominated by a single bank. Member committees were established to run the association. They established rules for authorization, clearing and settlement. They also handled marketing, security and legal aspects of running the organization. Once the organization was well underway, it was time to expand globally. In 1968, ICA began what is now a huge global network by forming an association with Banco Nacional in Mexico. Later that year, they formed an alliance in Europe with Eurocard and the first Japanese members joined.

Many countries followed close behind the early international members and by the late 1970s, ICA had members from as far as Africa and Australia. To reflect the commitment to international growth, ICA changed its name to MasterCard. In the 1980s, there was further expansion into Asia and Latin America. In 1987, MasterCard became the first payment card to be issued in the People's Republic of China. In 1988, the first MasterCard was issued in the Soviet Union. Today, there are over 37 MasterCard offices around the world with the global headquarters in Purchase, N.Y.

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If you demand the very best...check out our “best in category” cards on our home page.

Did this article help? Share it with friends and family....Bookmark this page and e-mail them the URL.

Kezia Pearlman, Analyst, Frankford Financial ?2008

Smart Cell Phones With Video Used in Crimes

Many have hailed the smart cell phone with video or digital photograph quality as a great crime stopper. In fact if a criminal were to commit a crime some teenager on a skateboard would probably get a snap shot or a photograph of their license plate at they tried to escape.

Hand Held Credit Card Machine

Yet, recently in an online think tank person mentioned that crimes can be committed also using this technology and stated; "While camera phones have literally increased the likelihood that suspects will be photographed whether while or after their crime, it has also been used to commit crimes."

Now then, in the comments the think tanker went on to give examples of person using them to take upskirt pictures of unsuspecting females. This is something that all parents would be concerned with concerning the taking of sexual pictures and sending them by phone. literally in inspecting how a criminal might use a photograph phone, what about identity theft too? an additional one thing that unscrupulous criminals might do and that is stand near a prestige card engine and photograph prestige car numbers?

We all know identity theft is a huge issue these days and a criminal with a camera phone could use it to steal your identity. Apparently all technology has both good and bad uses. But over all I think the new camera phones are very cool. So, what are your thoughts on this issue? Have you giving it any thought? If not then think on this in 2006.

Smart Cell Phones With Video Used in Crimes
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The accidental tourist (not-so)

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The cards featured below can help you earn cash back, points, airline mileage or rebates. Review and compare the cards side-by-side to find the credit card that best suits your needs and lifestyle. Apply online in one easy step. Our American Express applications are updated daily and utilize secure transaction technology, ensuring your privacy and security. CHECK OUT THE BEST AMERICAN EXPRESS HAS TO OFFER
We feature these cards in the top row because they offer zero percent intro APR, low ongoing APR's, no annual fees and provide exceptional rewards.

* FYI — American Express? has discontinued issuing Business Cards as of Novemeber 13, 2008

Common features of American Express? Consumer Credit Cards : Experience the Financial Power and Security of American Express? Cards—no matter which one you choose. FYI : Most consumers choose the cards above, read on to learn why...

Access Your Account Online
You can view up-to-date billing information online, including transactions, charges, and payments.

Identity Theft Assistance
If you suspect you are a victim of identity theft, know that Identity Theft Assistance, free from American Express, will be there to help. Our experienced counselors are on call 24 hours a day to help you navigate the recovery process; offer tips on how to protect yourself in the future; as well as provide a comprehensive package designed to further assist you in re-establishing your good credit.

Transfer Balances
Transferring balances from higher-rate credit cards, department store cards, and loans help you save money on interest, reduce your monthly payments, and make one convenient payment. American Express credit cards offer attractive balance transfers, many with a 0% introductory transfer rate and a low, ongoing interest rate thereafter.

Year End Summary
Your new Online Year End Summary of Charges gives you access to important information 24 hours a day, seven days a week. Flexible features make organizing your expenses a snap - download the Summary and print it out; sort by date, merchant name, or charge amount; review charges made within a category, such as Travel and Restaurant. Your Year End Summary is an indispensable tool for preparing taxes and budgeting. You may also receive a paper Year End Summary in the mail by calling the number on the back of your Card.

Dedicated Customer Service
American Express is here to help you around the clock, with the kind of Customer Service that keeps Cardmembers loyal for a lifetime. For immediate service, call the phone number on the back of your Card.

Online Fraud Protection Guarantee
Use the American Express Card online, and you won't be responsible for any fraudulent charges. Period. No fine print, no deductible-just pure protection, so you can shop with confidence anywhere on the Internet.

Return Protection
If you try to return a designated item within 90 days from the date of purchase and the merchant won't take it back, American Express will refund the full purchase price, up to $300 per item.

Buyer's Assurance
With the Buyer's Assurance Plan you can shop worry-free knowing that the terms of the original manufacturer's warranty will be matched up to one additional year, on warranties of five years or less that are eligible in the U.S.

Purchase Protection Plan
Shop with confidence and the Purchase Protection Plan, which protects eligible purchases made with the Card against accidental damage and theft for up to 90 days from the date of purchase.

Car Rental Loss and Damage Insurance
Did you know that you are covered under the Car Rental Loss and Damage Insurance Program - at no additional charge? Simply use your Card to reserve, and pay for an auto rental. See the Description of Coverage or call 1-800-338-1670 for full details.

Emergency Card Replacement
Enjoy the security and convenience of access to Emergency Card Replacement services by calling 800-964-8542 or visiting one of over 1700 Travel Service Office locations worldwide.

Express Cash
Access your credit line 24 hours a day at more than 500,000 ATMs worldwide with Express Cash. To activate Express Cash, simply call 1-800-CASH-NOW (1-800-227-4669)

Global Assist? Hotline
Wherever you travel, you have security and peace of mind 24/7 with medical, legal, financial or other emergency assistance while traveling more than 100 miles from home, including medical and legal referrals, visa/passport help, cash access, lost luggage, and more.

Travel Accident Insurance
Provides up to $100,000 in accidental death and dismemberment insurance while traveling on a common carrier (plane, train, ship, or bus) when the entire fare has been charged to the Card.

PLUS all the rewards of your particular American Express Credit Card Rewards Program!
* See terms and conditions of your actual card. Features, benefits and rewards can vary.

*   The NilsonReport, #851, February 2006
**  Brookfield Research, July 2006
*** Brookfield Research, June 2007

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HOW TO SAVE MONEY WITH YOUR AMERICAN EXPRESS? CARD
We suggest you maximize the value of your new Amex Card using the following strategy – Use your Amex Cash Back Credit Card for every single purchase possible in conjunction with the checkbook you'll use to pay your monthly bill. After every purchase using your Cash Back Credit Card, record the purchase in your checkbook as a debit. At the end of the month when the bill comes you've already allotted for the amount necessary to pay your balance because you've been debiting it's charges in your checkbook register all along. So when you pay the bill it won't hurt a bit. Some of our customers even pay their mortgages and car notes with Cash Back Credit Cards to maximize savings. If you're spending 3,000 per month you could be getting 150 of that back in your pocket. For those with a very good credit rating we recommend Blue Cash(SM) from American Express?-It pays you up to 5% Cash back on every purchase with No Annual Fee.

American Express (NYSE:AXP ) is a diversified global financial services company headquartered in the United States. The company is mainly known for its credit card and charge card business. It is also a large player in the travel services, mutual fund, brokerage, financial advisor, and insurance businesses. Company headquarters are in New York City. The current CEO is Ken Chenault, who took over in 2001. The company was led by Harvey Golub from 1993 to 2001 and prior to that it was headed by James D Robinson III from 1977 to 1993.

The company's common stock trades on the New York Stock Exchange under the ticker symbol AXP. It is one of the 30 stocks that comprise the Dow Jones Industrial Average.

American Express was founded in 1850 by Henry Wells, William Fargo, and John Butterfield as an express business. In 1882, American Express launched its money order business to compete with the US Post Office's money orders. This product quickly spread to Europe where no such financial product existed. Sometime between 1888 and 1890, J. C. Fargo took a trip to Europe and returned frustrated and infuriated. Despite the fact that he was president of American Express and that he carried with him traditional letters of credit, he found it difficult to obtain cash anywhere except in major cities. Mr. Fargo went to Marcellus Flemming Berry and asked him to create a better solution than the traditional letter of credit. Mr. Berry created the American Express Travelers Cheque which was launched in 1891 in denominations of $10, $20, $50, and $100.

The Travelers Cheque established American Express as a truly international company and in 1915 they announced the establishment of a Travel Department and soon established its first travel agencies.

During the winter of 1917 the US suffered a severe coal shortage and on December 26th President Woodrow Wilson commandeered the railroads on behalf of the US government to move US troops, their supplies, and coal. Treasury Secretary William Gibbs McAdoo was assigned the task of consolidating the railway lines for the war effort. All contracts between express companies and railroads were nullified and McAdoo proposed that all existing express companies be consolidated into a single company to serve the country's needs. This ended American Express's express business. The result was a new company called the American Railway Express company formed in July 1918. The new entity took custody of all the pooled equipment and proprety of existing express companies (the largest share of which, 40%, came from American Express who had owned 71,280 miles of railroad lines, 10,000 offices, with over 30,000 employees).

American Express executives discussed the possibility of launching a travel charge card as early as 1946, but it wasn't until Diners Club launched their own card in March 1950 that American Express began to seriously consider the possibilitiy. At the end of 1957 American Express CEO Ralph Reed decided to get into the card business, and by the launch date of October 1, 1958 public interest had become so significant that they actually issued 250,000 cards prior to the official launch date. The card was launched with an annual fee of $6, $1 higher than Diners Club, to be seen as a premium product. The first cards were paper. It wasn't till 1959 that American Express began issuing plastic cards, an industry first.

In 1966 American Express introduced the Gold Card and in 1984 the Platinum Card, clearly defining different market segments within its own business, a practice that has proliferated across a broad array of industries. The Platinum Card was billed as super-exclusive, had a $300 annual fee. It was offered by invitation only to American Express customers with at least 2 years of tenure, significant spending, and excellent payment history.

In 1999 American Express introduced the Centurion Card or "black card" catering to an even more affluent and elite customer segment. It charged a $1,000 annual fee, with a variety of exclusive benefits. Also, in 1999 the company introduced a marketing triumph, the American Express Blue Card, a popular card among the young and techno-savy with its multi-functional onboard chip.

During the 1980's American Express embarked on its dream to become a financial services supercompany. In mid-1981 it purchased Shearson Loeb Rhoades Inc the second largest securities firm in the US. In 1984 it purchased the 100-year old IDS company, bringing with it a fleet of financial advisors and investment products. Also in 1984, American Express acquired the investment banking and trading firm Lehman Brothers and added it to the Shearson family. When Harvey Golub took the reins in 1993 he negotiated the sale of the Shearson brokerage and in 1994 the sale of Lehman Brothers to part with a troubled brokerage and asset management business.

In April 1986 American Express moved its headquarters to the American Express Tower, the center of the world's most important new address, the World Financial Center. The 51-story building was an architectural triumph and noted as a significant and important addition to New York City. After the terrorist attacks of September 11, 2001. American Express had to leave its headquarters temporarily as the building was damaged during the attacks. It was located directly across the street from the World Trade Center complex. American Express tower became the backdrop to efforts in rescue, recovery, and reconstruction at the foot of Ground Zero. The company began gradually moving back into its rehabilitated building in the year of 2002.

Author: Frankford Financial ?2009

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

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Shopping for and Comparing Low Interest Credit Cards & Balance Transfer Credit Cards
Keep these tips in mind when looking for a low interest credit or charge card.
• Shop for the plan that best fits your needs.
• Make sure you understand a plan's terms before you accept the card.
• Hold on to receipts to reconcile charges when your bill arrives.
• Protect your cards and account numbers to prevent unauthorized use. Draw a line through blank spaces on charge slips so the amount can't be changed, tear up carbon copies.
• Keep a record-in a safe place separate from your cards-of your account numbers, expiration dates and the phone numbers of each issuer to report a loss quickly.
• Carry only the cards you think you'll use.

Save with low interest credit cards and understand how balance transfer cards work
Shopping around for a credit card can save you money on interest and fees. You'll want to find one with features that match your needs. This information can help you understand the features of credit cards, compare credit card features and costs, know your rights when using your credit card, file a complaint if you have a problem with your credit card. Start by asking the following questions.

How will you use your credit card?
The first step in choosing a credit card is thinking about how you will use it.

If you expect to always pay your monthly bill in full-and other features such as frequent flyer miles don't interest you-your best choice may be a card that has no annual fee and offers a longer grace period.

If you sometimes carry over a balance from month to month, you may be more interested in a card that carries a lower interest rate (stated as an annual percentage rate, or APR).

If you expect to use your card to get cash advances, you'll want to look for a card that carries a lower APR and lower fees on cash advances. Some cards charge a higher APR for cash advances than for purchases.

What are the APRs?
The annual percentage rate-APR-is the way of stating the interest rate you will pay if you carry over a balance, take out a cash advance, or transfer a balance from another card. The APR states the interest rate as a yearly rate. Watch for multiple APRs-A single credit card may have several APRs:

One APR for purchases, another for cash advances, and yet another for balance transfers. The APRs for cash advances and balance transfers often are higher than the APR for purchases (for example, 14% for purchases, 18% for cash advances, and 19% for balance transfers).

Tiered APRs. Different rates are applied to different levels of the outstanding balance (for example, 16% on balances of $1-$500 and 17% on balances above $500).

A penalty APR. The APR may increase if you are late in making payments. For example, your card agreement may say, "If your payment arrives more than ten days late two times within a six-month period, the penalty rate will apply."

An introductory APR. A different rate will apply after the introductory rate expires.

A delayed APR. A different rate will apply in the future. For example, a card may advertise that there is "no interest until next March." Look for the APR that will be in effect after March.

If you carry over a part of your balance from month to month, even a small difference in the APR can make a big difference in how much you will pay over a year.

Fixed vs. variable APR: Some credit cards are "fixed rate"-the APR doesn't change, or at least doesn't change often. Even the APR on a "fixed rate" credit card can change over time. However, the credit card company must tell you before increasing the fixed APR. Other credit cards are "variable rate"-the APR changes from time to time. The rate is usually tied to another interest rate, such as the prime rate or the Treasury bill rate. If the other rate changes, the rate on your card may change, too. Look for information on the credit card application and in the credit card agreement to see how often your card's APR may change (the agreement is like a contract-it lists the terms and conditions for using your credit card)

How long is the grace period? The grace period is the number of days you have to pay your bill in full without triggering a finance charge. For example, the credit card company may say that you have "25 days from the statement date, provided you paid your previous balance in full by the due date." The statement date is given on the bill.

The grace period usually applies only to new purchases. Most credit cards do not give a grace period for cash advances and balance transfers. Instead, interest charges start right away.

If you carried over any part of your balance from the preceding month, you may not have a grace period for new purchases. Instead, you may be charged interest as soon as you make a purchase (in addition to being charged interest on the earlier balance you have not paid off). Look on the credit card application for information about the "method of computing the balance for purchases" to see if new purchases are included or excluded. Information on methods of computing the balance is in the section "How is the finance charge calculated?"
How is the finance charge calculated?

The finance charge is the dollar amount you pay to use credit. The amount depends in part on your outstanding balance and the APR.

Credit card companies use one of several methods to calculate the outstanding balance. The method can make a big difference in the finance charge you'll pay. Your outstanding balance may be calculated:

Over one billing cycle or two, using the adjusted balance, the average daily balance, or the previous balance, and, including or excluding new purchases in the balance. Depending on the balance you carry and the timing of your purchases and payments, you'll usually have a lower finance charge with one-cycle billing and either: The average daily balance method excluding new purchases, the adjusted balance method, or the previous balance method.

Minimum finance charge-Some credit cards have a minimum finance charge. You'll be charged that minimum even if the calculated amount of your finance charge is less. For example, your finance charge may be calculated to be 35?-but if the company's minimum finance charge is $1.00, you'll pay $1.00. A minimum finance charge usually applies only when you must pay a finance charge-that is, when you carry over a balance from one billing cycle to the next.

What are the fees?

Most credit cards charge fees under certain circumstances:

Annual fee (sometimes billed monthly). Charged for having the card

Cash advance fee. Charged when you use the card for a cash advance; may be a flat fee (for example, $3.00) or a percentage of the cash advance (for example, 3%)

Balance-transfer fee. Charged when you transfer a balance from another credit card (Your credit card company may send you "checks" to pay off the other card. The balance is transferred when you use one of these checks to pay the amount due on the other card.)

Late-payment fee. Charged if your payment is received after the due date.

Over-the-credit-limit fee. Charged if you go over your credit limit.

Credit-limit-increase fee. Charged if you ask for an increase in your credit limit.

Set-up fee. Charged when a new credit card account is opened.

Return-item fee. Charged if you pay your bill by check and the check is returned for non-sufficient funds (that is, your check bounces)

Other fees. Some credit card companies charge a fee if you pay by telephone (that is, if you arrange by phone for payment to be transferred from your bank to the company) or to cover the costs of reporting to credit bureaus, reviewing your account, or providing other customer services. Read the information in your credit card agreement to see if there are other fees and charges.

What are the cash advance features?

Some credit cards let you borrow cash in addition to making purchases on credit. Most credit card companies treat these cash advances and your purchases differently. If you plan to use your card for cash advances, look for information about

Access. Most credit cards let you use an ATM to get a cash advance. Or the credit card company may send you "checks" that you can write to get the cash advance.

APR. The APR for cash advances may be higher than the APR for purchases.

Fees. The credit card company may charge a fee in addition to the interest you will pay on the amount advanced.

Limits. Some credit cards limit cash advances to a dollar amount (for example, $200 per cash advance or $500 per week) or a portion of your credit limit (for example, 75% of your available credit limit).

How payments are credited. Many credit card companies apply your payments to purchases first and then to cash advances. Read your credit card agreement to learn how your payments will be credited.

How much is the credit limit?

The credit limit is the maximum total amount-for purchases, cash advances, balance transfers, fees, and finance charges-you may charge on your credit card. If you go over this limit, you may have to pay an "over-the-credit-limit fee."

What kind of card is it?

Most credit card companies offer several kinds of cards:

Secured cards, which require a security deposit. The larger the security deposit, the higher the credit limit. Secured cards are usually offered to people who have limited credit records-people who are just starting out or who have had trouble with credit in the past.

Regular cards, which do not require a security deposit and have just a few features. Most regular cards have higher credit limits than secured cards but lower credit limits than premium cards.

Premium cards (gold, platinum, titanium), which offer higher credit limits and usually have extra features-for example, product warranties, travel insurance, or emergency services.

Does the card offer incentives and other features?

Many credit card companies offer incentives to use the card and other special features:

Rebates (money back) on the purchases you make

Frequent flier miles or phone-call minutes

Additional warranty coverage for the items you purchase

Car rental insurance

Travel accident insurance or travel-related discounts

Credit card registration, to help if your wallet or purse is lost or stolen and you need to report that all your credit cards are missing

Credit cards may also offer, for a price,

Insurance to cover the payments on your credit card balance if you become unemployed or disabled, or die. Premiums are usually due monthly, making it easy to cancel if the payments are higher than you want to pay or you decide you don't need the insurance any longer.

Insurance to cover the first $50 of charges if your card is lost or stolen. Under federal law, you are not responsible for charges over $50.

Before you sign up to pay for any of these features, think carefully about whether it will be useful for you. Don't pay for something you don't want or don't need.

Where do i find best value credit cards?
We recommend starting at our Best Credit Card Values page. You will find the Top-10 credit cards in America here with full disclosures after selecting the "Apply Here" button.

When applying you will notice complete disclosures that under federal law, all solicitations and applications for credit cards must include certain key information, in a disclosure box which displays the following information:

Annual percentage rate (APR) for purchases

2.9% until 11/1/06, after that, 14.9%

Other APRs

Cash-advance APR: 15.9%, Balance-Transfer APR: 15.9%, Penalty rate: 23.9% See explanation below.*

Variable-rate information will look something like this:

Your APR for purchase transactions may vary. The rate is determined monthly by adding 5.9% to the Prime Rate.**

Grace period for repyament of balances for purchases

25 days on average

Method of computing the balance for purchases

Average daily balance (excluding new purchases)

Annual fees None

Minimum finance charge $.50

Transaction fee for cash advances: 3% of the amount advanced, Balance-transfer fee: 3% of the amount transferred, Late-payment fee: $25, Over-the-credit-limit fee: $25

* Explanation of penalty. If your payment arrives more than ten days late two times withing a six-month period, the penalty rate will apply.**The Prime Rate used to determine your APR is the rate published in the Wall Street Journal on the 10th day of the prior month.

APR for purchases. The annual percentage rate you'll be charged if you carry over a balance from month to month. If the card has an introductory rate, you'll see both that rate and the rate that will apply after the introductory rate expires.

Other APRs. The APRs you'll be charged if you get a cash advance on your card, transfer a balance from another card, or are late in making a payment. More information about the penalty rate may be stated outside the disclosure box-for instance, in a footnote. In this example, if you make two payments that are more than ten days late within six months, the APR will increase to 23.9%.

Variable-rate information. Information about how the variable rate will be determined (if relevant). More information may be stated outside the disclosure box-for instance, in a footnote.

Grace period for repayment of balances for purchases. The number of days you'll have to pay your bill for purchases in full without triggering a finance charge.

Method of computing the balance for purchases. The method that will be used to calculate your outstanding balance if you carry over a balance and will pay a finance charge.

Annual fees. The amount you'll be charged each twelve-month period for simply having the card.

Minimum finance charge. The minimum, or fixed, finance charge that will be imposed during a billing cycle. A minimum finance charge usually applies only when a finance charge is imposed, that is, when you carry over a balance.

Transaction fee for cash advances. The charge that will be imposed each time you use the card for a cash advance.

Balance-transfer fee. The fee that will be imposed each time you transfer a balance from another card.

Late-payment fee. The fee that will be imposed when your payment is late.

Over-the-credit-limit fee. The fee that will be imposed if your charges exceed the credit limit set for your card.

What are your liability limits?

If your credit card is lost or stolen-and then is used by someone without your permission-you do not have to pay more than $50 of those charges. This protection is provided by the federal Truth in Lending Act. You do not need to buy "credit card insurance" to cover amounts over $50.

If you discover that your card is lost or stolen, report it immediately to your credit card company. Call the toll-free number listed on your monthly statement. The company will cancel the card so that new purchases cannot be made with it. The company will also send you a new card.

Make a list of your account numbers and the companies' phone numbers. Keep the list in a safe place. If your wallet or purse is lost or stolen, you'll have all the numbers in one place. Take the list of phone numbers-not the account numbers-with you when you travel, just in case a card is lost or stolen.

What can you do about billing errors?

The federal Fair Credit Billing Act covers billing errors. Examples of billing error are:

A charge for something you didn't buy, a bill for an amount different from the actual amount you charged, a charge for something that you did not accept when it was delivered, a charge for something that was not delivered according to agreemen, math errors, Payments not credited to your account, A charge by someone who does not have permission to use your credit card

If you think your credit card bill has an error, take the following steps:
1. Write to the credit card company within 60 days after the statement date on the bill with the error. Use the address for "billing inquiries" listed on the bill. Tell the company your name and account number, that you believe the bill contains an error, and why you believe it's wrong, and the date and amount of the error (the "disputed amount").

2. Pay all the other parts of the bill. You do not have to pay the "disputed amount" or any minimum payments or finance charges that apply to it.

If there is an error, you will not have to pay any finance charges on the disputed amount. Your account must be corrected.

If there is no error, the credit card company must send you an explanation and a statement of the amount you owe. The amount will include any finance charges or other charges that accumulated while you were questioning the bill.

What if the item you purchase is damaged?
The federal Fair Credit Billing Act allows you to withhold payment on any damaged or poor-quality goods or services purchased with a credit card-even if you have accepted the goods or services-as long as you have made an attempt to solve the problem with the merchant. The sale must have been for more than $50 and must have taken place in your home state or within 100 miles of your home address. You should notify the credit card company in writing and explain why you are withholding your payment. You may withhold the payment while the credit card company investigates your claim. If you pay the charges for the goods on your credit card bill before the dispute is resolved, you will lose your right to make a claim.

Choosing and Using Credit Cards
Chances are you've gotten your share of "pre-approved" credit card offers in the mail, some with low introductory rates and other perks. Many of these solicitations urge you to accept "before the offer expires." Before you accept, shop around to get the best deal.

Credit Card Terms
A credit card is a form of borrowing that often involves charges. Credit terms and conditions affect your overall cost. So it's wise to compare terms and fees before you agree to open a credit or charge card account. The following are some important terms to consider that generally must be disclosed in credit card applications or in solicitations that require no application. You also may want to ask about these terms when you're shopping for a card.

Annual Percentage Rate. The APR is a measure of the cost of credit, expressed as a yearly rate. It also must be disclosed before you become obligated on the account and on your account statements.

The card issuer also must disclose the "periodic rate"-the rate applied to your outstanding balance to figure the finance charge for each billing period.

Some credit card plans allow the issuer to change your APR when interest rates or other economic indicators-called indexes-change. Because the rate change is linked to the index's performance, these plans are called "variable rate" programs. Rate changes raise or lower the finance charge on your account. If you're considering a variable rate card, the issuer must also provide various information that discloses to you: that the rate may change; and how the rate is determined-which index is used and what additional amount, the "margin," is added to determine your new rate.

At the latest, you also must receive information, before you become obligated on the account, about any limitations on how much and how often your rate may change.

Free Period. Also called a "grace period," a free period lets you avoid finance charges by paying your balance in full before the due date. Knowing whether a card gives you a free period is especially important if you plan to pay your account in full each month. Without a free period, the card issuer may impose a finance charge from the date you use your card or from the date each transaction is posted to your account. If your card includes a free period, the issuer must mail your bill at least 14 days before the due date so you'll have enough time to pay.

Annual Fees. Most issuers charge annual membership or participation fees. They often range from $25 to $50, sometimes up to $100; "gold" or "platinum" cards often charge up to $75 and sometimes up to several hundred dollars.

Transaction Fees and Other Charges. A card may include other costs. Some issuers charge a fee if you use the card to get a cash advance, make a late payment, or exceed your credit limit. Some charge a monthly fee whether or not you use the card.

Balance Computation Method for the Finance Charge. If you don't have a free period, or if you expect to pay for purchases over time, it's important to know what method the issuer uses to calculate your finance charge. This can make a big difference in how much of a finance charge you'll pay-even if the APR and your buying patterns remain relatively constant. See page 4 for examples of how the methods can affect your costs.

Examples of balance computation methods include the following: Average Daily Balance. This is the most common calculation method. It credits your account from the day payment is received by the issuer. To figure the balance due, the issuer totals the beginning balance for each day in the billing period and subtracts any credits made to your account that day. While new purchases may or may not be added to the balance, depending on your plan, cash advances typically are included. The resulting daily balances are added for the billing cycle. The total is then divided by the number of days in the billing period to get the "average daily balance."

Adjusted Balance. This is usually the most advantageous method for card holders. Your balance is determined by subtracting payments or credits received during the current billing period from the balance at the end of the previous billing period. Purchases made during the billing period aren't included. This method gives you until the end of the billing cycle to pay a portion of your balance to avoid the interest charges on that amount. Some creditors exclude prior, unpaid finance charges from the previous balance.

Previous Balance. This is the amount you owed at the end of the previous billing period. Payments, credits and new purchases during the current billing period are not included. Some creditors also exclude unpaid finance charges.

Two-cycle Balances. Issuers sometimes use various methods to calculate your balance that make use of your last two month's account activity. Read your agreement carefully to find out if your issuer uses this approach and, if so, what specific two-cycle method is used.

If you don't understand how your balance is calculated, ask your card issuer. An explanation must also appear on your billing statements.

Other Costs and Features-Credit terms vary among issuers. When shopping for a card, think about how you plan to use it. If you expect to pay your bills in full each month, the annual fee and other charges may be more important than the periodic rate and the APR, if there is a grace period for purchases. However, if you use the cash advance feature, many cards do not permit a grace period for the amounts due-even if they have a grace period for purchases. So, it may still be wise to consider the APR and balance computation method. Also, if you plan to pay for purchases over time, the APR and the balance computation method are definitely major considerations.

You'll probably also want to consider if the credit limit is high enough, how widely the card is accepted, and the plan's services and features. For example, you may be interested in "affinity cards"-all-purpose credit cards sponsored by professional organizations, college alumni associations and some members of the travel industry. An affinity card issuer often donates a portion of the annual fees or charges to the sponsoring organization, or qualifies you for free travel or other bonuses.

Special Delinquency Rates. Some cards with low rates for on-time payments apply a very high APR if you are late a certain number of times in any specified time period. These rates sometimes exceed 20 percent. Information about delinquency rates should be disclosed to you in credit card applications or in solicitations that do not require an application.

Receiving a Credit Card. Federal law prohibits issuers from sending you a card you didn't ask for. However, an issuer can send you a renewal or substitute card without your request. Issuers also may send you an application or a solicitation, or ask you by phone if you want a card-and, if you say yes, they may send you one.

Cardholder Protections. Federal law protects your use of credit cards.

Prompt Credit for Payment. An issuer must credit your account the day payment is received. The exceptions are if the payment is not made according to the creditor's requirements, or the delay in crediting your account won't result in a charge.

To help avoid finance charges, follow the issuer's mailing instructions. Payments sent to the wrong address could delay crediting your account for up to five days. If you misplace your payment envelope, look for the payment address on your billing statement or call the issuer.

Refunds of Credit Balances. When you make a return or pay more than the total balance at present, you can keep the credit on your account or write your issuer for a refund-if it's more than a dollar. A refund must be issued within seven business days of receiving your request. If a credit stays on your account for more than six months, the issuer must make a good faith effort to send you a refund.

Errors on Your Bill. Issuers must follow rules for promptly correcting billing errors. You'll get a statement outlining these rules when you open an account and at least once a year. In fact, many issuers include a summary of these rights on your bills.

If you find a mistake on your bill, you can dispute the charge and withhold payment on that amount while the charge is being investigated. The error might be a charge for the wrong amount, for something you didn't accept, or for an item that wasn't delivered as agreed. Of course, you still have to pay any part of the bill that's not in dispute, including finance and other charges.

If you decide to dispute a charge: Write to the creditor at the address indicated on your statement for "billing inquiries." Include your name, address, account number, and a description of the error. Send your letter soon. It must reach the creditor within 60 days after the first bill containing the error was mailed to you.

The creditor must acknowledge your complaint in writing within 30 days of receipt, unless the problem has been resolved. At the latest, the dispute must be resolved within two billing cycles, but not more than 90 days.

Unauthorized Charges. If your card is used without your permission, you can be held responsible for up to $50 per card.

If you report the loss before the card is used, you can't be held responsible for any unauthorized charges. If a thief uses your card before you report it missing, the most you'll owe for unauthorized charges is $50.

To minimize your liability, report the loss as soon as possible. Some issuers have 24-hour toll-free telephone numbers to accept emergency information. It's a good idea to follow-up with a letter to the issuer-include your account number, the date you noticed your card missing, and the date you reported the loss.

Disputes about Merchandise or Services. You can dispute charges for unsatisfactory goods or services. To do so, you must: have made the purchase in your home state or within 100 miles of your current billing address. The charge must be for more than $50. (These limitations don't apply if the seller also is the card issuer or if a special business relationship exists between the seller and the card issuer.) and first make a good faith effort to resolve the dispute with the seller. No special procedures are required to do so.

If these conditions don't apply, you may want to consider filing an action in small claims court. Questions about a particular issuer should be sent to the agency with jurisdiction.

National Banks
Comptroller of the Currency
Compliance Management, Mail Stop 7-5
Washington, DC 20219

State Member Banks of the Reserve System
Consumer and Community Affairs
Federal Reserve Board
20th & C Streets, NW
Washington, DC 20551

Federal Credit Unions
National Credit Union Administration
1776 G Street, NW
Washington, DC 20456

Non-Member Federally Insured Banks
Office of Consumer Programs
Federal Deposit Insurance Corporation
550 Seventeenth Street, NW
Washington, DC 20429

Federally Insured Savings and Loans, and Federally Chartered State Banks
Consumer Affairs Program
Office of Thrift Supervision
1700 G Street, NW
Washington, DC 20552

Other Credit Card Issuers (includes retail/gasoline companies)
Consumer Response Center
Federal Trade Commission
Washington, DC 20580

Qualifying for low interest credit cards
A credit card is a great financial tool. It can be more convenient to use and carry than cash and it offers valuable consumer protections under federal law. At the same time, it's a big responsibility. If you don't use it carefully, you may owe more than you can repay, damage your credit rating and create credit problems for yourself that can be difficult to fix. Chances are your mail is full of offers from credit card issuers. How do you know if the time is right for a credit card? Here is some important information that may help you determine whether you're ready for plastic, what to look for when you select a company to do business with and how to use your credit card responsibly.

Qualifying: If you're at least 18 years old and have a regular source of income, you're well on your way to qualifying for a card. But despite the invitations from card issuers, you'll still have to demonstrate that you're a good risk before they grant you credit. The proof is in your credit record. If you've financed a car loan or other purchase, you probably have a record at a credit reporting bureau. This credit history shows how responsible you've been in paying your bills and helps the credit card issuer decide how much credit to extend. Before you submit a credit application, get a copy of your credit report to make sure it's accurate. Contact the credit bureaus listed in the telephone directory under "credit" or "credit rating and reporting." Because more than one credit bureau may have a file on you, call each until you locate all the agencies maintaining your file. The three major national credit bureaus are:

Equifax-(800) 685-1111
Experian-(888) 397-3742
Transunion-(800) 888-421

Anyone who takes action against you in response to a report supplied by a credit reporting agency-such as denying your application for credit-must give you the name, address and telephone number of the credit bureau that provided the report.

Establishiing a credit history: Suppose you haven't financed a car loan, a computer, or some other major purchase. How do you begin to establish credit? First, consider applying for a credit card issued by a local store and use it responsibly. Ask if they report to a credit bureau. If they do-and if you pay your bills on time-you'll establish a good credit history.

Second, consider a secured credit card. It requires that you open and maintain a bank account or other asset account at a financial institution as security for your line of credit. Your credit line will be a percentage of your deposit, typically from 50 to 100 percent. Application and processing fees are not uncommon for secured credit cards. In addition, secured credit cards usually carry higher interest rates than traditional nonsecured cards.

Third, consider asking someone with an established credit history-perhaps a relative-to co-sign the account if you don't qualify for credit on your own. The co-signer promises to pay your debts if you don't. You'll want to repay any debt promptly so you can build a credit history and apply for credit in the future on your own. A positive credit history is an asset, not only when you apply for a credit card, but also when you apply for a job or insurance, or when you want to finance a car or a home.

If your application gets denied: If you're turned down for a card, ask why. It may be that you haven't been at your current address or job long enough. Or that your income doesn't meet the issuer's criteria. Different credit card companies have different standards. But if you are turned down by several companies, it may indicate that you are not ready for a credit card. If you've been denied credit because of information supplied by a credit bureau, federal law requires the creditor to give you the name, address and telephone number of the bureau that supplied the information. If you contact that bureau within 60 days of receiving the denial, you are entitled to a free copy of your report. If your file contains accurate negative information, only time and good credit habits will restore your credit-worthiness. If you find an error in your report, you are entitled to have it investigated by the credit bureau and corrected at no charge. You should dispute any inaccuracy in your report with the credit bureau and also with the company that furnished the information to the credit bureau.

Credit Card Best Values: Fees, charges and benefits vary among credit card issuers. When you're choosing a credit card, shop around. Compare these important features:

Annual Percentage Rate(APR): The APR is a measure of the cost of credit, expressed as a yearly interest rate. Check out the "periodic rate," too. That's the rate the issuer applies to your outstanding balance to figure the finance charge for each billing period. For example, if you have an outstanding balance of $2,000, with 18.5% interest and a low minimum monthly payment, it would take over 11 years to pay off the debt and cost you an additional $1,934 just for interest, which almost doubles the total cost of your original purchase.

Grace Period: This is the time between the date of a purchase and the date interest starts being charged on that purchase. If your card has a standard grace period you have an opportunity to avoid finance charges by paying your current balance in full. Some issuers allow a grace period for new purchases even if you do not pay your balance in full every month. If there is no grace period, the issuer imposes a finance charge from the date you use your card or from the date each transaction is posted to your account.

Annual Fees: Many credit card issuers charge an annual fee for granting you credit, typically $15 to $55. Some issuers charge no annual fee.

Transaction Fees: Some issuers charge a fee if you use the card to get a cash advance, if you fail to make a payment on time, or if you exceed your credit limit. Some may charge a flat fee every month whether you use the card or not.

Customer Service: Many issuers have 24-hour toll-free telephone numbers and online systems.

Other benefits: Issuers may offer additional benefits, some with a cost, such as: insurance, credit card protection, discounts, rebates, and special merchandise offers.

Responsibility: Once you get a card, sign it immediately so no one else can use it. Note that the accompanying papers have important information, such as customer service telephone numbers, in case your card is lost or stolen. File this information in a safe place. Call the card issuer to activate the card. Many issuers require this step to minimize fraud and to give you additional information. Keep your account information to yourself. Never give out your credit card number or expiration date over the phone unless you know who you're dealing with. A criminal can use this information to steal money from you, or even assume your credit identity. Keep copies of sales slips and compare charges when your bill arrives. Promptly report in writing any questionable charges to the card issuer. Don't lend your card to anyone, even to a friend. Your credit privilege and history are too precious to risk.

You are responsible: While a credit card makes it easy to buy something now and pay for it later, you can lose track of how much you've spent by the time the bill arrives if you're not careful. And if you don't pay your bill in full, you'll probably have to pay finance charges on the unpaid balance. What's more, if you continue to charge while carrying an outstanding balance, your debt can snowball. Before you know it, your minimum payment is only covering the interest. If you start having trouble repaying the debt, you could tarnish your credit report. And that can have a sizable impact on your life. A negative report can make it more difficult to finance a car or home, get insurance, and even get a job.

Federal Protection: Federal law offers the following protections when you use credit cards:

Errors on your bill: You must notify the card issuer in writing within 60 days after the first bill containing the error was mailed to you. In your letter, include: your name; account number; the type, date, and amount of the error; and the reason why you believe the bill contains an error. In return, the card issuer must investigate the problem and either correct the error or explain to you why the bill is correct. This must occur within two billing cycles and not later than 90 days after the issuer receives your billing error notice. You do not have to pay the amount in question during the investigation.

Unauthorized charges: If your credit card is used without your authorization, you can be held liable for up to $50 per card. If you report the loss of a card before it is used, the card issuer cannot hold you responsible for any unauthorized charges. If a thief uses your card before you report it missing, the most you will owe for unauthorized charges is $50. You should be prompt in reporting the loss or theft of your card to limit your liability.

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

Revolving Agreement: A consumer pays in full each month or chooses to make a partial payment based on the outstanding balance. Department stores, gas and oil companies, and banks typically issue credit cards based on a revolving credit plan.

Charge Agreement: A consumer promises to pay the full balance each month, so the borrower does not have to pay interest charges. Charge cards, not credit cards, and charge accounts with local businesses often require repayment on this basis.

Installment Agreement: A consumer signs a contract to repay a fixed amount of credit in equal payments over a specific period of time. Automobiles, furniture, and major appliances often are financed this way. Personal loans usually are paid back in installments.

Credit Insurance: Is it right for you?
The next time you apply for a mortgage or personal loan, you may be asked if you want to buy credit insurance, or it might already be included in your loan proposal. Credit insurance protects the loan on the chance that you can't make your payments. Credit insurance usually is optional, which means you don't have to purchase it from the lender. In fact, the Federal Trade Commission (FTC), the nation's consumer protection agency, says it's against the law for a lender to deceptively include credit insurance (or other optional products) in your loan without your knowledge or permission.

There are four main varieties of credit insurance: Credit life insurance pays off all or some of your loan if you die. Credit disability insurance, also known as accident and health insurance, makes payments on the loan if you become ill or injured and can't work. Involuntary unemployment insurance, also known as involuntary loss of income, makes your loan payments if you lose your job due to no fault of your own, such as a layoff. Credit property insurance protects personal property used to secure the loan if destroyed by events like theft, accident or natural disasters.

Shopping Tips
Before deciding to buy credit insurance from a lender, think about your needs, your options, and the rates you're going to pay. You may decide you don't need credit insurance. If you do, credit insurance can be an expensive form of insurance. For example, it may be less expensive and more practical for you to get life insurance than credit insurance. Before deciding to buy credit insurance, you should ask:

• How much is the premium?
• Will the premium be financed as part of the loan? If so, it will increase your loan amount and you'll pay additional interest, and more for points (if points are on your loan).
• Can you pay monthly instead of financing the entire premium as part of your loan?
• How much lower would your monthly loan payment be without the credit insurance?
• Will the insurance cover the full length of your loan and the full loan amount?
• What are the limits and exclusions on payment of benefits-spell out exactly what's covered and what's not.
• Is there a waiting period before the coverage becomes effective?
• If you have a co-borrower, what coverage does he or she have and at what cost?
• Can you cancel the insurance? If so, what kind of refund is available?

Before you sign any loan papers, ask the lender whether the loan includes any charges for voluntary credit insurance. If you don't want credit insurance, tell the lender. If the lender still pressures you to buy insurance, find another lender. And review your loan papers carefully to be sure they have been drawn up correctly. Lenders can't deny you credit if you don't buy optional credit insurance-and if you don't buy it directly from them. If a lender tells you that you'll only get the loan if you buy the optional credit insurance, report the lender to your state attorney general, your state insurance commissioner or the FTC. Consumers should ask these same questions about other extra products offered with their loan, such as auto or shopping clubs, home or auto security plans, and debt cancellation products.