Credit Card Interest Rates

Friday, August 27th, 2010

Big Changes Coming to Your Credit and Debit Cards

Tags: consumer protection, credit card fees, credit card interest rates, credit card law, inactivity fees, minimum monthly payments, penalty fees, videos

Big changes are coming to your debit and credit cards this month. For the most part, these changes are aimed to protect consumers from unreasonable fees.

Penalty fees are now capped at $25, while late fees cannot exceed the minimum payment amount. Banks can no longer charge inactivity fees and are required to re-evaluate interest rate increases every six months.

(Via YouTube.com)

Accept card payments quickly and safely

Accept online payments via credit and debit cards and electronic checks at the lowest processing costs. You will get:

Free merchant account and Authorize.Net gateway set-up.
No monthly merchant account or gateway fees.

Article has No Comments »

Thursday, August 26th, 2010

The New Credit Card Rules Explained

Tags: consumer protection, credit card fees, credit card interest rates, credit card rules, gift cards, over-the-limit fees, videos

A lengthy discussion on the credit card rules that were enacted this past Sunday. This latest set of rules was the latest batch of provisions of the CARD Act of 2009.

The panel features Adam Levin, chairman and co-founder of Credit.com and other experts who talk about how rules on over-the-limit fees, gift cards and interest rates have changed.

(Via YouTube.com)

Accept card payments quickly and safely

Accept credit and debit card payments at the lowest processing costs. You will get:

Free merchant account set-up.
No fixed monthly fees.
24 / 7 customer support.

Article has No Comments »

Thursday, August 26th, 2010

Credit Card Interest Rates Continue to Rise

Tags: college student credit, consumer protection, credit card interest rates, credit card law, videos

At a time when interest rates are dropping across the board, credit card rates are hitting new highs.

The research firm Synovate says the average rate on existing credit cards is nearly 15 percent, up from 13 percent in 2009 and it is at its highest level since 2001. By comparison, the rate for a 30-year fixed mortgage is 4.52 percent, down from 5.52 percent a year ago.

(Via YouTube.com)

Accept card payments quickly and safely

Accept online payments via credit and debit cards and electronic checks at the lowest processing costs. You will get:

Free merchant account and Authorize.Net gateway set-up.
No monthly merchant account or gateway fees.

Article has No Comments »

Wednesday, August 25th, 2010

New Credit Card Rules Put Caps on Late Fees

Tags: consumer protection, credit card fees, credit card interest rates, inactivity fees, videos

A batch of new rules that went into effect on Sunday will protect consumers against unfair credit card practices.

These protections include provisions for more proportional penalty fees and the elimination of card inactivity fees. Late payment fees, for example, are now limited to $25.

(Via YouTube.com)

Accept card payments quickly and safely

Accept credit and debit card payments at the lowest processing costs. You will get:

Free merchant account set-up.
No fixed monthly fees.
24 / 7 customer support.

Article has No Comments »

Tuesday, August 24th, 2010

Credit CARD Act Takes Full Effect

Tags: college student credit, consumer protection, credit card interest rates, credit card law, inactivity fees, videos

The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 is now in full effect, but will it work?

This video analyzes coverage of the issue by CNN, the Washington Post, the Miami Herald and KIFI.

(Via YouTube.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
E-Book – Payment Card Acceptance Guide (19 pages).

Article has No Comments »