Credit Information


Borrowing on a Credit Card


One of the easiest ways to borrow money of a financial institute is to use a Credit Card, available from all banks, building societies, and other financial organisations. The choices available are enormous, with a wide variety of interest charges, annual charges, loyalty schemes, and bonus points available. However there are two broad areas that you should look at:

Annual Interest Rate

Firstly if you do not intend to pay off your Credit Card bill at the end of each month, then you should look at the Annual Interest Rate (APR), this rate is typically between 13-17% at the moment, and you should be looking for a card that offers as low an interest rate as possible. You should also bear in mind that you are charged much higher rates of interest than other forms of borrowing money, so if you do not intend to pay of your bills for a long period of time, then you should seriously consider a different form of loan that is less expensive.

Extra Benefits

On the other hand if you do intend to pay off you credit card bill at the end of each month, then you should be more interested in the loyalty schemes that are on offer. These vary from being awarded points every time you purchase something (these points can than me used to purchased gifts or air miles etc), to simply being given 'Cashback' on everything you buy (typically 0.5%-1% of your purchase). You should also look at the level of service that your card company offers. They are obliged under law to offer certain protection to the consumer, but often they will increase this protection with other guarantees. Some offer extended warranties on electrical goods, extra travel insurance when you are on holiday, accidental damage insurance for any goods you buy, and even free commission on cash withdrawals when abroad.

Also some companies charge an annual fee for using their card (especially business credit card accounts), so these fees should be weighed up against the cards benefits.

Even if you usually do pay off your credit card bills at the end of each month, when you open a account you may be offered 6 months interest free credit. This is often an excellent way of saving money as you are basically given an interest free loan for 6 months. It is even more useful if you are allowed to transfer some credit card debt from a different company into the interest free offer. However there is a danger of becoming trapped in a bad debit cycle here, transferring your debt from card to card until it is completely unmanageable. The best advice is to make sure you always have enough money in the bank, or in a savings account, to pay off your debt when you are taking advantage of the interest free credit period. That way you benefit from earning interest on your savings in your bank, but as soon as the interest free credit period has expired, you can pay the entire bill off without being stung for high interest charges.

So to summarize

If you are not paying off your monthly credit card bills, look for a card that offers a low interest rate

If you are paying off your monthly credit card bills, looking for additional card benefits

Interest free credit periods are good news for saving money, but beware of being caught in a debt spiral

Credit Cards are an expensive way of obtaining a loan or borrowing money, and you should investigate other cheaper forms if you intend to borrow money in the medium to long term.

Alastair Taylor runs a website that tries to give the consumer the truth about how to save money on Financial matters as well as home improvement. Visit Whatprice to saves yourself time and money.


MORE RESOURCES:
Robert J. Samuelson | Will the global credit boom go bust?  Santa Cruz Sentinel

We are in the midst of a worldwide credit boom that may be without precedent. The debt explosion suggests that the global economy — all the national ...


Data breach hits Tampa Bay Federal Credit Union members  FOX 13 News, Tampa Bay

Some Bay Area debit card holders are frustrated after more than 3000 members at Tampa Bay Federal Credit Union were impacted by a data breach. The credit ...


How was your credit card account hacked? You'll probably never know  NJ.com

One couple's quest to learn why their credit card was compromised nine times in seven years.


Banks, credit unions offer help to furloughed federal workers  WPRI 12 Eyewitness News

SMITHFIELD, R.I. (WPRI) — As the government shutdown persists, banks and credit unions are offering assistance to the 800,000 federal employees who are ...


Jewelry Retailer Accused of Opening Fake Store Credit-Card Accounts  Wall Street Journal

Signet Jewelers agreed to pay $11 million in penalties to regulators for allegedly opening credit-card accounts without customer consent at retail stores it ...


How Do Corporate Credit Cards Work?  U.S. News & World Report

Large, established companies may provide corporate credit cards to employees to charge authorized expenses rather than pay out of pocket.


9 Tax Credits You Need to Know  Motley Fool

Here are the must-know details behind nine of the most popular tax credits available in the United States.


Grocery store offers credit to federal workers who need a boost  WSAZ-TV

The Warfield IGA is offering $150 per week in credit to people who are feeling the effects of the shutdown.


IACPM: Credit managers see dismal 12 months ahead  Pensions & Investments

Credit portfolio managers foresee an unpleasant 12 months ahead as nearly three-quarters of those surveyed think credit defaults will rise.


All the Tax Credits You Can Take for 2018  Lifehacker

Can you smell it in the air? It's tax season, and we're all trying to get the biggest refund possible. That means taking advantage of tax deductions and credits to ...


Credit union supports furloughed workers  The County

Acadia Federal Credit Union wanted a way to offer assistance to Maine's furloughed workers affected by the U.S. government shutdown that has halted steady ...


Man stole credit cards at Plaza Frontenac Cinema, used them at Walmart  STLtoday.com

ST. LOUIS • A man pleaded guilty in federal court Wednesday to conspiring to steal credit cards at Plaza Frontenac Cinema and using them to purchase ...


New tricks for raising your credit score are on their way  CNBC

Two new programs will consider how prospective borrowers manage their cash. Riskier borrowers could see their credit scores rise as a result. Credit card ...


Mutual Security Credit Union names new president  CTPost

Though it's only been two weeks since his promotion, Henry Baum is looking to take Mutual Security Credit Union into the future of banking as its new president.


UK demand for credit cards and mortgages is collapsing as Brits brace themselves for the shock of Brexit  Business Insider

The UK housing market has slowed to its lowest level in nearly a decade as Brexit fears freeze demand for mortgages and credit cards.


Prattville police seek credit card thieves  Montgomery Advertiser

Card had been stolen from vehicle moments before its use in Millbrook.


Action 9 investigates new credit score hurdle for some home buyers, renters  WFTV Orlando

Action 9 investigates how credit scores are now used by a condominium board to make renting or even buying a unit almost impossible.


Carrizo Plains solar farm’s credit rating drops to ‘junk’ as PG&E bankruptcy looms  The Tribune

S&P Global downgraded the credit rating for Topaz Solar Farm in Carrizo Plains, California, due to PG&E bankruptcy rumors. The SLO County solar farm's ...


Chip Ganassi Racing reveals Kyle Larson’s No. 42 Credit One Bank paint scheme  NASCAR

Kyle Larson has a slightly new look on his No. 42 Credit One Bank Chevrolet Camaro ZL1 for the 2019 Monster Energy NASCAR Cup Series season.


Police Seek To ID Suspected Tulsa Credit Card Thieves  News On 6

Police say they are trying to find two people that officers say may be connected to a Tulsa stolen debit card case.


Could strategic mergers hasten credit union consolidation?  Credit Union Journal

As the number of credit unions nationwide continues to shrink, strategic mergers among mid-size and large institutions could become increasingly common.


How to score cash, perks in the new credit card rewards loyalty game  Bankrate.com

A sweet sign-on bonus offering cash-back, free travel or rewards points is one of the most compelling methods credit card issuers use to entice new customers.


Former Arts Council CEO accused of misusing credit cards  KBTX

COLLEGE STATION, Tex. (KBTX)- The Arts Council of the Brazos Valley says its former CEO misused credit cards, and the organization has turned over its ...


Oregon Rep. Blumenauer makes move for permanent short-line railroad tax credit  Logistics Management

Last week, Rep. Earl Earl Blumenauer (D-Ore.) made another push, in the form of new legislation, to make a short-line railroad tax credit permanent.


Fitch says PG&E's bankruptcy will not hurt California's credit rating  Yahoo Finance

Fitch Ratings said on Thursday power company PG&E Corp's planned bankruptcy will not at this point hurt the credit quality of California. The credit ratings ...


Credit card skimming device found at gas station in Henry County  11Alive.com WXIA

MCDONOUGH, Ga. — A Valero gas station in McDonough was targeted by credit card skimmers and Henry County Police are asking anyone who might have ...


Credit Card Skimmer Found in McKinney Gas Pump  NBC 5 Dallas-Fort Worth

Investigators discovered a sophisticated credit card skimming device from a gas pump at a McKinney Valero this week. The skimmer -- which is able to capture ...


Best Credit Card for Travelers? Probably Not One From an Airline  The New York Times

You've heard the pitch on your flights: Apply for an airline's credit card and get perks like waived bag fees, priority boarding and miles for every dollar you spend.


Police search for suspect after robbery at Bristol, VA credit union  WJHL-TV News Channel 11

As seen on WJHL News Channel 11 at Noon - Police in Bristol, VA are searching for a suspect after a robbery at United Southeast Credit Union, located at 2035 ...


2 New Ways To Raise Your Credit Score  Forbes

By Michelle Black, Next Avenue Contributor. Getty. You're probably well aware that your credit score can have a big influence on your financial well-being, ...


'Photograph 51' asks: Did DNA pioneer Rosalind Franklin get the credit she deserves?  Milwaukee Journal Sentinel

Renaissance Theaterworks performs "Photograph 51," which explores the life of pioneering DNA researcher Rosalind Franklin.


Colony Credit Real Estate Announces Monthly Dividend for Common Stockholders  Business Wire

Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real Estate” or the “Company”) today announced that the Company's Board of Directors has.


Northwest-area credit unions deliver $7.8B in economic impact: Study  Credit Union Journal

Credit unions in the northwest delivered an impact of $7.8 billion to their local economies last year, according to a report released Tuesday. The study ...


Trial set for 'AK 47 Bandit' suspected of robbing local credit union  East Idaho News

IDAHO FALLS — A federal court trial for the Montana man dubbed by authorities as the “AK-47 Bandit” has been set in Lincoln, Nebraska. At a Tuesday court ...


Woman reports $7,000 charged from stolen credit card: Rocky River Police Blotter  cleveland.com

ROCKY RIVER, Ohio -- Theft, Detroit Road: On Jan. 10, a woman reported that her wallet had been stolen while she was shopping at Whole Foods the day ...


A+ Federal Credit Union launches search for next CEO  Credit Union Journal

Kerry Parker, the Austin, Texas-based credit union's current CEO, expects to retire around midyear.


Search is on for 2 credit card fraud suspects in Eaton County  WLNS

The two are suspected of using a stolen credit card at retail stores in Eaton County.


Fortnite flaw could allow hackers to access credit card information, listen to conversations: security report  PennLive

Fortnite's Battle Royale video game is displayed on an Apple iPhone; a major bug in Fortnite gave hackers access to millions of player accounts. Bloomberg ...


Federal court reaffirms 80/20 rule for determining server pay  Restaurant Business Online

Restaurants would not be allowed to count servers' tips toward the minimum wage after 2026 if a bill introduced into the U.S. Senate and House of ...


Prodisee Pantry, Tyndall Federal Credit latest groups to help families impacted by shutdown  WKRG News 5

As the Coast Guard and other federal employees go yet another day without a paycheck, more companies on the Eastern Shore look for ways to help.


How to Prevent Your Credit Card Issuer From Canceling Your Card  Lifehacker

If you've had credit card debt in the past, or you have an older card you don't really use anymore, you've probably read the advice that you shouldn't actually ...


Global ID Card& Credit Card Printers Market 2018: ZEBRA, MAGiCARD, Evolis, IDP, Nisca, Datacard, Matica, NBS, Swiftcolor  Industry News Today

This report focuses on the global ID Card& Credit Card Printers market status, future forecast, growth opportunity, shares and key players. The study objectives ...


Man uses stolen credit card to buy $3K piece of pool equipment, police say  KPRC Click2Houston

Harris County Sheriff's Office investigators are looking for a man who may be part of a “ring of thieves” targeting small businesses in the greater Houston area.


Former Arts Council CEO accused of misusing credit card  Bryan-College Station Eagle

Editor's note: This story has been updated from an earlier version to include comments from Sylvia McMullen.


More than 30000 students apply for Empower Illinois tax credit scholarships  WREX-TV

ROCKFORD (WREX) – A day after launching, tens of thousands of Illinois students are vying for private school scholarships. Part one of the application for the ...


Deputies: Woman turns self in after ordering items using customers' credit cards  WNCT

A woman turned herself in Monday after deputies said she was ordering items for herself using customers' credit cards.


AM Best Downgrades Credit Ratings of Crusader Insurance Company  Business Wire

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to.


Can Trump claim credit for $26 billion in savings on prescription drugs?  The Washington Post

“Drug prices declined in 2018, the first time in nearly half a century. During the first 19 months of my Administration, Americans saved $26 Billion on prescription ...


Executive Spotlight: Pelican State Credit Union Vice President Michelle Ford  Greater Baton Rouge Business Report

In October, Michelle Ford was promoted to vice president of human resources. She's been with Pelican State Credit Union for 13 years, and most recently served ...


Former UB student sentenced for credit card fraud scheme  WIVB.com - News 4

BUFFALO, NY (WIVB) A former University at Buffalo student could have been sent to jail for up to four years, but was sentenced on Tuesday five years ...


6-billion-peso credit package announced for small business owners  Mexico News Daily

President López Obrador has announced a microfinance program of interest-free, one-year loans for small business owners.


Ent Credit Union plans new headquarters in north Colorado Springs  Colorado Springs Gazette

Ent Credit Union announced Tuesday that it plans to start building a 300000-square-foot headquarters this summer near InterQuest Parkway and Interstate 25, ...


Funeral director says thieves stole credit cards and charged $100K  KTUL

A well-known funeral director is sharing his personal story of how someone broke into his vehicle and stole his old credit cards. Jimmy Spurlock of Integrity ...


VERIFY: Navy Federal Credit Union providing funding to furloughed members during shutdown?  FirstCoastNews.com WTLV-WJXX

There has been no shortage of rumors during the partial government shutdown... and now a new meme is making the rounds, promising financial help for ...


Aurora police seek suspect they say used stolen credit cards  Chicago Daily Herald

Aurora Police are seeking the public's help in identifying a man they say used stolen credit cards.


You Need To Know This About Credit Unions  Forbes

Dan Berger, president and CEO of the National Association of Federally-Insured Credit Unions, explains the advantages of a financial institution you may know ...


Aireon Signs $200 Million Credit Facility with Deutsche Bank  Via Satellite

Aireon revealed that it signed a credit facility agreement for $200 million with a group of several independent investor funds, led by Deutsche Bank. This credit ...


Man Wanted for Racking Up $3000 on CFD Volunteer's Credit Cards  Kgab

The Laramie County Sheriff's Office is asking for the public's help in finding 43-year-old James Meldrum.​. "He's wanted on a credit card fraud warrant," said Lt.


First Citizens' Federal Credit Union announces First Citizens' Charitable Foundation  Taunton Daily Gazette

FAIRHAVEN – First Citizens' Federal Credit Union's commitment to the communities in Southeastern Massachusetts and Cape Cod has spanned over eight ...


Roger Federer pays credit to Dan Evans after Australian Open victory: 'It feels like playing a mirror'  The Telegraph

Dan Evans received the ultimate compliment from Roger Federer – “It feels like playing a mirror a little bit” – after giving the great man a stern examination in ...


Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Ex-Dividend Date Scheduled for January 18, 2019  Nasdaq

Ares Dynamic Credit Allocation Fund, Inc. ( ARDC ) will begin trading ex-dividend on January 18, 2019. A cash dividend payment of $0.108 per share is.


Police request public's help identifying credit card theft suspect  WNDU-TV

THREE OAKS, Mich. (WNDU) – The Three Oaks Police Department is asking for the public's help identifying a woman they say stole credit cards from vehicles.


The Artificial Intelligence Gap Between Megabanks, Community Banks And Credit Unions  Forbes

There is a growing gap in AI investment and utilization between large and small banks which will enable the larger ones to garner even more market share away ...


A professor explains why he doesn't offer extra credit to his students (opinion)  Inside Higher Ed

I don't offer students extra credit. I say that in the syllabus and in my online course orientation. As a writing instructor, I typically have 700-plus essays to evaluate ...


Universal Credit couple living in car for 8 weeks in cold fear they could DIE as it could take TWO YEARS to  The Sun

A DESPERATE couple who have been forced to live in their Mercedes say their situation is so dire that they could be dead before they get housed. Tina and ...


Movies filmed in Massachusetts that received big tax credits  Boston.com

Anecdotally, it seems like some sort of film production pops up almost every week in Massachusetts. Statistically, it's likely even more frequent than that.


Consumer worries his 850 credit score will fall if the Sears credit card closes: Money Matters  cleveland.com

Two-thirds of your credit score is made up of your payment history (do you have any late payments) and the amount of debt you have, particularly in relation to ...


Year of Free Credit Report Monitoring Is Ending. Here’s What to Do Now.  The New York Times

The free *service* started after Equifax's huge breach in 2017. Consumer advocates suggest placing a security freeze — not a lock — on credit files.


Lots of plans to boost tax credits: which is best?  Brookings Institution

Recent tax credit proposals to help low- and middle-income families, such as Senator Kamala Harris' LIFT the Middle Class Act, are being hotly debated.


Northwest Community Credit Union; 'We just want to help the people in our communities'  KVAL

EUGENE, OR, - Northwest Community Credit Union is offering special plans and benefits for those affected by the partial government shutdown. The partial ...


Universal credit rollout delayed for existing claimants in NI until 2020  BBC News

Plans to move existing benefits claimants from the old system to universal credit have been postponed in NI for at least six months. Stormont officials have ...


Police need help identifying woman wanted for credit card theft  ABC 57 News

THREE OAKS, Mich.—The Three Oaks Police Department is asking for the public's help in identifying a woman under investigation for credit card theft.


5 Credit Card Trends To Watch In 2019  Forbes

Some credit card experts say 2019 might usher in a more austere period for credit card rewards, especially if interest rates continue to rise and the economy ...


Credit Suisse sees Target as underappreciated  Seeking Alpha

Credit Suisse asks where the love is for Target ([[TGT]] -1.1%) after the retailer posted strong holiday sales last week. "We come away constructive on wha.


Tomi Lahren wants people to give Trump credit' for eating fast food even though he’s rich  Yahoo Entertainment

On Wednesday's Fox & Friends, contributor and conservative commentator Tomi Lahren made a case for why President Trump should get more praise for the ...


Credit card skimmer found at Birch Run gas station  Detroit Free Press

Birch Run police are warning that they've discovered credit card skimmers on pumps 1 and 2 and the Birch Run 7-Eleven.


Chicopee police looking to identify man regarding credit card larceny  WWLP.com

Chicopee police are looking to identify a man regarding a recent credit card larceny.


Government shutdown could hurt federal workers' credit scores  CBS News

Federal workers are scrimping to avoid being dinged by lenders for missing payments and damaging their credit scores.


Bad loans decline through co-op deal a credit positive, Moody's says  Cyprus Mail

Moody's rating agency said the decline of non-performing exposures (NPEs) by €5.6bn, or 33.6 per cent, stemming from the resolution of the co-operative bank ...


Ent Credit Union to build new headquarters, applications processed for Victory Ridge  KOAA 5

COLORADO SPRINGS – Huge growth is happening in northern Colorado Springs. On Tuesday, Ent Credit Union announced a new location for its headquarters ...


BREAKING: New Credit Card Payment Policy for Disney World Resort...  wdwnt.com

Beginning on February 27th, 2019, the Walt Disney World Resort hotels will implement a new payment card policy for guests who wish to put a payment card on ...


Settlement would allow credit card surcharges  Newsday

Merchants in New York State will be cleared to add credit card surcharges to the price of goods after a long-running court case reached a tentative settlement ...


Brex, the credit card strictly for startups, raises $125M in funding  Yahoo Finance

Twenty-three-year-old Brex founder, Henrique Deburgras, talks to Yahoo Finance's Zack Guzman about his Peter Thiel-backed credit card company.


5 reasons I signed up for a Delta credit card even though the SkyMiles program no longer publishes an award chart  Business Insider

Consider opening the Gold Delta SkyMiles Credit Card from American Express if you can score a huge sign-up bonus like I did.


Can You Pay Your Taxes on a Credit Card?  The Motley Fool

Paying your taxes with a credit card is possible, but it requires some extra steps, several fees and shouldn't be done just to reap credit card rewards. Using a ...


Boulder police searching for suspects in credit card theft tied to possible assault  Boulder Daily Camera

Boulder police are searching for two suspects in the theft of credit cards from a woman who may have been the victim of an assault.


Rutland police credit falling crime rate with improved drug treatment  WCAX

The City of Rutland has made national headlines over the years for its problems with drug addiction, which often goes hand-in-hand with crime. But a new report ...


Fitch warns an extended shutdown could hurt the U.S. credit rating  The Washington Post

As the partial U.S. government shutdown dragged into its 19th day, Fitch Ratings warned Wednesday that an extended shutdown might damage the country's ...


Answering these three questions will boost your credit  Yahoo Finance

To get your credit in shape, you have to be able to answer these three simple credit questions.


US troops in Syria killed in explosion; Islamic State claims credit  The Columbus Dispatch

BEIRUT (AP) — A number of U.S. troops were killed in an explosion while conducting a routine patrol in Syria on Wednesday, the U.S. military said, an attack ...


Mason City woman sentenced for stealing mom's credit card  KIMT 3

MASON CITY, Iowa – Charging thousands on her mother's credit card results in probation for a North Iowa woman. Marissa Castine Nichols, 32 of Mason City, ...


The 5 Cheapest Ways To Pay Off Credit Card Debt Fast  Forbes

Of course, the faster you pay off credit card debt with as little cost as possible the better. But which method is the fastest? Which is the cheapest, and can you get ...


Southwest Airlines new credit card sign-up bonus raises the bar on perks  Bankrate.com

Southwest Airlines announced an eye-popping new sign-up bonus for three of their co-branded Chase credit cards that includes 30000 Southwest points and ...


Consumer credit has second straight big jump in November  MarketWatch

Consumer credit grew $22.1 billion in November, marking the second straight month of strong credit growth, the Federal Reserve said Tuesday.


Quick Tip: Erasing credit card debt  WLS-TV

Nearly 2/3 of Americans may never know if or when they will be debt-free, according to a new study from creditcards.com. There are a few things to tackle debt.


A Charleston artist's work went viral, but she's not getting the credit  Charleston Post Courier

Cathy Aycock says she has had both the best and worst week of her life.


Check these five things before applying for your first credit card  Mic

Paying with plastic might be a popular—and seemingly easy—option for many, but there's a lot to consider before you start spending your hard-earned money ...


Youngstown police look for suspected credit card thief in Cleveland  WJW FOX 8 News Cleveland

YOUNGSTOWN, Ohio-- A man who stole several credit cards could be in Cleveland, the Youngstown Police Department says. The suspect entered a downtown ...


You Should Freeze Your Child’s Credit. It’s Not Hard. Here’s How.  The New York Times

A new law requiring credit bureaus to offer you free freezes applies to children, too. It's easier than you'd expect, but you may still have questions. Here are some ...


Vote for 321preps.com Community Credit Union Athlete of the Week, Dec. 17-Jan. 12  Florida Today

It's time to vote for the Community Credit Union FLORIDA TODAY Athlete of the Week for Dec. 17-Jan. 12. Vote at 321preps.com or floridatoday.com. You will ...


home | site map
© 2007