Credit Card Acceptance

  Credit Card Acceptance  - 7 little known Visa credit card facts to bowl you over  - Apr 8, 2007  

1. Visa stands for Visa International Service Association. The company consists of six different entities. Each segment focuses on one particular geographical area, providing offers and meeting regulations that vary from region to region.

2. There is a huge variety of credit cards suited both to the corporate and consumers. For every $100 that consumers spend, approximately $14.60 is spent with a   Visa-branded product.

3. More than 500 million Visa credit cards are currently circulating in United States. This is the nations leading electronic payment brand.

4. No credit cards are directly issued by Visa. An association of member banks provide cards to its wide customer base.

5. Visa is accepted in over 150 countries around the world. This makes it as one of the most universal credit cards available. The wide acceptance of Visa is substantiated by the fact that more than 20 million merchants accept Visa cards across the globe.

6.Security for its cardholders is the first priority for Visa. To achieve this Visa has adopted a "Continuous Monitoring" system. Unusual credit card transactions are quickly tracked and recorded. Visa also has a free helpline for identity theft.

7.The 3-digit code found on the back of the card of Visa card provides greater security. The information can be provided when making purchases. It makes sure that every transaction is authentic.

Visa is continuously evolving and adopting strict security measures to counteract the high-tech fraud. Great efforts are made to improve member benefits and provide a virtually universal card acceptance. With the wide range of credit cards issued by Visa, you are sure to find one that makes your life easy.

  Credit Card Acceptance  - 10 important questions to ask the credit card agents to find the right credit card: Part-II  - May 11, 2007  

In the first part of this series we talked about five important questions that should be asked to your credit card agent. Revising the concept we find that asking about the various APR's, fees, credit limits, credit card acceptance and additional benefits that come with the credit card definitely help. Now, let start with the other five most important questions to ask.

6. What are the reward associated with the credit card?

Get an idea of the reward program if the credit card is a reward card, and ask how the reward program will help you in your area of operation.

7. Are there any preferred partners for credit card rewards?

Clearly ask whether, there are any preferred partners for the credit card rewards. If so get a list of them and ask what will happen to reward program if money is spent at some location which is not in the preferred partners list.

8. What are the limitations to rewards?

Credit card companies hide lot of reward program related stuff in fine prints. Things such as blackout dates, travel restrictions, seat restrictions, partners restrictions, spending restrictions, reward program expiry affect reward programs very adversely. Get an idea about them.

9. What is the grace period?

Checkout with the credit card company whether they allow grace period to pay the monthly balances or not.

10. What are the things in fine prints that can affect credit card ownership?

Though credit card companies won't tell you all the details buried in fine prints but asking helps. This gives an impression that you want to know as much as possible about the credit card. An informed customer can't easily be duped.

Asking the right questions will surely get you the best deal out there.

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