Credit Card Education

Credit card terms and conditions affect your overall cost. So it’s wise to compare terms and fees before you agree to open a charge or credit card account. We explore the following terms in detail: Annual percentage rate; Free period; Annual fees; Transaction fees and other charges; Balance computation method; Average daily balance; Adjusted balance; Previous balance; and Two-cycle balances.

Many people find it easy and convenient to use a credit card and ATM card. The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures for you and businesses to use if you are the victim of a credit card theft.

To calculate the interest on your card, the lender multiplies the card's interest rate (APR) times your credit card balance. This will give the interest for the entire year. The lender will divide this interest calculated by the number of months in the year, or 12. The sticky part is calculating the credit card balance. 3 methods: average daily balance; previous balance; adjusted balance method.

Many people find it easy and convenient to use a credit card and ATM card. The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures for you and businesses to use if you are the victim of a credit card theft. We give you 5 important steps to take. Also, we offer 11 tips for keeping your credit and ATM cards secure.

Be smart - don't let anyone pull a fast one. Check to see you've been given back your card once you've paid for what you bought. When you accept your credit card make sure it’s the one you gave them. We teach you 6 simple ways to protect your credit information from identity thieves. Become an empowered consumer.