Chase Continental Presidents Club Credit Card

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There is no doubt about how important to people the credit card has become over recent years. Saving can be difficult to do but we are all happy to have debts and the credit card does enable us to have things when we want them and quite often when we need them.

When you think about it, there aren’t that many credit cards that are household names but the Chase credit card is one of them. As with other well know credit cards like Visa and MasterCard, it can be used wherever you are in the world making it a truly global credit card. But it doesn’t stop there as the company responsible for the Chase credit card also has other service cards to help with travel, vehicles, gas and a special one for students. So the Chase credit card has many uses and is a reliable companion for you everywhere you go. For many people that work long hours, the internet is often the only way they can do any personal shopping. Aside from making it easy for the customer to maintain their account online, Chase credit card lets you check your balance and pay your bills through a secure web site.

For some people, the ease with which they can go online to manage their account is the only excuse they need to own a Chase credit card. No membership fees, low APR’s and special deals make for an attractive credit card package.

Reward programs to thank the Chase user are quite normal with all the various Chase credit cards. I suppose it is up to you which type of card you decide upon as they are designed to suit different types of people. Once you have accumulated enough points you can cash them in as it were, for anything that is shown in the catalogue. There is bound to be a reward just for you including trips if that is what you like. Chase credit cards know that if they look after their customers they won’t lose them; a philosophy that many companies could learn from. Ok so the gifts are great but how many companies will give you excellent customer support twenty four hours a day? This service comes into its own if there is a case of a lost or believed stolen credit card, when you need a replacement, fast!

If you are thinking about transferring your balance then this is the way to do it with a guaranteed six month zero percent interest rate which also incorporates current purchase balances as well. If you pay your bill in its entirety each month then you will not have to pay any interim interest. Apart from the catalogue gifts, Chase will also give cash rewards to holders that purchase goods with the card. Many people are put off of transferring balance because there is usually a fee but Chase has waived this charge and it can even be done securely on their web site.

How to avoid paying too much in Credit Card Processing Fees

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I’m sure as a business owner you have enough to do without having to figure out how Credit Card Interchange Fees work. The good new is it’s not that complicated. There are hundreds of different interchange fees, what is important is to understand that interchange is essentially the wholesale rate that banks charge each other in order to process a credit card or debit card transaction. It is the cost of doing business, usually around two percent of the transaction amount.

Although the card companies set interchange rates there are things you can do to help avoid paying too much.

Review Your Charges Annually

At least twice a year (generally every April and October), Visa and MasterCard re-assess their processes, regulations and fees then announce rate changes and new fees. Many times your existing provider will layer on additional rate increases above the Interchange adjustments. Call another provider, fax in your merchant statement and have your account analyzed to “catch” these hidden rate increases.

Use an Interchange Pass Through Program

In order to pay the lowest fees when processing credit cards, a merchant’s goal is to pay as close to interchange as possible. A merchant account that uses an Interchange Pass Through pricing method applies processing fees by adding a small percentage to the actual Interchange Rate for every transaction and all dues and assessments are passed through directly at cost. This ensures that you only pay the true interchange rate in addition to a small mark-up that goes to their merchant service provider. Many times your existing provider will layer on additional rate increases above the Interchange adjustments. Call another provider, fax in your merchant statement and have your account analyzed to “catch” these hidden rate increases.

Avoid Downgrades Whenever Possible

A downgrade occurs when a transaction falls to a higher rate then what your business may qualify for. Whenever possible swipe the card at the point of sale device in order to reduce fraud and qualify for your lowest rate. For those of you that own some sort of on-site service or repair business, invest in either a wireless credit card processing terminal or look at some of the newer solutions such as RoamPay or PayWare mobile which allow you to use your mobile phone as a point of sale device.

Obtain the Correct Billing Information

In order to avoid downgrades for Card Not Present Transactions always obtain the correct billing information for the card being used. Credit Card Companies use an Address Verification Service (AVS) for Domestic Cards to determine if the billing information you enter matches the Card you are keying in. Always collect the Billing Address of the Card including the Postal Code as well as the Card Verification Code. The Card Code is the 3 Digit Number at the end of the Signature Panel on the back of the card for Visa, MasterCard and Discover. For American Express it is the 4 digit number on the front right hand side of the card above the last 5 digits of the card number.

Make Sure your Point of Sale Device is Programmed Properly

If your Point of Sale Device is not prompting you for Billing Address information as well as the Card Code, contact your Merchant Service Provider right away to get your device updated in order to pass that information to the Credit Card Companies. Another way transactions can downgrade is if you do not Settle or Batch your transactions within 24 Hours of obtaining an Authorization. Virtually all point of sale devices have the ability to Auto-Settle or Auto-Close at a specified time on a daily basis. If your device does not have that option enabled, contact your Merchant Service Provider right away to get your program updated.

Train Your Staff

If you are not the person directly responsible for processing credit cards at your company it is important that you properly train your staff to avoid downgrades. Routinely observe your cashiers, monitor transactions and carefully review your month end processing statements.

Free Movie Downloading from the Internet

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How often have you been disappointed because you were not able to download the movies you wanted from the internet. Most of the websites these days require a credit card and then it becomes really difficult to download movies for free from the internet. But, now it is time to put all this behind, let it rot in the history books, because Gingle is here!

Gingle is by far, the best free movie download site of the recent times. Its really simple to use, has the biggest collection with different types of quality. Besides downloading the movies, you can also stream them. So, you can also watch the movies online without downloading!

Just visit Gingle – www.gingle.in/movies.php and unfurl the download monster inside you!

Wireless Credit Card Terminal – A Perfect Example Of High Technology That Has Changed The Method Of

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We are living in a highly developed society that is completely based on high-end technology and in every field we can experience the contribution made by the latest technology. It has made our life simple, easier and convenient in various aspects and we have experienced the major transformation it has made in our life. One of the best results of this technological development is the credit card that is used for payment of almost every transaction we make. A credit card payment system is much safer and easier than the traditional method of cash payment. Credit card and wireless credit card terminals have changed the method of online and offline shopping.

A credit card swipe terminal is essential for a shopkeeper, who wants to accept credit cards in their shops. Traditionally this terminal has a magnetic strip reader, a display and a keypad. Sometimes a printer is also attached. The latest version of the credit card terminal is a wireless credit card terminal, which is most suitable for restaurants and cab firms. Wireless credit card terminals allow a person to process credit cards electronically anywhere and it allows business to process transactions from mobile locations efficiently and quickly. This terminal is mostly used by businesses that mainly operate in a mobile environment. For mobile business it is the easiest way to conduct transactions for their business.

The working process of the wireless credit card terminal is same as the traditional credit card machine, except that the transaction in the wireless terminal occurs over wireless networks instead of phone lines. The wireless credit card terminal is the most advanced processing terminal and it still incorporates time tested technology to ensure their durability and reliability. Presently some terminals operate on GPRS wireless network giving complete advantage in wireless availability over any other wireless terminals. These terminals are the most cost effective method for wireless credit card processing.

Wireless terminals do not have any wires connected to them hence it can be moved to any place and this is the biggest advantage with the wireless credit card terminal. Moreover these terminals are small, lightweight, portable, and hence it could be easily carried inside a pocket to any place. It can accept the card virtually at any place. These terminals do not require any separate phone lines. Wireless technology is quite safe and secured and it also reduces the chance of fraud or stolen cards. It also eliminates the involvement of hard cash in the transaction thus reducing the chance of error in calculation.

Use cards sensibly to improve credit score

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The average Indian shopper today is likely to have at least two credit cards in his wallet. In fact this number has been on the rise with banks and credit card companies sending free lifetime credit cards with -attractive features’ to anyone who they think fits the bill. These cards sometimes come as a -surprise gift’. p>

As a customer you have the choice to use the card or return it. If you receive a credit card, which you had not asked for you just need to cut it into two and send it back to the bank, declining the offer.

The more cards you have the more tempted you will be to avail the offers on each of them and at some point in time discipline could give way to reckless spending leading you into a maze of spiralling debt before you realise what hit you.

For a spender who is not disciplined in prompt repayments, debt can mount in accelerated proportions.

If you use your credit card extensively or even if you use it once in a while, it would be prudent to access your credit report from Cibil (Credit Information Bureau (India) Limited). You can manually access your credit report by placing a request with Cibil, details of which are available at www.cibil.com.

Though currently you can pay for this report through Cibil’s online payment gateway, you cannot access your credit report online as of now but this will be enabled in future. Once you make your payment Cibil will send you a hard copy of your credit report to your postal address.

Having access to credit reports is a definite step for the genuine borrower with an excellent credit profile to increase his negotiating power. So, how can you ensure your credit report gives you this negotiating power?

Well, what can be the doom for a reckless spender can be an excellent tool for the disciplined borrower. It depends on how you use your credit card. This can be the single most important factor in improving and increasing your credit score.

Here are some pointers on what to do and what not to do in order to achieve this.
1. Judicious use: Making use of a credit card judiciously will help you improve your credit score. Just make sure to choose a card that is suited for you from a well known brand.

2. Low credit limit: Keep a tab on the credit limit of your card. Open a credit card account with a company that will provide you with the highest credit limit possible. High credit limits, even if they are not used, will add merit to your credit score and improve it.

3. Closing credit card accounts: The number of years you hold a credit card account has an impact on your credit scores. So keep your oldest credit and if you must close a card opt for the most recent cards and close them one at a time, maybe once a month over a period of time, as closing them too quickly could also affect your credit score as your available credit limit will take a dip in one go.

4. Bargain for a lower interest rate: If you have never defaulted on payment for a few years, make use of your good repayment track record and speak to the bank officials for a better bargain. Request them to lower your interest rate citing the good track record.

5. Request for hike in credit limit: The most recent card has the highest credit limit. The oldest card has the lowest credit limit. What do you do? In such instances, if you have a good repayment track record, approach the bank and negotiate for a higher credit limit especially since you have been their customer for quite a few years. Most banks will facilitate such a request. You can then go ahead and close your most recent card.

6. Keep a self imposed credit limit: Never exceed 40% of your credit limit. This has a beneficial effect on your credit score. This shows your credit limit is high but you have not burnt it up and have plenty in reserve. This logic helps you attain a much higher credit score. The same logic suggests you should not close any credit card accounts, as they collectively will provide you a high credit limit, which is good for the score.

7. Paying off credit card dues quickly: This will dramatically improve your credit score. Try not to accumulate too much credit card debt. Be wise and pay the dues quickly and keep rotating your cards. Paying off dues timely will spike your credit score.