Credit Cards Tips for You

If you have ever thought about applying for a credit card then you will no doubt have at least heard of 0% balance transfer credit cards. This is a popular type of card but can be a little bit confusing if you are not familiar with the concept of balance transfers. Read on to find out more.

Most credit card companies offer at least one type of 0% balance transfer card, but most offer a few variations on it – often with other, added benefits or rewards. This could include an initial interest free purchase period, or benefits such as discount schemes, depending on the specific card you choose.

0% balance transfer credit cards essentially do what their name suggests: they allow you to transfer a balance from somewhere else (an existing credit card, for example) and then give you a period in which to pay it off at a 0% rate of interest. The act of transferring the balance pays off the original creditor, so it can be a useful way of consolidating what you owe onto one card.

As well as balance transfers, this type of card also comes with the benefit of 0% money transfers (from your card to your bank). Y Read more…

European branches of major credit card companies are bracing for the financial impact of April’s volcano eruption. Unprecedented travel delays prevented thousands of airline passengers from completing scheduled flights. As some vacationers scrapped travel plans, Americans stranded in Europe turned to credit cards and to the kindness of local business owners when ash-filled skies prevented them from returning home.

Now that flights have resumed across the Atlantic, lawyers and consumer advocates have started figuring out how a tangle of American and European laws can ease the burden of paying for unexpected stays and nixed holidays. According to reports in British newspapers, travelers stranded by European airlines may be able to seek reimbursement for unplanned expenses directly through their credit card companies.

Americans traveling on U.S.-chartered airlines don’t enjoy the same protections, but credit card companies may still be able to help. Disputing a charge for a trip that never took place may force an airline into providing a full refund instead of an airfare voucher. S Read more…