Credit Card Offers
Credit card offers for abbey, barclaycard, egg, lloyds tsb, morgan stanley, nationwide, post office, sainsbury, tesco, virgin.
What is a Credit Card?
A credit card is a small plastic card that is used as a system of payment by the user. This card will entitle the cardholder to purchase goods and services, but the cardholder must promise to pay the card issuer for these goods and services at a later date. The credit card issuer grants a line of credit or finance to the cardholder.
The amount of money that is borrowed for payment is like a cash advance to the cardholder. But failure to pay back the money at the agreed time will incur interest charges on the money borrowed. There are many benefits to using a credit card such as the rewards schemes that they some time offer such as cash back and the collection of air miles. Some credit cards have a 0 per cent interest rate on purchases and balance transfers for an agreed timescale.
Sites of Interest
Directgov - Data protection
and identity theft
There is loads of information on this website about how you can go about to protect yourself from identity theft.
On the site there are mnay helpful steps that you can do to stop this taking place and you becoming a victim.
You’ll also learn about your rights when using a credit card under the Data Protection Act.
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Identity theft and stealing your name by BBC News
This news article written by the Money Programme shows the growth of identity theft in our society today. It points out the dangers and how you
can go about combating it. You’ll get lots of useful tips and advice when using your credit card, it’s well worth a read.
Your credit rating explained by BBC News
This article shows how credit card providers
rely on this data when consumers apply for a credit card. The consumer data they use is provided by three credit reference agencies. It will
also show you the importance of you to understand about how your credit rating is scored and how it can affect you when you try to get finance,
such as a loan or credit card.
Get a Free Credit Rating Report
You can get a free credit rating report from Experian and start to
understand how to improve your credit score. They also offer advice on how to protect your identity and take full control of your money. All
credit card providers will use this type of report to help ascertain whether to issue an individual a credit card or personal loan. You can also
check regularly to see what your personal credit rating score is via email or online, plus you’ll also be able to know if someone else has taken
out finance in your name.
Credit rating explained by Wikipedia
Wikipedia is the free encyclopaedia and in this particular article is offers an explanation about credit rating and how credit card companies
use this information to assess the credit worthiness of a person or company.
Consumer Direct and Your rights
This web site looks at the consumer rights of an individual when making purchases with a credit card. If the services or goods that you have
bought have cost over £100 and you’ve paid by your credit card, you may be protected by the Consumer Credit Act.