Tuesday, July 8, 2008

Pay Online Without a Credit Card

By EricHDoss @ hubpages


By far, the easiest option would be to use PayPal by eBay. PayPal is free for personal use. You can go to their website and sign up for a free account. You might be prompted to enter a credit card number, but you don't have to.

Once you have registered for your account, you will need to "Get Verified." This involves linking your bank account to your PayPal account. If you don't want to use a credit card, you will need to link to your bank account. Once you have entered your information, PayPal will make two small deposits into your bank account. It generally takes about 5 days for this to happen. Once you see these deposits, you will log in to your account and enter the amount of the two deposits. This serves to verify your ownership of the account. Once this is done, you will be able to use your PayPal account at any merchant that accepts PayPal by simply entering your PayPal username (your email address) and your PayPal password.

Pre-Paid Credit Card

The second option is more expensive. You can purchase a Visa, MasterCard, or American Express branded gift card. These are generally available at most grocery stores, discount stores, and drug stores. Once you purchase the card, you will need to follow the instructions to register the card. In most cases, you will need to call the card issuer and provide your name, address, and phone number. They will then authorize the card for online use. The drawback to this is the cost of the card. Most of the cards cost at least $6 more than the face value of the card. Also, if your card has a balance, the issuer will generally charge you a monthly fee after the first few months.

Cut Your Credit Card Interest Rate In 5 Simple Steps

By jforrest

Lowering your credit card interest rates is one of the simplest secrets to financial savings. With one simple call to your credit card company, you can achieve a lower your rate, effective immediately. Credit card companies may set high rates for you, but you don’t have to accept high rates. Interest rates are always changing. Credit card companies are banking on the fact that most people don’t understand that they can ask for lower rates.

Would you like to pay yourself instead of your creditors? Want better financial results today? If you’re a customer with good credit standing and you are not at your credit limit (you can also ask to have your limit raised), you have a good chance of lowering your annual percentage rate by quite a bit.

I recently called my credit card company when I saw they had raised my annual interest rate. I stated that I had been making timely payments in full and they apologized and immediately returned my rate to the previous low rate. That phone call saved me potentially hundreds of dollars in interest if I would have had an emergency and needed to charge up my card to the full limit. When it comes to your dollars, pay close attention. Try the following tips.

(1) Check Your Credit Card Statements

Make sure you know the annual percentage rate you are paying for each and every one of your credit cards. Many credit card issuers have a policy that states they can raise your rates if you fail to pay one or two bills on time, even an unrelated bill, such as your water or electric bill. This is called Universal Default. You will not be informed if you are subject to universal default. Your credit card company does not have to warn you. So always keep an eye on your interest rate. If you see a rise, call and ask what can be done about it. If one customer service representative says they can’t help you, keep calling until you find a representative who will help you. If you have trouble keeping up with more than one card, consider consolidating your debt into one low-interest card. Find out how much each card charges for late, over-limit or any other extra fees and what the interest rates are on balance transfers from other cards.

(2) Compare the Rates of Other Companies

You will be amazed at how many attractive credit card rates are out there for you. Companies want your business and your debt, so they will offer low or even zero percent introductory interest rates for a specific time period. Make sure to look for cards that offer 0% balance transfers and no annual fee. Also, be sure you know what the interest rate will jump to after the introductory period. The more you know about what other credit card companies offer, the better spot you are in to leverage the results you want with your current card. Tell them you are looking at switching to another company unless they can match the rate you have found. Even if you threaten to close your account, however, do not actually have the account closed unless you have other cards that can uphold your best credit standing. As length of credit history is 15% of your credit score, you want to keep your old accounts open even if they are not active. Your company may not get you the rate you want but they may say to check back in a month as approved rates fluctuate from month to month. I was once told to call back in a month for a better rate once, which I thought was just a way to get me to give up. But after several calls and then calling a month later, I learned that it was true, sometimes you have to wait for rates to change.

(3) Call Your Credit Card Issuer

Always call your credit card’s customer service representative when you are feeling calm and positive. No matter how the phone call goes, remind yourself to stay professional and polite. It never hurts to remind your operator what a good customer you have been. Rather than threatening to cancel your account, be clear (for your own lack of stress and trouble) that you would like nothing else but to continue your relationship with the company. Point out the fact you pay your account in full each month, or that you pay on time consistently. If you have success in lowering your interest rate, you don't have to stop there. There is nothing to say that you can’t call again in a few months to ask for an even lower rate. In other words, getting your credit card interest rate lowered is something you can do periodically as long as you’re a good customer. For free scripts to use when calling, search the Internet for “Ask for a lower interest rate – sample letters”.

(4) Don’t Give Up

If the first person you speak to says they’re not authorized to lower your interest rate, that means there is someone who is! Ask to speak with a manager with the understanding that they have more authority to help you. Again, remember to be polite when asking to speak with upper management. I like to tell representatives how well they have served me and that I am going to tell their managers what a good job they have done – and I do. Happy people produce happy results. For whatever reason, if at this point they are still unable to grant you a lower rate ask the reasons for the denial and inquire as to when you should call again to request a lower rate. Ask them to make notes of your request in the computer as a reference for the next time you call.

Ask your representative to make notes in the computer each time you call to let the company know you’re serious.

(5) Pay off Your Debt

What better way to save on interest than to pay off debt? See how much you can cut back on spending each month while setting goals to slice your debt inch by inch. Every extra dollar you put towards your credit card balance means you pay less in interest rates.

One major consumer group study showes that fifty-seven percent (57%) of those who simply telephoned their credit card company and asked for a lower interest rate got one instantly. This rate was anywhere from 7 to 10 points lower than their current credit card interest rate. Imagine the savings if all of us called for better rates.

Latest Credit Card News

The credit card industry in the UK is constantly changing and here at our team keep a daily watch on what is happening within the companies and cards on offer to bring you all the latest news from the UK credit card market:

4th July 2008New Capital One Balance Transfer Card
2nd July 2008Capital One Platinum Card Changes
1st July 2008Egg Balance Transfer Offer Changes
20th June 2008New MBNA Platinum Card Offer
16th June 2008New Halifax Credit Card
10th June 2008New Citi Platinum Card Offer
4th June 2008HSBC Credit Card Changes Offer
2nd June 2008MBNA Rewards Card Changes Offer
2nd June 2008New Capital One Platinum Card Offer
23rd May 2009Capital One Cashback Card
19th May 2008New Barclaycard Breathe Card Offer
14th May 2008Lloyds Platinum Credit Card Changes Offer
9th May 2008BA Credit Card Bonus Miles
5th May 2008New RSPCA Credit Card
2nd May 2008Egg Changes Balance Transfer Offer
28th April 2008MBNA Platinum Card Changes Offer
18th April 2008BT Credit Card Launches
14th April 2008Credit Card Customers And The Internet
8th April 2008Credit Crunch Results In Limit Cuts
3rd April 2008Capital One Platinum Card Changes
1st April 2008Mint Credit Card Offer Changes
18th March 2008MBNA Rewards Card Offer Changes
13th March 2008Credit Card Fraud Abroad Rises
10th March 2008MasterCard Garden Makeover
7th March 2008New Barclaycard Cashback Card
3rd March 2008Egg Balance Transfer Offer Changes
25th February 2008Sainsburys Changes Credit Card Offer
20th February 2008HSBC Credit Card Offer Changes
15th February 2008New easyJet Credit Card
8th February 2008Barclaycard Buys Goldfish
4th February 2008Mint Credit Card Updates Offer
2nd February 2008Egg Cancels Credit Cards
21st January 2008Sainsburys Credit Card Offer
16th January 2008MBNA Platinum Credit Card Changes
10th January 2008NatWest Credit Card Offer Changes
7th January 2008bmi Credit Card Relaunches
4th January 2008Capital One Credit Card Changes
2nd January 2008Mint Credit Card Changes Offer
28th December 2007New Charity Credit Card Offer
28th December 2008Egg Changes Balance Transfer Offer
18th December 2007Co-operative Bank think Credit Card
14th December 2007MBNA Rewards Card Changes Offer
7th December 2007NatWest Credit Card Prize Draw
4th December 2007New Mint Credit Card Offer
30th November 2007New Goldfish Low APR Credit Card
21st November 2007VIP Entertainment Credit Card Launches
16th November 2007One In Ten People Use Credit Card Daily
12th November 2007Extra Consumer Purchase Protection
9th November 2007New Lloyds TSB Credit Card
5th November 2007MBNA Platinum Changes Card Offer
2nd November 2007Egg Increase Balance Transfer Offer
29th October 2007Credit Card Usage in Great Britain
23rd October 2007bmi Card Launches With Miles Offer
17th October 2007Balance Transfers Increase In Popularity
12th October 2007New Breakthrough Credit Card Offer
9th October 2007SonyCard Mp3 Player Offer
5th October 2007New Mint Credit Card Offer
2nd October 2007Barclaycard New Balance Transfer Offer
27th September 2007Credit Card Borrowing Down
21st September 2007Bonus Rewards From Nectar
18th September 2007New Shell MasterCard Launch
14th September 2007MBNA Platinum New Card Offer
7th September 2007MasterCard Contactless Payments
3rd September 2007Credit Card Holders Urged to Sign Up
28th August 2007New Goldfish Rewards Credit Card
20th August 2007Credit Card Borrowing Declines
15th August 2007Retailers Sign Up For Contactless Credit Cards
10th August 2007New Barclaycard Football Card
7th August 2007MasterCard Returns To Profit
2nd August 2007New Capital One Cashback Card
27th July 2007Barclaycard Increase Balance Transfer Offer
25th July 2007Credit Card Pin Code Overload
19th July 2007Virgin Increase Balance Transfer Offer
10th July 2007New Barclaycard Breathe Card
5th July 2007Credit Card Spending Rises
2nd July 2007New HSBC Credit Card Offer
26th June 2007OFT To Work With Credit Card Companies
21st June 2007Visa To Sponsor Football World Cup
15th June 2007Holiday Credit Card Tips
11th June 2007Credit Card Satisfaction Survey
7th June 2007New Citi Platinum Purchases Card
5th June 2007Credit Card Cash Withdrawals Fall
29th May 2007Post Office Financial Services Growth
24th May 2007Credit Card Fees For No Usage
21st May 2007RBS And NatWest New Card Offers
16th May 2007Credit Card Habits
11th May 2007Credit Cards Replacing Cheques
8th May 2007Contactless Credit Card Rollout
4th May 2007Airmiles Changes Cards
30th April 2007Biodegradable Credit Card
26th April 2007MasterCard Signs Up Lloyds TSB
19th April 2007Barclaycard Planning Green Credit Card
16th April 2007Checking Credit Card Statements
11th April 2007Easier Fraud Reporting
5th April 2007Credit Card Interest Confusion
2nd April 2007Egg Increase Balance Transfer
2nd April 2007New Credit Card Fraud Reporting
30th March 2007Visa Invests In Mobile Payments
22nd March 2007Barclaycard Trials Travel Card
19th March 2007Credit Card Cash Withdrawal Fees Rise
14th March 2007Credit Card Fraud Falls
8th March 2007Credit Card Fees Abroad
5th March 2007Londoners Get More Rewards
2nd March 2007Credit Cards And Travel Cover
28th February 2007Chip and PIN One Year On
23rd February 2007Lloyds TSB Introduces Annual Charge
21st February 2007Credit Card Spending Declines