Visa and MasterCard. Is there any difference?

visa-mastercard 1  Visa and Master Cards are the two most widely used credit cards. They are often seen as the fierce competitors in credit card business. Anyone who needs to use credit cards will definitely want to know that which card is better to use in terms of flexibility and acceptance. But first of all, we need to know that Visa and Master Cards are similar in nature as both of them don’t issue credit cards. They are merely the financial payment networks.
How they work
They make money by acting as a third party between your bank and the point of purchases. They simply charge a transaction fee. They also deal with the interest rates, payment terms, late fees, penalties, rewards, credit points and free air times being offered to you. These things are decided by the banks or other financial institutions offering Visa or Master Card. Since millions of transactions are made on credit each day, banks always prefer to process transactions that are backed by secured payment networks like Visa and Master Card.

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These payment networks acts as a third party and they have nothing to do neither with the interest rates charged on overdue amount nor on the rewards offered. However, they have their own and unique non-reward based arrangements known as “Perks”. Most commonly offered perks by these payment networks are fraud protection over your transactions, car rental insurances, travel insurance and protection on your purchases. So one way to choose between Visa and MasterCard is to analyze the perks offered by them and choose the one that best satisfy your needs.
Which is better between Visa and MasterCard?
In terms of these offered perks, Visa is considered little better than MasterCard. Firstly, Visa signature offers more cards with return protection while MasterCard offer this perk on limited cards. Secondly, Visa offers far better “loss of use” perk on car insurance as compared to MasterCard. Visa is also considered as more secure way of online payment as it offer betters security and fraud protection. But despite of this both entire have nearly equal brand loyalty and customer base.

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Visa and MasterCard do have lots of things in common as both are just payment network and don’t issue credit cards directly to customers. The interest rate charged on these cards is decided by banks offering these cards or even set by legislation and interest rate is nearly the same on both cards. They both have worldwide acceptance with nearly 22 million outlets accepting these cards. All that makes us believe that there is not much difference between these two cards. They are just two different brands and intense rivals just like Pepsi and coke.
Whether to choose Visa or MasterCard is very much based on the brand preferences. As both of them can’t offer the rewards or charge interest rates on their own. One needs to think the terms of payment, interest rate charged and other things offered by the bank on these two cards and should choose the one which is better in term of satisfying their needs.

Benefits of the American eagle credit card

american eagle 3 There are 2 outfitter credit cards of American eagle. One is the store card and another one is the Visa card. Both of them are issued through the GE money and they are also subject to their Terms and conditions. There care a few requirements for AE credit cards and the history of the credit card does not contain any kind of bankruptcy issues or delinquent accounts and the applicants must be above eighteen years old. They must have own social security numbers and the applicant cannot submit any earlier application within previous ninety days. Persons who are approved, they will be automatically enrolled in AEREWARD$ program. When anyone purchases products he can earn points.

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Why you should get one
1. Special discounts
America eagle offers the opportunity of 23-day billing cycle as well as easy Access to the special events. It also offers special Discounts for the cardholders American eagle is providing 4% Purchase discount on the online purchase. Birthday discount is one of the attractive features of American eagle and it is offering around 15% birthday discount to the consumers. Visa card of AMERICAN EAGLE is offering special features to the consumers. Visa card is offering extra savings and it is 1% and no Annual-fee is required. It also offers Invitation to the sales events and 4% purchase discount for any kind of purchase in special sites of American eagle.
2. Better rates and rewards
There are 2 different types of account in American eagle. One assigned during the application procedure based on the credit history but both of the 2 have variable rates of Annual percentage. One charges 19.24% and another account charges 23.24%. All these are high rates for the standard visa card but they are usual for those which are patterned with particular store brand. Grace period is determined at least twenty three days that denotes balance is fully paid. If this balance is carried over from 1 month to next, there is no existence of grace period. Savings certificates are sent around one month just after the inspecting the requirements. Unless the members shop in American eagle as well as associated stores of those shops, anyone may find that these cards are too much expensive. American express, master card, visa card as well as discover provides discount as well as reward programs.

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3. Saving power
It will help you save more money if you are managing tight budgets. With the low interest rates the American eagle card is best suited for smaller purchases. Be sure to pay up on credits before due date to save even more without incurring excessive interest rates. Special discounts features make it possible for you to purchase what you need. With the American eagle credit card its easier on your pocket with friendly interest rates that give you better credit score range.
The american eagle credit card is one of the few available cards that are budget friendly. With this card you can easily purchase online or at major supermarkets. Born from the American airline it can be used as a travel credit card.

Look out for your MasterCard credit limit

credit card limit Master credit card is one of the reliable names in online transaction. The credit limit on this card is decided by the institution.MasterCard credit limit varies from individual to individual based on their credibility. However, this limit is negotiable with the credit provider. You can ask the credit provider to review your credit limit after six months. Similarly repayment terms and interest charged on outstanding amount is also negotiable with the credit provider.
Are you eligible for a MasterCard credit?
MasterCard needs to get some information in order to assess your credit status and to verify your identity. They will get this necessary information through credit agencies and your group records. Similarly to get this master card you need to be UK resident with age over 18 and you should have a reliable source of income. MasterCard gives you the freedom to purchase goods on credit up to your pre-decided credit limit. The MasterCard credit can be paid back in small payments or you can pay it in full each month. However, if you failed to pay back in full, interest will be charged on the outstanding amount. Similarly, failure to pay the minimum amount every month may incur penalties and bad affects on your credit rating.

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What are the MasterCard credit limit interests?
You can transfer up to 95 % of your total credit limit of the master card. For example, if your master card has a credit limit of 4000 pounds you can transfer up to 3800 pounds through it. However, you need to transfer minimum 100 pounds to avail this service. Master card also gives the facility to avail interest free credit if you comply with some conditions. These conditions are- if you pay in full and on time for all your purchases and you have no balance outstanding for your previous month you can avail interest free credit up to 56 days. However, this interest free credit facility can’t be availed on balance transfers and cash advances made.

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Easy to use worldwide
MasterCard credit is famous for its worldwide acceptance. It is accepted in more than 32 million different locations worldwide. No credit card is more acceptable than a master credit card. It is also important to note that Master card cannot be issued directly from master card international. You need to apply for this card through the member institutions and finance provider agencies. Master credit card also gives you the facility to withdraw cash from ATM but high interest rates will be charged for this service. You will be charged near about 2% fee on the amount withdrawn. Some provider of master credit card charges annual fees as well, but this helps the customer to offset the necessary maintenance fees. It’s easy to check your credit anytime via your mobile banking app or online anytime through the internet. Master credit card also provides you the facility to share your card with your family. You can share it with your spouse or other close family members and they can avail this credit facility as well.

Old navy visa card

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Old Navy is a well-known clothing retailer and this is managed and owned by the American Multinational Corporation also called Gap Incorporation. This Organization was founded in 1994 with its headquarters in San Francisco and a total of 1,020 branches nationwide in the United States. The largest store Old Navy has is located in different states such as New York, Seattle, San Francisco, and Chicago. The brand name had been managed by Mr. Millard Drexler, who made and changed the image of the company into a world class brand name.
How to get a credit card of Old navy:
Credit cards of the old navy are attaining popularity day by day among the shoppers. Old navy is offering two types of cards to the consumers and they are-Visa card as well as Old navy charge card. The main perspective of this article is to focus on the important aspects of the visa cards as well as Old navy charge card. But an individual may require getting approval in order to qualify for the cards. If your previous credit history is poor then you will hardly get the chance of having a credit card from Old navy.

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Benefits of the Old navy visa cards:
Old navy Visa card are offering multiple benefits. Old navy visa card is offering the scope of earning rewards points on everyday purchase. A person may make a purchase at the store of Old navy as well as its affiliates such as GAP as well as banana republic. There are also discounts for the card holders. Old navy is offering the opportunity of earning 5 reward points on $1 consumption and 1 reward points on elsewhere purchase. Thus a person may keep earning rewards on his purchase of products at the stores of Old navy.
Shopping with the Old navy visa card is a nice experience. Most of the people prefer using the via card of Old navy especially when they are shopping with their family members. Authority of the Old navy notifies the card holders on their special sales as well as discounts. An individual may easily earn one reward points on his $1 spent elsewhere. When he collects 500 reward points, he may earn $5 reward card. He may also earn around 500 reward points. An individual may earn maximum 2000 bonus points.

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Old navy visa card holders are also offered the opportunity of getting the notification of their new sale-events as well as discounts. A person may also get access to his accounts 24 hours through online. He may also get exclusive offers as well as promotions. There is around 10% off in the old navy, GAP as well as pipeline, on every Tuesday. A person may also get the scope of enjoying some special birthday savings. Grace period is twenty three days and maximum late fee is determined $35. They also offer the opportunity of credit card security program in case of unforeseen incidents like loss of life, hospitalization, unemployment as well as disability.

Advantages of REI visa cards

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REI stands for Recreational Equipment Inc. and it is a private retail corporation in America which is organized as sporting goods, consumer operatives, selling the outdoor recreation gear as well as clothing via around 135 retail-stores in thirty two states, internet as well as catalogue. This organization opens 4-6 stores every year. In the year of 2013, REI sales could exceed $2 billion. REI was founded by Lioyd as well as Marry Anderson in Washington in they year of 1938.
Membership benefits:
When an individual joins at REI at $20 fee, he is offered the lifetime benefits. All the members of REI are offered the benefit of enjoying annual refund. REI also offer 5% back on the REI purchase and 1% back one elsewhere purchase. And it is top on anyone’s annual member refund. Trips as well as REI adventures are also being offered at the member pricing. So, if a person prefers travelling, he may knock the door of REI. If you are a cyclist, then REI is also offering an opportunity to you. REI is offering Bike-shop services like tune ups as well as repairs at a discount price. Skiers as well as snowboarders are also offered the opportunity of enjoying discount on the shop services like waxing as well as tuning. Members of REI are also offered the scope of receiving the discount-coupons as well as bonus cards. They may also enjoy savings on the returned as well as gently-used merchandise. As the member of Co-Op, one may elect the Board of directors of REI, each year.

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Benefits of Visa card of REI:
1. REI visa card is offering 5% cash back on the sales of REI merchandise.
2. REI is also offering gift cards as well as adventurous trips.
3. REI visa cards are also offering 1% cash back on elsewhere purchase including the monthly bills during the period of payment through the REI visa cards.
4. All these are on the top of anyone’s Member refund of REI( 10% on the eligible purchase on REI stores)
5. REI charges no annual fees from its consumers.
6. Visa cards of REI gives back to outdoors: Funds are donated by the U. S. banks on behalf of the Visa card members of REI to the organizations which give back to outdoors.

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Exclusive benefits:
1. Visa-signature concierge:
REI is offering the scope of having 24 hours access on the Visa-signature concierge. REI is also offering the assistance of reserving the lift tickets as well as arranging the Kayak rentals.
2. Entertainment:
Visa cards of REI are offering preferred seating as well as advance tickets at the music, theatre as well as film events. One may enjoy 10% savings on purchasing a ticket on the Viagogo.com
3. Sports:
Visa cards of REI are also offering the opportunity of enjoying different sporting events like Super bowl, golf, base ball etc.
4. Travel and shopping:
Attractive travel packages as well as shopping are also offered by the visa card of REI. Anyone may enjoy savings in his purchase of sporting goods as well as electronics.

 

Get the Cabelas visa cards

cabelasCabela’s Corporation is the direct marketer as well as specialty retailer of camping, shooting as well as outdoor recreation-merchandise. It was founded by Richard N. Cabela in the year of 1961. In the year of 2013, this company performed strongly at $1.56 billion in the outdoor recreation arena with the stock price around 50% and the consolidated revenue raised up to 14.8%. This entity has also real-estate market.
Cabela’s financial transaction:
Cabela has also distinctive look in it’s business and it turned its stores into the tourists attractions. Stores of Cabela are more attractive than the cavernous showrooms. They feature taxidermied wildlife, archery ranges, indoor mountains as well as large aquariums. Kansas store of this company has made large number of customers and around 4 million customers visit this store in a year. Plans for the international expansion started to develop and in the year of 2007 Cabela bought family-owned S.I.R. Cabela runs their financial transaction with the WFB and this bank produces Cabela’s club-visa card. This bank was ranked as the 13th largest issuer of the credit card in the year of 2013. Most of the member of Cabela have club-visa card. At the end of the year 2012, this corporation claimed that they have around $3731567000 net assets.

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Benefits of the cabelas Visa cards:
Cabelas visa card are quite efficient for fulfilling the requirements of the clients. Benefits of Cabelas visa card are disclosed hereunder:
1. Cabelas visa card offer the opportunity of Easy redemption. Achieving the CLUB rewards points of Cabela is quite a simple task. Just one may require
Purchasing the Cabela products.
2. Cabela’s rewards points do not expire as well as Cabela does not offer maximum limit of the earnings. Anyone may earn on his accounts in the good standing.
3. Cabela also offer the opportunity of easy access to the CLUB events as well as parties.
4. Cabelas visa cards are also offering 2% reward points on participating the Cenex convenience stores.
5. Cabela also offers twenty four hours fraud monitoring on the CLUB transaction as well as zero liability for the confirmed fraud.
6. Cabelas visa card offers simple account-management services.

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Benefits of the cabela’s credit cards:
Cabela’s credit cards offer several attractive facilities to the clients and they are disclosed hereunder:
1. Cabela credit cards offer up to $30 in the club points.
2. Easy redemption of reward points on everyday purchase.
3. Cabela credit card is also offering 2% cash back on the Cabela purchase.
4. Anyone may get the opportunity of earning 1% reward points on purchasing products anywhere else.
5. Cabela points will never expire
6. There is no maximum limit of earnings on Cabela purchase.
7. An individual may also get the opportunity of purchasing extra $10 reward points on outside purchase. He should make 5 purchases and within 30 days of the account opening period. The reward points will appear in the statement on anyone’s 5th purchase.

Facts about capital one credit card

capital-one Capital one is a financial corporation which is specialized in home loans, saving products, credit cards, banking as well as auto loans. Considering total assets as well as deposits, this corporation is the eight largest financial corporations across the world. Till 2012, this corporation had more than 963 branches. Capital one is also a member of the entity, fortune 500. Capital one operates its business in United Kingdom as well as Canada. This company also deals with the credit card. It is 4th largest consumer of the USPS which stands for United States Postal service.
Financial transactions of Capital one:
National direct-bank is former online-banking services, provided by the capital one and it also offered varieties of depository services like checking accounts, money-market accounts etc. As capital one acquired the INGD division, so previous banking services were not accepting new consumers. Costco offered various promotions as well as partnerships on such types of accounts

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Methods of managing capital one credit card:
If a person wants to get a capital one credit card he must follow a few tips and they are disclosed hereunder:
First of all one should find the card offers he is eligible without effecting his credit score. Then he should get the methods to the features he desires like miles, cash back as well as low intro-rates. Afterwards he should see whether his card matches within less than sixty seconds or not. One should also find the card for where he is to help him prepare for next steps. All the cards of the capital one may come with the fraud coverage especially when one loose his card or it is stolen. Credit card features 24/7 account access and anyone can easily accomplish the take of account management through his mobile app. One should think of monthly payment and it may work best for him. He can pay through the way he prefers like check, online as well as at the local branch.
Benefits of capital one credit card:
One may earn rewards for his every purchase in capital one and it can help him towards the new Chevrolet, Cadillac vehicle, Buick as well as GMC. If a person makes a $5000 purchase he will get 5% earnings. Then he will get unlimited 2% earnings for his every purchase. Earnings of a person do will not expire and he will find no limit in his earnings as well as redeem. Capital one credit card does not charge foreign transaction fees. It also charges no annual fees.

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Capital one –spark:
Spark of capital one offers 2 % cash-back, everyday, on every purchase. If a person spends $ 5000 he will get cash bonus of $250. Cash rewards will not expire and no limit of earnings. One may get $50 bonus if he signs up for more employees. He may redeem his cash rewards at any moments and he can also set up the automatic redemption. It charges no foreign transaction fees.

Get the best out of the Wal-Mart credit card

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Wal-Mart money cards are known as America’s best credit card. These credit cards come in various forms for client’s convenience so that people may have choice available to them to choose the card that best suit with their needs. People consider different factors before deciding the credit card and these are- balance transfer fee, rewards offered, interest charged on overdue amount and transaction fee. Prepaid credit Wal-Mart facilitates their customer by providing credit cards and their primary aim is to fulfill customer’s needs. There is a wide range of its credit cards available. First one is a Wal-Mart basic card. You can purchase everything, at any place with this basic card. It incurs 0% fee for all online purchases .However, initial load up to $50 is optional. It charges no overdraft fee and there is no credit check for its issuance.
Why you should get the Wal-Mart credit card
Next one is a Wal-Mart money card plus. As the name indicates it offers basic plus some added benefits to customers. This card charges a $3 fee for online purchases. It requires an initial load of at least $20 however; an initial maximum load of $50 is optional. With this card you can pay your bills online. Similarly, you can send money to your friends and family without any fee; that means no additional fee will be charged to either party. This card requires $3 as maintenance fees, however no fee is charged for any purchases made. This card requires an initial minimum load of $ 20 and a maximum initial load of $50. Both of them are compulsory. Similarly, it charges $4 fee for online purchases.

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You can get your card at Wal-Mart
Wal-Mart is famous among its client as it conducts no credit checks prior to its card issuance. However the law requires obtaining some basic information of customers like name, address, birthdate, social security number, their contact number and other necessary information. Wal-Mart charges, no overdraft fee on all its cards. Similarly, you don’t need to open up a bank account to avail these cards. You can use Wal-Mart credit card for purchases worldwide. Similarly, you can buy things online with it. Wal-Mart credit card incurs no transaction fees over all purchases and direct deposits. You can withdraw your money from Money Pass ATM of Wal-Mart network of 24000 ATM nationwide. Wal-Mart mobile App is also available helping you keep track of your spending and balance.

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The best thing about Wal-Mart credit card
Wal-Mart beats its competitors’ by providing reliable services to the consumers. You can reload your card from any Wal-Mart location; furthermore you can transfer funds from your bank account to Wal-Mart account. It charges 2% of the total amount as fee on all foreign purchases. The monthly maintenance fee is around $3. It can also be waived off if you are able to add $1000 or more each month in your Wal-Mart credit card. It also gives the facility to check your balances and your transaction history through online resources without any free. You can easily check them anytime on online.

HBSC advance credit card

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The HBSC advance credit card is accepted all over the world. According to an estimate, it is accepted in more than 32 million organizations worldwide. It offers its customer’s competitive monthly interest rate. The HBSC advance credit card uses microchip technology, which enables higher security and faster transaction. It offers its customers various facilities like no annual membership fee is charged over it. Similarly, you can take 50% of your available credit limit in the form of an advance. It also offers special saving to its new customers in the form of cost saving over the transactions made from any bank account to HBSC advance credit card account; o% interest rate is charged on all such transactions for first six months. HBSC charge monthly interest rate of less than 3% on all retail purchases.
You can use your HBSC advance credit card to avail rewards and benefits like, discounted cinema tickets in UAE, the chance to earn free air mile from its Air miles reward program and free supplementary cards for your family. The HBSC advance credit card can be availed quite easily, what you have to do is open an HBSC advance account. During the account opening process you can apply for the HBSC advance credit card. Application for account opening may be processed very quickly and it could take even less than 30 minutes to get approval. You will need to submit a few documents for opening your account like dully filled and signed application form, your national ID, original passport, resident visa, salary transfer letter from your employer/salary certificate and bank statement where your salary is deposited. After verifying these documents you will be notified about your account.

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If you have got approval you are eligible to avail HBSC world class services and benefits. HBSC aims to make your time precious and it is also offering the facility of spending time with your life with 2x rewards program point on selected purchases and dining occasions. HBSC charges no foreign transaction fee so that you can save money on purchases worldwide. HBSC offers special package to its new customers by giving them a chance to earn 15000 bonus points by spending $1500 or more in three months from account opening date. You can earn one credit point on all your retail purchases via your HBSC advance credit card and you are also given the chance to earn two credit points on expenses incurred in respect of selected dining and entertainment purchases.
HBSC also limits your liability in case you lost your credit card and if you inform HBSC about this, you will not be held liable for its unauthorized use. Similarly, it offers $500,000 accident insurance to its valuable customers. The HBSC advance credit card contains encrypted microchip which is almost impossible to duplicate. As a result, you may ensure safeguard for your money and you can make transaction without any hassle. Similarly, this microchip has enabled technology helps for ensuring worldwide purchases as this card is accepted in more than 80 countries and at more than 23 million sale points. HBSC has attained huge success because of its competitive interest rates and reward programs mentioned above.

 

4 reasons to pay your credit card bill before it’s due

credit card due3Whenever you receive your monthly credit statement, the first thing you should be doing is pay credit bills. Most of us, if not all, always find an excuse to be late in payment. Here are four reasons that will convince you to pay your credit bill before the due date.
1. Accrue less interest
If you pay your credit card bill within your due date you accrue less interest. Although you are given interest-free grace period, paying your bill before due date is still beneficial as interest is charged on the average of your balance for the entire period. So if you pay your bill before the due date you lower your average balance and eventually less interest will be charged on it. It is also important to know that interest is charged on a compound basis. It means that you have to pay on the interest charged on the principle amount. Suppose, the credit bill you owe is $100 and you are charged 10% interest on it. Now, if you pay your credit bill late you have to pay 10% interest on $110 not on the original amount of $100. So paying your bill early even before the due date will lead you to the cost saving.

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2. Manage your budget
Pay your credit card bill on time and manage your budget effectively. Live according to your means by keeping your credit limit within your expenses. Doing so will make it easier for you to budget without incurring high interest rates. It is always wise to make the next credit bill payment before the due date so that you may not have the money available to incur unnecessary expenses and go out of the track.
3. Improved credit scores
If you pay your credit card bill before the due date will lead you to improve your credit scores. As you know that at the end of every period, a statement is issued which reports your outstanding balance as debt to credit reporting agencies. This report is based on the snapshot taken during your statement period. Avoid interest charges by keeping your credit balance in check. If you don’t pay within the due date will your debt utilization ratio will be high decreasing your credit score.

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4. Avoid risk of late fees and penalties
Pay your credit card bill before the due date to avoid the risk of interest on late fees and penalties. Most credit card issuing banks and institutes send you reminders to pay your bill before the due date. You can set up reminders of dates on your personal calendar. But it’s always better to avoid the risk in the first place as paying late may damage your credit scores which is crucial if you are applying for new loans. Your credit score is one of the deciding factor whether you qualify for a new loan or not. A good credit score lowers the interest rate on your new loans.