The most common kind of debit card is the one you get with your checking account at your bank. You can use the card make purchases where credit cards are accepted, and you can also use it to get cash from automatic teller machines. However, there’s another option to the traditional bank debit card. It’s called a prepaid debit card . Unlike regular debit cards, which withdrawal money directly from your checking account when you make a purchase, prepaid debit cards don’t require a banking... Read Full Story
An “open loop” prepaid card is a type of prepaid debit card that can be used at multiple merchant locations (as opposed to “ closed loop prepaid cards ” that can only be used at certain merchants). An open loop debit card typically has a network brand on it, such as Visa, MasterCard, American Express or Discover. As a result, these cards are also referred to as “network branded prepaid debit cards”.
As described by the industry association responsible that promotes these cards, open loop... Read Full Story
Advantages of Orchard Bank Credit Cards
orchard bank credit card
Orchard Bank credit cards are the first choice of credit cards for people with poor or bad credit . Orchard Bank offers several different choices for people to choose between credit cards secured and unsecured. This allows the individual to find the offer of a credit card that best meets their needs. To simplify the application process , Orchard Bank provides a unique tool that allows candidates to enter their... Read Full Story
A “closed loop” prepaid card is a type of prepaid debit card that can only be used at certain merchant locations. Closed loop debit cards are also referred to as “store cards”, and are different than “open loop” prepaid cards which can be used at many different merchant locations.
An example of a “closed loop” prepaid card is the GAP gift card. The GAP gift card can only be used at GAP stores (including stores affiliated with GAP, such as Old Navy and Banana Republic).
Closed loop... Read Full Story
In this global economic crisis having a credit card debt might be a big problem for us. If you are a credit card holder and try to pay off the interest all the time but nothing change in your total credit card debt then you may seek a debt reduction method that can help you free your debt.
You can find information from any different resources. But, you must do it wisely. Some of them might be not solving your problem at all. What we need to do just extra effort and be cautious about their... Read Full Story
For many of us, recent times have proved to be the most difficult financial period of our life. Your difficulties then become more compounded by the detail that you have a poor credit rating and can’t obtain a loan from your own bank. Sadly, this then has a follow-on effect and therefore makes your personal finance position worse than ever.
Trying to improve one’s credit report can be challenging. Applying for new credit may appear to be difficult as many card issuers prefer individuals... Read Full Story
Visa gift cards are a popular gift for the Holiday season. This year, when you buy a Visa gift card for friends or family members, in addition to giving a great gift, you will also be helping out a worthy cause. Wachovia has offered to donate $1 to Toys for Tots for every gift card purchased from Wachovia.
Eligible visa gift cards can be purchased from any Wachovia bank location or line through their website. Gift cards are available in amounts ranging from $25 to $600. Cards can be used... Read Full Story
If you are one of those Citibank customers who have recently seen their interest rates hiked by as much as 30%, you may still have a chance to “Earn Interest Back,” as Citi’s program is aptly called. As with all offers that sound too good to be true though, there’s a catch: you will have to drastically increase your spending.
Qualifying for the Rebate
It isn’t simply a matter of making your grocery list longer by a few more items. Here’s a portion of Citi’s letter to one cardholder... Read Full Story
Consumers Union urged the Federal Reserve Board today to stop credit card companies from unfairly hiking interest rates and engaging in other unfair practices designed to get around new consumer protections set to go into effect in early 2010.
The Fed is currently considering a set of proposed regulations to implement the Credit CARD Act passed by Congress earlier this year. Most of the new rules are due to go into effect on February 22. In the meantime, however, credit card... Read Full Story
On November 19, UniRush and Visa announced that they will continue their longstanding relationship and that they will be expanding the features available on the Prepaid Visa Rush Card.
The prepaid Visa Rush card has made an important contribution to the prepaid market, serving a portion of the approximately 80 million American’s who are financially under-served by traditional banks. Many of these customers do not use traditional banking and rely on cash and pre-paid debit cards for... Read Full Story
