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What are the disadvantages of having a secured credit card?
The main disadvantage to using a secured credit card in place of a traditional credit card is the fact that you have to have the money in advance for any purchase you want to make. While this is an advantage when considering your credit score, it is also a disadvantage in the event of an emergency situation.
What kind of advantages and disadvantages of using a credit card?
The main advantage - is that you're able to purchase items (up to your credit limit) - without having to hand over cash. The main disadvantage - is that you pay interest monthly on any outstanding balance (so purchases cost you more in the long-run).
What does creditor do when you apply for a credit card?
They check you credit rating with the 3 main credit bureaus.
What is the benefit of using no fee credit cards?
The main benefit of using no-fee credit cards is, that if one does not often make credit card purchases, one will not have to pay for the ongoing availability of a card only infrequently used. However, interest rates on such cards tend to be higher than those offered with a fee.
What is a credit card machine called?
A credit card machine may be called a credit card terminal. I have heard of people calling them other names, but this is the main one.Sources: Common Knowledge.
What are the disadvantages of having a secured credit card?
The main disadvantage to using a secured credit card in place of a traditional credit card is the fact that you have to have the money in advance for any purchase you want to make. While this is an advantage when considering your credit score, it is also a disadvantage in the event of an emergency situation.
What kind of advantages and disadvantages of using a credit card?
The main advantage - is that you're able to purchase items (up to your credit limit) - without having to hand over cash. The main disadvantage - is that you pay interest monthly on any outstanding balance (so purchases cost you more in the long-run).
What are the main uses for a credit card imprinter?
A credit card imprinter is capable of taking a carbon copy image of a credit card. Its main use is in situations where the magnetic strip is not recognized.
What is the benefit of virtual credit card processing?
The main advantage of using virtual credit card processing is its ability to detect fraud. Hackers don't generally use these cards as they expire in a short period of time.
What does creditor do when you apply for a credit card?
They check you credit rating with the 3 main credit bureaus.
What is the benefit of using no fee credit cards?
The main benefit of using no-fee credit cards is, that if one does not often make credit card purchases, one will not have to pay for the ongoing availability of a card only infrequently used. However, interest rates on such cards tend to be higher than those offered with a fee.
What is a credit card machine called?
A credit card machine may be called a credit card terminal. I have heard of people calling them other names, but this is the main one.Sources: Common Knowledge.
What age should one have to get an Icici credit card?
Someone can get an Icici credit card starting at age 18. Age should not be the main consideration when getting a credit card. Credit history and responsibility are important.
Credit card co signer?
i had a credit card in my name i was just a signer on it but i did use it can i get into trouble with the law for this i was given permission by the main card holder that i could use the card
What are some popular manufacturers of credit card readers?
The main manufacturers of credit card readers are Bar codes inc. and MagTek.
What does it mean when a credit card is encrypted?
an encrypted credit card is like a super secure credit card. encryption controls where the credit card number can be released, and so on. it just hides the number from the main database until the public key is found.
What are the main advantages offered by the BMI credit card?
Some of the main advantages that are offered by the BMI credit card are air miles or frequent flyer miles that can stack up with use. A rather extravagant plus to this service is the fact that with the BMI credit card, these air miles stack up faster than with the average credit card.
