Pages tagged creditcards:

5 Credit Card Company Tricks — and How to Thwart Them ∞ Get Rich Slowly
The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle - Executive Suite Blog -

an interesting blog post on how banks set credit card limits
Today, we are bailing out the banks because of their greedy and deceptive lending practices in the mortgage industry. But this is just the tip of the iceberg. More is coming, I’m sorry to say. Layoffs are being announced nationwide in the tens of thousands. As people begin to lose their jobs, they will not be able to pay their credit card bills either. And the banks will be back for more handouts.
The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle
How we reduced chargebacks by 30% (as a percentage of sales) - (37signals)
We’ve never had a lot of chargebacks (a chargeback is when a customer calls their credit card company to dispute a charge they don’t recognize), but last year we made a simple change that reduced our chargebacks by 30% as a percentage of sales. I can’t be certain the reduction is entirely due to this technique, but we didn’t change anything else related to how we deal with chargebacks.
008 I was thinking about how we could do a better job explaining a charge, but we were only allowed a limited number of characters on the customer’s billing statement. According to the merchant/card rules: Your company name/DBA section must be either 3, 7 or 12 characters and the product descriptor 4, 8 or 13 characters. That means we could do something like: 37signa*Basecamp IL or even…
If you don’t use a product descriptor (“Basecamp” or “Backpack”), you get 22 characters. So I decided to register, redirect it to, write up a page explaining why there’s a charge on your card, and put that URL on people’s charge slips instead of “37signals, LLC” or “Basecamp” or “Highrise” etc.
This is an interesting one for all of those who are accepting credit card payments online via their website. Chargebacks are the worst and EAT UP your profit. They came up with an interesting way to prevent 'em.
A great little bit of online business advice - having your line item charge on customers' credit card statements read as a URL they can use to identify what they're being charged for.
The Simple Dollar » A Step-by-Step Guide to Getting Your Credit Card Interest Rates Reduced
A personal finance blog focusing on ordinary people dealing with unprecedented levels of debt.
Understanding Credit Card Debt & Credit Card Late Fees | Blog | Personal Finance News & Advice | Blog | Personal Finance News & Advice
When used wisely, credit cards can be the cornerstone of a sound financial strategy. A solid credit history makes you a good credit risk and that in turn allows you to purchase the necessities of life. But credit cards can also be a slippery slope. One misstep and you’ll tumble into the abyss of credit card debt hell, a mounting spiral of missed payments, fees, high APRs, and rate increases that will take years to recover from. Only by remaining vigilant can you hope to avoid this fate. Here’s our guide to what you may experience on the way down.
mmm, reminds me to top mine up. oooh for real-time banking!
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