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American Express Blue Credit Card – Review

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The American Express Blue Credit Card is a cut above many of the other varieties of credit cards out on the market today. Absolutely loaded with advance features, it truly is a card for the tech savvy consumer. It truly is like no other credit card you will find in your wallet, and for many carrying the American Express Blue Credit Card allows them a certain piece of mind that they can’t find in any other card offering any low competitive interest rate. The American Express credit card comes with a low APR rate and no annual fee, but that is just the tip of the iceberg when it comes to reasons one should carry the American Express Blue Credit Card.

It has never been so simple and easy to manage your American Express Blue Credit Card account online. It is simple to view up-to-date billing information including payments made online and transaction charges 24/7. You can also receive automatic e-mail account alerts with your American Express Blue Credit Card. These alerts are offered to help you keep track of your account activity. The automatic e-mail updates help you avoid late payments, keep tabs of your credit line, and more.

Your Year-End Summary is also available online. The Year-End Summary of charges provides one with 24-hour access to an entire year’s worth of account information on your American Express Blue Credit Card. The useful and flexible features make organizing your personal expenses a breeze. You can even download a summary to print out. The Year-End Summary is an outstanding tool for getting your taxes ready and planning one’s budget.

The dedicated folks at American Express Blue Card customer service are there to handle your needs. Around the clock, 24/7 they are there for you. Simply call the number on the back of your American Express Blue Credit Card should you require assistance.

Around the clock, 24/7, American Express Customer Service is there to handle your needs with the kind of service that keeps cardmembers happy and loyal for years to come. For fast and speedy service, you can call the phone number on the back of your American Express Blue Credit Card.

The American Express Blue Credit Card also features a fee-free rewards program.You can easily earn points toward fantastic rewards from the places you like to buy from. Earning one point for virtually every dollar you charge with the American Express Blue Credit Card is easy. It is always easy to enroll in the membership rewards program for cardholders at the sign up page on the American Express website.

ExpressPay is also an exciting payment service you can access with your American Express Blue Credit Card account. ExpressPay makes it super easy to pay for all those everyday quick charges with a simple swipe. This feature of the American Express Blue Credit Card allows you make purchases without having to swipe your card. If in a dash to get somewhere all you have to do is hold up your American Express Blue Credit Card to the reader terminal next to the checkout. This allows you added safety as it exposes your details to far fewer strangers than that of many of the other credit cards. This process is already set up at thousands of locations nationwide. You can visit www.americanexpress.com/expresspay for more information.

Use cards sensibly to improve credit score

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The average Indian shopper today is likely to have at least two credit cards in his wallet. In fact this number has been on the rise with banks and credit card companies sending free lifetime credit cards with -attractive features’ to anyone who they think fits the bill. These cards sometimes come as a -surprise gift’. p>

As a customer you have the choice to use the card or return it. If you receive a credit card, which you had not asked for you just need to cut it into two and send it back to the bank, declining the offer.

The more cards you have the more tempted you will be to avail the offers on each of them and at some point in time discipline could give way to reckless spending leading you into a maze of spiralling debt before you realise what hit you.

For a spender who is not disciplined in prompt repayments, debt can mount in accelerated proportions.

If you use your credit card extensively or even if you use it once in a while, it would be prudent to access your credit report from Cibil (Credit Information Bureau (India) Limited). You can manually access your credit report by placing a request with Cibil, details of which are available at www.cibil.com.

Though currently you can pay for this report through Cibil’s online payment gateway, you cannot access your credit report online as of now but this will be enabled in future. Once you make your payment Cibil will send you a hard copy of your credit report to your postal address.

Having access to credit reports is a definite step for the genuine borrower with an excellent credit profile to increase his negotiating power. So, how can you ensure your credit report gives you this negotiating power?

Well, what can be the doom for a reckless spender can be an excellent tool for the disciplined borrower. It depends on how you use your credit card. This can be the single most important factor in improving and increasing your credit score.

Here are some pointers on what to do and what not to do in order to achieve this.
1. Judicious use: Making use of a credit card judiciously will help you improve your credit score. Just make sure to choose a card that is suited for you from a well known brand.

2. Low credit limit: Keep a tab on the credit limit of your card. Open a credit card account with a company that will provide you with the highest credit limit possible. High credit limits, even if they are not used, will add merit to your credit score and improve it.

3. Closing credit card accounts: The number of years you hold a credit card account has an impact on your credit scores. So keep your oldest credit and if you must close a card opt for the most recent cards and close them one at a time, maybe once a month over a period of time, as closing them too quickly could also affect your credit score as your available credit limit will take a dip in one go.

4. Bargain for a lower interest rate: If you have never defaulted on payment for a few years, make use of your good repayment track record and speak to the bank officials for a better bargain. Request them to lower your interest rate citing the good track record.

5. Request for hike in credit limit: The most recent card has the highest credit limit. The oldest card has the lowest credit limit. What do you do? In such instances, if you have a good repayment track record, approach the bank and negotiate for a higher credit limit especially since you have been their customer for quite a few years. Most banks will facilitate such a request. You can then go ahead and close your most recent card.

6. Keep a self imposed credit limit: Never exceed 40% of your credit limit. This has a beneficial effect on your credit score. This shows your credit limit is high but you have not burnt it up and have plenty in reserve. This logic helps you attain a much higher credit score. The same logic suggests you should not close any credit card accounts, as they collectively will provide you a high credit limit, which is good for the score.

7. Paying off credit card dues quickly: This will dramatically improve your credit score. Try not to accumulate too much credit card debt. Be wise and pay the dues quickly and keep rotating your cards. Paying off dues timely will spike your credit score.

Acing Any Credit Cards Instant Decision Process

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Today, when you apply for credit cards, instant decision algorithms tell you very quickly whether youve been accepted or not. The banks have tightened their credit card approvals process considerably since the financial crisis, though. The fact that instant decision systems exist, though, shouldnt lead you to think that passing a credit card verification process is simple.
Whether you choose to submit your application online or in person, the fact that youve applied appears on your credit report. You dont want to apply unless you feel that you have a good chance of being accepted.

Your first step in applying for a credit card should be to get a soft pre-verification check done. Many banks and other personal finance websites provide the service. A soft check doesnt pull your credit report it merely evaluates your chances of passing a proper credit card verification check with whatever information you are able to fill in.

If your pre-verification check seems less than certain about your chances, you need to do everything you can to improve your chances. Only then should you apply in earnest.

What Can You Do To Improve Your Chances?

The health of your credit file is an important part of how easily you pass an instant decision for a credit card. Before you fill out an application, it would be a good idea to check out your credit yourself and to build it up as well as you can. If you have missed payments recently, you should make sure that you pay regularly for a few months before you attempt to apply for a credit card.

Once You Have Worked On Your Credit Rating

To even begin to qualify for a credit card, you need to be a UK resident and at least 18 years of age (many banks require that applicants be 25 years of age). Depending on what kind of credit card you are applying for, a regular income and some financial history may also be required.

A part of your success passing a card application decision comes down to doing a good job providing accurate information on the form. Since the banks always ask for multiple documents to back up the information that you provide, any mistake that you make will be caught out. Keep documents on hand for the following.

Identification that shows your name, title and contact information

You will need details of your job on hand what your job title is, whether you are employed full-time or part-time, the name of your employer and the relevant contact information. The longer you have served with the same employer, the better your chances getting a good credit card someone with a steady job is considered a good bet.

Youll need to provide some financial information. You need proof of what your exact salary is and where your bank account is. You should have the name of the name of the bank that youve operated regularly for the longest time. A long banking record works in your favor.

You could need to provide details of any loans that you have to your name. You need to be careful not to omit any known loan. The credit card provider could easily verify the information that you provide.

Make Sure That You Apply For The Right Kind Of Credit Card

Many credit card applications end in rejection simply for the reason that applicants applying for cards aim far higher than they could ever qualify for. If you have an average income, for instance, it makes no sense applying for a high-end prestige card.

Sometimes, its the banks that choose a credit card for you. If you have good credit, a bank may approach you with an offer of a preapproved credit card. Even if you have a bank choosing a credit card for you, you still do need to check it out yourself to see if its the right card for your needs. Does it offer you a reasonable APR? Is the grace period a fair one? Are the rewards and balance transfer rules the right kind for your needs?

With todays credit cards, instant decision approvals make a process that used to be tedious and time-consuming easy and efficient. Its up to the consumer to use these offers responsibly.

How To Be Fixing Your Credit Quickly

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When you begin fixing your credit , your 1st step is to obtain your personal credit reports from the key credit reporting companies. When you’re dealing with your credit report, being not aware of things may do lots of damage. You need to review your credit report thoroughly and report the mistakes to the relevant agency. But before you try to be fixing your credit score, it is important for you to know the entries on your report.

When fixing your credit, you’ll need at least one credit card. And, if you find difficulty in getting a credit card due to your bad credit score, then you should be able to get a secured credit card. When you are issued a secured credit card, you need to deposit the amount that equals the limit on the card. Once you deposit the amount, your secured card can be used in the same way a regular credit card is used. With the regular use of this card, you’ll be able to be fixing your credit score.

Another crucial thing to do is to clear off your current balances on cards. The credit bureaus love to see balances of under 10 % and no higher than thirty percent of your available credit limit. Stay away from keeping high balances against your accounts as it wouldn’t help much in increasing your credit score.

Another method to improve your credit score is to get an installment loan. Get a small, personal loan from a local bank and make monthly payments, timely, until it is repaid. The point that you’re able to handle several types of credit is seen as a good sign in the eyes of the credit bureaus and helps you in fixing your credit scores.

Concentrate on your older credit accounts first when fixing your credit. Accounts that are older have more significance than your recent accounts. Try contacting creditors, they might be willing to drop a late payment or agree to re-age the account. When trying to be fixing your credit score every single small step matters.

It is crucial that you should not lose hope. Consider a credit counseling service, but be wary of paying someone to to be fixing your credit. When you make special efforts by keeping calm, it’s possible to increase your credit score. And, your efforts are certainly going to save you some respectable money in the form of interest fees.

What is online credit card processing

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Online credit card processing can be defined as the processing of any kind of credit card payment. An Online Credit Card Payment Processing company, usually referred to as a Payment Service Provider, will offer merchants online services for accepting payment online including credit and debit cards, direct debit, bank transfer and real-time bank transfers.

The history of credit card processing:

The earliest methods of credit card processing involved submitting credit card slips to a merchant processing bank by mail or by accessing an Automated Response Unit (ARU) by telephone.

These days the majority of credit card transactions are sent electronically to merchant processing banks for authorisation, capture and deposit. In all circumstances either the entire magnetic strip is read by a swipe through a credit card terminal/reader or the credit card information is manually entered into a credit card terminal, a computer or website.

Accepting credit card online payments:

The easiest way for businesses (merchants) to begin accepting online payments through their website is to open a merchant account with a Payment Service Provider (PSP)

A merchant account is a contract between the merchant and the PSP, without such a contract one cannot directly accept payments by any of the major credit card brands.

The reason that merchants need an account with a PSP is that any company wishing to accept online credit card payments need to process the credit card transactions through a payment gateway. The payment gateway service is provided by the PSP, some of whom will have their own payment gateway but the majority of PSPs use third party payment gateways.

The gateway usually has 2 components: a) the virtual terminal that can allow for a merchant to securely login and key in credit card numbers or b) have the website’s shopping-cart connect to the gateway via an API (Application Programming Interface) to allow for real time processing from the merchant’s website.

The fees charged by a PSP are usually dictated by the volume of transactions that are processed by the merchant e.g. the higher the volume the lower the rates. As well as a fee that is charged against each transaction most PSPs will impose a holdback charge. This charge is a set fee that is held by the PSP for a certain period of time, normally 180 days as security against any chargebacks.

PSPs will usually provide merchants with access to the payment gateways back office which allows merchants to view details about the transactions that have been processed including volumes, amounts etc.

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