Hyatt Credit Card

Hyatt are a global hospitality company with widely recognized, industry leading brands and a tradition of innovation developed over our more than fifty-year history. The mission is to provide authentic hospitality by making a difference in the lives of the people they touch every day. Hyatt focus on this mission in pursuit of their goal of becoming the most preferred brand in each segment that we serve for our associates, guests, and owners. The Hyatt support their mission and goal by adhering to a set of core values that characterizes our culture. They  manage, franchise, own and develop Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. As of December 31, 2013, the company's worldwide portfolio consisted of 549 properties.

Because of this background , the Hyatt credit card issued by them to make the consumers in having access easily to enjoy the comfort provided by the Hyatt directly. For those of you who love to travel, you can enjoy various types of facilities from various business branches are owned by the Hyatt , from the  USA, Canada and Caribbean, Asia/Pacific, Latin America, Europe, South West Asia, the Middle East.

As a Hyatt Credit Cardmember, you will enjoy Hyatt Gold Passport® Platinum membership for as long as you are a cardmember.1 Platinum membership provides you with a premium level of benefits at Hyatt properties, including:

20% off room rates with My Elite Rate.  Enjoy 20% off the daily rate on your paid stay for any standard room in 2014 (subject to availability).  Just book online at hyatt.com or by calling Hyatt Worldwide Reservations at 1-888-75-HYATT.2

In addition, your Hyatt Credit Card provides you with a unique opportunity to earn and maintain our highest level of membership—Diamond status—more easily. Simply spend the following amount each calendar year and we will award you with the following:3

Spend $20,000 and receive 2 stay credits and 5 night credits toward Diamond status.

Spend $40,000 and receive an additional 3 stay credits and 5 night credits toward Diamond status.

Diamond status is achieved by completing either 25 stays or 50 nights at a Hyatt property each calendar year, and affords you our most elite awards, including:

Exclusive access to the Regency Club or Grand Club lounge featuring complimentary continental breakfast and evening hors d’oeuvres.

Daily complimentary full breakfast in hotels without a club lounge.

Four suite upgrades per year on paid room nights at the time of reservation. 48-hour room guarantee. 4:00 p.m. late check out and more.

FREE AWARD NIGHTS

The Hyatt Credit Card not only makes it easier to earn more points that can be redeemed for free nights, it also treats you to award nights just for being a cardmember. Enjoy one free night every year you are a card member.

As our way of thanking you for having the Hyatt Credit Card, we’ll give you a free night in a standard room at any Category 1-4 property every year on your card member anniversary.

With more than 500 hotels and resorts to choose from, and 85% being a Category 1-4 property, you can celebrate in a new destination each year. 

Exclusive benefits with Platinum status as long as you’re a card member.* This includes a 15% point bonus on eligible spend, complimentary in-room Internet, 72-hour room guarantee, expedited check-in and a preferred reservation line.

No foreign transaction fees  save you money on international purchases. Plus, Chip-enabled technology brings you greater worldwide acceptance and advanced security.

Security benefits including Lost Luggage Reimbursement, Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver and Extended Warranty Protection.*

Annual Membership Fee : $0 Intro fee for the first year. After that, $75

POINTS CALCULATOR

Fill in what you spend and we’ll calculate the number of Hyatt Gold Passport points you can earn with the Hyatt Credit Card. Here are the system :

3 points per $1 spent at Hyatt Properties

2 points per $1 spent at restaurants, car rental agencies and airline tickets purchased from the airline directly

1 point per $1 spent on all other purchases

To know detail about the calculation click here

As usual, despite of the easiness  with which provided a credit card, there is an obligation that we have to full responsibility of the Hyatt Credit Card work.

Here are about the  Pricing and Terms :

PRICING INFORMATION & INTEREST RATES AND INTEREST CHARGES

Purchase Annual Percentage Rate (APR) : 15.99%. This APR will vary with the market based on the Prime Rate.a

Balance Transfer APR : 15.99%. This APR will vary with the market based on the Prime Rate.a

Cash Advance APR : 19.24%. This APR will vary with the market based on the Prime Rate.b

Overdraft Advance APR : 19.24%. This APR will vary with the market based on the Prime Rate.b

Penalty APR and When It Applies : Up to 29.99%. This APR will vary with the market based on the Prime Rate.c

The Penalty APR may be applicable to your Account if you: fail to make any Minimum Payment by the date and time due (late payment); or make a payment to us that is returned unpaid.

How Long Will the Penalty APR Apply: If your APRs are increased for any of these reasons, the Penalty APR may apply indefinitely.

How to Avoid Paying Interest on Purchases

Your due date will be a minimum of 21 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on balance transfers, cash advances, and overdraft advances on the transaction date.

Minimum Interest Charge : None

Fee

Balance Transfers : Either $5 or 3% of the amount of each transfer, whichever is greater.

Cash Advances : Either $10 or 3% of the amount of each transaction, whichever is greater.

Penalty Fees : Late Payment

Up to $15 if the balance is less than $100; up to $25 if the balance is $100 to less than $250; up to $35 if the balance is $250 or more.

Return Payment : Up to $35.

Return Check : None

Note: This account may not be eligible for balance transfers.

How Hyatt Credit Will Calculate Your Balance: We use the daily balance method (including new transactions).

Justice Credit Card

Justice & Brothers is the leader in fashion apparel and accessories for tween girls and boys, ages 7-14. Justice & Brothers celebrates everything “tween” through an extraordinary experience of fashion and fun.

To facilitate this purpose there Justice credit card as the payment method.The presence of online applications to make your shopping easier with a credit card.  Backed by the brand recognition of more than 900 retail stores, ShopJustice.com and ShopBrothers.com extends that experience online.

The issuer of the card is World Financial Network Bank (better known as WFFNB, which is owned by Comenity). The Justice card is a perfect example with its 24.99% APR.

Justice credit card provides convenience for you to shop at this store. There are :

Shoes : boots, sneakers, flats & dressy, sandals & flip flops, slippers, all shoes, web exclusives

Beauty : make-up & beauty kits, nail polish & kits, tools & brushes, body & bath, fragrance, anti-bac

Clothes : tops, sweaters, sweatshirts, graphic tees, outerwear, dresses, jeans, pants & joggers, sweatpants & yoga , leggings, skirts, shorts, active outfits, sports fan gear ,swimwear, dancewear & leotards, school uniforms, new arrivals, web exclusives, plus sizes, slim sizes.

Accessories : winter accessories, bags & luggage, backpacks & school supplies, jewelry , fashion, scarves & hats, hair accessories, socks & legwear, other accessories, new arrivals, web exclusives

Room & Toys : room decor, sleeping bags, stuffed animals, toys & crafts, dolls, 18" doll clothes, journals & writing, tech accessories, new arrivals, web exclusive, PJs, Bras & Panties, pajamas, robes, bras, panties, slippers & socks, new arrivals, web exclusives, oh-so soft collection, soft-n-comfy collection, cotton collection.

 You can see a fashion trend for children online and directly visiting the store is offline.This often happens because sometimes there are doubts regarding the size, it cannot be denied extremely fast growth experienced by children and teenagers.

The online system is provided by the Justice Credit Card enabling you to  know more early about the information on new bills, balance, payment due date and also for the go green purpose : saving the paper, of course.

The benefit for  Justice Credit Card holder are :

1. Receive 15% off your purchase at the time you apply and are approved* for a Justice credit card account.

2. Receive 15% off your next credit card purchase in the store and from www.shopjustice.com

3. Convenient minimum monthly payments

4. Additional cards to authorized users at no extra cost

5. Free annual fee

It is strongly recommended to you to use automatic payments online service for payment of credit card bills on time. Because if not, it will be a lot more extra charges and bills that will make your bad credit card records.

Fashion Bug Credit Card

Fashion Bug is one of a group of retail stores owned by Charming Shoppes and brands more property, which specialize in providing high quality fashion clothing for women size off. Many customers are faithful to the diversity Fashion Bug clothing available, and credit card Fashion Bug can help customers save money and get more affordable for their loyalty.

Fashion Bug is a popular retailer of plus size and misses clothing and also offers a store credit card. There are actually two versions of the card: the regular version and the premier version, which offers better rewards and a few additional perks.

The only people I would recommend the Fashion Bug credit card to are those who have really bad credit and can’t get approved for anything else – or – for those who spend thousands of dollars per year at Fashion Bug

People who apply for the Fashion Bug Credit Card are usually successful if they have an average to good credit score, and the rate of interest you get is not the lowest, but competitive enough. Standard APR for purchases is 24.99%. Late payment and returned payment fee is $35.

There are so many promotional offering for the customer. About 10 % of cash back and also free annual fee. For the payment method, it is better for us to link to the online payment. By clicking, we can always connected with the company support team.  We can check our account, balance, payment, even customize our credit card limit. Remember to be the wise credit card holder.

Sears Credit Card Payment

How to Make a Sears Card Payment Online

Making a payment to your Sears Card is easy using their online account access. When you create an online account with the Sears Card's financial institution (Citibank), you will have the opportunity to pay your bill over the Internet as well as have the option to enroll in paperless billing.

1.Go to www.SearsCard.com. This will take you to the Citibank site specifically for Sears Card holders.

2. Click on "Register" in the box on the left.

3.Key in your information from your Sears Card to verify that you are a Citibank cardholder and so you can access all the pertinent information pertaining to you card. This will also allow you to make payments to this specific card. This information will include the Sears Card account number, Social Security number (or at least the last 4 digits to verify your identity), the card's security code, your email address, and your billing zip code.

4.Press "Continue."

5.Insert pertinent information in corresponding fields such as full name, phone numbers, billing and mailing addresses, and any other applicable information.

6.Set up online payments by adding your checking account and routing numbers. This information can be found on the bottom of your personal checks.

Checking Account Number: The numbers located at the bottom near the middle of the checks. Your checking account number is the front number (usually a 10-digit number) in the series; the actual check number is the 4-digit number that follows this and is separated by a small symbol.

Routing Number: This is the number located on the bottom left hand side of your checks. This is usually a 9- digit number.

7.Create a username and password. Make sure these are both easy to remember, but also make sure the password is difficult enough to keep your account and all your information secure. The best way to do this is to choose a password that contains numbers, upper and lowercase letters, and symbols.

8.Add security questions to sign into your account with. This will heighten your safety and security for your online Sears Card account.

9.Complete your online account registration.

10.Enter your "User ID" and "Password" into the open fields on the left hand side of the Sears Card home page. Underneath where you type your password you will see a drop down menu. Click on the arrows and select "Make a Payment," then press the "Sign On" button.

11.Enter the amount you wish to pay in the designated fields. Choose the checking account you would like to use from the drop down menu. Key in the date in which you would like the payment to be processed then press "Continue."

12.Go over the details of the payment information. If all is correct, press "Make Payment." The payment should process on the selected date.

After you have registered by providing your account number and relevant personal information, you can log in using the user name and password you create.

Once logged in, you can view your account balance.You can also view statements and recent transactions, which can be sorted by date or amount. If you need access to older statements, you can order PDFs directly online and have them delivered to your online account messages folder. This is a great feature if you can't track down old account statements. You can also make payments online, view your payment history, and get information about interest and finance charges.

Article Source : WikiHow 

Furniture Row Credit Card

Every household would need furniture certainly. Maybe for the newly weds  simple home definitely need at least bed and wardrobe.  The need for home furnishings will increasingly grow in line with the growing number of residents and their needs off course.

Furniture Row Credit Card provides the convenience for us to have home furnishings,  such as sofas, wardrobes,beds, modern cookware, air conditioners, television. Generally all the daily family activities depend on the home furnishings and appliances.

Furniture Row Credit Card  is cooperating with several retailers of furniture such as  Sofa Mart, Oak Express, Bedroom Expressions, Denver Mattress and Furniture Row Outlet. This professional cooperation is making consumers more confidence to use this type of credit card for every purchase furniture for their homes.

The existence of this highly profitable relationships for all the party. Especially if it is accompanied by payment in installment program, the consumer is very helpful in the relief payment. For the merchant, their product  are very salable because of the supporting from the counter in marketing strategy indirectly.  Later, a third-party issuer of credit cards, of course, get the benefit from interest and fees obtained for any transactions.

Some well-known furniture suppliers such as Best Buy,Comp-USA, Costco, Menards, Mitsubishi, Saks, Sonyand Yamaha definitely benefited by the existence of this cooperation. With a variety of programs of professional finance management, make credit card performance growth is increasing slightly every year. Online application provided by Furniture Row Credit Card makes us easier to payoff this credit card bills. There are also some promotional offer within a specified time of up to 37 months installments with no interest charge. To get full information or offer either the consequences of payment makes us wiser in organizing our fund in order of calculate the credit card payment.

Capitol One Credit Cards

The Capitol One analyze the credit card holder performance . This classification  is based on the prospective cardholders track record of debt notes loan or previous credit card.According Capitol grouping cardholders based categories makes it easy for us as consumers to be more aware of our ability to responsible for the paying of our credit card bill on time.

This level is very beneficial for both the publishers and consumers.For credit card issuers, this classification will make the risk of default is smaller, so it does not harm their company.

The following categories of credit card holders based on The Capitol One level:

1. Excellent Credit

Do BOTH of these describe you?

I have never declared bankruptcy or defaulted on a loan. I have not been more than 60 days late on any credit card, medical bill, or loan in the last year. - AND -I have had a loan or credit card for 3 years or more with a credit limit above $5,000

2.  Average Credit

Do EITHER of these describe you?

I have defaulted on a loan in the past 5 years.- OR -I have limited credit history. I've had my own credit card or other credit for less than 3 years (including students, people new to the U.S., or authorized users on someone else's credit card).

3.Rebuilding Credit

Do EITHER of these describe you?

I have defaulted on a loan more than once - OR - I have been declined for a credit card in the last 3 months. 

If you know what the credit card holder level are you, you will know what is best credit card that The Capitol One offers for you. Here are the most popular credit card from The Capitol One :

a. Venture Reward

Credit Level : Excellent Credit. Reward : Unlimited 2 miles per dollar on every purchase.One-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months. Purchase APR : 13.9%-20.9% variable APR. Transfer Info : 13.9%-20.9% variable APR; No Transfer Fee. Annual Fee : $0 intro for the first year; $59 after that

b. Venture One Reward

Credit Level  : Excellent Credit. Reward : Unlimited 1.25 miles per dollar on every purchase. One-time bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months. Purchase APR : 0% intro APR until December 2015; 11.9%-19.9% variable APR after that.Transfer Info :11.9%-19.9% variable APR; No Transfer Fee. Annual Fee :$ 0 .

c. Quicksilver® Rewards

Credit Level : Excellent Credit. Earn unlimited 1.5% cash back on every purchase, plus a one-time $100 bonus/. Purchase Rate: 0% intro APR until September 2015; 12.9%-22.9% variable APR after that. Transfer Info: 0% intro APR until September 2015; 12.9%-22.9% variable APR after that; 3% fee on the amount transferred until September 2015. Annual Fee: $0

d. QuicksilverOne® Rewards

Credit Level :Average Credit. Earn unlimited 1.5% cash back on every purchase, every day. Purchase Rate: 0% intro APR until September 2015; 22.9% variable APR after that. Transfer Info: 0% intro APR until September 2015; 22.9% variable APR after that; No Transfer Fee. Annual Fee: $39.

e. Journey® Student Rewards

Credit Level :Average Credit. Build credit with responsible use and earn cash back. Purchase Rate:19.8% variable APR. Transfer Info:19.8% variable APR; No Transfer Fee. Annual Fee:$0 Annual fee.

f. Platinum Credit Card

Credit Level :Average Credit. Get the credit you need. Plus, enjoy a $0 intro annual fee for the first year; $19 after that.Purchase Rate:24.9% variable APR. Transfer Info:24.9% variable APR; No Transfer Fee. Annual Fee:$0 intro annual fee for the first year $19 after that.

g. Secured MasterCard®Credit Card

Credit Level : Rebuilding Credit . Build your credit with responsible use. Refundable deposit of $49, $99 or $200 required. Purchase Rate:22.9% variable APR. Transfer Info:22.9% variable APR; No Transfer Fee. Annual Fee:$29 Annual fee

h. Classic Platinum Credit Card

Put a little extra bounce in your wallet. Credit Level :Average Credit. Get the credit you need with a competitive rate. Purchase Rate:20.9% variable APR. Transfer Info:20.9% variable APR; No Transfer Fee. Annual Fee:$39 Annual fee

i. Platinum Prestige Credit Card

With a low intro APR and no annual fee, you could save a ton! Save money with a 0% intro APR on purchases and transfers. Credit Level : Excellent Credit. Purchase Rate: 0% intro APR until March 2016; 10.9%-18.9% variable APR after that. Transfer Info: 0% intro APR until March 2016; 10.9%-18.9% variable APR after that; 3% fee on the amount transferred until March 2016. Annual Fee: $0 

By knowing our level, the APR or calculate the credit card interest, the reward, and annual fee makes us wise to using the credit card that The Capitol One offers to us.  This information makes us easy to entering the data when using the credit card calculator to know detail about our credit card bill.

Sears Credit Card Login

The online access makes us easy to manage our money. If you have the sears credit card, you can Manage your Sears card account online--whenever it suits you.

Here are some benefit that the sears credit card online have :

1. View Your Account Summary

Get important account information at a glance, including your balance, current and past statements, available credit and payment due date.

2. Get Online Statements

Get immediate access to your statement online for up to 12 months in a variety of formats including PDF.

3. Review Account Activity

View your most recent activity online and sort by date, purchase and amount. Download your activity and create and download customized reports in a variety of formats.

4. View Your Payment History

Access your payment history to view online whenever you wish.

5. Make Online Payments

Pay your credit card bill online at your convenience and get credit as of that day as long as your payment request is received by 5 p.m. ET.

6. Request a Credit Limit Increase

Enjoy the flexibility and ease of requesting a Credit Limit increase online.

7. Request a Credit Balance Refund

If you are carrying a credit balance, you can request a refund via Account Online.

8. Organize Multiple Sears Credit Cards

If you have more than one Sears credit card, keep them organized for review in one place and use a single sign-on to access all your accounts.

9. Add Authorized Users

Easily add Authorized Users to your account through Account Online.

10. Request a Replacement Card

If your credit card is lost or stolen, you can easily order a replacement card through Account Online.

11. Paperless Statements

Help protect your identity and the environment, while reducing paper clutter by receiving your monthly statements online only. Receive regular email alerts each month when your statement is ready to view and download at your convenience.

12. Secure Message Center

Get account-related questions answered securely and privately through the Message Center.

To log in to the sears credit card online application, you  have to verify your Information first.

Please have your card available to activate it (if required) and/or register for online account management. All fields are required unless otherwise noted.

citibank.com

A.Card Number

B.Name on Card

C. Last 3 Digits on Signature Panel Please contact us if you don't have digits on the back of your card.

D. Last 4 Digits of Social Security Number must be the primary card holder's Social Security Number

After it successful registered, you can view your balance, statement, payment due date and recent transactions. It's already available to you, and it's free. Once you have your Sears card, register for Account Online.

Paying Credit Card Bill

How do you pay your credit cards each month? Automatic Debit from a bank account you have, internet banking, or pay directly to the bank. All it can do. Because whichever way you choose, the most important is the pursuit to make credit card bills are paid on time.

With so many benefits that can be received from the use of your credit card, as it is not subject to late fees (late charge), lower interest rates, credit rating and you are so much better. Because of late payment can affect your credit credibility, and could make it difficult for You to get loans in the future.

Here are a variety of ways credit card payment you can do;

Automatic Bill Pay

It is better if you have the credit card from the bank which you always save your money. One easy way to pay your credit cards is through automatically debit.. You just need to set up automatic debit payment dates set, and adjust with the due date of the credit card you have. That way, you will not be late to pay existing bills.

Directly to the credit card company's office

How this might be done if you have plenty of time to come directly to the office. Because it means you have to stand in line, and perform cash deposit to pay credit card bills that you have. That's the downside of this way. In addition you must also compete with time due to adjusted to the opening hours of the office, the payment in this way will also charge you a pretty fair administration.

Through the ATM

This is probably the way that many people use. Because to do just go to an ATM and credit card payment select menu. Distribution of ATM machines can be found anywhere, making this way more easy to do than how to pay directly to the bank. However, when the ATM you use is not the same with the issuing bank of the credit card you have, there will be administrative costs also for this way. If you make a payment through this way through ATM bank that does not match with your card statement, which has to be ascertained is the credit card number you entered in accordance with the credit card that you have.

Internet Banking

If you have already registered to access internet banking, this is an easy way that you can do. With the help of the token (an extra safety tool shaped like a calculator that generates a secret code to perform financial transactions in internet banking), you can safely do a credit card payment. Payment in this manner is usually directly within 24 hours, or there are also real time.

How Do Credit Cards Work

A credit card is probably the most common type  of private credit. Unlike the installment loan, credit card transactions allow repeated until the maximum credit limit, also known as your credit limit available.

Every time you use credit card, you borrow the money that you have to  pay back. If you decide to pay the money back over time, credit card companies  add the interest charges to your account. Each month, you will pay the amount calculated until the amount of the loan paid off.

Credit card does not give you a lot more money for free, but they change how you pay. Control your spending by knowing the costs. When using a credit card it means that you know that you are getting a loan.

Every time you do transaction by using the credit card, you borrow the money to pay you back later-well that month or over a period of months. .Credit will allow you to borrow and spend up to an agreed limit. You are then charged interest until such balance will be erased.

Your spending limit-or-credit limit will be determined by the provider and depending on the circumstances of your individual, considering factors such as income and credit history. Many people use the term "credit card" and "charge cards" interchangeably, but they are not the same. A charge cards require you to pay off your balance in full each month. A credit card allows you to carry a balance indefinitely as long as you make the minimum monthly payment.

The interest you pay will be agreed upon before you apply for your credit card. Remember-there may be a level that you see advertised as providers only need to offer this to 51 percent of the applicants were successful.

Each month you will be sent an itemized bill statement from everything that you've spent on the card. Most cards will come with a period of one month or more after the bills issued before interest is charged. If you always pay  the entire balance on time, you won't pay any interest. Interest-free grace period is different for each operator so check the terms and conditions. This can range from anywhere between 20 and 55 days.

Payment will not be through direct so make sure you leave enough time to avoid interest. It is suggested the simple way to you to use the auto debit system , so you can pay automatically on time from your saving.  

The card provider will have minimum payments that they need every month-this is usually a good amount of cash in a flat, or a percentage of the amount of your debt, whichever is highest.

When you use a credit card, it's really important to monitor activity on your account. Always keep your credit card receipts so that you can match them against your statement. If you find something that is incorrect, contact your card company immediately to resolve the issue. They can open an investigation with the merchants who charged you for something that you would like to dispute.

Make sure you understand what interest rates that you pay for any of your own credit account. Using credit responsibly include taking the time to go to every statement with a microscope so you watch out for fraudulent charges, fees, or unexpected changes on your interest rate.

Source : thisismoney.co.uk

Credit Card Repayment Calculator

Credit card is very practical for use anytime and anywhere. However, we must adjust our spending with our revenue. Therefore, before deciding to do transaction  with the credit cards, you should know this tool, Credit Card Repayment Calculator.

The Debt Repayment Calculator will show you how long it will take to pay off your credit card debt. Choose from making the minimum payment, a fixed amount of your choosing, or a time when you would prefer to be debt free

We can adjust how much monthly installment we are going to pay off for those bills.By using this tool, we can use a credit card wisely.It's easy, just fill the number of transaction that you want to do.

For example: 3000 $ is the value of a transaction that we would do with a credit card.

200 $ is the ability per month which you can pay

17.5% were of interest per year on your credit card

the annual fee is $ 50

If you do not know your credit card interest and annual fee, you can ask  the credit card issuer.

By using the credit card repayment calculator we will know that we can pay off our bills within the next 18 months and the total payment is $ 3510

mozo.com.au

Balance	Interest
3,000	50
2,844	44
2,685	85
2,524	124
2,361	161
2,196	196
2,028	228
1,857	257
1,684	284
1,509	309
1,331	331
1,50	350
967	367
781	381
593	393
401	401
10	410
0	410

Balance: $ 3000

Interest: $410

Annual fee (1.5 rounding = 2 years) = 2 x$ 50 = $100

Total: $ 3000 + $ 410 + $ 100 = $ 3510 in 18 month period of time, your credit card bill will be paid off.

Credit Card Number

Credit cards are very popular because of the easiness of transactions both online and offline, in the country even when we are travelling abroad. This facility is granted the easy  and comfort for our security transaction.  The safe transaction make people more confidence to make a transaction using a credit card. The company made the number on the credit card for the security reason. The numbers are arranged in a complicated algorithm to ensure security of access.

Most of the credit card using the Luhn algorithm.  Hans Peter Luhn algorithm designed a system to validate the various combinations of numbers for identification. Most of  all the products on the market, a security code of various documents, credit card numbers, coded pulses, cellular phones, etc.. that contains the rows of numbers using the check digit calculation algorithm system like this. System algorithms function checks the validity of a combination of digits numbers formed in it.

Here is the meaning of credit card numbers

A. The first digit mens the code for the type of credit card companies , also known as Major Industry Identifier (MII)

0 – ISO/TC 68 and other future industry assignments

1 – Airlines

2 – Airlines and other future industry assignments

3 – Travel and entertainment and banking/financial

4 – Banking and financial

5 – Banking and financial

6 – Merchandising and banking/financial

7 – Petroleum and other future industry assignments

8 – Healthcare, telecommunications and other future industry assignments

9 – National assignment

B. The first six digits are a code for the credit card companies, also known as Identification Number or IIN. We can find it easily on the credit card, such as :

VISA  : 4XXXX

Master Card : 51XXXX or 54XXXX

American Express : 34XXXX or 37XXXX

C.  The  seven and following digits identify the account number this is a random number which is a special number for each credit card holder.

D. The last only one number is the number of correct identity card checks. 

The right number  on the credit card indicates that the card is valid for use. Be careful to give the credit card number  for the transaction. Be wise and use credit card  on a trusted merchants.

CALCULATE CREDIT CARD INTEREST

Let’s face it that credit card seems like two sides of a coin. On one side we know that having a credit card is very important. It is a tool to make easy transaction even in foreign land with different currency. Credit card gives us benefits as we no longer need to carry lots amount of cash money wherever we go. On the other side, we've heard a lot about bad stereotypes of credit card making lots of people fall into big debt problem. Off course it does not make credit card a definite big evil as it is also really useful. What we need is a thorough knowledge about how credit card works and for what it’s worth, understanding credit card interest is what really important.

Understanding Credit Card Interest

Every time we make a transaction using our credit card, we actually taking a loan from the credit card company and just like any other loan, certain rate of interest is charged. The annual percentage rate of APR of credit card here in this country are varied between 12.99% and 29.99% depends on various conditions. But calculating how much interest to pay is really not that simple. Credit card is known for its rather sophisticated, if it is not complicated, ways of calculating the interest rate and the amount of interest to pay. This is what makes many people don’t really understand about their credit card. It can be quite sophisticated but still, it is not a rocket science so many of us can learn about it. These are steps to determine credit card actual interest rate:

Calculating Monthly Interest

For example, on the first day of 30-day period you have credit balance of $1000 while on the 11th day you make a payment of $300. The first step is to calculate the average daily balance. Given the circumstances, on the day 11 to 30 or the next 20 days, you only have $700 balance. The average daily balance will be:

(10 x 1000) + (20 x 700) = 24,000 (for 30-day period). The average daily balance = 24,000 / 30 = 800

The next step is to calculate periodic interest rate from the APR divided by 365 (days per year). Let’s say you have 15% APR, then your periodic interest rate will be:

0.15 / 365 = 0.00041

The next step to do is to multiply the periodic interest rate with average daily balance and the result is multiply with the number of days period:

0.00041 x 800 = 0.328       0.328 x 30 = 9.84

You amount of monthly interest is $9.84.

Learning from the Equation

With that simple calculation you can understand how much the interest to pay on a given circumstances allowing you to determine payment strategy to give you more benefits and to help you pay off credit card debt without burdening you with lots amount of interest at long term of payment. It you think you are not good in calculation, you don’t need to worry. There are many credit card calculator applications online to help you get the number easily.

Actually there is a big lesson we can take from this calculation. It is supposed to give you a picture that the faster you pay the debt, the fewer amount of interest to pay. The policy of minimum monthly payment seems to give us benefits while otherwise it is a trap to keep us on the debt for longer period making us to keep paying the interest.

Credit Card Calculator

Credit Card APR Calculator

What is an APR?

APR or Annual Percentage Rate is the interest that usually calculated in the yearly rate. Interest is applied every month until your debt is paid off. Determining your APR for any credit card is as simple as reading through statement is gave to you monthly. You must read the credit card agreement if you really want to understand the calculation which is affected to your credit line.

One card may have different APRs for each feature of the card. It depends on the type and the credit card limit. Not only the interest, your credit card monthly statement also includes the l fee and additional cost in the transaction.

Calculating the APR

The monthly periodic rate is the annual percentage rate divided by 12. The example below shows how the APR affects the cost of credit.

To determine the monthly periodic rate on a yearly APR of 15%:

15% ÷ 12 months = 1.25%

To calculate the finance charge using a monthly periodic rate, multiply:

Average Daily Balance x Monthly Periodic Rate = Monthly Finance Charge

(For this example, $200 is the account balance)

$200 x 1.25% = $2.50

Some cards use a daily periodic rate to calculate the finance charge. To get the daily periodic rate, you divide the APR by the number of days in the year (365).

To determine the daily periodic rate on a yearly APR of 15%:

15% ÷ 365 days = .04%

To calculate the finance charge using a daily periodic rate, multiply:

Average Daily Balance x Daily Periodic Rate x Days in the Cycle = Monthly Finance Charge

(For this example, $200 is the account balance)

$200 x .04% x 30 = $2.4

By knowing the APR calculation make you more wise to analyze the agreement. You may choose the lower of APR, the less fee and monthly administration so,  it is more easy for you to pay off the credit card monthly bill on time.

Credit Card Debt Negotiation

If you use a credit card in excess beyond your control, then you will be incurred by credit card debt which may be difficult for you to pay it off. The things you need to know is apparently a credit card company willing to negotiate with  you to solve the credit card bill debt problems.

 All you need are :

1. Ask for the lower interest rates. You may ask at least 2% under the average credit card interest rate per year. This way could be you asking by you if the credit card company calls you for late paying off the monthly billing of your credit card.

2. No administrative expenses for the credit card facilities that are sometimes not really important for you, indeed this is a mandatory requirement, but there are some credit card company willing to lower those costs.

3. If you don't pay your credit card bills yet, the credit card company likely will come directly to your address or contact you by phone and you can tell them that you can make payments with nominal amounts by installment way and in the longer time of period than specified. Generally this is successfully done because on behalf of credit card company  will be better received bit by bit from the bill payment than is not received at all.

4. Complete the payment with once payment only , for example you have a total bill of $ 1000 and you are willing to pay only 25% of it only, that is $250 and will not be using that credit cards again forever.

5. Get a written information that normally exists in the handbook which is given to us regarding the terms of payment of credit card bills. In fact if examine more detail many minimum fee that we can negotiate with the credit card provider. Even verbally any negotiations you can do by requesting fee under minimum fee that is written in the guide.

6. Find the Counselor from a trusted company that can directly negotiate with the team of the credit card company.

Payoff The Credit Card Debts With The Minimum Payment

If our credit cards debts was $ 5,000 (with no more additional debt during the repayment,  with a minimum payment of 2.5% or a minimum of $ 20, and with 17 % APR.

The calculation would be:

The minimum payout percentage = 2.5% x $ 500 = $ 125

In comparison, the $ 125 is higher than $ 20, then the credit card company will choose $ 125 as the minimum payment each month.

It will take you 32 months to pay off your debt, if you make minimum monthly payment on a balance without adding another debt , In that time, you will pay $ 122 in interest charge.

Month	Minimum	Principal	Interest	Remains	Total
	Payment ($)	Paid  ($)	Paid ($)	Balance ($)	Interest ($)
1	20	13	7	487	7
2	20	13	7	474	14
3	20	13	7	461	21
4	20	13	7	447	27
5	20	14	6	434	34
6	20	14	6	420	40
7	20	14	6	406	46
8	20	14	6	391	51
9	20	14	6	377	57
10	20	15	5	362	62
11	20	15	5	347	67
12	20	15	5	332	72
13	20	15	5	317	77
14	20	16	4	302	82
15	20	16	4	286	86
16	20	16	4	270	90
17	20	16	4	254	94
18	20	16	4	237	97
19	20	17	3	221	101
20	20	17	3	204	104
21	20	17	3	187	107
22	20	17	3	169	109
23	20	18	2	152	112
24	20	18	2	134	114
25	20	18	2	116	116
26	20	18	2	97	117
27	20	19	1	79	119
28	20	19	1	60	120
29	20	19	1	41	121
30	20	20	1	21	121
31	20	20	0	2	122
32	2	2	0	0	122