Credit card – Aadhar UID http://aadharuid.in/ Thu, 21 Oct 2021 19:32:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://aadharuid.in/wp-content/uploads/2021/10/Icon-120x120.png Credit card – Aadhar UID http://aadharuid.in/ 32 32 How long to pay off your credit card? https://aadharuid.in/how-long-to-pay-off-your-credit-card/ Thu, 21 Oct 2021 19:32:30 +0000 https://aadharuid.in/how-long-to-pay-off-your-credit-card/ If you could qualify for a $ 10,000 personal loan at 7% interest with a five-year repayment term, you could pay off all three credit cards. Your monthly payments would drop from $ 278 to $ 198. Your total repayment costs would be around $ 11,880 with the personal loan. And you would have paid […]]]>

If you could qualify for a $ 10,000 personal loan at 7% interest with a five-year repayment term, you could pay off all three credit cards. Your monthly payments would drop from $ 278 to $ 198. Your total repayment costs would be around $ 11,880 with the personal loan. And you would have paid off your loan in five years as long as you hadn’t missed any payments.

If you didn’t consolidate, your repayment time and total costs would vary depending on how much you decided to pay each month above the minimum and the order you decided to pay off the debt. So it would be less clear how long it would take to pay off credit card debt if you didn’t consolidate.

Do you have to pay a credit card all at once?

Whether you have a secured credit card or have unsecured debt, there’s usually no reason not to pay off the card all at once if you can afford it.

In fact, if you have a secured credit card and have made a fixed deposit, you might want to pay off the card ASAP if you hope to close the card and get back the deposit you made to qualify for it. This is especially true if you pay an annual fee and no longer need the card.

Paying off a credit card all at once won’t hurt your credit score until you close the account. (You’ll also avoid interest.) In fact, it can improve your score since you lower your credit utilization rate. This is the ratio of credit used over your credit limit.

If you are considering taking on a large loan, such as a car loan or mortgage, lump sum payment on credit card debt could help you earn a better rate on your loan.

However, you also need to be careful not to compromise your financial security by using all of your money to pay off credit card debt in a lump sum. You don’t want to drain your savings account and don’t have money for emergencies.

Does having a balance help your credit?

No, you don’t need to have a balance on your credit cards to develop a positive credit history. In fact, when you pay off your balance in full, lenders report a lower credit utilization rate with every credit bureau. Ideally, your ratio should be less than 30% to avoid hurting your score and risking poor credit. But a lower ratio is even better.

Your credit score is very important. Many companies you do business with will perform credit checks, including homeowners and lenders. If you have a good credit score or excellent credit and your credit report does not have any black spots, you will be eligible for better terms. For example, you may be able to rent an apartment with a lower security deposit or get a better loan rate.

The good news is, since paying off a card doesn’t hurt your credit, there’s no reason not to work on the refund. Now you know how long it takes to pay off a credit card. So you can adopt the technique that suits you best and get rid of your debt as quickly as possible.


Source link

]]>
Bank of America Business Advantage Customized Cash Rewards Credit Card Review https://aadharuid.in/bank-of-america-business-advantage-customized-cash-rewards-credit-card-review/ Thu, 21 Oct 2021 01:00:13 +0000 https://aadharuid.in/bank-of-america-business-advantage-customized-cash-rewards-credit-card-review/ Concert workers, freelancers, small business owners, and anyone starting a business should consider having a business credit card to separate their personal expenses from those related to the business. This Bank of America Business Advantage Customized Cash Rewards credit card review explores the card as an option. Even if you don’t have established business credit, […]]]>

Concert workers, freelancers, small business owners, and anyone starting a business should consider having a business credit card to separate their personal expenses from those related to the business. This Bank of America Business Advantage Customized Cash Rewards credit card review explores the card as an option.

Even if you don’t have established business credit, you can apply for and get a business credit card using your personal credit. The Bank of America Business Advantage Customized Cash Rewards credit card could earn you the most money when the bulk of your business spending occurs in one type of category.

bank-of-america-business-advantage-customized-cash-rewards-card-review.png

Bank of America

Before choosing a business credit card, weigh the pros and cons of each to compare.

Advantages:

  • Choose an expense category for a 3% higher reward rate

  • You can change the selected expense category each month

  • 0% introductory APR for the first nine survey cycles

  • Rewards do not expire

  • Some Bank of America Corporate Bank Account Holders May Get Higher Reward Rates

The inconvenients:

  • A 3% foreign transaction commission

  • The higher 2% and 3% reward categories revert to 1% after the first $ 50,000 spent.

Bank of America Business Advantage Custom Cash Rewards credit card overview

Here are some of the important features of the card:

  • Card type: Business cashback rewards Mastercard

  • How to earn rewards: Earn 3% cashback in a category of your choice and 2% cashback on meals for the first $ 50,000. All other categories, as well as purchases over $ 50,000 earn 1% cash back.

  • How to redeem rewards: Request a check or deposit to your Bank of America account or use it as a statement credit.

  • Approval bonus: Receive a $ 300 credit when you spend at least $ 3,000 within 90 days of approval.

  • Annual subscription: $ 0

  • APR: 0% APR intro for the first nine reading cycles, then 12.24% to 22.24% variable APR

  • Foreign transaction fees: 3%

  • Credit score: Good to excellent

  • Particularities:

    • Preferred Rewards business bank account holders can earn up to 5.25% on a chosen category, 3.5% on meals and 1.75% on other purchases.

    • Unlimited rewards

    • Compatible with Quickbooks

    • $ 100,000 in travel accident insurance and other travel protection

Bank of America Business Advantage Custom Cash Rewards Credit Card Review

Most Bank of America business cards are travel rewards cards. However, the Advantage Customized Cash Rewards card focuses on cashback.

Who may be eligible

This card is intended for business expenses. You will need to provide information about your business, such as the annual business income and tax ID number. However, a business can be interpreted in several ways. Home-based businesses, artisans, startups, freelancers, or people working as rideshare or delivery drivers may be eligible.

Approval depends on your personal credit score rather than that of your business. You will need good (or better) credit for the best chance of approval.

How to register

To request the Business Advantage personalized cash rewards card, complete the online application. Bank of America says the whole process should take about five to ten minutes, provided you have the following information:

  • The legal name of the company, the address

  • Federal tax identification number

  • Type of business entity (LLC, sole proprietorship, corporation)

  • Legal names, contact details, social security numbers and percentage of ownership for all business owners

  • Your personal Social Security number

  • Personal income information

How the card works

Once you are approved for the credit card, you will receive it in the mail within seven to ten business days. The card will display the company name you provided when requesting the card. You will have 90 days to spend at least $ 3,000 to earn a bonus of $ 300. Once you meet the conditions, Bank of America will apply the bonus to your card as a statement credit.

Before you start spending, set up your preferred category to earn 3% cashback. Keep in mind that you will automatically receive 2% discount on meals and 1% discount on all other purchases.

To designate a 3% return category, choose from:

  • Office supplies retailers

  • To travel

  • Gas

  • business consultancy

  • TV, wireless and telecom

  • IT services

You can change your categories from month to month, which can be useful if you have a large upcoming purchase that you want to receive higher cash rewards. If you do not select a category, gas purchases will be the default.

Keep in mind that spending more than $ 50,000 per year on catering or whatever category you choose will drop the rewards rate to 1%.

Relationship rate

If you already have a higher-level Bank of America business account, you could earn up to 75% additional cash rewards on your business card spending.

Card relationship reward rates increase up to:

Redeem cash rewards

Once you’re ready to redeem the rewards for cash, the options aren’t as extensive as other rewards cards. You’ll be able to:

Commercial features

A business credit card is advantageous because of the reports available to facilitate expense management and tax reporting. The Business Advantage Personalized Cash Rewards credit card integrates with QuickBooks. You can grant personalized access to users such as an accountant or sales manager to run reports. Finally, you can request an unlimited number of employee cards at no additional cost.

Security

Bank of America’s card security features aren’t innovative, but they are effective. Your card is monitored to detect and block unusual activity. As long as you immediately report suspicious transactions, you will enjoy zero liability protection for unauthorized transactions. In addition to the security features, the card comes with extended warranty coverage and protection against damage, theft or loss.

How to get help

If you need to contact customer service for assistance, Bank of America has two phone numbers for business card holders:

At the end of the line

The Bank of America Business Advantage Customized Cash Rewards credit card is a good credit card for businesses with high fuel expenses or who tend to make card purchases for a particular category. Cardholders will be able to choose a category each month, including fuel, office supplies or travel, to earn 3% cashback. Bank of America customers who have a business account with the bank may also benefit from higher reward rates depending on the account level.

Bank of America Business Advantage Customized Cash Rewards Credit Card FAQs

What Bank of America Business Advantage Personalized Cash Rewards categories can I choose from?

You can choose from the following categories to get 3% cashback. If you do not choose one, gas purchases will be the default option.

  • Office supplies

  • Gas

  • To travel

  • business consultancy

  • TV, wireless and telecom

  • IT services

Which business credit cards have the highest cash back rates?

The Bank of America Business Advantage Personalized Cash Rewards Credit Card has an above average reward rate of 3% on a category of your choice.

Other business cards offering high reward rates include the Ink Business Cash® credit card with 5% on certain categories and the American Express® Business Gold card which earns 4 times more points on purchases.

Does Bank of America check my business credit if I apply for a business credit card?

Bank of America Business Credit Cards check your personal credit score to approve or deny your request. Small businesses that have not yet established a trade credit history may still be eligible for a credit card. Keep in mind that your business card activity will be reported to consumer credit bureaus, which will ultimately affect your personal credit score rather than your business credit history.


Source link

]]>
Rules and laws relating to the processing of credit card payments https://aadharuid.in/rules-and-laws-relating-to-the-processing-of-credit-card-payments/ Tue, 19 Oct 2021 15:27:59 +0000 https://aadharuid.in/rules-and-laws-relating-to-the-processing-of-credit-card-payments/ Accepting credit cards can make a huge difference in your sales, whether you sell in person or online. For e-commerce, 90% of purchases are made by credit card. Since fewer people pay cash when shopping in stores, using a credit card is not only more convenient, it is often the only way to pay. However, […]]]>

Accepting credit cards can make a huge difference in your sales, whether you sell in person or online. For e-commerce, 90% of purchases are made by credit card. Since fewer people pay cash when shopping in stores, using a credit card is not only more convenient, it is often the only way to pay. However, there are several important rules and laws that you must follow once you start accepting credit cards. Here’s an overview of those rules and laws, how to comply with them, and how they will affect your chosen credit card processor and your operations.

PCI Data Security Standard

What is PCI DSS?

The Payment Card Industry Data Security Standard, or PCI DSS for short, is a global data security standard required of all businesses, regardless of size, that accept credit cards. PCI DSS and the Payment Application Data Security Standard (PA-DSS) are rules designed to reduce the incidence of credit card fraud.

PCI DSS and PA-DSS are enforced by the PCI Security Standards Council, an independent body created by the four major credit card brands.

Editor’s Note: Looking for the right credit card processors for your business? Complete the questionnaire below to have our supplier partners contact you regarding your needs.

What is PA-DSS?

PA-DSS requires that all point of sale (POS) equipment and terminals comply with PCI DSS standards. This means that if you have a point of sale system, the lion’s share of your PCI compliance is already handled by your point of sale hardware.

How to ensure PCI DSS compliance

To comply with PCI DSS, you must meet 12 requirements. The purpose of these requirements is to protect cardholder data from theft through data breaches.

  1. Install and maintain a firewall configuration to protect cardholder data.
  2. Do not use vendor-supplied defaults for system passwords and other security settings.
  3. Protect stored data.
  4. Encrypt transmission of cardholder data over open public networks.
  5. Use and regularly update the best antivirus software or programs.
  6. Develop and maintain secure systems and applications.
  7. Limit access to cardholder data based on business needs.
  8. Assign a unique identifier to each person who has access to the computer.
  9. Restrict physical access to cardholder data.
  10. Track and monitor all access to network resources and cardholder data.
  11. Regularly test security systems and processes.
  12. Maintain a policy that addresses information security for all staff.

These 12 standards must be continuously met and reported to ensure compliance.

Did you know?If you have a traditional merchant account opened with a bank or independent business, you will generally be responsible for your own PCI compliance.

What are the four levels of PCI compliance?

There are four PCI compliance levels based on your company’s annual credit card payment volume, each with their own validation requirements.

PCI level 1

This applies to businesses that process over 6 million credit card transactions per year.

  • Annual Compliance Report (ROC) by Qualified Security Assessor (QSA) or Internal Auditor (external or internal trained individuals certified to review payment transaction systems and assess and validate compliance)
  • Quarterly network scan by an Authorized Analysis Provider (ASV), a company with commercial software that scans and performs certified vulnerability scans on company systems and networks
  • Certificate of compliance form

PCI level 2

This applies to businesses that process 1 to 6 million credit card transactions per year.

  • Annual self-assessment questionnaire
  • Quarter network scan by an ASV
  • Certificate of compliance form

PCI level 3

This applies to businesses that process 20,000 to 1 million credit card transactions per year.

  • Annual self-assessment questionnaire
  • Quarter network scan by an ASV
  • Certificate of compliance form

PCI level 4

This applies to businesses that process up to 20,000 e-commerce payments or up to 1 million payments through other channels.

  • Annual self-assessment questionnaire recommended, but not mandatory
  • Quarter network scan by an ASV, if applicable
  • Compliance validation requirements put in place by the investment bank

for your informationFOR YOUR INFORMATION: If you fail to comply with PCI standards, your business can face hefty fines.

Alternatives to managing your own PCI compliance

You might think you can’t do all of this, but the good news is, you have another option to stay compliant. The best credit card payment processors are fully PCI compliant. There is usually an additional charge for this, which averages out at $ 100 per year. If you choose to do it yourself and it turns out to be non-compliant, many credit card processors will charge you expensive monthly PCI non-compliance fees.

PCI Compliant Credit Card Processors

Additional credit card processing regulators

The PCI Security Standards Council is the only credit card processing regulator you know about. Some of the rules are developed by industry organizations, while others are laws passed by the federal government.

Network of card associations

The Card Association Network is an industry group that includes the four major brands of credit cards: Visa, Mastercard, Discover and American Express. They set and manage the interchange rates, the purchase percentage and the amount per transaction you pay to be able to accept each type of card.

The interchange rate is one of the costs involved in processing credit cards, with the remainder set and paid to your credit card processing company, merchant account provider, and payment gateway provider. You will not be dealing directly with the Card Association Network, as their interchange fees are passed to you through your credit card processing company.

National Association of Automated Clearing Houses

The National Automated Clearinghouse Association (Nacha) is the organization that governs ACH transactions and the network they use. ACH transactions include direct deposits and direct payments from bank accounts and credit unions.

Government of the United States

The IRS, the federal tax collection agency, has a rule requiring businesses to report credit card payments. Congress also passed legislation limiting the interchange rates charged by the Card Association Network, which affects business owners.

Additional Credit Card Processing Rules and Laws

Durbin Amendment

The Durbin Amendment is part of the Dodd-Frank Act passed by Congress in 2010. Its purpose is to protect consumers by reducing interchange fees on debit card transactions, which present the lowest risk of fraud. and, therefore, according to lawmakers, should be much less expensive than riskier transactions. On a $ 38 debit transaction, the interchange fee before the Durbin Amendment was around 44 cents. With the passage of the law, debit card transaction rates were capped at 22 cents per transaction plus 0.05% of the purchase price. So for the same $ 38 debit transaction, the maximum interchange fee would be around 24 cents.

However, the unintended consequence is that companies with many smaller transactions end up paying more fees. Prior to the Durbin Amendment, card issuers based their interchange rate on a sliding scale, so merchants paid lower fees for small purchases. After the Durbin Amendment, they moved on to charging the maximum amount on each transaction.

IRS Mandate

Since the IRS taxes business income, it wants to keep track of all inbound sales, not just those paid in cash or by check. To this end, the IRS created a rule called Section 6050W, also known as IRS Mandate, which requires merchant service providers to specifically report to the IRS their clients’ annual gross transactions processed with a credit or debit card. or a third-party network.

Businesses are required to provide their merchant service provider with their tax identification number to facilitate reporting. If you do not, or if the IRS informs the merchant service provider that there is a discrepancy between your reported income and your actual income, the merchant service provider is required to withhold tax on your future income from. credit card.

Nacha

You are most likely to be affected by Nacha regulations if you have an e-commerce business, as many online businesses accept direct payments in addition to credit cards. However, any business that accepts ACH payments must adhere to these rules, which include the following:

  • Use only secure web forms and encrypted emails to transmit sensitive information
  • Securely store hard copies with sensitive customer data
  • Validation of customer routing numbers
  • Verify the identity of customers by verifying driver’s licenses using a third-party verification service, depositing test amounts into the customer’s bank account, or asking the customer to log in with a username and password outmoded

A new Nacha complementary data security rule, which came into effect in June 2021, requires companies that process at least 2 million ACH transactions per year to encrypt payment information on their IT systems at rest (not transmitted to a financial institution). ). Businesses with less than 2 million ACH transactions per year are not subject to the new rule but are encouraged to comply anyway. The rule applies to both consumer and business ACH data, as well as paper authorizations scanned with consumer payment account data.


Source link

]]>
Learn how to get the most from your credit card https://aadharuid.in/learn-how-to-get-the-most-from-your-credit-card/ Sat, 16 Oct 2021 12:47:00 +0000 https://aadharuid.in/learn-how-to-get-the-most-from-your-credit-card/ Credit cards have a split personality. Pay off your entire balance on time each month and it’s the cheapest form of credit. But if you miss a payment, or even if you only pay the minimum, you will end up paying the highest penalties and interest in the bank. The minimum repayment amount is dimensioned […]]]>

Credit cards have a split personality. Pay off your entire balance on time each month and it’s the cheapest form of credit. But if you miss a payment, or even if you only pay the minimum, you will end up paying the highest penalties and interest in the bank.

The minimum repayment amount is dimensioned in such a way as to cover most of the interest and not to encroach too much on the capital.

You pay it on time and they don’t give you any penalties, but they charge you up to 26.6% on that big sliding balance. And that’s how they make money.

If you have a lot of credit card debt, it’s worth checking out the Competition and Consumer Protection Commission credit card calculator. This will tell you how long it will take you to pay off your card.

For example: suppose you have a balance of $ 1,000 and you pay off $ 50 per month at a rate of 22.9% – which is the APR on purchases currently billed by AIB’s Mastercard and Visa, and by Avant Money, Chill Money and the An Post Money credit card.

At this rate, and assuming you stop using your card, you won’t have paid off the debt for two years and two months. And the total amount you will end up paying will be around $ 1,270.

If you double your repayment amount to $ 100, you’ll have the debt cleared in a year, and you’ll save $ 150 in interest.

Switching options

You can also switch to a credit card with a lower interest rate. There are now a plethora of new entrants to the market, several of which are offering great deals on balance transfers.

The best of them comes from Ulster Bank’s Black Credit Card. Ulster Bank is due to close the doors to new applications from the end of this month, but it is still possible to apply for a card, which will give you 0% on balance transfers for a full year. Once this grace period has elapsed, the interest rate climbs to 13.9%. It’s high, but it’s actually one of the lowest interest rates on credit cards.

To benefit from this card, you must earn at least € 40,000 and be over 18 years old.

The An Post Money credit card also offers 0% on balance transfers for a full year. But once the grace period has elapsed, an APR of 22.9% applies to purchases. This is one of the highest rates charged in the Irish market.

Once you change, you’ll need to make sure you close your old account, and when you do, you’ll need to increase the $ 30 stamp duty the government charges each year on each credit card account. To make sure you won’t be charged the same fees on your new card, ask your old provider for a closing letter, which you then forward to the new company.

Possibility of loan

You could take a loan from a credit union to pay off the card. Interest rates on credit union loans cannot exceed 12.68% APR, and at the moment the average rate across the country is 10.59% APR.

There are a lot of people who save and keep large credit card balances at the same time. Deposit rates are miserable right now; if you have a few thousand dollars in the bank and at the same time you have a credit card debt of 1000 €, even if it is at the lowest credit card rate at the moment (visa AIB CLICK 13.8 %), you’ll still save a bundle just by paying off the card.

For those who are struggling with a lot of credit card debt, the first step is to stop using the card. Simple, but not always easy, especially if you’re a slave to impulse buying.

The other obvious tip is to pay as much as you can each month. In addition to getting rid of debt faster, you will also lower the total cost of credit.

It also doesn’t hurt to just ask your credit card provider to reduce the rate you pay for a certain period of time. Tell them you’re going to leave unless they do something about it. You would be surprised what a little haggling can do for you.

If you just can’t do without the card, try lowering your credit card limit and don’t miss any refunds or underpay minimum amounts. The penalties for doing so are cruel, while late payments can show up in your credit history. Consider setting up a standing order or direct debit.

Withdrawal of money

The other cardinal rule is not to use the card to withdraw money. Interest rates are high, the interest itself hits your account from the time you withdraw the money, and there is a cash advance fee as well.

AIB, for example, charges a commission of 1.5% on all cash withdrawals, with a minimum withdrawal of € 1.90. KBC charges the same. Bank of Ireland also takes 1.5% of the cash amount, with a minimum of € 2.54.

Also note that if you use your card to finance your vacation, your credit card issuer charges a hefty commission every time you use your card for a transaction other than euros.

The AIB Visa, for example, takes 1.75% of the value of the transaction in Europe (countries outside the euro only) and 2.75% in the rest of the world. Bank of Ireland charges a cross-border processing fee of 2.25% of the transaction.

The Competition and Consumer Protection Commission also advises that if you have Payment Protection Insurance (PPI) on your credit card, check to see if it’s really worth it. The PPI typically only covers the minimum repayment amount for a limited period of time and is charged as a percentage of your outstanding balance, so the more you owe, the more you pay for it.

If none of these solutions work and the debt has become unmanageable, contact the Financial Advisory and Budgeting Service (MABS).

Credit cards: who bills what


Card APR on purchases, interest on cash withdrawals, introductory rate on balance transfers


AIB beMasterCard 22.9%, 19.68%, 3.83% for 12 months


AIB beVisa 22.9%, 19.68%, 3.83% for 12 months


Visa CLIC AIB 13.8%, 19.68%, none


AIB Platinum Visa 17%, 19.68%, 3.83% for 12 months


A money post 22.9%, 16.8%, 0% for 12 months


Before money one 22.9%, 16.8%, 0% for 6 months


Money Reward + advantage 22.9%, 16.8%, 0% for 2 months


BOI Aer card 26.6%, 21.36%, 0% for 7 months


BOI Classic Card 22.1%, 21.36%, 0% for 7 months


BOI Platinum Card 19.6%, 19.89%, 0% for 7 months


Cool the money 22.9%, 16.8%, 0% for 9 months


KBC credit card 18.25%, 20%, 0% for 6 months


PTSB Ice Visa 22.53%, 22.46%, 0% for 6 months


UB Black MasterCard 16.1%, 13.9%, 0% for 12 months

Data courtesy of the Competition and Consumer Protection Commission. See consumerhelp.ie


Source link

]]>
Tattooed couple take stolen credit card while shopping: Olmsted Falls police blotter https://aadharuid.in/tattooed-couple-take-stolen-credit-card-while-shopping-olmsted-falls-police-blotter/ Fri, 15 Oct 2021 17:04:00 +0000 https://aadharuid.in/tattooed-couple-take-stolen-credit-card-while-shopping-olmsted-falls-police-blotter/ OLMSTED FALLS, Ohio Fraud: East River Road A resident called the police at 6:11 p.m. on October 13 to say that someone had taken a credit card from his mailbox and activated it, charging him $ 1,100. He was reimbursed for that money. However, he had just seen the thief walking on Sprague Road towards […]]]>

OLMSTED FALLS, Ohio

Fraud: East River Road

A resident called the police at 6:11 p.m. on October 13 to say that someone had taken a credit card from his mailbox and activated it, charging him $ 1,100. He was reimbursed for that money.

However, he had just seen the thief walking on Sprague Road towards Columbia Road. The caller said the woman is in her 30s and has blonde hair and a long sleeve tattoo on her arm. He recognized her from a video he watched when she used his card.

She was with a man in his forties who has tattoos on his neck and legs. He was riding a bike at the time.

He said they were driving a car that lacked the passenger’s right rear hubcaps. He believes they live in the area.

Flight: Columbia Road

An officer spoke to a resident on October 8 about a theft from her car on September 29.

Wellness check: Columbia Road

Police received a call at 8:11 p.m. on October 8 about adults walking on the tracks. The group has been advised to stay off the slopes.

Parked car: Bagley Road

An officer checked a parked car at 12:49 a.m. on October 9. There were about four or five teenagers playing on the basketball court. They have been informed of the park’s opening hours.

Disturbance: Mill Street

Police received a complaint at 10:08 p.m. on October 9 that a wedding was still playing loud music. An officer informed the celebrants of the situation. They ended the festivities for the night.

Reckless Operation: Columbia Road

Police received a complaint at 10:23 pm on October 9 about motorcycles “burnout” in a parking lot. The two motorcyclists had left the scene when an officer arrived.

Sound disturbance: Cranage path

A resident called at 7:38 a.m. on October 10 to say that construction workers at a house on Clark Street already had equipment running. The caller wants the early morning noise to stop. The caller said the beep on the backhoe was very loud.

An officer arrived and found that the crew had already loaded the equipment and were on their way.

Traffic stop: Lindbergh Boulevard

An officer at 10 a.m. on October 11 cited a motorist for speeding.

Suspicious car: Devonshire Drive

A resident wanted to speak to an officer at 3:29 p.m. on October 11 about a car that has parked near his home in recent days. When the resident asked the driver what he was doing, he replied, “Real estate agent stuff”.

Traffic stop: Falls Pointe Drive

An officer cited two motorists for speeding on the morning of October 12.

Traffic stop: Cranage road

A motorist received a speeding ticket at 11:30 a.m. on October 12.

Read more of the Sun Post Herald.


Source link

]]>
8 Times to Rethink Request a Credit Card Product Change | Personal finance https://aadharuid.in/8-times-to-rethink-request-a-credit-card-product-change-personal-finance/ Thu, 14 Oct 2021 15:54:23 +0000 https://aadharuid.in/8-times-to-rethink-request-a-credit-card-product-change-personal-finance/ While it is possible to perform a debt balance transfer to a new card with an introductory 0% APR option, this is not possible if you are making a product change. This is because credit card issuers do not allow debt transfer among their products. So if you want a card that offers a 0% […]]]>

While it is possible to perform a debt balance transfer to a new card with an introductory 0% APR option, this is not possible if you are making a product change. This is because credit card issuers do not allow debt transfer among their products. So if you want a card that offers a 0% APR period on a balance transfer, it will have to come from another credit card issuer.

5. You will lose your rewards

In some cases, you can replace your credit card with another and keep your rewards balance intact. But other times, you might face the loss of all of your accumulated rewards if you no longer hold that credit card. Be sure to ask the issuer to clarify all rules and restrictions when inquiring about a product change.

6. You want to enter (or leave) a “family” of cards

Many credit card issuers offer a range of cards that all earn the same “currency” of rewards. Chase, for example, has several cards that earn Ultimate Rewards® points. Citi has several cards that earn ThankYou points; American Express offers a family of cards that allow you to earn Membership Rewards; and Wells Fargo offers Go Far rewards on many of its cards.

In most cases, you will need to switch your credit card product to another card within the same rewards family. For example, you cannot replace a Chase card that earns Ultimate Rewards® with a co-branded Chase card. In another example, you will not be able to change an American Express card that earns Membership Rewards points to a card that earns money.


Source link

]]>
Are you a credit card user? Here are 5 reasons why you should keep an eye on your credit card statement https://aadharuid.in/are-you-a-credit-card-user-here-are-5-reasons-why-you-should-keep-an-eye-on-your-credit-card-statement/ Wed, 13 Oct 2021 16:05:03 +0000 https://aadharuid.in/are-you-a-credit-card-user-here-are-5-reasons-why-you-should-keep-an-eye-on-your-credit-card-statement/ New Delhi | Jagran Business Office: The credit card is a very important form of payment these days. It allows cardholders to borrow funds from a pre-approved limit to pay for their purchases. Credit cards also help build customer credit ratings. It improves the civilians of the people which is helpful in obtaining a loan. […]]]>

New Delhi | Jagran Business Office: The credit card is a very important form of payment these days. It allows cardholders to borrow funds from a pre-approved limit to pay for their purchases. Credit cards also help build customer credit ratings. It improves the civilians of the people which is helpful in obtaining a loan. Being so important, customers have to frequently check their credit card statements.

A credit card statement is a summary of how you used your credit card for a billing period. Statements are filled with terms, numbers, and percentages that play a role in calculating your total credit card balance. To be a responsible credit card user, it is important to read all the fine print and understand the numbers and terms on the statement. If you don’t, you could end up with more credit card debt than you can handle. By doing this, they can find out how and where they used the card before paying the amount owed. In addition, according to experts, the statement helps customers maintain their credit scores.

Here is an overview of a few things cardholders should check on their card statements.

1. Transaction fees

Users should carefully check the additional transaction fees that accompany the credit card bill. Often, banks charge a fee for expenses above the prescribed limit. They can also charge interest on the unpaid amount.

2. Credit limit

The statement can help users know their available credit limit and total outstandings. The total amount includes any IMEs they need to pay as well as any charges taken in the billing cycle.

3. Balance of rewards

Cardholders must use accumulated reward points before they run out. The statement also includes new offers available on the credit card that may be of benefit to users.

4. Policy change

Any changes to the terms and conditions of the credit card contract can be tracked through the monthly statement. It helps you stay up to date.

5. Unrecognized transactions

In the age of rapid cybercrime, anyone can fall prey to phishing. By examining the transaction, the user can identify whether an unrecognized transaction has taken place or not.

Posted by: Sugandha Jha


Source link

]]>
Ryanair bans customers who received credit card refunds during pandemic unless they settle ‘unpaid debt’ https://aadharuid.in/ryanair-bans-customers-who-received-credit-card-refunds-during-pandemic-unless-they-settle-unpaid-debt/ Tue, 12 Oct 2021 10:11:00 +0000 https://aadharuid.in/ryanair-bans-customers-who-received-credit-card-refunds-during-pandemic-unless-they-settle-unpaid-debt/ Ryanair has decided to ban customers who have received “illegal” refunds for flights they did not take advantage of during the pandemic from traveling with them, unless they “settle their unpaid debt”. Reports have emerged that customers who have booked flights with Ryanair during Covid-19 travel restrictions, and who subsequently requested refunds via ‘chargebacks’ on […]]]>

Ryanair has decided to ban customers who have received “illegal” refunds for flights they did not take advantage of during the pandemic from traveling with them, unless they “settle their unpaid debt”.

Reports have emerged that customers who have booked flights with Ryanair during Covid-19 travel restrictions, and who subsequently requested refunds via ‘chargebacks’ on their credit cards, will no longer be allowed to travel with the airline unless they return the money.

Chargeback occurs when a customer requests a refund from their credit or debit card company for a service not provided, and it is billed to the retailer’s bank.

The affected flights were not canceled, but customers requested refunds because they felt they could not travel due to various travel restrictions in Europe.

Analysis from MoneySavingExpert.com found that “dozens” of customers said they were not allowed to enjoy flights they had already booked with the airline after receiving refunds through their credit card companies.

Customers were able to book and pay for their flights normally and were only alerted to Ryanair’s refund requests when trying to check in or change a booking. Ryanair offered to reimburse subsequent flights if the customer was unwilling to reimburse the chargeback and effectively lift their travel ban.

Ryanair said that millions of customers, “who have asked Ryanair directly for refunds” are not affected by the latest measure, but customers who have processed refunds through their credit card companies for refunds. flights operated as scheduled will have to return the refund in order to fly with them again.

“There is a tiny minority of passengers who have purchased non-refundable tickets on Ryanair flights that performed as expected during Covid-19 but who chose not to travel and then illegally processed chargebacks through their credit card company. credit, ”said a Ryanair spokesperson.

“These few passengers will have to settle their unpaid debt before they can fly with Ryanair again. This regretted restriction only applies to a tiny fraction of the 150 million Ryanair passengers each year who have chosen to illegally terminate their booking agreements with us, ”the spokesperson said.


Source link

]]>
Why You May Be Charged With Credit Card Fees You Didn’t Pay – And How To Avoid It https://aadharuid.in/why-you-may-be-charged-with-credit-card-fees-you-didnt-pay-and-how-to-avoid-it/ Mon, 11 Oct 2021 04:00:00 +0000 https://aadharuid.in/why-you-may-be-charged-with-credit-card-fees-you-didnt-pay-and-how-to-avoid-it/ Imagine connecting a credit card to a game on your kid’s phone for convenience. A few weeks later, you find that thousands of charges have been processed on your card within days. Your child may not be aware that they have authorized these charges while playing a game. It is also possible that the account […]]]>

Imagine connecting a credit card to a game on your kid’s phone for convenience. A few weeks later, you find that thousands of charges have been processed on your card within days.

Your child may not be aware that they have authorized these charges while playing a game. It is also possible that the account on the game has been the target of fraud. Either way, now you are faced with a huge credit card bill.

Pay or dispute?

Believe it or not, this situation is incredibly common. In fact, a recent story in BBC News featured a family whose child spent around $ 3,700 on a game called Hidden Artifacts. Another testimony explained how a 10-year-old girl racked up $ 7,200 in Roblox charges on her phone during COVID-19 lockdowns.

In some cases, it can be difficult to know if a charge is unauthorized or “fraudulent”, or if it’s your problem to fix. Bankrate spoke to several credit experts to find out how consumers can tell the difference and how they can protect themselves.

What is unauthorized debit?

Generally speaking, an unauthorized credit card debit is a debit that you did not make and for which you have no explanation. Many times, unauthorized charges are discovered when a person goes through their credit card statements and notices charges that they did not make. For example, you might see a purchase from a store you’ve never been to, or notice repeated charges that you don’t even recognize.

“In this case, someone has your account number and used it without authorization,” says Beverly Harzog, credit card expert and consumer credit analyst for US News & World Report. That’s why Harzog and other experts agree that it’s a great idea for consumers to check their credit card statements often.

Most credit cards come with liability protection against such situations. This built-in fraud protection is one of the main advantages of using credit in the first place.

Friend, the child uses the map

That said, there is still a gray area when it comes to unauthorized use of credit cards. What if a friend borrows your credit card to make a specific purchase and then purchases other items that you never accepted?

According to Rod Griffin, senior director of consumer education at Experian, consumers who allow someone to use their credit card make a deal between themselves and that person.

If the person is using the account for purchases that you haven’t specifically approved, it’s up to you and them to pay for it, he says. “They were allowed to use the card under contract.”

In general, Griffin says, you should never let someone borrow your credit card because you risk that scenario if you do. You take responsibility for everything they buy, whether or not you like their choices.

Credit expert John Ulzheimer, formerly of Equifax and FICO, says you are ultimately responsible for the use of your card unless you contact the card issuer and the claim charges are fraudulent . Even then, he says, the card issuer may not conclude that these were fraudulent charges because you intentionally let someone else use the account.

But what if your child uses your card without your knowledge or even, as in the examples above, without their knowledge? A child who uses your card without your knowledge is not the same as lending your card to a friend or family member who is taking liberties. But according to Griffin, that still doesn’t count as an unauthorized charge. Ultimately, you have a legal responsibility to ensure that the card is not used by someone who shouldn’t have it.“You are responsible for your child, not the bank,” Griffin says. “If they have the card and use it to make purchases like it’s you… whether or not you gave them permission to do so… the charge is still valid under your contract with them.”

Even so, your lender may be willing to work with you and forgive you for the charges. “You can always ask,” Griffin says.

Dispute unauthorized charges

Suppose you add your credit information to one of your kid’s games and a hacker can access your account information from there. Once they have your card details, they quickly rack up thousands of dollars in fees.

In this case, purchases are absolutely not allowed. As a result, you can dispute the charge with your card issuer, who will initiate an investigation. While they are verifying your claim, the issuer will usually credit the charges to your account temporarily.

The process for contesting charges is relatively straightforward. You can call your card issuer using the number on the back of your card. Some card issuers also offer an online dispute process. Be prepared to share information about the amount and date of unauthorized charges, as well as any other details you have.

If the card issuer suspects that thieves have got hold of your account number, they will likely close your original card and send you a new credit card with a new account number. If the investigation shows that the charges were indeed fraudulent, you will not be responsible for the refund.

Avoid credit card fraud and unauthorized use

The more you use your credit card or account number, the more you expose yourself to the potential for credit card fraud. Fortunately, credit cards are incredibly safe to use, with the vast majority offering zero liability for fraudulent purchases. At most, your liability for unauthorized use of your credit card is $ 50 under the Fair Credit Billing Act (FCBA).

However, there are steps you can take to reduce your risk of credit card fraud. For starters, you need to keep your credit cards safe, Griffin says. This means knowing who is nearby when you use them and never exposing the account number, PIN or security code.

Also, make sure you never leave credit cards or billing statements lying around where others can see them. Griffin points out that while fraud often starts with strangers, friends or family can also steal your account information and use it without your knowledge.

Griffin also says to be careful who you decide to make an authorized user on your account, as you will be responsible for reimbursing their fees, regardless of those fees. An Authorized User Account comes into play when you actually request an Authorized User Card so that someone else can use your account.

“Think carefully before making anyone, including your children, authorized users on your accounts,” Griffin notes. Failure to approve charges made by an authorized user does not make those charges fraudulent.

The bottom line

Credit card issuers offer zero liability protection to protect your account from misuse by strangers, but that usually doesn’t extend to family and friends. Not surprisingly, the best rule of thumb to avoid incurring unpaid credit charges is to avoid letting other people borrow your credit card.

If you need to give someone permission to access your credit card, make sure it’s someone you really trust. And even then, be explicit about the purchases they are allowed to make, collect the card as soon as possible, and keep an eye on your account to review any charges.


Source link

]]>
Win JetBlue Mosaic with spend of $ 15,000 by credit card https://aadharuid.in/win-jetblue-mosaic-with-spend-of-15000-by-credit-card/ Sat, 09 Oct 2021 19:18:33 +0000 https://aadharuid.in/win-jetblue-mosaic-with-spend-of-15000-by-credit-card/ In the interest of full disclosure, OMAAT earns a referral bonus for anyone approved through some of the links below. Citi is an advertising partner of OMAAT. These are the best publicly available deals (terms apply) that we have found for each product or service. The opinions expressed here are solely those of the author, […]]]>
In the interest of full disclosure, OMAAT earns a referral bonus for anyone approved through some of the links below. Citi is an advertising partner of OMAAT. These are the best publicly available deals (terms apply) that we have found for each product or service. The opinions expressed here are solely those of the author, and not those of the bank, credit card issuer, airline, hotel chain or product manufacturer / service provider, and n ‘have not been reviewed, approved or approved by any of these entities. Please see our Advertiser Policy for more details on our partners, and thank you for your support!

JetBlue TrueBlue has introduced a new option to achieve elite Mosaic status, but is it worth it?

Spend $ 15,000 on the JetBlue Plus card, get Mosaic

In late 2020, JetBlue TrueBlue announced that it would reduce the elite requirements for Mosaic status in 2021. Specifically, the airline gave members four options to achieve Mosaic status in 2021:

  • 7,500 qualifying points (compared to the usual 15,000 points)
  • 6,000 qualifying points, plus 15 segments (vs. 12,000 points and 30 usual segments)
  • $ 50,000 spent on purchases with JetBlue Plus or JetBlue Business Card during the calendar year (as before)
  • $ 30,000 spent on purchases with JetBlue Plus or JetBlue Business Card, plus 4,000 qualifying points during the calendar year (exclusively for 2021)

There is now yet another option to gain status – you can achieve JetBlue Mosaic status if you spend $ 15,000 on the JetBlue Plus card between October 1 and December 31, 2021. No registration is required, and this only applies to the JetBlue Plus card (not the personal no-annual fee card or business card). The status thus obtained would be valid until the end of 2022.

This is a significant reduction from the standard spending requirement, which is $ 50,000 on the card in a calendar year.

Earn JetBlue Mosaic status more easily with the JetBlue Plus card

What are the benefits of JetBlue Mosaic status?

For the context, the JetBlue Mosaic status offers the following advantages:

  • 3 x additional TrueBlue points per dollar spent on the purchase of JetBlue tickets
  • Free same-day flight changes on all fares for you and your eligible companions on the same itinerary
  • First two free checked bags for you and your travel companions
  • Free alcoholic drinks on board, including beer, wine, and cocktails
  • Free same-day upgrades to Even More Space seats, which are JetBlue’s economy seats with more legroom
  • Access to Even More Speed, which is JetBlue’s dedicated priority security line at select airports
  • Early boarding, allowing you to be among the first on board
  • 24/7 access to a dedicated customer service line
Receive even more spacious seats as a JetBlue Mosaic member

Should you go your way to Mosaic?

Is JetBlue’s offer for Mosaic status worth considering? Personally I think not, but others may feel differently, let me explain.

It is important to consider the opportunity cost of spending $ 15,000 on the JetBlue Plus card. Suppose you put some non-bonus expense on the card:

In other words, there is a 2.1% opportunity cost for these expenses, by my calculations. For $ 15,000 spent, it’s like paying $ 315 for Mosaic status. Personally, I would have a hard time getting the math to work on this:

  • You already get free checked baggage if you have the JetBlue Plus card
  • You will have to take a lot of flights for the benefit of the free alcoholic drink to be significant
  • Early boarding and Even More Space seats are nice, but you only get Even More Space seats at check-in, and at this point most of the good seats could be gone.
  • The main reason I’m not interested in this offer is that I’m crediting JetBlue flights to American AAdvantage, and we’re also expected to see reciprocal elite benefits between the two programs shortly (again, with the DOJ investigation, who knows what’s going on there)
I credit my JetBlue flights to American AAdvantage

At the end of the line

Spending $ 15,000 on the JetBlue Plus card in Q4 2021 can earn you elite Mosaic status, which is a significant reduction from the usual $ 50,000 spend required. Everyone has to calculate the numbers on their own, but I personally have a hard time doing the math, based on the opportunity cost of these expenses and my general preference to credit JetBlue flights to American AAdvantage.

That being said, if you’re pricing Mosaic status over $ 300, this offer might be worth considering.

Anyone intending to take advantage of this JetBlue Plus Card Mosaic status opportunity?

(Hats off to Dan’s Deals)


Source link

]]>