Credit Federal's credit card facts quiz.

How many credit card facts do you know? Take Credit Federal's credit card quiz... the facts may surprise you.  Free credit tips.

Is it better to have a fixed-rate credit card than a variable rate credit card so you don't have to worry about your APR being raised?
Answer: Rates on both fixed and variable cards can be adjusted by the issuer.

Is paying only the minimum monthly payment a good way to pay off your credit card debt?
Answer: If you pay only the minimum amount you'll spend lots more on interest charges and it'll be years before your balance is ever paid off.

If you do not purchase credit card theft insurance, will you be responsible for whatever charges a thief puts on your account if your card is stolen?
Answer: If your credit card is stolen, you are responsible for $50 at most, as long as you report the theft as soon as you are aware of it.

If you no longer use a credit card, will the account close automatically after ten months of inactivity?
Answer: A credit card company may not close your account automatically just because you no longer have a balance or are not using the card.

Are there almost 1,000 Americans a year victimized by identity theft?
Answer: Actually, as many as 750,000 people a year fall victim to identity theft.

Does the Fair Credit Billing Act give you the right to withhold payment on poor quality or damaged merchandise purchased with a credit card?
Answer: This is one of the useful protections credit cards offer. You first must make a reasonable attempt to resolve your dispute with the merchant, but if that doesn't work, contact your credit card company.

Can you get a lower rate on your credit card simply by asking?
Answer: Credit card companies have no incentive to lower your rate unless you ask.

Must credit card companies give you 60 days notice before raising your rate?
Answer: Federal law only requires that the company give you 15 days notice prior to a rate increase for a fixed-rate card.

Are credit card issuers required by law to charge the same rate for purchases as they charge for cash advances?
Answer: Card issuers can charge a much higher rate for cash advances.

Do you damage your credit every time you order your credit report?
Answer: Numerous credit report inquiries from lenders can affect your credit rating, but checking your own report doesn't have a negative effect.

Is a secured card a credit card with a rate guaranteed not to increase?
Answer: It's practically impossible to find a credit card with a rate guaranteed not to increase.


Understand options for a credit card for bad credit and the meaning of pre-approved credit card offers. Choose an unsecured credit card, secured card, or an instant approval guaranteed card.

Free credit card interest calculator to calculate credit card payments and how long it will take to payoff balances. Learn how to avoid credit card debt. If you have excellent credit, you may qualify for a 0 intro balance transfer card. If you do not have excellent credit and are looking for a balance transfer, consider credit counseling instead.

Get help choosing a credit card that's right for you and your credit, and for your spouse if you need a joint credit card. Get a small business credit card or a student credit card.

How to read a credit card statement.

Understand that even a no deposit credit card may require an activation fee or an annual fee, and learn the difference between a guaranteed platinum card and a unsecured platinum credit card. Both offer an unsecured credit line, but only one is a true credit card which allows purchases wherever the major credit card is accepted, whereas the other only offers purchases from a pre-selected catalog.

Review credit card benefits of a pre-pay credit card and a debit card.

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Before traveling, call the credit card company so that purchases will not be halted due to fraud measures. This is especially necessary when traveling to a foreign country. This helps avoid a freeze on a credit card account. There is antifraud software that monitors customers’ spending patterns. When cardholders stray from usual habits, for example, like making purchases in another state instead of at a store in the home ZIP code area, it could be flagged as fraud.

Many people are glad about this, but others get upset when purchases are denied. In addition to watching for unusual spending patterns, banks also monitor where criminals use stolen cards, which can be places like automated payment kiosks in metropolitan areas. This is why some people have more than one credit card when they travel. It can be a big problem to unfreeze a card when traveling in a foreign country.

For people who travel all the time, countries in Europe, Japan, Canada, and Mexico have adopted a credit card that has a chip. The customer must enter a PIN. Merchants that accept Visa, MasterCard and American Express are supposed to let customers pay with either type of card, yet some employees at stores outside the United States do not always know what to do with the magnetic version.

Another problem can be that automated kiosks in Europe, may only accept chip and PIN cards, particularly in train stations, parking garages, gas stations, and some tollbooths. When this happens, Americans with magnetic stripe cards usually have to wait in line to pay with cash or have a clerk swipe their cards. These lines can be long and frustrating when trying to catch a train. Some merchants in other parts of the world often have higher minimum-purchase requirements, to use a credit card or simply do not accept the cards because they do not want to pay the fees card companies charge retailers. Be sure to contact card issuers before traveling and check the credit limits on each card.

Government Credit Card Regulation Affects	It's clear to see that the credit industry should be deregulated, just by reviewing Government credit card regulation affects.
Credit Card Deals and Education	There are different kinds of credit cards not only for various credit scores, but also for special uses from establishing or rebuilding credit to earning rewards. With credit card education you will be best able to choose the right deals for you.
Balance Transfer Credit Card Rewards	Enjoy the money saving rewards by moving high interest debt from several cards onto one 0 intro balance transfer credit card.
Secured Prepaid Cards and Unsecured Credit Cards	Credit card tips: There are a lot of choices and variables to choose from, whether you want a secured prepaid card or an unsecured credit card.
Credit Card Charges can cause Long Term Loan Debt	Credit cards are a money management tool that can be used as a short or long term loan, so building credit card debt can happen quickly and easily with high outstanding balances.
Travel Credit Card Rewards	Travel credit cards not only make vacationing more convenient, but can also save money by offering motel, airline and other travel related discounts. See how rewards credit cards can benefit you and submit your online application.
Advice to Rebuild Credit with a Credit Card	The purpose of a credit card to rebuild credit scores is to re-establish a positive credit history. Use the card to make small purchases that can be paid in full each month.
Bad Credit Card Application Advice	When you need a credit card for bad credit, consider banks and credit card companies that specifically offer subprime cards to rebuild credit scores. There's no sense in wasting your time; and having unnecessary inquiries into your credit report, by applying for high limit or rewards cards.
New Credit Card Account Advice	Free credit card account advice about the rates and fees for new card offers before you submit an application.
Balance Transfer Credit Card Offers, Tips and Advice	Get the maximum benefit of 0 intro balance transfer credit card offers by reading these free tips and advice.

Credit Card VS Cell Phone Account	The government regulates credit card company practices yet allows cell phone companies to commit far worse attrocities.
Discover and MasterCard Credit Card News	Discover and MasterCard credit card news.
FDIC and Credit Card Email Scams	Two scams you need to be aware of to protect your personal credit: FDIC and Credit Card Email Scams.
Credit Card Agreement Law	Credit card companies are now required under the Credit CARD Act to make copies of all credit card agreements available to the public.
What Happened to Bad Credit Cards	Democrats Removed Our Right To Prayer In School And Now Strip Us Of Credit Cards. Here's what happened to bad credit cards.
Debt Management Plan Advice	Review our free debt management plan advice. In a DMP, you deposit money each month with a credit counseling organization. The organization uses these deposits to pay your credit card bills, student loans, medical bills, or other unsecured debts according to a payment schedule they’ve worked out with you and your creditors.
Democrats Raise Credit Card Rates and Fees	Democrats Raise Credit Card Rates and Fees. Because of legislation pushed by democrats, credit card issuers will soon have their hands tied as to how they protect themselves against high risk losses caused by defaults.
What is a credit card chargeoff	Credit card chargeoff and free debt settlement. How to chargeoff credit card debt yourself or get professional help.
No Christmas Credit Card for Bad Credit People	Democrat Scrooges will deny Christmas credit cards for bad credit people, because they don't know how to fix the real problem... the economy.
Blame Democrats for No Credit Cards	Democrats, in their attempts to appear voter-friendly, are now trying to pass more legislation that may result in absolutely no credit cards for consumers.

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