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Credit Cards Protection For Purchases

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					Presented by Daniel Toriola
If you are getting a credit card, remember to check and double-check all clauses within the agreement you are signing. If anything seems suspicious at all, then do not sign and find a different company. Click here to know more

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Credit Cards Protection For Purchases By P Bennett

It is often quoted that using a credit card to pay for goods or services offers much higher levels of protection over paying using other methods such as cash, bank transfer, cheque or debit card. The other methods of payment in fact provide very little protection for the purchaser other than any specific contract that is in place or recognised laws such as the Sale of Goods act, Consumer Protection act and Trade Description act. These acts may well provide protection in different situations but very few people understand them enough to pursue a case using them. So the specific protection offered by credit card providers is an attractive option. This protection is not a free service that card companies have decided to offer, it is in fact a requirement of the Consumer Credit Act which requires retailers and credit providers to be jointly responsible for faulty purchases. This applied only in the UK until the House of Lords ruled in 2007 that protection should also apply to purchases made overseas. The credit card companies fought quite hard over a 10 year period against the extension, but when it finally came it was welcomed by APACS, the Association for Payment Clearing Services. So what does this protection actually cover? Well it means that should goods fail to arrive, get damaged in transit, arrive faulty or not function properly, then the purchaser can claim a refund from the credit card company. The cover extends to goods costing between £100 pounds and £30,000 pounds and even covers goods that have been paid for but not delivered after the supplier has gone bust. The extension of protection to cover overseas was seen as an important move to support the growth of internet transactions from overseas suppliers. For a consumer to be able to lodge a claim against their card company they must be in a situation where a breach of contract has occurred and that is usually a clear occurrence if a payment for an item or service has been made and that item or service has not been delivered as described at the point of sale. The card companies are in a unique position to be able to fund this insurance because they charge suppliers for using their services, which would not be the case if payment was made using cash or by cheque for example. The first port of call for a consumer with a problem should be the supplier themselves. In most cases complaints are resolved quickly but if a dispute arises such that the consumer is still not satisfied then
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Presented by Daniel Toriola
they should gather evidence to prove the value of the loss incurred and present this to their credit card company for consideration. As with any claim, companies often respond initially with a downbeat or negative reply. Sometimes that is enough to put some people off from following up their claim and card companies can escape many payouts by taking this approach. But consumers are advised not to take this kind of response personally and just to see it as a standard letter that card companies must issue to avoid accepting any responsibility before they have had chance to investigate claims thoroughly. It has been reported that sometimes consumers are told that they must initially get a court order against the supplier but that is not the case. The consumer can choose to claim either against the credit card company, the supplier or both. Buyers should also be aware that the protection under section 75 of the Consumer Credit Act only applies to credit cards and not debit cards or charge cards such as American Express and Diners Club. One area of complication that consumers should be wary of is the case where the company accepting the card payment is not the company providing the goods or service. In this situation claims can often become complicated and can fail. Michael Lennan writes about credit cards for a number of websites that cover the subject. Read more about standard credit cards on http://www.mbna.ie/ and different charity credit cards here http://www.mbna.ie/creditcards/ireland_charity.html

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Choose The Very Best Credit Card For You By PAT WOOD

The question is which credit cards are right for you. Not all credit cards are the same. Some have a fixed rate, which simply means the APR doesn't change, or at least not that often. Most credit cards are open lines of credit, that you can use to make purchases. Most of them are unsecured, while a few are secured or prepaid. Prepaid credit cards are offered by a lot of major companies and act some what like a debit card, because you will need to open an account and your credit card will be funded by this account. These are great for people starting out with little or no credit or rebuilding credit. Low interest rate cards, are ideal for people with good credit that would like to take advantage of reduced interest rates. Some credit cards have an annual fee, while others do not. Some earn reward points. Store credit cards work similarly to regular credit cards, except there is no annual fee, and the card is only good for purchases at that particular store. These store cards are also effective at rebuilding credit. You would be surprised at the overall number of people who just don't bother to compare credit cards before signing up for them. You should compare the different features, different benefits, and details of various credit cards. Find, compare, and read reviews before you decide. You wouldn't buy a car without comparing details or benefits, and you never buy a house without looking at several first. Just apply these same principles to credit cards. Credit cards are convenient for customers and can be beneficial if used correctly. They are the perfect way to finance larger items while still earning points for everyday purchases. Just shop around first, and get the right credit card for you. PAT WOOD IS THE AUTHOR AND OWNER OF THE WEBSITE http://www.best-creditcards.info SHE HAS BEEN IN THE BANKING INDUSTRY SINCE 1987 AND HAS WRITTEN SEVERAL ARTICLES ON CREDIT AND DEBT

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Presented by Daniel Toriola

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