How to protect credit card from getting cloned?

Aug 8, 2010 Posted Under: Credit Cards

 

The use of plastic money is on a rise these days. The current generation finds it much more comfortable to carry financial transactions using credit or debit cards. Although cashless transactions sound hassle free, their increased usage has also raised the frequency of credit card frauds.

One form of credit card fraud is card cloning or skimming. The fraudster here copies the details of the card of an individual into expired, blank or stolen cards and thus makes a clone of the original card. The cloned card is then used by fraudsters.

The cloning device is easily available and can be purchased by fraudsters by shelling out a mere 30,000 to 50,000 rupees.

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Another Big Reward Opportunity

Aug 5, 2010 Posted Under: Credit Cards

Every so often, credit card companies release a really big sign up bonus offer.  Sometimes the offer isn’t even very widely publicized or is of a targeted nature.    Targeted rewards are ones in which you get a solicitation in the mail, or an email solicitation.   While some targeted offers are only applicable to the person targeted, others are open to anyone who signs up with the correct link.

CititBank’s New American Airlines Sign Up Bonus Offer

I am hesitant to mention this offer, as it is targeted, yet there are enough reports out there to indicate that even non-targeted people can receive the big bonus if they apply with the correct link and are approved.    How big is the bonus?   Well, there is one offer for 50,000 miles at sign up when you spend $750, and another 50,000 miles if you spend $10,000 in six months.   Other offers out there earn 75,000 miles.     This post over at The View From The Wing blog seems to have the best information and links.

The best part about this offer is that it is on American Airlines.    I accumulated a significant amount of American miles last year while churning was still permitted.    Based on my previous

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SBI Cards CEO faces arrest warrant for contempt of court

Aug 5, 2010 Posted Under: Credit Cards

Abhay Kumar, CEO of SBI Cards and Payments Services Pvt Ltd has faced an arrest warrant issued against him and two others. The warrant has been issued based on a complaint filed by lawyer Tushar Mandlekar on charges of contempt of court.

The two other people against whom warrant has been issued include Milind Deshpande of GE Money and Kunal Sani, recovery agent of the same firm.

Mandlekar has lodged the complaint with a consumer court on charges that a bill of Rs 19000 was issued under his name when he did not have any dues to be cleared. He said that he had used the card only on three instances and that he had cleared the outstanding balance in 2006.

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The Bartlett by PEHR Tech Review

Aug 4, 2010 Posted Under: Credit Cards

The Bartlett by PEHR Tech is another service for Personal Health Records which allows management of health information in a safe and secure place in case of emergency or if you need to share it with a doctor or medical facility.

How it Works

The Bartlett is a 1 GB USB flash drive in which customers connect to their pc and upload medical information onto. It is not web based, so the information is said to be safe from hackers.The Bartlett holds scanned documents like X-Rays and EKGs and is easy to use.

Here is an example of what you will see on The Bartlett

Information that can be included on the Bartlett:

  • Medical Alert page with allergies and critical info, you decide what goes there.

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How to Negotiate Lower Credit Card Interest Rates

Aug 1, 2010 Posted Under: Credit Cards

Ryan Guina is an entrepreneur and writer. He has worked for Fortune 500 companies and served six years in the USAF. He writes about money management and small business topics at Cash Money Life and military money topics at Military Finance Network. You can follow his twitter feed.

Credit cards are great tools when used appropriately, but sometimes you find yourself getting in over your head. Before you get too deep, take a few minutes to make a phone call that could save you hundreds, or even thousands of dollars. I’m talking about negotiating lower credit card interest rates.

Learning how to negotiate lower credit card interest rates doesn’t have to be intimidating.

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