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Now Your Credit Card Will Say Your Status Symbol
By Neil Farman on November 16th, 2007
A South Korean company has presented a diamond encrusted credit card just for its VVIP Customers, now rich people do not want to use the same looking credit card used by any other person, these people wants to look different, their eating habit, their dressing sense is royal and now they want to keep credit card which suits their personality and status symbol. Kim Sam-sun, the president and chief executive of GK Power, which produced the cards, said: “VVIP customers want differentiation, and banks want to attract these big spenders.” So keep moneyed people’s mentality in mind the Korean company has designed diamond encrusted credit card especially for VVIP clients. The Seoul-based company has now launched the luxury High End card, which embeds 1mm by 1.65mm diamonds into a silver rivet on a black high-gloss card. Mr. Kim said “There is always that top millionaire class anywhere, and that’s the crowd we’re initially aiming for.”
Read: independent.co.uk
Online Gambling Should Be Banned
By Neil Farman on November 15th, 2007
DENVER Lawmakers have made every effort to try to end online gambling, a CBS4 investigation bureau disclosed how gamblers still manage to do gambling. CBS4’s Rick Sallinger discovered an online gambling Web site. May be it looks like a game, but it’s serious business, a site named “Full Tilt Poker” Sallinger viewed $42,000 was on just one table. Online gambling was a $15 billion a year business until Congress put a major dent in it. CBS4 spoke with a Colorado player and he told that he is able to use his visa card to place bet at Full Tilt Poker. He said, “I had made several deposits on several different days to the poker room, but none of them were listed as ‘Full Tilt Poker.’ They were listed as different companies I had never heard of.” In his monthly credit card statement bill those charges were appeared in the name of very unclear or difficult to understand words so that no one can understand that these charges are relevant to internet gambling. Assistant of U.S. Attorney Loren Washburn said “These charges do carry heavy penalties, they are serious crimes.”
Read: cbs4denver.com
Use Your American Express Card At Grocery Stores
By Neil Farman on November 13th, 2007
If you are an American Express card holder then you can use your American Express card at Food Lion stores. Food Lion and New York based American Express have made an agreement and according to that deal all the way through Southeast and Mid-Atlantic U.S., customers can use their American Express card at more than twelve hundred grocery stores. Not only this, buyers can also get an opportunity to earn a large number of different rewards with every purchase they made. Charles Davis, v.p. of business strategy and analytics at Food Lion said “Many customers have indicated a desire to use American Express in the past, and we are pleased that we can now help improve their shopping experience by doing so.”
Read: progressivegrocer.com
Officers Illegally Used Credit Cards for Personal Use
By Neil Farman on November 12th, 2007
In London the Metropolitan Police investigated that some officers issued illegally used credit cards to the staff members for personal use. The London police arrested two detectives on suspicion of theft. But police did not confirm the report in World newspaper that around six million pounds and about twelve million dollar Cdn, was spent by all the officers illegally on credit cards for vacations or holiday trip, very expensive items like luxury wrist watches and flat screen TVs. a spokesman for the force said “The Director of Professional Standards is currently conducting a review around the issue and usage of the Met’s American Express cards, Any alleged criminality that is uncovered will be dealt with robustly. We have a comprehensive plan to recover any money that is outstanding.”
Read: cnews.canoe.ca
Some Guidelines to Reduce Credit Card Expenses
By Neil Farman on November 10th, 2007
According to research by Moneyfacts.co.uk, sixty nine cards have increased fees for withdrawing cash on a credit card, even as twenty five charge higher interest on cash withdrawn. Eighteen cards costs you so high when used abroad, while ten have pushed up the charges when transferring a balance. There are some tips for its customers to cut credit card cost.Esther James, credit card analyst at Moneyfacts.co.uk, said: “Check the interest rate you are paying, as there are still some great 0 per cent deals on purchases and balance transfers to be found, so do not pay interest unnecessarily.” You should always receptive to balance transfer fees. Mike Naylor from uSwitch.com said “This type of card will certainly catch consumers out if they do not understand the complex order of repayment rules.” So always check the timings of interest free offers. Card holders should use life time balance transfer card which charges a permanently low amount on the amount transferred. According to uSwitch .com, seven cards still offer life of balance options, at an average rate of 5.74 per cent.
Read: telegraph.co.uk
High Amount of Rate of Interest
By Neil Farman on November 8th, 2007
Credit card becomes painful when the holder has to pay a good amount of rate of interest. Always compare annual rate of interest when you are going to get a credit card but the problem is that different companies calculate the interest in different ways. Some companies charge interest: the time you make purchase and some times you are not charged for thirty days, some companies provide more than 30 days grace period and so on. Two credit cards, which looks like each other and are suppose to charge the same interest rate; may cost you widely different rate even if you use two of them in the same manner. Still credit cards are very useful and have become basic necessarily for all of us, you just need to use it very intelligently and cautiously.
Read: moneyweek.com
Orient Express Visa Card By Orient bank
By Neil Farman on November 6th, 2007
The Orient Bank has presented Orient Express Visa Card only for its customer’s convenience; you can make use of the visa card anywhere in the world. You can buy grocery from the supermarket, get your car tank filled with petrol, hotel and even in the hospital. So you do not have to keep much cash with you if you are carrying Orient Express Visa Card. Mr. Hoorwood, the executive director, said “Orient Xpress Visa cardholders will be able to pay their electricity and water bills and buy telephone airtime for any network at the Orient Xpress Visa point of sale outlets, Because the Visa card can be used for so many purchases and payments, customers will rarely need cash.” Mr. Hoorwood also said that all the cardholders can use over one million automated teller machines (ATMs) in different countries and its customers will access financial services in the sub-region as well as international destinations.
Read: allafrica.com
Vessel World media Will Offer Gift Cards Site
By Neil Farman on November 5th, 2007
A division of Vessel World Media Inc., will shortly launch, VesselHope.com. This site is going to offer an unidentified ways to contribute to others in financial need. This bright idea created with Vessel World Media’s founder and president, Desiree Summers, who thought it a brilliant idea to fill a niche. “It’s a miracle that people now have a way to anonymously be proactive in helping others.” At this time GiftCards.com is presenting Special Occasion Card Carriers, instant online Virtual Gift Accounts, ATM usable Gift Cards and Visa debit gift cards. They serve primarily corporate clients. In the beginning all the transactions will be done online.
Read: dmnews.com
Simon Team up With American Express to Offer a Gift Card
By Neil Farman on October 31st, 2007
Stewart A. Stockdale, Simon’s chief marketing officer and president of Simon Brand Ventures said, “We are excited to team up with American Express to create a gift card product that will be of particular appeal to our affluent customer and will complement our existing arsenal of popular prepaid options,” Initially the cards will be presented at four Florida malls: Dadeland Mall (Miami), Miami International Mall, Florida Mall (Orlando), and Town Center at Boca Raton. Stefan Happ, general manager, American Express Gift Card said “Simon malls are synonymous with premium retail, and we’re delighted at this alliance involving two leaders in the open-loop gift card industry.”
Read this entire article on biz.yahoo.com
A Man Caught Using Credit Cards at North Naples ATM
By Neil Farman on October 31st, 2007
A man caught red handed when trying to use a number of stolen credit cards. This man was wearing a mask on his face, a hat and socks on his hands so that no one can identify him. Marshall Jenkins, age 24, stolen a customer’s purse at Biscotti’s Restaurant on Piper Boulevard at around 5.00 p.m in the evening and tried to use all the stolen credit and debit cards by entering many different passwords at a North Naples ATM. And when Jenkins saw the deputy’s car he tried to run but got caught and was sent to Collier Country Jail.
Read this entire article on nbc-2.com
