Is Credit Shield Useful?

A few days ago, a customer came into my office and file a complain. Here is the story, Mr. Smith (name has been changed to protect the innocent) got his credit card a couple years ago. Three months after he received his credit card, he received a call from the credit card company offering to enroll in the company's credit shield program; basically, he was told that it is a life and disability insurance. He was told that in case of death, critical illness or disability, his credit card payments will be taken care of by an insurance company, relieving him and his family of an additional burden. All he needed to do was to pay an insurance fee which is a certain percentage of his monthly balance.

To cut it short he, decided to enroll because of the benefit the telemarketer told him. About six months ago, he had an accident; he was hospitalized for about 5 months. So he called the insurance company and filled out all the paper works. When he received his billing statement the next month, he was so surprised that the insurance company only pays the minimum payment of his balance. What happened to the rest of the balance? It was charged with interest, and will continue to do so until he pay the full amount.

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Let's take a closer look. The insurance only cover your whole balance if you are dead, if you are still alive, they will pay only the minimum payment. Did the telemarketer tell you about this? Yes, they did, most of the telemarketer read from a script prepared by the company, this is to ensure that they inform all the necessary terms from the customer. The only thing is that the script have been prepared professionally inserting those terms in such a way that we do not pay attention and the telemarketer has been professionally train that they emphasize only the most lucrative offer.

Is Credit Shield Useful?

So the next time the credit card company offers you additional life and disability insurance, make sure you ask them about the coverage policy for temporary disability and permanent disability. If they tell you that the marketer might not tell you the truth, ask them to send you the term and policy, say that you will discuss it with your lawyer before making a decision. This will help you unnecessary problem in the future.

Is Credit Shield Useful?

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List of Major Credit Card Companies

There are many different credit cards companies in existence today. Hundreds of credit cards are offered every day to potential new customers from all the different companies. They are marketed through various banks and other financial institutions, not only in U.S but worldwide.

One of the best known major credit cards is VISA which is known all over the world. Visas have grown into a largest and most widely used payment brand in the world. Visa allows banks and other financial institution to issue Visa Cards in its name and it's more than 50 years of existence.

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The in charge of processing all the visa credit cards transaction all over the world is done by Visa International and company owned by more than 21, 000 member financial institutions. They are one of the world's largest payments processing system. There is more than one billion visa branded cards with cardholders in more than 150 countries which comes to trillion in transaction every year.

List of Major Credit Card Companies

One of the best is the MasterCard also which is accepted all over the world. Also do transactions and are processed through MasterCard's huge electronic processing network to make it easier and faster before to make a payment no matter which part of the world. Most of the leading companies are connected with the banks such as CITI bank, American Banks, etc.

American Express Credit Cards are also one of the best worldwide and this was founded in 1850 which began as express delivery company years ago and now it has added a wide range of cards to its list of offerings. The first charge cards for more than fifty years are the American Express as pioneered.

One affiliated with Visa or MasterCard brand is Amex. Amex is one of only two issuers and evolved into financial services company offering different types of financial products such as money order and travelers check.

Lately is the Discover Card which is issued by Discover Financial Services which was founded in the year 1986. This Discover card is not affiliated with Visa and MasterCard but has its own U.S payment network. It makes it marks as a leading innovation in the line of credit card industry and has customer loyalty among leading brands in year 2007. Discover Card is one of the leaders in cash back credit cards where in it offers up to 5% cash back on a certain purchases. What an amazing kind of card.

As you all know, these cards are used almost in all day to day transaction from buying daily needs such as milk, coffee, food, etc. Seems credit is a form of cash money to everyone who has it.

One should bear in mind that credit card is for emergency purposes where the priority which you have to use on this is your needs not your wants in life.

In applying for a major credit card without prior experience to credit history may obtain one far more difficult process since credit history is needed to measure your capability to pay and allows the issuing company to provide you with a credit limit where in they can give you the payment plan that can suit your lifestyle and personality.

So one must think and plan first before obtaining a major credit card and which company suits your needs best.

List of Major Credit Card Companies

You can find out more on the major credit card companies by doing a little research online. You can find out the different cards, options and rewards each one offers with a little leg work. Then once you have found a card you like you can even apply for a major credit card all from the comfort of your home.

For more on this see Gordon Smith's website or just click on the links above.

How to Get Over a Heartbreak - 6 Stunning Ways You Just Can't Miss at All

Your dad has always told you, not to love at a very early age, I never understood why, not until I had my first heartbreak. I cried myself to sleep at night; I never did understand what I was supposed to do and how I could take the pain away. All I knew was that I had my heart broken by the one I have loved.

It was hard, but luckily I figured out a few ways to get over my heartbreak, it sure was not an easy one, but eventually, I was able to get over my heartbreak.

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- I know your hearts crushed and you feel so much pain, so let it all out! Cry the whole night if you want to, nag to your friend about your heartbreak and shout at the top of your voice to get out all the anger. I know you're in a jungle of emotions, but letting go of the feeling is the first step to getting over heartbreak.

How to Get Over a Heartbreak - 6 Stunning Ways You Just Can't Miss at All

- Time heals all wounds; don't expect that to get over the heartbreak in a day. It won't happen, so take time to feel the pain, until eventually that pain will slowly fade away.

- While you're still taking time to heal, bet busy, take your mind off the heartbreak. Making yourself busy will eventually help you in finding a new routine or a new past time which will then help you start a new life and get over the heartbreak.

- Don't be afraid to face your fears, if you're still bothered by a few questions then make the initiative to find ways in figuring out those mind bugging thoughts. Sometimes it is so hard to get over a heartbreak when you keep on thinking of the "what if's".

- Another fear that may haunt you would be the fear of dating again, don't be. You may not be aware, but dating someone new will surely help you get over your past heartache.

- Now if things really did not work out, then don't be scared to admit it and move on. Accepting the heartbreak may sound harsh, but it will surely make you realize that you don't have to cry over that heartbreak anymore.

How to Get Over a Heartbreak - 6 Stunning Ways You Just Can't Miss at All

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How Do Credit Cards With Rewards Points Work?

If you have a new credit card that offers rewards points, but you aren't quite sure how the system works, the information presented here will help you. Let's take a look at what credit cards with rewards points programs are, and how you use them.

Rewards points are an incentive to use your credit card. Each time you use your card, you receive points based on the amount of money you charged. These points accumulate and can be redeemed for many different rewards, depending upon the card you're using. Rewards can include:

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Airline miles

How Do Credit Cards With Rewards Points Work?

Free or discounted gas or groceries

Free or discounted hotel rooms or other travel accommodations

Free tickets to movies or events

Priority alerts and/or admission to events

Cash rebates

Household and entertainment items

Your monthly credit card statement will give you an overview of how many points you've earned, based on how much you've charged. Credit card companies or your bank will provide you with a catalog of rewards, or have a catalog available for viewing online.

The catalog will outline how many points you need to earn for a given item. If you are redeeming points for airline miles you will have a running total of miles earned. Note that when you redeem airline miles, your reward is calculated differently based on the credit card and your airline.

There is a points to miles conversion that happens that can be a bit confusing. Your airline can help you understand how this works. It's important to know that your credit card rewards points most likely have an expiration date, so you must pay close attention to that date or you stand to lose your points.

Most points are easily redeemable through the credit card or bank website, or by completing and order form. There are also customer service phone numbers available for all the major cards if you prefer to talk to someone when going through the process of redeeming rewards points.

Having a credit card that offers rewards points is a great thing! For each dollar you charge, you earn points for stuff - how great is that? If you are aiming at a high point, super reward, remember that you have to use your card to get those points (just be wise about it), and remember that if you don't redeem those points before they expire, you will lose them.

Some people prefer to use their points towards smaller rewards for this reason. Make certain that you are using your credit card wisely and you will find that using your credit card to earn rewards is definitely a "value added" situation.

How Do Credit Cards With Rewards Points Work?

To get more insight on how to apply online for a credit card that offers low interest, balance transfers, rewards, cash back , business, airline miles, you will want to visit