谁能提供一篇关于信用卡的英文文章,不论是哪方面的,只要是有关信用卡的就行,篇幅也不用太长,谢谢
CreditCardCashAdvancePitfallsCreditcardcashadvancescanprovideconsumerswithconvenientandinstantaccessto"coldcash"intimesoffinancialneed,butcashadvancesshouldbeavoidedifatallpossible。 Informedconsumersrealizethatcashadvancesaretypicallyaccompaniedbyfeesandexorbitantinterestrates(thereisalsonogracep...全部
CreditCardCashAdvancePitfallsCreditcardcashadvancescanprovideconsumerswithconvenientandinstantaccessto"coldcash"intimesoffinancialneed,butcashadvancesshouldbeavoidedifatallpossible。
Informedconsumersrealizethatcashadvancesaretypicallyaccompaniedbyfeesandexorbitantinterestrates(thereisalsonograceperiodforcashadvances)。
Moreover,cashadvancescanbeamajorstumblingblockforconsumersseekingdebtrelief。Wehopethefollowingtipshelpconsumersavoidthepitfallsassociatedwithcashadvances。
*Feesforcashadvancesvary,butfeescanbeverycostly。Feesarecomputedusingtwocalculationmethods。Manycardissuerscalculatefeesonapercentagebasis,whichtypicallyrangesfrom1%to4%。
Otherissuerscharge"flatfees"foradvances。"Flatfees"arenotbasedontheamountoftheadvanceand,therefore,arealwaysthesame。
Anincreasingtrendistocombinebothcalculationmethods。Combiningcalculationmethodsresultsinhighercashadvancefees。
Anexampleofthiswouldbeanissuerthatchargesx%foranadvance,butchargesaminimumof$10regardlessoftheamountoftheadvance。
Anotherexamplewouldbeanissuerthatchargesx%foranadvanceor$20,whicheverisgreater。Readthetermsofyourcardagreementcarefully。
Feecalculationcangettricky。Afewissuersdonotchargeanyfeesatall。Thisisveryrare,though。Finally,ifyoumustgetanadvance,avoidusingATMmachines。
ATMschargeanadditionalfeeforadvances。ThisfeeischargedbythefinancialinstitutionthatownstheATM。*Oftenthegreatestpotentialpitfallforconsumerswhodecidetogetacashadvanceinvolvesfinanceorinterestcharges。
Theinterestrateforcashadvancesisoftenseveralpointshigherthanthenormalpurchaseinterestrate(theratethatisassociatedwitheverydaycardpurchases)。
Cashadvanceratesnormallyrangefrom20%to25%。Incontrast,theaveragepurchaserateforastandardcreditcardrangesfrom15。
88%to17。30�cordingto。However,afewissuerschargethesamerateforbothpurchasesandcashadvances"LowRateReport"formoreinfo)。
Otherfinancechargepitfallsinvolvegraceperiodsandthepaymentmethodthatacardissuerutilizes。Cashadvancesbeginaccruinginterestimmediatelyand,therefore,arenotsubjecttoagraceperiod。
Thus,evenifyoupayyourcardbalanceinfullwhenyourbillarrives,youwillstillbeaccessedafinancechargeforanyadvances。
Asimilarpitfallinvolvesthemannerinwhichpaymentsareappliedtoyouraccount。Mostissuersapplypaymentstocardpurchasesbeforetheyapplypaymentstocashadvances(i。
e。paymentsarefirstappliedtopurchases)。Ifyoucarryabalanceonyourcard,thiscanresultinyouradramaticincreaseinyourfinancechargesandoverallinterestrate。
*Pleasebeawarethatany"creditcardchecks"thatyoureceiveinthemailareusuallytreatedascashadvances!Cardissuersoftentoutsuchchecksasaneasywaytopayoffthebillofyourchoiceortoacquiresomeextraspendingmoney。
Whileusingacheckmaybeconvenient,itcanbeextremelycostly。Manybalancetransfersarealsotreatedascashadvances。
*Dependencyoncashadvancescanbeanoutwardsignofseriousdebtproblems。Consumersthatregularlyrelyonadvancesto"makeendsmeet"urgentlyneeddebtcounseling。
Cashadvancesaresotemptingthatsomecardholdersfallvictimtothe"cashadvancetrap"andfindthemselvescaughtinaviciouscycle。
Ifthisstatementappliestoyouorsomeoneyouknow,pleaseconsultCardRating。com's"GetDebtRelief"sectionforalistofhelpfulresources。
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