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Because...
Card-holders need protecting from themselves running up huge balances without being questioned. All credit cards have limits set by the company, to stop you just using the card continuously without checking to see how much you owe them.
Card companies need protecting from bad payers. Companies are entitled to charge monthly interest in the outstanding balance, and late payment fees for missed payments - that's how they make money to pay their staff.
Retailers need protecting from fraud. Retailers get paid by the card company - even if the card is used fraudulently - then the card company pursues the offender through the loegal system to recover the money.
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Are there any laws regarding the number of credit cards one person can have?
There are no laws that limit the number of credit cards one can have, but there is a 'law' of common sense. Too many credit cards and too little money equals a lot of debt.
Does Montgomery Credit offer credit cards?
"According to the research I have just recently conducted regarding this question, I have discovered that Montgomery Credit does indeed offer credit cards."
Where can one find information regarding Citi credit cards online?
One can find information regarding Citi credit cards on Citi's official website. On this site they give customers a long description of information about these cards.
Who can provide the details regarding international credit card for students?
There are many good options of Credit Cards available for students, it’s daunting for student to solve the credit card equation. To get a complete guide regarding the credit cards please visit the best international credit card for students service provider.
What company has secured credit cards?
Secured credit cards are credit cards which offer the same spending advantages as traditional credit cards, however the individual must provide the initial starting credit. Therefore, if a secured credit card has a 300$ limit, that initial 300$ is usually provided by the individual. These types of credit cards are used by people with a history of bad credit, or to re-establish credit. Many local banks, such as Bank of America and Wells Fargo have information regarding these types of cards listed on their websites.
Where can I find information about different secured business credit cards online?
The best source is to contact various lenders directly. They are able to provide you with information regarding their different secured credit cards available online.
What credit cards does the Bank of America offer?
Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.
Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
What are airline credit cards and how are they different from regular credit cards?
Airline credit cards are credit cards issued by airlines. They have no real benefits over regular credit cards, apart from the fact that you can collect Air Miles with them.
Where can I learn the benefits of secured visa credit cards?
You can get information regarding the benefits of a secured visa credit card from the bank that you are interested in using. They will also be able to provide you with estimates on the cost.
DO EMPLOYERS IN GRAND JUNCTION ALLOW GARNISHMENT OF WAGES ON CREDIT CARDS?
Not generally but you would be better off contacting the court or a lawyer regarding this.
Who can you complain to regarding the new mastercard policy for sears credit cards charging a 30 fee?
The Federal Trade Commission (US government)
