Posts Tagged ‘credit card’

Credit Card Applications and Identity Theft

Posted by Samantha Martinez on April 25th, 2011

Identity thieves steal identities by retrieving credit card offers from trash cans and the filling sending them in using their own addresses. Law professor Jeff Sovern reports that
he told his class the Fair Credit Reporting Act requires the credit card issuers to allow consumers to opt out of the applications (15 U.S.C. § 1681b(e)), thus reducing the likelihood that an identity thief will steal their identity.

But most people don’t opt out and instead tear up the applications and his students brought up a MSNBC story about how a consumer tore an application up, then taped it back together, and sent it in using a different address. Chase sent him the credit card anyway.

Prof Sovern recommends that consumers should opt-out of credit card solicitations. For the FTC’s advice on how to do so, go here.

Credit card industry changes to the remainder of 2010

Posted by Samantha Martinez on August 25th, 2010


How will the CARD Act affect policies?

The Credit Card Accountability, Responsibility, and Disclosure Act (CARD Act), signed into law in May 2009, took effect on February 22, 2010.

Designed to protect consumers from deceptive and costly credit card company practices, the CARD Act has generated many changes for credit cards and cardholder accounts.

CARD Act core provisions

Congress attempted to stop some annoying credit card industry activities and replace these practices with standardized regulations that benefit cardholders. Among the more important provisions are the following.

  • Require standard and repetitive payment dates. This prohibits card companies from shifting payment due dates to confuse cardholders and then charge late fees.

Read more…

Going on a business trip? Don’t forget your chase credit card

Posted by admin on June 2nd, 2010

With the hustle of you daily corporate life, you are still being prompted to take several business trips by your company. Whether it is local or international, it will surely take you some effort to do so. Nevertheless, look at the brighter side of such trips, you get to visit places and avail of some rewards ЁC not from your company, but from something that you always keep in your wallet. Of course, I am referring to your credit card. But see to it that your credit card services come from the company that is most trusted by Americans for years now for giving such services, Chase.

If you are into business travels most of the times, you ought to apply for a chase credit card designed specifically for travel, whether on business or vacation. When you are in such situation, you can choose to apply for a credit card from Chase for travel. Read more…