According to Investopedia, a subprime credit card is defined as:
A type of credit card issued to people with substandard credit scores or limited credit histories. These cards will typically carry much higher interest rates than credit cards granted to prime borrowers; they also come with extra fees and lower credit limits.
In other words, these credit cards are made especially for those with bad credit scores and are seeking credit through any means available. Some may be desperate enough to fall prey to predatory lending practices but I bet even they …

The Internet is your oyster
It cannot be denied that the World Wide Web brings numerous benefits and rewards to people all around the globe. Be it for work and play, we constantly rely on the Internet for our everyday needs and wants, and now it is proven that more and more consumers are looking to the Internet to complete their daily transactions via Internet banking. When Internet banking first appeared on the scene, many were sceptical that this concept will work, what with its myriad of pros and cons. However, …

Just when we thought it was safe to use credit cards this year, the start of 2010 saw predictions that more card issuers in the US will be implementing annual fees. At the moment, only 1 in 5 cards have annual fees attached to them. Bank of America and Chase are said to have implemented the move by reintroducing fees as much as $99 per year. Previously this was a highly unpopular move amongst issuers but industry experts say that while consumers are more careful about what they spend now, …

How would you like to use your iPhone as a credit card reader someday? For some, this may sound like an absurd idea but it has been announced that this could happen in the very near future! An innovative company called Mophie is set to revolutionize the credit card consumer and merchant industry by introducing a device that allows users to “read” their own credit cards when they purchase items. This gadget is connected to the iPhone and ultimately an iPhone app will be needed to make this possible but …