Archive for May, 2009
Blue from American Express
from youtube
The RFID Credit Card Since June 2005, all American Express issued Blue credit cards have been imbedded with an RFID (Radio Frequency Identification) transponder, in addition to the traditional credit card magnetic strip.
According to American Express, the greatest advantage of making use of an RFID system is that it speeds up transactions. Statistics gathered during the Proof of Concept and Pilot phases of the project showed that payment by the RFID Blue from American Express card is 63 percent quicker than paying by cash and 53 percent faster than paying by following the traditional credit card process.
The RFID Key Fob In conjunction with Texas Instruments RFID Systems, American Express also launched an RFID key fob that any holder of a Blue from American Express credit card is eligible for. The key fob fits onto most key chains and can be used instead of your credit card to pay for everyday purchases such as fuel and foodstuffs. This effectively means that you don’t require to take your wallet with you when you go shopping.
As a Blue card holder, all purchases made via your RFID key fob, are directly charged to your credit card account. These charges will appear on your monthly credit card statement. To enable you to differentiate between purchases made by RFID key fob and by card, ExpressPay purchases are highlighted as is the name of the merchant, the date and the amount spent.
Read the rest of this entry »
Low Interest Credit Cards
from youtube
When it comes to comparing credit card interest rates, you’re going to want to check out the credit cards that offer you a low interest credit card. When you find a credit card with a low interest rate then you’re going to see what all they’re going to offer you once you become a new credit card holder with them. You might find that you can receive several different kind of rewards with certain credit card companies.
One thing that you’re going to want to check out with the low interest credit cards is what the interest rate is once the introductory period is up. Some might charge you a high interest rate after the intro period so they’re able to make up for the lower interest rate credit that you originally applied. Others are going to offer you a fixed rate for some new credit card applicants so that they don’t have to worry about their rates going up in the near future. When you’re offered a fixed rate you might want to check to see if you’d better off if you went with the credit card that does offer you a fixed rate on all purchases, cash advances, and balance transfer.
There are several different advantages for the low interest credit cards. If you’re going to do a balance transfer from another credit card then you could save a lot of money by paying off the balance transferred from a higher interest credit card to a low interest credit card. That will really work if you’re going to pay off the balance that you transferred before the introductory period is up. One thing you might notice is that you’re going to have the lower interest rate on the new charges that you do. Yet you might end up paying a higher interest rate if you do any cash advances on the credit card.
Read the rest of this entry »
