All posts in Credit Card

5 Reasons Why Using Prepaid Payroll Card Is the Best Alternative to Traditional Payroll Methods

A highly challenging task for businesses these days is handling payroll activities. From dealing with the paperwork and the complex procedures to facing the risk of cheque fraud on a regular basis, the inefficiency that traditional cheque payments bring are considered to be inconvenient and are a burden to any accounting team. These reasons, amongst others, are why businesses are switching to prepaid payroll cards as their primary payroll solution. Continue reading →

Credit Card and Personal: A Tale of Two Loans

Before the advent of credit cards, consumers could rely on personal loans to access shot term credits relatively easy. But what exactly is the persona loans? It starts by borrowing a fixed amount of money for a fixed period of time. What differentiates one loan from another are the interest rate and fees. This type of financial product was never too exciting for the banks because its nature is simple, transparent with expected gains. And then the credit card hit the stage.

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Driverless cars to change the car insurance industry?


While the world and his wife (husband, partner etc) have been entirely focused on car emissions and alternative fuels, another technology, which could revolutionise the world of motoring, has been quietly advancing.
That technology is the driverless or autonomous car. These vehicles first came to public attention when it was announced that Google was trialling them in the US. Now a number of US states have passed legislation to allow them to drive on public roads. And it’s not only Google. Suddenly every car manufacturer is busy developing and trialing the technology. Similar trials have been conducted in the UK and according to the BBC, the UK government is determined to stay at the forefront of developments.

A crash-free future

All well and good but how does that impact the car insurance industry? Well, the thing about autonomous cars is that they don’t crash. The Google car, for example has covered 500,000 miles without a single incident: not a prang or scrape to report. That is about five average car life spans without a single ‘claim’. This is all to do with the way these cars navigate. They use lasers, cameras and GPS navigation to determine their position and look for any obstacles. Should they sense any danger, they can react much more quickly than a human driver.

And it gets better, much better. Autonomous cars don’t break the law. They don’t show off to their friends or jump lights. They can also see in the dark or fog, perfectly. They don’t speed or drive aggressively and they don’t have road rage. Furthermore, autonomous cars talk to each other and to cameras and sensors across the road network. If there is an accident or breakdown up ahead, they know about it long before any driver could see it. Any problems are avoided before they are even encountered. It is worth saying again: autonomous cars don’t crash.

Tumbling premiums

As autonomous cars spread (and they will, quickly) all of these safety benefits only get better. In the early years they will still be vulnerable to being bumped by those old fashioned human drivers but as the technology becomes standard, this risk will disappear. Very soon you could see such cars become totally mainstream, entering the used car market through sites such as and saturating the market. This is why the autonomous car will have a game-changing effect on the car insurance market. If cars don’t crash, there won’t be hefty claims from motorists, therefore the price of premiums should tumble.

Surely there are other factors that will ensure we still have high premiums, such as theft? Well, no. The same technology that guides the car will prevent it from being stolen. Cars will be started by biometric identification, a simple pin number or from your smart phone: it isn’t going anywhere unless you want it to. If it should move off without you, simply tap your smart phone and tell it to come home. The day of the car thief is over.

The car insurance industry as it is will not be able to live on the resulting tiny premiums. It will morph into breakdown cover and other services but the days of sky high premiums are surely numbered.


Five Financial Resolutions That Work All Year


In today’s fragile economy, making resolutions once a year is a luxury few can afford. With medical laws changing, investment sectors in an unpredictable state and the housing market less than robust, it has become important to reassess monetary tactics as often as you pay off your debts. There are a few core resolutions that need to be followed regularly to keep your bank account healthy.

Consult with Your Team

Those who are willing to admit they don’t know it all are open to a higher level of expertise that can keep those portfolios, debts and accounts tidy throughout the year. Financial planning has branched into a number of niches, ranging from retirement income planning to insurance underwriters. For those in long term relationships, a coordinated group of professionals will probably include a spouse or partner, given that every choice has impacts that are far from individual.

Plan Your Retirement

Life may seem short but retirement could last thirty years or more, making retirement plans a crucial life strategy that needs to begin at the latest in your thirties. Retirement benefits gleaned from employment are useful but far from a complete solution. An investment and savings plan, which includes the decision to buy property or rent it, are necessary measures for preparing for that beach home you’re dreaming of when you retire. Retirement funding is best achieved when every return is fed immediately into your portfolio once nuts-and-bolts living costs and debts have been covered.

Maintain Your Budget

Every now and then, socks need darning, cars need servicing and budgets need refining. It is said that it takes three weeks to create a habit, even a bad one. Overspending is easy to slip into without noticing, so every few months, it’s a good idea to add up those unnecessary expenses, calculate what their annual costs are and consider what you would have preferred to do with the money. According to Janet Rae-Dupree of the New York Times, the mere act of breaking those negative behaviors improves your general awareness of other elements needing a change.

Rethink Your Financial Future

Once you have done all the balances, budgets, and organization, it is time to reconsider your goals. Interest rates change, homes gain and lose value and tenancies become more expensive.

Reassessing whether your financial plan is serving your goals helps you to continually reach for higher things. You might need to improve your income through study, fast-track your retirement, start your own business or buy a new home. As long as you don’t forget to dream, can help you fulfill your goals.

Manage Your Housing

Those who tend to travel for work need the mobility of a tenancy, but that doesn’t mean home ownership should be cast aside. Property investment should be organized with a focus on cash flow gained through rental, not appreciation, since the latter can never be guaranteed. An individual who is less mobile and chooses a fixed rate mortgage can avoid the inflation rent is prone to. Better yet, a home that is fully paid off offers free room and board in your golden years.

Live Freely with a Suitable Retirement Plan

The present state of the economy has made it very difficult for the average homeowners to manage their day to day finances with their salaries. But since they have a regular source of income they can somehow manage them. But what about those who have no such source, especially the retired individuals? With their fixed resources rapidly depleting by the day, they are being driven to the edge of desperation.

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VISA Chargebacks Explained

The so called Section 75 rules which were legislated back in the seventies to compel credit companies to take responsibility in the event that purchases transacted with their credit cards failed to go through for one reason or the other did not fully cover some transactions done with some other cards such as Visa.

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Are Store Cards Worth Having?

Store cards can be outrageous when it comes to interest rates. Many charge a whooping 25% interest or more. However, it is possible to use these to your advantage.
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Should I Keep My Charity Credit Card?

The charity credit card comes with tags like “donate while you spend”. So the question many ask is whether I should keep my charity credit card?

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