My Personal Finance Blog

Both Chase and Bank of America offer instant approval when you fill out your application online. This service is helpful for those who would like a credit card instantly, as well as those who would like to inquire and see if they are accepted.

If you are working on improving a less than perfect credit score, using online instant approval is one quick way to see how you are doing. By simply filling out the information online, you will get an answer back from the issuing company within sixty seconds as to whether or not you are accepted.

Once you are accepted for a card credit, instant approval means that your new Bank of America or Chase credit cards will be in your hands within five to seven business days of your application’s acceptance. You will be able to use all of the great services that Bank of America and Chase credit cards have to offer, such as no annual fee, a zero percent introductory annual percentage rate that covers not only your purchases but also your balance transfers, and high credit lines.

There are other benefits of using your newly available card credit. Instant information about your account activity, points management and balance is available when you need it anytime of the day or night through online customer service. This is a handy feature for people with an especially busy lifestyle, because you can check on your Bank of America and Chase credit card’s information at your convenience anytime it fits into your schedule.

Many Chase credit cards, as well as Bank of America cards are available with no annual fee. Credit card companies want your business, and many are willing to offer a annual-fee free card in order to get it. Plus many of the instant approval credit cards offer great rewards and discounts. You can earn points that you then turn in to redeem for cash, products, gift certificates for restaurants, and the very attractive travel bonuses.

You can select from Visa or MasterCard brands offered by Bank of America and Chase. These two famous logos are recognized and accepted at your favorite restaurants, hotels, theatres, and stores around the world, making them very useful not only for making purchases at home but also when you are out and about traveling. Taking advantage of card credit instant [http://www.consumercreditoutlet.com/] approval programs is an easy way to access the benefits of credit as well as check in on your current standing.

In 2010, 1.5 million people are expected to file for bankruptcy and even more in 2011. If you are one of these people who are considering the process, there are some important things you need to know. In a bankruptcy filing, any money that is in your bank account, at the time of filing, technically is property of the bankruptcy estate. If you don’t have an exemption to protect it, the bankruptcy trustee can possibly take some or all of it. Legally, it belongs to the bankruptcy estate. Sometimes banks try to be helpful by freezing your account where you have no access to the money, even if you have an exemption to cover it. This can turn into a terrible situation for the debtor, when checks for bills start being bounced for insufficient funds. Knowing this in advance, it’s a good idea to pay your bills with cashier’s checks, so you don’t end up getting evicted from your apartment or home. Banks generally have the right to offset a debt with the bank account, but they seldomly do it. Many times when a bank is notified of a bankruptcy filing they immediately freeze the bank account and ask the court to access the funds owed to them.

When using a credit union, most consumers are oblivious to the fact that the credit union they keep their money in has a cross collateralization clause in their terms contract. A cross collateralization clause is the Dragnet clause to secure the money in your account against your debts. Many debtors use credit unions for automobile loans and don’t realize that the money they have in their account can be attached to their payments if they get behind. This becomes a problem for individuals that are filing for bankruptcy that want to walk away from their car and give it back. If there is a negative balance and the credit union member has money in their account, the credit union can take it as it was security for the loan along with the automobile itself. These time bombs planted in the fine print of a loan agreement also include credit card debt. Many people who belong to credit unions do all of their banking, credit union credit card, and car loan through the establishment. Where the situation gets very ugly is when a debtor gets themselves in financial trouble and has to file Chapter 7 bankruptcy. Say for instance, they decide they want to keep their car and continue paying for it, but they also owe a large balance on a credit card that they want to include in the bankruptcy to discharge it. When you reaffirm the debt for the automobile you will see that the credit union included the credit card and auto loan together making you owe a large amount if you want to keep the car. In this case, it would probably be the best to give the car back and include the entire amount in the Chapter 7. This is something that consumers should be aware of even if they’re not considering bankruptcy. Credit unions usually have attractive rates on car loans but they usually include one of these clauses. With so many landmines and a bankruptcy filing, it’s very important to consult with a local bankruptcy attorney to avoid any problems that might arise in your personal situation.

If you are searching for a Bank of America Platinum Plus Visa, the following information will distinguish the two credit cards and aid you in your search to find which card is right for you.

Bank of America WorldPoints(TM) Platinum Plus Visa

Unfortunately, the options to get a new credit card are severely limited for people with less-than-desirable credit histories. The restrictions are so stern, in fact, that many consumers with bad credit are unable to buy simple consumer goods, or are slapped with very high interest rates.

There is good news, however, and it comes in the form of ‘no bank account’ credit cards. These cards allow people with low credit ratings and no bank accounts to enjoy the purchasing power of a credit card.

‘No bank account’ credit cards are usually pre-funded, meaning the cardholder ‘reloads’ it with money in order to use it. This arrangement is perfect for people who want to control their spending and limit themselves only to what they can afford. Most individuals recovering from bankruptcy use this type of card. It not only reestablishes credit history and demonstrates financial responsibility to creditors – it also affords users the convenience of a fully-functional credit card while living within their income.

If you are thinking about getting a ‘no bank account’ credit card, do not hurry – you should first shop around for the best deals.

The best ‘no bank account’ cards offer the same benefits as a regular credit card, such as rewards programs and online access and management. The card should be accepted in millions of locations around the world, and have ATM access for easy cash withdrawals, and other such convenient features.

You should also find a credit card provider that does not ask for annual fees or transaction fees, and offers free customer support either via the telephone or online. Some companies even go so far as to provide ‘wireless alerts’ to ‘no bank account’ credit cardholders – such a service will enable you to easily keep an eye on your account via text messages (SMS). The added features will certainly help you budget your finances even more effectively.

Almost all the U.S. banks offer a good selection of credit card options. Before applying for a bank credit card, one must be sure to meet the eligibility criteria established by the bank. Even though the terms and conditions offered by each bank are different, the basic requirements to obtain a bank credit card are almost the same. To qualify, the person needs to be a permanent resident of the U.S. or a U.S. citizen, with a social security number. The minimum age requirement for applying for a bank credit card is eighteen years or more. Another criterion is to have a minimum gross annual income.

Even if the applicant meets the above-three core criteria, he must have a good credit history/credit report to get a bank credit card. The credit history can be obtained from national credit bureaus, which gather and sell credit information. If the report shows a history of financial troubles or delayed payments on previous credit cards, then there is an increased chance of becoming disqualified.

One of the easiest methods to establish a credit history is to apply for a small loan or a line of credit from any bank. For the applicants with bad or no credit, secured credit cards are issued by the banks, which help them to regain or rebuild their credit.

Bank credit cards with a low interest rate are available for students. To obtain these, the applicant must be a full-time or part-time student of an accredited two- or four-year college or university. Student bank credit cards enable them to start building a solid credit history.

Once the above eligibility criteria are met, the person can apply for a bank credit card. This is done by completing bank credit card applications, which require personal and financial information about the person. If the details mentioned are not accurate, the bank may refuse the credit card.