How To Deal With Credit Cards – A Definitive Guideline

Various types of credit cards are available in the market. They have evolved from their early days into flexible financial tools for most types of spenders and savers. But with so many types of credit cards on offer it can be somewhat overwhelming. Few examples are Airline credit card, Balance transfer credit card, cash rebate credit cards etc.

  • How to choose the Right Card?

There are literally tens of hundreds of credit cards on offer in the USA, and the list is growing daily. So, which is the best on offer? It very much depends on how each person plans to use their card. The answer lies in asking one simple question; “What do I want to use a credit card for?”

  • Applying For Credit Cards Online

This option is simple and most convenient. More and more people are applying for credit cards online. Along with online auctions, and shopping, signing up for credit cards, loans and insurance has been one of the fastest growing commercial activities on the net.

  • How to decide which credit card is suitable for me?

First decide what YOU are looking for then search the web. There are some bigname credit cards that might charge the earth for you to have the privilege of carrying their name in your wallet. Most of them are not worth the extra fees. But what makes a card worth its salt? And what steps should you take in choosing the right card?

  • Rate Tart Are You One?

Rate tarts are the smart shoppers of the credit card world. They play the system to avoid paying interest on purchases, borrow money for free, and even make money on that borrowed money! The idea is simple. DO NOT leave any balance in your credit card and pay in FULL before the next billing cycle.

  • Quick Balance Transfer

Balance transfers allow card holders to transfer the money they owe to their existing credit card to another, usually at a special rate of interest. The new credit card company pays off the old credit card debt and transfers it to the new card.

  • 0% Balance Transfers What’s The Buzz?

Balance transfers can be a good way of managing large sums of debt. The idea is simple. You have a large debt, loan, store card balance or credit card balance

  • Cash Back Credit Card

It seems almost too good to be true; a credit card company giving back money to the user just for spending it in the first place! However, as with all good deals, there are terms and conditions.

  • The Value Of Having Branded USA Credit Card Loyalty Programs

Anyone who has taken even the briefest of looks at the USA credit card industry will immediately notice that there are well over a thousand credit card providers. However, even in this hugely competitive industry, there are still only two main types of card available – the Visa card and the MasterCard.

  • Secured or PrePaid Credit Cards

So you need a credit card for emergencies, peace of mind, or for your teenage child but aren’t willing to go into debt for it? The answer might just be a secured or prepaid credit card.

  • Airmile Credit Cards

These days most major USA credit card providers offer a vast array of reward programs to try and entice potential new customers to apply for a card. Since the inception of reward packages, one of the most popular packages that applicants go for is airmile credit cards.

  • Business Credit Cards

If you are either the owner or Chief Financial Officer (CFO) of a business and do not have business credit cards, then the following 10 reasons might make you want to rethink your business credit card strategy.

  • How To Manage Your Store Card

Many major outlets offer store cards. These provide an easy way for consumers to defer payment for purchases. Store cards are promoted over public address systems in shops and by shop assistants at checkouts. So it’s no surprise that there are millions of store cards accounts in the USA.

  • Identity Theft

Identity theft is a major issue in the USA, and with good reason. It has been estimated that it can take up to sixty hours of work to recover a stolen identity, and in the worst cases, cost up to thousands of dollars to put right. But what can be dome to prevent this?

  • Payment Protection Cover For Your Credit Card Is It Worth The Cost?

Payment protection cover states quite clearly what it is but what are the ins and outs of the policy and its worth considering taking out payment protection cover on your credit card.

  • Credit Card Charges

Credit cards appear to have only one cost to a user – the interest charged on purchases, but there are a whole raft of hidden charges just lurking below the surface. So, some cards offer an annual payment option in return for certain benefits. What is the best option, and in what circumstance

  • Smashing The Credit Rating Myths

It used to be said that there were two certainties in life – death and taxes. Today you can add a third – credit. Today, it is almost certain that at some point during your life you are going to need to apply for credit. This credit may be either be in the form of a credit card, charge card, hire purchase, personal loan, home loan, etc.

  • Credit Building Tactics

Much is written about credit ratings, the score against an individual’s name, that rates their eligibility for credit.

  • Credit Reports

Every time a customer applies for a financial product such as a credit card, the credit company will consult that customer’s credit file. This file records all their financial activity in terms of credit applications and banking activity.

  • Credit Card Options For People With Bad Credit

There are many items that you can only pay for with a credit card. If you want to book a holiday on the Internet, a credit card is a secure way to pay. And if you want to hire a car when you get to your destination or booking a hotel room, a credit card is your only option.

  • Do You Need To Have More Than One Credit Card?

Deciding whether or not to have more than 1 USA credit card can be a difficult decision to make. On the one hand, you want to keep a careful control on your personal finances and having numerous creditors makes this difficult. On the other hand, it can be convenient to have more than one credit card, for example in an emergency. So, you should have more than 1 credit card.

  • Credit Card Disadvantages

Credit cards are everywhere; figures show that the average card user has over 4 credit cards in their wallet, and there are more cards always in circulation!

  • Common Credit Card Mistakes

With credit cards now outnumbering people in the USA you would be right to assume that not everyone in this country uses their credit cards either correctly or wisely. But what are the most common mistakes that credit card holders make when using their credit cards?

  • Are PreApproved USA Credit Cards A Scam?

Appropriately know as junk mail, every now and then you may find a nice glossy letter on your doormat informing you that you have just been ‘preapproved’ a USA credit card. With your pulse racing, you start to believe then hype of what a wonderful customer you are and how much your custom is valued. Hold on tiger – you may well be falling for one of the biggest credit card scams going!

  • Visa or Mastercard?

The two main credit card types have battled it out since the mid 1960s, but the credit card revolution was started in earnest by American Express, in 1958. Soon, their card was the choice to pay at hotels, airlines and restaurants.

Women’s Credit Card – How To Be One Step Ahead Of Credit Card Companies

Women’s Credit Card – Compare Women’s Credit Card and find out what is low APR and balance transfer credit cards.

Have you ever wondered why you get credit card offers in mail when you have not even made a request for it. If your name and address is in public information system than by now you must have received many credit cards offers. Each giving better offer than other competing credit card company.

With so much information to process will lead to confusion and wrong acceptance of credit cards. Choosing a right credit card is a daunting job, it needs careful analysis and close scrutiny of fine points written in small fonts. Special attention should be given to credit card rates, when new higher rates will apply. Give importance to reading terms and conditions of credit cards. You will get new understanding of how credit cards work. Before you start applying credit cards you need to know few important terms used in credit card. By knowing these terms will help you applying for a correct credit card.

Credit Cards

As you know small plastic card known as credit card is in dimension of 85.60 X 53.98 mm. As the name suggest you get moneyon credit or you buy things in market on credit. The credit card differs from Debit card because when you make purchase by using your credit card it doesn’t remove money from your bank account. where as when you do purchase using Debit card it removes money from your bank account after every transaction you make.

When you make transaction using credit card the credit card company lends money to merchant where you did shopping. Usually you get one billing cycle money on credit without any interest being charged to you.

All is required from you is to pay full balance before due date to avoid interest charges. In case you have made big purchase which you can pay in full in one month, try paying off balance as soon you can to avoid more interest charges. In case you are not able to pay money back to credit card company please ensure you pay at least minimum balance required by due date. Usually this amount is little and it helps you to keep your account in good standing. Ideally this option should be avoided as it will pile interest amount on your borrowed amount and in no time your borrowed money will start swelling.

Credit card company issues credit card to user after his/her request for application has been approved.

Every credit card company will set credit limit for each customer based on his/her credit strength
The credit card user will make purchases by using issued credit card.

The credit card on average is in dimension of 85.60 x 53.98 mm

Every credit card has number written on it by which your account is identified.

Some of the known credit card companies: Chase – Bank of America – Citigroup – Wells Fargo – American express – discover etc. Practically every major bank issues its credit card to users.

When you make purchase at any merchant you sign a small receipt acknowledging you will pay same amount to your credit card company.

Few of the transactions can be done over phone, such as airlines and hotel booking, by giving your credit card number and expiration date etc. Please be care full when making such transactions. Ensure you do such transactions with trusted parties.

Almost all merchants or store owners have credit card verification system, while you swipe your card for payment it is checked in background for fraud or missing card status.The credit card payment terminal or Point of Sale (POS) system helps store owners to do verification with issuing credit card company’s system.

The security code of credit card is printed on back of credit card.

Each month credit card company will send monthly statement to credit card users. The statement will include details of transaction made by credit card user. The important details will be visible such as day of transaction, merchant’s name, amount paid etc. This information helps you to cross verify purchases made with amount charged on credit card.

The credit card statement also gives other information such as billing cycle, due date (payment date), total balance and minimum payment you can make.

The grace period is the number of days to make payment back to credit card company from the day he/she made purchase.

The credit card companies form associations and many bank become member of these credit card associations. The known associations are VISA, MASTERCARD,DISCOVER, AMERICAN EXPRESS etc.

Electronic transaction processing network, which allow electronic transaction to work through secure system. Following are few companies which are in this business. NDC Atlanta, Nova, Cardnet, Nabanco, Omaha, Paymentech, Vital, VisaNet and Concord EFSnet.

Secure credit card: Some credit card companies issues secure credit card after applicant has deposited 10% of credit limit into his/her account. This type of account is for new users with very little credit history to show.

Pre-Paid Credit Card: This is not really a credit card, because no amount is borrowed from lender. This type of credit card is used by students when their parents deposit required amount into account for their shopping. This type of credit card comes with VISA/MASTECARD logo thus is called pre-paid credit card

Security of credit card is dependent upon the number on credit card. Few merchants will allow certain types of sale by just getting credit card number. Ensure you don’t compromise security of credit card.

You can also withdraw money through credit card at ATM’s using your secure pin number
Annual percentage rate (APR): Learn what is APR and how it is calculated.The annual percentage rate is the interest you will be paying on borrowed money to lender.

The APR rate applicable to your account will differ from the rate which was given as introductory, partly because of few month introduction rate and other fees get added to final interest calculation.

In simple terms APR is monthly interest multiplied by 12 months will result in annual APR rate. This assumes there is no other fees involved.

Balance transfer: Why would you transfer debit amount in your credit card to other card. the reason could be better interest rate and terms. some of the credit card companies give introductory offers such as no interest on balance transfer for 6 months to 2 years.

These offers are good when you are paying high interest rate or you have high balance on credit cards and you are looking for cooling period to fix your debits.

How important is to protect your Credit Card

This small plastic card which you carry in your wallet is very precious more than your jewelry you wear on your body. The security of credit card should be taken very seriously. Once your credit card is stolen, your account information is known to others, it will take good time before you will get those charged removed from your account.

Meanwhile your credit rating will take hit if there is big charge on your credit card and you are not able to settle those charges. take every effort to safe guard security of your on-line identity and security of credit card.

 

What Is a Software Development Life Cycle?

A set of instructions for the computer to read and understand to perform a specific task is called a Software. Software development is the process to use computer programming to develop a software. This is not new for many, but the topic under consideration will be new for many. SDLC or Software Development Life Cycle, is the process of developing a new software.

The process of developing a software is not difficult to understand. The procedure of SDLC goes like this:

  1. Gathering and then analyzing the requirements to develop a software
  2. Designing of the software
  3. Coding or programming
  4. Testing the software
  5. Deployment
  6. Maintaining the software

Gathering and Then Analyzing the Requirements to Develop a Software

This is the initial phase. Like starting any business, starting to work on a new software requires a plan. The planning phase will include the project managers, stakeholders and even some senior software developers. No matter how professional or for how long the software development company has been operating, the planning is not an easy phase to follow. Although, it would take less time for experts to plan a new project and then to start working on it but still there will be some questions that must always be answered before taking on any project. Following are some questions, which needs answers before taking on the project:

  • Who will be using the software?
  • How they will be using it?
  • What is the required data to input?
  • What will be the output of the input data?
  • What is the purpose?
  • What skills are required?Will there be a need to hire new personnel or the current staff have the right skills and the capacity to work on this new project?

Find their answers. Is the project worth it? A thorough analysis is required here. There will be more questions that need to be answered before taking on this new project. All the work is documented for future reference.

Designing of the Software

Now comes the second phase, the designing of the software. On the basis of the documentation and the results of the first phase, the system and the software is given a design. From this, the developers comes to know the requirements of the hardware and system required to complete their new project. This phase will also define the system architecture. The designing phase will set the requirements for the next phase.

Coding or Programming

Here comes the role of the software developers. The system design documents are now divided into modules and the developers now start their job. This is going to be the longest phase of all. Programming is done here and it’s known to all that programming isn’t an easy job. It needs plenty of time, expertise and patience. Once done, the software developer sends their work to the tester.

Testing the Software

When in the production business, the quality of the product is always monitored and tested. So is the case with a software development. When the coding is done, the software developer sends their work to the Software Quality Assurance department /personnel. They will overlook the work of the software developers. The software quality assurance or the SQA for short will look for bugs and test the software. The test will be made as per the requirements and the guidelines mentioned in the requirements document. Unit testing, integration testing, system testing, acceptance testing is done by the SQA and if found deviations or errors, it’s sent back to the software developer. The procedures will keeps on repeating themselves until the software is bugs free and ready to deploy.

Deployment of the Software

On successful completion of the software and the testing, it is sent to the concerned client or is available to the public.

Maintaining the Software

Only the non-serious professionals or the ones not willing to carry on their business will not look back to their software but the serious developers will. Every software needs updating and maintenance. Whenever the software encounters some troubles, the software developing company will be there to fix it.

SDLC follows a simple procedure and it doesn’t require you to be a businessperson to know all the phases of SDLC. Every software developer and software developing company knows it all. So when hiring a software developing company you can rest assure that the procedure will be done in a professional way and the best product will be delivered.

Which Software Testing Company?

Software Testing Services

A key area to focus on when considering a software testing company is its software testers. Today there exists two popular certifications, ISEB and ISTQB. Try and ensure that the software testers at least hold these certifications at foundation level. Another factor with regards to software testers is the amount of experience they have. Many software testing companies state that there testers have five years I.T. experience. But reading between the lines, this simply means that they have five years experience anywhere in the field of Information Technology. You should really ask the software testing company, how many years professional software testing experience they actually have.

Many software testing companies offer a wide range of software testing services. Caution should be used though, as many of these companies will advertise these services but may not necessarily have the expertise to perform them. The types of software testing services that any professional company should offer is:

Test Case Creation

This very popular service typically involves creating detailed test cases that not only can be used on the project under test, but also due to their high quality can be re-used on future projects and form a high quality test documentation asset. Good testers will accumulate all required information necessary to produce the test cases, typically from design documentation, requirements and developer interview. Once the information has been analyzed a software tester will create a sophisticated excel spreadsheet which includes test cases, results sheets, environment setup and version details etc. Clients are involved in every stage of test case development in the form of a test case review process.

Functional Testing

Typical software products today include large amounts of critical functionality and complex features, added to this significant time pressures to get the product released make functional testing one of the most important stage of any software development. A software tester’s manual functional testing techniques have been proven to be highly effective at essentially determining whether or not the functionality actually works, or not. Versatile software testers can work from their own created test cases or use any pre-existing test cases you may already have. Good software testers readily use ad-hoc techniques when executing any tests to expand the test coverage. The aim during functional testing is to highlight any issues as early as possible so the developers can resolve it. This can obviously effectively reduce the development costs to your company.

Usability Testing

In order to ensure your software meets the needs of the end user; Usability Testing can be used. Not only will usability testing detect errors, but it will also detect navigational issues, language issues, workflow experience etc. Good software testers put themselves into the mindset of the end user and will report on the ‘look & feel’ of the software under test. Good software testers often build a set of test cases based upon real end user scenarios or business cases to ensure the software is tested in a similar way to how the real end users will actually use the software. This type of software testing has been proven to increase the ROI of software developments by enhancing the end user experience and therefore potentially increasing product sales. As usability testing is trying to ensure that the end user experience is appreciated, we perform this type of testing manually.

Regression Testing

Regression testing is surprisingly often overlooked area of software testing. This is often due to the assumption that when new functionality is working correctly then the software is ready for release. However, more often than not, additional issues have been introduced that affect existing functionality. Software testers have the knowledge and experience to identify existing test cases that are suitable for regression. Regression test cases are commonly functional test cases that are reused at regular intervals throughout the software development to ensure that the expected results remain consistent, thus providing confidence that nothing has been adversely affected by change.

Acceptance Testing

Acceptance testing is typically driven by the end user or customer. Acceptance test cases are normally executed by the customer prior to accepting the product. But commonly, these test cases are also given to the software developers to ensure their product meets the level of acceptance before the end of development. Software testers can perform execution of these test cases to highlight any issues to the development team as early as possible. Software testers can also derive expected acceptance test cases from customer requirements for you. On a smaller scale our software testers can also derive smoke tests to act as a form of acceptance tests during stages of the software development life cycle.

System Testing

System testing of software is testing conducted on a complete, integrated system to evaluate the system’s compliance with its specified requirements. Good software testers treat System testing as an investigatory testing phase, where the focus is to have almost a destructive attitude and will aim to test not only the design, but also the behavior and even the believed expectations of the customer. Software testers will It is also test up to and beyond the bounds defined in the software requirements specification. This is test that if a failure occurs, that it is handled correctly by the software with as little impact on the customer as possible.

Exploratory Testing

Commonly, while the software is being tested, a good software tester learns things that together with experience and creativity generates new good test cases to run. Good software testers consider exploratory testing to be an approach that can be applied to any test technique, at any stage in the development process. Software testers adopt the exploratory approach during all stages of testing. However, many software test teams use the exploratory testing approach during the final stages of a development just to allow a software testers to roam freely throughout the software focusing on areas of functionality that the software tester has a ‘gut feel’ where there may be issues. This approach can often detect defects that have previously not been considered in other ‘more formal’ areas of software testing.

Installation Testing

Installation testing is a type of software testing that focuses on what customers will need to do to install and set up the new software successfully. The testing process may involve full, partial or upgrades install/uninstall processes. Good software testers will typically perform installation testing when a compiled version of code has reached the final stages of testing or pre-production environment, from which it may or may not progress into final production. By the use of virtual machines, software testers can replicate many different operating systems and environments to fully test installation of software.