Question When Is A Credit Card Better Than Cash Answer When Its Stolen

Writen by Daniel Ninete

For many people, bring up the term, "credit card," and they'll roll their eyes. Most of us understand the powerful pull that pulling out the plastic has on us. It's almost addictive, the ability to pull out your credit card and use it to charge anything, anywhere, anytime. Many money counselors will advise you to lock your credit card up and go on a cash basis if you're having a hard time with your debt.

But what many people don't realize is that carrying credit can be a lot better than carrying their cash and here's why: the Fair Credit Billing Act (FCBA). If you're carrying your plastic and lose your wallet, you'll never have to pay more than $50 of unauthorized charges to your credit card. Depending on how much cash you carry along in your wallet, this can save you some money in the unfortunate event that your wallet or purse is lost or stolen.

According to the FCBA, if you report that you're credit card is lost or stolen before it's used again, you're not responsible for any of the unauthorized charges. Otherwise, the maximum amount that you're legally responsible for is $50. Something else to consider, if only the number was stolen and not the card, then you're not liable for any of the charges that the "number" thief puts on your credit card account.

Keep a list of your credit card numbers along with contact information for the credit card company some where handy but separate from your actual credit card. This way in the event that your card is stolen or lost, you can more easily take care of reporting your loss. Hurry, those minutes saved might save you $50!

For more information on what to do if your credit card is lost or stolen, take a look at what the FTC has to say at http://www.ftc.gov/bcp/conline/pubs/credit/atmcard.htm.

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What To Look For In Business Platinum Credit Cards

Writen by Daniel Cohen

Having a business platinum credit card is quite convenient and important in order to have enough purchasing power in the business to outdo your competitors. A business platinum card can help you with extra funds to purchase a certain commodity or service at the right time. Let's look at some features, which are integral to a quality business platinum credit card:

1. Universal appeal: Your business platinum credit card must be accepted at all the leading business establishments or service agencies all over the globe.

2. Convenience: The card should not have a preset spending limit, offering you the choice to fluctuate your expenditure according to business needs every month. You should be able to spend the way you want and when you want without any qualms. Also the credit card organizations should make it convenient for you to make payments in easy installments if you make large purchases.

3. Rewards: With a business platinum card, you can get cash back and free air tickets or discounts on chosen destinations or even good offers at car rentals or hotels through frequent flier air miles. Since a business customer tends to make payments in full every month, he is rewarded with a lot of offers and perks that help him save money in the business. The interest rate charged is also fairly low to attract more business customers.

4. Cost cutting: The credit card statements online or on the paper help you ascertain the break up of your business expenditure. This feature is something to look for, in the business platinum credit card especially if you have multiple accounts. Find a business credit card which offers you business management tools that can help you administer your overall finances, inclusive of credit cards.

5. Business Insurance: Choose a business platinum credit card which does not charge you a single dime for loss, theft or damage of supplies. You should be reimbursed for the charge of an item which is inferior. If somebody makes a charge on your business platinum credit card, which is not authorized by you, you should not pay for it. Ensure that the business platinum credit card that you choose has all such provisions intact.

Daniel Cohen recommends Find Credit Cards for comparing different business platinum credit cards.