A private label card is a credit card offered by a retailer to be used exclusively at its stores. The cards are usually managed by a financial institution and not by the retailer. It’s like your favorite store stamped its logo on one of your credit cards – it’s still a credit card, it just has a different design (…and you can only use it in one place).
Posts Tagged ‘credit card’
A Private Label Card is…
Wednesday, August 3rd, 2011Is it OK to buy stuff online with your credit card?
Monday, October 5th, 2009Shopping online is wonderful. You can shop in your pajamas, you can compare prices without going all over town, and you have virtually every store to choose from. However, many people are still worried about the safety of buying online. Fortunately, online stores have realized this and taken steps to ensure your credit card information stays safe.
You should never simply trust a website because it is a well-known brand. Check the bottom of the page to see what type of security the website uses. Here are several tips to keep your sensitive information to yourself:
- Use a credit card instead of a debit card when shopping online. Many credit card companies offer full fraud protection that keep you from being responsible for any fraudulent purchases. There are also pre-paid credit cards that you can get rid of once you’ve used up the balance. These cards aren’t linked to any of your account or personal information, and they make it hard for thieving hackers to steal a lot of money from you.
- One easy way to check the security of the website is to look closely the URL. When you are entering sensitive information, the URL should always be https:// instead of http:// which ensures it is secure.
- Lastly, it is important to shop at your own computer and not on a public one. Public computers could be infected with spyware and any information you enter could be captured by hackers.
It is important to constantly keep up to date with latest security features to make sure you are taking the correct precautions when purchasing online but following these tips is a first step to ensuring your sensitive informations stays safe.
Cash is…
Monday, August 3rd, 2009Cash is hard currency – money you can hold in your hands. Some businesses don’t accept credit or debit cards, so it makes sense to have some cash on hand if you’re passing through an unfamiliar place.
A Credit Card is…
Wednesday, July 1st, 2009A credit card is a card used to buy products on credit – get the item you want now, pay later. Credit card companies make money by charging high interest rates every time a customer fails to pay their bill in full each month and also by taking a very small percentage of each purchase.
Paying With Cash Could Soon Pay Off
Monday, June 15th, 2009The People vs. Credit Card Company X…
- When you buy something with a credit card, the retailer generally owes the credit-card company 1.5-2% (or more depending on the card) of the purchase price. Many retailers pass that cost onto their customers in the form of a 1.5%-2% price increase.
- But since there’s only one purchase price, customers paying in cash are actually paying more than they have to since the price includes a fee the retailers aren’t paying on that transaction.
- The U.S. Senate is trying to pass new legislation that would change that, allowing retailers to charge less for using cash. But retailer/credit card company contracts could get in the way.
Facts & Figures
- To abide by their contracts and offer price discounts, retailers would have to post two prices on each product, and the credit card price would have to be larger.
- The legislation would allow discounts for cash, checks, and debit cards.
Best Quote
“Cash customers pay a penalty because we take credit cards.” – Jeff Miller, President of Miller Oil Co.