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Over the last few years the rate at which the interest rate charged on credit cards has risen a great concern among campaign groups, industry groups, and consumers. A few years ago that resulted clampdown credit card companies see the charge that they made for late or missed payments is closed, and this has a real impact on their profits.

Over the last few years consumers have struggled much surprised to see their credit card interest rate increases, and the campaign has done its best to get this addressed. However, recently have revealed that the credit card interest rate now at its highest level in a dozen years, is very bad news for borrowers who have been influenced by a recession and may already be struggling to stay on top of their finances.

While the Bank of England base rate has been at its lowest level ever, at 0.5 percent, for almost a year on credit card rates continue to rise, leaving an amazing gap between the interest rate basis and the average credit card interest rates. As a result of this situation is now a former government adviser has called for an investigation will be conducted to see the great advantage of making credit card as a result of the widening gap between interest rates and interest rate basis.

Former adviser who has called the investigation will be conducted is Ros Altmann, who stated that interest rates currently average 18 per cent being charged by credit card companies are too high. Altmann claims that the gap between interest rates and card base lending rates on average could be the cause for the regulator to look into the costs imposed by the credit card company and then watching interest rates.

Credit card companies have tried to maintain the high level of interest they charge by claiming that this is a must because of high default rates from credit card debtors. The claim that they have to eliminate large losses resulting from default and must use a higher interest rate, among others, to try and claw back some of that lost revenue.

Credit cards have been one of the financial resources more popular, prompting two prominent benefits: an efficient method of payment for consumers and an important engine of the economy. The proper use of credit cards constitutes aid very timely for the management of personal finance. Among the benefits that you can obtain, can be listed:

* Reducing the risk of carry cash. You no longer have to worry about money or checkbook in all your purchases, mainly due to the great acceptance that have the cards in the trade points.

* Economic Solvency contingency as be: car repairs, hospitalizations in a hospital, among others.

* Provision of cash 24 hours through automatic teller machines.

* Promotions and special offers in certain products and services. Each credit card offers benefits programs and offers that you will discover through the notifications that you arrive in the year. American Express card, for example, offers rewards through its Membership Rewards Club, where you reward each time you use the card, thanks to a system of accumulation of points that can redeem for excellent awards. Also allows you to request additional cards without charge. Diners also invites you to its Global Club, where you can obtain 1 title for every 6 euro in your purchase, while more use the card gain more points to redeem in its Partner Programs. It also offers you offer in assistance services informatics, jewelry, health insurance, etc.

* Benefits and exclusive rewards derived from your credit history. For example, can offer free of charge renovation costs of either aspirate credit limit if you are paying good.

* Value-added services. The international credit cards, generally, if you are outside the country, they offer you travel assistance, in addition to benefits in life insurance and insurance automobile.

* Simplicity in the payment for services. With your credit card can pay for services such as telephone, ADSL, cable tv, among others.

You decide yourself what credit card you benefits more!

Josep Pacheco is a freelance writer and contributor to several web pages on finance and credit cards. It is also webmaster and translator and lives in Alicante.

In the world today a large number of people enjoying the benefits it means to have to hand a credit card, which will have to always available a resource with which you can make purchases of different types of products and services, with the excellent option to pay the amount invested in a later date, in other words is always count on a loan to the hand, and you can go paying; these characteristics have done that credit cards are also known as money plastic. Without a doubt credit cards offer great advantages, but there is a point of great care in relation to credit cards and are the actions that can be taken in cases of theft or loss of the credit card, because if they are not taken appropriate measures, it can generate some consequences rather unpleasant, so in this document will be given some tips to avoid serious consequences in the times that of the theft or loss of the credit card.

The main point that it must take into account in cases in which it after the credit card by theft or loss is to act quickly and very diligently to prevent economic problems in future.

Giving development to the above, in cases of theft or loss of the credit card, you must follow the following steps:

• The first we must do is put in knowledge of the situation to the company that provides the service with the credit card, so the best means to an early report is to make use of the phone to communicate with the company broadcaster, by what is good maintain the phone number of the entity in different parts. This is done with the aim of which are not of the most minimum possibility that someone use the card to load something to the account of the credit card.

• Apart from the so-called in cases of theft or loss of the credit card, it is good use other means to give information to the financial institution to serve as sustenance and support of the notification, it is possible to make use of media such as the pages on the Internet that has the banks, also send letters or personally in the facilities both to inform or to corroborate that has been given the blockade of the account.

• In any case is good to record the actions to notify the company broadcaster, and it should be noted the date and time, in addition to the name of the person who is part of the entity to which you will inform the fact of the theft or loss of the credit card or the conditions of the environment which has been used, which is designed to take elements in order to sustain the notification and thus avoid problems of responsibility for the loss of theft or loss of the credit card.

The cloning of credit cards or debit equivalent to the issue or copy of a plastic again with the same powers of the original, but without the authorization of legitimate cardholder.

Follows these recommendations for not forms part of the contents of people dashed:

- Uses the card in commercial premises duly established.
- Keep visual contact with your card to prevent the person who carried out the transaction the cone or copy through a skimming (special device that stores your data.)
- Used only in the apparatus of the point of sale (POS) and automatic teller machines (ATM).
- To avoid give information about your card (numbers, home, pins, among other data) to people or entities not authorized.
- Reviewed the states of account to verify the correct use of the card.
- Destroys the documentation in which appear data (numbers, name, address) on the card.
- Hires the warning services or notices that offer the Societies of credit information (Buro of Credit. Circle of Credit) so that you send, via cell phone or e-mail, any modification or use of the information contained in your Special Report of Credit.
- Avoids answering requests or requests for information (numbers) that you receive through e-mails.

Then he detailed the errors more common in is one of credit cards:

1. Use too many cards. The majority of the times a credit card is sufficient to meet the needs of a normal person. More cards mean more purchase impulse and more spending and debt. Several credit cards are also given the feeling that it has money and that makes lack spend necessarily.

2. Passing through high interest rates to launch. Interest rates to launch tend to be very low. The people often coupled with these rates so low, without neither knowing when just this period of launching nor soon will be the interests once completed such period.

3. Not to read the fine print of the contracts. This is a mistake very often. It is extremely important to read all the fine print, the charges, interest rates, the period of promotion etc.

4. Pay only the minimum payment. This is another error very common. Credit cards should be used only in case of emergencies. The people should understand that the money from the card is a credit which must be returned and that does not constitute any additional income regularly. With the minimum payments, the problem is more, because it is very difficult download the outstanding balance.

5. Pay afternoon: With the cards you always have to pay on time, otherwise you charged commissions abusive. All this without taking into account, the possible annotations are the records of delinquent.

The first bank to begin testing with the new card 2.0 will be the Citibank, it will in November, a new type of card that stores and links multiple accounts of savings and credit, and that includes security features unprecedented, and in mid 2011 plans to expand its entire user base.

In mid-September, Dynamics, the signature creator of the card, had stolen all the praise in the annual conference for entrepreneurs technological DEMO, held in San Francisco.

This card futuristic is different from its predecessors in every sense. Today, the cards more advanced have a chip, which can only handle banks. The Card 2.0 also includes a chip and a battery that lasts until 4 years, and includes buttons, and displays graphics. Even so, no ceases to be as flexible as a card normal.

Several banks are testing the technology of Dynamics, but Citibank them ahead with all your card 2G (second generation), which will enable them to their users to select between 2 buttons: one will enable them to make payments with ‘points of reward’ such as those offered some banks and supermarkets, and another will give them the option of paying with credit, as with any credit card normal. The cardholders may pay for the two ways in all establishments that accept the new card.

According to The New York Times, the engine microscopic is within the card revolutionize the technology of magnetic stripe that more than 1,800 Americans used since the 1950S. As interestingly, in Colombia, other countries in Latin America and Europe banks use more advanced technologies that the magnetic stripe, such as those that include a chip with high security, although not go as far as the Card 2.0.

While Citibank and other banks are bet to this revolutionary card, from already beginning to emerge skeptical voices, and not because they believe that must be maintained what today works, which is the usual arises when a revolutionary technology, but because they believe that the plastic, and have chips, buttons, and ‘special effects’, will be obsolete soon when reality technologies that converted the smart phones in virtual wallets.

How soon? It is not known, but if one takes into account the giants of credit cards, Visa and MasterCard, and the signature that has transformed several industries, including that of the smart phones, Apple, it will not be long.

As is, Jeff Mullen, president of the signature Dynamics, is convinced of the future of his invention. In an interview to The New York Times, said that the card 2G Citibank are hardly the first steps of a baby, and that “we are trying to be the arm of innovation in an industry that never had one”.

To appreciate how the Card 2.0, or 2G card as the flame Citibank, Mash able published in September a vide