If You’re a Business Owner
Online business owners or internet marketers should be especially aware about the issue of credit cards and disputes. Yes, accepting credit card payments can dramatically boost your sales particularly from reward credit cardholders but there is also the risk of occasionally disputes from customers. Anticipating the problem and knowing how to handle it is best.
How to Handle Disputes
Merchants usually encounter charge back disputes from customers who purchased with a credit card. It is called a charge back since the customer makes the complaint to his/her credit card issuer a day or days after the item has been bought and paid. In short, the credit transaction has been done and the charges have been credited to the cardholder’s account.
What are the possible reasons for a charge back dispute? One possible cause is that the account has been used without the Real cardholder’s consent. Unauthorized charges can occur when the actual credit card or the credit card numbers have been stolen. This usually happens with online purchases.
Another reason for a charge back dispute is that the customer received the purchased items in bad condition. This can happen because of poor packaging or a poor delivery service. Obviously, if the item isn’t received well, the customer will complaint and demand the refund of the purchase.
In both scenario, the issuer of the credit card will usually be on the side of the cardholder. Thus, the merchant becomes the one to shoulder the payment of the credit card charges. Customers have the right to dispute and protect themselves against poor customer service and it is the owner of the business who has to carry the load.
Obviously, if you own an online business, it is your duty to secure the protection of your customers’ identity and their purchases as well. To avoid charge back disputes, you must ensure that you are using a secured website and that you are using a reliable shipping service.
If You’re a Customer
As a credit card holder, what can you if you found out that there are incorrect charges in your account? Remember that you have the right to dispute these charges. Call your credit card issuer immediately and explain the situation. Don’t forget to do follow up through a formal dispute letter sent through registered post mail.
Always check your monthly credit card bills for any signs of fraud or unauthorized transactions. If you’re a using a reward credit card, see to it that you are really getting the points you earned from your purchases.
Don’t buy from online shops with a questionable reputation. Check the background and history of the merchant. See to it that you are using a secured server and that your personal information will be kept confidential.
More Rewards:
Cash Reward Credit Cards
Airline Reward Credit Cards
Gas Credit Cards Reward
Wednesday, September 9, 2009
Monday, August 10, 2009
Can Reward Business Credit Cards Make You Rich?
To keep up with the competition, credit card companies offer different reward programs to keep their old clients and attract new card holders. Even business owners can take advantage of the rewards that are exclusively offered for business credit card holders.
If you’re a business owner, you can find a wide variety of reward programs and choose the one that best matches your business spending and needs. The basic reward programs include Frequent Flyer Miles Rewards, Gas Rebates, and Cash Back Rewards. Some small business credit cards even offer more than one type of rewards.
If you’re a business owner, should you apply for a reward business credit card? What are the advantages of using reward credit cards with your business? Can these cards really make you rich?
The Advantages of Business Credit Cards with Rewards
It is true that using business credit cards allow you to get more from your expenses. Since business owners spend more than personal credit card holders, they can collect points at a faster rate and earn much bigger rewards. For this reason, entrepreneurs are encouraged to grab this opportunity and make the most from their business spending.
Business credit cards with rewards are also sponsored by merchants that offer products and services for businesses. Using your card to purchase office supplies and other goods from affiliated merchants give you the chance to enjoy discounts, perks, bonuses and special privileges that are exclusive only for its card holders.
For business owners, using small business credit cards with reward programs are definitely worth considering. Imagine how much you can save from your expenses if you are given at least one point per every dollar you purchased.
The Risks – and How to Avoid Them
Nevertheless, benefitting from reward credit cards depend on how well you manage your account. For instance, reward business credit cards have higher interest rates than credit cards without rewards. If you want to apply for a reward business credit card, paying off your monthly charges in full is a must. This way, you can avoid paying for the interest and penalty fees altogether. If you have to carry over your balances from month to month, you’ll only be spending more than what you originally owe because of the additional interest charges.
Use your business credit card with discretion. You may be tempted to charge purchases on your account just for the purpose of collecting points. However, this habit could prove to be dangerous. Charging unnecessary expenses to your account can easily lead to overspending and uncontrolled debt. To avoid bad debt, make sure that every purchase you charge to your account is important for the business.
Choose a reward business credit card that suits your business. For instance, if your business requires you to travel a lot, then perhaps a Travel Reward credit card would be best for you. Otherwise, it may be more practical to get a cash back business credit card or a gas reward credit card instead. Finally, read the entire Terms and Conditions of your credit card before signing up your application. Understand the rules of the reward program and make sure that your business can benefit from it.
More Rewards:
Cash Reward Credit Cards
Points Rewards Credit Cards
Travel Rewards Credit Cards
If you’re a business owner, you can find a wide variety of reward programs and choose the one that best matches your business spending and needs. The basic reward programs include Frequent Flyer Miles Rewards, Gas Rebates, and Cash Back Rewards. Some small business credit cards even offer more than one type of rewards.
If you’re a business owner, should you apply for a reward business credit card? What are the advantages of using reward credit cards with your business? Can these cards really make you rich?
The Advantages of Business Credit Cards with Rewards
It is true that using business credit cards allow you to get more from your expenses. Since business owners spend more than personal credit card holders, they can collect points at a faster rate and earn much bigger rewards. For this reason, entrepreneurs are encouraged to grab this opportunity and make the most from their business spending.
Business credit cards with rewards are also sponsored by merchants that offer products and services for businesses. Using your card to purchase office supplies and other goods from affiliated merchants give you the chance to enjoy discounts, perks, bonuses and special privileges that are exclusive only for its card holders.
For business owners, using small business credit cards with reward programs are definitely worth considering. Imagine how much you can save from your expenses if you are given at least one point per every dollar you purchased.
The Risks – and How to Avoid Them
Nevertheless, benefitting from reward credit cards depend on how well you manage your account. For instance, reward business credit cards have higher interest rates than credit cards without rewards. If you want to apply for a reward business credit card, paying off your monthly charges in full is a must. This way, you can avoid paying for the interest and penalty fees altogether. If you have to carry over your balances from month to month, you’ll only be spending more than what you originally owe because of the additional interest charges.
Use your business credit card with discretion. You may be tempted to charge purchases on your account just for the purpose of collecting points. However, this habit could prove to be dangerous. Charging unnecessary expenses to your account can easily lead to overspending and uncontrolled debt. To avoid bad debt, make sure that every purchase you charge to your account is important for the business.
Choose a reward business credit card that suits your business. For instance, if your business requires you to travel a lot, then perhaps a Travel Reward credit card would be best for you. Otherwise, it may be more practical to get a cash back business credit card or a gas reward credit card instead. Finally, read the entire Terms and Conditions of your credit card before signing up your application. Understand the rules of the reward program and make sure that your business can benefit from it.
More Rewards:
Cash Reward Credit Cards
Points Rewards Credit Cards
Travel Rewards Credit Cards
Thursday, July 9, 2009
Business Credit Card Reward Choices – Miles, Gas and Cash
It used to be that business credit cards serve only two purposes – to separate business and personal finances and to assist a business with its spending needs. Yet, as competition among credit card companies build up, credit cards for small businesses have become better and with so much more to offer.
Nowadays, business rewards credit cards comes in all varieties. Currently, there are three basic types of reward programs that business credit cards offer. These are the Miles, Gas and Cash Back Rewards. Some business credit cards offer a combination of two or more types of rewards while others offer incentives or bonuses that are especially designed for specific businesses.
Business credit card with Miles Rewards
Business credit cards with miles rewards are ideal for businesses that require travels. Do you frequently take trips abroad to promote your business or meet new clients? Do you usually purchase your supplies or raw materials from another state or country? Do you often fly airlines to get to your business destination? If yes, you can take advantage of what Miles rewards credit cards can do for your business.
How? Generally, Miles Rewards Cards award points from travel related purchases such as airline tickets, hotel accommodations, car rentals, etc. Although you can get points from regular purchases, travel-related expenses often have higher points value. These points are then converted to miles or free airline tickets. Aside from tickets, hotel and car rental discounts, free travel insurance are just some of the exclusive privileges you can enjoy. Think about how much you can save from your travel allowances simply by using your business credit card on your trips.
Business credit card with Gas Rewards
Do you own delivery vans or trucks that you use for your business? Then perhaps getting a gas reward business credit card would be a practical choice for you. As their name implies, this type of business credit card particularly gives rebates and points from gasoline purchases.
Typically, you can distribute extension cards or supplementary cards to your drivers so that each time they purchase gas, you also earn points in your account. If you spend a lot on your transportation allowances, you can make the most of your spending by getting a gas reward card.
Business credit card with Cash Back Rewards
A business credit card with cash back rewards is the most flexible of all reward programs. Almost any type of business can make the most of this credit card. Earning rewards is simple. Each time you use your business credit card for purchases, you also earn cash back points in your account. These points can be converted to cash, checks, gift certificates or even redeemed as goods or products.
Usually, it gives 1 points per every 1 dollar spent on the card but some credit cards offer more points for each dollar spent. By distributing supplementary cards to your selected staff, you can collect your points more quickly and get more from your credit card spending.
More Rewards:
Business Rewards Credit Cards
Cash Reward Credit Cards
Airline Reward Credit Cards
Nowadays, business rewards credit cards comes in all varieties. Currently, there are three basic types of reward programs that business credit cards offer. These are the Miles, Gas and Cash Back Rewards. Some business credit cards offer a combination of two or more types of rewards while others offer incentives or bonuses that are especially designed for specific businesses.
Business credit card with Miles Rewards
Business credit cards with miles rewards are ideal for businesses that require travels. Do you frequently take trips abroad to promote your business or meet new clients? Do you usually purchase your supplies or raw materials from another state or country? Do you often fly airlines to get to your business destination? If yes, you can take advantage of what Miles rewards credit cards can do for your business.
How? Generally, Miles Rewards Cards award points from travel related purchases such as airline tickets, hotel accommodations, car rentals, etc. Although you can get points from regular purchases, travel-related expenses often have higher points value. These points are then converted to miles or free airline tickets. Aside from tickets, hotel and car rental discounts, free travel insurance are just some of the exclusive privileges you can enjoy. Think about how much you can save from your travel allowances simply by using your business credit card on your trips.
Business credit card with Gas Rewards
Do you own delivery vans or trucks that you use for your business? Then perhaps getting a gas reward business credit card would be a practical choice for you. As their name implies, this type of business credit card particularly gives rebates and points from gasoline purchases.
Typically, you can distribute extension cards or supplementary cards to your drivers so that each time they purchase gas, you also earn points in your account. If you spend a lot on your transportation allowances, you can make the most of your spending by getting a gas reward card.
Business credit card with Cash Back Rewards
A business credit card with cash back rewards is the most flexible of all reward programs. Almost any type of business can make the most of this credit card. Earning rewards is simple. Each time you use your business credit card for purchases, you also earn cash back points in your account. These points can be converted to cash, checks, gift certificates or even redeemed as goods or products.
Usually, it gives 1 points per every 1 dollar spent on the card but some credit cards offer more points for each dollar spent. By distributing supplementary cards to your selected staff, you can collect your points more quickly and get more from your credit card spending.
More Rewards:
Business Rewards Credit Cards
Cash Reward Credit Cards
Airline Reward Credit Cards
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