Caution: Traps behind credit card use
News from People’s Daily Online:

As a credit tool that allows people to buy first and pay later, the credit card has an undisputed function in stimulating the domestic demand and expanding consumption. However, the credit card “has a zero deposit rate but charges fees for withdrawing money” and various credit card promotion activities usually just “look beautiful.”

Furthermore, credit also charges other fees of various kinds, such as the annual fee, service fee, punitive interest and late fee. Consumers usually know little about these items and often “fall into traps” once they are careless.

Credit card charging items have turned into a “mess.” In addition, credit card owners may also suffer severe losses if their cards are stolen. Under this condition, how could the credit card play the role of stimulating consumption?

Why is credit card issuance “so prosperous” but credit card use “so troublesome?”

The extensive increase of credit cards is the main reason for credit card consumption traps. In recent years, various banks have been competing in issuing credit cards and the number of credit cards has sharply increased in China. However, common people’s knowledge and sense of credit consumption are still at a low level of several years ago, and since detailed rules for using the credit card are complex and many, common consum…………… continues on People’s Daily Online

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Police seek couple in illegal credit card use case
News from Salina Journal:

Police seek couple in illegal credit card use case

9/21/2012
ERIN MATHEWS


Factoid: Walmart Credit card theft

Click here to watch the video


Salina police released a store surveillance video from Walmart showing two people accused of using someone else’s credit card to make purchases.
A white man wearing a camouflage jacket, jeans, and a dark baseball cap, and a white female wearing blue jeans and a purple shirt are shown in the video, which can be viewed at salina.com.
The man and woman left the store in small, red SUV that has the rear windshield covered by plastic.
Police ask that anyone with information to call Crimestoppers at 825-TIPS, text SATIPS to CRIMES (274637), or visit pd.salina.org and follow the Crimestoppers link to submit a Web tip. Tipsters may receive a cash reward of up to $ 1,000 and are not required to give their names.


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