If, on hearing all those troubled talks about the impending economy recession in the USA and the credit card industry toughening, you think that the persistence in owning your plastic will only lead you into huge financial troubles, you are misled.
The recession, as well as possible ways to fight it, has been discussed for quite a time already and it seems highly unlikely that bankers and the government will risk losing revenues by cutting their best customers from lucrative credit card offers.
Credit card applications are not decreasing in numbers, only maybe they are becoming more properly targeted and enticing in point rewards and additional services.
The fact that lots of credit cards are actively used for online purchases nowadays has prompted Chase bank to manufacture a completely new product that combines the features of a best credit card and a convenient online payment tool.
The appearance of such credit card is twice as welcome, considering that the Payment Card Industry has adopted new and better security standards guaranteeing you safety of personal and financial data during online credit card transactions.
It means you can use your Chase I-Card for everyday transactions online without being afraid of Internet credit card fraudster and ID thieves. So, why is Chase I-Card so special and why has it attracted already a considerable number of applicants?
First thing that draws your attention is that it is convenient in use - you do not have to leave home to make a purchase as you can do shopping online - and flexible in its rewarding program. You won't have to shop at a particular merchant to be eligible for the reward as you will earn 1% cash back per dollar spent on any merchandise.
What then? Unlike most cash back reward credit cards, Chase I-Card will allow you to claim your cash back bonus in the form of a web certificate each time you've collected $10. One of our readers, Martha Davis, shares her experience of how she disposed of the web certificate after accumulating $10 in cash back.
Originally using the web certificate as a pre-paid online debit card, Mrs. Davis then opted for changing it for a physical debit card to be used for offline purchases as well. What she most liked about this option is that she could add value to the card with the funds of her Chase I-Card.
So, there is no hassle about earning and redeeming rewards on this Chase credit card. Coupled with low into APR and no annual fee, this card looks irresistible, but most customers choose if for much another reason.
The provision of online transactions security, that's what this card is most appreciated for. Now remember, how an online credit card transaction is usually performed. When you want to buy something online with a credit card, you enter personal payment information into the computer.
Before your purchase is actually approved and processed, the information is sent to your bank's payment-card server. However, a payment-card server is like a structure with so-called canals through which your personal data may be stolen.
Once a canal is not properly protected, it represents a potential vulnerability of the whole system and fraudsters can make us of it to steal your financial data, such as credit card number. It doesn't however concern virtual credit cards with one-time use numbers.
The Common Vulnerability Scoring System introduced by the Payment Card Industry provides for the better security of the payment-card server, so you can feel completely at ease now, using your Chase I-Card online for everyday purchases.
With all this said, you see that there are more new credit offers with lower costs and better security to come irrespective of the temporary economy slowdown.