Credit Cards With No Annual Fee

In this citibank cards no annual fee newsletter, we desire to share with you the many ideas that this important subject has to propose to you. Thanks to the zero liability guarantee provided by nearly all creditcards issuers, if your card is stolen you`re generally required to pay only a miniscule part of the unauthorized purchase of goods charged to the card - if any. Even in the eventuality that a person who has stolen the card goes on a massive shopping spree by using your credit cards online for thousands of dollars` worth of purchases, a Zero Liability policy ensures you don`t have to fork out your money to cover it.

You`re not the only one affected by your stolen credit cards, though. The sellers who okayed the purchase transaction on the stolen card (not aware that it was stolen, naturally) lose the price of the goods purchased with the credit card online, not to mention putting in a lot of effort and a chunk of time in the effort to salvage at least a part of their costs.

Do you know who pays for the expenses of stolen credit card and its misuse? If the cardholder who`s the victim of card theft will not be obliged to pay for the unauthorized charges; and given that the thief is hardly ever brought to justice; and the sellers lose out on the articles that were charged to stolen online creditcard -- who, then, foots the bill for all these monetary damages? Customers, that`s who. Sellers increase the price of goods, and plastic cards companies escalate their rates, along with credit charges in order to help offset the economic losses arising from stolen cards.

So this is where things stand: while the person whose credit cards was stolen isn`t required to take care of the unauthorized charged amounts, the rest of the customers -- who`re already paying for the goods or services they buy -- are saddled with paying larger charges in order to counter the financial damages caused by the card theft.

The Retailers` Association has conducted several studies whose findings draw attention to an annual inventory loss of over $37,000,000,000 nationwide, caused by thieving employees, shoplifting, fraud perpetrated by retailers, and clerical and administrative mistakes.

The vice president of Loss Prevention for the National Retail Federation (NRF), operating from Washington, D.C., reported that the NRF has designed a tracking system which the police and similar law enforcement communities, as well as business groups can utilize to monitor retail-theft all over America. The Attorney General`s officers aren`t given direct jurisdiction over the prosecution of persons implicated in card theft and shoplifting, although individuals and commercial establishments that have been victims of this criminal activity do get state assistance. The regional police force and DA`s office oversees the cases that are brought to court. Although the purpose is to be advocates of consumers, that doesn`t have to mean that to represent consumers we`ve got to be against vendors and retailers.

Statistics indicate that just about 1 of every 8 or 9 instances of credit card online scams are brought to the notice of the state`s consumer protection office. Rip-offs and fraudulent activities claim a lot of victims -- even more widespread than most people truly realize. There is not a week that goes by that they don`t have at least one person who says they`ve been victims of such a scam.

In the essay above we showed the manner in which the "citibank cards no annual fee" field may well happen to be helpful to nearly any person.