Overview
Owning a major credit card is a financial
decision that many people make for a variety of reasons. Some of these
reasons would be during certain purchases, where it is better to provide
a credit card rather than carrying a huge amount of cash with you. The
other reason is you need it in cases where a credit card is mandatory,
such as to rent a car.
In 1958, Bank of America launched its pioneering BankAmericard credit
card program in Fresno, California. The original goal of the company
was to offer the program in California only. However, in 1965, the bank
expanded and began subscribing the licensing agreements with a group of
banks outside California. Then eleven years later, various other banks
licensed to use the BankAmericard credit system from the service
provider, forming a network of banks backing the system across the
United States. Later the system obtained the name "VISA," which was
originally created by its company founder Dee Hock, and now, it's
recognized all over the world.
How It Works
VISA is a major credit card company, based in USA. It offers a wide
range of features for its customers, such as credit card accounts,
damage waiver for rented cars rented, accident insurance coverage for
travel, extended warranty on purchased items and much more, provided
VISA credit cards are used for the purpose.
Benefits
By using a VISA credit card you can enjoy a handful of benefits. A
VISA credit card speaks for its name around the world, and you can use
this credit card for payment in almost every place you go. VISA
currently offers their credit card in both secured and unsecured
versions. This allows the customers who have less than perfect credit to
enjoy the VISA credit privileges.
Cost/Pricing
Owning a VISA credit card typically involves paying an annual fee.
This fee is charged based on the type of VISA credit card you hold that
may range around $30 to nearly $200 a year. Apart from that you will be
subjected to pay other charges for owing a VISA credit card. For
example, charges can be incurred for purchases that exceed their credit
limit or when your check bounces due to insufficient funds.
Timing
Making the choice to get a credit card is purely a personal decision.
Many people have their individual opinion in getting a major credit
card. Some suggest that you will get a credit card if you have a solid
credit history. Few others advise that the right time to buy a credit
card is when you are young, because this will help you to build a good
credit history. If you have a good credit, it will enjoy its benefit
while buying a home and other huge purchases. The best time to buy a
credit card is when you are ready to be financially accountable.
Companies/Industries
Most banks and many financial organizations offer VISA credit cards
through their respective institutions. Since VISA is a major credit card
available all over the world, there are countless companies who offer
VISA credit cards as one of their financial services to their customers.
