He got into dispute with Capital One over penalty charges for late payment on his credit card.

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Paying only the minimum monthly payment on your credit card makes it difficult to accumulate savings so that you can start paying for things in full instead of financing them.

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Ultimately, the particular card you choose also depends on how you envision your gas rewards credit card fitting into your payment arsenal.

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Therefore, Chase did not have to provide written notice before raising credit card interest rates to account holders who defaulted on a payment.

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Wave it near a reader, whether on a gas pump or in the fast-food line, and if you have enough credit on the card it's linked to the payment takes only seconds.

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But what goes on behind the scenes to process a debit or credit card payment is much more complex than the simple swipe.

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If you make a claim about fraud on your credit card, the disputed charge is frozen and you can delay payment until your bank completes its investigation.

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With over 400 million active credit card accounts on file, Apple had a prime opportunity to convert its customers using a sleek mobile payment system tied to the iPhone.

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