At best I would go for Debit cards, the reason being if you have money you spend and do not spend anticipating income.
However to day it becomes difficult with out using either Credit/Debit Cards.
Though the chances of your bring fleeced by processing fees and cumbersome Billing Process,there are people like my daughter who has never paid a fine or excess in addition to using the Card to its fullest .
The selection of credit card is difficult.
I have come across some information which I am reproducing below.
“CardRatings.com is the most comprehensive free source for comparing credit card offers and has helped millions of consumers research and find the best credit cards. If you are in the market for a new card, choose from among our featured cards below and apply easily and securely online.
Transfer your higher rate balances during the first 30 days your account is open and you will pay no balance transfer fee! After that, the balance transfer fee is 3% of the amount transferred with a minimum of $5
0% Intro APR for up to 12 months – a variable APR as low as 11.99-21.99% after your 0% ends
Slate with Blueprint helps you pay down your balances faster and save on interest
You have prosecuted Assange on a charge which every one thinks is funny.
This banking Blockade is going to the extreme.
Has the blockade helped?
WikiLeaks releases advertisement coinciding with the six month unlawful banking blockage against it
Censorship, like everything else in the West, has been privatized.
For six months now, five major US financial institutions, VISA, MasterCard, PayPal, Western Union and the Bank of America have tried to economically strangle WikiLeaks as a result of political pressure from Washington. The attack has blocked over 90% of the non-profit organization’s donations, costing some $15M in lost revenue. The attack is entirely outside of any due process or rule of law. In fact, in the only formal review to occur, the US Secretary of the Treasury, Timothy C. Geithner found, on January 12, that there were no lawful grounds to add WikiLeaks to a financial blockade.
Interest rate: If your credit isn’t stellar, you can be looking at paying 20% or more for the privilege of whipping out the plastic. (Even if you have great credit, some cards will be oh-so-happy to sock you with a rate of 15% or so.) For real sticker shock, we checked out co-branded store cards, which typically have higher rates. Case in point: TheGap Visa card has rates that start at 18.24%. That could tack quite a bit onto the price of that pair of khakis. We also looked into the Best Buy Reward Zone MasterCard, issued by HSBC, but they won’t even give users information about interest rates until they actually apply! Thanks, HSBC; you’ve forced us to leave it to our imagination, and what we’re imagining is pretty scary.
Annual fee: To be fair, several American Express cards made our best list, but we’ve got a worstie here, too. With a whopping $5,000 initiation fee plus a $2,500 annual fee, the American Express Centurion Card wins this one, hands down. Luckily, this card is issued by invitation only, so you’ll probably never be faced with the agonizing decision of whether or not to drop the price of a cheap used car every single year for the privilege of using this card. For that reason, we’re nominating a second worstie in this category: the Visa Black Card issued by Barclays. It’s got an annual fee of “only” $495 and an APR of 13.24% — a higher rate by several percentage points than our best pick.
Among the emails that were published was a report prepared by HB Gary— in conjunction with several other top online security firms, includingPalantir Technologies — on how to destroy WikiLeaks. The emails indicated the report was part of a proposal to be submitted to Bank of America through its outside law firm, Hunton & Williams. News reports have indicated that WikiLeaks is planning to publish highly incriminating documents showing possible corruption and fraud at that bank, and The New York Timesdetailed last month how seriously top bank officials are taking that threat. The NYT article described that the bank’s “counterespionage work” against WikiLeaks entailed constant briefings for top executives on the whistle-blower site, along with the hiring of “several top law firms” and Booz Allen (the long-time firm of former Bush DNI Adm. Michael McConnell and numerous other top intelligence and defense officials). The report prepared by these firms was designed to be part of the Bank of America’s highly funded anti-WikiLeaks campaign.
The leaked report suggested numerous ways to destroy WikiLeaks, some of them likely illegal — including planting fake documents with the group and then attacking them when published; “creat[ing] concern over the security” of the site; “cyber attacks against the infrastructure to get data on document submitters”; and a “media campaign to push the radical and reckless nature of wikileaks activities.” Many of those proposals were also featured prongs of a secret 2008 Pentagon plan to destroy WikiLeaks.
One section of the leaked report focused on attacking WikiLeaks’ supporters and it featured a discussion of me. A graph purporting to be an “organizational chart” identified several other targets, including former New York Times reporter Jennifer 8 Lee,Guardian reporter James Ball, and Manning supporter David House. The report claimed I was “critical” to WikiLeaks’ public support after its website was removed by Amazon and that “it is this level of support that needs to be disrupted”; absurdly speculated that “without the support of people like Glenn, WikiLeaks would fold”; and darkly suggested that “these are established professionals that have a liberal bent, but ultimately most of them if pushed will choose professional preservation over cause.” As The Tech Herald noted, “earlier drafts of the proposal and an email from Aaron Barr used the word ‘attacked’ over ‘disrupted’ when discussing the level of support.”
In the wake of the ensuing controversy caused by publication of these documents, the co-founder and CEO of Palantir Tech, Alex Karp, has nowissued a statement stating that he “directed the company to sever any and all contacts with HB Gary.” The full statement — which can be read here — also includes this sentence: “personally and on behalf of the entire company, I want to publicly apologize to progressive organizations in general, and Mr. Greenwald in particular, for any involvement that we may have had in these matters.” Palantir has also contacted me by email to arrange for Dr. Karp to call me to personally convey the apology. My primary interest is in knowing whether Bank of America retained these firms to execute this proposal and if any steps were taken to do so; if Karp’s apology is genuine, that information ought to be forthcoming (as I was finishing writing this, Karp called me, seemed sincere enough in his apology, vowed that any Palantir employees involved in this would dealt with the way they dealt with HB Gary, and commendably committed to telling me by the end of the week whether Bank of America or Hunton & Williams actually retained these firms to carry out this proposal).
First the loose hacker group Anonymous retaliated against one of the firm’s employees investigating Anonymous byhacking into the corporation’s servers and spilling 50,000 emails onto the Web. Then a string of those stolen emails revealed a proposal by the firm and two others to launch a campaign of illegal cyberattacks and calculated misinformation against WikiLeaks and its supporters.
Now, just a few days later, one of those firms, Palo Alto-based Palantir, has publicly cut ties with HBGary and apologized for its role in the WikiLeaks response plan, essentially verifying the reality of that plan and isolating HBGary further.
In a statement to the press, Palantir chief executive Alex Carp writes, “I have directed the company to sever any and all contacts with HBGary.” Karp adds that “Palantir Technologies does not build software that is designed to allow private sector entities to obtain non-public information, engage in so-called ‘cyber attacks’ or take other offensive measures. I have made clear in no uncertain terms that Palantir Technologies will not be involved in such activities.”
On Thursday, the Tech Herald reported that hacked emails from HBGary revealed a PDF document outlining a proposal to Bank of America to sabotage WikiLeaks on multiple fronts, a response plan to what some believe may be a release of Bank of America’s internal documents by WikiLeaks in coming months. The PDF suggested launching cyberattacks on WikiLeaks servers, spreading misinformation about its insecurity, and even pressuring journalists who support the site, specifically focusing on Glenn Greenwald of Salon.com.
Business Week today reported that Google was considering building a payment and advertising service that would let you use your cell phones just as a credit card. Consumers will be able to pay for everyday goods and groceries by simply tapping or waving their mobile phones against a register at checkout.
Infact the service might be launched this year itself. The whole technology is based on the near-field communications (NFC) which can beam and receive information wirelessly from about 4 inches away. Google is not the first to be wanting to work on this technology and introduce it as a product. Many companies are working on tapping into this $1.13 trillion global mobile-payment market. Last November, Verizon, At&T and T-Mobile USA formed a venture called Isis to offer NFC based services in 2012.
Visa has already taken a note of this and is launching mobile payments in mid-2011. Google will also be competing against online payment giant Paypal which is launching its commercial NFC service in the second half of 2011. The Paypal NFC system would also have a peer-to-peer option where a restaurant bill can be split or shared between two people.
NFC is powerful. A single NFC chip on a smartphone can hold a consumer’s financial account information, gift cards, store loyalty cards, and coupon subscriptions. Google’s NFC service will also allow users to buy stuff online, for instance, by scanning a movie poster, users can read reviews and use Google service to buy tickets.
All in all, this looks like an exciting service and Google is rumored to launch this this year. It will be interesting to see the decline of Visa and MasterCard monopoly on the credit card market.
During a December 16 raid, agents seized a server at Tailor Made Services, a Dallas-based co-location, or server-hosting, facility, and copied two of its hard drives, according to The Smoking Gun Web site, which said it has obtained the FBI affidavit in support of a search warrant for the seizure.
It’s not clear what was found on the drives, The Smoking Gun reported, saying that search warrant records showed agents were authorized to seize material related to the attacks or to other illegal activities involving the groups Anonymous or 4chan.
Anonymous has claimed responsibility for deluging the Web sites of PayPal and others with data in order to bring the sites down. The attacks, the group says, were a response to actions taken by the site holders against WikiLeaks, after WikiLeaks publicly released a slew of confidential U.S. diplomatic cables. PayPal, MasterCard, and Visa all decided to prevent WikiLeaks from collecting donations via their financial networks. 4Chan has said it was behind an attack to shut down the sites for Swiss bank PostFinance and lawyers in Sweden prosecuting sex allegations against WikiLeaks front man Julian Assange. http://news.cnet.com/8301-13578_3-20026908-38.html#ixzz19qN3SBhP
VANCOUVER — A global network accused of Internet attacks against perceived WikiLeaks opponents has a link to British Columbia.
One of the eight Internet protocol addresses — the unique identifiers assigned to computers — hosting a website used to dispense instructions on how to electronically attack the perceived opponents has been traced back to FranTech Solutions, based in the Victoria area, according to five pages of an FBI affidavit obtained by the Smoking Gun website.
Following WikiLeaks’ highly publicized release of diplomatic cables in November, U.S. companies including PayPal, Visa and MasterCard decided to suspend the whistle-blowing website’s accounts, citing the ongoing investigation against the organization.
In response, groups of WikiLeaks avengers — collectively going under the name “Anonymous” — organized distributed denial of service attacks against the companies.
DDoS attacks typically involve bombarding a server with external requests, therefore overwhelming it and making it unable to respond to legitimate requests.