Credit Card Consolidation

1)Is it good on my part to accept the credit card offer of being upgraded?

At first, you must read the fine print carefully. Sometimes some hidden charges are applied with such type of offers. If you accept the offers of upgrading the credit cards then they will go for credit check and will take some points from your credit score. It will affect your credit history if you are going for a long term credit payment history that means if you are not over extended your credit limit.

2) How to overcome from the situation of Credit Card Debt?

If you are unable to pay off all the credit card debts at a time then the only solution is to ask the credit card company or your bank or your finance adviser to make small payment solutions of your whole debt so that you can all pay it off in several weeks or months in several easy installments. You can also go with a debt consolidation plan. After clearing all the debts always remember not to get into such debts again.You can also look for 0 APR Credit Card and Credit Card Debt Consolidation. You should work to eliminate credit card debt. Some banks also give credit card consolidation loan.

3)I added credit card facility for my customers who want to purchase online at last Christmas. I was thinking credit card processing will benefit my customers and myself a lot. Only to find after one year that i am losing good money in credit card processing due to cancellation and other fees. Should i look for other credit card companies or just stop taking money online?

You should make a proper account statement of your credit card process. expenses and then compare it with other banks offers. When you approach another bank ask them how they can help you out in reducing your expenses in processing. Better to approach a small bank rather than a big name if you are a small business owner. Credit card consolidation helps a lot.