The Fine Print On An Elan Credit Card Account
Matt Owens has been the General Manager of both the Elan Credit Card division and U.S. Bank’s Consumer Credit Card Division of the North American Banks since 2021. Prior to that role he was the Manager of Corporate Credit at JC Penny. Matt has held a number of roles at both of these companies, most recently as a Vice President of Corporate Banking at CitiBank. Prior to that role he was the Assistant Vice President of Consumer Credit at Bank of America. He holds a Bachelors of Science in accounting from the University of Phoenix.
John C. Maxwell is the President and Chief Executive Officer of Elan International, the parent company of both Elan Credit Cards and CitiBank. Mr. Maxwell is also the son of former Credit Cards Company CEO Arthur J. Maxwell. Mr. Maxwell is responsible for overseeing the company’s credit cards programs, including all of the marketing, fees and charges associated with those programs and providing additional services to their credit cards customers, such as debt resolution and other beneficial additions to their credit cards programs.
As a result of these responsibilities, Mr. Maxwell is often called upon for advice and counseling regarding changes or revisions to their credit cards and/or billing procedures. In many cases, he must provide a cardholder review, in which case he is responsible for providing an objective analysis of that cardholder’s benefits as well as any drawbacks, limitations or risk involved with using the particular credit cards being reviewed. Credit card issuers are under no obligation to carry out this review, so it is in the best interest of the company to ensure that it is carried out as dispassionately as possible. A cardholder representative, who is not a bank employee, may also be consulted for this purpose.
One of the primary duties of these counselors is to review and/or issue statements to cardholders on behalf of the credit cards issuer. This is, of course, at the request of the cardholder. This means that they are not providing an unbiased assessment of the credit cards; rather, they are working on behalf of the cardholder. Card issuers are required by law to issue statements to their cardholders, and to mail them to them by April 1 of each year. If you wish to receive an annual statement via email, you need to request that this be done at least thirty days in advance of your desired mailing date.
It is important to note that many credit cards offer a variety of special offers and bonuses to cardholders, such as cash back, gift certificates, etc. These bonuses can cause the annual fee to increase significantly. This is why reviewing your credit cards is so critically important.
One of the easiest ways to lower your annual fee is to pay off your balance much faster than is required. If you make your minimum monthly payment and your balance goes down more each month, your interest rate will decrease. You can also increase the amount of your rewards or points per dollar that you charge to reduce your annual fee even further. Some card issuers will provide incentive programs if you pay your balance in full each month. Other credit cards will require you to have a certain percentage of your purchases with the card to earn rewards or points per dollar.
A major issue with this type of arrangement is that cardmembers or parties agree to the terms of this arrangement without actually being held to it. All it takes is one late or missed payment to cause the account to be reported to the credit reporting bureaus as being in default. The majority of people do not realize this, but a simple missed payment can result in a very large account adjustment, which can significantly increase or decrease their credit score. As a result, a lot of people end up paying exorbitant fees, with the resulting credit score drop, for their decision. This is why it is important to be careful when agreeing to an account with this type of carrier.
Elan makes it very easy to cancel an agreement. There are several methods that you can use to indicate that you wish to cancel your accounts. If you wish to cancel your accounts, you should send a letter to the company’s headquarters. You should send the letter to both the human resources department at the card issuer and to the customer service department at the company. If you do not receive a reply from the company, it is important to send a follow-up letter. This is to notify the companies that you are terminating your accounts.