Reminder: Before Using Your Credit Card for Online Purchases

Friday, March 22 at 12:00 AM
Category: Personal Finance

Making purchases online can be convenient and efficient. While online shopping never has a 100% guarantee, here are five simple tips that could help keep your information secure when entering your credit card online:

  1. Shop secure sites. Check for the ‘s’ behind the ‘http’ in a website’s address. The ‘s’ indicates the site is encrypted, which provides an extra layer of security for online buys. The address bar may also appear green, confirming the site is secure.
  2. Purchase at home or on a private wireless internet connection. Using either a public computer or a public Wi-Fi network can make you an easy target for nearby scammers.
  3. Keep your social private. Nearly all online purchases can be made without entering your social security number. Don’t provide this or any other unnecessary information when making a purchase.
  4. Add additional security. Anti-virus software and strong passwords may take a little time to set up, but keeping your personal information safe is worth the effort.
  5. Use your best judgement. If a site seems questionable, don’t follow through with the purchase. Deals that seem too good to be true could cost you in the long run if your credit card and other personal information falls into the wrong hands.

If you need assistance with your credit card or wish to report a potential issue, please contact us at (800) 356-8085.

    

Tags: Financial Education
 

Take Control of Your Credit Card Debt

Friday, March 22 at 12:00 AM
Category: Personal Finance

Whether you have a high credit card balance or feel like you’re barely chipping away at the interest, debt can be overwhelming. One way to manage credit card debt is by transferring your balance to a different card with a lower interest rate. Over time, this could reduce the amount of interest accrued on the account as you continue to pay off the principal balance. 

What is a balance transfer? Simply put, a balance transfer is when you move the balance from one credit card to another in order to reduce the amount of interest accumulated on the account each month. While the best way to avoid interest is to pay off the full balance of your credit card each month, balance transfers are helpful when you’re unable to pay off the entire amount owed.

Do Your Homework. When considering a balance transfer, make sure you research the following:

  • Introductory APR periods
  • Applicable fees
  • Transfer amount limitations

Most importantly, you’ll want to establish a firm plan to make regular payments on the balance once it’s transferred.

Take Advantage of this Balance Transfer Opportunity. The Arvest Personal Credit Card provides new cardholders with a 0% Introductory APR* on purchases and balance transfers for 12 billing cycles. After that, rate will be based on credit worthiness - 14.65% to 21.00%*.

Existing cardholder? Call us at (800) 356-8085 to learn more about balance transfers today! 

Disclosure:

*Introductory Rate: 0% introductory Annual Percentage Rate (APR) is valid on purchases and balance transfers for 12 billing cycles from date of account opening. After that, the APR for purchases, and balance transfers will be based on your creditworthiness (between 14.65% and 21.00% APR) and will vary based on the prime rate. The APR for cash advances will vary based on your creditworthiness (between 14.65% and 21.00% APR) and will vary based on the prime rate. The transaction fee for cash advances and cash equivalent transactions is the greater of $4 or 4% of the transaction. Foreign transaction fee is 1% of each transaction in U.S. dollars. Rates apply to new accounts only and are accurate as of January 8, 2019. Subject to credit approval. Additional limitations, terms and conditions may apply.

Tags: Financial Education
 

Travel Safety Tips

Friday, March 22 at 12:00 AM
Category: Personal Finance

Traveling is an exciting adventure for anyone seeking to learn more about the world they live in. As with anything, traveling comes with both risk and reward. However, the risks shouldn’t outweigh the rewards of exploring new places, so review these safety tips as a precaution.

Pause Deliveries

Who is going to pick up your mail and newspaper while you are on vacation? Rather than having your neighbor gather those items daily, opt to temporarily stop delivery. Safe Wise* cautions that burglars may view accumulating packages and newspapers as a vacancy sign announcing your absence. The last thing you want to do is draw attention to your empty home.

Write down Everything

No one likes to think about someone stealing their credit card, passport or other important documents. However, the risk of theft is real and should be taken seriously. CNBC* urges travelers to write down information for each important item before departing for a trip. Leave the list in a secure envelope with a trusted relative, for safe keeping and easy retrieval while you are away. Additionally, USA Today* suggests tourists leave a copy of their itinerary with a friend or relative at home. Plan times to check in regularly and ask the friend to contact authorities if you fail to check in.

Call Your Credit Card Company

In addition to writing down credit card information, be sure to call your credit card company before departing for a trip. It is important to inform the company of where you will be traveling and how long you will be gone. This simple measure will ensure your cards continue to work during the trip and any unusual activity will be quickly reported.

Arvest monitors its credit cards for suspicious activity, so be sure to report your travel plans to the company before you depart. If your credit card falls into the wrong hands, unusual charges will be noticed more quickly.

Get Vaccinated

As you plan every detail for the upcoming trip, your health may never cross your mind. However, the Center for Disease Control and Prevention* encourages travelers to research common illnesses in the country they plan to visit and vaccinate accordingly. Additionally, it is important to make sure all routine vaccines are up-to-date. Your decision to plan ahead could keep sickness from ruining your otherwise incredible vacation.

Delay Posting

Social media can be a great place to keep friends and family updated on all your travel adventures, but posts and geo-tags can also serve as a virtual footprint for thieves. Consider stockpiling your favorite travel stories and photos, and posting them after you return from vacation. You can still share all the fun memories with your followers, without worrying about the wrong people keeping track of your location in real-time.

Check Advisories

Do research and familiarize yourself with the destination, whether domestic or abroad, to ensure you are fully prepared. If you are traveling out of the country, visit the U.S. Department of State* website to register as a traveler and view travel alerts or advisories for the specific country you plan to visit. It is a great way to stay aware of anything that could affect the comfort of your trip.

Secure Your Room

Although hotel rooms may seem secure, it never hurts to add an extra level of security to protect yourself and your belongings. Nationwide* suggests packing a jammer or door stop in your suitcase. It is small, so it won’t take up much space in your luggage, but it could deter unwanted visitors from gaining access to your room.

The views of this article are for general information use only. Please contact and speak with a subject expert or your banker when specific advice is needed.

*Link is a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

 

 

 

Tags: Financial Education
 

Arvest Wealth Management Tops Revenue Record

Thursday, March 14 at 09:00 AM
Category: Arvest News

Arvest Wealth Management announced today that it produced record revenue in 2018, the second consecutive year it has done so.

Arvest Wealth Management, which offers wealth management, trust, investment, and insurance products and services, has investment and trust advisors throughout Arvest Bank’s four-state footprint. It recorded revenue of $71.4 million in 2018, up from $65.2 million in 2017. Additionally, Arvest Wealth Management reported total assets under management of more than $12 billion as of Dec. 31, 2018.

“Our 2018 success reflects our ongoing commitment to building deeper customer relationships,” Arvest Wealth Management president and CEO Jim King said. “Our investment and trust advisors, through our discovery and financial planning process, work with our customers to better understand their hopes, dreams and goals, and work to create an investment plan to help them achieve those goals.”

Additionally, after a lengthy due diligence process, Arvest Wealth Management recently announced its intention to consolidate its clearing and custody relationships with one firm – Pershing, a BNY Mellon company. That consolidation and conversion is scheduled for later this year.

Arvest Wealth Management is excited about the move to Pershing and believes it will allow for better integration of wealth management services into the Arvest Bank online and digital platforms and provide a better customer experience.

“We believe this move to Pershing will allow Arvest Wealth Management to provide the most competitive investment and advisory products and services to our customers, and to more seamlessly integrate our products and services into our bank’s digital infrastructure,” King said.

About Arvest Bank
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2018, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.

About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investment products and services provided by Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.

Tags: Arvest, Arvest Wealth Management
 

Russellville Choir Boosters Receive Arvest Foundation Grant

Thursday, March 14 at 09:00 AM
Category: Arvest Community News

The Russellville High School Choir will be able to perform at Carnegie Hall in New York City thanks to a $5,000 donation from the Arvest Foundation.

The gift was announced today at the Russellville High School in Russellville. Shawn Bates, community bank president of Arvest Bank was on hand to present the check to Matthew Foy, choral director at Russellville High School, and Mark Gotcher, superintendent of the Russellville School District.

The Arvest Foundation donation to the Russellville Choir Boosters will help the students with the costs associated with this once-in-a-lifetime opportunity of performing at Carnegie Hall in New York City.

 “The $5,000 donation from the Arvest Foundation will help make students' dreams of performing at Carnegie Hall become reality,” Foy said. “With this generous donation, we will be able to provide the students with some meals and transportation while in New York City. This is truly a once-in-a-lifetime opportunity for our students and I would like to thank Arvest for helping this dream come to fruition.”

“We are pleased to present this donation on behalf of the Arvest Foundation to support the Russellville Choir Boosters and the Russellville School District who have dedicated their time to providing and improving the lives of our students in the Russellville area,” Bates said. “This donation is just one of many we have made throughout the area. It demonstrates the foundation’s ongoing commitment to our local community and support to the education of our students.”

Tags: Arkansas, Arvest

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