Author Archive
Where Can You Get A Credit Card?
Although credit cards only used to be available from a small number of banks, nowadays you can get credit cards just about anywhere. There are literally thousands of companies and financial institutions supplying credit cards, and so it really does pay to shop around to find a deal that suits your needs. If you want to know more about the various places you can get credit cards, then here is some advice to get you started.
Banks
Obviously, the most traditional place to get credit cards is at the bank. All banks offer a wide variety of credit cards. Although not always the cheapest, credit cards from banks have the advantage of good service support and the fact that you can meet someone face to face to discuss any problems that you have. Looking for a credit card at your local bank is often a good place to start.
Online
Perhaps the cheapest and easiest option around is to get a credit card online. You can apply for the card in a matter of minutes, and the rates are usually lower. This is because online companies have fewer overheads and so can pass this on to customers. Also, online issuers usually have good online banking systems, although there is less in the way of other support services and online companies can be harder to get hold of and more impersonal.
Credit unions
Although not everyone is eligible to join a credit union, if you are eligible or are already a member then you could get an excellent credit card deal. Credit unions are run by their members, and so the fees are much less than those of banks and building societies. However, you usually have to save some money with a credit union before being eligible to borrow credit, and it can be hard to become a member of such unions.
Building societies
Many people overlook building societies when looking for a credit card, although building societies now offer the same levels of service and options as most banks. When you are looking for a credit card, you should look at your local building societies as well as the banks in order to find a good deal. You could even combine a credit card with a mortgage package, which could save you money on both products.
Supermarkets
One of the newest suppliers of credit cards are supermarkets. Due to their massive presence in towns and cities, supermarkets are branching out into financial service products such as credit cards. Although the options aren’t as vast as those at a bank, you can get some good deals and even discounts on items within the store. Other retail stores are also offering credit cards, as are sports clubs and other businesses. If you want to find the best deal for a credit card, then you should look at all of these options before committing to anything.
Peter Kenny is a writer for The Thrifty Scot, please visit us at Secured Loans and Car Insurance
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
What is an Airline Credit Card???
One of the perks associated with today’s credit cards is the frequent flier program. In order to determine which program is best for you, you should consider whether you will be able to obtain benefits from the dominant airlines in your region. You should also try to find out which card will provide the easiest ticket with the fewest hassles.
Airline-sponsored credit cards permit you to focus on a single airline. It the airline has a hub in your community, it may be responsible for most of the routes to potential destinations. As a result, such credit cards can be convenient and economical and could save you a great deal of money in the long run.
One option is Northwest VISA which is offered through U.S. Bank. The card comes in both platinum and business versions–the business variety offers more detailed expense tracking services. Just for signing up, you’ll receive 10,000 miles. The annual fee is $55 for the platinum and $90 for the business card. The card permits you to earn miles beyond the $10,000 a month. Once you get past that limit, you will receive a mile for every $2 a month spent.
Delta American Express Skymiles can be used in a number of upscale establishments. However, some travelers complain that it cannot be used as widely as a VISA card. The annual fee is $85, and the interest rates are calculated according to a complex formula. The card is not available in Iowa or Puerto Rico.
The American Airlines Citibank MasterCard combines two giants of industry–American Airlines and Citibank. The card comes in two different varieties–platinum select and gold. You can earn 7,500 bonus miles for opening a platinum select account, and 10,000 bonus miles for the gold account.
The British Airways VISA Card awards you an astounding 15,000 miles the first time you use the card. The five-month introductory APR is in the single digits; after that, you’ll be charged 12.99 percent APR for any unpaid balances. The annual fee for this Bank One card is $75.
Another option is bank-sponsored credit cards. Such cards permit greater flexibility, since the miles earned can be used on a number of different airlines instead of just one. If one airline does not dominate in your region, this type of card is probably best. Also, the minimum mileage required for travel is frequently lower than that of airlines-sponsored cards.
One popular variety is the Capital One MilesOne Card, which awards one mile for every dollar spent, up to a limit of $10,000 a month. Once you earn 9,000 points, you can win a free flight. Experts say it’s a good card to have if you want to shop for fares for a number of different airlines.
No matter which card you choose, frequent flier miles are certainly a significant bonus. Such rewards programs allow you to get extra mileage out of your credit cards.
For more information on applying for a Airline Credit Card please visit HTTP://www.cheapcreditoffers.com
Ron Goodpaster is the Senior Staff writer for HTTP://www.cheapcreditoffers.com. He has been writing various articles on consumer credit for HTTP:/cheapcreditoffers.com since May 2005.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Travel Credit Cards and the Benefits
<p>
By the hard efforts of credit card companies and airline companies, airline credit cards have gained huge popularity amongst air-travelers. Airline cards are same as the standard credit cards. The concept and functions are very much similar to standard credit cards. They use the same method of operation and all transactions and fees go through same processes.<p>
The only difference is that, airline credit cards charge a bit of high rate of interest in comparison with standard credit cards, due to a vast array of services, apart from the capacity to purchase ticket fare.<p>
Major Benefits:<p>
You can use airline credit cards in hotels, shopping malls or for buying goods. These credit cards even have the point system alike other standard cards and you can redeem these points by making purchases. Next, you are entitled to get free travel miles for any tour.<p>
Often, for each dollar charged over an airline card returns one point and is equal to a travel mile. Hence, understand these reward points given by the credit card or airline companies properly to make the most out of them.<p>
The best part of this point system is that, you can change this point into hard cash. Some airline firms limit the points gaining to 100,000 points and set to expire after three years. Several airline and credit companies decide the free air travel, so you have to figure out how many points you want to gather.<p>
One attractive benefit to own an airline credit card is the service, which is triple time better than your standard credit card. With a single airline card, you can get wide compatibility options for traveling, shopping and enjoying your holiday vacations.<p>
Unlike other standard cards, airline companies set the credit limit for airline cards to a certain extent. Sometimes, airline companies also offer a high spending credit limit for airline credit cardholders.<p>
You get an option’s list of credit limits to pick the best and affordable credit limit option. At times, airline companies allow you to go beyond the set limits, but charge you in the subsequent credit card statement. Indeed, airline cards are economical, as you save money on your travel expenses.<p>
Similar to standard credit cards, you can also get airline cards via the Internet. With an easy access to the Internet, you can get an airline credit card within a matter of hours, as, in recent days, numerous airline companies indulge in online airline booking system. Hence, there is no hassle of standing in a queue for getting air tickets. By now, you should see how you can benefit from more than just the simple point based system, you can actually save all around and as long as you’re responsible with your cards, your budget can go a long ways.
Find a travel credit card and more of Tom’s work at FINDairlinecards.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Tips For Paying Off Credit Cards After a Divorce
<p>
First, Gather Each of Your Credit Card Statements<p>
The first thing you need to do is gather the most current credit card statements you have. Grab a notebook so that you can make notes. Find out which one of your cards has the highest balance. You also want to know which one has the highest APR or Annual Percentage Rate. When you find the one with the highest APR and payment, list it on your paper first. Continue down the line, with the last credit card being the one with the lowest APR and balance. Beside each credit card, list the balance due and the minimum payment amount.<p>
Now, Start Getting Rid of Your Debt<p>
Now that you have established the highest interest rate cards, your job is to pay them off starting with the highest interest rate. Pay more than the minimum payment on the first card – in fact, pay all you can afford to pay without neglecting the other minimum payments. This will help you get the highest interest card paid off first. Once you have that card paid off, you can remove it from the list, cut the card into pieces (optional) and then move onto the next card on your list. By using this method, you will effectively cut through your credit card debt.<p>
What About Once the Cards are Paid Off?<p>
Credit cards are dangerous. It’s just too easy to pay for something that you don’t have the money for, use them when you really, really want something expensive and other situations that can get you into trouble. While most people should probably have one credit card in order to pay for emergency situations or to build credit, there is no need for more than one. If you can’t pay for the item you’re purchasing, don’t purchase it. Getting rid of your credit cards will keep you from accumulating another pile of debt that you just don’t need. It’s up to you whether you want to keep them or get rid of them, but cutting up your credit cards brings a freedom that feels great!<p>
Credit card debt is nasty, nasty business and if you use the tips above, you can effectively get rid of your debt in a way that will save you more money. You can also pay off your credit card debt more quickly and get back to a life of freedom. You will definitely feel more stress free once you’ve paid off your debts and the collectors stop calling and writing letters. Use the tips above to achieve that freedom!
Danielle L. Taylor is an author for Xstilla.com – one of the most active divorce support communities in the Internet. If you want to learn more about divorce, child support, dating or just want to tell your divorce story and get support from understanding members of the community go to http://www.Xstilla.com
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Things to know about credit cards
A credit card is a card that allows you to borrow money for paying your purchases but bound to a certain limit. At the end off every month either you have to repay the whole amount or a minimum amount. A planned credit strategy will enable you to improve your credit worthiness. The most obvious thing, which can be done for building a good credit history, is repaying your bills on time, taking measures to protect your credit standings and making your credit report accurate and flawless.
Before making the choice of the credit card there are various points, which are to be kept in mind:
Annual Percentage Rate is the amount of interest you pay every year on your borrowings. The higher APR will make you pay more finance charges. The minimum repayment you make is basically the interest but paying a little more will help you in the reduction of your past balance. APR is one thing that can burn a hole in your pocket. So keep it as low as possible.
Introductory rates: When you sign for the card you are offered with a low or 0% rate of interest for an introductory period. You must keep in mind that this interest free period is applicable on purchases and balance transfers as well. This will reduce your bill considerably.
Gold and Platinum cards: If you are a high-end earner and lavish spender then these two cards can work wonders for you. These cards have lower interest rate, high or no credit limit and are accompanied with several services and benefits.
Grace period: This is also known as interest free period in which you can repay your amount without added interest. This helps you with your debt burden.
Cash back and Rewards: There are various credit card companies which entitle you with the reward points which can be redeemed against free air miles, cash back or discounts. Keep a look that these points are viable for you like for example there is no use of collecting air miles if you never fly.
Balance transfer rates: This is the option, which is hunted by the people who are having a huge outstanding amount. Many cards offers lower rate of interest. Thus, if you transfer your balance from one card o another with lower interest it can help you with your debt problems and save a lot of money.
Late payments: This feature is the main stay of any credit card for careless spendthrifts. The interest keeps piling when you delay your payments. Thus, at one point of time the interest amount exceeds the principal amount. So it is advisable to check the charges levied on the late payments.
All these features and offers compile in to form a good credit card and you should be aware of your credit card well.
Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of 0% balance transfers. For US visitors there is also the comparison site http://www.credit-cards-info.com
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Rewards Credit Cards Versus Cash Back Credit Cards
With all the reward credit cards and cash back credit cards that are out there, what is really the difference between them? You may see there are many different rewards that you are able to acquire with the use of the credit card. Some of them could be a travel, airline, or gas reward credit cards or even a cash back reward credit card.
The reward credit card you are only going to be able to use your rewards for certain items like for gas or airfare. It will all depend on the kind of reward credit card that you are applying for. When you are using your reward credit card, you are going to need to acquire so many points to be able to cash in on your rewards. There are times that it is going to be a little harder to acquire the points that are needed to receive any of the rewards. That may mean that you are going to need to charge most of your items that you are going to purchase so that you are able to receive your rewards. About the only time that this would not work is if you are financially unable to charge everything that you may want or need all the time.
The different cash back credit cards you are going to be able to receive a certain amount of cash back on each statement. With the cash back credit cards you can apply the amount of cash that you have acquired to your balance on the present statement or receive a check at the end of the month. That way you can either lower your monthly payment or receive a check that you are going to be able to purchase an item at a later time.
No matter if you have a reward credit card or a cash back credit card you are going to need to make good use of the credit card so that you are getting a good pay back at the end of the month. It will also depend on how much percent you are going to be getting back with the amount of the reward that your credit card company that you choose to go with. You are going to want to make sure that you are choosing the credit card company wisely so that you are going to receive the amount of rewards that you really deserve.
Rachel Nava recommends Find Credit Cards for comparing different Advanta credit cards.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Money Management Tips For Students With Credit Cards
Keeping control of your money is one of the hardest lessons we have to learn as new college and university students. For many of us it is our first time away from home, and the first time we have to be truly responsible for all the financial affairs in our lives. Some get a handle on money matters faster than others. That’s just the way she goes. But if you’re not really all that sure where your money is going each month, here are a few things you may want to consider.
I. Avoid Temptations
If you have a particular weakness, and we all do, just stay away from it. If you love shopping, stay out of the malls. If you’re a tech-head, stick to once a year upgrades. Nobody says avoiding temptation is going to be easy. However, it is a must if you want to save money. When you want to give into your temptation, this is the time to use your “allowance”. Your allowance can be a set amount for ’special’ items, or just a big jar where you put your loose change at the end of every day.
II. Credit Cards
If you have a credit card, use it only for emergency. Although they are really handy, credit cards are dangerous and possibly very damaging to your financial future. Credit cards (and in particular student credit cards) have very high interest rates. If you are only able or willing to make the minimum monthly payments then you will very quickly end up with a HUGE amount of debt because of the interest. The really bad thing is that you will also have to pay interest on the interest you owe. So, credit cards are good in a pinch, but should never be used as an extension of your cash.
III. Credit Card Interest
If you have credit cards and your credit is in good standing, you should take the time to call your credit card company, and ask for your interest rate to be lowered. It is just as simple as that. Most people have no idea they can even do this so they never make the call. Just ask the rep for a better rate on your credit card and they will take care of it for you.
IV. Financial Consulting
Many financial companies, community colleges and even churches offer classes on how to manage money. In some cases the courses are free, but often they cost around $35 to attend: it is money well spent. Another choice you have is consumer-counseling services. This is a great if you are getting into debt trouble. The counselors will work with your creditors to lower your balances, interest rates, and establish workable payment schedule that you can manage.
Student Loan Consolidation information and resources to get your on your way to student credit card debt relief
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
International Debit Card Basics
An international debit card is a globally recognized plastic card that provides an alterative payment method to cash and checks in making purchases. Functionally, a debit card can be called an electronic check, as funds are directly debited from the holder’s related bank account. The use of international debit cards have gained great popularity over almost all countries of the world and in many of these countries have almost replaced the check and even cash on some instances for voluminous trade transactions.
International debit cards are also known as convenient ways of instant cash withdrawal, serving as the ATM card for withdrawing cash and at the same time a check guarantee card. Many merchants now offer cashback or cashout facilities to customers where the customer can withdraw cash together with their purchase through his debit card. International debit cards are now also means of protecting oneself from frozen bank accounts as offshore bank accounts under Panaman Laws are protected from the legislation of one’s state.
Credit or Debit?
For card holders, the difference between a debit card and a credit card is that the debit card deducts the balance from the holder’s deposit account while the credit card allows the consumer to spend on credit to the issuing bank. Stated differently, the debit card spends the money the holder has while the credit card spends money the issuing bank has. There are also combined credit+debit cards in which a debit card linked directly to a checking account serves as a debit card and credit card at the same time. The holder has the option whether the purchase he makes will be under a debit card or credit card system. If the holder uses it as a debit card the cost of purchase will be deducted from his bank account while if he opts to use it as a credit card the cost will be debited on the credit balance.
The debit networks usually require that a personal identification number be supplied while the credit networks typically require that purchases be made in person and often allow cards to be charged with only a signature, and/or picture ID.
An example of the front of a typical debit card:
1. Issuing bank logo
2. EMV chip
3. Hologram
4. Card number
5. Card brand logo
6. Expiry date
7. Cardholder’s name
An example of the reverse side of a typical debit card:
1. Magnetic stripe
2. Signature strip
3. Card Security Code
Although many international debit cards are of the Visa or MasterCard brand, there are many other types of debit card, each accepted only within a particular country or region, for example Maestro and Solo in the United Kingdom, Interac in Canada, Carte Bleue in France, Laser in Ireland, EC Electronic Cash in Germany and EFTPOS cards in Australia and New Zealand. The need for cross-border compatibility and the advent of the euro recently led to many of these card networks (such as Switzerland’s “EC direkt”, Austria’s “Bankomatkasse” and Switch in the United Kingdom) being re-branded with the internationally recognized Maestro logo, which is part of the MasterCard brand. Some debit cards are dual branded with the logo of the (former) national card as well as Maestro (e.g. EC cards in Germany, Laser cards in Ireland, Switch and Solo in the UK, Pinpas cards in the Netherlands, Bancontact cards in Belgium, etc.). The use of a debit card system allows operators to package their product more effectively while monitoring customer spending. An example of one of these systems is ECS by Embed International.
2-GetCash offers the same reliable and convenient international debit card without hidden, extra, annual, cash conversion or cash transaction charges. The only time you will be paying is when you buy the card and have your offshore bank account set up.
who am i?
i am who i am..
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
How to Compare Platinum Credit Cards
Platinum credit cards are prestige cards. These credit cards tend to offer a much higher line of credit than other cards because they are at the top strata of the credit cards ladder. Platinum credit cards limits are generally in excess of five thousand dollars. Added benefits are attached to these types of cards such as better customer service, great interest rates and rewards.
Some users of platinum credit card love these cards because of the prestige that accompanies flashing platinum, but most are looking for the card that suits their needs best. For one group of users the most important feature is a low Annual Percentage rate (APR). Others may want to cash in on the rewards and rebates that they can get.
Some of the main comparison points for platinum credit cards are:
* APR rate: One bit of advice most credit counselors advocate is that you must find out what rate you will pay after the low or 0-rated APR. It is also important to compare rates based on whether it’s a fixed or variable rate. A low-fixed rate APR is generally better than a low-variable rate APR. With a fixed rate APR you can expect to pay the same rate over a period of time, while with the variable rate APR, the interest charged changes without notice.
* Credit Limit: Even though the credit limit of platinum credit cards tends to be higher than on other cards, getting as much credit as possible is important to some users.
* Annual fees: how high are these?
Other features may also come into play such as over-the-limit charges, rewards / incentive programs, the ability to use the card overseas, and grace periods.
With the number of platinum credit cards on the market today, finding the card that meets most of your expectations is not difficult, narrowing your search and selecting that one special card is the hard part. Luckily, the internet makes it easier to compare these cards with minimum effort.
To compare platinum credit cards, Eric Wasselman recommends Find Credit Cards.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
How To Compare Credit Card Interest Rates
Sometimes if you don’t read the fine print you might find yourself signing up to a credit card with extremely high interest rates. And no body wants to pay extra when they can save.
The main secret to comparing credit cards is reading through the marketing material provided, visiting their website and looking around the internet for additional information.
Comparing Annual Percentage Rates (APR)
The most important aspect of comparing credit cards is the APR. APR or annual percentage rates is to do with the amount of interest you pay on your credit card if you don’t make the regular payments. APR’s differ depending on the credit card company and will also change depending on the nationally set interest rates and the individual’s credit rating. Comparing APR’s on different credit cards is fairly important when selecting credit cards.
When reading marketing material look out for the following
* APR Rates
* Billing Structures
* Additional Fees and how they are charged
Finding The APR
One of the best ways to find out what the APR rates on a particular card is to do a quick search on the internet. There should be a link on the credit card company website about APR and rates and other financial information and rates regarding the credit card.
Watch Out For Promotional Rates
If you see a really nice offer regarding low interest rates and special bonuses from a promotion of a credit card company, note that there might be a catch to it. Most promotional offers usually last for a couple of months and what this means is that when the offer ends you’ll be back to normal rates which in some cases are not worth going into. So make sure that the you’ll be happy with the usual rates before you take up any promotional offers on any credit card.
Lastly when comparing credit cards you should always compare APR’s of credit cards they you are considering along with activation fees and additional fees and benefits. You want to find the card with the lowest APR and fees possible. Don’t forget to look at promotional offers as well sometimes you might find something worth while.
Compare the top 4 Credit Cards with our detailed credit card comparision table.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
How to choose the best credit card
Do you have a credit card? If so, chances are that you are not using the best credit card relating to your situation. Read on to help you choose the best credit card.
For instance, a credit card used for 0% balance transfers will not necessarily be the best credit card for regular purchases, or a credit card used to get cash back might actually work out more expensively than a low APR credit card.
Let us examine the three major reasons why people use credit cards:
Balance Transfers
It has become commonplace to switch credit card providers based on the length of the 0% balance transfer deals they offer.
If you have a significant balance on your credit card and you plan to pay it off over a number of months or years, then you have to take advantage of the different balance transfer deals on the market.
Purchases
This is the main reason people have credit cards and if you will use your credit card exclusively for purchases, you need to find a credit card with the lowest APR (interest rate).
Some people might ask why not take advantage of a 0% purchases credit card deal. Well, it really depends on the normal credit card APR and how long you plan to use the card. What if the 0% purchases deal expire and all of a sudden you have to pay 18% APR when you could have applied for a card with no 0% purchases deal, but 12% APR? Which one would you rather have?
Cash Back or Air Miles
This one is quite difficult, as people reason that they are already spending the money on their card, so why not get rewarded for it? Well, normally these types of credit cards have a fairly high APR.
Let’s use an example: Say you have to choose between two credit cards, one that has a cash back offer and one that does not. Easy choice, right? However, say the cash back card pays you $1 for every $100 you spend and has an APR of 15.9%. The other “normal” card has an APR of 13.9%. Now the normal card is the best choice, unless you pay off your balance every month and do not pay any interest.
Then you also get all the hybrid credit cards. Some cards might have 0% balance transfer and 0% purchases deals. Others might have a low APR for the life of balance transfers. This is where you need a really good guide to show you all the different factors when considering applying for a credit card.
So when choosing a credit card, don’t just apply for the first one you come across. Decide what you want to use the credit card for and then check that everything that will impact this usage. Do not let hidden aspects like high APR or default fees make you regret your choice!
Hein Hayman has created a site to guide you through the maze of available UK credit cards. Visit http://www.ukcreditcardcentre.co.uk and take the hassle out of choosing the best credit card.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Getting the Best Credit Cards
Credit cards can be like jewels. Some can be very good, while others can be just average. There are credit cards that have reputations as being elite, hard to get, and very prestigious. The general consensus is that these are also the most difficult cards to get. Many people believe that if their credit isn’t prefect or if they are not over a certain age, these cards are all but impossible to be approved for.
The truth is very few people have perfect credit, and age is far less important than other criteria in determining whether or not an individual will be granted a particular card.
There are a few things that you should consider before applying for one of the very best credit cards. Knowing in advance where you stand is always a good idea, and it may save you the trouble of applying for a card that you probably cannot qualify for.
How is your past credit? That is one of the most important questions that you need to answer. The very best way to know what your past credit history looks like is to get copies of all three credit reports that are currently being held on you. Federal law mandates that all consumers be given one free copy of their credit report from each agency once a year. You have to request the reports and you can do that online.
Check your reports when they arrive and make sure all the information is correct. If there are mistakes, make sure you follow the directions for getting them fixed.
Another issue you want to know about before applying for the best credit cards is how long you have had credit. In simple terms the longer you have had open accounts the better. All credit card issuers want customers who have had some history with credit. This can be especially true with the better credit cards. If you can count your credit history in months rather than years you may want to postpone applying.
The last issue that most consumers worry about when thinking of applying for a highly thought of credit card are late payments. Your history of late payments will be on your credit reports. Take a good look at that. If you missed a payment or two in the past, that will not, usually, disqualify you for a better-than-average credit card. However, if you have several late payments it certainly might.
You also want to make sure that you do not have any late payments still outstanding. If you do, you will need to get those cleared up as quickly as possible before you apply for the new line of credit.
Should you discover that you are not ready for that great new card, don’t despair. You can always work on your credit now and apply for the card later on. Many individuals will discover that with a little fiscal work they can clean up their credit reports in as little as six months.
Peter Kenny is a writer for The Thrifty Scot, please visit us at Cheap Credit Cards and Compare Credit Cards
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Gas Rewards Credit Cards Save You Money At The Pumps
Gas prices breaking your budget? Switch to a cash back credit card rewards plan and save 2% to 5% on all your purchases at your favorite gas station. For credit savvy consumers that can make a difference in real dollars and cents.
Branded gas company cards can cost you
By using a major credit card offered by Visa, Mastercard or American Express for your gasoline purchases you can save a lot of money over a branded gas company card, such as Shell, Amoco, Citgo or Exxon. Usually these gasoline branded cards have a much higher interest rate, usually about 21% or more.
Transfer your balance and you could save even more
Another plus – by transferring your credit card to a cash rewards credit card, you can often take advantage of a 0% APR credit card balance transfer, and save even more. As gasoline prices edge ever higher, this can be a welcome breather to a strained household budget.
How cash back credit card rewards or rebates work
Typically, cash rewards cards offer you rebates on all purchases, including groceries, retail items, movie tickets as well as gas. Cash back credit card rewards are sent to you either as a check or as a credit to your account. These amounts can add up significantly if you travel or put in many miles commuting.
Not all cash rewards are alike
Some gas companies will “brand” their company specific card with a Visa, or Mastercard logo, for example, and can be used anywhere — but you will only receive a cash reward if you purchase gas from that specific station. These types of cards are limiting as to how and where you can use them, and you won’t always get the lowest price on gas.
If you really want to save
For consumers who pay off their credit card balances every month, this type of cash back credit card can really be beneficial, by providing a cash rewards with only a token finance charge. Look for a credit card offer with no annual fee, or transfer your balance to a 0% APR credit card that also offers cash back rebates.
So, if gas prices are breaking you budget, consider switching to a gas rewards credit card offering cash back.
Used wisely, cash back credit cards can be a useful tool in balancing your budget.
Copyright 2005 Ed Vegliante.
Ed Vegliante is the owner of http://www.credit-card-surplus.com , a well organized credit card directory enabling the user to compare and apply for a variety of credit credit card offers. Find links to secure online credit card applications.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Doing The Math On Credit Card Rewards
With the increasing popularity of credit cards in America, it’s no surprise that credit card companies and banks continue to flood the market with all manner of cards–rewards credit cards, cash back credit cards, 0% APR credit cards–all in an effort to appeal to as many potential cardholders as possible by offering a wide variety of incentives for use. The major problem with the strategy, however, is that there’s often little explanation of exactly how credit card rewards work in their respective programs: what’s the difference, for example, between cash back cards and rewards credit cards? And which card will, in the end, save you more? The variety and sheer number of rewards programs leaves some potential cardholders confused about the actual market value of their “points” values.
The most prevalent credit card rewards plans out there today fall into two different categories — percentage-based rewards and points-based systems. The former offers a percentage of your money back on purchases in certain targeted categories, most commonly gas, travel, and in some cases entertainment. The latter offers a series of “points” for all purchases made, which can eventually be redeemed for reimbursements on various expenses, most commonly travel. The percentage rewards plans are fairly straightforward (except for a few obscure snags, such as how your cash actually gets back to you and how much you can earn in any given year through credit card rewards), but in the case of “points”, it’s often difficult to determine exactly what you’re getting for your purchases using a points-based rewards credit card.
But in the end, it all comes down to the numbers, specifically the math formula used to calculate the rewards. A good percentage-based rewards credit card will offer anywhere from 3-5% back on targeted purchases (again, commonly gas and travel.) If you spend $1,000 at the pump in a given year (which, with current gas prices, is a pretty low amount to spend on gas in a year), you’ll earn $50 back in rewards at a 5% rate. For a year’s worth of gas purchases, $50 isn’t a huge amount of money, but it’ll fill you up twice and it’s certainly better than nothing.
Compare this to “points” systems. One points system (from Chase’s Free Cash Rewards Visa) offers a rewards rate of 2,500 points for $25, with one point earned for every dollar of purchases. That’s only a 1% rate of return on the money you put into the card. Certain airline credit cards offer a slightly better deal, such as American Express’s Blue Sky, which allows you to redeem points (again, one dollar per point) in 7,500 increments for a $100 reimbursement on travel expenses, meaning about a 1.3% rate of return. Again, even a low rate of return can help to offset any expenses you may incur, and can make certain purchases essentially free. But 1.3% versus 5% — you do the math.
On non-targeted purchases, points systems and percentage rewards credit cards even out, since most percentage reward cards offer a 1% rate of return on the majority of non-targeted purchases you make. And the “points” cards can offer a few incentives that a percentage rewards credit card can’t, such as bonus points on sign-up, anywhere from 1,000 to 15,000 and up (depending on the value of a given points system, of course.) But, assuming that you frequently purchase the targeted items on a percentage rewards credit card (and who doesn’t make frequent gas, travel, and entertainment purchases?), you’ve got a slight edge with percentage-based rewards programs.
Check all of the fine print and consider your specific purchasing needs, of course, but remember one of the first rules of finance: when dealing with credit card rewards, always look at the long term and make sure to do the math.
Robert Alan recommends that you visit CreditCardAssist.com for more information on credit card rewards.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Different types of credit cards and their advantages.
Different types of credit cards and their advantages.
Gas Credit Cards
There are a couple different types of gas cards; one of course is just your average pay at the pump or pay inside for all your gas and convenience store purchases. The other is the gas rewards card. It can do a couple of different things. You can earn cash back rewards, rebates that are automatically credited to your account and or credit towards future purchases. With the prices of gas today both are great to have in your wallet.
Low Interest Rate Credit Cards
Low Interest Rate Cards are just that. They all have very low or at times 0 percent interest, but you need to do your comparison shopping with these. Your introductory APR times can vary from six, twelve, or even eighteen months.
Guaranteed Approval Credit Cards
These are also a great way to build or repair your credit. You can be approved regardless of your credit, with no approval necessary, or even employment verification. Most are secured by your deposits through your paycheck, or easily loadable, but there are also unsecured cards available.
Student Credit Cards
If you are a full time student and need to build your credit these are great for you. Almost all of these have reward programs or cash back programs for every dollar you spend, which in college can add up to be very worthwhile.
Airline Credit Cards
If you are a frequent flyer this is for you. You can earn flyer miles for every dollar you spend. You can earn big bonuses for your first purchase and between five and fifteen thousand flyer miles.
These are just a few of the many types of credit cards that are out there and available to you, if you need to build your credit, repair your credit or are just looking to be rewarded for your purchases, credit cards are a great way to go. Go ahead and compare these credit card offers and find the one that is right for you.
Article written by: SueAnna Naase Article written for: www.cardaccount.com.
Visit CardAccount.com to locate and apply for various types of credit cards.
None
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Credit Cards are Useful at Every Stage in Life
Credit cards are a way of life now, and used properly can valuable tools for managing your finances. They’re also a lifesaver when you’re faced with something unexpected that must be paid for immediately – such as those times when the furnace goes out and it’s 10 below zero outside, or when then transmission goes out of the car and you must have it to get to work.
Teens can, and should carry credit cards – but only with proper parent/guardian supervision. By letting your teen have a low credit limit card and working with him or her each month to plan purchases and budget payments, you’re setting your child up for sound money-management throughout life. Remember, you’ll have to co-sign for a teen card, so a slip-up from your child will be a blot on your own credit scores.
College students should fall into the same category. While many are earning their own money and paying their own bills, this is not a time to run up large debts. College loans are enough to deal with when young people begin their working lives. Keep the credit limit high enough to purchase an emergency necessity – such as a textbook that a professor suddenly requires – but low enough to pay off without spiraling into long-term credit card debt.
Twenty and thirty-somethings should use credit cards to build a solid credit reputation. By using their cards sparingly and paying the balance promptly, their credit scores will build – putting them in a good position for a low-interest home loan.
This is a time when you may be tempted to splurge on a luxury you really can’t afford – because you can put it on the credit card. Resist. You really don’t NEED that fancy stereo system or tickets to that $200 concert. Paying interest on them makes them even less affordable. Wait until you’ve gathered the money, then see if the trade off between having the money and having the item really makes it worthwhile.
If you’re running a business of your own, or if you are reimbursed by an employer for gasoline or entertainment purchases, your credit card can be an invaluable record-keeping tool. Look for a card that gives cash back on the purchases you make most often, then pay the balance in full each month to avoid interest charges. Shun the cards with airline miles unless you really do travel a lot.
During your 40’s and 50’s you should continue to use your cards for record-keeping, and continue paying the balance in full if at all possible. During these years when travel is a favored pastime, using your card can save you money on foreign exchange rates – so be sure to take at least 2 cards along on vacation. And of course, look for a card that gives you cash back – or airline miles if you travel a great deal.
Credit card use among seniors has soared in recent years – primarily as a result of rising health-care costs. If you’re finding yourself taking on more and more debt, it might be time to look into alternatives such as a reverse mortgage.
For those seniors who remain affluent, using credit cards for travel and bookkeeping is still the wise choice.
http://www.bestrateforcreditcards.com is your on-line resource for credit card comparsions.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Comparing Credit and Prepaid Debit Cards
<p>
Standard credit cards and prepaid debit cards are identical when using them to make a purchase. Merchants readily accept either type of card because they are guaranteed payment by the card issuer. However, there are a few important differences between a standard credit card and a prepaid debit card (sometimes called a prepaid credit card) that may help you decide which to use. <p>
<I>The biggest difference is how the money is made available to you</I><p>
⢠Prepaid Debit Cards essentially convert paper currency into electronic currency accessed via a plastic card. The available funds are limited to what is deposited or drawn down from the account. These cards are available to those with less than perfect credit because the risk to the lender is practically nonexistent. <BR><p>
⢠With a standard credit card, you are borrowing the lender’s money with the promise of repayment. There is no need for a security deposit when you are approved for a standard credit card. <p>
<I>The difference in convenience</I><p>
⢠When it comes to convenience the prepaid debit card is only as convenient as you have funds remaining in your account. Although they look like a credit card, it is better to think of them as a check. <BR>
⢠With a standard card your credit limit is typically a generous amount that would be difficult for most people to deposit into a prepaid account. <p>
<I>Fees and term differences</I><p>
⢠With a prepaid debit card there will usually be an activation fee, monthly service fees and fees to use an ATM. <BR><p>
⢠A standard credit card agreement is typically free of application fees or service fees. Interest rates, over-limit and late fees need to be reviewed when considering a credit card.<p>
<I>Differences in protection</I><p>
⢠Credit card users have additional protections that prepaid debit card users do not have. When an item is purchased with a credit card and the buyer has an issue that cannot be resolved with the seller, the issuing bank often offers safeguards for the consumer. Cardholders can dispute or stop payment of the charge. <BR><p>
⢠When a purchase is made using a prepaid debit card, there is no remedy when you have a problem with that purchase. Buyers beware!<p>
If you have bad credit or no credit at all, the easiest way to have the convenience of credit is to get a prepaid debit card. You can also try applying for a secured credit card (designed for bad credit). Although these cards require a security deposit, they will provide you with a ‘true’ line of credit if you’re approved.
For additional articles and resources for everything you need to know about prepaid credit cards, please visit us at ASAPCreditCard.com and check out the best low interest rate credit card offers.
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Compare Credit Cards in the Australia
A credit card is given to a person by the bank to make purchases with. The bank gives the authorization to a card holder to purchase anything up to certain limit as a loan. The bank pays for the items the individual purchased with the credit card and over time the card holder pays back the bank through regular monthly payments.
If the card holder falls short to pay the bank monthly payment in a timely manner, the bank has every right to add interest charges to the unpaid portion. A credit card can be a creepy thing to have if your spending gets greater than your budget. There are a number of credit card companies that actually target inexperienced individuals and dupe them into believing it’s a good thing to have. Later the card holders realize how much financial trouble the credit cards have put them in.
It is significant to get a credit card from a company that will not charge you exorbitant interest rates or put you into debt and will let you spend on the things you really desire. When you compare credit cards it can be a puzzling course. It is essential to know the facts to make the right choice. Never go for the first company that approaches you. Scope out and investigate what’s available in the market currently. You should compare credit cards by making a list of financial priorities of your life. Decide what you really need to use the credit card for. You will get an idea of how much you will need to use on your credit card and for what. Credit cards have a certain limit depending upon the type of card you’ve chosen.
Making a list of priority expenses will help you get an idea of what credit card limit to aim for when you compare credit cards. After grasping your financial priorities this will further prevent you from getting distracted with different offers and credit limits because you’ll know exactly what is your requirement. Knowing your requirement will prevent credit card salespeople from taking undue benefit from you.
If you need to buy more expensive larger items with your credit card, then your main goal when you compare credit cards should be to get the lowest annual percentage rate also known as APR. The APR is the accumulated interest you’ll have to pay on the amount you owe for purchasing a largely expensive item. Since it is so expensive, it will take you longer to pay off, so low APR will be in your best interests. The amount of APR you pay to a credit card company is determined after taking a look at your credit history. If in the past you have paid off all your loans on time and regularly, you will definitely be granted a low APR for credit card purchases.
You should inquire about their annual fees, and other incurred charges involved with their credit card to get a clear picture of what the conditions entail from the bank. Penalties, late charges, and grace periods are all key things to inquire about so you know what you’re getting into before signing.
Don’t ever forget to inquire about where the card is accepted and whether it has national or international features. When you compare credit cards and take the effort to research the market you should be able to come out with a choice to give you the best credit card for your financial needs.
For more please view Credit Cards Heaven™ Credit Cards Heaven™ offers interactive credit card comparison tables to view the latest credit card offers from Australia’s leading financial institutions!
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Citibank Credit card
In simple words a credit card is a plastic card used to make purchases. An account number is assigned to a cardholder with a credit limit to purchase goods and services and to get cash expenses on credit. The cardholder gets a bill from the issuer for repayment of the credit at once or on an installment basis
Citibank offers a range of flexible and personalized credit and charge cards that you can manage online. You can use the Citibank credit card for everyday purchases as well as for planning more expensive investments or for sudden and unexpected events. The Citibank credit card is one of the safest payment cards on the market with the longest non-interest paying period. 33If you repay the entire amount due in the current month, you receive an interest-free loan for up to 55 days. If you make a purchase at the beginning of the period, you will receive a credit card statement in 30 days. If you send your payment within the 25-day repayment period, you received an interest-free loan for the purchase for 55 days free of charge.
Citibank has more than 25 million stores, which can accept your credit card. If you are in need of immediate cash, you can also make use of your card and get cash through an ATM machine. For safety, Citibank credit card has your photograph and signature on its front. In case you lost your credit card, just call the CitiPhone service to avoid misuse.
Citibank offers different types of credit cards for all and some of them are Citi Driver’s Edge Card for College Students, AT&T Universal Platinum Card, Citi Bronze/AAdvantage MasterCard, CitiBusiness Card, Citi PremierPassSM Card, Citi Platinum Select Card, Citi Upromise Card and many more.
You can easily apply for Citibank credit card. The process is very simple and you have to call help line and a sales representative will come at your request and complete the application form and take necessary documents from you. After approval of your application form, you will receive your Citibank credit card by mail within a week. The main documents needed are citizen identification card and a salary certificate. You can also apply for Citibank credit card online. You have to fill an online form and apply for credit card. The documents or formalities in both cases are same.
The author presents the website on Citibank credit cards http://www.easycitibankcreditcard.com/ . It covers types of Citibank credit cards, how to apply for Citibank credit card, where to use it and repayment criteria. You can visit his site on http://www.getcitibankcreditcardonline.info/
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Chase.com Credit Card: An New Breed Of Cashless Shopping
When people started using plastics as their primary source of financial disbursements when shopping, they did not yet realize its greatest potential until today.
It is only now that consumers learned how to treat credit cards with utmost care and concern as these could be one way to their success or failure.
Consequently, with the dawn of cashless shopping, many credit cards companies continue to proliferate in the market. What they are targeting right now is the world of information technology. With this, they continue to advocate the very concept of the word “convenience.” Thus, many credit card websites had incessantly created websites to cater to the growing virtual populace.
One good example is the chase.com site. It primarily provides all the credit card requirements of every consumer. What’s more they offer online services wherein their credit card holders can take advantage of digital services and wireless transactions through the site and through their chase credit cards.
The chase.com credit cards offer a variety of credit cards that will suit the customer’s specific credit needs. Chase.com credit card comes in a wide array of general purpose cards, rebate cards, entertainment cards, travel cards, and auto & gas cards. Chase.com credit cards also include retail cards, student cards, and college and university alumni cards, cards to support organizations, military cards, sports cards, and business cards.
With the wide array of credit cards chase.com provides, the consumer will have lots of choices that will certainly answer to their specific needs. There are credit cards that also cater to rewards, cash backs, points, and miles.
Moreover, choosing and applying for chase.com credit cards is relatively easy. The site offers four ways how to apply for chase.com credit cards. They can:
1. Choose by category
In this manner, customers may look through the categories of the cards that they think would serve them best. They can choose whether they want travel rewards, cash backs, auto and gas rebates and a whole lot more.
2. They can use the “help me choose” facility.
With this facility, consumers may ask the site for suggestions regarding credit cards that would provide them their needs.
3. Compare card features
Customers can select some cards and place them next to each other for comparison purposes.
4. Browse through the complete list.
This option is available for customers who really can’t decide which credit card to choose.
So, with the advent of chase.com credit card, there will surely be a better way to enjoy cashless shopping.
David Riewe is a Publisher and Online Marketer. Visit his Credit Resources Blog Below: http://www.push-button-online-income.com/creditcards/
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it