Surviving in the world...

Surviving in the world of credit cards

Now we, customers, play a game ‘who have a better credit score’. It looks like that having a credit score is a point of pride rather than...

Some necessary researc...

Some necessary researches before getting rewards credit card

You decide to choose a credit card? OK, at first make a research to find the best variant for you. Before you request one of cards, you should be...

Advantages of reward c...

Advantages of reward credit cards

Of course, you think about worth and convenience of using a retail credit card so that when you buy something at this shop and you see something you...

A good credit history ...

A good credit history it’s very easy

Credit cards are convenient and can certainly help you to settle a good credit history, when you are young. And the good credit history is very...

$100 Bonus Cash Back With Chase Freedom® MasterCard

Posted by: Matilda Sprent  Posted date: January 28, 2011 in Credit Cards Articles
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If you rely more on credit cards than cash to pay for everything from gas to groceries to dining out, you can quickly earn a sizable cash-back bonuse with the Chase Freedom® MasterCard – $100 Bonus Cash Back. In fact, if you use your credit card often, you’ll earn $100 in bonus cash in just a short amount of time.

Chase is offering a cash-back incentive to all new Freedom MasterCard members. You’ll have to spend $800 with your new card within three months of activating your account. If you do this, Chase will automatically credit your account with $100.

This isn’t the only perk that comes with this card. The Freedom card offers a host of rotating categories each month — everything from home repair purchases to travel to dining out. Whenever you make a charge in the right category, you’ll earn a cash-back bonus of 5 percent. For all othe

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Tags: Chase Freedom® Chase Freedom® Mastercard Freedom® Mastercard Mastercard

Ask Creditnet: Credit Card Use on a Fluctuating Income

Posted by: Lola Thornton  Posted date: January 27, 2011 in Credit Cards Articles
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Dear Creditnet: I need some expert advice. My credit score is in the low to mid 500′s…sad i know!

I have 7 credit cards that I use all the time, but they have low limits under $1,000. My work is commission only too, which often causes me to make late payments and then get hit with big fees.

How can I better manage my credit cards and improve my credit scores?

Answer: Since your work is commission only and it sounds like you experience fluctuating income from month to month, I wouldn’t recommend using credit cards for all your daily expenses at this point. At least not until you have enough saved in the bank to cover several month’s worth of purchases.

An important part of responsible credit card use is to treat your card like cash. That means only buying something when you already have the cash in the bank to pay for it.

So until you have enough saved to cover several month’s of expenses, it’s best to keep your current credit cards open and just use them for one small purchase a month. Buy everyth Read more…

Tags: Credit Card Use

Credit cards may not always be best option for young adults

Posted by: Matilda Sprent  Posted date: January 27, 2011 in Credit Cards Articles
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While many parents feel that their teenagers should begin to become more financially independent, those who compare credit card offers from lenders know that this demographic does not always get the best deals. And some in this demographic may not be responsible enough to handle a card with high interest rates or other fees.

As a result, many will want to examine other options, such as debit cards linked to bank accounts and prepaid cards, to cover their children’s spending.

BillMyParents is one new service many may want to consider. With a BillMyParents prepaid card, parents can set limits for their children’s spending, and unlike other options, there is no way for the preset amount to be exceeded. The card offers many advantages, such as easy reloading options and no monthly minimums. Also, if the card is lost, the BMP card can be replaced, unlike stolen or misplaced cash.

“People are going to see debit cards as the wave of the future,” Jim Collas, founder of BillMyParents, told San Diego.com. Read more…

Tags: Credit Credit cards

Free Checking: Another One Bites the Dust

Posted by: Lola Thornton  Posted date: January 27, 2011 in Credit Cards Articles
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I’ve had a free checking account with WAMU (now Chase) since 2004. And while I’ve never used it as my primary checking account, I did maintain a decent balance while running several transactions through it each month. Frankly, it was just nice to have around when I needed it, and I probably would’ve never thought about closing my account had it not been for a letter I received from Chase a few weeks ago.

Apparently Chase, as we’ve seen with many other large banks like Wells Fargo and Bank of America, is ditching the old WAMU slogan – “Home of Free Checking” – and adding a $10 monthly fee to my account effective February 1st. The nerve! This is just absolute craziness to me. I’ve never paid a monthly fee for a checking account in my entire life. It just goes against the very core of my being. But alas, it’s no secret what’s going on here, and I can’t blame Chase. I’m sure I was an unprofitable customer in the first place.
Need money? Go to Read more…

Tags: Checking Free Checking

As Borders flirts with bankruptcy, it’s time to use their gift cards

Posted by: John Freycinet  Posted date: January 26, 2011 in Credit Cards Articles
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I got a gift card myself for Christmas, and I’m heading to Borders today to use it.

That’s because news leaked out last week that the long-troubled bookseller has hired bankruptcy attorneys to help it sort through its options.

Consumers should do themselves a favor and get to the nearest Borders now to make sure they get full value from their gift cards. While Borders has said it still hopes to evade bankruptcy, I’d get there pronto. The history of retailers honoring gift cards after bankruptcy filing is mixed, and your right to redeem a card is not guaranteed.

In Chapter 11 bankruptcy, companies try to restructure instead of shutting down, and use bankruptcy court to reorganize debts. Those companies tend to keep honoring gift cards to keep their customers loyal.

Even if a retail chain does go Chapter 7 — liquidating and shuttering its stores — the shutdown doesn’t have to happen instantly.

Read more…

Tags: Gift Gift Cards

Zero percent balance transfers persist despite CARD Act changes

Posted by: Matilda Sprent  Posted date: January 26, 2011 in Credit Cards Articles
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This holiday season, many consumers expressed their apprehensions about using credit cards for purchases, and a majority followed through on their assertions, switching to cash, debit and checks for their payments.

However, credit card companies have been taking note. As a result, those who compare credit cards could find big savings this year, and even options with more than one wallet-friendly incentive.

After the passage of the Credit Card Accountability, Responsibility and Disclosure Act of 2009, many industry experts expected zero percent introductory offers to disappear. This is because some consumers would use the cards for introductory benefits and then discard them once normal interest rates took over.

Despite this prediction, issuers have unveiled a host of zero percent offers for those whose credit scores are up to par. This includes zero percent introductory rates on balance transfers and/or purchases. Read more…

Tags: Card Card Act

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