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...

Credit Card Penalties May Jump to 30 Percent for Bank of America Customers

Posted by: Lola Thornton  Posted date: April 26, 2011 in Credit Cards Articles
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Customers of Bank of America Corp. may experience a massive increase in credit card penalties, according to an announcement made by a company spokeswoman on Tuesday. The spokesperson said the major card issuer plans to hike penalty interest rates to as much as 30 percent for customers who miss payments in the coming months.

Bank Increases Penalty Rate to Compensate for Lost Revenue

In order to compensate for a large decline in revenue so far in 2011, Bank of America is making changes that could have a huge effect on its customers. Starting June 25, the bank will begin charging a penalty rate of as much as 29.9 percent for customers who make late payments on their credit card balances, the company spokeswoman recently confirmed.

The bank reportedly saw a decline in revenue to $5.6 billion in the first quarter of 2011. Th

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Tags: Card Penalties Credit Card Credit Card Penalties Customers

The Advent of Huge Bonus Miles Credit Card Programs

Posted by: Matilda Sprent  Posted date: April 24, 2011 in Credit Cards Articles
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The Advent of Huge Bonus Miles Credit Card Programs

Credit card companies fight tooth and nail to get each other’s loyal customers, and when the competition heats up it is always good for the cardholder. The most dramatic example of this kind of war to win customers in recent history happened this spring, when innovative card company Capital One fired the first shot by matching up to 100,000 points for anyone who moved mile accounts over to the travel rewards card.

That attracted lots of people who had accumulated miles in other programs and did not want to risk losing them by changing credit cards. In addition to that, the card company also offered a bonus award of 10,000 points to anyone who signed up for the card. Then Chase followed with a great deal on its British Airways Visa card, offering a sign-up bonus of up to 100,000 miles. A

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Tags: Card Programs Credit Card Credit Card Programs Programs

One in five shopped for a credit card in the past 12 months

Posted by: Matilda Sprent  Posted date: April 24, 2011 in Credit Cards Articles
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Nearly one of every five cardholders shopped for a new credit card in the past 12 months, according to a recent report published by comScore.

Among other findings, the comScore Online Credit Card Report (2010 edition) reported that 19 percent of cardholders shopped for new credit card offers in the previous 12 months.

Even more, the percentage of cardholders shopping around for credit card deals jumped to 34 percent (slightly more than one in three) among those who have a positive view of the economy.

Additionally, comScore noted that 14 percent of those who do not carry a balance on their credit cards shopped for a credit card in the past 12 months, and this figure jumped to 23 percent among those who do carry a balance.

This significant (nearly double) increase between the two groups could potentially be related to the relative strength of balance transfer offers right now.

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Tags: 12 Months Credit Card Months

Best (and cheapest) ways to spend abroad

Posted by: Lola Thornton  Posted date: April 24, 2011 in Credit Cards Articles
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Cash, credit card or debit card? There are many ways to spend money abroad but what is the cheapest easiest and most secure option?

Improving your credit score will give you access to cheaper borrowing rates.
We explain

In the next few weeks we are spoilt for holiday time, with the Easter break, two May bank holidays and the Royal Wedding – many people are planning to escape the UK.

But if you want to make the most of your money then you need to think about how you will spend it in advance.

Credit cards

You should only use a credit card if you can pay off the balance each month otherwise you may start to accrue hefty interest charges. Spending on a credit card abroad can mean youre slapped with hefty loading fees as well as poor rates of interest. You also have to beware of credit card withdrawal fees of about 3 per withdrawal, plus immediate interest on top.

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Tags: Abroad

Points You Should understand In Relation to the Credit Rating System

Posted by: admin  Posted date: April 22, 2011 in Credit Cards Articles
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Understanding the concept of free credit score system via some key checkpoints can be done easily once you know its importance and usage. If you need help understanding your credit report, read this informative article.

It is actually normal for us to head for credit as soon as we’re inside a huge monetary need; nevertheless we’re running out of cash. In place of pawning our precious assets in replace for the sum that we require (which is generally minus the related interest), we can be related for different types of loans with suitable terms of repayments and reasonably priced interest rates. In addition, there are situations when the lender gives you discounts and other types of monetary bonuses to their shoppers, as a result making credit a helpful option if you are in massive financial need.

Alternatively, you will find those who usually do not realize the limits that should be followed while turning to credit. Read more…

Tags: Credit Report Free Credit Score

Earn $150 in Rewards With Chase Sapphire

Posted by: Matilda Sprent  Posted date: April 20, 2011 in Credit Cards Articles
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Add Chase to the long list of credit card providers who are upping their perks in an attempt to earn more business.

Ever since the economy crashed, credit card companies have been scrambling for new business. This makes sense: Consumers, burned by the economic meltdown, have become more cautious with how they spend their money. They’re more choosy, too, about which credit cards they select. It’s why so many card issuers are offering consumers thousands of free airline miles, $100 cash-back bonuses and other valuable perks just for signing up for their cards.

Chase with its Sapphire Card (review) is following this trend. New account holders can quickly earn $150 worth of rewards points with this card.

Here’s The Deal

New account holders will earn 15,000 rewards points if they charge at least $500 worth of purchases on their new Chase Sapphire Card within the first three months of activating it.

These bonus points are worth $150. Card

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Tags: Chase Chase Sapphire

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