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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

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Credit card companies give hot deals on travel reward credit cards

2011-07-12

In a bid to attract customers credit card companies are offering hot deals and giving cardholders a lot of benefits. Now, the frequent travelers will have to decide if they have to look for better offers or stay on with their existing card companies.

Some of the hot deals that are being currently offered are waived fees on first baggage that is checked as well as for the people who are traveling along with you. Free passes are also being offered to airline clubs and the foreign transaction fees are waived off. Apart from the bonus miles that are offered, the annual fees are also waived off for the first year.

The competition in the rewards cards segment is going up and this kind of fierce competition was never seen earlier, states Odysseas Papadimitriou, CEO of a credit card comparison site.

According to reports from The Wall Street Journal, credit cards are offering a lot of rewards and perks in order to attract the wealthier customers. Since the travel reward cardholders are big spenders and charge around $1,359 per month when compared to $805 that an average cardholder charges, card companies are all out to attract the big spenders.

The Platinum Card from AmEx that charges an annual fee of $450 has now decided to add several travel extras which could be more than the card cost. So, you can now choose from the number of cards that are available such as Capital One Financial, J.P. Morgan Chase, and Citigroup etc.

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[Sunday, December 18, 2011]
Chase Bank recently announced the redesign of its Visa credit cards - allowing more space on the front for the Chase logo. This new design is in trial mode currently but Visa has pans to roll out its new design to other financial institutions in order to increase the branding and logo visibility of the individual issuing banks.
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[Friday, October 28, 2011]
Debit and credit: they`re both plastic, why not consolidate them? The Cinncinati-based Fifth Third Bank, is the first to offer the DuoMasterCard which consolidates both a checking and a credit card account into one card.
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[Wednesday, September 21, 2011]
It really pays when you do the right thing. Take credit cards for instance, having a clean credit profile really does help. Those who managed to maintain a squeaky clean credit report during the recession can now jump with joy, as they will get some of the best deals from credit card issuers.
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