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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Rewards Credit Card Deals

Wednesday, June 06, 2007

Figuring out which credit card deal is best for you.

Credit card rewards programs are one of the hottest things out there right now. Everyone loves being rewarded for merely spending money on their credit cards and credit card companies have no choice to comply because the competition between creditors is pretty stiff. There are a multitude of rewards options including: frequent flier miles, hotel discount credit cards, gasoline credit cards and even cash back rebates!

The type of rewards program that is right for you is going to be determined by your spending habits and your personal preferences. Not every rewards program is going to fit into your lifestyle so choose wisely! Credit cards work much like small loans that you have to pay back over time with added interests, so treat them this way.

With all of the marketing techniques being used out there by credit card companies today, it is difficult to tell which is legit and which is harmful. There are certain things that you should be looking at such as: APRs, grace periods, annual fees, and cash advance fees and many more. Picking out the right card is up to you!

Credit card company tricks

Credit card companies are in the business for one thing ó your money! Donít be fooled by all the advertisements and the solicitations. These card companies wouldnít be in the business if they were losing money or if they werenít trying to make some sort of gain. Credit card rewards programs are often tied in with high interest rates and high interest rates mean more money out of the consumerís pocket!

If you carry a usual balance on your credit card it probably isnít wise to get a rewards credit card because your interest will be much higher then it would be otherwise. Sure, youíll be racking up rewards but you will most likely be paying back more in finance charges then your benefits even add up to!

Another trick of credit card companies is to add limitations and restrictions to their rewards programs. Travel restrictions are among the largest restrictions out there. If you plan on using your card rewards for frequent flier miles or airline miles through a specific airline, you are going to have to be careful about when you book your ticket and to where. Many companies will only allow you to fly during certain parts of the year or you may have to book two months in advance!

Comparing credit card deals is crucial. If you have any ambition of getting the best credit card deals then you will first have to compare credit cards. If you just pick up any old credit card application from your mailbox and send it in, you probably wonít be getting the best deal for your credit.

The best place to go for comparing credit card deals is the internet! The internet has a wealth of options and some websites even allow for side by side comparisons! This lets you compare a number of features that cards have and lets you pick the best one. Remember, there isnít one best credit card. A credit card that fits your lifestyle and your spending habits is the best one for you!

Another effective way for comparing credit card deals is to use a Microsoft Excel spreadsheet. Here you can manually lay out the offers from the top credit card deals you find and figure out which one is best. By doing it this way you can put in your own criteria for a credit card.

If you have any questions whatsoever it is important that you contact the credit card company before you apply for a credit card! It would be far better to know all about the cardís fine print rather then get surprised later!

One thing that you will tend to notice about rewards program credit cards is that each card has its own system of calculating your bonus points. For instance, if you have a hotel discount credit card, they may give you 1% on all of your purchases while youíll receive 10% for all purchases made through their line of hotels!

This is often the case with gasoline credit cards and airline miles credit cards as well. Donít just assume that every credit card calculates their bonus points in the same way because they donít!

One last thing that buyers should be aware of is cash rebate credit cards. You may find a card that offers 5% on all of your purchases. This may sound like a great deal, after all youíre getting $5 for every $100 spent!

But the truth with a lot of these cards is that you wonít start earning rewards until after you have spent a certain amount- say $5000 in a year! So your 5% rewards wonít start until after you have spent that five grand!

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[December 05, 2011]

In a time when banks have begun charging monthly debit fees, baby boomers may be able to find discounts based on their age and experience. Our research reveals some of the best checking accounts for consumers over 50 - and the best part is that they`re free!

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[October 12, 2011]

All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

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[September 07, 2011]

With the economic upheaval, obtaining a credit card seems a distant dream, especially if you fail to qualify for any credit card application. Nonetheless, turning into an authorized user, i.e. attaching yourself with a good-quality credit customer`s account and the consent to use it, would boost your credit scores swiftly, and jump start your credit history.

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