Posted on 19 March 2011
Tags: american, American Express, back, back cards, balance, balance transfer, Balance Transfer Fee, bank, bank account, Bank Credit, Banks, big purchases, booking, BusinessBusiness, Business_Finance, card holder, Cards holder, cash, cash back, cash back bonus, cash back credit card, cash back credit cards, Cash Rebate, Cashback, CashbackCashback, chase bank, Chase Freedom, Chase Sapphire Card, Cheque, Citi, Citi Bank, citibank, Citigroup, credit, credit card account, credit card issuer, Credit cardCredit card, Credit Cards, Credit cardsCredit cards, customer services, customer support, discount, Discover CardDiscover Card, Discover More Card, Dividend, drawback, expenditure, extra charges, FICA, FinanceFinance, fraud prevention, freedom card, functionality, grocery stores, home renovation, interest, interest rate, Limited, limited time offer, low interest, low interest rate, MasterCard, MasterCardMasterCard, MIT, notifications, online, payments, percentage, Rebate card, Rebate cardRebate card, RebateRebate (marketing), Reduce, reward, spending, support, unauthorized purchases, USD
Credit cards are becoming popular now-a-days. It is easy to pay through them. When we pay through credit cards some percentage is deducted. This can be now shared between the issuer and holder of the card. This share is given by the credit card issuer. It can be in the form of points which are added in the credit card. It can also be in monetary form which is given back to the holder through cheque or credited in the credit card account. This is about 0.5% to 20% of the net expenditure. In monetary form it is called “cash back”. Cash back cards are liked by the customers. Some popular cash back credit cards are:
Discover More Card
It gives 5% cash back on various items. Online purchase on it gives 5% to 20% cash back. Its low interest rate, less fee and high functionality and wide customer support make it popular among customers. It is helpful in fraud prevention and unauthorized purchases. Its drawback is the customer gets notifications when the deadlines are near. It comes in few categories among which customer can choose. These are:
- No Balance Transfer Fee: There are no annual charges, no transfer charges but is only for limited time.
- Limited time offer: Only for the first year there are no transfer fee later charges 3% for balance transfer.
- $100 cash back bonus: If $500 spent in 3 months then gives cash back of $100.
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Posted on 18 August 2009
Tags: 0% APR, American Express Card, application, APR, balance, Balance Transfer Fee, Banks, Bills, citibank, Credit card balance transfers, credit line, creditor, due dates, fine print, loan, low interest rates, monthly payments, new credit card, Visa Card
Credit card balance transfers enable a person to pay off his old bills by opening a new credit card. It can be considered as a refinance, as your old credit card balance is paid off, and you start off with a new credit card balance with a new rate and terms.
Let’s look at a quick example
Let us suppose that you have an American Express Card with a balance of $1,000 and a 20.99% APR. Whereas you can get a new Visa card with a credit line of $5,000 and 0% APR for 12 months.
If you choose the balance transfer offer using your new Visa card, you’ll pay off the $1,000 balance which you had with American Express with your Visa credit card, and the balance on your Visa card will become $1,000.
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Posted on 10 August 2009
Tags: 0% APR, Advantages of 0% APR Credit Card, American Express, balance transfer, Balance Transfer Fee, citi card, cost, credit card, creditor, Finance charges, interest rate, Loans, payment, savings, transfer balance, Universal Credit Default Rule
There are credit cards available in the market that offer a 0% APR introductory period. Most credit cards offer 0% APR for the first 12 months for purchases and balance transfers, and this can mean some serious savings if you plan ahead. Thus try to go for this type of credit card when you decide to get one.
Advantages of 0% APR Credit Card
A 0% APR credit card allows you to make purchases for the first 12 months by paying only the minimum payment each month. This way you don’t have to worry about paying any interest or finance charges for 12 months.
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