Posted on 10 January 2011
Tags: American Express, back cards, best credit card, big spenders, Business_Finance, cash-back ratio, cash-back reward, Cashback, chase, Chase Freedom, Costco, credit card, Credit card cashback, credit card return, Credit Cards, Discover Card, earnings, Finance, gasoline purchases, Human Interest, interest charges, investment accounts, investment credit, investment credit card, Money, Payment systems, Personal Finance, rebate, rebate coupon, rebates, reward rates, shopping, t pay, tires, U.S
If you have control over your expenditure, Cash-back cards can provide you with a way of getting small returns on your shopping expenditure. But in either case, the interest charges can adversely affect your savings if you don’t pay-in full each month.
Survey
At 12 data points, 30 cards were examined carefully. The features that were given considerable importance were;
- A payout cap
- If a card had an annual fee
- Reward tires
- Expiry date
A cash-back ratio was also computed for those cards that used points in the reward formula. This made the comparison extremely easy and saved much of the time.
Results
- No clear winner was found for every type of card user.
- Investment card were found offering higher returns.
- Some of the cards awarded larger payouts for big spenders.
- Some of the cards also awarded transactions but in categories of special purchase.
- Half of the cards, those were surveyed, provided only 1% return on purchases.
Cards having highest returns
Generous rebates were offered by the Investment credit cards which were offered by Fidelity. It had total four cards and three out of them awarded 2% cash-back on the purchases. Whatever you earn, will directly get deposited into your investment accounts that you have with Fidelity.
Read the full story
Posted on 17 March 2010
Tags: Affinity cards, annual fees, bank loan, Co-branded cards, credit, credit card, credit card balance transfer, Credit card cashback, credit card comparision, credit card cost, credit card limit, Credit Cards, credit history, crrdit cards, Debt, Finance, Finance charges, grace period, interest, interest rate, Interest Rates, Introductory Rates, low interest credit card, Personal Finance, Point cards, Rebate card, Rebate cards, rebates, Secured Cards, secured credit card, Unsecured cards, US Federal Reserve Board
While applying a credit card, people go for best deal. Some people think that credit card charging the lowest rate is the best one. While deciding to purchase a credit card, you must consider its lower rate, rebate points, annual fees and mileage points as well. Follow the following given points that will be helpful for you.
Types of Credit Cards
· Unsecured cards are not backed by security and are issued on your creditability.
· Secured cards are issued against a security and the credit limit is usually up to the amount of security.
Credit Cards with additional features
· Rebate cards gives you the facility of rebate based on your purchases and are usually 3% to total amount of purchase. Rebates are processed at the end of year.
· Point cards facilitates you be offering points which can be used to purchase discounted merchandise and tickets. These points are processed quarterly and accumulates to next quarter if unused but are voided after certain period.
Read the full story
