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 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.
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