Fund Region » Credit Cards

Hotel Rewards Credit Card Offer

admin — Wed, 11 Nov 2009 23:27:18 +0000

Cards that offer hotel rewards are redeemable for free nights or discounts on your hotel stays. They are great deals for frequent travelers because you also earn bonus points when you stay. Starwood Preferred Guest Credit Card credit card offers from American Express are right now the most popular hotel rewards cards. With this card, when you earn up to 25,000 Starpoints, it equals to up to 6 free nights in 1 or 2 category hotel. You can use your upgrades and free nights in 95 countries with no blackout dates. With your first year you will have no annual fee, after that it is $45 a year. Cardholders can build points quickly in two ways. The Starwood card offers 1 point-per-dollar spent on any purchase and 2 points-per-dollar spent on any Starwood related purchase. The introductory rate is 2.9% doe 6 months then 15.24% thereafter. Accumulated points are redeemable in increments of 7,500, which is equal to a discount of $100. Cardholders can instead redeem their points for frequent flyer miles or special rates on Amtrak instead of discounts on hotel stays. Car rental insurance, travel accident insurance and fraud protection are additional benefits of this American Express Card.

Advice on credit card deals

admin — Thu, 13 Aug 2009 21:37:51 +0000

Credit cards are now an integral part of someone’s wallets. There was this time when there would be very few people who flashed a credit card and today it is no longer a rare thing to be the owner of a credit card. You might as well apply for a credit card now. Before you apply for a credit card you must know that all companies say that they offer the best credit card deals but you need to be able to research well and decide for yourself which deals are the best and which deals do not suit your needs.

Here is some important advice before you find a credit card for yourself.

1.Â Â Â Â Â Â Â Get a list of all the credit card companies.

2.Â Â Â Â Â Â Â Find some of the offers that attract you the most. Remember to look for freebies as well as interest rate and annual fees.

3.Â Â Â Â Â Â Â Interest rate is the most important factor pay special attention to this while choosing the best credit card deal.

4.Â Â Â Â Â Â Â Look to see if you can find a 0% interest rate credit card which you are eligible for. These are very handy and give you the freedom to spend without paying interest for the first few months.

Break the Vicious Minimum Payment Cycle

admin — Fri, 10 Jul 2009 03:15:08 +0000

Minimum payments are usually calculated as a certain percentage, averaging around 1-3% of your credit card balance.Â The biggest mistake you can make is to miss a single payment on your credit card because that will trigger the interest rates and you end up burying yourself deeper into debt because instead of simply paying off the principal, you’re stuck paying for the interest.Â Making at least the minimum payment will help you avoid more bad debt but why prolong the agony in the first place?Â Break the cycle and manage your money wisely.

When Being A Deadbeat Works. Credit card companies make their money off the interest rates they charge you especially when you keep making the minimum payments.Â Try to pay more than the minimum amount due – you end up knocking off the debt quickly and save your money from high interest rates.Â Even better, make the payment in full and as much as possible avoid carrying balances altogether.

Improve Credit History. You can cost precious points off your credit score when you just keep on meeting the minimum payments.Â Your credit score will rise when you pay off your balance faster by making higher payments.

Qualify For That Important Loan. In order to qualify for that mortgage or student loan, you definitely need to be paying off some outstanding debts and making the minimum payments only will not help you there.Â Make the higher payments and do your credit history a favor and banks will be more eager to grant you that loan.

Stretch Your Spending Power. You don’t want to pile on one more bad debt on top of another.Â You can use your credit card for that more important and necessary purchase if your balance is a lot lower and you’re secure in the fact that you’ll be able to afford the payments.

Start Small and End Big. Start by increasing your minimum payment as much as you can afford at a given time.Â For example, if the minimum payment due for your outstanding balance is $30, try adding $5.00 more to that and then start adding even more as you can afford it.Â Eventually, you’re motivated to complete the payment and your debt is settled sooner.

When You Can’t Make The Grade. Sometimes, especially these days, you overstretch your budget and you simply can’t meet the deadline for your bills.Â Contact your creditor to let them know ahead of time.Â Assure them that this is only a one-time deal and let them know when you can make your next payment and make sure you meet that date.Â Most of them will assist you by extending your due date, waive the late fees and still report to the credit bureaus that the payment is still in a “current” status.

Should You Settle Your Credit Card Debt

admin — Tue, 03 Mar 2009 10:33:46 +0000

Debt settlement is growing in popularity with credit card companies as they are sending offers to consumers that have been making minimum payments, or are close to their limits or even those consumers that have reached and even exceeded the spending limit that was established. Settling the debt will result in a lower price being paid, even with the use of monthly installments in some cases, to the credit card company – rather than repaying the full amount of the credit card debt.

Although one of the main benefits of debt settlement for your credit card allows the consumer to reduce the debt which is paid in total, it can reflect poorly on the consumer as this act is recorded on the credit report. Be sure to check with the credit company and research your options to ensure that you are preserving your credit rating – debt settlement should be the last resort.

Why are credit cards offering debt settlement choices to so many consumers? The credit card company would rather receive a portion of the money that has been charged, rather than to lose all of the money together when the client and card holder is unable to repay the bill that has been accumulated. Therefore, the credit card company can see fewer losses.

Although it can free up money within the finances, it is important to know of all the terms and conditions that come with the offer. Are you going to be able to maintain credit with the company or will the account be closed? How long will it continue to affect the credit report? These are all aspects to keep in mind when considering credit card debt settlement.