Category Archives: Credit Card

Charles Schwab Credit Card: what made it tick

The Charles Schwab Credit Card has since been discontinued by Schwab. But let’s try and scratch the surface and see what made this card tick. The Charles Schwab Credit Card was an effort by Schwab to try and get as many accounts to their fold as they possibly could. This gave birth to a card that was essence a cash rebate credit card. What that meant is that all of your rebates get accumulated straight into your Schwab account. Let’s now look at some numbers instead of going on about what the card was all about in the first place.

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British Airways credit card: helping you get miles of smiles

If you’re a regular traveler on British Airways. Perhaps it is time for you to avail of the British Airways credit card and maximize your miles and flying experience with the renowned airline from Blighty. You should know though that there is an annual fee of $75 levied on the British Airways credit card. And this fee is pretty much par for the course for almost any kind of rewards credit card. But it’s still something you should know. Better be informed rather than being surprised by any charges that pop up on your statement sometime later, right?

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0 apr credit cards targeted at prime borrowers

If your credit score is in the region of 720 or more. I think you would have been flooded with offers and pre-approvals to take 0 apr credit cards from some credit card company or the other. Most of these offers boast the fact that they have 0% annual percentage rates on new purchases and balance transfers and they offer this for a period as long as 21 months. These offers for 0 apr credit cards are expected to become increasingly common as delinquency rates drop still further. It has already dropped from 26% it was a year ago and it continues to fall all the time. In an effort to boost it even further, credit card companies are doing everything. Short of giving away the card and paying you to use it. Continue reading

Cash Back Credit Cards

I don’t really think anybody wouldn’t have heard of cash back credit cards. But for those who haven’t, these are promotional credit cards introduced by many banks and financial institutions. These cards offer 3%-5% cash back on purchases you make using these cards. Some cards, instead of giving back spot cash, help you earn points. When these points reach a certain level, you avail either cash or some prize. Continue reading

How to Get Best Credit Card Offers?

People believe finding best among all the credit card offers to prevail in the market is the most difficult thing about choosing credit cards. I am not n exception. Though there are several companies offering great benefits, all cater to different needs. So, if you look from one perspective, it’s not difficult but impossible to find best credit card offers.

Hence, before you start with your exploration journey, I would suggest you identify a particular need or a perspective. This would give you are direction and a common platform to start with. Once you have derived this, it isn’t difficult to get the best offer in your hand. Continue reading

Low Interest Credit Cards are Not Always Good

Low-interest Credit Cards are not always good especially if you don’t know why you are acquiring it. Besides, applying for every low-interest card that comes into your mailbox is probably the worst thing you can do to your credit score. Before we move on to why is it so, let’s understand what actually a low-interest card is.

Low-Interest Credit Card

It is a credit card with a lower interest rate or APR (Annual Percentage Rate) than other cards in the market. These rates usually range from 6% to 15%, depending on how creditworthy you are. Currently, there are three types of rates applicable to a credit card. Continue reading

How They Set Credit Limits on Credit Cards? And How to Increase it?

We all use dozens of credit cards, most of them have different credit limits, but we aren’t aware of how these credit limits on credit cards are set, are we? Let’s discuss how this thing works.

It’s been more than 5 years I have left my previous employment, which was a credit card company. However, I can still recall how they set credit limits for different people. There are two main factors that influence the credit limits on credit cards for an individual. These two factors are annual income and credit score. Approval of a credit card also depends mainly on these two factors. Continue reading

A Casual Letter to Credit Provider

Respected Credit Provider,

You would agree with me if I say things aren’t as smooth as they were before the financial crisis. Sometimes, however, I wonder about how you choose to lend money to some and reject others. Previously, I was a strong supporter of borrowing money and using it to prevent temporary financial problems. While I haven’t altered my opinions about borrowed money, I have started reconsidering whether the credit provider, which means you, deserve the support and respect offered by us, people in the US. Continue reading

How Will The New Credit Card Law Affect You?

If you are a credit card user, there is definitely some good news for you, at least that’s what it seems with the implementation of the new credit card law. Providers, now, have to legally issue a warning in advance if they intend to hike your interest rate. Which was certainly not the case previously.

Every bill they issue must possess information on how many months it would take to repay the total amount if they make the minimum payment every month. Wow! What a relief for credit card users! It seems to be a beginning or end of the credit card loot era. Continue reading