Cash Back Card information Blog

Cut to the days of Pyramid when there were no credit cards, you will find yourself in utter problem simply because you took birth in the age of credit cards. So, if you don’t have the credit cards and their benefits, probably you can’t live a happy life. They have got so many benefits to offer you. Earlier, there were cards which used to offer only credits to you. But, now if you spend through the credit cards, you are getting rewards also. There are 5% cash back credit cards, where you can grab rewards and rebates in your credit cards up to 5%. Let’s have a brief chat over it, then.

5% cash back credit cards give you rewards or rebates either in cash or as rewards up to 5% depending on your credit record and car payments. This percentage will come on all purchases charged to your 5% cash back credit cards. The 5% cash back credit cards offer that if you spend a certain amount in your credit cards, you will get this much of reward as cash back. 5% cash back offer says that if you spend a lump sump of money in your purchases through your credit cards, you will get back 5% of your total purchase money as cash back.

Also, there are companies which offer you to have 5% rebate in certain purchases from certain stores. This thing they apply in case if you are going to those particular stores with whom the issuers of your 5% cash back credit cards are tied up. There are yet some companies offering 5% cash back, who literally mail you the 5% cash back in checks.

5% cash back credit cards offer these 5% cash back offers to encourage your purchase. So, there are companies who offer these 5% cash back offers on the basis of point accumulation. Actually, this is a system of rewarding an amount in relation with a preset point according to a preset minimum spending limit. You can later accumulate all the points you receive from this to make it a good amount to buy something of your choice. This reward scheme in 5% cash back credit cards says that you can get 5% of your cash back through these reward points.

But, if you go online to have the benefits of 5% cash back credit cards, it will be the best since online makes the process easy. Everything goes online with a few mouse clicks only. There are hundreds of issuers of 5% cash back credit cards are also flocked there to be readily available to you. So, online makes the choice easy also. However, you can get 5% of your cash back to the pocket. So, can anything be better than this?

To get most out of balance transfer credit card strategies here is something you may want to put into practice today.

When credit card companies issue 0 APR cards and you transfer the balance, that balance (which was previously costing you money in interest charges) is now interest free (for a while). However, all the repayments you are making to your new card only serve to pay off the 0 APR portion of the debt. If you actually use the new card for purchases or to get cash that will attract interest, and that portion is not paid off by your monthly installments. This is a sneaky way for the banks to make more money by only letting you reduce the 0 interest debt, not the 15% interest debt or whatever it is – you’ll find this in the small print.

There are two ways to avoid this issue. The first is not to make any goods purchases or draw cash at all with the card after you’ve made the balance transfer. You must treat this card solely as a card for handling your transferred balance – you should literally not use it for anything else. This may be difficult though, because it means you can’t actually use the card when you want to and as you have been used to!

An alternative approach would be to use two cards. One would be the card with the 0 APR transfer rate and the other would be another card with a 0 APR or low APR, or even a rewards program. It would work like this:

1. First choose your zero-percent card and make sure that there are no hidden charges or annual fees.

2. Transfer your old balance to this new card and try to pay as much of this balance off per month as you can. Remember this balance now attracts no interest for the number of months stated by the issuer of this particular card – but it still has to be paid off! If you can’t pay off the entire balance, you can always transfer the balance again to another card when the time comes (at the end of the 0 APR period), so remember to transfer your balance as that time approaches.

3. Find a second credit card that you can use in the normal way for purchases, etc. You might even want a card with a cashback rewards system of some sort. You certainly want a card with a low APR rate or even a 0 APR rate on purchases as well as cash.

By doing this you’ve established a good debt management program for yourself. You’ve taken a big sum of money, moved it to a 0 APR card, and set up a repayment plan. You also have a second card which means you’ll be able to carry on as normal. Do bear in mind, though, that you do need to stick to the repayment plan you’ve decided is best for you.

Looking for a credit card with excellent reward program, and reasonable terms? The Chase Platinum Visa Credit Card has all the features to bowl you over. However, to get the maximum out of your Chase Platinum Visa Credit Card there are certain things to be kept in mind. Let us look at a few of them.

The Chase Platinum Visa Credit Card issued by J.P Morgan Chase has no annual fee and provides a good number of platinum card holder benefits. The card comes with a 0% intro APR for up to 12 months. The thing to be kept in mind regarding this APR is that the introductory rate period will largely depend on your review of application and credit history by chase. Depending on this assessment the introductory period can be either 12 months for purchases and balance transfers or 3 months for balance transfers only. In addition to this to get full benefit of 0% intro APR it is vital that terms and conditions listed with the Chase Platinum Visa Credit Card be followed carefully. These terms can greatly vary how your introductory rate is applied to existing balances. If you are good on your repayments and pay your balances in full before the due date the Chase Platinum Visa Credit Card doesn’t charge you any interest.

The platinum benefits that come with Chase Platinum Visa Credit Card allow participation in chase fleixble rewards program. In this program cardholders can earn 1 point per eligible dollar spent. These points can be redeemed for gift cards, travel discounts, merchandise or cashback. The thing to watchout about the Chase Platinum Visa Credit Card reward program is that the reward points are not earned on fees for products that protect or insure the balances of the card member’s account. If you use a travel agency service, you have to pay a ‘mileage redemption’ fee of $14.95.

The reward program of Chase Platinum Visa Credit Card has many fare and space related restrictions. The flights must be booked 21 days in advance and there are tabs on saturday night stays. The Chase Platinum Visa Credit Card doesn’t allow the reward programs to be transferred to another frequent flyer programs and there are prefferecd choice of carriers like Continental, Northwest, U.S. Airways, American, Delta, United, and other airways.

If accepted for the Chase Platinum Visa Credit Card, a detailed copy of terms and conditions will be mailed to you. It is in the best interest of credit card holder to read it carefully before using the credit card. Once used, the credit card company assumes acceptance of all such terms and the cardholder becomes legally bound with the terms and conditions. The above facts and terms listed in this article can change anytime without any notice. The latest details about Chase Platinum Visa Credit Card can be had from chase website and reader is encouraged to go through the details to get more insight about this great credit card.

Credit Cards – Can You Really Live Without Them?

In 2007, having a credit card is no longer a luxury or even a convenience – it’s a necessity. You can’t rent a car, check into a motel, or order online without a credit card. If you want a cell phone, you’ll probably have to purchase prepaid minutes – at a premium – unless you have some plastic with your name on it. And without a credit card, you either have to carry around a lot of cash, make frequent trips to the bank, or hope that the stores you patronize will accept your personal checks.

Credit Cards Can Be Lifesavers in the Case of an Emergency

Worst of all, people who lack sufficient access to credit are the most likely to use payday loan services. Later in this series we will explore this subject in depth, but for now, just consider this: If a single mother is hit with a sudden, unexpected expense – say a car repair for $600 – what can she do if she doesn’t have the money? She needs the car to get to work, and she doesn’t know anyone who can afford to lend her the money out of friendship. So she decides to use the local payday loan shop and ends up paying a 530 percent APR (annual percentage rate) interest. If, instead, she had a credit card with at least $600 of available credit, she wouldn’t have had to use the payday charlatans, and would have paid a much, much lower interest rate. Many people who use payday loan services, even once, fall into an inescapable spiral of debt, where they work all week to pay back their payday loans, and then have to take out new payday loans to meet their weekly expenses. People who use their credit cards responsibly never fall victim to this scenario.

Credit Cards Can Help With Budgeting

Credit cards help spendthrifts easily track their expenditures. One simple technique is to use one credit card to automatically pay your recurring monthly expenses (phone, cable, utilities, etc.), another to buy your groceries and gas, and a third for all other expenses (entertainment, eating out, etc.). When you get your bills each month you can compare how much you spent on your wants versus your needs and make adjustments as necessary.

Protections Offered by Credit Cards

Although the media likes to focus on the “epidemic” of identity theft, the truth is that using a credit card is much safer than using cash, a check, or virtually any other means of exchange. If you’re carrying cash and your wallet is stolen, you’ll never see a dime of your money. If a merchant cashes your check and refuses to grant you a refund, chances are, you’re out of luck. But in either scenario, using a credit card would have offered you protection.

If, for example, your wallet full of credit cards is stolen, you will not be liable for any more than $50 of fraudulent charges, per card. This is the legal limit, but in reality, most card issuers don’t even hold you liable for the first $50 – they just stick the merchants with the bill. And if a merchant refuses to give you a refund that you deserve, you can file a “chargeback,” in which the credit card company will side with you 99 percent of the time. Paying in cash or with a check offers no such protections.

Your Credit Card – Don’t Leave Home Without It

Credit cards are ideal for traveling abroad because they automatically convert to the local currency. This means you won’t have to waste time with the money changer or carry around several foreign currencies, and of course, not carrying cash makes you much less susceptible to pick-pocketing.

This concludes the two-part introductory series to the course. In the weeks to come, we will examine the consequences of bad credit and how to repair it; learn about credit agencies and credit reports; examine the various types of credit cards and credit card alternatives, and we’ll take a deeper look at some other consumer finance topics. The main thing to understand is that credit cards can be wonderful tools that greatly enhance our lives. All that we need to do is be informed, active, and responsible users of these powerful little pieces of plastic.

Stay safe.

Sincerely,

James

http://www.CC-Yes.com

Credit cards have greatly enhanced middle class America’s access to credit over the past 20 years, increasing the standard of living for millions of families. And yet, credit card usage is often demonized in the popular press. While irresponsible use of credit has led to the financial ruin of many lives, the fact is that it is virtually impossible to function in modern society without at least one credit card, and when used responsibly, credit cards can have a tremendously positive impact on our lives. This is why a solid understanding of credit card basics is so important.

What is a Credit Card?

A credit card is a revolving credit account for which a plastic card is issued. The reason the account is considered to be “revolving” is that your credit limit rolls over from month to month. For example, when you are accepted for a credit card, you are given an initial credit limit – $500, for example. If after using the card for one month you had charged $200 worth of purchases on it, you would be sent a bill for $200 and your “available credit” would be $300. You could choose to pay the full $200, or pay less than the full amount. If you elected to pay less than the full amount, then interest would be charged on your outstanding balance.

Finance Charges

Say for example you paid $50 of your $200 outstanding balance. Once your payment was received, your new available credit limit would be $350, less finance charges. The “finance charges” would be based on the annual interest rate of your unpaid balance. If your annual interest rate were 19 percent, for example, then the monthly equivalent of a 19 percent annual rate would be applied to the outstanding balance. In this case, your outstanding balance was $150, 19 percent of which is $28.50. This doesn’t mean you have a finance charge of $28.50 – that would be if 19 percent monthly interest were charged. To find the monthly equivalent of 19 percent annual interest, divide by 12, which gives the result of $2.38.

It’s important to note that you can avoid finance charges altogether if you pay your balance each month, in full. This is the equivalent of giving yourself an interest free loan every month. For example, if you charged $250 on the 28th, and you didn’t receive your next bill until the 15th of the following month, no interest would be applied. In this case, the due date of your next bill might not be for another 10 to 20 days, allowing you to use your credit card company’s money, interest free.

What to Consider When Applying for a Credit Card

First and foremost, you should consider the annual fee. If you plan to pay off your balance in full each month, then the interest rate is less important, but the annual fee is charged no matter what. Many credit cards have no annual fees, however, most “starter cards” (for people with little or no credit) have annual fees ranging from $19 to more than $50.

Secondarily, you should consider the interest rate. Many cards offer low introductory rates that become much higher after three months to a year. Again, this is of little relevance if you plan to pay off your balance each month, however, you may find it necessary to carry a balance from time to time. If you can qualify for a low rate, then carrying a balance can actually be a smart financial decision.

Third, you should make sure you’re fully aware of the various fees and charges associated with the card. For example, what is the charge for exceeding your credit limit? What fees are applied to your account if your payment is late or missed? Nobody ever plans on incurring these charges, but things happen.

Credit card ownership can open up many doors, but many people have seen their lives ruined by making poor credit choices. In order to be an intelligent consumer, you must be an informed consumer. Stay tuned for more information on responsible credit usage, as this series of articles will navigate you through the basics of credit card ownership and into advanced strategies for getting the most out of your credit.

Stay safe.

Sincerely,

James

http://www.CC-YES.com

Being a football fan is all about showing moral support, shouting at the telly, showing pride and wearing your teams colour.  Now fans are offered the chance to go on to the next level and not just support their club with pride but also help their much-loved football club financiall (without costing a penny) and build loyalty between you the fan and the football club.

This new incentive is the official football club credit card.  Many professional footballers, along with thousands of fans around the UK already own their own super cool football credit card and you can too – absolutely free!!  When you first apply for your football credit card, the credit card issuer, (most cards issued by MBNA Europe Bank Limited), makes an initial contribution to the football club for each account opened and used for the first time.  After that, every time you use your football club credit card to make a card purchase the football club recieves more valuable contribution based on the amount you spend.  Your club will continue to recieve financial contributions from the card issuer based on how often you use your football club credit card.  As you can imagine, this means a lot to the football clubs, and it won’t cost you a penny extra. These valuable contributions will go towards the football clubs Youth Development Academies, Schemes and Programmes.  This will help bring in young talented home grown players through the clubs youth teams into professional level.  You are in effect, helping to build the long term future of your favourite football club.

You can apply online and there is a wide range of football credit card from top UK football clubs. The Official Football Credit Cards are themed with each team’s colours and logo, there is now a football credit card available for almost every single Premiership Team, with more being introduced all the time.

All of these football credit cards feature introductory interest FREE offers on balance transfers and purchases and have APRs that rival those available on standard credit cards, making supporting your team in this way even more beneficial.  One of the major bonuses associated with football credit cards is the fantastic reward schemes that many football clubs offer their credit card holders as a means of thanking their fans for their support. The reward schemes available vary greatly between teams with some offering the opportunity to earn reward points each time you spend, while others offer discounts or cashback on season ticket purchases, interest bonuses based on your teams performance or run special ‘money can’t buy’ prize drawers for their card holders.

Take your support to the next level with the your football clubs credit card.  Apply now, don’t miss out.

Credit cards are wonderful financial transaction tools. But many people think them as an additional income source that they can use to spend beyond their means. They eventually get into deep financial troubles or waste their money on excessive interest payments. If you know how to effectively use credit cards, you can save money and organize your finances easily by using your credit cards.

First, you must remember that if you are not able to pay your credit card charges 100% when it is due, you are simply wasting your money and moving towards financial ruins. So, every time you take that credit card to make a purchase, ask yourself this question, “Am I able to make the full payment when the bill arrives?” If your answer is a “no”, don’t make the purchase.

Are you using your credit cards to withdraw money from ATMs? If you are not able to see your financial doom, get ready for it because it is definitely coming. Banks issuing credit cards charge a steep 3% to 5% cash withdrawal fee and a 20% or more interest rates from the day you take cash out using your credit cards. You have to pay these charges even if you pay your balances in full when it is due.

Are you sharing your cards with your room mate or boy friend? Don’t do it because you don’t have any control over their spending. You are responsible for all the charges they make. Even if they promise to pay you back, there is no guarantee that they will or are able to do so.

If you are a responsible credit card user who pays all of the charges 100% when it is due, you can use credit cards for all your purchases. There are numerous benefits of using a credit card your purchases.

Some banks extend the product warranty when you buy the product using the bank issued credit card. You don’t have to buy any additional warranty which manufacturers or retailers sell for a premium.

You may get extended life insurance coverage when you buy an airline ticket using your credit card.  You may also get your expenses like hotel, clothes, toiletry, etc. reimbursed in case of lost luggage and flight delays

If you have a dispute with a merchant and are unable to resolve it to your satisfaction, you can call the credit card issuing bank help you resolve the problem. You can even dispute the charge if you believe that the merchant is a scammer.

Some credit cards will give you 2% to 5% cash back bonus on all your charges. If you are spending $2000 on groceries, utility bills, gas, etc, it can amount to $40 to $100 a month straight into your pocket without doing anything.

If you loose your wallet with cash in it, there is no way to recover your loss. If you lose your credit cards, you can call the issuing banks and get replacement cards without any financial risks.

If you have a few cards, you can use each one for a specific category of purchases. For example, you can use one card for all your grocery purchases, another card for your gas expenses, and yet another card for your lunch spending. At the end of the month, it will be easy for you to see how much you are spending on each category.

In case of emergency while away from your home town, credit cards provide indispensable and immediate help. You don’t need to call your friends and family to wire you money you need to meet unexpected expenses like hospital bills, car breakdowns, etc.

If you are a responsible credit card user, there is nothing wrong using your credit cards for all your purchases. In fact, you will reap benefits by using credit cards for all your purchases.

Any business, no matter how large or small, requires funding. Once the capital to launch the business has been secured, the new business owner then faces the need for regular turnover in order for the business to perpetuate itself. While this may seem obvious, it can be a tougher task than originally anticipated, especially in the early days when the business may have little or no initial reputation. The new business owner can then be put in the position of having to pay wages or order business items, but not having the access to business capital to be able to do so. Some entrepreneurs take it upon themselves to fund the beginnings of their businesses using their personal credit cards. Whilst this may seem like a perfectly logical solution, it can cause more problems than it solves. Sorting paperwork for the tax period can become a nightmare and result in difficulties for both the business owner and the business itself.

A far better method is to apply for a business credit card, which is designed specifically for business funding. A business credit card keeps the accounts of the owner and the company separate, making life much easier when it comes to business management. Most business credit cards offer an online facility enabling you to keep track of business transactions, as well as reducing the paperwork involved at the same time. A business credit card also offers legal protection against unsatisfactory goods and services, ensuring that the company does not have to spend, where the spending is unwarranted.

Business credit cards also offer an effective way to manage a company’s cash flow. People can be paid and items can be bought without the money immediately leaving the business’s cash account. This is especially useful during times of restricted cash flow or when waiting for a customer payment to clear. Of course, the credit borrowed will have to be repaid, but careful management will allow repayments to be met monthly, and for the business to function normally.

In addition to the benefits of credit, small business credit cards come with a list of incentives and advantages that are designed specifically with the small business owner in mind. This can take the form of things such as 0% APR for a fixed period and also involve deals that can save the business money through discounts and incentives. Perks such as petrol discounts and Airmiles are very common these days, but the wise business owner can shop around to take advantage of deals that are pertinent to his or her company. These may take the form of cashback on certain products and services or even discount on hotel accommodation. If there are recurrent payments to be made, these deals can be taken advantage of and factored in to the decision of which business credit card to choose.

Finding the right business credit card need not be as difficult as it first appears. Yes, there are a plethora of business credit cards out there and, yes, each comes with its own set of advantages. However, if the owner has a good understanding of exactly what the business needs in terms of credit and perks, then the rest is just a process of elimination. Aside from old-fashioned research, there are other tools available to help the business owner select the card that best suits their business needs. Internet comparison sites are invaluable resources that condense the main ingredients of each card and display them in an easy-to-read comparison format.

A business credit card may not be a card that takes care of itself, but then neither is a business; both require attention and care. However, both can offer valuable returns and, if handled wisely, offer the opportunity for expansion and development.

For many small businesses, cash flow is all; suppliers have to be paid, items have to be bought and sometimes you just can’t wait for a customer to settle their invoice. At times like these, a business credit card can be the most effective way to manage your cash flow and run your business as usual.

A business credit card allows you the capacity to pay the people whose services you use, without it immediately leaving the company’s cash account. This is especially useful if you’re waiting for customer payments to clear, or the cash simply isn’t there. Using this facility, you can pay for items, supplies and services using the credit available to you through your business credit card.

But how much credit can you access? This rather depends on your credit rating and the type of credit you are applying for. When someone is setting up a business and applying for a business credit card, the card provider needs a yardstick against which to measure your capability to maintain credit. The only reference point they will have at that time is your own personal credit rating. This is a formulated figure based on your spending and credit habits when compared to those of the rest of the population. A positive score will allow you to apply for many types of credit, including a business credit card. Conversely, a negative score can impede and even prevent your application, so it is worth researching your credit score and, if necessary, taking steps to improve it before you apply for a card.

Credit limits come in two forms: a preset limit and one without a preset. Preset limits are good for companies who are only likely to use the card intermittently, not using up the monthly credit available. This way, money is always available in the event that something unexpected suddenly needs to be paid for. Preset cards generally carry an annual fee, but offer less flexibility than those without. Those without do tend to carry an annual fee, but offer more flexibility. The choice as to whether to opt for one or the other must be based on your company’s expected turnover and how the card will be used, and by whom.

As well as being useful tools to avoid a potential cash-flow crisis, the business credit card also offers other advantages; thanks to the fierce competition for custom between the financial institutions, Cards now come with a variety of incentives and perks that are aimed squarely at the owners of small businesses. There are discounts on services and products, cashback deals and even rewards on accommodation or Airmiles. These facilities can all be useful to reduce company expenditure in certain departments, particularly if these are areas of recurring expense. For example, companies whose staff use hotels a lot can benefit from accommodation deals, whilst product discounts might be useful to another.

There is also the obvious advantage for good bookkeeping practice; statements and online billing means that the paperwork involved in card transactions is significantly reduced. In addition, it also keeps the company spending separate from the business owner’s spending which can be invaluable during the tax period. A business credit card also offers a certain amount of protection against the receipt of unsatisfactory goods and services, as well as offering protection against credit card theft and fraud. It is often worth contacting your potential card provider to discuss their policies in such matters and to discover the other fringe benefits that are often left buried in the small print, as the focus tends to be on the many money-saving perks that accompany these dynamic pieces of plastic.

Narrowing down what you need the credit card for, will help you to determine the best card for your lifestyle.

First of all,

Are you going to school? Are you a college student?

College students will do best with a college student card. Contact your original bank where you have established your student account. Any other bank may not be as willing to accept your application and to issue you their card.

Will you be transfering a balance to you new card?

If so, look for a credit card with a low APR (Annual Percentage Rate) on balance transfers. It is best to shop around for a credit card whose APR stays low for as many months as possible, unless it’s your intention to switch again in a few months.

Is it your wish to make new purchases with your new credit card?

If this is your intention, pay closer attention to the annual percentage rate [APR] that applies to your purchases. In most cases, this APR is different to the APR for balance transfers.

Another area to be aware of is whether the card you are choosing has an interest free grace period. You don’t want to start paying interest on your purchases right away when you can get credit cards that offer interest free grace periods all the way up to 55 days.

Are you able to pay your credit card balance in full every month?

If your card is only kept for emergency purposes and you don’t use it for anything else, you may be able to pay it in full everytime your statement arrives.

If that’s the case, you’re probably in the position where you don’t need to worry too much about the interest rates on your card. (Be sure to look for a card that gives you a comfortable grace period though).

Many people are not aware that the Credit Card companies still make revenue even when you don’t pay any interest. Card companies will offer rewards or a little piece of the “pie” back to you for allowing them to make that money, even though you are paying the entire monthly amount back.

Most offer one of three choices:

Rebates – a percentage of your money sent back to you. If you are a big spender with your credit card, you can see this rebate amount add up to a nice sum of money quite quickly.

Get cashback. For always paying everything off, they’re quite willing to throw a few dollars your way. Once again, if you are a big spender, this can add up to a tidy sum.

You can gain points for dollars spent, that can be redeemed for airfare, hotels, appliances, or other items.

You can opt to use a credit card that allows you to put a percentage of every one of your transactions towards a charity or cause you support. Over time, even a small percentage can add up to a very worthy donation for that charity or cause.

Finally, review as many cards as you can, and take the time to do it thoroughly

You don’t have to feel pressured by the credit card company phone calls that invade your home and telephone. The best way to find out about the multitude of card options available to you is to go online to the Internet and visit a review, or resource directory. There you will find a very well rounded selection of credit cards to review and choose from.

Stay clear of offers that state they are valid for just a limited time. Those are just sales tactics to force you into hasty decisions.

Calculate your strategy. What do you want to use your credit card for? What are the spending habits you have developed while using prior credit cards? Take all of that into consideration, as well as all the card options available to you… then, when you’re informed, go get your credit card!