Monthly Archives: January 2013

Take Advantage Of Your Purchase To Ease The Winter Burder With A Complimentary Vacation in 2013

According to Experian’s National Score Index, the average number of credit cards per consumer is four with one in ten consumers holding more than 10 credit cards. This demonstrates that credit cards are still favorites for many households and today, consumers are enjoying from rewards schemes set by card issuers and their partners. Travel rewards cards are intended for those people who fly frequently.

The value of a travel or airline credit cards largely depends on how you plan to use the card. There are many different travel and airline rewards cards in the market and you need to choose one that serves you optimally. Your attention may be grabbed by the reward rates you are entitled but you need to check on other things like ARP and annual fees. You also need to estimate the value of the card based on points per dollar.

You also need to take a card, which is tied to the airline or hotel, which you are most attached to otherwise, if you use services and facilities not featured in the reward scheme; you may not benefit from rewards points. There are also hotels and travel cards, which are general, but they offer lower rates on their point rewards. Travel rewards cards may feature in different forms. There are statement credits and these are quite flexible because you can redeem your points for things like hotel rooms, gas or in-flight meals.

Some of these cards are such as the Discover Miles and Capital One Venture rewards. There are also cards that allow points transfer to airline or hotel loyalty programs. These cards have a list of partners and they will offer discounts if you book your hotel or flight through the card issuers website. The other type of travel and hotel cards are loyalty rewards cards. These are designed for particular airline or hotel.

For example, the Starwood credit card is one favorite card that offers a reward rate of up to 5%. When choosing travel and hotel rewards cards, you need to check on foreign transaction fees and EMV chip compatibility. Besides the value allocated to points of a travel card, you also need to find out how much foreign transaction fees you have to pay. Some cards will charge you up to 3% when you use them overseas but there are others that wave out this fee.

International credit cards may help international travelers because they often do not attract the foreign transaction fees. If you are travelling frequently in oversees countries, you need to look for a card that does not charge international transaction fees. F/X fees can amount to tens if not hundreds of dollars.

In addition, if you are travel overseas frequently, you need to check that the cards offer you the chance to you get an EMV chips embedded for verification purposes. Some countries may not have the infrastructure, which is used to authenticate American cards like use of magnetic strips, PINS and signatures. This means that it is common for travelers to try to use the cards in overseas countries with no such infrastructure only to find that they cannot access their funds in restaurants or stores. A number of card issuers offer the EMV compatible cards and they include Chase Bank, Wells Fargo, and US Bank.

Prepaid Debit Cards – The Benefits and Interesting Facts

There has been an increased growth in the use of general purpose reloadable prepaid cards and this has been attributed to by the fact that these cards can be used to make purchases conveniently. They can also be used to withdraw money from ATMs and also the card holders can pay their bills using these cards. You can buy the cards online or from a store. With these cards, you can add cash whenever you want and use that money in buying from retail stores or withdraw it from automated teller machines.

The prepaid debit cards serve as bank debit cards but without a checking account. You do not need to have a checking account with a bank in order to enjoy the services offered by these cards though some prepaid cards today offer online bill pay and also savings accounts. In 2009, American consumers loaded closed to $28.6 billion on to their prepaid cards and this is according to Mercator Advisory Group.

This is pretty a large amount of money and signifies the scale of use of these cards, which otherwise have been criticized by many consumer groups for holding hidden fees for their customers. It is even expected that the consumers using prepaid cards will load an estimated $200 by the end of 2014. This shows that the use of these cards will continue to rise.

From a research conducted by Pew Charitable Trusts, it has revealed interesting aspects about the use of prepaid debit cards. The Pew researchers has revealed that prepaid cards have many service fees imposed and they range from somewhere between 7 to 15 different fees. The most common of these fees are monthly maintenance fees, card acquisition or activation fee, ATM withdrawal and customer service calls.

Though these fees seem small amounts, they can add up to huge sums of money in the long run. According to the Pew research, most consumers use prepaid cards as a way of keeping their spending minimal. The fact that many of these cards do not offer overdraft services means that consumers only have to spend what is in their card.

Besides keeping the spending within the card holders’ means, it also averts them from incurring overdraft fees. In addition, prepaid cards can also cost less than checking accounts though they come with some risks. The issuance of the cards is not covered by the laws that require disclosure of terms and fees.

They are also not covered by the laws that limit consumer liability for unauthorized electronic money transfers and this puts the card holders into money risks. However, despite these risks posed by the cards, they can be essential financial tools for a particular group of people. They can be a good option for those people who do not want a bank account or are limited by some other aspect to get a bank account.

The cards are also useful for parents who would like give their kids money without giving hard cash or accessing their bank accounts. If you take overdraft facilities frequently, you are also in a better position to gain positively by using these cards since they will make you manage your spending. They will also avert you the small but recurring fees that you have to pay every time you take an overdraft. However, if you do not pay overdraft fees then your checking account could still be much better than a prepaid card.

Discover It Receives Early Praise For Best New Rewards Cash Back Credit Cards In 2013

Early feedback from thousands of consumers are giving rave reviews for the Discover It ™ credit card. A new card that rolled out last December and one that is drawing a ton of search interest and feedback from consumers looking for the best new credit card for 2014 that offers rewards and cash back. For decades, the Discover Credit Cards have been a popular choice for borrowers looking to earn one percent cash back without strings. Often regarded as the card of choice for college students, working adults, business owners and travelers have all found the same thing, that Discovers great customer service and unique card features make the Discover card a great choice for all occassions.


Consumers Looking For New Rewards Credit Cards in 2014, Love Discovers New Perks

The credit card game is about to change, at least that is a major focus for Discover as they roll out the new It ™ card this year and have begun to agressively market this. What makes the card so unique is the innovation and customer friendly terms associated with the credit card.

Check out these features of the card
•The new Discover it card is out to change the way people think about credit cards.
•Fair…No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won’t increase your APR for paying late.*
•Generous…5% cash back at restaurants and movies right now through March on up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases.*
•Plus a Cashback ConciergeSM who guides a free, personalized online tour to help you get the most rewards for how you use your card.
•Flexible…Choose your own due date and pay up to midnight ET online or by phone.
•Human…talk to a real person any time with 100% U.S.-based service.
•Safe…Because youll never pay for unauthorized purchases with our $0 Fraud Liability Guarantee.
•0% Intro APR on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% – 20.99%. *Click apply for Terms & Conditions.

Consumers who are searching for more information can visit the Discover Card Website here for further terms and conditions or to apply directly online. The New Year is great for consumers as credit card providers continue to innovate and focus on offering rewards, rebates, cash back and promotions that change the market, the editorial staff from Best Credit Cards 2014 will bring the news to the forefront. Helping you make informed financial decisions is our goal and we have an open forum policy for discussion and recommendations from card issuers and consumers alike. We hope you can leverage the card offers and rewards programs to help fund your dream vacation, earn some stocking stuffer gifts or utilize the cash back to pay off some bills.

The Discover IT ™ offers consumers looking for a balance transfer up to 18 months of zero interest, the potential to save hundreds or even thousands of dollars in 2014 is right around the corner. With zero interest until midway through next year you can certainly use the interest savings to help pay down higher interest debts and improve your financial picture this year. Another unique feature of the Discover It card is that there are multiple variations and acceptance levels, the IT card is available for Students, Consumers and Small Business owners.