Monthly Archives: September 2013

When Choosing A Rebate Card Opt For One That Does Not Have Caps or Loopholes

How to find cash back credit cards that have unlimited rebate potential

With so many options for credit cards these days it can become confusing with the best deal available. We all have experienced the fluctuation of the economy so saving a small percentage or having the best rebate program is important. Navigating through the many options can be frustrating and confusing, but with the proper tools it is possible to find the best choice for your needs. Credit card companies are all competing for your business and this can be used to your advantage.

Research is crucial when attempting to find the best deal on anything. An uninformed consumer enters the negotiation to lose. Understand the terms of cash back credit cards is important so you can make a proper evaluation of the offer. Unlimited rebate potential will provide you with no monetary caps on the cash back credit card. A few examples of credit cards that have limits on their cash back cards is requiring a $500 balance before any rebates are earned.

Some other important factors when choosing a cash back rebate credit card is the percentage of interest paid and the cards annual fee for usage. Reading the fine print on every credit available is crucial to making the best choice. Hidden fees or caps will only be listed in the fine print so paying close attention is crucial. An example of the wording to look for is, “cash rebate exceptions, fees for cash rebates, or rebates only on a percentage of purchases.”

When choosing rebate cards, it is very important to do your research up-front and read through all of the fine print and disclosures, if you have a question or doubts, consider calling the company direct or doing additional information before you apply. If there is anything that seems unclear the representative will clarify it and also ask if they can offer a lower percentage of interest for selecting their card. Most credit card companies will offer specials for customers who call in and speak with a representative directly. They need your business and will offer specials if you ask. If you ask once and do not get a special offer call back again or ask to speak with a manager to facilitate your business. Credit card companies are large but they are in business to serve customers so do not be afraid to ask.

Review the specifics of each company rebate program. Some new additions include different percentages per dollar of use for a specific type of charge. Some examples of this includes a two percent rebate on gas, a three percent rebate on food, or a one percent rebate on all charges. Most households spend a large percentage on gas purchases so the additional percentage will help accumulate the cash back bonuses. If you do not drive or have a car, then this is not such an important bonus. Evaluating your individual needs is crucial to the best personal choices.

Choosing the right credit card company will require some phone calls and research but as long as it will save and protect your money. Remember to carefully read the specifics of any credit card and ask questions if anything is unclear.

How saving money from a zero percent balance transfer by reviewing fees closely

Save money with a zero percent balance transfer by reviewing fees first

A zero percent balance transfer can be a great way to save money, but only if you do your research before moving you balance. Many people hastily move balances around from credit card to credit card under the simple belief that zero percent balances have to be the best cards, but failure to read the terms and conditions of these cards can end up getting you in more trouble then you started with. The following few paragraphs will discuss how to look at all associated fees and conditions carefully so that when you move your balance it will be the right decision.

The very first thing you need to look at when you start to look at zero percent balance transfer cards is how long your balance will actually stay at zero percent. Ideally you want a card that offers you six to 12 months of zero free balances so that you have time pay off the balance. Some cards only offer three months and then the APR jumps up to a ridiculous rate that can be as high as twice as much as you are paying right now. Obviously, this is not going to be the best deal for you because you will likely end up owning more in interest then you got away with paying for the three months.

This brings up the next point; which is the APR of any zero balance transfer credit card once the grace period of zero percent interest has ended. Even if you get a card that offers you 12 months an ending APR that is 24% or more is going to end up killing your finances if you cannot afford to pay off your entire balance in this timeframe. Therefore, you need to pay close attention to the APR and consider what you can reasonably afford to pay off on the card. The amount of the balance is a large factor, because small balances are not going to add up quickly, but a large balance will catch up with you sooner than you think.

Finally, you need to look at what fees are associated with a missed payment on the zero percent transfer card. Some credit card companies will immediately jump to a high APR of 25% or more with just one missed payment, and the days of zero interest will be gone. Thus, it is very important to make sure that you know what late fees and penalties are assessed in this situation and make sure that you are capable of never incurring them. By checking out the penalties, eventual APR, transfer fees, and other fees well in advance of your transfer you can make sure that you are really saving money when you move money onto a zero percent balance transfer card