Monthly Archives: October 2013

Planning a dream vacation in 2014 by using a mileage rewards card

How To Save On Your Dream Vacation

A dream vacation does not have to cost an arm and a leg for a family. All that is required is a little bit of advanced planning and it is possible to be able to have a great vacation that is actually economical.

By using a mileage reward card it is possible to get great flights to amazing destinations for either a lowered price, or even for free. Many companies offer mileage reward cards, but some are better than others. Capital One offers one of the best mileage cards with their Venture One Rewards Credit Card. They offer 1.25 miles per purchases, and they give a bonus of ten thousand miles after using one thousand dollars within the first three months. Once all of the points are accumulated on the card you can redeem the points for airline tickets, hotels, and also for car rentals.

Bank of America also has a great travel rewards card. They offer 1.5 points for every 1 dollar purchase. They also offer 0% APR for the first year and you can use their credit card for all travel including flights, rental cars, and cruises.

Most travel rewards cards work in a similar manner. Once you have used the card for purchases then you have the option of using the points that you earn with the purchases for whatever you would like. Airlines work with the companies to convert your points into mileage.

To find out how many miles you would need, it is important to call the credit card company. For example if you were traveling from the UK to New York about 35,000 miles are needed for an economy flight. You would need to have accumulated at least that many points to be able to get that airline ticket for free. Apart from accumulating the points on your own, there are times when airlines or even the credit card company will offer great deals and you can get extra miles by making certain purchases, making it even easier to get the miles you need to travel.

Taking a vacation is always something that is great, but there is really nothing that could be better than getting a great vacation with a free flight. Quite often people take vacations to beautiful places and the most expensive thing is usually the flight, so if it is possible to get a free flight that would be a huge discount for any dream vacation. In reality using mileage programs to pay for flights is the best thing to do for anyone that travels. All that you are doing is using your mileage card to pay for things you would have bought anyway, but the advantages to using the cards are excellent.

Most people can qualify for a mileage card, so it is really worth it to try to get a good mileage card, because you could be saving yourself thousands of dollars on your next dream vacation.

How Retails Store Cards Can Backfire If You Miss A Payment And Lose The Promo Rate

Shoppers are constantly being offered retail store cards with special promotion rates. While it may seem tempting at the time to open up a store card for an additional 10% off today’s purchase, in the long run it is often not worth it. The cards tend to have some store-specific benefits and perks but otherwise they are generally harmful to one’s credit. This is especially true if you miss even one payment which means a loss of the promotional rate as well as the promotional financing.

To begin with, retail store cards generally have a brief grace period such as “0% interest for 6 months” but once that time is over the interest rates tend to be exorbitantly high. They are generally at least 20% to 20% which is substantially higher than a traditional credit card. This means that if you spend $100 at a store but do not make any payments during the grace period, that balance will become $120 immediately after 6 months. As you can imagine, it will increase exponentially after that.

Another downside of this scenario is that it encourages debt
. This is because a store credit card makes it easy for people to charge high amounts and the issuer will almost always raise the credit limit on a store card even without request. This encourages you to spend more than your means while at the store without thinking about the high interest rates that will eventually lead to you owing substantially more than you spent in the first place. It can quickly turn into a vicious cycle of payments.

Maintaining a good credit rating is vitally important and this particular scenario can detrimentally effect a credit score. Even applying for the card will influence a credit score. However, missing a payment or waiting until the promotional rate has passed can begin to greatly lower even a good credit score. This is because as the charges on the store card get closer to the limit, the balance and use increases which lowers a credit score. It is not worth it to have a retail store card negatively change your credit score.

In addition, credit utilization rates are effected by retail store cards greatly and missing a payment can make this number go up even higher. For ideal credit, one should never carry a balance of more than 20% the store card. This means that if a store card provides a credit limit of $1000, you should never carry a balance of $200 or more. Unfortunately, when it comes to retail store cards most people have higher balances than 20% which makes their credit utilization rate look bad and in turn harms the credit score further.

In conclusion, opening a store card at a retail storefront or online merchant may seem appealing at the time. However, missing even one payment or waiting until the promotional rate is over can have detrimental effects on credit scores, credit utilization rates, and bank accounts. It encourages debt and may lead to long term financial struggles as the interest rates continues to make it difficult to make payments.

What Are The Best Retail Store Credit Card Promotions

When looking for the best retail store credit card promotions, it can become very time consuming especially around the holidays and the various options that can be offered to those that have fair to perfect credit. In some cases, you will find store credit card promotions pertaining to those with bad credit which allow one a second chase at obtaining a good credit history. However, when apply to second case credit cards you may not get the best offers when it comes to rewards, cash back, or low to no annual percentage rates. In order to make your search a lot smoother, it is highly recommended that you utilized the internet to the best of your ability while finding the card that is most suitable for your shopping needs. The question is, where and when is the best place and time to look for these store credit card promotions?

When it comes to searching for the best retail credit card promotions online, it is best to go to a website that enables shoppers to compare the cards’ features and promotion side by side. In most cases, if you enter your favorite online retail store, you will find, when inquiring about a store credit card, you will be able to compare your card to their competitor’s. On the other hand, going to your favorite online retail store may not be the best way to compare your card due to the fact that they may not provide all store credit card promotions.

If you are a fan of major retail store such as Macy’s, Bloomingdale’s, Target, Sears, or TJ Maxx you know that they offer credit card for regular shoppers. However, in order to be approved for the card you must meet their credit requirements. If approved, you will get to enjoy the amazing cash back rewards, discounts, and even low to no annual percentage rates that comes with the card. In this day in age, free shipping is also one of the common offers being handled to worthy customers. However, you must compare the cards in order to obtain one that you will benefit from the most. To put it differently, choose a card that fits your shopping needs.

So when is the best time to start applying for these retail store credit card? The best time to start applying for a store credit card is either at the beginning of the year (during tax season) or after summer/early fall. The reason behind this theory is due to the fact that many people prefer to shopping only during these times of the years. This allows retails to step up their games and veer as many, customers as possible, their way in order to meet their annual quota when due time. If you pay attention, you will notice when, where, and why retailers offer great deals during these certain times of the year.

Learn more about promotions and offers on credit cards in 2014, 2014 and beyond by visiting http://topnewcreditcards.com where we scour the market to bring you the best tips and savings advice to review credit cards online.

Card companies will begin to ramp up offers geared towards 2014

Right now people are in a rush to find a credit card that offers more benefits than the average credit card. The latest credit card news shows that there are big changes occurring with several credit card companies and other financial institutions. This will certainly dramatically affect their status in the financial world and affect customers in general. For example, several high profile banks no longer accept joint credit card account applications. Others have tightened their financial requirements for an account. Consumers are looking for a bank that still allows certain privileges and other options like low interest rates or no interest rates. In this article we explore those deals. Here is a guide to finding top credit card offers for 2014.

Large credit card companies are actively recruiting new credit card members daily. They bait new customers with a number of great offers that seem too good to be true. Well, buyer beware. It is always a good practice to check out all those credit card company offers that encourage you to sign up or switch credit card companies. This fact certainly applies to finding top credit card offers for 2014. Don’t fall for the first attractive offer. Learn to look beneath the fine print. Consumers often fall for those low interest credit card deals. For example, the credit card company offers an unusually low interest rate. Read the fine print. The low interest rate might be for several months. Then the interest fees return to an all time high rate. The consumer loses and the credit card company wins.

The best advice or guide to finding top credit card offers for 2014 is seriously looking at their offers with a microscope. For example, numerous credit card companies ply consumers with no interest credit cards or low interest credit cards. This very attractive low interest or no interest rate is only temporary. After that, there is no inherit advantage to switching to the new credit card company. In fact, it might affect your overall credit card history.

Next, let’s look at credit card companies in general. Consumers know they want the lowest fees. Financial experts suggest comparing and contrasting several credit card companies to find the top credit card offers for 2014. Compare the companies based on the features that they offer the consumer. For example, compare their interest rates, along with popular rewards. Find credit cards that offer the benefits in 2014 that you really want. For example, most consumers also want cash back, travel rewards, gas points. Remember, that there are numerous ways to find this information via the Internet. Increase the odds of finding that top credit card offer for 2014 by following the information in this guide.