Monthly Archives: November 2013

How to Utilize Rewards Cards For Shopping Online During Cyber Monday

Cyber Monday comes with many discounted products signifying the season for shopping. Gifts are a priority during holiday season and according to a survey by Capital One, about 59 percent of budgets during holidays consider gifts and 20 percent budget for meals. This shows that gifts are important considerations in holiday than even meals. This also affects the way the cash in those cards is utilized.

And, as the vice president of reward programs at Capital One, Amy Lenander says, customers only remember to use the rewards gathered on the cards they use most while other cards, which are not used frequently, may lie with unredeemed points. It is time to dig up and find the forgotten points so that you can use them during the holiday season. Not redeeming rewards is one common mistake consumers make especially when there are great discounts offered on products.

Consumers may need to register for revolving categories and particularly reward cards, which offer 5 percent discounts. These cards are ideal for holiday because it is the time you spend much, and the right time you should optimize the use of your credit card. From Cyber Monday through New Year, there are cards offering 5 percent on revolving categories. Discover Cash back offers a 5 percent bonus for online shopping on items such as electronics, apparel, gifts, and toys.

With much money going to buying of gift cards, it is important to check for discounted gift cards in order to get more spending power. Capital one and American Express are offering special holiday deals at 20 percent and 10 percent off on selected gift cards that are purchased through their rewards portal sites. Consumers can maximize returns on their gift card purchases by seeking for discounted cards and use them to purchase gifts.

What you do is use the reward points to buy a discounted gift card and save money. Then use that discounted gift card to buy merchandize that is going for off sale discounts too, and this means that you will double-rip the discounts saving substantial amount of money. One easy way you can get extra payoff when shopping during holidays is to shop through rewards portals.

You need to remember to begin your shopping experience at the portal of your reward program. Shopping through your rewards portal provides you with an opportunity to gather more points, which you could use when you are trapped out. It may not save you money but you get an opportunity to collect points fast, which you can use when things go bad. When customers are shopping online and not through the credit card rewards malls, they miss out on incremental earning.

Opportunities are there and it is up to you to optimize your reward cards but if you do not take advantage of them, you are missing out on many things. If you directly purchase products from online retailers without going through the ultimate reward portal, then you are doing a disservice to yourself.

What Retail Stores Are Offering The Best In Store Credit Finance Offers For Holiday Purchases

With the holidays right around the corner, the average consumer is going to finance the vast majority of their purchases. May is the month when this consumer will pay off the last of the holiday bills. On the same token, retailers more than ever are vying for your business. As a result, when you open a store’s credit card, you have the chance to win by saving huge on interest with the best “same as cash” offers this holiday season.

Wal-Mart is currently offering 6-24 month no interest special financing when you spend certain dollar threshold amounts in one transaction. $150.00-$298.99 will buy you 6 months same as cash. $299-428.99 is 12 months while $429-$598.99 will get you 18 months no interest. Any single purchase of $599 or more will earn you 24 months same as cash. As an added bonus if you spend $75.00 or more on your first transaction you will receive a $25.00 statement credit.

The Sears credit card offers either an extra discount or 12 months same as cash in select categories. This offer is good for $499 or more in appliances, $299 or more in fitness, or $1,500 on heating or cooling systems. If you are also a member of Shop Your Way Rewards, Sears’s free loyalty point program, use the credit card to receive an extra 10% in points at: Sears, Kmart, Land’s End, and Sears Outlet stores and online.

Apple will also let you pay off your new iPad Air or MacBook in installments. This credit card gives you 6 months on purchases on $498.99 or less, $499-$1597.99 will give you 12 months. Purchases of $1599 or more will give you 18 months interest free.

Big box electronics store Best Buy is also offered a tiered financing program for the holidays. 6 months is allowable for purchases of $149.00 or more. Any purchase of $429 or more is given 18 months no interest. Both of these offers are storewide. On HDTV or home theater purchases as well as Geek Squad home theater installation purchases of $599 or more will receive 24 months no interest.

There are some great financing offers through retail credit cards this holiday season. All of these offers are based on timely minimum payments due each month. If a payment is not made on time or is skipped, the interest rate will automatically default to the normal interest rate. With most cards, if the balance is not paid in full by the end of the promotional cycle, the interest is retroactive. Retroactive interest is that the credit card company will charge you interest from the first day you made the purchase; this can add up to hundreds of dollars. Pay the balance by the end of the promotional period and enjoy the savings and less stress financing offers can provide.

How to Determine Which Zero Percent Credit Card Offer to Apply For

When debts on your credit cards are attracting high interest rates, you might consider transferring the balance to new card that attracts lower interest rate. This might sound like a simple and enticing thing but consumers need to be careful when choosing a 0 percent balance transfer card. The benefit of using 0 percent transfer comes when you pay back the amount you are owned at the low interest rate within the intro period.

However, if you fail to pay back at the given intro period, you suffer from high interest rates levied after the introductory period. The card you choose should have a longer period of introductory rates. There are cards offering 12, 15, and 18 months of intro rates. The longer the period, the more you are likely to benefit from the deal.

Besides, there is a recent twist on balance transfers where the issuers offer a combined 0 percent transfer with an introductory rate granted on purchases. These hybrid offers can help consumers to enjoy the 0 percent transfers as well as use their cards for purchases. The concept of two-headed credit card balance transfers may be counterproductive especially for consumers who are struggling to get out from high interest rates.

Paying off balance on a card, which is also the mainstream source of spending on inexpensive purchases, can cause troubles. The consumers may be lured to spend more and end up carrying more balances, which they are not able to clear within the introductory period. This could create a cycle of high interest rates thus not achieving the goal of getting out from such hefty rates.

Issuers offer hybrid 0 percent cards to lure customers to spend on the same card. However, if these cards are used properly, they could benefit the consumer in two ways. First, they can enjoy the no-interest rate transfers and at the same time benefit from 0 percent on purchases through the same card. The non-promotional credit card interest rates also need to be examined properly.

Consumer need to look at the interest rates levied after the promotional period. This is important because if your balance is not paid during this period, the rate could be so high. If the card attracts higher interest after the intro period, you better be careful because the plans to pay off your card balance may go awry and you are hit hard by very high interest rates.

It is also hard to determine how your card issuer will apply payment when you are carrying a balance on 0 percent transfer rate and at the same time you are using the card for new purchases. Issuers will mostly apply the total minimum payment to the lowest interest rate debt. This could prolong the repayment time and also the interest charges on the high interest debt.

To avoid dual-interest rates charged on balances, you should refrain from using balance transfers for new purchases. If you critically evaluate the terms of the 0 percent transfer card, you may be able to get one that serves you better and eliminates the balance attracting high interest rate. The aim of getting a zero transfer rate on balance is to get rid of the debt and start enjoying lower credit rates.

Plan Your Holiday Spending With a Zero Percent Card offer Through 2014

How can you still shop for all the people you care about, and not fall into debt that will take over a year to pay off, with high interest rates that overshadow any deals you saved money with? The holiday season is approaching quickly. With all the cheer and family time, it is because of high interest, it also a time when some people rack up some unnecessary credit card debt. This year, you can spread your holiday budget much further by taking advantage of our zero percent interest credit card offer.

A zero percent interest credit card throughout 2014 means that you will pay no interest at all, on your holiday spending if you pay off the balance within the year. This offer is to the advantage of qualified card holders.

If you pay off your 2014 holiday purchases in 2014 you will be a savvy shopper. If it takes you a little longer, the interest rates will increase, however you will still not be charged for the amount you already paid through the year. The interest rates will only increase on the remaining balance.

Qualified shoppers can plan their holiday spending based on this offer and still give as much this year, without falling into the cycle of high interest rates that are hard to catch up on through the year. Everyone knows that love and family time are the main focus during the holidays, but it would be naïve to not recognize a little bit more money is needed in December. Whether the extra spending is on traveling to family, or gifts, or entertaining expenses, it is still extra money out of your pocket. A zero percent card offer can make these expenses a little less of a burden.

With the economy in all time lows, credit card companies are increasing their perks to encourage customers continue to use credit for gift purchases and other holiday expenses. This zero percent credit offer allows the holiday economic boost to still occur during tough times, without hurting the consumers bank account when they try to pay it back through the year.

Wise holiday spending means not going overboard and falling into a credit scheme that has you paying back much more than you spent on the gifts in interest rates. Many times consumers will be making payments on credit purchases from the year before, the next Christmas. This zero percent offer allows consumers to stop the cycle by not charging outlandish interest rates.

Take advantage of this offer while it is available for your holiday spending. If you are going to be making these purchases on credit anyway, you might as well go with the card that offers the most to the consumer in 2014.

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