Be Credit-Card Smart - part 2.
If you always pay your bills in full each month, congratulations. Make sure you’re using cards that pay you cash back or other rewards you prefer.
One new card, the Citi CashReturns MasterCard, pays 5% of all purchases back to you during the first three months. After that, the refund falls to 1%, though there’s no [...]
Be Credit-Card Smart - part 1.
The National Retail Federation expects $475 billion in sales during the holiday period this year and, if you’re like many shoppers, you’ll be using credit cards for a chunk of that spending.
So whatever your relationship with the plastic fantastic — whether you’re carrying hefty debt balances or are an occasional borrower or always pay your [...]
Win the Balance Transfer Game
For folks who have a balance on their credit card, there are few deals more tantalizing than 0% interest on balance transfers. Why? Because for a period of time, typically six to 12 months, the credit card company is lending you its money for free. That can mean big savings on interest charges for those [...]
The J.D. Power study divides credit card users into two categories
Transactors: These are people who usually pay off their balance each month. These folks tend to be more satisfied with their credit cards than are card holders who carry a balance.
Because transactors don’t have to worry about interest rates, they tend to look for cards that provide the best rewards, Taylor says. That makes sense: [...]
Transfer Balances To Bring Down Interest Rates
One excellent means of doing this is to search out credit cards that offer low interest rates for balance transfers. Usually these are introductory rates, good for a limited period of time. Be aware of what rate you’ll be paying after the introductory period expires, and if it is high, you might want to transfer [...]