Nearly all US credit card holders have a credit card debt. And sometimes this debt becomes a bad headache for credit consumers. All those interest rates, fees, due dates make it really difficult to pay off your outstanding balance in full. Getting a balance transfer card with favorable terms and 0% intro APR rate is a good way to eliminate your debt faster and easier. That is the most widespread financial experts’ advice when it comes to paying off your credit card debt.
But the thing is that all balance transfer cards with good terms are available for customers with good or excellent credit. And what if your credit rating is not high enough to qualify for a balance transfer card? … (more) June 27, 2008

Posted in Balance Transfer, Debt Consolidation 4 Comments »

The Credit Card Fair Fee Act of 2008 has come into legal force, promising financial relief for both retailers and their cards using customers. The new legislation is expected to curb credit card interchange fees or at least make them fairer.What is a credit card interchange, also called transaction, fee, when is it applied and who pays it? While you, as an ordinary credit card holder looking for payment convenience and credit rewards, may not even guess what this fee is designed for, a merchant suffers from the bitter truth.Interchange fee is a fee set by major card processing companies, Visa and MasterCard, and imposed on retailers accepting credit cards as a form of payment.Companies explain the necessity to charge … (more) June 19, 2008

Posted in Rewards 2 Comments »

Credit card deals with cash back are usually referred to as the most applied-for plastics in the US. No big surprise. They are pretty aggressively advertised. Besides, a desire to be rewarded is a quite natural trait of human nature. You do not have to do anything but make purchases with your cash back card and some time later you will get a part of your money spent back, as if by magic.
According to statistics, about 60% of card holders who can qualify for reward credit cards choose cash rebate programs. No wonder. Cash back cards benefits do not leave any space to doubts. 0% introductory interest rates, no annual fee (with few exceptions), extra bonus cash rebates for the … (more) June 11, 2008

Posted in Choosing Cards, Rewards 1 Comment »

A financially stable, two-parent family can afford raising children. But what if you are a single mother with low income? You can still make it through. But if being a stay-at-home mother is your full-time job? At least for some period, during the first year, when your baby needs you around 24/7?
Ok. Child social support payments and unemployment benefits can help you. But this money will barely be enough to cover all your bills and credit card payments. So, what do you do with your credit card balances? You just set your priorities and try to provide your baby with all the necessary. And credit cards can wait.
So, your baby already walks and makes attempts to say his or her … (more) June 3, 2008

Posted in Debt Consolidation 3 Comments »