I’ve been using this credit card from Citibank – Citi Diamond Preferred card for about two years. I am 100% satisfied. It doesn’t grant any incentives, but it has low APR and a 12 months introductory period on purchases and balance transfers. And it was so disappointing to hear that Citigroup is going to raise interest rates for consumers who haven’t had an increase over the last two years.
I hoped the news was hearsay, since Citigroup made a commitment to Congress and to tens of millions of credit card owners in early 2007 not to raise interest rates until an account expires. I looked through financial news rolls on the Web and it turned out that Citi actually reneged on … (more) November 17, 2008

Posted in Choosing Cards, Low Interest 1 Comment »

Financial crisis and economic recession are probably the most frequently seen and heard words these days. Just like “the Beatles” in the 1960s. Financial experts state that the country’s economy is on the edge of collapse, people feel a real threat hovered over them not just with their backbones, they see actual price rise and lose real jobs. But are there any ways to survive this crisis with minimal losses?
Well, as usual, I am gonna shed the light on this issue through the lenses of credit industry. Rewards credit cards, to be more exact.
What should you do with your credit cards? You’ve got good credit, and there are a number of reward credit cards living in the friendly neighborhood in … (more) November 7, 2008

Posted in Money Saving Tips, Rewards Comments Off