Thursday September 2, 2010
When it comes to rewards credit cards, I'll take cash over points any day. If you're looking on your own cash back rewards card, you might have a hard time finding a generous cash back program. A lot of great rewards credit card deals have disappeared ever since the Fed put out rules that limit the fees and interest rates credit card issuers can charge.
Fortunately, we've done the work for you and found a few of the best cash back rewards cards deals out there. The cards that made the top 5 list are not only good for cash back, some also have great balance transfer deals and low interest rates on purchases. Check out the Five Best Cashback Rewards Credit Cards.
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Wednesday September 1, 2010
I love shopping but I dread the question nearly all store clerks ask now: "Would you like to save 10% and sign up for our credit card?" I used to let them down gently and say I already had the card, but preferred not to use it. Now, I just say that I'm not interested in a new credit card.
Store credit cards are relatively easy to get if you're just starting out with credit or you're rebuilding a bad credit history. But, they may be a little too good to be true. Store credit cards aren't all they're cracked up to be. They have high interest rates, low credit limits, and don't help your credit score as much as you'd think. That's just a few negative things about store credit cards. Find out 6 Drawbacks of Retail Store Credit Cards to help you choose whether to keep these cards in your wallet.
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Saturday August 28, 2010
Secured credit cards are a great option for people who have bad credit and need a credit card to start rebuilding. They're also good for those who need a first credit card to gain some positive credit history.
Check out Orchard Bank's Secured MasterCard which has a low 7.9% interest rate and no account processing fee. If you've used this credit card, leave your own review.
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Friday August 27, 2010
Stereotypically, college students are the group plagued with credit card debt. While cash isn't readily available for them, credit is. But college students aren't the only ones who have a high debt load. Credit card debt affects virtually every age group from 20-somethings to senior citizens.
Society's focus on consumer goods encourages people to use credit cards to maintain a certain type of lifestyle. Rather than pushing us to make wise decisions about the things we purchase, culture says, "If you don't have the money for it, just charge it." Meanwhile, credit card balances rise higher and higher, with minimum payments increasingly becoming out of reach.
It's a vicious cycle that quickly snowballs into a huge debt that's nearly impossible to manage. Credit cards don't become less appealing as you get older, which is why it's urgent that you learn to make good decisions earlier in life.
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