So what happens if you have a huge credit card balance and can’t pay it off at this time due financial circumstance? Or you may want to ask what do I need to do so that I don’t have to pay for my credit card bills? There are a couple of things you can do depending on the situation. First thing first, if you can’t pay off the entire balance, pay at least the minimum to avoid late fees. The financial charge will still apply for the remaining balance. Call the credit card company to find out if they can low the APR for another 6 months or even 12 months. If you consistently pay the minimum in the past, chances are they will go lenient on you. Secondly, compare the current APR and compare with other credit cards. They are many cards that offer special balance transfer for as low as 0% for at least 6 months. But remember, this is the only temporary solution. You have to figure out how to pay off the balance at the end of six months. In the next post, I will talk about other ways of avoiding credit card bills.
Written by Peter on June 17th, 2008 with no comments.
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Everyone is looking for savings when shopping for Father’s Day. I am no exception. Recently, I get a Bloomingdale’s card at the 25% discount. That’s a timely promotion for the Father’s Day. Hey, things cost more these days, 25% off everything is great. They mean almost everything except some designer brand like the Louis Vuitton is never on sale, so no luck on that. Anyway, the point I am trying to make is that Department stores are offering discounts if you sign up for their store credit cards. The discounts range from as 10% to as much as 30% of your first day of purchase. Some stores actually extend the savings up to one week so you will have enough time to think about and buy whatever you want during the week. The savings will not be reflected at the time of purchase, which means the dollar amount on the receipts will have the same price as retail. The discount, however, will eventually show up on the first bill. So be sure the check whether the percentage match the promotion you are suppposed to get when you first signed up at the store.
Written by Peter on June 15th, 2008 with no comments.
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I am the kind of person who will carry more credit cards than cash. It’s just convienient for me - a cup of coffee and a bagal is just one blink away if you use the Chase rewards card with blink. There is no paper to sign. Buying lunch is easy as well. If you like junk food places such McDonal’s and Wendy’s (some people consider food in Wendy’s are healthier, but I still consider them junk food), you are always welcome to use credit cards or debit cards for purchases. Just think about something that costs $5.55 and you will end up paying 6.03 with tax. If you don’t have the exact change (I bet most people don’t), you will end up giving a $7 and getting about $.97 changes in coins. That could be annoying. Just use your credit cards, save time and hassle. Your cashier will certainly apprieciate it. And every dollar you spend earns you 1 point. In the case of Chase rewards card, 100 points will give you $1 back with minimum 2500 points to be able to redeem. Just by purchasing breakfast and lunch everyday can earn you $25 rewards quicker than you think. Trust me, I have earn many $25 gift cards from Chase ever since I sign up for the Chase rewards card.
Written by Peter on June 12th, 2008 with no comments.
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Want to earn cash back while doing your every day shopping. There are Credit Cards that allow you to earn cash back for everything you purchase through your cashback credit cards. Whether you are buying a cup of coffee or paying for a new car, you will earn a small percentage for every dollar you spend. You can earn 5% cash back rewards at supermarkets, gas stations, and drugstores. For example, if you spend $5000 a year buying grocery at supermarkets you will be eligible for a $250 check. There is usually an annual limit on how much you can earn - $300 for most credit cards with cash back reward.
Written by Peter on April 17th, 2007 with no comments.
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If you have bad or poor credits and want to reestablish your credit, there are many special cards designed just for you. Since your credit history is bad or poor, you might have to pay a higher interest rate than that of regular credit cards. But if you are determined to get your credit back to good standing, apply for one of those credit cards and alway make the minimum monthly payment, or even better - pay off the balance every month. Your credit lender will be willing to low the interest rate it will become easier for you to borrow more money and apply for a mortgage…
Written by Peter on April 16th, 2007 with no comments.
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Getting a student credit card while in college is the first step to start building your credit history. Credit card companies offer some sort of incentives on campus when you apply - such free t-shirts and mugs. And most of the student credit cards now carry cash back or reward points programs. Since these cards are targeting college students and they are easy to qualify. Credit lines are usually low since most students are not yet working, but many offer 0 or low introductory APRs for purchases. Pay your tuition bills and supplies with these credit cards and start building your A+ credit.
Written by Peter on March 31st, 2007 with no comments.
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One big advantage of using a business credit card is that you can seperate personal and business trasactions that could create potential tax and money management problems. If you just start a small business, you need a Small Business Credit Card - it’s important to start building business credit which will make it easy for you to take loans and credit lines as you business grow. Most of the business credit cards now offer you the option to summarize expenses at the end of each year. The purchases you made are categorized and itemized. Now, most of business credit cards even offer reward points and cash back. You can earn cash back or redeem reward points for travels, hotels, and merchandise.
Written by Peter on March 31st, 2007 with no comments.
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What do you need to know when applying for a credit card online? How do you know you are getting the best deals overall. Credit card companies these days offers tons of incentives when you sign up for a new credit cards. From free pens, t-shirts, to free cash deposited directly to your checking account. What make them so eager to offer you all these freebies and cash rewards? Owning a credit card is the first step to build up your credit history, especially you have little or no credit history at all. Applying for credit cards online is easy and secured. Not only can you compare types of credit cards by issuers, reward programs, interest rates, credit history requirements. No matter what your credit score is, there is always one card that fits your needs. If you already own couple of credit cards and want to explore advantages of what other cards offer, there are tremendous amount of free information online that offers you tips and tricks of applying for a credit card online.
Written by Peter on March 17th, 2007 with no comments.
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If you are searching for cash back credit cards and haven’t sign up with Discovercard.com, you are missing the best cash back credit card deals ever. Every now and then, Discovercard offers up to 5% cash back on almost everything you buy in a period. Especially during holiday season, the offers extend to even more items. Every cash back bonus Discover card gives you 0% intro rate for purchase or balance transfer, you don’t need to full off the entire balance until a year later.
Written by Peter on March 16th, 2007 with no comments.
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