Mark Carolin

Posts Tagged ‘12 Months’

If you need or want a credit card for those emergencies in your life when you have no cash, you need to be careful what credit card you apply for. It is important that you look over credit card offers carefully so you can make an educated and wise decision on which credit card to choose. If you merely choose the first credit card offer you receive in the mail, you may find yourself in trouble with a card you do not want. The following are some things to look for when you are trying to choose the best credit card for you.

0% Interest Rates

When you are looking for the right credit card, keep your eyes open for cards that offer 0% interest on purchases. Interest rates can cost you a great deal of money if you do not pay off your credit card, so finding a card that charges no interest can save you a great deal of money. If you do choose a 0% interest credit card, take note of when that interest rate may expire because often that rate is only for 6-12 months.

Look for Hidden Fees

If you are choosing a credit card, you want to be sure that you look for hidden fees that may be involved with credit cards. Some come in the form as annual fees, processing fees, and even maintenance fees. Even if the card looks like a great deal, these fees can go on your card and will cost you a great deal of money. It is usually best to avoid cards that have hidden fees associated with them. If you keep on the lookout for hidden fees when you are looking for a credit card, you can avoid paying more than you need.

Rewards Programs

Another thing to look for when you are choosing a great credit card is any rewards programs that may come with the card. Many credit cards offer rewards that are dependent on the purchases you make using your credit card. Some companies offer cash back on your purchases while others offer chances for free vacations. A rewards program that offers cash back can be a great idea when you are using a credit card often.

Cash Advance Option

If you are getting your credit card to use in emergencies, you may want to choose a credit card that gives you a cash advance option. This option allows you to get cash from an ATM if you need it. While the interest rates on this cash can be quite high, there are times when you may need emergency cash, so this is a great option to look for when choosing a credit card.

Online Payment Options

If you are constantly on the go and lead a busy life, you may not want to constantly worry about sending bills in on time. When choosing a credit card, you may want to look for one that allows you to pay your bill online each month. This is very convenient and can be helpful if you forget to pay until the last minute. This option can save you a great deal in late fees as well.

Those with credit scores in the “good” to “excellent” range (generally 700+) can often benefit from using a cashback credit card. These offer additional value on goods and services that you purchase every day.

If you are considering applying for a cashback credit card, it’s a good idea to do some comparison shopping, as the credit card companies offer many different kinds of cashback programs; fees, benefits and interest rates can all vary, sometimes a great deal. Many offer low or 0% interest introductory rates on balance transfers and/or purchases for periods of up to 12 months. Sometimes it’s possible to get a cashback credit card that allows one to accumulate “perks” such as frequent flyer miles and discounts on travel and entertainment expenses. Again, these can vary from one company to another, and even among cards offered by the same company, so it pays to compare.

Chase Free Rewards Visa Card

This cashback credit card offers an introductory 0% interest rate for the first 12 months. Cardholders receive 1,000 Bonus points upon making their first purchase, and an additional point for every dollar they spend; once they have accumulated 2,500, cardholders are eligible to receive $25 back or as gift certificate in that amount from any one of several participating merchants.

Chase Flexible Rewards Platinum Visa Card

Those who do not qualify for the Free Rewards Visa may find this cashback credit card useful. Flexible Rewards offers an introductory 0% APR on balance transfers and purchases for the initial six months; cardholders earn one point for every $1.00 spent, which can be redeemed for a wide range of travel-related expenses that includes airfare, hotel rooms and rental vehicles.

Chase PerfectCard MasterCard

At today’s fuel costs, this is perhaps one of the most handy cashback credit cards to have, as cardholders receive a 6% rebate on gasoline purchases made during the initial six month period, and continue to enjoy 3% cash back after that as well as 1% on all other purchases. In addition, cardholders will enjoy a six-month introductory interest rate of 0% on all balance transfers and purchases.

One From American Express

This is literally a cashback credit card with no limits. 1% of eligible purchases is deposited into a high-yield saving account in your name that is backed by the FDIC. There is an annual fee of $35, but this is waived for the first twelve months.

Discover

Making money when you spend money. Sounds a little to good to be true – doesn’t it? But you see these commercials advertising this all the time. So what’s the deal? Do these cards really work and are you the only one who is being left out or do they just not exist? Keep reading to find out what and best cash-back credit cards are and if they really do work.

First of all, these cards do exist. What the credit card companies don’t bother to tell you is that these cards are not what you need to be carrying if you don’t pay off your card each month. The cash-back rewards really do exist, but the monthly APR is high. In other words, if you don’t pay off your balance each month, the interest they are going to charge you is going to use up your “cash-back” reward. These cards are good if you pay off your balance regularly. If you don’t pay off your balance each month, it would be better for you to use a card with the lowest APR.

Here are four of the top cash-back credit cards:

American Express

12.49% – 18.49% APR 5% cash back at grocery stores, gas stations, and drugstores (after you’ve spent $6,500 within a year – if you spend less, the rate is 1% and 0.5% 1.5% cash back on all other purchases 0% APR on new purchases for up to 12 months Offers a fixed 2.99% on balances transferred for 12 months 3% transfer fee
Capital One

9.9% – 16.9% APR 2% cash-back on gas and groceries % on all purchases 0% APR for up to 12 months No limits on cash-back rewards Rewards never expire $29 annual fee charged to people with lower credit scores
Chase Visa

9.99% – 18.99% APR 3% for every dollar you spend on gas, groceries, and fast food for the six months 1% for all other purchases $50 credit after first purchase 0% APR for up to 12 months 3% rewards are limited to $600 in purchases per month (after you reach $600, you earn 1%)
Discover

10.99% – 18.99% APR 5% cash back in various categories on up to $400 of quarterly purchases 0.25% on other purchases up to $1,500 in yearly spending 0.5% from $1,500 to $3,000 on new purchases for six months 1% after $3,000 on new purchases for six months 0% balance transfers for up to 12 months 3% transfer fee

Now that you know if a cash-back credit card is right for you and which credit card company offers the best ones, get started finding the exact card. Each of these companies has several cards that fit the above mentioned benefits. Be sure you compare each card they offer so you can get these deals.

When you think of gas rebates, you most likely think of a gas rebate credit card.