April 23rd, 2013
Everyone remembers their first…credit card, that is.
I opened mine last spring and was instantly dazzled by its shininess and silvery cool reflection. My credit limit seemed like a ton of money back then. A few months later, when I learned that you should stay under 30% of your credit utilization rate, I began to feel a little restricted. So I decided if it was time to shop around, I might as well earn something from my spending and open a rewards card.
If you’re contemplating taking the rewards route, like I recently did, here’s how you can decide if a rewards card is right for you.
You spend a lot in bonus categories.
Rewards cards typically have a base level of 1% cash back or 1.5 points on all purchases. What sets them apart are the bonus categories. My new card, the Bank of America BankAmericard Cash Rewards, offers 2% on groceries and 3% on gas each quarter. I don’t own a car yet, but when I have a family, the majority of my expenses will be on groceries and gas. So I envisioned this card giving me a great deal for where I’m at right now and also being helpful down the line.
January 23rd, 2013
Would you get a prepaid card endorsed by Suze Orman? How about Justin Beiber? The prepaid card market shows no signs of slowing down. Banks are looking for new ways to make revenue and, according to DailyFinance, prepaid debit cards are the new goose that laid the golden egg. A faster way to get that goose in the hands of American consumers is to slap on a celebrity endorsement.
January 22nd, 2013The Business Gold Rewards Card from American Express OPEN is a charge card for the small business owner wanting to earn rewards for his entrepreneurial expenses. And now, for a limited time, you can get 75,000 membership rewards points when you spend $10,000 in the first four months of card membership.
January 3rd, 2013
Listening to your customer base is one thing. Implementing customer-pleasing changes into a brand-new credit card product could be a game changer.
December 11th, 2012
Credit card perks are getting more creative by the minute. You can earn free hotel stays faster, maximize your daily deal site purchases, earn rewards any football fan would be jealous of, and more.
December 6th, 2012
Barclaycard is on a roll with its reward-centered cards. Hot on the heels of the NFL Extra Points Credit Card launch, it has a brand-new product—this time for the travel-hungry. Got wanderlust? Then read on!
November 15th, 2012
Today, I’ll share the exact, word-for-word scripts to get fees eliminated from your credit card. In general, you shouldn’t be paying fees on your credit card. There are some exceptions -- like for rewards cards, if you spend enough to justify the fee -- but late fees and random charges can be easily waived. Now, if you automate your finances like I told you, you’ll eliminate the need for late fees of any kind. But just in case, I’ll give you the word-for-word script that thousands of the readers on my blog, I Will Teach You To Be Rich, have used to get their late fees waived.
October 19th, 2012
We tapped our Facebook followers once again to answer this member’s tough question: “I am wondering if having high limits on credit cards is good or bad? Is it better to request higher limits?" Here’s what you had to say!
October 17th, 2012
Prepaid debit cards have gotten a bad rap. (Remember the Suze Orman card? Or the Kardashian card?) American Express and Walmart are trying to turn that around with Bluebird, which lets consumers take control of their finances.
October 12th, 2012
Hi, football fans! You wear the sweatshirts and jackets—now you can show support for your favorite NFL team in your wallet. With this new NFL Extra Points Credit Card from Barclays you can pick one of 32 team logos or the NFL shield image for your card. If you’re an NFL fan into earning rewards, read on!