The Best Credit Card Perks for Holiday Shoppers

Posted by administrator | 29/11/12 | Tagged Credit Card

The Best Credit Card Perks for Holiday Shoppers
News from Minyanville.com:

Conventional wisdom says to leave your credit cards at home when you do your brick-and-mortar holiday shopping. But using plastic can actually be more than just convenient. If you’re savvy, you can get while you give.

According to Capital One’s recent quarterly rewards survey, 25% of reward cardholders say they plan to use their cash rewards from holiday shopping to offset holiday expenses, while 25% said they plan to use the rewards earned from holiday shopping toward spring or summer travel next year, and 44% plan to redeem credit card rewards for gift cards.

While it’s always important to read through all the fine print to make sure you understand the nuances of any deal, here are a few ways to make the best use of credit cards this holiday season.

Card-Specific Shopping Portals

Make sure you take advantage of the benefits your card offers – a…………… continues on Minyanville.com

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CreditCards.com Weekly Credit Card Rate Report: Credit card interest rates …
News from Sacramento Bee:

/PRNewswire/ — Interest rates on new credit card offers idled at 14.96 percent for the third straight week, according to the CreditCards.com Weekly Credit Card Rate Report.  

(Logo: http://photos.prnewswire.com/prnh/20090210/CCLOGO)

The average is comprised of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category. Introductory (teaser) rates are not included in the calculation.

Rates for card categories tracked by CreditCards.com are listed below:

Credit Card Averages
Avg. APR Last week 6 months ago
National Average 14.96% 14.96% 14.93%
Low Interest 10.40% 10.40% 10.40%

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How I Got in (and Out) of $5000 Credit Card Debt

Posted by administrator | 29/11/12 | Tagged Credit Card Debt

How I Got in (and Out) of $ 5000 Credit Card Debt
News from Huffington Post:

When I saw the Citibank credit card offer, designed specifically for students, I hesitated to throw it away. In the past, whenever I had received credit card offers in the mail, I didn’t hesitate to tear them up and not think twice. Now the opportunity crept in my mind and made a nest. Considering I was preparing for a move I couldn’t afford, the offer was perfect timing.

Because my financial aid refund wasn’t coming for another month and no one could loan me the money, I figured the credit card could pay for what I couldn’t, plus any other expenses along the way until I received the refund.

I told myself I would only use it for moving-related expenses. The fact that I would have a limit — maybe $ 1,000 — was comforting. I couldn’t get into too much trouble if they put a cap on how much I could spend, right?

While filling out the online application, I hit a roadblock when it asked for my monthly income. My less than part time job would never convince the credit card company that I could handle a credit card. Panicking and still determined to find a way to be approved, I looked to Google. I typed, “Is financial aid considered income on a credit card application?” into the search bar. The question had been asked before, as there were numerous discussion forums with varying answers, one recommending…………… continues on Huffington Post

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Will December Credit Card Spending Bring January Remorse?
News from TheStreet.com:

While Frank Sinatra may have crooned about having a “merry little Christmas,” retailers estimate many consumers may be planning a merry large Christmas with respect to holiday shopping.

The National Retail Federation forecasts holiday spending will see a 4.1 percent bump this year to a total of $ 586.1 billion. That’s an average of $ 749.51 per holiday shopper.

Meanwhile, a recent analysis from TransUnion finds credit card debt and delinquencies are on the rise. Although the increase correlates with a pattern from 2011 in which credit card debt increased and then decreased, should the upward trend continue, it may indicate trouble for those planning to use plastic to fund this year’s festivities.

Joy in December, regret in January?

FIND OUT NOW

Unfortunately, many shoppers may end up overspending. According to a survey from Oxygen Media, 47 percent of adults say they have…………… continues on TheStreet.com

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