A few of the top rated credit cards in the industry today are offering great deals in lieu of Valentine's Day. This year, do not hold back on your creativity. Go ahead and make big plans since your credit card debt may not be significantly impacted if you think smart and avail the features on the cards to your benefit.
The Open Road credit card from Discover is one of the cards that must be in your wallet on Valentine’s Day. The signup bonuses on this card entail a $150 coupon from...
Bank of America is offering its customers discount deals on a trial basis. This program is basically designed on the consumer’s spending habits. The ‘BankAmeriDeals’ will be offered to its employees in North and South Carolina, and Nevada. All of the employees based in the US banks will have access to these deals by mid-February.
Bank of America is based in Charlotte, N.C., and has approximately around 275,000 employees. This program is based on a customer’s spending habits. For...
Most credit card users had sworn off credit cards after the economy took a beating due to the recession. Consumers were uncertain about handling additional debt at that point in time. However, there seems to be signs of improvement and the economy is looking up now and consumers are beginning to change their outlook. They are more than willing to borrow on their credit cards as they are confident of paying back their debts.
A recent report from Dow Jones suggests that consumers are more than...
Credit card companies come up with various offers to woo customers to use their cards. However, all these offers may not be a worthwhile option and not really as exciting as it is made out to be. Cashback credit cards have always sounded exciting because everyone loves the idea of getting cashback. For those who use credit cards regularly, it makes some sense as the charges are likely to appear one way or the other. However, the rest of the credit card users will have to stop and think about...
Continue readingIf you have had a financially trying time in 2011 and continued to amass credit card debt, you are not the only one. However, the good news is that the credit card industry seems to have a more positive outlook in 2012 and this can work in your favor. Though the economy will take time to find steady ground, the credit card sector is gradually picking up momentum and coming up with trends that can benefit the customers and the banks.
One of the ongoing trends is that of signup bonuses. The...
Most customers are keen on reducing paying off all their outstanding dues on credit cards and reduce their overall debts. However, most of them are not aware of the right way to go about the entire process. The fact that customers do not prioritize their debts is the major flaw though their intentions are right.
According to one of the most recent surveys conducted, customers tend to pay off their smaller balances first without giving a thought to the interest rates. In fact, customers...
One of the main concerns plaguing customers after a great holiday season is how to repay the debts accumulated on their credit cards over the last few weeks. Millions of customers indulged in unrestrained spending this holiday season treating themselves and their loved ones to some amazing gifts.
The recent surveys conducted by the American Retail Federation and American Research Group estimates that customers spend between $650 and $750 each year on gifts and other entertainment options...
Drooping credit records is in the air and speculation is suggesting that US banks might be picking up a new pace of opening new accounts in this coming year 2012.
Learning from the mistakes of 2007-08, this time the card companies would not repeat its faults and the floodgates will remain closed for most of the appliers. Only the customers with potential credit records will be able to access the cards in the approaching year. A thanks to the existing credit card holders who are returning the...
The use of credit card that has been on a declining spree holds little chance of recovering. According to the analysts’ report of Sterne Agee, the declining trend in credit card usage is likely to pass on to the next year following the decrease in holiday shopping and spending.
The debts in credit card or the receivables that the top companies of credit card channeled to develop trusts accounted to $243 billion in November. This particular figure, which has been significantly flat from the...
A couple of weeks ago, a new and simpler credit card agreement have been initiated by the Consumer Financial Protection Bureau (CFPB) of US President, Barrack Obama. This 2-page agreement was introduced with the expectation that banks would adapt it willingly. However, objections were raised at the White House for its current initiative to protect customers. High risks are being predicted by the Republicans that might affect the American economy as well as the entire nation.
The Consumer...
The Federal Reserve System, the central banking system of the United States has once again put a great smile on the American’s faces with the decision of not imposing any change in the interest rates of credit card. This means that the people need not to worry about their shopping plans via credit cards.
It is to mention that it is past three years that Fed have not brought any change to their interest rates. From December 2008, it is sticking at the same rate even while the world was...
Credit cards offer great deals to people who have the capacity to pay for their bills on time and in full. Credit cards are imposing penalties and fees on credit card holders who cannot pay for their bills on time. Those who have the capacity to pay are being given rewards and cash back by some credit card companies along with free flyer miles. This made a lot of consumer uses their cards even more since they can get perks and freebies while using their cards.
More and more consumers today...