August 23, 2008
Did Your Banker LIe About a Credit Card Offer
Credit Card Offers Explained
For decades people have been trying to figure out what the best credit card deals are. The answer as to what the best credit cards are isn’t as simple as you might first think.
If you are looking for a 0% intro APR your thought might be whatever offer gives me the longest term on credit card purchases, but I have to tell you the truth about this thinking, not all credit card deals are structured the same.
Going with the example of applying for a 0% APR card offer, on the surface seeing 0% for let’s say 15 months on new purchase is a great deal, but if you currently have a balance on another credit card then you have to view the terms and conditions for the introductory APR on balance transfers because the rate on transfers may be different from the purchase APR’s.
You might think you are getting a great credit card offer but after you read the fine print you will suddenly recognize that the big banks are simply trying to rip you have with false hopes and promises and as direct result of this revelation you must take the onus on yourself to check the card offer terms and conditions.
Some credit offers boast being the best credit card application because they have no annual fee or they claim their business credit card offers are best in class because of whatever reasons they shove down you throat. But I am getting across here boils down to this, whether you are looking for a business, bad credit or even a student credit card for that matter, the major financial lenders have only one goal in mind and that is their businesses bottom line.
To increase their business, credit card companies, will execute cut throat marketing tactics to make you perceive their “rewards credit offer” or their “0% Intro APR” offer is a step above the rest of the card issuers on the market to entice you into their own credit card offer and then proceed to scour every nickel you have anywhere in your night stand.
Here is exactly what you need in order to apply for the best credit card offer that will give you the maximum rewards for what you current situation is:
Credit Card Offers for People with Bad Credit
1. If you have bad credit, the best credit card offers will give you at least a minimal interest free period on balance transfers. This will save you money and help your credit score, and boosting your credit score is all you should care about when applying for a credit card offer.
Credit Card Offers for People with Poor to Good Credit
2. If you have poor to good credit, you are a person that has forgotten to pay their bills due, likely being too busy with career and life issues, and the major banks have you minor indiscretions against you for this so you need to think about your role in have less than perfect credit and stop being angry with the banks for not issuing the best credit card deals and apply only for credit card offers that are designed for you specifically.
What that means for you when it comes to reviewing a particular card offer is you need to do one thing. That one thing you must do is spend 5 minutes to peruse the offer terms and conditions and further to that actually take an additional 10 minutes to write down on a calendar items such as when introductory rate expire as well as the conditions of how and when a 0% introductory card offer expires.
For millions of Americans that are lumped into the good to fair credit rating category, it is for the most part not due to inability to pay, the case is more typically that you are simply overburdened in your day-to-day life that you forget about menial issues such as your credit card offer terms.
It’s only when you get your statement that you ask yourself this:
“But I thought when I applied for that particular offer that my credit card rates, bonuses, rewards, etc, were supposed to be XYZ.”
No, you are not an awful person because you forgot what the initial credit card offer terms and conditions were, you are simply a busy person.
So all I am suggesting to you is to be “less busy” when you are considering credit card offers. Take more time to note the offer stipulations and if you heed this advice your credit score will enter the “credit card offers for people with excellent credit” category faster than you ever thought possible!
Credit Card Offers for People with Excellent Credit
If you have excellent credit, then you pretty much have free run at all credit card offers so you biggest problem is choosing the rewards and benefits that best fit your lifestyle.
If you have excellent credit then all you need to do when reviewing credit card offers is compare the rewards you want and then apply. People with excellent credit pretty much have free run at every credit card offer they want, so ask and you shall receive.
Posted by Colin at 01:46 AM | Permalink | Comments (0) | TrackBacks (0)August 22, 2008
Best Low Interest Credit Cards Period
What are the Best Low Interest Credit Cards
When you are looking for the best low interest credit cards you have to consider a few issues prior to submitting your online application. You see, there are some card offers that will give you the best ongoing rates and will have special introductory offers of 0% APR for up to 15 months but the key to getting a low interest credit card is having a good credit score.
If you are thinking that you can qualify for a low interest credit card and you have bad credit, you must know in advance that with bad credit you won't get the best offers so you need to evaluate where your credit score stands first before you apply.
To help you find the best low interest card for your credit situation, the best offers have been broken down by credit type. Since offers do change please check the current terms and conditions with the issuing card and view items such as introductory rates offered on balances transfers and purchases. Different rates may apply to balance transfers vs new purchases.
The following offers have been chosen best in class for each credit rating with consideration given to:
1. Introductory interest free period.
2. Ongoing APR's, cards that offer long term low interest rates.
3. Additional rewards offered.
Blue from American Express is the best low rate credit card for people with excellent credit because:
1. The length of time of the introductory offer. A 15 mo. Interest free period is the best 0% APR duration possible.
2. The ongoing APR is as low as 8.99% which is the best ongoing rate in the credit card industry.
3. You earn additional rewards points for travel, gift cards and entertainment. American Express has specialized in entertainment rewards for decades now so if you are like me and enjoy purchasing tickets to sporting events, concerts and even amazing Broadway show experiences then you must apply right now for Blue from American Express
Key Benefits from Blue from American Express:
Best Low Interest Card for Good Credit
The Discover credit card offer, Discover® Open Road(SM) Card has been chosen best in class for people with good credit
1. Introductory interest free period is for up to 12 months on both purchases and balance transfers
2. The Discover® Open Road(SM) Card boasts an ongoing APR of as low as 10.99%. Getting a rate as low as 10.99% for people with good credit is about as low of an interest rate that you will find. Good credit means that you have a few missed payments, as a result you won't qualify for the lowest rates on the market.
Additional rewards offered with the Discover® Open Road(SM) Card:
Orchard Bank Classic MasterCards are the perfect solution for people with bad credit because they offer you some of the lowest ongoing interest rates for those with bad credit and the best feature HSBC bank offers is an intro 0% interest rate. If you have bad credit the best thing you can do for yourself is to save some money on incredibly inflated interest rates. When you have bad credit, banks cash in big time by charging you interest rates that are right through the roof
HSBC Bank - Orchard Bank Classic MasterCards
1. Introductory interest free period up to 6 months on both purchases and balance transfers. If you have a card with an unacceptable APR and you have bad credit then you absolutely must take action right now and apply for the HSBC Bank MasterCard.
2. Ongoing APR's, cards that offer long term low interest rates
3. An additional benefit offered by the HSBC Bank MasterCard offer is you get cell phone reminders that bills are coming due. When you have bad credit the most important thing you want to focus on is restoring your credit rating. When you miss credit card payments your credit score is impacted and the HSBC Bank MasterCard offer sets you up for success in restoring your credit with cell phone alerts.
If you aren't sure what the best low interest credit cards are for your current credit needs then take a moment to browse all Low Interest Credit Card Application (click here) section of the website
August 20, 2008
Bad Credit Credit Cards Aid Financial Restoration
Got Bad Credit? Credit Cards are Essential for Everyday Living
Yes! There are bad credit card cards for people with bad credit or no credit are in this situation because, as a borrower, your issued credit at some point became unmanageable. The reason for most people with very bad credit is mainly due to a lack of financial education through your younger years.
It's unfortunate that the previous generation didn't teach us about money and credit management however since you are likely reading this because it's too late and you are currently in a situation where your credit got out of control and you are desperately looking to apply for a credit card because you are quickly seeing that living without a credit card is really tough in this day and age.
Likely you have been applying for credit cards and are feeling a bit discouraged, receiving reject after reject on the card offers you apply for. Do not despair; there are financial companies that have packaged bad credit card cards that you can qualify for
While those of you that have less than perfect credit are now in a bit of a bind I do have some good news, there are companies that will extend credit to you.
Credit card offers for those with bad credit are a real blessing because they can help you re-establish your credit rating on file with the major credit bureaus.
According to an article I just read from the Nashville Business Journal:
A study conducted by Citizens for Equal Access to Credit found that a large percentage of subprime credit card users improved their credit rating within a two-year period.
Based on a study of 360,000 card users, at least 35 percent of consumers with low-limit credit cards improved their credit scores in two years. More than 60 percent increased their score by 40 or more points and were awarded a higher credit-card limit.
Javier Cuebas, the Executive Director at the Citizens for Equal Access to Credit, reported that 1 in 3 Americans are in the category of people with bad credit.
So the need for bad credit credit cards is higher than ever and financial institutions have responded by designed card offers with low limits.
By issuing card offers with a small credit limit mitigates the risk to the issuing credit card company by keeping potential losses to an absolute minimum while giving you the ability to restore your credit bureau score.
Application Tips for People with Bad Credit
First of all I would like to help with your financial education and make you aware of what you need to know before you apply for a bad credit credit card offer.
Make sure you read the full rate & term detail as well as any fees and disclosures. Credit card issuers are required to make full disclosure of all fees and conditions on cards they issue.
Applying for a credit card and making sure you are comparing offers that are suited for people with bad credit will ensure that you fully understand the costs associated with the card you apply for. If the fees or terms are not to your satisfaction, then move on to the next application. Gaining financial wisdom is really that simple.
If you thought I was going to make a profound statement about applying for bad credit credit cards, I apologize for letting you down! It's important that I get my point across though that you take a few minutes to read the conditions and fees that you are agreeing to.
Credit Card Offers for People with Bad Credit
The best credit card offers for people with bad credit are:
Click here to view, apply and get accepted now . . .
Orchard Bank Classic MasterCards
Bank of America Secured Visa® Card
Continental Finance MasterCard®
*See website for other fees, rates, and terms and conditions
Continental Finance Gold MasterCard®
*See website for other fees, rates, and terms and conditions.
View more and apply online now - Click here to get a credit card for people with bad credit ...
May 30, 2008
Facts About Credit Cards
When Should I Get My First Credit Card?
As soon as possible. Having said that it may be difficult to get a credit card, once you've had one and established a good credit rating, you will always be able to get another or have your limit raised.
Can I Get a Credit Card If I'm a Student?
Some credit card companies offer cards to students. The reason they do this is to initiate relationships with people they hope, over the long term, will be loyal to their company. The initial credit limit may be low, but that doesn't matter. If you can get it, take it. Be careful using it. Your objective is to build a credit reputation, not charge everything in sight.
What's the Difference between a Credit Card and a Charge Card?
There's a big difference. A credit card such as VISA or MasterCard offers you a line of credit for which they charge you interest if you don't pay off the balance each month. A charge card, such as American Express, also allows you to charge purchases up to a specified limit. However, charge card companies expect to be paid immediately upon billing, since it is not their intention to offer you credit.
Use your credit card to it's fullest potential
Instead of buying extended warranties when you buy electronics or appliances, use a credit card that offers extended protection. You can have the normal manufacturer's warranty on most items doubled (sometimes to a maximum of one additional year) simply by using the right credit card. You save money by not buying an extended warranty — and if you pay your card off on time, it costs you absolutely nothing.
Credit Card Interest
You can avoid paying interest on your credit card for transactions (i.e., for everything other than cash advances) by making a full payment on or before the due date on your statement. However, interest is always charged on cash advances from the date you take the money. If your credit card allows you to write cheques against it, interest is charged on those types of cash advances from the date the cheque is processed to your account. And, of course, no one pays you interest if you have a credit balance on your credit or charge card account — so don't.
Credit Cards Actually Are Free Money Loans
If I could show you a way to borrow $5,000 a month and pay no interest, would you be curious? What if I told you that credit cards offer you the cheapest form of credit available? It's true, and here's why.
Credit cards only charge interest when your balance has not been paid off in full. If you pay off your balance each month, you pay no interest. You've used the financial institution's money for anywhere from 30 days to 60 days — and it cost you absolutely nothing.
Note though that you must pay your balance in full each billing cycle to take advantage of paying zero interest charges.
Who Should Have a Credit Card?
Everyone. The fact is, the only people who can borrow money without going through hoops or signing away their firstborns are people who have borrowed money. You can't develop a "credit rating" until you have paid back a loan. A credit rating is your reputation in terms of your previous ability to pay back money you've borrowed in a responsible and timely way. If you've been consistently late in making your payments, you'll have a bad credit reputation, or "rep." If you've ever missed a payment completely, you'll have an even worse rep. If you've always made your payments on time, you will have a great credit rating and just about anyone will be willing to lend to you under the right circumstances.
A credit card is one of the easiest ways to establish a credit rating. Whether it is a gas card, a store card or a bank card, you can apply for a card with a low limit, make small purchases, pay off the card each month and become a credit star. You'll establish yourself in the world of credit, and you'll develop a great reputation.
Credit and Loan Categories Explained: The finance industry is full of jargon which average people simply
don't understand. Don't let the "big words" confuse you into making the wrong decisions. You are empowered when you
understand all the lingo, this holds true for everything in life. If you understand things, you can make an
informed decision. This site was launched to help you make the right choices with your finances.
Since we are a credit, loan and mortgage broker service we have no obligation to any particular company to sell their
product. If a credit company wants us to promote their services, they must offer consumers and business owners the
best rates on credit cards and loans. If they don't provide great rates or rewards programs, we simply ignore them.
Credit Card Debt - Take Responsibility
Some of us don't feel entirely responsible for our debt. In the back of our minds,
we're thinking that the credit card companies gave us the cards in the first place,
that our spouse is the reckless one, that everyone has a lot of debt these days,
or that our parents never taught us how to manage money.
Regardless of who spent the money or why, we made choices in our life that now leave us in debt.
We are responsible for our situation—not creditors, spouses, relatives, or friends.
When we accept that the burden is ours, the road ahead may seem long, but we don't
waste energy blaming others. As a result, we gain some serenity and can begin to create
positive and workable solutions to our situation.
Tip: Recall choices I've made that have
put me in debt. I will accept that my debt is mine
and not blame others for my circumstances.
APR & Credit Cards - Explaining the Language of the Banks
Are you confused about credit card applications?
Yeah, when you are at the point where you are ready to apply for a credit card, you have likely seen lots of information about APR's and now
are absolutely confused and perplexed by all the seemingly amazing credit card offers out there! Yet, choosing a credit card based on APR still alludes you!
I know exactly why APR's are confusing you. Trying the lowest APR on a credit card application IS confusing because there are different rates for different scenarios.
Let's clear up some of the consfusion about credit card APR's.
Here is a brief breakdown of the APR's to help you decide what the best credit cards are for you, it is difficult deciphering the best ARP because there are several rates based on how you use your credit cards, let's explain the different rates now:
Yeah, there's lot's of issues to consider when trying to figure out what the best credit cards are. But, that's what we look at every day here at Crediteria.com, what credit cards are going to be best for everybody that visits this site. Hence the various categories. So, if you are ready to apply for a credit card now, the listings of credit cards are based on rewards, APR's (across the board rates) and the most applied for credit cards.
Now, it's time to review the application terms and conditions again to bring you the best credit cards for every card category. When you click through Crediteria.com, the best credit cards overall are always listing at the top of the listings based on aggregate data received from feedback and our research.
Business Credit Cards under Review at Crediteria
Having just finished up with tax season and after meeting the accounting team here at Crediteria, we have been thinking a lot about our own business spending and have commenced full scale reviews of business credit card offers. It is clear that business spending on credit cards in particular needs to be evaluated and leveraged in the way of rewards and discounts.
Here's a hint for you, earn your rewards with your business spending and redeem your points for personal gain. Remember that the spending you do on your business credit card is a tax write-off. So never redeem business card rewards on business spending, always reward yourself personally. You work hard in your business, both you and your family deserve to reap the rewards of your entrepreneurial devotion.
Posted by Colin at 12:23 PM | Permalink | Comments (0) | TrackBacks (0)February 19, 2008
Tax Refunds You Are Missing
Millions of people across the country are missing out on tax refunds simply because they are content to drudge through their day at work and simply accept that taxes are part of everyday life.
While it’s true that the tax man will always be collecting a portion of your earnings there are legitimate ways to reduce the amount you pay in tax every year. You could literally get thousands of dollars back in your bank account by leveraging tax refund opportunities that are in place.
Yes, you can legally increase your tax refunds if you take action and want to create a better life for yourself. No, you can’t avoid paying taxes all together but you can get huge savings.
The opportunity to save on taxes is there for everybody. The government has set up tax savings for individuals that behave in a certain way. The tax laws have been written to reward people with an entrepreneurial spirit.
If you start a home based business the government has created many ways for you to increase your tax refunds by offering you deductions that average people can’t take advantage of.
You see we are moving from a society of employees to a society of entrepreneurs, yours truly is one of those entrepreneurs. By operating my home based business I am able to take advantage of business deductions such as travel, home expenses such as renovations for my home office, computers, software and business dinner meetings. Essentially what you can do by operating a home based business is take advantage of the tax laws that reward entrepreneurs and get a lot more money back on your tax refund.
My good friend Michael Potter is a wealth preservation attorney and he has created a system that will get you maximum tax refunds and set you on a path to wealth and financial independence
What you pay for Michael One Minute Tax Coach system will more than pay for itself. I encourage you to visit Michael’s site right now and get tax savings you deserve.
Once you get the foundation of your home based business set-up you can begin to save money on your taxes but then you can take it to the next level and actually start earning money from home using the internet. That's what I have been doing for 7 years now and the lifestyle is absolutely fabulous.
I have created a free report on using social media to drive traffic and earn money online. Get my report now and learn how to use blogs for marketing products online.
Posted by Colin at 10:32 AM | Permalink | Comments (0) | TrackBacks (0)February 18, 2008
TurboTax Review
Get More Info
Order TurboTax Online
Turbo Tax is one of the premier tax preparation software packages on the market today.
First of all using software such as TurboTax ensures that you don’t make mistakes when filing your income tax and what’s more important is the software will automatically search for 350 tax deductions. The software will pay for it self with the tax refund you get.
The average federal tax refund that Turbo Tax customers received last year was 2,257.
Another incredible feature that you get with TurboTax is the Audit Support Center. The audit support center shows you exactly what you need to do if the IRS contacts you.
TurboTax not only helps you reduce your chance of an audit, we also give you clear guidelines with illustrations on what to do if you are contacted by the IRS.
Being contacted by the IRS can be confusing and stressful, but it doesn't have to be. That's why we've created the TurboTax Audit Support Center, included for FREE with TurboTax Deluxe, Premier, and Home & Business.
Less than 1% of all personal tax returns were audited, so it is unlikely, but if you are contacted by the IRS, we'll help you to:
1. Find out why the IRS contacted you
2. Determine what it means
3. Prepare your next steps
With downloadable step-by-step guidance, including what different types of IRS letters may mean, you'll know exactly where you stand and what to do next.
Remember, TurboTax guarantees 100% accurate calculations. If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
Posted by Colin at 04:25 PM | Permalink | Comments (0) | TrackBacks (0)January 31, 2008
Veterans Advantage Savings Cards
Here are 2 great savings cards offered by Veterans Advantage. The first is the US Patriot Card and the second is the Veterans Advantage Travel Card. Both cards save you money and allow you to show your national pride.
Let’s take a look at what each of these savings cards gets for you.
U.S. Patriot Card
Click Here for More Information
The first thing to note about the VA U.S. Patriot Card is the 14 day free trial. Heck free stuff is always worth trying!
Next is the fact that proceeds from the U.S. Patriot card go toward helping returning soldiers. People that have been fighting for our freedom are helped, that alone make the Veterans Advantage US Patriot Card worthwhile.
Plus the savings you will get on everyday items such as Apple computers and iPods as well as Dell Computers if you prefer PC’s. You will also enjoy savings on your prescriptions, your travel including flights, hotels and car rentals as well as getting free travel insurance from AIG. There are also savings on cruises and resort destinations. And did I mention you save on Cell phones from Verizon as well!
VA Travel Card
Click Here for More Infomation
The Veterans Advantage Travel Card gives you some amazing travel rewards as well. If you act now you get a 30 day free trial plus a free companion ticket.
If you sign up today then you will take advantage of an additional $20,000 in special savings along with $55,000 in accident and travel insurance.
You need to act now to take advantage of these incredible offers.
Posted by Colin at 08:33 PM | Permalink | Comments (0) | TrackBacks (0)MasterCard Earnings Soar - How You Can Profit
The major credit card companies are raking in the cash hand over fist these days primarily due to the rise in the cost of living.
In fact MasterCard reported that their fourth quarter profits in 2007 were up 7x predominately because consumers are paying more to fuel their cards and pay the grocery bill.
MasterCard reported an earnings rise of over $300 million, the rise in earnings can be translated to earnings of $0.89 per share which exceeded shareholder expectations by roughly 0.16 per share.
The huge rise in earnings is attributed to, as mentioned previously, that consumers are spending more on everyday purchases such as gas and food, but it goes further than the rise in the cost of living.
Consumer’s credit card use has increased as well as more and more Americans are switching from using cash to greater use of credit and debit cards.
While MasterCard shares are on the rise their top competing card processing networks such as American Express and Discover Card are on the decline.
Why the difference?
MasterCard does not extend credit to cardholder’s. That is the job of the banks that issue MasterCard credit cards. MasterCard only operates a payment processing network.
MasterCard thus is immune from default credit card accounts and earns revenue based solely on its cut of every MasterCard transaction that occurs. Where as their competitors such as American Express and Discover Financial Services do extend credit to cardholders thus leaving them vulnerable to default cardholder accounts.
Since MasterCard takes a percentage of every transaction that occurs and the cost of living is on the rise what MasterCard has is a fool proof business model that actually earns more as prices go up.
If you are looking for an investment that will likely continue to grow over time then you should consider MasterCard as part of your portfolio. As you spend more on your MasterCard everyday you can rejoice in knowing that the more you are forced to spend the more your investment portfolio will be on the rise.
Western Union Prepaid Mastercard
We have been encouraging people that have had credit card problems in the past to use prepaid debit cards in the place of regular cards. A card such as the Western Union Prepaid MasterCard provides you with the convenience of credit cards without the risk of going into debt.
The Western Union MasterCard is perfect for anybody that wants to avoid debt. Use this prepaid card to get control of your credit card spending habits and avoid costly rotating debt.
Get control of your money starting today! The Western Union Prepaid credit card carrying the MasterCard logo works just like a regular credit card without the hassles of regular credit.
January 22, 2008
AccountNow Vantage Prepaid MasterCard
The AccountNow Vantage MasterCard is, in our opinion, the best prepaid credit card on the market today because there is no activation fee when you make a direct deposit.
Most prepaid debit cards have activation fees that you must pay in order to get your card. That's ridiculous! Why should you have to pay to get their card? AccountNow sees it the same way.
You can use your AccountNow Vantage MasterCard to avoid check cashing fees. Have your paycheck deposited to the card and you will instantly save on costly cashing fees.
The AccountNow MasterCard offers 100% approval. There are no credit history checks or ChexSystem verifications. Even if you have previously declared bankruptcy you still qualify for the AccountNow card.
Get More info about the AccountNow™ Vantage Debit MasterCard® now
Posted by Colin at 02:34 PM | Permalink | Comments (0) | TrackBacks (0)January 17, 2008
Designer Checks for Fun Finances
Next time you are going to reorder checks consider getting some designer checks to make the mind-numbing task of writing checks a little more interesting.
Regular bank checks are just that, regular and can take the task of writing checks to pay your bills and make it even more painful. Why not lighten up bill payment time with a cool design on your checks.
A set of designer checks can be more than just an interesting picture on your checkbook, it can also make a fashion statement. It seems everything is a fashion statement these days, why not show the world you are interesting with something more interesting then the regular greenish or blue check that everybody and their dog has. There are check designs, that you can get cheaper than regular bank checks, that make a statement about your unique personality and tastes. Heck, you can even use your check book as a conversation starter.
Checks don't have to be drab. You are going to have to reorder checks from your bank at some point so for your next check order consider saving some cash off what your bank charges and get a cool set of designer checks.
Crediteria has just partnered with some top companies that produce designer checks.
Make sure you visit the new section of the site for your next check order here.
I am sure that you will find a design to make your checkbook a lot more interesting.
Posted by Colin at 04:06 PM | Permalink | Comments (0) | TrackBacks (0)December 21, 2007
Teenagers Money and Credit Cards
Credit card debt is the bain of millions of people around the world. Getting into financial trouble because of the ease of which credit cards can be used is how most Americans get into serious financial crisis.
What if we had been taught how to use (or not use) credit cards when we were teens?
I have just published an article about credit cards for teenagers. By getting your teen a prepaid credit card now you can give them the education they need to survive as adults.
It is in your teens best interest to take an active roll in their financial education so by getting them a prepaid visa you can start teaching them about credit right now so they can avoid debt problems that can start creeping in when they are in college.
Make sure you take a moment to read my article on teens and credit.
Posted by Colin at 03:15 PM | Permalink | Comments (0) | TrackBacks (0)December 14, 2007
Revolution Money Launches Money Exchange - A New Face in Sending Cash
Steve Case's start-up Revolution Money has just released a payment system for Facebook. The new system is called MoneyExchange.
Money Exchange is an application in Facebook that lets you send money with no processing cost. So far Money Exchange is pretty much the same as PayPal, however by using the mega social networking site that Facebook is, Steve Case sees this as a method to enter a very competitive space and become a serious competitor to Paypal. While Money Exchange is not making money by providing this service the money will come via the Revolution Card which is a competitor to Visa and MasterCard.
The Revolution Card is positioned to compete with the well established Visa and MasterCard by under-cutting costs to the consumer making it a very attractive alternative.
Posted by Colin at 03:35 PM | Permalink | Comments (0) | TrackBacks (0)August 01, 2007
Allow Credit Card - Allowance and Responsibility
I have been looking around at various credit card offers and have been very intrigued by the Allow Card offer.
The Allow card is a debit card with the MasterCard logo.
Your teens can use this card in the same way as a regular credit card. The difference is parents fund the card and have access to all account activity.
This is a really great way to teach your teens about finances and responsibility. Best of all it gives your teens the sense of independence they crave while giving you full control.
It's a great way to get the teens in your home into good credit card spending habits at an early age.
I will be writing a full review of the Allow Debit Card as well as other debit card that carry the Visa and MasterCard logos.
Debit cards are the perfect way to get your credit card spending under control.
Posted by Colin at 09:00 PM | Permalink | Comments (0) | TrackBacks (0)July 18, 2007
Remove Emotion from Money
How you feel about money will impact your credit score. To get a grip on your finances you must learn why you spend on credit. Emotions are the driving force behind most spending. Let’s explore why you might be over-spending and come up with ideas to stop spending frivolously.
Since first entering the business of providing people like you with sound financial advice I have seen many people return their credit standing from very bad to excellent.
The problem most people have that leads them down the bumpy road of bad credit is their emotions rule their spending habits.
Case in point, my friend Susan recently had a relationship breakup and she was feeling down, depressed and lonely. With emotions bubbling over logic was certainly not prevailing.
Susan needed a mechanism to cope with the loss of her long term relationship. Rather than dealing with the emotions and coming up with ways to move on in her life Susan started feeling a sense of “I deserve everything life has to offer”. Off she went to the mall armed with her credit card. Susan bought the most expensive designer shoes, clothing and accessories she could find.
Wow! Did she feel great!
Yeah, she felt great for all of 2 weeks when the credit card bill arrived. Susan was faced with credit card debt of $2500. Susan is now more depressed than ever not only has her relationship broken down now her finances are a disaster.
Sure she has some great looking clothes but she can’t go out due to the credit card debt she amassed in such short order.
Emotional spending is typically what puts most people in bad financial situation.
The fact is life sometimes throws bad circumstances our way and when these down times come it is crucial that we recognize that there are emotions of hurt, pain and suffering going on and to combat those negative feelings our minds start to drift towards a sense of entitlement and deserving. It’s during those moments that we throw caution to the wind and spend like a hurricane.
Next time you are in a place of despair and grief recognize the emotions for what they are and most importantly put that credit card away. Over spending will only lead to longer term pain.
June 29, 2007
Credit Cards vs. Charge Cards
What is the difference between a charge card and a credit card?
Many consumers often confuse the terms credit and charge card and think they are the same thing.
They are not the same.
Let's explain the difference between the two cards.
Charge Cards:
A charge card is a card such as the American Express Preferred Rewards Green Card which allows you to charge items to your card and pay later. There is NO revolving debt associated with a charge card.
What is revolving debt?
Revolving debt means that you do not have to pay your entire balance in full every month. You pay a portion of the amount owing plus interest
When I say that a charge card has no revolving debt it means that you MUST pay the entire amount owing each and every billing cycle.
Credit Cards
Credit cards allow for revolving debt and charge you interest.
When you strip away everything, a credit card is really a loan with a high interest rate.
There is more involved with credit cards which I describe throughout Crediteria.com, however I thought I should distinguish the difference between credit and charge cards.
Posted by Colin at 02:18 PM | Permalink | Comments (0) | TrackBacks (0)June 19, 2007
Credit and the College Graduate
Have you just graduated from college and just landed your first real world job?
Now you are looking for a credit card but you aren't sure how to establish a good credit rating. Don't worry, you might already have an established credit rating because of a bill that was in your name. Possibly a phone bill, a cell phone, or other utility bill will usually report to the credit bureaus.
The first thing you should do is order your credit report and check your credit score.
FICO scores range from 300 to 850. A FICO score of 680 is considered good.
Once you know your credit score you can apply for the right credit card.
If your credit score shows above 680 then consider applying for cards with added perks such as points towards merchandise, gas or travel.
If your credit score is lower than 680 or you don't have a credit history then you should consider applying for a credit card with the lowest credit limit and lowest fees.
Out of all the credit cards I have reviewed I strongly recommend the Imagine card because it offers the best deal for establishing credit.
If you get the lowest credit limit, which at this time is $75, the fee is only $15. That's the cheapest way I have seen to establish or re-establish good credit.
Of course, you will have to make sure you are paying all your bills on time as well in order to boost your credit score.
Posted by Colin at 09:49 PM | Permalink | Comments (0) | TrackBacks (0)Low Interest Balance Transfer Credit Cards Caution
Most credit card companies offer a very enticing zero APR on balance transfers to get your business. Crediteria.com has listed some of the best deals on low interest balance transfer credit cards for your convenience however you must beware of the terms and conditions.
Transfering your balance to a low rate card is a very wise move. You can save tons of money on interest charges.
But do take note that the typical period you will receive the interest free period is for six to twelve months and after that rates will typically vary between 12.9% to 18.9%.
If you are serious about paying down some credit card debt then these cards are perfect however if you are late on just one payment the higher rate will instantly apply. Make sure you pay your bills on time and this will not be an issue.
A balance transfer to a low rate card is a very smart financial decision so start saving your money today and check out the best 0 introductory interest rate cards on the market right now. With each passing day you are losing money!
Posted by Colin at 12:56 AM | Permalink | Comments (0) | TrackBacks (0)May 30, 2007
Game of Life Set to Sell Visa to Kids
I just read a report at Kiplinger.com that mention Hasbro is re-launching what was one of my favorite childhood games, The Game of Life however they are going to be changing one fundamental aspect of the game.
Rather than using play money Hasbro will be having Visa cards.
I have to say there is no way that I am going to be allowing my kids to play the new Game of Life.
Come on Hasbro! They're kids, we're parents and we are trying to teach our children the value of hard cash. For the powers that be at Hasbro, your deal with Visa might be lucrative for you however think about what you're trying to teach my kids. Your Game of Life is a great game however you are now setting out to remove THE single most important educational aspect of the game and that's learning about managing money.
Now you are out to remove the value of money and teach kids from a very young age to use Visa.
Hasbro, are you trying to create a nation of poverty by teaching kids to use credit cards?
Darn it, I really loved the Game of Life but I have to let you know I will not be purchasing the updated Visa version of your game!
My kids are going to be taught the real value of money and are not going to be taught to use their credit card as the primary means of spending.
Posted by Colin at 01:15 PM | Permalink | Comments (0) | TrackBacks (0)May 25, 2007
Not Enough Cash To Pay Your Bills?
One problem many folks have when they start to slip down the debt hole is finding a way out.
It's incredibly easy to acquire debt. The burden of debt can really start taking it's toll on every one around you. With the greatest intentions you try plan after plan to eliminate debt but nothing seems to work. There's just not enough money to pay all your bills.
Feelings of depression and despair start to consume your every waking hour and you are losing tons of sleep.
You think, "if only I could get some overtime at work to pay of this debt" but that doesn't ever seem to pan out.
What can you do?
Is it possible to earn extra income consistently to pay off debt?
Yes it is possible!
There's currently an incredible deal on a training program that can get you earning more money and finally get you out of debt.
The program is called The Fly on the Wall Club , it will show you step by step how to make money online so that you can pay off your debt faster and get back to enjoying the peace that freedom from debt brings. The program runs for a full year. I strongly urge you to have a look into this and earn the extra money you need to pay your bills. Click here to have a look.
Imagine Credit Card Review
I am writing this review of the Imagine credit card today because I just received a phone call today from a visitor to crediteria.com asking me what is the best credit card for a person with bad credit.
Louise was in a position where some bad choices from the past put her in the spot of having a horrible credit rating and now after some soul searching Louise is ready to fix her credit score.
The reason I recommended the Imagine credit card to Louise was the fact that the Imagine card offers the ability for people with bad credit to rebuild their credit score by using a card with one of the lowest fees available.
The Imagine card provides a low line of credit option of $70 with an annual fee of only $15.
No, it's not a huge line of credit and that's a really good thing! Having a small credit limit will prevent you from getting into financial trouble and will help you restore your credit rating.
The fact is that when you have bad credit there are much higher fees. The Imagine credit card keeps your fees low and reports to the credit bureaus which means you save money on bank fees and you get to restore your credit rating.
Read more and apply online for the imagine card here.
Posted by Colin at 01:40 PM | Permalink | Comments (1) | TrackBacks (0)
May 12, 2007
What's Best to Pay Credit Cards
I am often asked:
What is the best way to pay off credit cards?
Well, my friend, the best way to start chipping away at credit card debt is to just get off your butt, stop watching TV, invest your time into creating a business.
Yup, that's right, get off your lazy ass and do something different.
How much time do you spend watching the tube?
Rather than sit there rotting your mind and letting your debts just accumulate, why not take action now to change your world.
Yeah, I was once in your spot. Massive credit card debt, not enough money to cover the bills...
But, I took action...
I tuned out on TV and tuned in to creating a better financial situation for my family...
Now I live in a world of abundance, I feed hungry poor people, I enjoy abundance in every day life!
I want you to enjoy the lifestyle I do.
It's a lifetyle that will pay off lots of debt and provide the best financial picture for you and your family...
Yes, I do have a training program...
Yes, I am charging for it....
No, I am not going to rip you off, I want to help!
My philosophy is to help people...
Yet I truly want to help...
So, I have created the best program to help pay off credit cards and all your debts and provide a sustainable source of income for you.
An income that YOU are in control of.
Decide how much you want to make, devote your energy and you will make a success story for yourself.
Check out my training program here
Posted by Colin at 01:24 AM | Permalink | Comments (0) | TrackBacks (0)April 24, 2007
Save Money Get $25 Now
If your household is like mine, you are always searching for ways to make your money go farther. We have been thinking about buying all kinds of stuff for our house and I noticed these really cool offers, the At Home Rewards and SavingSmart premier shopping program.
I have just joined this because of the great savings plus the little extra, a $25 free gift card from Circuit City. I love that store!
If you shop at any of these stores
A Pea in the Pod
Barnes & Noble
Bass Pro Shops
Bath & Body Works
Best Western
Blockbuster
Borders and Waldenbooks
Brunswick Bowling1
Champ Sports
Dillard’s
Dress Barn
Foot Action
Foot Locker
Harry & David
Jackson & Perkins
KB Toys
Kid’s Foot Locker
Lady Foot Locker
Lands’ End
Lillian Vernon
Linens ‘n Things
L.L. Bean
Lord & Taylor
Macy’s
Mimi Maternity
Motherhood Maternity
Nascar.com
Orvis 2
Pier 1 Imports3
Sears
The Sharper Image
SonyAwards
Spa Finder
Sports Authority
Sunglass Hut
Timberland
Watch Station
White Barn Candle Co
Bon-Ton,
Elder Beerman
Staples.
If you shop at any of these retailers then I highly recommend that you should take advantage of the membership savings.
Sign up for your rewards program here
Currently you will get a $25 Circuit City gift card as well but I'm not sure how long that will last so take advantage of the saving today
Posted by Colin at 11:54 AM | Permalink | Comments (0) | TrackBacks (0)March 15, 2007
HSBC Offers High Interest Savings
I just read that HSBC is offering an interest rate of 6% on new money until the end of April. While this sounds very enticing to move any savings you have over to a higher interest account it might not be worth it for you.
Let's say you carry $5000 balance on your credit card and you happen to have $2000 in a savings account. Then you see the HSBC offer and think to yourself "Hey, look at that savings account! I can earn more if I move my money into that account".
Well, my friend, you won't actually make any money. Your credit card balance is likely incurring an interest rate of anywhere between 17% and 28%. You would be getting much further ahead if you took that $2000 in your savings account and applied it to the balance of your credit card.
Paying off high interest credit cards should take top priority!
Posted by Colin at 08:21 AM | Permalink | Comments (0) | TrackBacks (0)February 07, 2007
How Are Your New Year Credit Card Resolutions Going
We are well into 2007 and I know many of you resolved to lower your credit card spending.
With the post holiday sales being over and done with for another year. It's time to reflect on your current spending behaviours.
Have you changed your habits?
If you haven't changed the way you are using your credit cards and find yourself sinking further and further into the oblivion of debt then perhaps you should go back to square 1 and think about why you are spending.
Over spending in most cases is due to some emotional need that isn't being fulfilled.
Are you in a relationship that is less than satisfying?
Usually that's the case. When you are in a relationship where you are not feeling on equal ground you might tend to want to show control. The control you desire, you seek in spending on things for you. In a sense, what you are doing is saying "see, I am in control and I will do what I want!"
This is a very dangerous path to follow because you are not focussing on solving the problems in a relationship and in fact you are making things worse.
When you behave in this manner you not only have relationship problems, you will have huge money problems.
Before you venture off to the mall to demonstrate your need to be in control, seek help in your relationships.
Get your emotional problems solved first and soon your money problems will also be solved.
January 11, 2007
Credit Card Bills Rolling In
Now that the holiday season has come to an end and we are nearly half way through January the credit card bills from the holidays have started to arrive.
Many of my readers have mentioned that they wish they had listened to my advice and not used their credit cards so heavily during the holidays.
If you are in the position where you feel like you are sinking in credit card debt begin now and pay more than your minimum payment. Every extra dollar that you can pay down immediately will be applied directly to the principal balance owing and this will help you get out from under credit card faster.
In order to pay more than the minimum amount you might need to make a few sacrifices such as taking the bus to work. Perhaps you might have to cut back on your entertainment budget. It is important to find ways to come up with extra cash to chip away at your balance owing on your credit card.
Posted by Colin at 04:18 PM | Permalink | Comments (0) | TrackBacks (0)December 30, 2006
Managing Credit Card Debt in 2007
Have you made any strives forward in getting a grip on your credit card debt for 2007?
Where I live 2007 is now 24 hours and 6 minutes away!
Here is what I did tonight:
1. Logged in to my online banking account
2. Noticed that I had $299.56 on my credit card
3. Clicked a few buttons and entered the amount $299.56
4. Clicked the Transfer Funds button
5. Saved myself in interest charges by following the above 4 simple steps
Now, you are a little frustrated because you can't just clickity click your way out of debt.
Nope, you can just click your way out of debt. So if you find yourself in a position where you can't just go pay your full balance what are you to do?
It is this simple:
Don't use your credit card so frequently!
If you don't have the cash, don't buy on the credit card.
For 2007, I am dead set on saving a fortune in interest charges and socking away over $1 Million.
Here is my plan of attack:
1. I cut up my bank debit card
If I have to take the time to go to the bank to get cash, I will spend less. The convenience of ATM machines and point of sale debit systems make it far too easy for you to spend.
So, get rid of your debit card
2. When I use my credit card, I pay the balance within 72 hours
Use online banking to make sure you pay your balance within a few days. If you find that your credit card use is draining your bank account, then maybe you need to cut up your credit card as well or at least until you think you can get your spending under control.
Hint: If you are spending too much it is likely there are emotional issues that you have not tended to. Take care of whatever ails you, then get another credit card.
3. Use my interest savings to pay off other debt
I have a line of credit from quite some time ago that I slightly abused. The interest charges are huge!
Now, I am taking the money I am saving in interest on my credit card and applying that directly to the line of credit.
4. Invest in stocks, bonds and mutual funds
Within a few months my line of credit will be paid off because of the extra money that I am saving on interest charges from that darned credit card.
As soon as the credit line is paid, all the savings will be applied to investments which will grow my money at a rapid rate if I watch my investments closely
I am at a bit of an advantage because I operate my own marketing business so I have the ability to earn more without having to ask a boss for a raise.
Follow my advice in the above 4 steps and you will be a lot closer to being financially free by the end of 2007. Maybe consider starting your own marketing business.
Not sure how to start your own business?
I can help!
I will be launching training for those who want to earn a little extra cash in early 2007. I will provide you with the exact steps necessary to launch your own home based business.
To find out more please leave a comment here or visit my site veoreport.com for more information.
Wishing you the best for 2007!
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December 26, 2006
The Right Way to Reap Credit Card Rewards
There is a right and wrong way to do everything in life, including the use of a rewards credit card.
Here is a story about the right way to use a credit card to actually benefit from the rewards:
This story begins with waking on the day after Christmas, swearing that I would never go near a mall to face the post-Christmas sales and crowds that go along with it.
Somehow, my wife talked me into heading over to the mall to pick up some items she absolutely had to have today.
Why today! Out of all the things I never wanted to do was head off to face the bargain hunters!
OK, I went; I picked up the items she needed.
Since I managed to find parking for my vehicle I thought: What the heck, why not drop off the stuff I picked up for my wife in the truck and head back in to see if I could find a bargain myself.
After all I did manage to find parking (and parking was at a premium), I really didn’t want to give up my spot after having to hunt for 30 minutes.
So it was back into the mall and I did find a bargain on a tripod that I had been considering purchasing for quite some time. The tripod was on sale for $50, normally the price was $250. I snatched up the last one on the shelf and paid for it on my travel rewards credit card.
Happy as can be for getting such a great deal on my tripod and earning a few points towards my next trip with my credit card purchase I ventured home again.
Here is where I actually benefit from the travel rewards points:
After showing my wife my new tripod and putting away all the other stuff I bought, it was off to the computer to login to my online account and pay off the purchase immediately.
Now, the merchandise has been paid for, my credit card balance is once again at 0 and I earned points towards free travel.
Paying your rewards credit card off prior to incurring interest is the way to truly earn a benefit. If you don’t pay off your balance, the rewards could be quickly offset by the interest charges.
Start doing this yourself and you will do 2 incredibly great things for yourself:
1. You will be conscience of all credit card spending and will avoid acquiring more credit card debt than you can handle.
2. You will get free stuff from the rewards offered on your credit card account
Perform the one simple step of paying your credit card balance immediately and you are well on your way to living a more prosperous life!
December 22, 2006
2007 Eliminate Debt with Credit Card Rewards
2007 is only days away now and I am set on helping you get out of debt!
Now is the time to take action and start digging out of the debt trap you are in.
How do you go about eliminating debt with a new credit card?
The answer is simple but will take some discipline on your part, here is a quick "how to get out of credit card debt" plan for you:
1. First of all check out the offers I have listed here:
Chase credit cards offering 0 APR
and here:
2. Select the additional rewards that are right for you.
Consider how much driving you do, maybe the Chase PerfectCard offering gas rewards will be of the greatest benefit to you or maybe the Bank of America WorldPoints Visa is the card for the jet setter lifestyle
3. Now that you have chosen the addtional benefits:
The real benefit comes from having interest savings.
Make note of how much you are paying in interest charges.
Transfer your existing balance to one a 0 intro APR card (see links above)
Take what you have been paying in interest and apply it to the balance owing on your high APR credit card.
If you do this, you may not eliminate all your credit card debt in 2007 but you are well on your way to digging out of the credit trap that has been set.
If you listen to this advice RIGHT NOW, I know you will be thanking me by summer time.
If you ignore my words of wisdom you will be saying "darn, I shoulda listened to that guy at Crediteria.com"
Now get out there and start reducing that darned credit card debt of yours!
December 16, 2006
Eliminate Debt by Taking Advantage of Declining Inflation
American consumers can breathe a sigh of relief because inflation is on a downward trend. Prices on most consumer goods are falling which is directly correlated to the decline in fuel costs.
When gasoline prices drop a ripple effect is seen throughout every industry.
Groceries are cheaper, clothing costs less and I could go on to talk about every other item you purchase on a regular basis. The reason for this is everything you purchase from a store arrives via a truck. When the shipping cost is less so too are the goods you buy because transportation costs drop.
The news is met with open arms by every family in America especially during the holiday time of year.
Now what?
OK, getting back to preaching what I preach.
Eliminating your credit card debt in 2007, in a previous post I spoke about using your Christmas money to apply directly to the balance on your credit card and then continue to pay off the same amount you previously were paying to accelerate your debt reduction.
Opportunity is staring you straight in the face. Your fuel costs are down.
Somehow you have managed to make it paying higher gasoline prices. Now what you need to do is apply what you were previously paying for fueling your car and slap that down on your credit card principle.
Yeah, I know it was painful to pay high gasoline prices and you couldn’t wait for some relief from the soaring inflation rate. You did make it though.
Now continue to “feel the pain” of paying the exact same amount every month when gasoline was at all time highs.
What I am getting at here is the fact that you figured out a way to pay higher prices on everything now just continue to pay out the same amount but now that “pain” is going to relief.
If you follow this simple advice you will be out of debt faster than you ever imagined and the pain will be gone.
Think about, your boss likely isn’t going to give you a raise because gasoline costs more. You better believe that gas prices will rise again. The big difference the next time inflation soars out of control, you will be in control because you won’t have the lurking credit card debt pulling you down.
WooHoo Canadian Money on the Decline
This is great news for Canadian businesses. I know for myself this is the best news I have had in my business for quite some time!
Yes, I live and work here in Canada and watching the mighty dollar plunge compared to U.S. currency is awesome!
Why? Because I will earn more as every dollar I make is paid in United States currency.
I know what you are likely thinking, something along the lines of “you greedy SoB, taking joy in the drop in the dollar for your own personal gain”.
Yeah, that might be somewhat true. As our dollar drops, I do earn more but as I earn more it is an instant increase in my cash flow.
You say “So what”.
So what!!! My business makes more and with an instant increase in earnings I can now hire more people without having to work harder to grow my business to pay another employee.
That’s right, the dollar drops, I earn more and I employee another Canadian.
Just like that somebody looking for a job can now provide for his/her family all because of a weaker Canadian dollar.
I have more info about the declining Canadian dollar here
December 15, 2006
What To Do With Christmas Cash
You will likely open a Christmas card this year and find a cheque or cash inside.
I know my parents, even though I am 37 years old and doing very well, still stuff a little cash in my Christmas card every year to go buy myself something nice.
When you get that cash rather than rush off to buy a frivilous gadget, why not use it to get the new year off to a better start.
Use the cash for freedom! Huh? What am I talking about?
Take every dollar you receive in Christmas gifts this year and apply it immediately to your credit card debt.
Here is what I suggest you do:
1. Write down how much you are currently paying on your credit card, most people make only the minimum payment required.
2. When you go to cash your cheques, don't cash them. Use the money to pay off some of the principle owing on your charge card.
3. Every month continue to pay at least the same amount that you were paying prior to making the extra "Christmas bonus" payment. In fact try to find just a few extra dollars to pay on your balance.
If you adopt this habit every time "free money" shows up in your wallet you will accelerate the pace of paying off your credit card debt.
No, it isn't immediate gratification but it will be incredibly rewarding as you dig your way out of debt.
Make 2007 the year you become credit card debt free!
Posted by Colin at 08:45 PM | Permalink | Comments (0) | TrackBacks (0)December 13, 2006
Reviews of Canadian Credit Cards Finally Arrives
As a Canadian that is doing business in the US for the most part I felt that Canadian consumers have been underserved when it comes to real reviews of card credit cards and other financial products.
Today, I am putting an end to that! Canadians will get reviews on card offers available in the Great White North. Take off, eh?
Now for all us hoseheads (Yeah, I happen to have a copy of Bob & Doug McKenzie on CD and it's still funny after all these years!)
I have posted my review of one of the cards I carry.
Please send me your reviews either via posting a reply to this entry or sending my an email at info@crediteria.com
Please include: credit card name followed by review in the subject of the email so that I can easily identify it.
Your name will NOT be used in the review. Let's make Canada a better place by exposing the bad credit cards and highlighting the good ones!
Be sure to visit and bookmark the Canadian credit card reviews - Visit often and let me know your thoughts.
Posted by Colin at 10:47 PM | Permalink | Comments (0) | TrackBacks (0)