Thursday, June 30, 2011

How Much Would You Pay To Gain These Aspects Of Credit Cards With Cash Rebate?

Credit cards with cash rebate incentives give you cash rewards each and every time you make a purchase with your credit card.  Although there are many types of reward credit cards out there, more and more companies are leaning towards cash back incentives, as most people prefer to receive cash back over any other type of reward.

For many, getting cash back is far preferred over air miles, items, or any other reward.  If you like to use your credit card often, then you’ll find that cash rebate credit cards will give you a lot of money in return.
Normally, these types of credit cards entail higher fees and APR.  You don’t want to carry a high balance on these cards at any time, as it normally ends up very costly.  If you can off your balance at the end of the month, then your APR won’t affect you.  Paying off your bill will also allow you to take full advantage of the cash rebate reward.

The percentage of cash back will vary, although most normally have 1%, with 5% being applied with certain purchases.  For every purchase you make using your cash rebate credit card, you’ll get a small amount of cash back.  Using your credit card on a frequent basis will give you a lot of cash back at the end of the year.
If you make big purchases, you can get a lot of cash back by using your credit card, although some may have a limit on just how much of a rebate you get back.  If you plan to purchase large items such as furniture, you should check into your cash rebate credit card and find out what the rebate is on these types of purchases.  The better rebate cards will normally send a lot of rebate cash your way just for purchasing some of the larger items.

Before you get a cash rebate credit card, you should always find out how much of a reward you will be getting with each purchase, and what the limit may be.  Once you have reached the limit, some banks will either send you a check, deposit the reward into your bank account, or simply add the reward to your credit card.  All three are wise options, although most prefer to have the money added to their bank account - so it can help draw some interest.

If you research the rebate card and find out what other features are included, you’ll normally come out a winner.  Make sure you inquire about the credit limit, fees, and other things that you feel you should find out.  Once you have researched and found out what you need to know - you can get a cash rebate credit card and begin living life knowing you will be getting cash back for just about anything you purchase.

Thursday, June 23, 2011

Credit card debt consolidation

What is ‘Credit card debt consolidation’?


‘Credit card debt consolidation’ is a phrase that you must have come across many times. There are hundreds of sites with advice on credit card debt consolidation. Every now and then your favourite newspaper will also contain an article or advise on credit card debt consolidation. TV channels host discussions on credit card debt consolidation. Moreover, there are numerous consultants and companies that provide professional advice on credit card debt consolidation. So what is this “Credit card debt consolidation” that everyone is talking about? Why is it such an important topic?

“Credit card debt consolidation” refers to consolidation of the debt on various credit cards into a single credit card (or a couple of credit cards). Generally, you move from a higher APR credit card to a lower APR one. You might ask ‘why?’ If you look into how the vicious circle of credit card debt works, you will immediately understand the logic behind that. Credit card debt grows in 2 ways. One is due to addition of new debt on account of fresh spends on your credit card and the second is due to addition of interest charges to the existing credit card debt. The first one is due to your use of credit card but the second one is due to interest charges which are calculated on the basis of the interest rate or the APR applicable to your credit card. So a lower APR rate means that your credit card debt will grow at a slower pace and hence switching over to a card with lower APR makes perfect sense.

The process of credit card debt consolidation is also referred to as balance transfer process (you transfer the balance or debt from one credit card to another).The credit card debt consolidation (or balance transfer) offers are made even more attractive by the credit card suppliers by associating various benefits with them. The simple logic behind offering these benefits is the fact that such a customer would be defecting from one of their competitors. The biggest benefit offered by these credit card suppliers is 0% interest on balance transfers (or credit card debt consolidation). This 0% APR is generally applicable for a short period of time i.e. 3-6 months, after which the standard APR is applicable. Other credit card debt consolidation offers include things like interest free purchase for a short period, reward points, etc. These credit card debt consolidation offers make the exercise of credit card debt consolidation even more logical and meaningful.

Credit card debt consolidation seems to be a good way of tackling the problem of credit card debt and that is the reason why there is so much of discussion on the topic of Credit card debt consolidation.