Featured Links

Other Topics




Quote of the Day

"The hunger for love is much more difficult to remove than the hunger for bread."

Mother Teresa








 




 
Featured Credit Cards Articles

Chase Credit Cards: A Look At The Top 3
Not too many people know this, but there are over 900 different Chase credit cards for consumers to choose from! Yes, the number you read is correct. With most of these cards being "affinity" cards, meaning having direct tie-ins with a store, or with ...

Credit Cards & Identity Theft - Online Fraud
Recently, my personal credit card account number was compromised. Is this going to stop me from continuing online transactions? No way. This article is about basic credit card security and what to do if you find your number is hacked. It also contains ...

Credit Cards Online - Where to Start?
Are you thinking of changing credit cards or looking for a new one? Where do you start to look when comparing credit cards? Let's talk about where we compare credit cards services and prices online. If you are still in the "shopping" phase of comparing ...




Cash Back Credit Cards - Something for You?
 
Ever heard about cash back credit cards? Getting a credit card that offers cash back always sounds like a good idea. What could be better than getting cash back on all the purchases that you make with your credit card? It sounds too good to be true, doesn't it? Well, there are credit card companies that issue cards that give you free cash, but it is usually only around 1% cash back. However, free money is free money, right? Well, sometimes.

If you are among people that like to buy a lot of things in one month, this kind of credit card probably sounds great to you. However, you need to keep in mind that they are not going to give you cash back on every purchase that you make. Even if they claim to give you cash back on every purchase, they will only give you up to a certain amount per transaction. The company also has a strict limit on the amount that they will give back to their customers. If you read the little, bitty print on the form that you signed, you will see a paragraph with their limits in the terms and agreements. This is another way to try to draw in new customers for these companies. It is a good credit card to have and sounds great in theory, but they will have to check your credit rating before they will give you their card.

You should research different companies to see what they are offering. You may be surprised to find a cash back credit card that offers you just what you need and want with a high cash back percentage, few limits on the amount they will give you back, and instant cash deposits when you make each purchase with their card. Although these credit cards seem like a great thing to have, some companies will need your credit rating to be great too. However, there are credit card companies that offer these cards to people with a low credit rating to help them rebuild their credit. Research all of your options.

What should your decision be? If you have a good credit rating, then this card is a great option for you. I recommend that you research different card companies - there are cards out there that offer you up to 3% cash back and impose very few limits. If, however, you have a bad credit rating, you may want to find a credit card that will help you rebuild your credit.

About the author:

Terje Brooks Ellingsen is a writer and internet publisher. He runs the website 1st-In-Loan.net. Terje gives advice and helps people with personal financial issues like debt help and other debt issues as well as consumer or personal loan



Credit Cards News


Credit Card Balances down 28% with New Credit on the Rise
MarketWatch (press release)
ATLANTA, May 24, 2012 /PRNewswire via COMTEX/ -- According to Equifax's May National Consumer Credit Trends Report, existing bank credit card balances as of April 2012 were 28% below their peak. Balances were $531 billion in April 2012 compared to ...
Credit Card Balances Decrease 28 PercentACA International
Lenders Writing Off Fewer Consumer LoansBank Technology News

all 11 news articles »

Card debt still choking low, middle incomes
Chicago Tribune
Forty percent have turned to their credit cards to cover basic living expenses such as rent, mortgage bills, groceries and utilities, according to a national survey by think tank Demos. Those surveyed were low- and middle-income people who carried a ...


TIME

What's a Good First Credit Card to Build My Credit Score?
U.S. News & World Report
By Daniel Bortz Getting your first credit card is a critical first step into adulthood. With a line of credit comes a new level of maturity, and the decision about what card to start out with should not be made lightly. But before you venture out for ...
Best Credit Cards for High School, College GraduatesFox Business
Stay-at-home moms fight credit card biasMSN Money
The Top 5 Flexible Travel Rewards Credit CardsTIME
Debtmerica Relief -New York Times (blog) -CNNMoney
all 22 news articles »

Credit Today

FICO Reports UK Credit Card Delinquencies Have Fallen to Two-Year Low
MarketWatch (press release)
For so-called "classic" (non-premium) credit cards, less than 5 percent of the balances on all cards were 30 days delinquent in March, which represents a two-year low. In February and March, the percentages of accounts that were 30 days delinquent also ...
Credit card delinquencies hit two-year lowCredit Today

all 8 news articles »

Glacier Credit Card Trust Raises C$200M From Debt Issue
Wall Street Journal
TORONTO (Dow Jones)--Glacier Credit Card Trust raised C$200 millon (US$195.3 million) from an issue of asset-backed securities, according to people familiar with the matter. The offering was priced at 138 basis points over the relevant Government of ...

and more »