Cash Back Credit Card - The Ultimate Reward Credit Card

By Bradley Carson


The credit card industry has become so competitive, a new and
more creative credit card reward offer is being announced almost
daily. If you play your cards right, you can make the financial
institutions pay you to use their card. Some consumers consider
a cash back credit card the ultimate reward credit card. Nothing
is sweeter than receiving a check in the mail.

So you think there is a catch to this? Well, there is. You just
have to know how to handle the cash back credit card. Read the
fine print and make a few rules of your own to make you the
winner and laughing all the way to the bank.

Many reward credit card offers give you options of how you want
to spend your bonus points. But if it's cash you're looking for,
you need to be sure a choice of cash back is included.

Not all reward credit card offers include a cash back feature.
You may want to look under the cash rebate credit card option
online. You also need to be sure it includes the cash back for
all purchases. The cash back credit card offers generally come
with no annual fee.

To make the most of a cash back credit card, you need to charge
just about everything. That's right, everything which includes
what you normally pay cash for. This includes groceries, that
quick trip to the drug store and hardware store.

The trick is to set aside the amount spent each time you use
your card. You might even consider deducting that sum from your
check book and keep track of it in another portion of your check
register. That way, when the bill comes at the end of the month,
you can pay the entire balance due. You don't want to pay
interest that will eat up any savings you've built-up.

The result,... you've accumulated bonus points, which when they
reach the redeemable level, you'll receive a check in the mail.
Some cash back credit card offers issue a check each time you
reach a limit of $25, while others issue a check at the end of
the year.

Either way, if you follow this simple plan, you can be the
winner here. A cash back credit card can save you hundreds of
dollars a year.

Oh, one more thing. If you want to be even more of a winner
with this plan, use that cash back check to open an interest
bearing savings account. That would make the cash back credit
card the ultimate reward credit card!

About the Author: Bradley Carson is the editor and webmaster of
Apply Online For A Credit Card at http://www.cards-king.com, a
website created to bring concise credit card information and
introduce top credit card offers from premier financial
institutions.

Source: http://www.isnare.com

Permanent Link: http://www.isnare.com/?aid=66666&ca=Finances

Capital One Credit Cards: Card Offers For All Credit Types

By Ed Vegliante

No matter where your credit stands, Capital One has a credit card just for you. Want cash back but have less than perfect credit? You can get a cash rewards card from Capital One. Want to be awarded for your history of on-time payments? Capital One offers extra incentives for those with excellent credit. From customized cards to “no hassle” rewards, you’re bound to find a Capital One credit card that fits both your credit score and style.

A Card for your Credit
Capital One offers cards for all types of credit, including excellent, above average, and those that need improvement. If you have above average credit and want to receive cash back,consider Capital One’s No Hassle Cash Rewards Card. With this credit card, you’ll receive 1% cash back on all of your purchases. It has no annual fee, and you’ll enjoy a 0% interest rate on all you buy until June 2008.

If your credit needs improving, you may still be eligible for a similar credit card. The Capital One No Hassle Cash Rewards card offers the same program. You’ll get 1% cash back on purchases.Because it is geared for below average credit, it has an annual fee of $29. This card has a 0% interest rate on purchases until March 2008.

Many Capital One credit cards operate in a similar fashion. You can choose the benefits you want, whether that be cash back,miles, or a low interest rate. Then match those benefits to your credit rating. You’ll come away with a credit card designed specifically for your needs.

Understanding your Credit Score
Since many of Capital One’s cards cater to different levels of credit, it is important to understand how that credit score is determined. The most important factor is your payment history,which contributes to 35% of your total score. Paying at least the minimum due on your credit card over a period of time will significantly boost your credit rating. Your length of credit history and the types of loans you have are also taken into consideration.

The “No Hassle” Perks
Many credit card issuers offer rewards programs and Capital One is no exception. However, Capital One works to streamline the process, making it easier for customers to calculate their rewards. For example, some credit card companies offer a layered cash back program. Customers may earn less than 1% for the first$1500 they spend, and then a higher percentage for the next$1500, and then a different rate after that. Sound confusing? It can be. To simplify the process, Capital One offers a straight percentage rate for cash back and rewards. This lets you know what you’re earning for each dollar spent, no strings attached.

If you want a credit card that issues miles as rewards, you’ll find a similar “no hassle” feature. Capital One offers 1.25miles for every dollar you spend. So as you swipe your card, you can immediately calculate how many miles you just earned. That is a simple process compared to many other travel reward programs.

Capital One offers card options that fit your credit needs. Its hassle-free features help you calculate your cash back and travel miles. A Capital One credit card may be your ticket to headache-free rewards.

About the Author: To View Capital One Credit Card Offers click the following link:http://www.credit-card-surplus.com/capital-one-credit-cards.php. Ed Vegliante runs http://www.credit-card-surplus.com/ , a directory helping consumers to compare and apply for credit cards.

Source: http://www.isnare.com/
Permanent Link: http://www.isnare.com/?aid=185386&ca=Finances

7 Ways Credit Cards Can Be Good For You

7 Ways Credit Cards Can Be Good For You
By Jerry Work

You read a lot these days about the debt crisis in our country and how many people have way too much credit card debt (often, on top of house payments they can't afford). I'm going to take a little different approach in this article. Yes, if you let them get control of you, credit cards can cause you much grief. But if managed properly, credit cards can be beneficial to you. Here is my list of the top seven ways that credit cards can be good.

1. Credit cards provide security in case of emergencies. There are going to be times in your life when you have to make an emergency payment. Or maybe it's not an emergency, just something that needs to be paid for which you absolutely don't have the money. In these instances, having a credit card can be a life saver.

2. They can help you build your credit rating. Of course, they can also help you ruin your credit rating. The key here is discipline. You must make it a priority to make timely payments on your card. Don't be late a single time. Paying your bills online may help you stay on top of things.

3. Credit cards travel light. They mitigate the need to carry excess cash. It is much more convenient, and safer, to walk around with a credit card in your wallet than it is a lot of cash. You are much less likely to get mugged over a credit card than cash.

4. They can be canceled. If you lose or have stolen a credit card, you can call your credit card company and cancel the card. No harm done. Try doing that with cash. It just doesn't work. Who would you call? Cash is what you might call a bearer security - whoever has it in his hands, owns it.

5. They give you flexibility. Credit cards give you the ability to make a purchase now and spread payment out over time. Unfortunately, this feature of credit cards is what gets most people in trouble. You are best served by exercising great discipline when it comes to buying things that are not necessities.

6. Credit cards can generate rewards. These can come in all kinds of different forms. Some credit cards give cash back. Some give airline miles for reduced or free flight time. Some let you earn free stays in hotels. But don't get caught up in using your credit cards just to earn rewards. You're better off using your card lightly and paying your balance every month than you are spending more than you can afford just go get a reward.

7. They can provide you with business funding when there are no other sources available. Many businesses have been started with credit card debt. It's definitely not the cheapest form of financing, but it's there if you need it.

So there you go - seven reasons why credit cards can be good for you. There was never anything inherently bad about credit cards. The problem is that people get carried away. It is very easy to forget that you are borrowing money when you use your credit cards. Debt is best left for times of emergency or when making major, important purchases. If you maintain your discipline, your credit cards can be very strong allies. If you find yourself crushed by credit card debt, then it might be time to consider a consolidation loan, in which a loan is taken out to pay off all of your credit card balances. Once that is done, forget about using your credit cards and just concentrate on paying off the loan.

ClearOne Debt Relief is a full-service debt management company providing debt settlement services such as credit card debt relief to hundreds of thousands of customers. We help people cut their debt in half, lower their monthly payment, and get out of debt in as little as 24 months.

Article Source: Articles island - Free article submission and free reprint articles