A Beginner’s Guide To Chase Slate

June 17th, 2013

Slate from ChaseFor most people, the Chase Slate is the best balance transfer credit card on the market. It offers 15 months of interest free financing on both new purchases and balance transfers, and is the only card with a 0% APR balance transfer offer and no balance transfer fee.

So how can cardholders make the most of this card? Follow these steps:

First, the Slate card may not make sense for everyone. For example, cardholders who have debt in an existing Chase account cannot transfer it to their Slate card.

Next, it is important to apply as soon as possible. Each day that goes by means that applicant’s existing debt is continuing to accrue interest charges. The sooner one applies, the sooner applicants can receive the card, perform the balance transfer, and stop paying interest.

Also, note that the promotional balance transfer offer is only valid for the first 60 days after opening an account. [click to continue…]

How Much Have You Spent on Interest in 2013?

June 15th, 2013

dec-best-0aprFor those with credit card debt, every statement can be a painful blow. Each month, cardholders see a new balance with another large interest payment. But what is worse, is the total amount of interest being paid throughout the year. And while it won’t be fun to learn the answer, it is important to know what the amount is, and what you can do about it.

For every $1,000 of debt, cardholders will pay $10 a month in interest at 12% APR,  $15 a month at 18% APR, and $18.33 at 22% APR. So if a cardholder has had an average of  $1,000 of credit card debt from January to April, that equates to $40 at 12% APR, $60 at 18% APR, and $73.33 at 22% APR.

And of course this is for each $1,000 of debt. [click to continue…]

Discover it – Which Offer Should You Apply For?

June 13, 2013
Discover it – Which Offer Should You Apply For?

Earlier this year, Discover ceased offering most of its products and unveiled their new “it” card. The “it” card features 1% cash back on all purchases, and 5% back on purchases from selected categories of merchants that change each quarter. But in addition, “it” also features 0% APR promotional financing on both new purchases and [...]

Continue Reading →

June’s Best Credit Card Values

June 12, 2013
June’s Best Credit Card Values

This June, credit card users continue to enjoy fantastic value from their reward credit cards. And while many products offer points and miles, some of the best cards feature cash back for spending and as a sign up bonus. Citi ThankYou® Preferred Rewards Card This Citi card now offers a sign up bonus of 15,000 [...]

Continue Reading →

Best Balance Transfers For June

June 10, 2013
Best Balance Transfers For June

This summer, credit card users with debt are still able to take advantage of some of the top promotional financing offers. This ‘golden age’ for credit card users continues as there are several great products available with 15 months of interest free financing or more. Discover it New for 2013, the “it” card features 18 [...]

Continue Reading →

What You Should Know Before Traveling Outside The United States With Your Credit Cards

June 6, 2013
What You Should Know Before Traveling Outside The United States With Your Credit Cards

Credit cards are convenient and powerful financial instruments, but they are not magic. In fact, many of their “powers” change when traveling outside of the United States. So as you organize your wallet for your big international trip, consider these important aspects of your credit card: 1. Inform your banks. If you were siting at home [...]

Continue Reading →

Chase Improves Ultimate Rewards Program

June 4, 2013
Chase Improves Ultimate Rewards Program

The sign of a strong and healthy credit card rewards program is its constant improvement. And at a time when some loyalty programs are being devalued, it is always nice to see a program increase the value of it points. Chase has done so by recently adding  Virgin Atlantic as its 10th Ultimate Rewards point [...]

Continue Reading →

Rewards Pro – Why I Don’t Care About Airline Status

May 22, 2013
Rewards Pro – Why I Don’t Care About Airline Status

Airlines have traditionally structured their frequent flier programs to reward their most frequent fliers, of course. But at the same time, their co-branded credit card users seem to have become more valuable to the airlines than those who actually purchase tickets. And when you combine this fact with other recent airline industry trends, it becomes [...]

Continue Reading →

← Previous Entries