Not everyone loves their credit cards. When a payment arrives late by accident, cardholders may have to pay expensive late fees and interest charges, and their APR may even rise to a much higher penalty interest rate. Frankly, some credit card users have no interest in giving their business to a company that is bent on penalizing them.
Citi Simplicity® Card
Thankfully, there is one credit card offered that has no penalty interest rate or late fees, ever. The Citi Simplicity® Card does away with those punitive fees, and has no annual fee either. In addition, it offers the longest promotional terms of any offer currently available. New cardholders receive 18 months of interest free financing on both new purchases and balance transfers, with a 3% balance transfer fee. [click to continue…]
The airline industry has finally become profitable on a consistent basis, and some carriers are now actually doing quite well as the industry consolidates. These trends might explain why carriers are being less generous with their frequent flier programs.
They are still handing out plenty of miles from their credit cards, although both Delta and United will be offering fewer miles to most travelers starting next year. Instead, airlines are making it more and more difficult to redeem miles for award travel at the lowest mileage levels. Customers are being asked to spend more miles of the same seats, and the award seats that are being made available are often ones that were heavily discounted anyways.
As a result many cardholders are only receiving 1 – 2 cents in value for each mile earned from their credit cards, and often even less. Since most airline credit cards offer just a single mile per dollar spent, cardholders are right to ask themselves if these frequent flier miles are still considered competitive rewards. [click to continue…]