It’s no fun to be penalized by your credit card issuer. Yet that is what most banks do when cardholders make a late payment, exceed their credit limit, or have a payment returned.
But now, the Chase Slate has become the latest card to do away with penalty interest rates. Starting immediately, all of the new and existing Slate cardholders will no longer be under the threat of having a large penalty interest rate applied to their balance should they make a mistake. [click to continue…]
Chase Freedom® is one of the most popular reward cards offered in the United States. It features 1% cash back on all purchases, or 5% cash back on up to $1,500 spent each quarter on designated categories of purchases and at eligible retailers.
One of the quirks of this card is that you need to activate the bonus categories each quarter. There is no cost to do so, but you must remember to log on and do it. Thankfully, bonus categories can be activated retroactively, so cardholders have until the end of each quarter to complete the activation, and still receive the bonus cash back for their purchases. [click to continue…]