Many credit card holders are unsatisfied with their credit cards, their bank, or both. They do not like paying late fees and over the limit fees that they feel are arbitrary and punitive. Nevertheless, most cardholders continue to do business with super-sized banks that charge these fees. They may do so out of habit, out of convenience, or perhaps out of a perceived lack of choices. Cardholders actually do have a choice to do business not with a bank, but with a credit union.
The Pentagon Federal Credit Union, which is easy to join, offers the PenFed Promise Visa card as an alternative to fee laden major bank credit cards. The PenFed Promise Visa card charges no late fees, no balance transfer fee, and no foreign transaction fees, features that many consumers can benefit from.
PenFed Promise Visa Card Overview
The PenFed Promise Visa is a rare card that may best be defined by what it isn’t rather than what it is. This card has no annual, foreign transaction, balance transfer, cash advance, over the limit, or late fees. New customers will receive a 4.99% APR on balance transfers for 36 months, and an introductory APR of 7.49% on purchases for three years. After that, customers will incur interest at a rate equal to the Prime Rate plus 6.74%. There is a no-fee cash advance rate of 17.99% APR, and there isn’t even a penalty interest rate that applies when customers fail to make timely payments. Continue Reading »
Throughout 2011, credit card offers have grown increasingly generous. In the past, only airline credit cards offered substantial sign-up bonuses. Today, a wide range of rewards credit cards are being promoted that provide new card-members with bonuses ranging from $50 to $500. While there are always strings attached, the hurdles that stand between applicants and the bonuses being advertised are minimal and are simply based on meeting certain spending requirements within a three month period.
United frequent fliers concerned about how the Continental merger will impact the United credit card can breathe a sigh of relief. Chase revamped, renamed, and relaunched a vastly improved version of United’s Visa – the MileagePlus Explorer Card – and loaded it with benefits few other airline credit cards possess.
After a multi-year hiatus, the Citi Simplicity card has been retooled and relaunched. The new Citi Simplicity card retains many of its former features – it has no annual fee, no late fees, and no over the limit fees – while incorporating a few new benefits, the most notable of which is an interest rate that will not increase when consumers miss a payment or spend beyond their credit limit. These features are complimented by an ultra-long 0% introductory rate on both purchases and balance transfers that lasts 18 months – presently the longest 0% APR promotion being offered by any credit card company.
Many frequent travelers are becoming disenchanted with airline reward cards. Many find that miles can be nearly impossible to redeem at the lowest advertised redemption levels. Others have grown disenchanted after saving miles for years, only to be told that their flight is has no available reward seats. The Hilton HHonors credit card is tied to one of a handful of hotel programs that avoids redemption problems by offering award stays with no blackout dates and no capacity restrictions, making this one of the better options for consumers seeking a hotel rewards card.
There is no greater personal finance challenge than getting oneself out of credit card debt. Many people are taken by the ease of paying with plastic and quickly lose track of their spending. Others build credit card debt after being faced with a loss of income or unexpected medical bills. If you have taken on debt, or foresee the likelihood of doing so, what you need is a credit card that offers 0% introductory rate on balance transfers and purchases for the longest possible period. The 
Of all the major credit card companies, none seems more determined to improve their products than Chase. For well over a year, Chase has been rolling out new credit cards, revamping their Ultimate Rewards system and tweaking the features of existing cards to align them with the interests of cardholders. This has led to new products like Blueprint, 
