Cash Back Credit Cards Guide

Posted by Credit Card Man | Credit Card | Monday 9 March 2015 11:31 pm

Cash back credit cards are becoming more and more popular these days owing to its attractive cash back option. Cash back reward programs offers a flat percentage rate, generally 1% of purchases, rebated back to the customer in the form of a check at the end of a statement credit or at the end of the year.

Several merchants as well as established department stores offer cash back credit cards to entice its regular customers and new customers to encourage shopping at their stores by charging the purchases with their respective cash back credit cards. The customers who utilize this scheme will get the cash back reward for the total amount of purchases done at the end of a billing statement.

Most of the cash back credit card issuers create their own cash back credit programs. The two most popular types of cash back credit card programs will provide the customers with a credit to their balance card amount whenever the customer makes a purchase with the card. However, the original amount of the cash back reward a customer obtains will depend on the original terms and conditions of the cash back credit card program. This varies from one card issuer to the other and the amount of total purchases made by a customer using the card.

There are several points you need to consider before applying for a cash back credit card. The first step is to determine your spending habits and calculate how much credit is needed for you every month. If you are a frequent shopper and you buy a lot of products from a particular store which offers a cash back program, then obviously, it is a good idea to obtain a cash back credit card.

However, all credit cards offering cash back rewards are not limited to a particular shop. There are several credit card issuers who provide an ordinary MasterCard or Visa credit card which the customers can use at any shop which accepts payments, providing cash back reward offers for goods or services purchased using the credit card. If you are using these types of cash back credit cards, you need not purchase from one specific shop all the time. You can use these cards to purchase products from any store which accepts these credit cards.

Before you apply for any of the cash back credit cards, read the terms and conditions of the card carefully, paying particular attention to any annual fees or hidden charges that you might need to pay for obtaining and using these cards. To obtain cash back benefits, some credit card issuers will require customers to carry forward a card balance from one month to the next. However, often times these types of card offers are not useful as cardholders end up to paying more in higher interest rate charges just for keeping a balance on the card.

So, before applying for any cash back credit card it is a good idea to estimate how much you will spend each month and calculate the cash back benefit you will receive every year. Now, subtract the amount of the annual membership or total fees you will need to pay to obtain the card. The result, if positive, is the net benefit you obtain by using the cash back credit card. If the result is negative, you need to rethink your motivation for needing this type of card. Keep in mind that the best cash back credit card is the one which will help you to secure the most net benefit in cash back rewards less any fees or surcharges that will be incurred.

For more on cash back credit cards, Robert Alan recommends that you visit

5 Tips For Finding The Best American Express Credit Card

Posted by Credit Card Man | Credit Card | Monday 9 March 2015 10:45 pm

American Express has a reputation of exclusivity and prestige, but in reality they offer charge card and credit card options for people of all wealth brackets, from those with a moderate income to the super-rich. Here are five tips to help you choose the right American Express Card for you:

1. Know your credit needs and habits. American Express offers both charge cards, which must be paid off monthly, and credit cards, which can be paid off over time. There are many levels of service and fees. Options range from the Blue, which offers no annual fee and online purchase protection, to the Platinum card, which charges a hefty annual fee but includes a wealth of perks such as a travel service and concierge service. Consider your spending habits, payment habits and income before deciding which card to apply for.

2. Consider which features are most important to you. Even looking only at cards appropriate to a specific income bracket, there are generally several options to consider. Look at the options available and prioritize which features and terms are most important to you.

3. Compare all of your options. While the first card offer you look at may seem perfect, it is always worth looking at all of your options. That way, you can either confirm that it is the perfect card for you or find something even better.

4. Read the fine print. Always be careful to read and understand all of the terms that apply to a credit card offer before applying. Consider how the fees, interest rates, grace periods, credit limits and rewards programs will apply to your use of the card.

5. Don’t be afraid to ask questions. If there is anything you don’t understand while reading through the terms and features of a card, don’t be afraid to ask questions. American Express has a well trained customer service department that will be happy to help you understand all of the details.

To find and apply for an American Express credit card, Beth Derkowitz recommends Find Credit Cards.

Vacations: Paper Or Plastic?

Posted by Credit Card Man | Credit Card | Monday 9 March 2015 2:33 pm

When you go to the grocery store, you are casually asked whether you want to bag your items in paper or plastic. Then you make the decision whether to pay with paper (cash) or plastic (debit or credit cards). These routine decisions probably take you less than a second to decide, but what about the vacation version of the paper or plastic option?

Typically, a credit card is your best option when traveling. If you lose the card, or it is stolen- you can make a quick phone call to your credit card company and stop your liability for fraudulant charges. Always carry the customer service phone number of your credit cards with you, in case you do lose or have the card stolen so you can quickly call and remedy the situation. It’s also a good idea to travel with two credit cards, from different banks, in case of emergencies.

When traveling internationally, a credit card is an excellent choice as you will not need to deal with exchanging your cash for the local currency. A word of caution, however, you will want to verify whether your credit card is accepted in the country to which you are traveling, as some cards are not accepted in all countries. You will also want to verify ahead of time the cost of using your card in another country, as some card lenders impose fees for purchases made in other countries. On the other hand, ATM withdrawals are often cheaper despite the cash advance fee-so you may decide to withdraw cash from a local ATM while traveling.

Even when not traveling outside the country, credit cards can make everything so much more convenient. Renting a car, getting a hotel room and dining in a restaurant are all perfect opportunities to swipe your card rather than counting out cash. Keeping your receipts for each transaction while on vacation means you have a record of each activity when you return home. You can figure out what your vacation cost you, and better budget for future vacations with that knowledge. When you spend cash throughout the trip, it’s easy to lose track of how much you’re spending and on what, and who knows if when you went to pull out the $60 to pay your server for lunch another $20 fell out of your pocket?

If you are someone who tends to lose control of their spending, however, using plastic might not be the best idea for you! If you have to keep to a strict budget while on vacation, and the use of credit cards might cause you to overspend, then obviously go the cash route. A good way to keep your cash as safe as possible while traveling is to wear a money belt underneath your clothing, so that no one knows that it is there. Never wear the fanny packs on the outside of your clothing, as they make easy targets for pocket pickers and you are practically inviting them to steal your cash. It is recommended not to carry all of your vacation cash on you at once, just in case you do have a run in with a thief.

If you can determine how much money you can spend on your vacation, and know that you are able to stick to that amount while using credit cards, it is typically a good practice to use plastic for your vacation expenses. A good rule of thumb is to have the money saved for your vacation before you go, even if you plan to use plastic, and then that is your travel budget.

This article has been provided by Creditor Web. At you can compare over 100 credit cards from multiple banks and apply for a credit card online.

How To Find The Best Reward Credit Card For You

Posted by Credit Card Man | Credit Card | Monday 2 March 2015 9:17 pm

Reward credit cards come in different varieties. There is a different set of procedures for earning reward points and the ways in which you can redeem those points for rewards for different cards. There is a specialized field or area toward which a reward credit card is related.

For people who frequently fly with the same airline company or frequent fliers, there is an airline reward credit card, through which the customer can earn frequent flier airline miles on the purchases made. These airline miles can be redeemed for flight tickets or substantial discounts at hotels, travel destinations or car rental agencies.

There are some reward credit cards that allow you to earn points when you make purchase at drugstores, gas stations and supermarkets. You can earn a discount of 5 percent on these purchases while other purchases give you a discount of 1 percent. The points or rewards earned in this manner can be redeemed for gift certificates from the same stores.

Thus, the customer has to decide what kind of reward card will suit his lifestyle. A person who likes to be pampered with gift certificates or discounts for a meal at a restaurant will have no need for an airline reward card. Also you can find out from an airline company which you normally travel with, if it has a tie up with a credit card company which gives rewards for frequent fliers. Similarly check with your favorite hotel, restaurant, Gas Company and supermarket if they have a reward program in collaboration with a credit card company.

The reward credit cards normally carry a heavy annual fee. Normally people who take reward cards are presumed to be those who pay their balances in full and in time. So the only way the credit card company can make money is by charging a heavy annual fee. You need to find out that the rewards that you get from the reward credit card are worth the annual fee that you pay.

There are conditions laid by some reward credit cards as to how many points or airline miles can be accumulated in a year. You have to find out if the points are carried over or they are expired at the end of the year. You may not find buying a reward credit worthy at a time when you know for sure that you may not be able to collect enough reward points before the expiration date. Certain reward credit cards have spending limits beyond which they do not honor the reward points. For example, it may happen that your credit card company may just offer rewards for spending upto the first $15000 of your credit amount, when you have actually spend $20000 in a given year. Find out all these criteria before going for a reward credit card.

Daniel Cohen recommends Find Credit Cards for finding the best reward credit card.

Best Credit Card Offer Is Still Possible

Posted by Credit Card Man | Credit Card | Sunday 1 March 2015 10:41 pm

You could find a hard time getting the best credit card offer because this is an unproven fact. The best credit card varies in terms of the needs of a person, so there is no true one best credit card Nevertheless, it is more accepted if you find the offer which is best for you. Different persons have different needs. Therefore what you consider as the best would not be appropriate for another person or vice versa.

Probably everyday, you will be receiving countless numbers of mails which is encouraging you to avail of credit cards from their companies. Bombarded by lots of options, you might get pressured and easily decide and settle down on what you think is the best without conducting an assessment or even be confused by free credit card offers.

To avoid miscommunication, free credit card offers do not allow you to pay the application fee or annual fee in owning the credit card. Reread the unsolicited mails that you have received. You will find out that it is already stated in the application which is pre-approved. This type of credit cards is offered mostly by stores and banks.

Keep in mind that a credit card is just a modern term for borrowing money. There is only an extension of payments regarding the purchased products within a specified period of time. Even if the credit card that you have applied for is free, monthly interest fees will still be charged upon considering your purchase balances. When you pay your expenses late, late fees will be again charged doubling your payment. In this case it helps a lot if you carefully read the conditions and terms stated in your application to avoid getting fooled by the word Free splattered all over their promotional tools.

There are factors to consider when weighing offers from various credit card companies. It does not matter how you are going to use the credit cards, or your current lifestyle.

Every person first considers the APR when choosing the credit card they wanted to have. Economic experts even suggest that credit cards having the lowest rates when talking about interests are rated the best. They have based their findings on the equation saying that the lower an APR is, the lower the expenses you are going to pay. So, if you could find a credit card having lower interest rates could make a huge difference between savings and long term unpaid expenses.

You could find the best credit card offer if you have the initiative to research different credit card companies. It will save you greater amounts of money when you make comparisons upon the interest rates being provided.

It could be a difficult task especially if you are going to do it the first time. You could hardly find credit cards with lower interest rates if you don’t possess any credit lines. But there is still an option that will suit your needs. It is normal that you will be getting credit cards with higher interest rates at first. In the end, you will benefit from this action because once your credit card is established; it is possible for you now to apply for credit cards having low interest rates.

Beware of fantastic offers from various credit card companies. Before signing any contract, make sure that you already studied every detail. It is typical that credit card markets are very competitive with thousands of companies who are really after your business. Just take time when looking. Anyway it is for your own good when you get the best credit card offer and gain future success.

Aaron Ballantyne is the owner of a credit card website with links where you can apply for a credit card which best suits your needs.

In College? Find The Best Student Credit Card

Posted by Credit Card Man | Credit Card | Saturday 28 February 2015 7:56 pm

Credit card for college students has high annual fee and interest rates. Student credit card does not require a co-signer, since the credit limit is low and if the limit is breached you must have a co-signer. This co-signer will be responsible for the payment. Student credit cards are available online, and one can choose according to the needs of the credit card.

Leading student credit cards offer 0% APR up to six months on balance transfers, cash advances and purchases, enabling you not to default on your credit card payments. But before using a card one must be sure of the terms and conditions. The APRs for student credit card are above normal rates but if one chooses to pay the balance before the grace period, then that is sufficient. Some credit cards have no annual fees and allow you to manage the account online.

Choosing The Right Card

You may come across student credit cards while searching online. Once you get the list, compare them against each other and look for a card with low interest rates and no annual fees. It is always better to have a regular student credit card. Once you get hold of a credit card at least once.

How To Use

Different student credit cards offer many multiple offers and students should select a credit card with no annual fee and low interest rates. The credit limit should not be exceeded. The payment should be done in the same month. Once you manage to have a regular student credit card, you can apply for other credit cards. The proper usage of credit card can keep under good rating; else you will be bankrupt in the young age and will be ruined.

Zack Nelson recommends Find Credit Cards to find the best student card.

The Pros And Cons Of Cashback Credit Cards

Posted by Credit Card Man | Credit Card | Saturday 28 February 2015 3:27 pm

Cashback is a popular incentive offered by many credit card companies. It means that for every dollar you spend, your card issuer will give you back a small percentage, usually in a single payment made once a year. The term cash rebate credit cards is also used to describe this.

The amount paid back is calculated as a percentage of your total spending. Percentages vary, but typically range from 0.5% to 2%. Some card issuers pay higher rates of up to 5% for purchases in some categories (e.g. gas or groceries) or made through certain retailers.

The big advantage of cashback credit cards is thus obvious: You can make a small saving on every item you buy. This might not seem much at the time, but in most cases all these rebates are added together and returned to you in a single annual payment. If you spend, say, $20,000 a year on your cashback credit card, you could collect up to $1,000 a year in rebates – a handy sum in anyone’s language!

There is a potential pitfall to watch out for with cashback cards, though. In most cases these cards also offer attractive-looking balance transfer deals, offering low (or zero) interest rates on the transferred balance for up to 12 months. The aim is to tempt you into shifting long-term debts onto your credit card, as well as spending money on it to benefit from the cashback.

What’s the problem with that? Well, the crucial fact is that your monthly repayments are automatically allocated to paying off cheap balance transfer debts first, leaving the high-interest debts from spending trapped on your card until all the cheap debt is repaid. In other words, you cannot simply pay off the costly debts first.

The best thing, therefore, is to use separate cards for cashback and balance transfers. If you do transfer a balance to your cashback credit card, ensure you pay off the entire balance in your next monthly repayment. In any event, with a cashback credit card ALWAYS pay off the balance by the due date every month – that way you will enjoy a nice little bonus from the cash rebate, and you won’t lose any of this money on interest charges.

Finally, note that in recent months some card issuers have cut back on their cashback offers, reducing the rates paid or in some cases abolishing it altogether. If you want cashback, therefore, it’s important to shop around, and not simply reply to the first offer that drops unsolicited into your mailbox. Credit card comparison websites such as make this easier by displaying all the best offers, updated daily, alongside independent advice on choosing and using a credit card.

Nick Davis is the owner of, which aims to match you up with the ideal credit card to suit your situation. The site has an entire section devoted to cashback credit cards. You can view this at

Secured Credit Cards

Posted by Credit Card Man | Credit Card | Wednesday 7 January 2015 5:01 am

When deciding upon what credit card is the best for you, don?t rule out secured credit cards. In fact, many people are finding secured credit cards to be the best option. Some people choose a secured credit card when they have had credit problems in the past, and obtaining a traditional credit card would be difficult if not impossible. Secured credit cards are great options for teaching your teenagers and college students about responsible financial spending. Secured credit cards help control your spending, since you must have the money before you can make a purchase, unlike a traditional credit card that you don?t have to have the money to back up your purchases.

So, you may be asking why bother with a credit card at all, if you have to have the cash available to fund your secured credit card. In our modern times, it is becoming increasingly difficult to do certain things without having access to a credit card. Have you ever tried renting a car or purchasing an airplane ticket without a credit card? Ever tried booking a hotel room without a credit card?

Secured credit cards work in the same manner as a checking account debit card, however, there is no actual checking or savings account associated with the card. You make a deposit to the company that issues the secured credit card, and that becomes your spending limit. When you have made purchases that reach the amount of money you deposited, you have to deposit more money in order to continue using the card.

Advantages of using a secured credit card, other than the obvious advantage of not spending more money than you actually have, include the fact that almost anyone is eligible to obtain a secured credit card. Regardless of your personal financial history and credit score, you can make a deposit with a secured card distributor and obtain a credit card. The only actual requirement to be approved for a secured card is you must be of legal age and have money to deposit on the card.

Other advantages of a secured credit card versus a traditional credit card are that you are not charged an annual percentage rate on the amount that you deposit, and you can have your paycheck deposited directly onto a secured credit card in many instances. A traditional credit card will smother you with interest rates, late fees and finance charges over time, and you?ll end up paying two to three times what you?ve actually charged to the card! With a secured card, you know exactly how much you?re paying for an item. Secured cards allow you to make purchases online when you would not be able to if you didn?t have a traditional credit card.

The main disadvantage to using a secured credit card in place of a traditional credit card is the fact that you have to have the money in advance for any purchase you want to make. While this is an advantage when considering your credit score and the perfect way to avoid getting into debt too deep for you to handle, it is also a disadvantage in the event of an emergency situation. If your car breaks, or your home?s furnace dies and you don?t have the cash available, a traditional credit card would come in handy. Perhaps without ever using traditional credit cards however, you will be able to save enough money to cover emergency instances and not need to rely on credit to bail yourself out of the emergency situation.

Secured credit cards may be the best option for your credit card needs. They allow you to travel conveniently, make purchases by phone or the internet, and without the dangers of falling into financial desperation!

This article has been provided courtesy of Creditor Web. Creditor Web offers great credit card articles available for reprint and other tools to help you search and compare secured credit cards.

0 APR Credit Cards Choosing Right Will Save You Money

Posted by Credit Card Man | Credit Card | Wednesday 12 November 2014 8:18 am

Most credit card programs include introductory 0% interest rate credit cards, also known as 0 APR Credit Cards, issued by leading banks and financial organizations, like JP Morgan Chase, Citibank, American Express, and Discover just to name a few. Most 0 APR Credit Cards are created as an incentive for attracting new customers, particularly those with good credit standing. (Note: For those of you who might have poor credit or limited credit histories, it?s likely you will not qualify for the 0% interest rate offers.) Most of the 0 APR Credit Card offers last for 6-12 months, after which competitive, low interest rates are applicable, depending on the terms and conditions of the individual credit card company.

As interest rates have risen, 0% interest rate balance transfers are a particularly good deal. If you transfer an existing credit card balance from a card where you?re paying interest to another where the rate is 0%, you can save a ton of money ? potentially thousands of dollars! So if you?re like many Americans and you have an existing credit card balance on one card or another, a 0 APR Credit Card offers an incredible opportunity to streamline your balance. For optimal savings, we recommend transferring the existing balance to a 0 APR Credit Card and then paying off the balance by the time the introductory period expires.

Additionally, some cards offer even more finance sense and give you 0% APR on both purchases and balance transfer for an introductory period. Discover Card and American Express also offers 0 APR Credit Cards with higher lines of credit, along with platinum benefits. Moreover, they provide extra perks to cardholders, like advanced customer service and fraud protection. Some 0 APR Credit Cards from American Express include Blue from American Express (15 months of 0% on new purchases), and also the Blue Cash card from American Express. Discover has a 0% Intro APR for up to 12 months on several cards as well. These 0 APR Credit Cards can be a good choice for the individuals who have excellent credit and are seeking a credit card with cash back rewards. Transfer your balances to 0 APR Credit Cards, many with low interest rates after the intro period.

To make a decision on a 0 APR credit card, you need to compare the following:

? The introductory period for which the 0 APR runs

? The regular APR after the introductory period ends

? What are the annual fees applied to the card

? If you are able to transfer balances, and

? The type of credit rating you need to apply for and receive a 0 APR credit card.

For More Information and to Compare 0 APR Credit Cards visit:

By Gerard Heitz

The Meaning Of Credit Card Numbers

Posted by Credit Card Man | Credit Card | Sunday 24 August 2014 10:39 pm

If you take a close look at your credit cards, you’ll probably wonder what all those numbers stand for. Every digit actually stands for something specific. Let’s have a look at each of those numbers in sequence.

The First Digit

Gasoline cards, department store cards and phone cards have their own programs.

The major credit card companies operate on a standardized system for assigning credit card numbers. The first digit in the series will always be a 3, 4, 5 or 6. This number designates the type of card you have. For instance, a 3 means it’s a travel and entertainment card, such as American Express or Diners Club. A 4 is Visa and Visa-branded debit cards, cash cards; a 5 is MasterCard and MasterCard-branded debit cards, cash cards; and 6 is Discover.

The Other Numbers

American Express and Diners Club use the second digit to identify the company. That means that Diners Club cards will start with either 36 or 38, and American Express cards will lead off with 34 or 37.

The remaining numbers in the series are used for other purposes, depending upon the card type and issuer. Generally, the numbers grouped after the opening series is the routing number of the bank and the next group is the user’s account number. The final digit is special — a check digit. This is a number calculated by applying a specific formula, and it is used as a fraud check.

Look At Your Card

American Express uses digits 3 and 4 for business or personal card type and the currency of the cardholder’s country of origin. Digits 5 through 11 are the account number. Digits 12 through 14 show the card number attached to that account. The last digit is, of course, the check digit.

Visa uses digits 2 through 6 for the bank number. Beginning with digit 7 and running through 12 or 15, they’re the account number, and the last number is the check digit. The number of digits in a group may vary because Visa cards don’t all have the same number of digits.

With MasterCard, the second digit through digit 3 (to as high as 6) is the bank number. All remaining digits, except the end check digit, identifies the cardholder’s account.

And that’s it. A slightly complex system necessary to track billions of credit cards across the globe.

Ron King is a full-time researcher, writer, and web developer. Visit new-credit-card-now to learn more about this fascinating subject.

Copyright 2005 Ron King. This article may be reprinted if the resource box is left intact.

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