Tell me why? asked:


Month before the end of 0% APR on my credit card I received a notice of “Important Amendment on Credit Card Agreement”. After doing some research I still not sure should I select the option of rejecting this amandment or not. I know that if I will chose the rejection, my credit crad account will be closed. Doing so, how much it can affect to my credit record? Does this makes any difference to my credit score? I read somewhere “the longer you’ve had this credit card the more it will hurt your credit to cancel it…” how much truth in this?
Thanks in advance.

Doris

kingtiger222 asked:


WaMu might be next in line to go under. I owe them $9,000 on my credit card, which I have never been late on and always pay way more than the minimum. What happens to my bill and can they demand all that money in one payment?

Gertrude

Amanda asked:


My husband runs his own subcontracting business and he is needing to apply for a business credit card. I researched some and so far Discover’s business card seems good. Any other ideas?

Michael

Samuel Martin asked:


A self-made millionaire by age 14, Gray is now an internationally known and respected entrepreneur and business leader who addresses more than half a million people per year on topics such as leadership, personal development, diversity, business development and financial management.

His newest venture, with First Premier Bank and Diamond Financial Products, is the “goFarr” card, a prepaid MasterCard featuring his likeness. The card is designed to increase financial literacy and freedom for those without a credit history or who are unable to get access to a line of credit.

Because the card is prepaid, there are no interest payments, credit checks or employment requirements, and unlike most prepaid cards, the goFarr card has no monthly fees. It can be used anywhere debit MasterCard is accepted, including ATMs, and cardholders can use the card to pay bills online or get employers to do a direct deposit onto the card.

Cardholders can monitor when, where and how much they spend 24 hours a day through Web and telephone access to account information. They soon will also get financial tips from Gray through live chats, podcasts and e-mail discussions.

“When I look at the fact that one-quarter of 18- to 24-year-olds are ‘un-banked,’ I see that it is also a problem that plagues low-income people of all ages,” Gray said. “This card can be an empowering tool that will instill valuable budgeting habits and responsible money-management skills.”

Gray became an entrepreneur at age 6, selling body lotion door-to-door. At age 7, he carried a business card that read “21st Century CEO.” At 13, he started Farr-Out Foods, a specialty foods company in New York. He became a published author at 19 with his financial self-help book “Reallionaire.”

“Farrah Gray is one of the great business minds and icons of his generation,” said Keith Byrd, chief operating officer of Diamond Financial Products. “At the age of 21, he has achieved more than many achieve in a lifetime. To those who become cardholders and are able to access financial advice from Farrah Gray, you too have the possibility to ‘goFarr.’”



Annette

Scott Stadler asked:


Reviewing hundreds of credit cards, one of the first things to become obvious is the fact that some cards just have more to offer than their counterparts do. This certainly stands true for the Citi® Upromise® Platinum Select® MasterCard®. While not perfect in every category, it does put forth some unique and powerful features when it comes to offering rewards.

The Credit Card’s Most Notable Feature

Not all rewards credit cards are created equal. While some favor gas rebates and others perhaps airline frequent flier miles, the Citi® Upromise® Platinum Select® MasterCard® is different from any other. Most notably, it partners up with Upromise, the well known college savings program, to apply percentages of purchase to a Upromise college savings account.

For those with children approaching college age and who realize the massive expenses associated with these years, the Citi® Upromise® Platinum Select® MasterCard® delivers assistance on multiple fronts. Applying 10% of qualified store purchases, 2% of certain gasoline purchase, and 1% of all other purchases to the matching Upromise account, the most notable feature of this credit card is how these rewards add up. Granted, the 10% reward is only good at specified participating grocery and drug stores, but it’s still difficult to find and other reward card with a percentage this high.

The Other Features Worth Making Note Of

The Citi® Upromise® Platinum Select® MasterCard® is indeed accepted at any merchant accepting MasterCard, so rest assured of widespread coverage. While most of the other details of this credit card besides the Upromise rewards are rather average, it is worth noting that it does skip the annual fee. Many other rewards cards are of the “pay to play” variety.

How Does This Credit Card’s Day to Day Interest Rate Stand?

Hitting the best interest features first, the Citi® Upromise® Platinum Select® MasterCard® extends a zero percent balance transfer interest to those who would like to move a higher balance from another card and attack the principal balance for a 12 month period. More or less standard these days, balance transfer fees do apply.

Other than the 12 month interest free balance transfer period, this credit card only offers an average interest rate for purchases. Those with good to excellent credit can no doubt do better in this area, making this card really best for those who pay off their balance in full with each and every bill.

So, What’s the Overall Consensus?

The Citi® Upromise® Platinum Select® MasterCard® is not the perfect choice for everyone. Those who plan on using the credit card for every purchase possible and then paying off the balance in full every month will benefit the most.

All things considered, the card does offer substantial rewards when it comes to college savings via the Upromise program. And if big college costs are in the future, why not go after the rewards that can help knock them down?



Ruth

emilyl51501 asked:


I have really bad credit from mishaps that have happened years ago, what if any credit card would I be able to get accepted for?

Elaine

Jeremy Biberdorf asked:


With the Chase PerfectCard MasterCard you can earn rewards everywhere! You get cash back everywhere you use this credit card. At gas stations you save even more. For the first 90 days, you get 6% back on all gas purchases at any gas station. After that you get 3% cash back at gas stations. When you use the Chase PerfectCard everywhere else you get 1% cash back. Think of how much you’d save on your gas bill each year. It doesn’t make sense to use cash or your debit card.

Most gas credit cards are applicable at just one gas station. If you’re low on gas do you always want to go out of the way to a certain gas station? You could run out of gas driving across town to the other station. Or do you want to fill your wallet with a different credit card for each gas station? Your heavy wallet would weigh you down, nevermind the time it would take to search through those cards every day.

Another perk of this credit card is a 0% introductory rate on purchases and balance transfers for 12 months. For the first year there is no annual fee either. There is only a $19 annual fee if the cardholder doesn’t make 9 purchases in the prior year. So the Chase PerfectCard can earn rebates that aren’t eaten up by credit card fees.

There is a limit to the cash you can get back with this credit card. Each month you can get up to $15 back on gas. That works out to $500 in gas purchases for one month. That should cover the average person’s fuel expenses. Up to $15 of free gas in a month sounds like too good an offer to pass up. Plus there is no limit to amount of rebates that can be earned from other purchases.

This credit card makes cash back more convenient too. Rebates you earn are automatically credited toward future purchases. Other cards often mail gift certificates or checks, which just delays your money.

You don’t lose other platinum credit card features like purchase assurance, extended warranty protection, and travel accident insurance. The Chase PerfectCard MasterCard gives you everything and then some more. It lives up to its name.



Carrie

kisstherain asked:


I live in Canada. I have this red CIBC card that says “convenience card.” How do I know if it is a credit or debit card? Is there any charges if i use them? I never used the cards before. I have a premium grown account. I am 16 if that matters. CIBC is a bank in canada.

Timothy

cynthiastewart asked:


MasterCard is one of the largest credit card issuers in the United States. The reward programs offered with Gold and Platinum MasterCard are truly exceptional. Providing a great value in terms of rent saving, reduced repair costs, travel rewards, and a lot more these reward cards are true money savers.

MasterCard provides insurance for its credit card holders. As MasterCard is growing in popularity and is being accepted worldwide, MasterCard has launched its global service to cater to this growing clientele.

If you travel a lot MasterCard has a lot to offer for your travel and stay in a hotel to be truly rewarding. The travel assistance services offered by MasterCard will help you greatly. The purchase assurance coverage, baggage delay coverage, extended warranty coverage will take the blues out of your travel and renting experiences. While traveling if you are having a MasterCard gold or platinum card you are covered for hotel/motel burglary, lost or damaged luggage also.

For a great shopping experience that rewards you handsomely MasterCard provides purchase assurance, satisfaction guarantee, extended warranty, price protection and not to mention fabulous discounts with their preferred partners.

Having a good credit history can easily get you a Gold MasterCard, while Platinum MasterCard might require excellent credit history. There are numerous credit cards, offered by MasterCard, which offer one or more combinations of above mentioned rewards. To get more details one should contact the financial institution that has issued the credit card for complete and accurate details of the benefits that will apply for that credit card are eligible for.

Moreover ,it pays to stay in touch with the credit card issuer because the reward programs constantly get reviewed. This can lead to a particular reward being extended, improved or in some case dropped from the benefits list. However, the credit card issuer will notify you at least 60 days in advance before cancelling any benefits or rewards. Make sure to checkout with the existing terms and conditions minutely before buying any reward card.



Robert

Beth Derkowitz asked:


If you have a somewhat difficult time getting a credit card, the First Vineyard MasterCard may be a choice that you have. This credit line is offered to those that may not be able to get an unsecured credit card. If you would like the ability to earn some cash back, this credit line may be the best way to go. Proper use of it can also help you to improve your overall credit rating, a very important part of the building of credit process.

The First Vineyard MasterCard is what is called a stored value card. That is, you will use the funds that you place on it as payments are made in advance of the use of this card. You can do this directly from your paycheck, if you like or other funding sources. You can use loading funds from such methods of bank wire transfers, through the mail or through making a cash deposit. There is no annual fee attached to this card, but there is a non refundable fee of $39.95 as an application fee and a fee of $83.40 fee that is applied monthly at $6.95 as a participation fee. Your minimum deposit has to be more than $20 and your maximum is that of up to $2500.

The unique feature about the First Vineyard MasterCard is that you will earn cash back for using your card. You will earn a rebate of .07% up to 1%. You will also receive a one time bonus of $25 for each personal referral that you have. If they activate their card, you get this referral bonus. You can have up to 100 of these individuals providing this referral to you. You also get more cash back if you shop at the online shop of First Vineyard MarketPlace. You can earn up to 1% cash back with no expiration and no yearly limit.

This credit card can provide the help that you need for getting the most out of your spending when your credit is not what you would like it to be.



Tracy