Beth Derkowitz asked:


The CitiBusiness AAdvantage MasterCard provides several benefits to those that are looking for a business account that will help them fund their business ventures with a bit of a reward in the process as well. The sheer benefit of this credit card is that you will be able to earn free travel for business related expenses on American Airlines. The rewards are limited to this airline but are still quite considerable. Those business owners that have very good credit can earn a good amount of free travel.

First, a look at the important things is in order. The CitiBusiness AAdvantage MasterCard provides for an APR of 17.99% on purchases and 22.99% variable APR on cash advances. There is no introductory offer on this credit card and it does provide for a fee of $75 annually although this fee is waived for the first year. In addition, it uses the method of average daily balance to calculate finance charges which can help those that are carrying a balance month to month on this line of credit.

The rewards that the CitiBusiness AAdvantage MasterCard provides are very good. You will earn a flat one mile per dollar spent on the purchases make with this credit card. There are several restrictions on the use of these rewards and the miles accumulated which you should learn more about before selecting. Your miles are compatible with your Frequent Flyer Program. You have a limit of 150,000 miles per year unless you have another AAdvantage account that qualifies. On your first purchase, you will earn 20,000 bonus miles.

Although this credit card for business owners provides for discounts and free air travel, it is important to realize that it is limited to American Airlines and that there are restrictions that apply to when rewards can be used and how they are accumulated. If you are looking for a good credit card that will provide a decent interest rate, this may be a good choice for your needs.



Chester

heuiim asked:


It sounds like a silly question, but what happens if you request balance transfer from a credit card to the debit card (linked to checking account) and credit card issuer approves it? Anyone know?
Just to clarify; I want to know if it does go through would my checking account be credited by the balance transfer amount or would it be simply rejected?
Maybe I wasn’t being clear; I meant balance transfer FROM credit card TO debit Card. It has nothing to do with paying debt. I am taling about your typical credit card balance transfer offers that supposed to only work between credit cards.
You know, when the credit card company offers you like 4% rate for balance transfer to pay off other high-interest rate credit cards?

Ruby

Beth Derkowitz asked:


Do you currently own a Subaru vehicle? Are you planning to purchase or lease a new Subaru vehicle within the next 4 years? If so, then you might be interested in these details of the Subaru MasterCard Application. The Subaru MasterCard is designed for people with good credit looking to invest in a Subaru vehicle. This reward program allows you to earn a 3% rebate on all general purchases you make with this Subaru MasterCard.

The rebates can then be redeemed toward the purchase or lease of a new Subaru vehicle, Subaru accessories, or regular servicing (such as oil changes) at an authorized Subaru dealership. So if you have now, or plan on getting a Subaru, this card is best for you. You get a $100 coupon for every $3,333 you spend with the card, with a maximum of $500 that can be earned per year. The coupons will expire in four years and you can’t earn more than $2,000 in rebates for the four-year period.

This is a high rebate for a reward card but the Subaru MasterCard also has the same great benefits you can expect from a platinum card such as up to $500,000 in travel accident insurance, auto rental insurance and various other travel and emergency related services. The card has a 0% introductory rate for the first 6 months on purchases and balance transfers. After that intro period, the APR goes up to 13.99% on purchases and 23.99% on cash advances.

Keep in mind that the rebate coupons can not be traded in for cash or used for anything else not related to Subaru so if you do not have one already or plan to get one soon, you will not really benefit from this as a reward card. There is no annual fee and no minimum or maximum credit limit on this card. There is also no fee for adding additional cardholders.



Ellen

Edward Vegliante asked:


MasterCard and Visa: they’re both household names in today’s credit card world. In fact, MasterCard and Visa are so common that if you’re shopping for a new card, it may be difficult to choose one over the other. Which one is more widely accepted? Which one has better benefits? Should you apply for both? Here are some points to consider while comparing MasterCard and Visa credit cards.

How MasterCard and Visa Operate

While you see their name on many cards, MasterCard and Visa do not actually issue credit cards. Rather, they function in a behind-the-scenes way. MasterCard and Visa are payment systems. They create and maintain the computer networks that process their credit card transactions. This is no small task. Literally billions of credit card transactions occur at ATMs and merchants around the world.

Other banks, such as Chase and Bank of America, issue the actual credit cards. These banks work with MasterCard or Visa. They place the brand name on their cards. If you see the Visa name on a credit card, it means that Visa is backing up the card. The same is true for cards with the MasterCard logo on them. This is why you see cards with names such as the Chase Platinum MasterCard. Note that the name of the bank and the payment system are both mentioned. When you make a payment, it goes to the bank that issued the card.

Comparing MasterCard and Visa

As far as worldwide acceptance, MasterCard and Visa are quite comparable. Both of them have an established global presence. Most retailers will take either one without hesitation. In rare occasions, a retailer may only accept one or the other. Even then, you should be able to find another store close by that does take your card.

If you’re searching for a credit card, you are probably comparing interest rates, reward programs, fees, and included benefits. Keep in mind that the issuing banks determine these factors. They are not decided by MasterCard or Visa.

Reasons to Get Both

If you are applying for your first card, remember that MasterCard and Visa are quite similar. You will want to look at the various benefits offered by the banks that issue the cards. If you are planning to keep a balance from month to month, you may want to consider a card with a low interest rate. If you are looking for rewards and are able to pay off the balance in full each month, a card with a good reward program may better fit you.

If you have a Visa and want another credit card, it may be wise to get a MasterCard (and vice versa). The same is true for banks. If you have a card from Chase, try looking into a different card issuer. Having variety will aid you should anything happen to one of the institutions. Also, since the different lenders are in competition, you may receive offers for better credit card deals in the future.

MasterCard and Visa are both solid credit card choices. Having a card from each company will give you more credit options. And having cards from different banks will get you access to the best reward programs, interest rates, and other benefits. Start looking online today. Then pick out the credit cards that work best for you.



Fernando

gizmos_dreamer asked:


My husband has a Sears card that has a horrible APR. The balance was recently paid off, but with this rate, we will always owe something on it. (Like a couple bucks.) We’d rather close the account than keep paying a couples buck every month on a card he will never use again.
People have told me closing accounts hurts your credit. But how bad? And I’d really rather close it than deal with the hassle of it.
Just trying to make an informed decision. Thanks.

Eric

Eric Wasselman asked:


As one of the many AAdvantage cards by Citibank, the Citi Platinum Select®/AAdvantage World MasterCard caters to individuals with a good credit score and who frequently travel on American Airlines.

The Citi AAdvantage World MasterCard awards cardholders with one AAdvantage mile for every dollar spent on the card. Accumulated miles can then be redeemed for hotel stays, car rentals and free travel via American Airlines, American Eagle, American Connection and other participating carriers, with no blackout dates. There is a maximum cap of 100,000 miles that can be earned per card each year, which is well within reason. This limit does not apply for the other AAdvantage cards from Citibank. However, the miles will expire if there is no account activity for three years.

The difference between this AAdvantage card and others is not very apparent. Aside from the maximum cap, the Platinum Select card offers 15,000 Bonus Miles on the first purchase as well as no ‘pre-set spending limits’, which provides cardholders with room to go over their credit limit once in a blue moon. Also, as this is a Platinum Select card and not a full fledged Platinum card, this card with several benefits that are typical of a Platinum card such as $1,000,000 in travel accident insurance for airline tickets purchased with the card.

Also, the card’s APR is somewhat above average as compared to other cards of the same category. On the flip side, there is an $85 annual fee attached, thus making this card rather costly to own and use. To add to the cost, a minimum rate of 19.99% is imposed for cash advances, regardless of any drop in the Prime Rate with which the APR is dependent on.

To sum it up, individuals traveling frequently with American Airlines and partnering carriers will reap the full benefits from owning the Citi AAdvantage World MasterCard, as most of these benefits are specially tailored for this target market.



Jamie

Carrie Reeder asked:


Unfortunately, many people underestimate the importance of establishing a good credit history. Because the average person cannot afford to pay cash for large purchases such as an automobile or home, financing has become a part of life. If you have good credit, your financing options are many. Nonetheless, those with bad credit have the opportunity to improve their credit standing, which opens the door for better financing options.

Options Available to People with Bad Credit

If you have bad credit, there are several things you can do to improve credit. For starters, it may help to rebuild or re-establish your credit history. Bad credit Mastercards can help you do this. Many circumstances justify a person needing to rebuild credit. If you have experienced a foreclosure, repossession, or bankruptcy, your credit score is likely below 600.

Low ratings make it difficult to acquire financing. Fortunately, there are several lenders that focus on bad credit. Fresh start programs include bad credit Mastercards, home loans, vehicle loans, etc. Because it is recommended that a person with bad credit obtain a credit card as the first step to improve score, you should strongly consider getting a bad credit Mastercard.

How to Build a Good Credit History?

Establishing and maintaining a good credit history is essential. Bad credit can happen very quickly. Simply refusing or being unable to pay bills on time may result in your credit score dropping significantly. While most people have good intentions, those with excessive debts usually have their hands tied.

Bad credit Mastercards offer a new beginning. If you get approved for a bad credit credit card, avoid repeating past credit mistakes. It is realistic to raise your credit score by 100 points, or more. Building a good credit history is easy. Of course, this involves carefully monitoring your credit.

To begin, regularly check your personal credit report. Reports are viewable online. This way, if any errors or inaccuracies are present, you can easily detect them and have the matter corrected. Moreover, pay credit cards before the due date. To avoid credit problems, it will help to keep balances low, and never exceed your credit limit.



Monica

chi bebe asked:


I want to pay off my credit cards because they are such high interest. I have late payments in my history, so I want to build up my credit again. Do I really need credit cards to do this? I hate the idea of owing money. I thought about getting a credit card, using it and then paying it off each month - but I was told that wouldn’t help my credit. What should I do?

Yolanda

Steven Walters asked:


If you want the convenience of credit cards without the high interest rates then maybe a prepaid reloadable Mastercard is for you. With one of these cards you get to decide how much ‘debt’ you’re going to take on each month and you get to avoid interest payments. Getting the cards is so easy and reloading them is also very quick. It’s a great way to take charge of your finances and even to create a budget that will work for you. And it works for everyone from students to those trying to rebuild damaged credit.

There’s many different reloadable Mastercards that are available to you, and you can get them either online or from financial institutions. They work just like debit cards and they allow you to recharge them with more cash any time you start to run short. Besides allowing you to avoid interest fees that are charged on traditional credit cards they are also available without any credit checks which makes them great for those trying to establish or rebuild credit.

With no credit checks required the reloadable Mastercard is easy to get from many websites online and from banks everywhere. Once you are accepted you simply load the card with cash and your Mastercard is accepted at millions of merchants around the world. And you don’t have to worry about growing your debt because the money on the card is all yours. Once you’ve hit your limit you either stop spending or add more money to the card. You simply cannot overspend!

Reloadable Mastercards are a great solution for teens and college students who need the convenience of a credit card, but don’t yet have the responsibility to use one. A reloadable Mastercard can teach them how to budget and how to use debt responsibly. Buy them a card and let them know that they are responsible for any additional fees they get from improper use of the card. It gives them the chance to learn how to use credit properly without worrying about them running up huge debts. Plus it can be used to teach them how to budget properly.

These prepaid reloadable Mastercards are also a great way to put your own finances in line. Set up a budget for yourself and transfer that amount to the card. Once it’s gone that’s it for the month. You’ll learn discipline and good spending habits as long as you actually stick to your plan and your budget.



Ray

mastermind asked:


Lets say I have 4 credit cards totalling $3000. I then wrote out 4 checks and paid off each card in full on the same day. How long would I have to wait until my credit report reflected all of these charges paid off?

Chester