Posted on February - 09 - 2010
Your work might require you to travel from one place to another. You might be required by your boss to attend seminars or meetings to different states. If you are one to fly often, it would be helpful to know that you have an opportunity to actually save more as you fly more. This is all possible because of the frequent flyer credit card.
You might have heard of this before, but never really paid much attention to it. A frequent flyer credit card is one that is partnered with a specific airline so that every purchase you make using your card awards you with point equivalent. You try to accumulate as many points as possible and these can be exchanged for discounts or freebies.
The list of benefits is quite overwhelming.
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Posted on February - 07 - 2010
When it comes to major changes that consumers have seen in recent months, there is no doubt that cardholders have seen plenty. While some changes have been publicized more than others, each has affected the view that many people perceive when it comes to credit cards. One of the changes that seem to be a growing trend among credit card issuers is the annual fee and by the looks of it; we may see annual fees continue to find their way into American’s pocketbooks.
According to research both the implementation and increase of annual fees will continue to be something that cardholders will need to be on the lookout for as we move further into 2010. T
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Posted on February - 07 - 2010
In a possible sign of a budding economic turnaround, credit card companies have dramatically increased the number of mailed credit card offers they send out each month, according to the direct mail tracking company Mintel Comperemedia.
Mailed offers were up 47 percent in the fourth quarter of 2009 compared to the previous quarter. Capital One, Chase, and US Bank spearheaded the increase in mailed credit card offers; Capital One more than tripled its mailings over the previous quarter, Chase increased offers by 152 percent and US Bank by 93 percent.
The rebound in mailed credit card offers began back in October, when mailed credit card offers jumped by 34 percent over the month before, breaking a more than two-year long pull-back in credit card marketing.
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Posted on February - 06 - 2010
When it comes to default rates, there is no argument that issuers have it bad even as recent reports have shown that they may be stabilizing. For some it is worse than others, and it now seems that those whom are getting hit the hardest are none other than retailers. While they have not been as publicized as many of the major issuers in the country; retailers have seen defaults on their credit cards rise much higher their well known counterparts.
So why are retailer credit cards seeing a higher default rate than others? According to an article entitled, “Defaults on Retail Credit Cards Soar” retail credit cards are generally perceived by consumers as a very low priority when it comes to making payments.
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Posted on February - 06 - 2010
In an unusual fall-out from the housing crisis and the extended economic downturn, an increasing number of consumers choose to pay their credit cards over their mortgages, according to a new study by credit rating agency TransUnion.
“Conventional wisdom has always been that, when faced with a financial crisis, consumers will pay their secured obligations first, specifically their mortgages,” said Sean Reardon, the author of the study and a consultant to TransUnion. “However, a recent TransUnion analysis has found that increasingly more consumers are paying their credit cards before making mortgage payments.”
According to the report, the shift in the percentage of consumers who choose to pay their credit cards over their mortgage payments first became apparent in the first part of 2008. Accordi
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