Credit card interest rates can make anybody’s head swell with pain and frustration. Of course, a lot of people cannot avoid it because of the convenience of card transactions. Credit cards have definitely become a staple in the lives of many people especially since the credit card has been in the market for over fifty years.
To make a credit card work to its fullest potential and to your greatest advantage, you should make use of the best credit card rewards that are available. Contrary to what a lot of people think, using credit cards for commercial transactions is not its sole benefit. Not knowing the other best credit card rewards available for you could be comparable to armless battle.
There are … (more) January 7, 2010

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About a year and a half ago, the U.S. Mint started selling one dollar coins directly to the public via their website. They also offered free domestic shipping and charged face value for the coins, even if the buyer paid with a credit card. Can you guess how people took advantage of this?

The $800k Coin Purchase…
According to the WSJ, one buyer raked up an astonishing $800,000 in coin purchases. Allegedly, he did this to earn the rewards on the purchases, then turned around and cashed the coins in at a bank. Assuming he earned the typical 1% cash back, that equals out to be an $8,000 profit!

Reportedly, the news of this credit card “deal” spread through online forums and message boards, resulting in tons of people doing it for the exact same reason… easy cash back and miles. Although this scheme wasn’t illegal, it wasn’t exactly what the U.S. Mint intended (they were trying to increase the usage and popularity of the dollar coin).

If You Were Thinking of Trying This…
While reading this post, I bet some of you were thinking it sounds like a good idea! (Off the record, I might have thought the same thing today when I found out about this too, ha!) However as it turns out, this “deal” no longer works. The mint has now changed its billing so these coin purchases are counted as cash advances instead of purchases. A credit card cash advance doesn’t earn rewards and the interest usually starts accumulating immediately from the time of purchase. So if you were thinking about doing this, think again

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I don’t think there’s anything quite like coming home for the holidays for some warm holiday cheer. Family and friends make the festive season truly special. In fact, whenever I hear Perry Como singing “Home For The Holidays” it still brings me back to my college days when I traveled home on my winter breaks. It was a simpler time back then and one that I truly treasured. However, I wasn’t able to benefit by merely flying home like students today. I couldn’t use the cost of my flight to score some sweet merchandise, but you can. You can be rewarded for coming home for the holidays.

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Most great credit card companies now offer their outstanding clients credit card rewards. This gives the cardholder a chance to gain prizes whenever they use their card. It is considered a great incentive for clients who do not use their cards that often. The more customers receive rewards, the higher possibility that they will use credit cards more frequently. Credit card companies understand that they gain more profit when clients use their cards, so a reward process is profitable for both cardholder and creditor.
Cards that offer credit card rewards have slightly different programs than ordinary cards. Some offer cash back reward, which functions by giving cardholders a share or percentage of the money they have spent. This process is usually … (more) November 12, 2009

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Credit Cards: Both a Blessing and a Curse?
Having a credit card could be both wonderful and frustrating. While the interest rates could give you so much pain, the lure of making paperless purchases is quite convenient and easy. Besides, it has been fifty (50) long years since credit cards were first introduced into the market, and today’s modern lives cannot be fully functional without using the mighty plastic.
The trick then is to use credit cards to its fullest advantage. Having a credit card in hand and merely using it for purchases should not be the end of your consumer story. Imagine yourself going to the battlefield without any ammunition and without any knowledge about your enemy. This is the very … (more) September 26, 2009

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