Best Credit Cards for You!

Travel for business? Listen up; MasterCard Worldwide and the Hyatt are set to offer you the benefits of the former’s enhanced folio data program. Businesses that use MasterCard corporate cards will be able to access line item expense data from their travel and entertainment activities at more than 12,000 hotels and resorts in the United States and Canada. The MasterCard enhanced folio data program offers you and your corporation high quality, detailed expense data which helps them more efficiently manage their corporate card programs and integrate expense reporting with existing financial systems. This gives you “level 3″ expense data, such as room charges, tax, meal, telephone and business center fees, among other itemized expense details. So join the more than 12,400 corporate clients and tap access to the MasterCard hotel folio data program now!

Tags: Hyatt

1. List all of your credit card accounts: Make a list of your credit card accounts, jotting down your current balance, the minimum payment, and the interest rate. When I did this my list followed this format: BOA Visa – $2,500 – $75 – 9.99%. (16 seconds)
2. Figure out which order you want to pay them off in: Next, decide what order you want to pay your credit cards off in. Either order it by starting with the lowest balance, or by starting with the highest interest rate. Paying of the high interest card will save you money in the long run, but there is something to be said for the emotional boost that comes from starting with the lowest balance and paying something of quickly. (7 seconds)
3. Decide how much you can pay toward debt reduction each month: Review your monthly budget, including expenses.

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Tags: Card, Credit Card

Let’s face it, the credit industry is complex and confusing. Hundreds of credit cards offer different ratios for miles, points, percentages of cash back, and other rewards. And now that we’ve gone through a roller coaster of a recession, getting approved for these cards may seem impossible for many of us.

I work daily with clients who want and need the use of a credit card. As many of their financial situations have been pummeled, rebuilding credit is the first step they must take. One of the most common misconceptions about credit that I encounter centers around three words: prepaid credit cards.

What Are Prepaid Credit Cards? The name implies similar use and benefits of any credit card, the only distinction being that you “prepaid” the balance. While they do have enormous worth, there are essential differences to consider:

Benefits of Prepaid Cards

Certain things in life (i.e.

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Tags: Cards, Prepaid Cards

I’m a big fan of the road trip. Whether we’re just going up to my parents’ for a couple of days, or planning something more substantial, I just like being on the road. It’s fun to see new things, and visit interesting places. However, with rising gas prices, hotel costs and the expenses associated with eating out while on the road, the cost of a road trip can quickly add up. And that doesn’t include admissions to some of the attractions you might want to visit along the way.

Of course, like so many other things in life, you can save a little money if you do some planning. If you have a general idea of your route, and what you would like to do, you can create a plan that will cost a little less than you might think. Here are some general ideas for saving money on your next road trip:

Look for Discounts

The first thing you should do is look for discounts.

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Tags: Road, Road Trips

Customers of Bank of America Corp. may experience a massive increase in credit card penalties, according to an announcement made by a company spokeswoman on Tuesday. The spokesperson said the major card issuer plans to hike penalty interest rates to as much as 30 percent for customers who miss payments in the coming months.

Bank Increases Penalty Rate to Compensate for Lost Revenue

In order to compensate for a large decline in revenue so far in 2011, Bank of America is making changes that could have a huge effect on its customers. Starting June 25, the bank will begin charging a penalty rate of as much as 29.9 percent for customers who make late payments on their credit card balances, the company spokeswoman recently confirmed.

The bank reportedly saw a decline in revenue to $5.6 billion in the first quarter of 2011.

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Tags: Card Penalties, Credit Card, Credit Card Penalties, Customers