Best Credit Cards for You!

Consumer credit card balances surged in March, according to new data from the Federal Reserve, breaking a two-month streak of declines and helping boost overall consumer credit balances by 10.2 percent — the single biggest increase in more than a decade.  

The Federal Reserve’s latest G.19 consumer credit report showed a strong 7.8 percent rise in revolving debt as more consumers pulled out their wallets and let their card balances swell. Revolving debt, which is made up almost entirely of credit card debt, rose by $5.1 billion in March to $798.5 billion.

March’s rise in credit card debt marks the first time this year card balances have grown. Consumer debt tumbled in the first two months of 2012, after rising steadily for four straight months. However, experts say that shrinking card balances in January and February were likely due to seasonal factors — chiefly, paying off holiday debt — and shouldn’t be taken as an indication that consumers are pulling back on credit.

Full Post…

Tags: Balances, Card Balances, Credit Card, Credit Card Balances

Angelina Federal Employees Credit Union provides an auto loan rate to drivers in Lufkin, TX that doesn’t distract members from where they need to go. The institution offers an auto loan rate of 3.75% APR which helps to save money.

Auto Loan Rate Terms and Conditions

Receiving the auto loan rate above is simple. First, borrowers must be an existing member of the institution or be eligible for membership. Loan financing is available at this interest rate for up to a 60 month term period. Standard credit history verifications and credit score requirements may apply.

About Angelina Federal Employees Credit Union

Members of Angelina Federal Employees Credit Union receive unyielding support toward their financial goals with high deposit rates and affordable loan rates.

Full Post…

Tags: Credit Union, Employees Credit, Employees Credit Union, Union

Having trouble figuring out what your interest rate is going to be on a new credit card offer? You’re not alone.

Consumers’ mailboxes are being flooded with new card offers. Some of these offers are simple and just advertise a single flat interest rate to every customer, regardless of their creditworthiness. However, many of those offers feature APR ranges — sometimes 10 percentage points or more — that are so wide that it’s hard to tell what interest rate you’ll actually have to pay until you receive the card.

“It makes it impossible for meaningful shopping to take place by the consumer,” says Josh Frank, senior researcher at the Center for Responsible Lending.”They have no idea what rate they’ll be getting.”

Card offers can be tough to navigate Credit card offers with APR ranges of 10 percentage points or more are unusual, says Nessa Feddis, vice president and senior counsel for the American Bankers’ Association trade group.

Full Post…

Tags: Credit Card, Offer

Owning a credit card can be a constant battle of weighing the pros and cons of making a payment in a timely manner.  Credit card payment versus groceries or utility bills or house payments for example and this struggle peaked according to reports, as the end of 2011 saw a spike in late credit card payment fees.  However, for cardholders out there, there is an alternative.  With the Citi Simplicity Card, youll never have to worry about late fees again.

The biggest benefit to being a Citi Simplicity cardholder is the benefit of never having to pay a late fee and no penalty rate.  For those that continually struggle making their payments on time, this gives an unrivaled peace of mind.

Couple that with their industry high 18 month 0% APR on purchases and balance transfer intro offer and you have a very solid credit card.  If you transfer a balance over to your new Citi Simplicity® Card, add 3% on top of it for the balance transfer fee, and you wont have to worry about any interest accruing for 18 months.  This is a vital helping hand for those currently walking that tight rope.  Over the duration of 18 months, someone can put a big dent or even completely wipe their credit card debt clean.  The standard interest rate is 12.99% 21.99% variable depending on credit history

• Live Phone Support Anytime you need some assistance with your card, Citi is there for you.
• Price Protection This isnt a benefit you see too often, but it can be very valuable for those making a lot of purchases.  If, within 60 days, you see one of your recent purchases for a lesser price, report it to Citi and get the difference credited to your account up to $250.
• Extended Warranty Another benefit of being a Citi Simplicity cardholder is being able to maximize your warranty on qualified purchases.  Instead of spending unnecessary cash on those pesky extended warranties when youre out purchasing that new laptop, dining room table, or flat screen television, you can walk away from those in-store warranty services with up to 12 extra months of protection from Citi.
• Citi Private Pass Always useful, but often underused are little programs and perks like this on your credit card.  If there is a concert or sporting event coming to town, you should check out Citis Private Pass to see if that event is listed there.  You could benefit from VIP options and pre-sale tickets not available to non-members.
• No Annual Fee The simplest of all benefits.

The Citi Simplicity® Card is a first rate balance transfer card.  With its 18 months of 0% APR and NO LATE FEES (cant stress that enough) this is a card to seek out if youre one of the millions of Americans that is struggling with debt or looking to really knock down your debt.  Being a Citi cardholder, you have a plethora of benefits that come with it.  Unfortunately, this is not a rewards card of any kind, which is its only real downfall.

Tags: Card

American Eagle Credit Union in St. Louis, MO puts the convenience back in transportation with an affordable auto loan rate. Members of the institution can receive as low as 2.50% APR when financing a new vehicle.

Auto Loan Rate Terms and Conditions

This auto loan rate applies to members with excellent an credit scores and strong credit background. Available terms range from 36-60 months for repayment, giving borrowers the option to choose the best financing plan that works with their budget.

About American Eagle Credit Union

American Eagle Credit Union supports members in the St. Louis metropolitan area and those residing in the Dallas, TX region. As American Eagle Credit Union branches out to help depositors across the country save smarter, the credit union’s products and services aim to go above and beyond their members’ expectations.

Full Post…

Tags: Apr, Credit Union, Eagle Credit, Eagle Credit Union