Best Credit Cards for You!

In these difficult financial times you need a bank that is available to not only for your needs but also the needs of your local community.

For nearly 200 hundred years Eastern Bank have been on hand to help generations of families and individuals and companies to obtain and fulfill their dreams. We have achieved this by having an honest set of values that result in a service that always puts the consumer first. It is because of this that we here at Eastern Bank have rapidly grown to become the biggest independent mutually owned bank, and we have gained a respectable reputation as a bank that cares for their customers and its staff.

So when you are looking to obtain a new credit card then you should look no further than an Eastern Bank Visa card.

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Tags: Bank, Eastern Bank

When you apply for a business credit card you can begin to establish a credit file for your business rather than have business expenses (or problems) intermingled with your personal credit rating. The business credit cards work much the same as personal lines of credit.

These cards are often opened in the name of your company and have more flexibility in your credit limit if your company is well established. If yours is a start-up without a track record as yet establishing credit for the business is a critical step to take.

Annual Percentage Rate (APR) charged for business credit cards average one to two percent lower than that of personal credit accounts. Some lenders offer extra incentives to lure commerce accounts. This is an unethical strategy but it is not illegal. In other words, do not rush and apply for a business credit card immediately.

Instead, take your time and compare the various offers before making your decision.

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Tags: Business Credit, Business Credit Card, Card, Credit Card

Hi Erica,

February 2012 will be a year since my bankruptcy was final. Where can I find a card that starts out as prepaid and then will turn into a regular credit card? I heard on the Howard Clark show on CNN that just a prepaid wont help reestablish my credit unless its the kind will switch to a full credit card eventually. Kevin

Dear Kevin,

Congratulations on the anniversary of your bankruptcy. I hope you used these past 10 years well.

When you left your debts in the courtroom, whatever income you had should have been free to go toward vital household bills like food and utilities. Maybe you’ve begun to set aside cash for periodic expenses and unexpected emergencies.

Such is the beauty of bankruptcy.

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Tags: Bankruptcy

When you set New Year’s resolutions, you likely think about things that have gone wrong in the past (or just not as well as you’d hoped). For example, you might feel like you don’t earn enough so you set a goal to increase your income. Or you focus on the mistake of getting into too much credit card debt and you resolve to pay off that debt in the following year.

There’s nothing wrong with using mistakes and less-than-ideal situations as a base for New Year’s resolutions. But look past those and you might also find motivation in past successes.

Fixing Mistakes is Great…

Certain New Year’s resolutions (like paying down debt) are popular for good reason. They involve problems that consumers know they need to fix. It makes sense to want less debt, especially if you’re struggling. It makes sense to improve your budgeting so you don’t go into more debt in the future.

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Tags: New Year’s, New Year’s Resolutions, Year’s, Year’s Resolutions

There was some good news for Business consumers who use Bank of America Merrill Lynch accounts for their travel expenses as the bank announced that they will be making European transactions easier in the coming year.

A pilot program has been declared a success and the subsidiary of Bank of America is now set to roll out Chip and PIN cards to their business customers early in 2012. The chip and PIN system is fast becoming the global standard and is taking the place of the magnetic strip on most credit and debit cards across Europe and the rest of the world. The exposed EMV microchip is inserted into a payment terminal and the consumer is asked to key in a PIN (Personal Identification Number) to verify the transaction.

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Tags: America, America Launch