American Express® Premier Rewards Gold Card – Review

When you think of a gold card the first thing that comes to mind is American Express®.

They are the one who put an exclusive card on the map. 

I’m going to show you what makes the American Express(R) Premier Rewards Gold Card special.

First off, don’t make the mistake of thinking this is a credit card, it’s not.

This is a CHARGE card.  That means that the purchases you make are expected to be paid off IN FULL when you get your statement.  There are some exceptions but for the most part this is a card for people who will be able to pay everything off every month (you should really aim to do that anyway).

Being a charge card means there is no pre-set spending limit for the card.  Not that you can go out and spend to your heart’s content though.  Your purchasing power will adjust to your spending habits, your payment habits, your income, and other factors that American Express takes into account.Continue Reading

Credit Card Delinquency on the Decline

Amidst all the negativity that sometimes shrouds credit cards there is some amazing news. For the first time in a decade, bank card delinquencies dipped below the 15-year average.  Earlier this month, the American Bankers Association (ABA) released a report announcing this good news.

According to the ABA’s report, credit card consumers overall have done a better job in meeting their debt obligations in the fourth quarter of 2010.  They indicate that this may be attributed to a slowly improving economy which allows consumers to better manage their debt.  Another contributing factor is that for the first time in two years, over 200,000 jobs were created; therefore the unemployment rate dropped to 8.8 percent.Continue Reading

Paying Taxes with a Credit Card: Pros and Cons

credit card on computer keyboard

Are you thinking of paying taxes with a credit card?

The thought of clearing a debt with the IRS in one fell swoop is certainly appealing, and if your credit rating is not in good standing in order to obtain a bank loan, that credit card can sure look good.

But is using a credit card to pay taxes a wise decision?

Before we explore the pros and cons of paying taxes with a credit card, let’s examine paying taxes through an installment agreement with the IRS.

First things first, contacting the IRS and working out an installment agreement is one possible option to manage your debt.  Complete the IRS Installment Agreement Request Form 9465.  If you owe $25,000 or less this process can be completed online.  The IRS may allow you up to 60 months to pay your tax debt.  Within 30 days the IRS should let you know if your request has been approved and what you will be required to pay.
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Citi® Hilton HHonors™ Visa Signature® Card – Review

When you travel, do you ever stay at a Hilton Hotel?

If you find yourself staying at one of over 3,600 hotels that are part of Hilton on a regular basis then you need to know about the Citi® Hilton HHonors™ Visa Signature® Card.

With a Citi® Hilton HHonors™ Visa Signature® Card, you earn Hilton HHonors points for your spending that can be redeemed things such as free nights in the Hilton HHonors network and more.
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Make Credit Cards Work For You By Earning Rewards

Credit cards have had a bad rap in the press lately; some credit cards have increased their annual percentage rates and some have increased their fees.  Most have made at least a few changes to the way they do business thanks to last year’s CARD Act.  However, if consumers are responsible with what they charge on their credit cards and are disciplined to pay off their balances each month, there are many benefits to using a credit card.
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Platinum Card® from American Express Review – The Premium Card for You

*Note – This particular offer isn’t currently available.*

The Platinum Card® from American Express has been around since 1984, but it has no problem keeping up with the changing wants and needs of its affluent customers.

The company’s goal is to ensure that the customer is taken care of, and that through benefits and points, the card will pay for itself.

While all the cards offer excellent benefits, the Platinum card’s Membership Rewards First program specifically focuses on making travel easier and less stressful (making it an excellent travel rewards card).

First off, understand that the American Express Platinum Card® is a charge card not a credit card.

This means you will be paying your balance off monthly.  That’s great since you won’t pay any interest on the card.  It also means there’s no pre-set spending limit (thought that doesn’t mean unlimited spending).
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Send Credit Card Companies A Message By Using Cash Only

Using cash instead of credit cards

A few years ago, it was a credit card user’s world. As long as you paid on time and didn’t go over your limit, you could have your choice of credit cards and interest rates.  However, with the Credit Card Accountability, Responsibility, and Disclosure Act (CARD Act) that went into effect last year, meant to crack down on credit card companies, consumers are finding that they are paying higher interest rates.  In addition, it can be harder to negotiate a lower interest rate.

I had a credit card for over 15 years that routinely offered an interest rate below 10%.  Now, the interest rate is 15.99%.  When I called to have it lowered, they would not negotiate with me as they had in the past.  When I threatened to take my business elsewhere, they were unfazed.  “Sorry,” I was told, “there is nothing we can do at this point.”
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