Banking & Finance InformationBank CD RatesBank Mortgage Rates Bank Savings Accounts blog.HSH.com/Mortgage News CD Rates Certificate of Deposit Accounts FDIC Insured Up To $50 Million Credit Union CD Rates Credit Union Mortgage Rates Credit Union Savings Accounts FHA Mortgage Rate Information Looking for the Best Mortgage Rates Mortgage Rates Mortgage Refinance Rates Personal Finance Rates Mortgage Refinance Rates Savings Accounts Banking ArticlesSelect a Credit Card CategoryCitibank is advertising their Diamond Preferred MasterCard. The credit card has an introductory credit card rate of 0% for the first 15 months for purchases and balance transfers. The 0% credit card offer is based on your application and credit history. After the initial 0% period the credit card rate can be either 12.24%, 16.24% or 20.24% depending on your credit card application and credit card history. The cash advance credit card rate is 25.24%. Citibank’s Platinum Select Credit Card also has an introductory credit card rate of 0% for the first 15 months based on your application and credit history. After the initial period, the credit card rate can be either 11.99%, 15.99% or 19.99% based on your application and credit history. The Citibank’s Platinum Select Credit Card also has a cash advance rate of 25.24%. The cash advance fee is 3% which isn’t a bad deal since many banks have recently raised the cash advance fee to as high as 5%. For more information about Citibank’s credit cards and current credit card rates go to citibank.com. Bank of America is offering three credit card offers. The credit cards include a BankAmericard Cash Rewards Visa Signature Card, a Bank of America Accelerated Cash Rewards American Express Card and a BankAmericard Power Rewards Visa Signature Card. The BankAmericard Cash Rewards Visa Signature Card has a 0% introductory credit card rate for the first 7 or 10 statement closing dates after opening the account based on your creditworthiness (credit history). After the initial 0% credit card rate period, the credit card rate can vary between 12.99% to 20.99% based on your credit history. The Bank of America Accelerated Cash Rewards American Express Card also has an introductory credit card rate of 0% for the first 7 or 10 statement closing dates after opening the account based on your creditworthiness (credit history). After the initial 0% credit card rate period the credit card rate can vary between 12.99% to 20.99% based on your credit history. BankAmericard Power Rewards Visa Signature Card also has an introductory credit card rate of 0% for the first 7 or 10 statement closing dates after opening the account based on your creditworthiness (credit history). After the initial 0% credit card rate period the credit card rate can vary between 12.99% to 20.99% based on your credit history. All three credit cards have a cash advance credit card rate of 24.24%. For more information about Bank of America’s credit cards and current credit card rates visit bankofamerica.com. Chase Bank is advertising their Chase Freedom Credit Card and Chase Slate Credit Card. The Freedom introductory credit card rate is 0% for the first six months. After the initial period, the credit card rate can be between 12.99% and up to 22.99% based on your credit history. The Chase Slate Credit Card has a 0% introductory credit card rate for 12 months. After the initial 0% period the credit card rate is tiered based on your credit history. The “Elite” credit card rate is currently at 13.24%. The current “Premium” credit card rate is 17.24% and the “Standard” credit rate rate is 22.24%. Cash advance credit card rates are higher for both the Freedom Card and the Slate Card. Neither card has an annual fee. The Freedom Card gives you 5% cash back on certain purchases and 1% cash back on other purchases. You can also receive up to 20% cash back on select merchants when you shop online though Chase. For more information about Chase’s credit cards and current credit card rates visit chase.com. Jax Metro Credit Union of Jacksonville, Florida, is advertising two credit cards that have very competitive credit card interest rates. The credit cards are a Platinum Visa Credit Card and a Classic Visa Credit Card. You can apply for both types of credit cards online. The Platinum Visa Card has an annual percentage rate (APR) of 8.99 percent. Here is a list of the Platinum Visa Credit Card benefits:
The Classic Visa Card has an APR of 12.99 percent. Following is a list of the Classic Visa Card benefits:
For more information on Jax Metro Credit Union’s credit card offerings visit: jaxmetro.org.
The new credit card rules in 2010 include new rules on how and what credit card companies have to tell you about your credit card bill. There are also new rules on credit card rates and credit card fees. Looking for a credit card? Search for the best credit card here. Best Credit Cards. New Credit Card Laws 2010
Looking for the lowest credit card rates? Compare credit cards offers here. Lowest Credit Card Rates. American Express is offering special deals for their credit card holders. Some of the offers coming up in the near future include a $100 Bed, Bath & Beyond gift card that costs $50, a $200 Best Buy gift card that costs $100 and a $50 Barnes and Noble gift card that will cost you only $25.00. American Express if offering different deals each day and you can sign up for weekly alerts to find out in advance what the sale times are each day. There is a limit of the number of deals available for each deal, usually between 25 to 100 depending on the deal. American Express Corporate credit cards and prepaid cards are not eligible for these deals. For more information on American Express credit card deals visit American Express Daily Wish here: Daily Wish
For example: You have a credit card balance of $10,000. For half the balance, $5,000, you are being charged a rate of 19.99%, the other half you are being charged a rate of 14.00%.
Applying any extra principal payments towards the balance with the highest credit card rate is only one of the new credit card rules that take effect on Monday. For a complete list of new credit card rules that take effect on Monday read: “New Credit Card Rules – How the New Credit Card Laws Affect You.”
The new rules and laws were enacted to prohibit certain credit card acts and practices that were deemed unfair. The new credit card laws were also enacted to improve how credit card information and credit card rates were disclosed to consumers. Credit card rates have been going higher because starting February 22, 2010, your credit card company cannot increase the credit card rate for the first 12 months of opening your account. Even if your credit card rate does increase after the first 12 months, it will only increase for new purchases. The rate cannot be increased on existing balances. There are exceptions to these rules like if you are more than 60 days late on a payment. In addition to credit card companies charging higher credit card interest rates, they have also been raising credit card balance transfer fees. Most credit card companies used to charge around three percent for a balance transfer. Now the average balance transfer fee is around four percent and some banks even charge as high as five percent for a credit card balance transfer. Most credit card issuers don’t have a maximum fee cap for balance transfers. Factor in the fee and the zero percent credit card rate isn’t really zero percent. The new credit card laws and credit card rules will help consumers, but will also hurt some consumers, especially those who payoff their credit card balances every month and those who prefer rewards credit cards. Credit card issuers have started charging monthly credit card fees if you don’t use your credit card for a certain period of time. Getting a fixed rate credit card is a lot harder these days. Most banks have been pushing variable rate credit cards since variable rate credit cards will make more money for banks. You can start your search for the best credit card rates right here at MonitorBankRates.com: Best Credit Card Rates.
The credit card rules include new rules on what credit card companies have to tell you, new rules on credit card rates, credit card fees and credit card limits. Looking for the best credit card rates? Search our credit card tables. Best Credit Card Rates. Some of the most helpful rules for consumers is that credit card companies have to tell you how long it will take to pay off a credit card if you only make the minimum credit card payments. In addition, if you make more than the minimum credit card payment any month, your credit card company must apply the excess amount to the balance with the highest credit card interest rate. The new set of credit card laws that take effect February 22, 2010 include:
Looking for the best credit card rates? Search our credit card tables. Best Credit Card Rates.
Discover Bank is offering a $75 cash back bonus on their Discover More Credit Card. To receive the bonus you have to make $599 in credit card purchases within the first three months of being approved for the credit card. Looking for the best credit card rates? Search our credit card rate tables to find the best card for your needs. Search Credit Cards This offer is good until January 20, 2010, so you have to apply for the card before then. Once you have made $599 in purchases, the $75 credit card bonus will be applied to your credit card account within eight weeks. There is also a 0% credit card rate introductory offer for purchases until July 2010 and a 0% balance transfer offer until November 2010. The balance transfer fee under this offer is 4%. Once the introductory credit card rates expire the interest rate you pay will be between 11.99% and 17.99% depending on your credit. If you’re late making a payment, the introductory period will end and the credit card rate can increase to as high as 29.99%, so don’t be late! The cash APR is a 23.99% variable rate. Tip: If you are late making a credit card payment, call the credit card company and ask them to waive the late fee(s) and keep the interest rate the same. If you haven’t been late making a payment recently the bank will probably give you a break but you’ll never know unless you call. There is also a 5% cash back bonus for certain purchases throughout the year and a 1% cashback bonus on all other purchases after your annual purchases exceed $3,000. The first $3,000 earn a cashback reward of 0.25%. To apply for this credit card deal go to www.apply.discovercard.com and use Invitation Code: DAAG. You can also apply by phone by calling 1-800-210-9022. |