Redeeming Discover Cash Back Rewards Just Got Better
Discover card is pleased to announce that they have improved the cash back rewards program and made it a little easier and more fun to use. Discover is a great credit card to have as it offers 3% cash back and you get rotating rewards that offer up to 5% cash back every quarter. I use this card for most of my purchases and then use it strictly for gas during the summer as the rewards on gas are the highest at that time.
The biggest changes come in the form of :
- Improved Navigation
- Quick Find
Build Credit History With The Public Savings Bank Secured Visa (Guest Post)
For individuals with no credit or those who have experienced a negative credit event like divorce or foreclosure, establishing credit history can be a real challenge. Without proper credit, everything from a car loan to an apartment to a cell phone contract can be denied – and sometimes, even a job.
When faced with problem credit, many people rely on prepaid cards to manage their daily expenses. However, prepaid cards simply provide access to one’s own money, not credit from a lender. These cards do not report to credit bureaus and do not help re-establish credit history. People need to demonstrate on-time monthly payments on a credit card in order to rebuild that important credit history.
Another Reason Why I Use Credit Cards For EVERYTHING
I recently received a bill in the mail for something I already paid. My first thought was to go to my monthly receipt envelope to find the receipt, which I did while calling up the organization to tell them I had already paid. For some strange reason I could not find the envelope of receipts for that bill but then decided to check my credit card statement online (which really should have been step one) to search for that bill.
Credit Card Debt Free!!! (sort of)
I am officially credit card debt free as I sent off a humongous payment to the very last card that I carried a balance on. It feels great to be free of that debt and the only thing I have left to worry about is the car loan.
I Lost A Credit Card
I did not actually misplace the card..it was closed due to inactivity. I received a letter in the mail telling me that one of the credit cards that I own was closed because I had not used it in a long time. It was not one of my older cards, nor was it a card with a high limit so I am not too upset at losing it. I had been thinking about reducing the number of cards that I have and just keeping the three oldest ones which also have the highest limits and best rewards.
6 New Credit Card Rules
So today February 22, 2010 the new rules for credit cards went into effect. What does this mean for you? Well in general the new rules help to protect customers better and should help you to pay down your debts even faster.
1. No New Rates On Old Debts
The credit card companies cannot raise the interest rates on existing debts that you racked up before the new rules pass. This means that your rate will stay the same or go down if you get lucky, as long as you pay on time. The exception to this rule is that if your payment is more than 60 days late they CAN raise the rate.
LASIK Card Is Paid Off
I sent off a payment of $618 to the LASIK credit card as that was the final balance. I noticed that the payment has posted and the card is now at a ZERO balance.
I am very happy that I got this card paid off because the interest rate was about to go into hyperdrive in January. I am now taking the money that I used to pay to that card and applying it as a snowflake payment to the last credit card that I have which has a balance. Now the outstanding debts I have are:
New Debt Target
I have been working on getting my debts down through various methods of saving and snowflaking and I am pleased to announce that I now have three major, interest bearing debts left.
1. Car loan
2. Citi Card
3. LASIK Card
Now the LASIK card is the credit card that I used when I got LASIK some time ago and the zero percent interest rate ends in January of 2010. If the balance is not paid in full then the interest becomes retroactive from the date of purchase and I do not want to pay that. My focus recently was on getting some other debt under control but I can now focus on getting the LASIK card paid off in December so that I do not have to pay interest on it.
