Credit Card Bonus

I know AMEX lets you buy stuff with credit points earned---what about others? I'm planning to make a big purchase and want a good bonus point type deal.

BOA has a worlpoints cards. For every $1 retail, you earn 1 point. The points that you earn, you can accumulate them and redeem for travel like airline tickets with no blackout dates, car rental, hotel, cruise, merchandise, gift cards and cash. BOA also has AMEX that has promo that you can earn double points for couple months. Go on their website and get more info.
Also make sure what APRs that you're paying.

2007-08-19 07:55:18 by Ophelia

Bonus- Credit Card Declined

NONE, unless you pay your bill in full EVERY month and NEVER carry a balance. If you pay them between 8-24% interest (or higher) and they give you next to nothing in return (a few miles, when you need THOUSANDS to fly), that's not really a good deal.

If you DO pay your balance in full EVERY TIME, pick the reward 1). you are most likely to use and 2). that will accrue the fastest. You don't want to wait years to be able to use the rewards.

2006-05-16 22:26:50 by John C

Price: $199.99

Built-in Wi-Fi
4GB internal memory
Whisper Quiet

I want to start building a good credit. I heard that Visa and Mastercard are the best. However, I'm searching for one that has no annual fee with great flyer miles or bonus points. Any suggestions on which credit card company I should choose?

My vote is for the Citi® mtvUTM Platinum Select® Visa® Card for Students

# Earn 5 ThankYou Points® for every dollar you spend at restaurants, bookstores, record stores, movie theaters and video rentals stores
# Earn 1 ThankYou Point for every dollar you spend on all other purchases
# Earn 25 ThankYou Points for paying on time
# Earn 200-2000 ThankYou Points twice a year for maintaining a good GPA
# Redeem points for gift cards, MTV events, and airline tickets
# No balance transfer fee with this offer
# No Annual Fee

To apply for this card click here: http://www.apeepa.com/card_details.php?c ardid=101

If you wish to research other student credit cards, please click here: http://www.apeepa.com/Student_Credit_Car ds.php

2008-06-25 06:54:06 by Julia C

Price: $49.99 $49.88

Sign up with or without a credit card
Buy 12 months and receive an extra month free
Gold lets you experience all Live content the day that it is put up

If you sign up to a credit card with a great bonus but never use it after, will it hurt your credit score? What if you do it multiple times?

You should never accept a credit card simply for a promotional bonus, especially if you don't plan to ever use the card. The fact that you have it, with whatever line of credit they have given to you, will forever remain on your major credit record, unless you take steps to officially close it - which in and of itself is viewed negatively by credit reporting agencies.

If you do have done it only once, consider it a lesson learned. Doing it multiple times is not at all good for your credit rating.

2007-03-29 18:01:34 by randomdude

I received a $5000 bonus check from my job this week and I have 3 credit cards, one with a $2500 balance, a $2300 balance a $3000 balance (but at 0% for 2 more months). Should I take my lump sum and completely pay off one card or should I spread the payment over all 3 in order to increase my credit score?

Way to go! Good choice on knocking down that credit card debt.

There are two considerations:
-- What gets the debt paid off the fastest? and
-- What is the best for my credit score?

The first one is easy: Paying the debt with the highest rate always gets you out of debt the fastest. Some people like to pay off the cards with small balances first, to give themselves a feeling of accomplishment and keep themselves going. If you're that sort, go for it. But putting money toward the debt with the highest rate is the most-effective method.

The second part is trickier, because credit scores are complex. But one thing is for sure: One key component of the score is the ratio of your used credit to available credit. That means that if your goal is to improve your credit score as well as cutting debt, you've got to look up your credit limits on your cards, and pay extra on the one that's closest to maxing out.

If you're lucky, the card with the highest rate is also the one closest to being maxed out. If that's the case, the decision is easy: Throw all the money at that card.

If it's a mixed bag, the decision is tougher, and it will be up to you to decide whether getting out of debt as fast as possible is more important than getting your score as high as possible. Once you figure that out, then it's just a matter of balancing your payments accordingly.

The only other question I would ask you is whether you have an emergency fund. If you don't, see if you can get another card with 0 percent when your two months run out. See http://www.creditcards.com/balance-trans fer.php for a list of balance transfer cards. Keep a balalnce at 0 percent as long as you can, and use the time to build up an emergency fund.

Good luck!

2008-01-06 10:54:06 by Paris P