Thursday, May 12, 2016

Best travel rewards credit cards: Spring 2016

 
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'Cashing In by Tony Mecia
What to do when strange charges appear on bill
If there is a charge on your bill that you did not authorize, you should contact your issuer immediately.



 
'Opening Credits by Erica Sandberg 
Low utilization boosts balance transfer approval odds
Zero percent balance transfer deals are often reserved for those with high credit scores.



 
'Credit Smart by Susan Keating 
Don't close accounts after paying card debt
Using a cash-out refi to pay off card debt? Great. Closing the accounts after? Not so great.
$3,000 mystery: AmEx sends big refund, little explanation
One AmEx customer was surprised to get a big check, and an initial call to the issuer left more questions than answers.

Millennials will switch to credit cards over time
Many young adults prefer debit to credit, but chances are, they won't feel that way the rest of their lives.
Rate Report 
Credit Card Rate Report as of 5/12/16

National average 15.19% 
Low interest 11.96%
Business 13.12%
Student 13.42%
Balance Transfer 14.39%
Airline 15.17%
Cash Back 15.30%
Reward 15.30%
Instant approval 18.04%
Bad credit 22.56%
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