Cash It Back with Credit Cards

What is a cash back credit card? A cash back credit card gives annual rebates or gives back money to the card holder based on how much have been purchased with it. This type of credit card is suitable for those who rarely use cash in their transactions. The rebate is computed as a percentage of the total amount charged to the credit card in a year. Usually, rebates are between 1-2%. Some can even go as high as 3%. Are rebates always in the form of cash? Strictly speaking, cash rebates should be in the form of cash. But now that card companies are diversifying, rebates may now come in the form of gift certificates and discount coupons.

This somehow blurs the line between and among the different types of credit cards mentioned in the first paragraph of this article. Some cash back credit cards offer upgrading of membership status which allow their members to more discounts and gifts during anniversaries and holidays like Christmas and birthdays. Moreover, some credit card companies also have partnerships with other consumer products that entitle their members to added product discounts in future purchases. What banks offer cash back credit cards? There are many banks that offer cash back credit cards in kind. They usually have a rewards program for members wherein card holders receive gifts and discounts courtesy of partner product companies; discount coupons to hotels, restaurants, specialty stores; and travel miles for non-travel purchases. Below are some banks that offer cash back benefits.

1. Citibank

2. Chevy Chase Bank


4. Royal Bank Avion (Canada)

5. Standard Chartered Bank Are cash back credit cards offered only by banks? No. Since business establishments are innovating their services and benefits for their customers, some of them offer cash back to their loyal customers e.g. Discover Card (Discover Magazine). Aside from giving book and magazine discounts, airline miles are also offered by Discover Card. Big grocery stores such as Krogers, Wal Mart, and Bi-Lo offer cash back but in the form of cash certificates and discount coupons.

How does one get a cash back credit card? Since almost all credit card companies (e.g. banks, stores, airlines) offer cash (or in kind) back benefits, all that has to be done is to file an application in any of their office or stores, or signup online by visiting their web sites. Just be a word of caution for online applications, make sure that the transaction is made through a secure internet connection since identity theft has become rampant with the advent of credit card use.

CPP_author Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

Can You Be Sued For Credit Card Debts

People often ask can you be sued for credit card debts and the short answer is yes you can. You owe this money and you need to repay it or your creditors will take action against you. But the good news is that there are various laws and regulations in place that these financial institutions must adhere to. You, as a consumer, are very well protected especially when compared to practices outside of the US. There are two types of law, State Laws and Federal Laws. Every State will have their own rules with regard to debt collection so it is best if you read up on your local ones. Your bank or financial institution will be able to provide you with a copy of the relevant laws. There should be a statute of limitation which will dictate how long your creditors have to file a lawsuit to recover their money.

This does vary but usually lies within 3 to 10 years but you should check. Federal laws apply to everyone regardless of where you live. The law you are probably now most interested in will be the Federal Fair Debt Collection Practices Act. This law covers how your creditors must behave when attempting to collect monies due.

It also dictates where and when lawsuits can be filed if you live in a different state to your creditor. Another act you should familiarize yourself with is the Credit Card Reform act. Depending on your age and circumstances, you may find that some of these provisions are relevant to your case. If you are having problems repaying your debts, make an emergency appointment with a local debt counseling service. You should be able to find a free advisor in your area such as one provided by a charity. If possible avoid the paid debt negotiation advisors as any spare funds you have should be directed towards repaying your creditors.

Your advisor and the people you owe money to will want to see a full income and expenditure account. You will need to write down exactly how much money you make from all sources and what you spend this money on. Some debts are a priority meaning that you should always pay these first but your advisor will go through this with you. Whatever you do, do not ignore the situation you are in. It will only get worse. All credit card debt problems can be resolved one way or another. Bankruptcy is always an option although one you do not want to enter into lightly and definitely not without proper advice. Suing you isn’t your creditors’ only option.

They could sell your debt onto a third party company who won’t care what your personal circumstances are. But if you have had a good record with your bank and your money problems are recent, you may find that they are willing to work with you to reach a solution. So now you know the answer to can you be sued for credit card debts is yes, you need to do everything you can to avoid this scenario.

Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

The Bad Credit Card That May Do Good.

Millions of people use credit cards all around the world. A huge chunk of those users made mistakes when dealing with their credit cards. The consequence of the errors is costly. A lot end up in debt and most of the time these are the people who rant about the credit card being the devil. But fact of the matter is, this is not the case. When used properly, credit cards are very good financial tools. Credit cards are not necessarily just for people who have large sums of money to use.

There are some cards even for the financially challenged, and these are called the: ?Bad Credit Cards.? A bad credit card is just precisely that: a card with a very bad or low credit limit. There are two types of credit cards: there is the secured and the unsecured credit cards. Unsecured credit cards are the accounts that are free from the limits of a bank account. The limit of credit is up to the bank?s discretion and not up to the size of the bank account. If the bank thinks that a person is deserving of a bigger credit, then it will be given. This is the usual type of credit cards in the market and is fairly popular among the card shopping people. These are also the cards known to be more respected by other companies. These are also the cards known to send people to a very deep debt.

This is the type of credit card that should be avoided if the applicant is already in a financial mess. The secured credit cards are the bad credit cards. These cards are grounded on the size of the account a person has. For example, if a person has a $1,000 balance, then that is all the credit a person is going to get. If there is a point where the balance reaches $0, then the person should go and ?re-fill? the account. The bank limits the credit to the money already present to avoid overspending, thus preventing even deeper debt. This will monitor the expenses of the person and will help the development of a financial recovery for some. These credit cards are also known as ?pre-paid credit cards? for there is only a fixed amount that can be used and the holder is the one who puts it there.

CPP_author Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

Settle Smart: How To Do Credit Card Payment

The first step in doing a credit card payment is to understand your monthly billing. The following are terms you will encounter: Statement date ? The date that the bill was printed. Payment due date ? this is the day that the cardholder must pay any outstanding balance. Payments made after the said date will be credited, but will also be fined a lateness fee. Total Amount Due ? It consist of the unpaid amount from the previous month, as well as purchases, payments and interest charges for the current month. When the cardholder pays this amount on or before the payment due date, no interest charges will be imposed.

Minimum Amount Due ? this is a smaller fraction of the total amount due. To maintain a good standing with the card company, pay at least this amount, if you cannot afford to pay the total amount due. Finance charge ? if the cardholder is not able to pay the total amount due, then he is charged a fee for borrowing money from the company. It is calculated based on the interest rate of the card. For detailed information on how this is calculated, go to Late charges ? Paying or not, after the payment due date, is penalized with late charges. Avoid this as much as possible as this is almost 2X the interest rate of the finance charge. Consistently missing payment may lead to cancellation of the card and a bad credit standing.

Having understood the information on your monthly bill, here are simple strategies for paying your credit card charges: Always pay the total amount due. Paying only the minimum amount due means being charged for a high interest rate on the unpaid amount. If you cannot pay the total amount due, pay as much as you can above the minimum amount due. This strategy aims to reduce the finance charges that you have to pay for settling partially. Do partial payments as early as possible (as soon as you receive the billing). Finance charges are based on the unsettled amount and the time it remains unsettled, so the shorter it is, the lower it will be for finance charges. Some card companies reward loyal cardholders by accumulating points for their spending.

Check if reward points can be credited back as payment. Lastly, pay the total amount due. Just to emphasize the point! There are many avenues to pay your card bill. There?s the traditional way of waiting in line, or the faster way of paying electronically through your computer, cash machine or mobile phone. With all these conveniences at hand, it is quite unforgivable to miss your payment due date. Therefore, settle smart: pay the total, pay on time.

CPP_author Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

How to Do a Credit Card Debt Consolidation.

Credit card debt consolidation allows you to pay your current debts in 3-6 years. Under a debt consolidation plan, terms and conditions change. The purpose of debt consolidation is to speed up your paying time and at the same time makes lower monthly bills. Always make sure that the new cost of the consolidated loan is truly less than what you are currently paying for to the various creditors. Not getting the lowest available interest rate has always been a problem faced by consolidation loan applicants. Be sure that there is something to secure the loan like your house for example. Calculate the interest and the fees of all your existing accounts to see the total payments you?re making at present. After computing this, compare the figure with the consolidation loan amount. This will determine if you?re making a better choice or not. If you?re already under a consolidation loan, be sure to make your deposits on time.

This will assure your creditors that you really intend to pay for your debts. Having delayed payments might cause the creditors to resume the normal collection activities and what?s worse, they might turn it back to the regular interest rates and fees. Be sure to keep in touch with your consolidation representative. There may be instances that your account will be turned over to a collection agency. Keeping your agent updated on the changes will help you solve your problems. Pay your credit to your consolidation company. They are the ones that divide how much goes to each creditor. Always check on your creditor?s statements.

It is your duty to monitor the monthly statements sent to you by your creditors. Check if your creditor has reduced the rates. They should also have the late fees stopped. Also check if your debt consolidation company is paying your creditor the right amount. There are many types of debt consolidation loans available. There could be a loan that would take you a longer time paying but has a higher interest rate. There are also loans that offer short payment duration and a lower rate of interest.

If you could not pay for a larger amount every month, you could choose consolidation loans that offer a longer plan. Rates of the consolidation loan also vary. There is the variable rate debt consolidation loan that allows you to make extra repayments anytime with no extra cost. However a fixed rate debt consolidation loan will only accept fixed repayments for the duration of the loan.

Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

How to get a higher credit card limit

Almost all credit card holders are aspiring for a higher credit card limit. This is because a higher credit card limit will enable them to make otherwise unaffordable purchases. Credit card holders need to remember that to get a higher credit card limit; they must abide by the terms and conditions of the credit card company or bank. Below are other ways to get a higher credit card limit. ?

The most important thing to do to get a higher credit limit is to prove your creditworthiness. This is the number one thing banks and companies look for in giving a higher credit limit. ? Attract positive attention from the credit card company or bank by paying finance purchases once in a while. However, it is not advisable to make this method a habit and should only be done as a last resort to increase your chances of getting a higher credit limit. ? Proving credit card companies and banks that you are good borrower would definitely convince them to give you a higher credit limit. But be careful as such strategy could only serve the benefit of the companies and banks.

A higher credit card limit means greater purchasing power but it also increases the potential of the credit card companies and banks to earn through you through increased interest charges and other fees. ? Always spend within your credit card limit because doing so means that you are capable of controlling your expenses. ?

Use your credit card regularly. Don?t keep your cards for emergency use only. If you sue your credit card sparingly banks and credit card companies will be unable to understand your spending and pay back behavior and would be reluctant to give you a higher credit card limit. ? Never make minimum payments. Instead, try to pay for the entire outstanding amount. This would give you better chances of getting a higher credit card limit. ? Avoid late payments as much as possible. Not only do you increase your interest, you also have to pay an additional fine for not clearing bills on time. This would dim your chances in getting a higher credit card limit. ?

The best and simplest strategy to get higher credit card limit is to use your credit card wisely. Always keep in mind that credit card companies keep a record of your transactions and payment pattern so always pay your dues on time and never make late payments. Your performance in the records of banks and credit card companies will determine whether you?ll get a higher credit card limit or not.

CPP_author Howard Martell is the Owner of Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

How to avoid credit card pitfalls?

Seeing people buying food or shopping clothes using credit cards has been commonplace these days. The phrase "Charge it!" has become a favorite expression of card users, and has been commonly heard in shops, dining places, and elsewhere. After all, who does not want to use these credit cards? Easy to use, these sleekly-designed cards can be used to buy practically everything in commercial establishments regardless of how much (or less) money does one carry money in his wallet. Short of cash and hungry? No grocery supplies? Going to a party but no money to buy that dress you’ve been drooling for? No problem!

Your good ol’ credit can care of that for you. No worries. Credit Cards: Not Free Money But wait. A credit card spree may be fun, but that doesn’t free you from responsibilities in paying the expenses you incurred from using your credit card. Credit cards, after all, are interest loans in disguise. Typical credit cards ask for a number of charges, including: " A finance charge, which is an interest charge for the unpaid portion of your monthly bill; " An annual membership fee; " Or if you’re paying after the deadline, there is also a late payment fee which could have a higher interest rate. In fact, many credit-card holders face credit-related problems. Poor purchasing decisions, lack of information on credit card fees, and disregard for upcoming credit payments are among the reasons why many credit-card users are often hard-pressed in paying their debts. Some are not even able to pay for the actual purchases they made, just barely managing to pay credit card company charges. Before you get drowned in a sea of debt, here are some tips to help you manage your credit-related expenses:

" Be credit smart. Applying for a credit card application means you are ready to assume the responsibility for paying your credit. You and only you – not your parents, spouse, or whoever – is responsible for that. " Use your credit cards wisely and sparingly. Remember: Paying goods and services using credit cards are more expensive than using cash or checks. Credit payments include interest and other fees. Use credit cards as sparingly as possible. If you really need to use credit cards, carry only the cards that you will actually use. " Use credit only if you are sure you can repay it. Paying your debt on a credit card using another does not count. " Avoid impulse shopping on your credit card. "

Use credit for money emergency only. " Seek credit counseling as soon you see financial problems on the horizon. CPP_author

Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

How to avail of Credit Card Point Redemption

I have a friend who?s a frequent traveler who?s most of the time always out of the United States. While he?s always traveling, his purchases done in other countries are done over his credit cards. He prefers using his frequent traveler credit card in buying his plane tickets as these that allow him to accumulate travel air miles. Whenever he buys plane tickets, can always redeem his accumulated travel miles to avail of discounts on his plane ticket or if he has accumulated a lot of air miles already, he can use them in buying his plane tickets alone. He does have other credit cards that were offered to him from US merchant stores.

The only problem he has is as he?s always out in other countries, while he?s able to use these credit cards, he may not be able to always to use his accumulated points from those merchant sponsored credit cards because he seldom goes to those stores anymore. In availing of credit card points other than air miles, are there other ways of redeeming them assuming that an individual may not be around all the time to shop back in the locally based stores that co-sponsored those credit cards? The answer is yes. While an individual may be out of the country on business or leisure, the advantage provided by the internet has allowed consumers all around the world with much flexibility and benefits. Accumulated rewards points from credit cards offered by major US based merchant stores can also be redeemed online whenever he may make purchases over the internet. A person making a book purchase online using his credit card sold to him also by the same online book retailer he?s buying the book purchase right now for example may redeem his rewards points in the form of redeemable gift checks that he can later use to buy other books and have them sent over to his house in the US or send as a gift to friends or loved ones.

In order determine the number of points a person has accumulated from his purchases from his credit cards that he can later on redeem for new gift items, appliances or even equivalent travel air miles, these can also be tracked and checked from the credit card companies? websites. Credit card companies have their own hotline numbers for inquiries on redeemable rewards also. It?s important to know the equivalent number of points that will be needed to redeem the equivalent items so that the credit card user may maximize the benefits and rewards that his credit can offer him on a longer-term basis.

CPP_author Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

How to Apply for a Credit Card Online

The average American mailbox gets sales pitches from credit card companies at about two a day. With this overload of information, choosing the best product that fits your needs can get pretty overwhelming. The sheer number of brochures and application forms not only make it inconvenient to make an intelligent choice, but also adds to unnecessary clutter. This is where the advantages of applying online for a credit card comes in. It?s easier to make head-to-head comparisons, because of the relative simplicity you can retrieve the latest information about your prospect credit card product. And once you?ve made your choice, it?s just a matter of pounding at your keyboard and clicking those checkboxes. No manual, long-hand writing each letter of your name in those annoying boxes. What a great, great consumerist world we live in. So, what to remember when hunting for a good deal on a credit card online? Here are a few tips:

1. Know thyself. What do you need the card for? Is this your first time to get one? Where would you most likely use it? All these are basic questions, and ones that cannot be stressed enough. You don?t want to end up like more than half of Americans who end up buying things they?re not sure they need with money they?re not sure they have.

2. Be internet-savvy. There are a few websites that facilitate a simple side-by-side comparison of different credit card products, but usually it?s a marketing tool of only one credit card company. If you?re interested in comparing products from one company to another, you?ll still have to go to each company?s website. This still beats having to deal with all that paper, though.

3. Read the fine print. This is as good a time as any to do your homework. Often times when we read from a brochure the company sent us, they conveniently leave off a lot of vital information about the product. Calling their helpdesk may help, but that?s just another hassle. And anyway, if you still have specific questions, there?s usually an email link you can use to field them.

4. Make sure you?re secure. This is a sophisticated techno-world we live in. If you have to, invest in security software that will protect you and how you surf the internet. This also applies to when you?re already going through the application process itself. The credit card industry is a multi-billion dollar business. Competition for market share has kept up with the times, and that means using the internet to lure more clients. You as a consumer can use this tool to your advantage, and it won?t be that easy. But it will certainly be worth it, if you get the hang of it. Just remember your goals why you?re getting that plastic money in the first place, and try to do your homework.

CPP_author Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.


Nowadays, everything seems to revolve around plastics. That is, more and more people are finding credit cards as the most convenient way to shopping, whether it is online or not. Hence, with the arrival of credit cards in the market today, most businesses have found its feasible ways when engaging into online business. It has continuously provided online businesses to accept their customer?s payment online. What?s more it makes them accept payments even through phone or fax. But there are still many businesses who kept on wondering what credit card merchant accounts is all about. They even kept on asking how other businesses get to accept credit card payments. There are only two ways how to accept credit cards. These are:

1. Establish a merchant account with the credit card companies. It is a must for every business who wants to accept credit card online is to build a merchant account, especially to the credit card companies that the business will be receive credit card payments. The application for this one will vary from one bank to another. That is why it is a must that the company must first learn the primary services of a bank before committing to such service. Also, most banks do not allow new businesses and home businesses to get a new merchant account for fear of some frauds. And so, the best way to gain the bank?s trust is for the company to establish strong relationship with the bank and to maintain a good credit history.

2. Third Party Merchant This third party merchant refers to the other companies that are willing to accept credit cards on behalf of the company who wishes to accept credit card payments. One of the most popular third party merchants today is PayPal. It acts as a mediator between the seller and the buyer. PayPal usually requires their client?s buyers to register for their program. That is why; most people find this really wearisome activity. Both methods can help businesses to accept credit cards. However, there are areas where the first may offer greater features than the other. Take for example the differences between the two methods.

In most case, the primary rates for merchant accounts are higher than the third party merchant account. Plus, the third merchant party accounts more convenient than what the merchant account can do. And so, for those who are still deliberating whether to get merchant account or the third party merchant account, it is strongly suggested that whatever methods is used, remember to take into consideration the pros and cons of the two method so as to accept credit card.

CPP_author Howard Martell is the Owner of . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.