Balance-transfer credit cards are great if you’re carrying a large balance on your card or stuck paying high interest fees each month. But with so many options to choose from, it can be tough deciding which cards are better than others.
Credit-card holders have been receiving numerous incentives from issuers to spend more. Such incentives include receiving cashbacks on purchases, higher discounts, and travel-related benefits.
According to the founder of a credit-card comparison website, CardRatings.com, Curtis Arnold, giving out more and more benefits to customers reflects the intense competition in the industry, which in turn results in innovative offerings to acquire a larger number of customers.
There are over 600 million credit cards held by U.S. consumers and the average credit card debt per household averages about $16,000 according to CreditCards.com. Just because your card company offers you a $5,000 limit, doesn’t mean that you have to come close or exceed this amount.
If you use your credit card overseas, you know what it feels like to be taken to the cleaners. Many tack on as much as 3% on every transaction. Others have a fixed fee every time you use the card overseas or hit the ATM. If you spend $5,000 while you’re on vacation, these credit card costs could rack up several hundred dollars in extra costs. Mon Dieu!
“Dubious and complex” charges for overseas cash withdrawals mean that consumers are losing out, with the charging structures applied to cards often “layered on top of one another”.
The accusations come from Consumer Focus, which has taken up the cause and issued a super-complaint to the Office of Fair Trading (OFT) regarding the amount consumers pay for holiday money.
Whether you?re celebrating spring break as an actual student, or you?re young in spirit, we can suggest six of the best credit card cards to help keep you from losing your shirt. At least, a shirt you don?t want to lose... Best credit card for spreading out spring break travel costs If you?ve already splurged ...