Low Interest Credit Cards

Long known for its line of charge cards, American Express recently unveiled a new charge product targeted towards the younger generation. The Amex Zync is being pitched as a way to build your credit history without the danger of running up high interest charges, since it must be paid in full every month. As a charge card, any balances you carry on your Zync will not count towards your utilization ratios on either your FICO or Vantage Score.

The Zync does carry an annual fee, though at $25, it is much lower than its elder siblings. Purchases earn Membership Rewards points which can be redeemed for the usual assortment of travel, shopping, and entertainment rewards. In addition, there are four “Lifestyle Packs,” that can boost your benefits. For

Read more…

Marriott and Chase recently announced changes to their credit cards that will allow cardholders to earn Elite status faster and earn more Marriott Rewards bonus points. For every $3,000 in annual spending, cardmembers will now earn one extra Elite night credit. In addition, cardmembers will receive 15,000 bonus points on 7-night redemption stays at category 7 and 8 hotels.

Read more…

While Citi warned us last year that it planned to tack on an annual fee to accounts that didn’t meet a specified spending threshold, that news became a reality this week as notices of this policy change poured into cardholder mailboxes. Effective April 1, 2010, an annual fee of $60 is being added to many Citi credit card holders’ accounts. That fee will be credited back to the account holder if spending reaches $2400 in the calendar year. Alternatively, the cardholder can opt out of this change and cancel their account.

The changes come as the enactment of the next phase of the Credit Card ACT on February 22 draws nearer, and banks look to find ways to offset the accompanying loss of revenue.

The standard offer for the United Visa has been for 30,000 bonus Mileage Plus miles after spending $250 with your new card, but with a $60 annual fee. Using the following link (via FTG) will also earn you the 30,000 miles after spending $250, but with the annual fee waived for the first year. Beyond the initial signup bonus, though, the card itself is not particularly exciting, as it earns just 1 mile per $1 in purchases.

Travelocity’s “Rewards American Express Card”, issued by Barclaycard US, is on the way to offer Cardmembers one of the richest rewards programs in the marketplace with flexibility in reward redemption and the freedom to travel anywhere and anytime using reward points and valuable redemption options that start as low as 5,000 points. Cardmembers can take advantage of a comprehensive, easy-to-use and generous program that enables them to earn 5 points for every $1 spent at Travelocity. In addition, Cardmembers can choose from one of three categories – restaurant, groceries or gas – to earn an additional 2 points for every $1 spent within their selected category and 1 point for every $1 spent on all other purchases. Ca

Read more…