Low Interest Credit Cards

Life isn’t easy for credit card companies today. They have to offer more discounts, lower interest rates and more valuable rewards programs just to attract new clients. The economy remains sluggish, with the national unemployment rate at a too-high 9.2 percent in June. Consumers, worried about their own jobs, are looking for bargains wherever they can find them.

The officials at Household Bank obviously know this. It’s why they’re offering their Household Bank Rewards MasterCard with both a generous cash-back offer and a 0 percent introductory interest rate.

However, if you rarely pay your credit card balances in full each month, the Household Bank Rewards MasterCard comes with a purchase interest rate — once its introductory rate expires — that is sky-high.

Cash-Back Offer

On the plus side, the Household Bank Rewards MasterCard will provide you with 2 percent cash back on every purchase you make with it. This is a

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American Express is embracing social media with both arms. In addition to its recently revealed partnership with FourSquare, Amex is now rolling out a new Facebook application that promises to offer cardmembers deals based upon their profile information.

Anticipated to be a competitor to daily deal sites like Groupon and LivingSocial, one advantage to Amex’s new application is that consumers will not need to pay anything upfront in order to get in on the deals. Instead, cardmembers can sign up by enabling the “Link, Like, Love” app from American Express’s facebook page and linking their American Express credit card to the program. When cardmembers then access the app, they’ll be connected to a personalized dashboard containing deals, content and experiences based on both their own Facebook likes and interests, as well as those of their friends. Cardmembers can then select the deals that interest them. As consum

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The blog lately has been spreading a lot of credit union love. And now I’m here to spread a little bank love. I think everyone should choose the financial institution that’s right for them. Here are five reasons why I’m sticking with my big bank and not jumping on the credit union bandwagon:

1. Location, Location, Location

One of the main reasons I picked my bank is that it’s accessible in any part of the country. When I graduated from college in my home state, I knew I’d be attending graduate school out of state. And I hadn’t a clue where I’d be going after that. It made the most sense to begin banking with an institution that would be available all over the country. My bank has 5,900 banking centers and 18,000 ATMs nationwide, so I’m all set whether I’m at home or traveling.

2. Open Membership

Unlike credit unions, banks don’t require that you fulfill certain membership prerequisites to join. You’ll likely be re

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Debt consolidation loans play a vital role in helping debtors get rid of all their debts and become completely debt free. The debt consolidation loans online are specifically meant to achieve this. This debt mainly combines a number of loans into a single loan which is then used to pay off the entire balance. An individual does not need to struggle with his burden of debts anymore. A debt consolidation plan is a hassle free and an unproblematic way of consolidating and getting rid of all the debts. When the consolidation plan is sanctioned by the creditor, the debtor becomes responsible for making all the payments till the agreed time.

Such a loan reduces the monthly repayment and the interest rate payable significantly. Such reduced interest rate and monthly repayment scheme helps the borrowers in making all the repayment on a monthly basis without any kind of a difficulty. Read more…

As of July 21, if you are denied credit and your credit score had an impact on the decision, lenders are required to provide that credit score to you, free of charge. This new rule, part of the Dodd-Frank financial reform that went into effect in late 2010, will, in theory, make it easier for consumers to gain better control of their finances because they will know where their credit stands. Knowing your credit score permits you to work to improve it so you can enjoy lower interest rates on credit cards and installment loans, lower car insurance rates, and many other benefits.

Additionally, the new rule that gives consumers free access to their credit score lets people ascertain why they were turned down for a specific loan so they can take steps to fix their financial situation.

When It Comes to Borrowing, Information Is Power

Under the law, lenders must also disclose:

• the range of possible scores under the model used to generate the score (for instance, from 300 to 850 for a FICO score)
• the date the score was created
• Name of the consumer reporting agency or entity that provided the score
• Up to five key factors that hurt the credit score, if one of the factors was the number of hard credit inquiries and four key factors if hard credit pulls do not affect the score

Currently, consumers are eligible to request a copy of their credit report from the three major credit reporting bureaus (Experian, TransUnion and Equifax) if they are denied credit.

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