Low Interest Credit Cards

With the introduction of the Chase Freedom credit card and the Chase Ultimate Rewards and Chase RealCash debit cards, Chase offers some generous debit rewards card programs. From now until October 1, Chase debit card customers get $20 in cash, deposited direct into their Chase checking account when they pay three or more bills (of $50 or more) with any Chase debit card.

How This Program Works:

To earn $20 cash when you use your Chase debit card (all Chase debit cards qualify for this program, not just rewards debit cards), first enroll your card in the program. You can speak to a Chase banker to enroll, or click the “enroll” option when it appears when you use your card at a Chase ATM machine.

Then, pay three of your bills for one or more of the following categories with your Chase card by October 1, 2010.

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Consumers are turning to debit cards over credit cards this holiday season. According to the National Retail Federation’s 2009 study on Holiday Consumer Intentions and Actions, consumer debit card use is up and it’s growing steadily.  42.5% of shoppers will pay mostly by debit card or check card this holiday shopping season. That’s up 2.5% from 2008. Other findings saw credit card use drop 10% from this time last year; just over 28% plan to use credit cards compared to 31.5% in 2008. As the banks continue to raise credit card fees and rates, the debit card seems to be the more attractive choice for consumers.  However, it could be a case of jumping out of the frying pan into the fire if the consumer ignores the fine print.

How Debit Cards Work

Debit cards look like traditional credit cards with the MasterCard, Visa, or bank logo embossed across the cards, but rather than borrowing from a bank, debit cards are directly linked to the user’s bank account. There are n

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