by admin on September 1, 2010
in Rewards
Discover has updated the Miles by Discover® Card and the Escape by Discover® Card. They now provide better rewards and a lower APR. Click the card names below to apply online.
Miles by Discover® Card
Regular APR: 10.99%(V)
- 12,000 Bonus Miles – Earn 1,000 Miles each month you make a purchase for your 1st year
- 1 Mile per $1 on every purchase
- Plus, 2 Miles on travel and restaurant purchases on your first $3,000 each year
- No limit on the Miles you earn and Miles don’t expire*
- Fly on any airline, book any hotel or car, with no blackout dates
- Use Miles for travel, merchandise, gift cards or cash
- 0% intro APR on purchases and balance transfers for 6 months than the regular APR
- No Annual Fee, No Overlimit Fee, No Redemption Fee
[click to continue…]
by admin on September 1, 2010
in General
I am working on a new layout for CreditCardEdition.com. I plan on having it ready to go on Saturday, September 4th.
The site will look more modern and the blog will be tied into it.
by barry_boggs on January 31, 2010
in News
Scammers are after your credit card data.
Thieves accomplish this by placing scanner devices and hidden cameras in ATM machines. The fake card reader, called a ‘skimmer’, is used to get your credit card number and the camera records the pin number you enter. After the devices collect enough data, the thieves come back and remove them.
This scheme has led to the arrest of three men in Boston, Anton Venkov and Vladislav Vladev and Ivaylo Hristov according to the Boston Globe. Authorities believe the trio is responsible for at least $100,000 that was stolen from customers at Citizens Bank and other institutions.
Become familiar with your ATMs so you can detect an object that’s unusal or something you haven’t noticed before. If you notice something do not use that ATM.
by admin on January 31, 2010
in General
A credit card is a form of borrowing that often involves charges. Credit terms and conditions affect your overall cost. So it’s wise to compare terms and fees before you agree to open a credit or charge card account. The following are some important terms to consider that generally must be disclosed in credit card applications or in solicitations that require no application. You also may want to ask about these terms when you’re shopping for a card.
Annual Percentage Rate. The APR is a measure of the cost of credit, expressed as a yearly rate. It also must be disclosed before you become obligated on the account and on your account statements.
The card issuer also must disclose the “periodic rate” – the rate applied to your outstanding balance to figure the finance charge for each billing period.
Some credit card plans allow the issuer to change your APR when interest rates or other economic indicators – called indexes – change. Because the rate change is linked to the index’s performance, these plans are called “variable rate” programs. Rate changes raise or lower the finance charge on your account. If you’re considering a variable rate card, the issuer must also provide various information that discloses to you:
- that the rate may change; and
- how the rate is determined – which index is used and what additional amount, the “margin,” is added to determine your new rate.
At the latest, you also must receive information, before you become obligated on the account, about any limitations on how much and how often your rate may change.
Free Period. Also called a “grace period,” a free period lets you avoid finance charges by paying your balance in full before the due date. Knowing whether a card gives you a free period is especially important if you plan to pay your account in full each month. Without a free period, the card issuer may impose a finance charge from the date you use your card or from the date each transaction is posted to your account. If your card includes a free period, the issuer must mail your bill at least 14 days before the due date so you’ll have enough time to pay.
Annual Fees. Most issuers charge annual membership or participation fees. They often range from $25 to $50, sometimes up to $100; “gold” or “platinum” cards often charge up to $75 and sometimes up to several hundred dollars.
Transaction Fees and Other Charges. A card may include other costs. Some issuers charge a fee if you use the card to get a cash advance, make a late payment, or exceed your credit limit. Some charge a monthly fee whether or not you use the card.
Balance Computation Method for the Finance Charge
