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Credit Card Fact Sheet
Credit cards offer various benefits with their use:
-They provide emergency security when in a bind. Unexpected finances are often incurred and credit allows you to pay for them immediately.
-Credit cards are a safer way of paying than cash. If you lose your card you can immediately cancel it, whereas if you lose cash, you have no insurance on its recovery.
-Using a credit card can offer you various rewards. For example, if you sign up for an airline credit card, you can earn points towards free air travel!
-If you already have a trusted bank, you can apply for a credit card that is linked directly with that bank.
-Credit cards allow you to establish credit. When you choose to purchase a house or car, credit is often the first thing lenders will look at. Build your credit up by applying for a credit card and maintaining your monthly payments.
Building good credit can be more beneficial than you may know. Good credit allows you to become eligible for lower interest rates, more options for credit cards, and of course you will look more appealing to lenders.
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 The TrueEarnings® Card from Costco and American Express is designed for Costco members who have average credit and plan to take advantage of the cash back rewards program.
The cash rebate amount varies according to where the cardholder makes the purchase; 1% is earned on general purchases, 2% is earned for travel-related purchases, 2% is earned for restaurant purchases, and 3% is earned on gasoline purchases up to $3000 (1% thereafter). There is no limit to the amount of cash rebates that can be earned.
In addition to the cash rebates, the card does provide several benefits and services that are commonly found with American Express® credit cards, such as purchase protection, auto rental insurance, and travel accident insurance.
The card has an above average interest rate for purchases and balance transfers (for a reward card). There is no annual fee with a paid Costco membership. Cardholders can also take advantage of the 0% introductory offer on purchases.
Therefore, those who plan to spend at least $5,000 a year on the card and plan to pay in full each month after the introductory rate expires (to avoid finance charges) will benefit most from what the TrueEarnings® Card from Costco and American Express has to offer.[read more...]
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 The Platinum Plus® 0% for 10 Months, issued by MBNA Canada, is available to Canadian residents and provides cardholders with fixed interest rates and common platinum cardholder services.
There is no annual fee for this credit card program and cardholders will benefit from the low introductory AIR for the first six months on balance transfers and cheque cash advances. Some applicants may even qualify for credit limits upwards of $100,000.
The average interest rate (AIR) is fixed for purchases, balance transfers, and cash advances. There is no annual fee. The low introductory rate is available for six months, and applies to balance transfers and cash advance cheques.
Cardholders can also take advantage of the platinum benefits that come with the card, which include fraud protection, emergency card replacement, 24-hour customer service, online account access, and access to thousands of ABMs worldwide.
Those who do not qualify for the platinum card may be considered for the preferred card, which varies in terms of benefits and credit limits.[read more...]
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