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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 Delta Reserve Credit Card, issued by American Express®, is fit for Delta frequent flyers with good credit who want to earn miles with little effort.
Although the rewards program offers the standard one mile for every dollar spent on purchases, cardholders will be happy to know that they can earn two miles for every eligible dollar spent buying groceries, at drugstores, home improvement and hardware stores, gas stations, and for certain U.S. postal services. Cardholders can pay for all or part of their flight with miles earned through the Pay with Miles option.
For cardholders who are interested in earning miles more speedily, they will rack up to 10,000 Medallion® Qualification Miles (MQMs) after making their first purchase with the card. Cardholders will also earn up to 30,000 MQMs with Built-in Miles Boost(SM) for spending $30,000 in one year. If they spend $60,000 in a year, that will add an additional 15,000 MQMs and bonus miles toward their reward account.
MQMs can either be used towards upgrading to Medallion® status or passed on to friends and family members who have Delta SkyMiles® accounts of their own. Every year, cardholders will also be awarded a free companion certificate for domestic travel in either coach or first-class.
In addition to the bonus miles that can be earned, cardholders will have access to a wealth of American Express® benefits. Some of the conveniences offered include concierge services, car rental insurance, travel accident insurance, roadside assistance, and emergency services if a card is ever lost, Global Assist® access, and a year-end summary of all account activity. There are also a few protection services available to cardholders which includes extended warranties, purchase return and protection, and a fraud protection guarantee.
This card offers an attractive 9.99% APR on balance transfers for the first 12 months of cardmembership. After the first 12 months, the rate for any initial balance [read more...]
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 The Platinum Plus® MasterCard® Credit Card - 1.99 for 10, 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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