Credit Card Now

A credit card balance transfer offer can be used to move your credit card debt from a high rate card to one with a lower interest rate, and as a way to consolidate your credit card debts.  Credit cardpanies offer incentives to do this; they want to be your preferred credit card.  You need to consider the fine print regarding the fees, interest rate and penalties.  Keep in mind that the interest rate can fluctuate on this card after the introductory offer has expired.

If you decide to transfer your balances to another credit card there are many things to consider. You don’t stop paying on the other cards until the transfer isplete and you have a zero balance.  In addition, you shouldn’t cancel any of the cards that you are transferring from.  This can lower your credit scores because you’ll have decreased your available credit.  You shoul

Read more…

Tags: Balance Transfer, Transfer

Have a Hilton credit card or Hilton HHonors account? Due to extensive problems with their website, Hilton is offering 2,500 free HHonors points if you call them today, April 1, 2011, or visit their website at www.hiltonhhonors.com/2500. Your points may take up to 2 business days to show up your account. ()

Tags: April, Hhonors Points, Hilton Hhonors

Starwood is generously offering 100 bonus Starpoints to SPG members (including those with an SPG Amex card) in exchange for a pledge to observe Earth Hour this year.

Register for your bonus at spg.com/earthhour and commit to switch off your lights for one full hour on Saturday, March 26, 2011 from 8:30 to 9:30pm local time. Your Starpoints will be credited to your account no later than April 15, 2011. For more information on Earth Hour, see earthhour.org.

Tags: Starpoints

Let’s get the bad news out of the way up front.  When you pay a collection, it is not removed from your credit reports. It stays on your credit reports for 7 years from the time the original account became 180 days past due.  This is what I refer to as the terminal delinquency.  Add 7 years to that date and that’s how long any collection remains on your credit reports.

It will be reported as paid (if you’re lucky), but just the existence still hurts your credit scores. And even if paid, your scores won’t change much, if at all. The collection incident does the most harm to your credit score in the first two years and as time goes by, impacts it less. This shouldn’t change your decision whether to pay the collection or not.  If you owe a debt and can pay it, you should.  Or, you should even attempt to settle it.Hopefully a creditor that conducts a manual review of your credit report will take into consideration that you’ve paid the collection. They would rathe

Read more…

Tags: Credit Report, Report

Due to the success of the 4.99% balance transfer for life promo on the PenFed Promise card, PenFed has extended this offer to all of its credit cards for a limited time.

Balance transfers made between April 1, 2011 and June 30, 2011 on eligible PenFed credit cards, including the PenFed Premium Travel Rewards American Express Card and the Platinum Cashback Rewards card, will qualify for a 4.99% APR for the life of the balance transfer with all balance transfer fees waived. Balance transfers from other PenFed credit cards, loans and/or lines of credit are not eligible for this promotion.

Tags: Balance Transfer, Cards, Credit Cards