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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

What is the value of good credit? If you’re like the majority of Americans who rely on having good credit scores to help smooth the way when you buy a car, get a mortgage or apply for other types of loans, a high credit score is vitally important.

A conversation with someone at a dinner party over the weekend and recent comments from a friend makes me wonder whether the number of people who don’t value good credit is growing.
The person at the dinner party proudly revealed that he doesn’t have any credit cards (he uses debit cards if he has to book an airline flight) and pays cash for everything, including cars.

He says the last time he checked his credit score was several years ago and it was 540 back then. Credit scores range from 300 to a maximum of 850, so he was on the lower end of the range. These days, you need a FICO score of about 750 or more to get the best mortgage rates. Read more…

Tags: Credit, Good Credit, Having Good, Having Good Credit

The April 18th tax deadline has passed…did you file your taxes?  If you didn’t, the consequences are worse than if you simply couldn’t pay your taxes.  There are huge penalties to pay.  It can result in fine up to a $25,000 and a one year prison sentence for each un-filed tax year. Typically, the IRS won’t send people to jail for un-filed returns.

Disadvantages of not filing

• Will not get a refund or Earned Ie Tax Credit, if it has been over 3 years from the date you should have filed
• Pay penalties, fees and interest plus the tax
• Won’t receive credits toward Social Security retirement or disability benefits, if self employed and ie won’t be reported to Social Security Administration.

Many think if they haven’t been contacted by the IRS in a year or two, they are safe. That is not true

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Tags: Filed Taxes, Taxes

Chase is now offering 50,000 bonus points after spending $3,000 within the first 3 months of getting your Chase Sapphire Preferred card. That’s double the number of points it was previously offering, enough for 2 airline tickets or a statement credit of $500.

Redeeming Your Chase Sapphire Points
With Chase Sapphire points, you have a number of redemption options. You can convert your Chase Sapphire points into BA miles, Continental miles or Hyatt miles at a 1:1 ratio at any time you want. Point transfers are also possible to Amtrak, Priority Club and Marriott at lower conversion ratios.

With 50,000 BA miles, for instance, you can get 2 tickets within the continental United States and Canada on American Airlines. 5

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Tags: Bonus Points, Points, Preferred Card, Sapphire Preferred Card

Citi has just launched a brand new limited-time offer: you’ll earn 50,000 bonus ThankYou points for spending $2,000 in the first 3 months of opening a new Citi ThankYou Premier Card account. This signup bonus is enough for $665 worth of airfare when you redeem your points through the ThankYou Travel Center. Alternatively, you could exchange your 50,000 points for $500 in gift cards or other rewards.

You’ll also earn 1.2 points per $1 when you use the card at gas stations, supermarkets, drugstores, and at commuter transportation and parking merchants. Everywhere else, you’ll earn 1 point per $1 spent.

In addition, some of the card’s other benefits include:

• No foreign exchange fees
• Earn points for the miles you fly when you purchase a ticket with your Citi ThankYou Premier Card.
• Earn an anniversary bonus based on the number of points earned from purchases every year. The lon

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Tags: Points, Premier Card, Thankyou Premier, Thankyou Premier Card