June 2009

More card offer changes from Discover

June 26, 2009

As of July 1st, these changes will go into affect. The Discover Escape Card will no longer be offering an intro purchase APR promotion. The balance transfer promotion remains at 0% for 6 months. Discover will be increasing the minimum interest rate for all Consumer cards to 11.99% from 10.99%. The new APR range will [...]

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Card offer changes

June 16, 2009

Bank of America is no longer offering the Celebrity Cruises WorldPoints Visa card Discover Business & Discover Business Miles cards change balance transfer promotion from 3.99% for 6 mths to 9.99% for 6 mths, and balance transfer fee from 3% to 5%

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Top 5 cards not listed on credit card sites

June 11, 2009

There are a lot of great credit cards out there that do not pay websites referral fees. The following cards nominated by our staff, to our knowledge, are unknown in the world of credit card aggregation websites: Fidelity has 3 cards that earn you 2% cash back into a Fidelity account. Investment Rewards American Express, Retirement Rewards [...]

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Only 9 cards have no balance transfer fee AND an introductory balance transfer promotion.

June 8, 2009

Beware of balance transfer fees! Almost every credit card with a low introductory APR on balance transfers charges 3-4%  in fees upfront. So if we filter for no fee on balance transfers + low introductory APR on them, what do we get? 9 cards, 6 of which are from American Express. In order of best intro promotion: Iberia Bank Visa, 0% APR for [...]

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Chase offers new card, updates 3 card offerings

June 6, 2009

Chase introduces a travel oriented card, Sapphire Rewards, with 1% base rewards rate (redeemable for cash equivalents) Chase AAA of N Cali, Nevada, and Utah changed it’s APR from P+5.99%-14.99% to P+9.99%-15.99% & removed promotional APR of 0% 6 for months Chase National Geographic card changed it’s APR from P+5.99%-14.99% to P+9.99%-15.99% & removed promotional [...]

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New Credit Card legislation driving a flurry of changes to card offers?

June 5, 2009

Our Nerd Factory diligently tracks changes to credit card offers. Come back for updates! Here are some recent updates we’ve made regarding changes in Credit Card Offers: Discover Escape changed it’s promo from 1,000 bonus points per month for 12 months, to 1,000 points for 25 mo US Bank has raised APR on Bed Bath [...]

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How can American Express afford to pay you the most generous rewards in the industry?

June 5, 2009

Probably the same reason Warren Buffet owns 12% of the company. (NerdWallet) – American Express has some of the best rewards programs out there, as you can see from their high rankings using our nerdy credit card finder tool. To demonstrate why, let’s analyze 2 transactions at Joe’s Coffee Shop, one using your American Express [...]

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Airline miles: How much are they worth? How should you use them?

June 5, 2009

How much are they worth? How should you use them? Are frequent flyer credit cards a good deal? Feb 7, 2009, New York (NerdWallet) – Have you ever wondered whether you should choose a cash rewards credit card or an airline mileage card? If you could compute the $ value of an airline mile, the [...]

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