We talked about the new improvements to the American Express line of Blue Cash credit cards last week. Namely, we were most impressed with the addition of a 15-month zero interest introductory period applied to both purchases and balance transfers.
The biggest news circulating on the cyber news stands this week was the fact that late payments on credit cards are at their lowest point since 1994.
According to the Fox Business report by Kate Rogers, "payments that are at least 90 days overdue fell in the second quarter 0.57%..." That would be the second-lowest rate in almost 20 years. When grunge was king and pogs were still a thing, the rate was 0.56%.
If you’ve recently thought to yourself, “Should I close this old credit card?”, picture this:
You slide your hand into your mailbox. It’s cold to the touch, but it’s not the aluminum mail container that’s sending a chill down your spine, it’s your credit card statement.
Yesterday, American Express announced some serious upgrade to their Blue series of credit cards, including the Blue Cash Preferred® Card from American Express, the Blue Cash Everyday® Card from American Express and the Blue Sky from American Express® offers.
A Sallie Mae study in April 2013 shows that the number of students with credit cards has fallen from 42 to 35 percent. The younger college students shied away even more with 21 percent of freshmen owning cards while 60 percent of seniors had them.
Update: This offer has changed since this article was published. You can check out the Barclaycard® Ring(TM) MasterCard®page for the most up-to-date card details.
Here's something we haven't heard of before: a credit card that pays YOU for transferring your balance.
The Barclaycard® Ring(TM) MasterCard® - 1% Back on Balance Transfers offer is currently not available from Creditnet.com
However the below card(s) are recommended by Creditnet as a great alternative to the Barclaycard® Ring(TM) MasterCard® - 1% Back on Balance Transfers:
Similar Cards We Recommend
Barclaycard® Ring(TM) MasterCard® - 1% Back on Balance Transfers
We wrote last month about a report from the Wall Street Journal detailing Wells Fargo's plan to push their credit card offers even further on existing bank members. According to USA Today, Wells Fargo is already moving forward with the new strategy, and they've partnered up with American Express to make it happen.
Many consumers aren't aware that, by law, Americans are entitled to one free credit report per year. And for those that are aware of this important fact of finance, fewer still know where they can actually, ya know, get their free credit report.
As a result, we're left to Google the term "how do I get my free credit report", which is quite possibly how you ended up here in the first place. And yes, we're going to tell you.