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From Frequent Flyer to Whatever is Next- on Your CC
You know that credit cards cost money. Even if you pay your balance off every month and never are late on payments, because the merchant has to 3-percent on every transaction that goes through. These payments result in higher prices.
The solution is to look for the credit cards that pay you back, either in cash back, or in credit toward useful merchandise that you want. For example, Citibank has an offer for 15,000 advantage bonus miles and 12-months of intro no-interest payments. And what are the terms and conditions? They are earned on American airlines, using new customerís Citibank Platinum and appear on your (presuming that you have one) American Advantage Program account. The points will appear on your account a couple of months after your first purchase. Of course ďadvantage milesĒ are not the same thing as real miles, so how much you save by getting this deal is hard to say.
Another favorite are gas cards. The Hess gas card from chase gives you 1-percent back on gas purchases, but 5-percent back on other purchases, so, coffee and donuts anyone? One of the favorite cards of those living the ďlife in the fast laneĒ is the American Express Blue Card, with 1.5-percent cash back uncapped, that means like forever, even after you (wish you did) win the lottery. Then once you spend 00, you get 5-percent back on purchases at gasoline stations, grocery stores, and drug stores. (I think Iím about to go into a 1960ís style substance flash-back!) So it just proves that it pays to be rich. Of course there is enough fine print here to choke a horse, and I would hate to find out in the end that the interest rate is over 18-percent, but if you pay off your balance, then I guess you donít have to really care. It actually depends on your credit rating; the interest rate can be anything fro 13.24-percent to 18.24-percent.
Hopefully, this article has made you more interested in the possibility of saving money by using credit cards. This is with the additional proviso, that if you have a tendency to run into the OTB parlor, or the local race track, these offers are probably not for you at all. These cheap and cash-back offers can be viewed as themselves a form of gambling by the banks on whether, once they have you using credit cards regularly, you will not have enough self control to stop using them till youíve built up a sizeable debt.
About the Author: Adam Heist is the owner of the Loans Wwebsite. At their website, you can learn more about eloanshop secured loan as well as many other things relating to the industry. We encourage you to visit our site today and see what we have.