Archive for February, 2009
Credit Crisis: AmEx paying card holders to close their accounts
According to Yahoo, American Express is paying a limited number of card holders to close their accounts.
AmEx card members might wonder if you are lucky enough to receive such an offer. My take is: in order for you to be in that list, you need to scare AmEx to believing you are going to charge off your account, otherwise, they don’t worry about you, therefore won’t spend $300 to keep you away.
At least, American Express is doing this in a win-win strategy, minimizing their losses while keeping card holders who are on the brinks of charge off happy, from this perspective, AmEx is a brand of card worth to have.
Check out American Express credit cards.
Important Disclaimer: the credit cards information in this post were accurate as of the date of publishing, some or all of the card programs may be discontinued, their terms may be changed after wards.
Card Comparison: Balance Transfer Credit Cards
Many people are interested in 0% APR balance transfer credit cards with low fee or no fee as a way to manage short term personal debt more effectively. I compared dozens of credit cards, and these are my choices:
| Card Name | Benefits | Requirements | |
 |
Discover® More Card |
0% BT APR for 6 mths; 0% purch APR for 6 mths; 1% – 5% cash rewards | requires Excellent Credit; regular APR: 11.99%; annual fee: none |
 |
Discover® More Card – Monogram |
0% BT APR for 12 mths; 0% purch APR for 6 mths; 1% – 20% cash rewards | requires Excellent Credit; regular APR: as low as 10.99%; annual fee: none |
 |
Discover® Motiva Card |
3.99% BT APR for 12 mths; 3.99% purch APR for 6 mths; 1% – 20% cash rewards | requires Excellent Credit; regular APR: 10.99% – 18.99%; annual fee: none |
 |
IberiaBank Visa® Platinum Rewards Card |
1.99% BT APR for up to 6 mths; 1 point/$ point rewards | requires Excellent Credit; regular APR: 9.75%; annual fee: none |
 |
IberiaBank Visa® Gold Cash Back Rewards Card |
1.99% BT APR for up to 6 mths; 1% cash rewards | requires Excellent Credit; regular APR: 9.75%; annual fee: none |
 |
IberiaBank Visa® Classic |
1.99% BT APR for up to 6 mths | requires Good Credit; regular APR: 8.75%; annual fee: none |
Important Disclaimer: the credit cards information in this post were accurate as of the date of publishing, some or all of the card programs may be discontinued, their terms may be changed after wards.
