Apply for a Travel Rewards Credit Card and Travel Smarter
Are you a frequent traveler? If so, it is likely that you are already enrolled on a frequent flyer program with a few airlines. In this case, would you be open to an opportunity to earn airline miles at a quicker rate? Yes, there are ways you can do this through the smart collaboration between airlines and credit card companies.
Indeed, you gain rewards points that can be converted into airline miles for purchases charged to your card. Of course, the total amount that you need to charge to your travel rewards credit card would need to be significant in order for you to attain adequate airline miles to claim your free flight. This also means that you have to charge more to your credit card each month. In order to reap the full rewards of this, it would be best that you pay off your outstanding credit card balances every month so as not be caught with a mountain of debt with high interest rates.
With this, it won’t be long before you claim for your free flights for your well deserved holiday. What’s more, rewards points may sometimes be claimable for free hotel rooms as well, making you a true smart traveler! Other benefits of your travel rewards credit card include hotel discounts, travel insurance or car rental discounts. Some of these credit cards even include car rental insurance coverage and buyer assurance plans.
There are a few attributes of travel rewards credit cards that you should look at when selecting the right credit card to get. First of all, these credit cards award a certain amount of free miles upon approval of your application or your first charge to the card. Other points of evaluation include the value of each mile that you will be getting. For example, some travel rewards credit cards award 1 point for every $1 spent, while others may reward 1 point for every $2 spent. Therefore, cards that reward more points for lower card charges will enable you to accumulate rewards points at a greater pace.
Finally, many travel rewards credit cards are affiliated with an airline or a few airlines. In this case, it is essential that you get a credit card that awards miles for the airline of your choice. Otherwise, you may be getting airline miles on an airline that you won’t or can’t travel with!
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Alan Bernstein recommends Find Credit Cards to apply for a travel rewards credit card today. |
How to Find the Right Credit Card for You
Credit cards are a great way to manage your spending and to buy the things you want, without having to wait. But it’s important to find the right card so that it works for you.
There are a number of things to consider when looking for the right credit card:
- Your Status
How much do you earn currently? Do you own your own home? Do you have any bad debt? Are you a student or self-employed? Some credit card lenders have special card deals for people earning over certain limits. Some credit card companies will offer cards even though you have bad debt. So, first think about the key features of your status and see if that helps you narrow down your search.
- How Much Can You Afford to Repay?
People often think first about how much they want to borrow on a credit card. But it’s better to come at it from the other way. How much can you afford to repay each month? Most credit cards ask for a minimum repayment, which is usually set around a few dollars or a percentage of the total amount you owe. But they ask you to pay the larger amount of the two; so if you’re planning on a huge purchase, think about what your minimum repayments are going to be.
- How Much do You Want to Borrow?
How much money you want to borrow on a credit card is key, so you need to find out early when you are looking at credit card deals, what limits the credit card company sets on the offer. Limits are usually automatically set, but can sometimes be upgraded by making a telephone call once your application has been accepted. However it’s more normal to have to wait for a trial period before being considered for extra money.
- What’s the Deal?
Almost every card today comes with a special deal or is aimed at a special group of people. The market is competitive, so check around. But don’t go for a deal just because it sounds great - after all it might be cool to have a few thousand air miles, but would cash-back or a lower interest rate be better for you right now?
- Searching for Cards
The Internet is the place to look for credit card deals and a great, easy to use site is The American Credit Cards Guide (see below). It’s a hassle-free site with great features to make your search easy and quick. Check out the left-hand panel to search for credit cards by type or check the main panel for featured credit cards.
Craig Brown - http://www.americancreditcardsguide.com
Credit Repair Advice: The Fair Credit Reporting Act and Your Legal Rights
The Fair Credit Reporting Act (FCRA) entitles you to repair your own credit report. You have a legal right to dispute any information you find on your credit report. Enacted in 1971, the FCRA stipulates that the credit bureaus investigate all consumer disputes if they challenge credit information on their credit reports. As per this Act, the credit bureaus must complete the investigations within a 30-day period. Any information that cannot be verified or is found to be inaccurate must be deleted immediately.
Your Rights Under the FCRA
If your application for credit, employment, or insurance is rejected, you have a right under the FCRA to ask, within 60 days of the refusal, for a free credit report. The company rejecting your application must disclose which credit reporting company they used for getting your credit scores. Normally, the three major nationwide credit companies used are - Experian, TransUnion, and Equifax.
It is reported that nearly 79% of all credit reports contain some error or other inaccurate information. It is mandatory, under the FCRA, for the credit reporting companies to correct the incorrect information. Here are some steps to take to go about making the corrections:
1. Write to the credit reporting company about the incorrect and inaccurate information.
2. Send copies of documents that will verify your claims.
3. Clearly, and in detail, itemize each inaccuracy, explaining why it is wrong.
4. Include a copy of the credit report in question, highlighting the disputed statements.
5. Ask to have the inaccurate and incorrect information removed from your credit report.
6. Keep copies of all documents you sent to the credit reporting company.
The credit reporting company is obliged under the FCRA to forward the documents you supplied in support of your case, to whichever company or organization provided the initial disputed information. This organization must investigate and report back to the credit reporting company. If the information is found to be inaccurate, it must be corrected and also reported to the three major credit bureaus.
It is mandatory under the FCRA that the credit report agency must send the results to you, in writing, along with a free copy of your credit report. You can also ask the credit reporting company to send a copy of your corrected report to all those who had asked for it in the last six months.
The Fair Credit Reporting Act (FCRA) was created to ensure that your individual rights are protected and that everyone has the same opportunity to correct any inaccurate credit information on their report. When used correctly, this legal right can make a difference in your financial future.
Sherry Frewerd publishes ‘How to Consolidate Credit Debt’ http://howtoconsolidatecreditdebt.com where you can find free information to help you repair and improve your credit history and reduce credit debt.