Secured Credit Cards with No Foreign Transaction Fees

To travel just about anywhere nowadays, you need a credit card. Whether you’re trying to book a flight or make a hotel reservation, you’ll need a card for the company to put on file. What happens when your credit isn’t strong enough to get a credit card? How can you make the reservations you need? That’s where secured credit cards come into play. cardhub

In the guide below, we will look at some of the best secured credit cards with no foreign transaction fees so you can find the perfect card for you.

What Are Secured Credit Cards?

Secured credit cards are designed to help people with poor credit, bad credit, or no credit build up their credit scores. They operate much like traditional credit cards. The only difference here is that the cardholder puts in the money for the credit line. In other words, if you want to have a $2,000 line of credit, you will need to deposit $2,000 into your account. You will be required to pay the money back that you spend on the card, just like you would with a standard credit card. If you decide to cancel the card in the future, you get all the remaining funds back.

Do not confuse secured credit cards with prepaid cards. In the case of a prepaid card, you simply spend the money on the card like you would cash. With a secured credit card, you pay the money back and get a positive rating on your credit report because of it. Continue to make positive monthly payments, and you will continue to improve your credit score. Thrifty Traveler

In the eyes of hotels, airlines, cruise lines, and other travel accommodators, secured credit cards are no different than any other credit cards. You can use … Read the rest

Maximize Your Small Business Credit Card Rewards

There are a lot of benefits that come with small business credit cards, but most people do not know how to take advantage of them. Whether this is your first time owning a business card or you feel like a seasoned pro, you need to understand how to use your card most effectively. The tips below explain how to maximize your small business credit card rewards so you can get the most out of your line of credit.

Earn the Sign-On Bonus

Most business credit cards come with some sort of rewards bonus within the first three months you have the card. As long as you fulfill the requirements for the bonus, you can generate a large number of loyalty points in a short period of time. The rules for these bonuses will vary from one card to the next, but most will ask you to spend X amount of money on the card during those first three months. Put whatever business expenses you can on your new card, and you will fly past that request in no time. More resources: PSU, University of Pennsylvania

Check for Rewards Caps and Expiration Dates

Do your rewards expire? If so, when? It’s important to redeem your rewards before they expire so you can take advantage of the opportunities available on your card. You should also check for rewards caps that you may reach, like earning 5% cash back in a certain category. There is no need to go out of your way to earn rewards if they’re not going to accumulate anyway. Simply put, understand the terms of your rewards program inside and out so you don’t miss out on anything. More resources: Notre Dame

Make Your Payments on Time

Small business credit cards tend to have high late payment fees. … Read the rest

Pros and Cons of Citi Double Cash

The Citi Double Cash card is a popular cash back credit card with no annual fee. With the wide range of cash back cards on the market today, you may be debating whether or not this is the right card for you. As with any credit card, there are upsides and downsides to Citi Double Cash that you need to keep in mind. Let’s take a look at the pros and cons of Citi Double Cash so you can decide if it’s the best fit for your needs.

The Pros

Citi Double Cash has a great rewards program, giving you a chance to earn cash back when you spend money and when you pay it back. Earn 1% cash back for every purchase you make, and then earn another 1% when you pay off the balance for the transaction. You can pay it back as a lump sum or over time. You will earn the extra rewards no matter what. There is no cap on the amount of cash back you can earn, and there is no annual fee.

The APR and balance transfer fee for the card is 0% for the first 15 months, which is great for new cardholders. The simplified rewards program makes it easy to earn cash back no matter what you buy. You don’t have to worry about revolving rewards categories or other complications that may make it difficult to determine how much cash back you’re really getting.

The Citi Double Cash card is equipped with smartchip technology to match up with the latest security standards. More resources NYtimes

The Cons

In order to be approved for this credit card, you need to have good or excellent credit. The same can be said about many cards in the cash back rewards sector, so chances are … Read the rest

Tips for Choosing the Right Business Credit Card

With the number of business credit cards on the market today, choosing one to work with can feel overwhelming. Should you go with a high-end enterprise credit card, or are you better suited for an entry-level small business credit card? Before you give up on your search altogether, check out the guide below. We’ll show you how to choose the right business credit card to fit your needs.

Assess Your Business Expenses

Look back over the last six months and consider how much money you’ve spent for your business. What kinds of expenses did you spend the most money on – utilities, office supplies, marketing, etc.? Looking over your financial statements will help you determine two things:

  • How high your business credit card limit needs to be
  • What kinds of rewards program is best suited for your business

You must know how much money you’ll likely be spending on the card so you can apply for a card that will accommodate your needs. Consider the daily and monthly spending limits on the card, as well as the rewards program available to you. More resources:

Rewards You Redeem vs. Rewards You Earn

When evaluating the rewards program on your business credit card, you need to think about how you earn rewards, as well as what you can do with your rewards. In the expense assessment above, you may have discovered that you spend a great deal of money at gas stations and restaurants. You may find a card with a rewards program that doubles your points for fuel and food. With that in mind, you also need to think about how you go about redeeming those rewards. Can you earn cash back, or do you have to apply the points toward travel expenses? If you never travel for business, the … Read the rest

Best EMV Chip Credit Cards

As of October 1, 2015, all American credit and debit card providers are supposed to make the switch to EMV card technology. The cards are backed by secure smartchips, rather than traditional magnetic strips. Not all credit card providers have made the switched to chip-and-PIN or chip-and-signature technology yet, but many of them have. The guide below will showcase our picks for the best EMV chip credit cards.

Citi Double Cash

The Citi Double Cash card has a unique cash back program. Users earn 1% cash back for money spent on the card and an additional 1% cash back when they pay off the balance. There is no limit to the amount of cash back a person can earn, and there is no annual fee. There is a foreign transaction fee with this card, so it is not ideal for traveling outside of the country. If you want an easy-to-understand rewards program though, this is a great option for you. More resources: SBA, FBI

Capital One VentureOne Rewards Card

The Capital One VentureOne Rewards Card is a great option for people looking to travel. There is no foreign transaction fee, and the miles earned on the card do not expire. Earn 1.25 miles per dollar spent on the card, to be used on any airline or at any hotel. There is a one-time sign-on bonus of 20,000 miles when you spend more than $1,000 within the first three months. The card has no blackout dates and no limit to the amount of miles you can earn. Best of all, there is no annual fee, so you can earn the rewards you want without worrying about the extra cost. More resources: Arkansas PDF, Gonzaga

BankAmericard Travel Rewards Card

The BankAmericard Travel Rewards Card is another great travel credit … Read the rest

Chase Slate Card Review

The Chase Slate Card is one of the most popular credit cards with no annual fee. There are a number of benefits to using Chase Slate, but it’s not the card for everyone. If you’ve been debating whether or not to apply for this card, the Chase Slate review below should give you a good indication about how well it will fit your day-to-day needs.

The Pros of Chase Slate

Perhaps the biggest benefit to using the Chase Slate card is the fact that it comes with minimal fees. The annual fee is $0, and the introductory APR is 0% for the first 15 months of owning the card. There is no penalty APR, which means you won’t have to pay a higher APR just because you make a late payment.

Another perk that comes with this card is a free FICO credit score on each monthly statement. Users can track their credit scores from month to month and watch for signs of identity theft and unauthorized transactions. Chase is one of only a handful of card providers that offer free credit scores for its cardholders.

The balance transfer fee on the card is $0 for the first 60 days. After that, it ramps up to $5 or 3%, whichever is greater. MONEY Magazine has named Chase Slate as one of the “Best Credit Card for Balance Transfers” for three years in a row, making this a perfect choice for debt consolidation.

The Cons of Chase Slate

If you’re looking for a rewards credit card, this is not the card for you. There is no rewards program associated with the card, so you won’t be able to get cash back, airline miles, or any other loyalty points.

The card’s APR will not increase because of a late payment, … Read the rest