www.markfiore.com Watch the latest animation on credit card reform. If you love your credit card company, you’ll love this inside look at the credit card reform act that will take effect soon. A Mark Fiore political animation. Credit reform animation don’t leave home without it.
Let’s say that you have been this wonderful model credit card customer, for as long as you can remember. You’re certainly going to appreciate how you are the new lone hope as far as the credit card companies can see. And they reserve their best rewards programs and favorable terms for you.
The age of generosity at the banks and credit card companies is simply not what it used to be. They are dealing with mammoth losses from irresponsible card issuing practices, and have all kinds of new rules in place for rewarding responsible behavior. Even redeeming miles or points isn’t as much fun as it used to be.
Today, if you want a credit card with something like the level of reward and satisfaction that you had in the good old days, only the very best credit card deals would even come close; even garden-variety credit cards are only going out to people with a credit score of at least 650. You need something about 740 for the good ones.
If it is travel you’re interested in, you’d be looking for a card that rewarded you with travel benefits. There aremany good ones around for travel, but Amex’s Starwood card is one of the best. They do ask you for an annual fee of $50 or so, but you can use your points to redeem at airline or hotel counters. They have alliances with more than two dozen major airlines, and you can redeem your points against miles on any one of them. You get 10,000 points just for signing on, and each dollar you spend, earns you a point. There is a 5000 point bonus for anyone who crosses 20,000 points.
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This is a Credit Card Funeral that Judge Robert Cilley officiated. Pam Young can help you get out of debt with her new book, The GOOD Book: Get Out Of Debt book. budurl.com
If you have sadly developed any kind of bad credit problems don’t falsely assume that by not dealing with the issue or by ignoring the issue at hand that such issues will eventually disappear. Bad credit problems never resolve themselves and pending debt does not vanish by itself if left well enough alone. What bad credit can do however is create a serious amount of havoc in your life!
Consider some of the following issues which can develop when a consumer gets a bad credit score:
Do you want a high tech cell phone? Guess what; if you have bad credit it can be next to impossible to sign up for a cell phone plan unless you are prepared to pay a ridiculous down payment. There are cell phone providers that will flat out refuse to assist someone and give them a line of credit for cell phone services when they have bad credit issues that go unaddressed.