Every once in a while I’ll be on a tour or staying at a hotel where I can’t help but hear the conversations around me. Sometimes I hear something that makes me stop what I’m doing and listen. The latest happened on a trip to Peru recently when one traveler asked, in amazement, “Why would you use a debit card to pay for an $8,000 tour? Are you out of your mind?!” The recipient of this question mumbled something about responsible spending and not going into debt, but the others at the table hit him with a barrage of arguments that had him saying, “Okay, OKAY—I get it. So what card should I get?” On the one hand, you’ve got to admire a guy who got to retirement age without putting things on a credit card. That restraint and fiscal responsibility are admirable. On the other hand, half the people at that table I was eavesdropping on had not paid for their flight—they cashed in miles to get to Peru. This guy, on the other hand, had … [Read more...] about Are You Getting All the Credit Card Perks for Travelers?
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June Casagrande, NerdWallet Published 5:30 pm CDT, Friday, April 26, 2019 This article was first published on NerdWallet.com. “Free travel” — two little words that can jump-start the pulse, excite the imagination and, if you’re not careful, actually take money right out of your pocket. Travel rewards credit cards offering big sign-up bonuses and seemingly endless opportunities to earn points toward free flights, hotel stays and more can be almost irresistible. They’re so appealing, in fact, that you can entirely forget that issuers of these cards are in business to make money. Merchant fees, interest charges, late fees and annual membership fees all have a way of tipping the balance sheet in the issuers’ favor over the long term. Even without grabbing the hottest new credit card offer, you can come out a loser in the points and miles game. Frequent traveler loyalty programs can lure you into making choices that are ultimately bad for … [Read more...] about How to Sidestep the Potential Pitfalls of Travel Credit Cards
Martin Crutsinger Associated Press Published 2:18 PM EDT Mar 20, 2019 Washington – The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be “patient” about any further increases. The Fed announced that it was keeping its benchmark rate – which can influence everything from mortgages to credit cards to home equity lines of credit – in a range of 2.25 percent to 2.5 percent. It also said it will stop shrinking its bond portfolio in September, a step that should help hold down long-term interest rates. Together, the moves signal no major increases in borrowing rates for consumers and businesses. Some analysts believe the next rate move could be a cut later this year if the economy slows as much as some fear it might. In signaling no rate increases at all this year, the Fed’s policymakers reduced their forecast from two that were previously predicted in … [Read more...] about Federal Reserve foresees no interest rate hikes in 2019
Robin Saks Frankel, NerdWallet Published 11:48 am CST, Tuesday, January 8, 2019 This article was first published on NerdWallet.com. Ever come back from a family vacation feeling like you need a vacation? All the planning, packing, kid-corralling and sightseeing can make adventure time an exhausting time. Here’s a tip: Try thinking of your credit card as an efficient little suitcase. If you have the right one, you can unpack a bundle of time- and money-saving benefits that can make your family trip easier. This is how credit cards can help make your family travel more about fun and less about labor. » MORE: How to choose a travel credit card 1. Get treated like a VIP at the airport Many travel credit cards come with an annual fee — but if you’re traveling with a family, it might still save you money. The Chase Sapphire Reserve® offers complimentary Priority Pass Select membership, which lets you and a limited number of … [Read more...] about 5 Reasons Credit Cards Rule for Family Vacations
Updated 8:53 am PST, Tuesday, December 18, 2018 FILE - In this Jan. 31, 2018, file photo, Master Card and Visa logos on credit cards are shown in Zelienople, Pa. Millennials have fewer credit cards than other generations, but that doesn’t mean they dislike them. less FILE - In this Jan. 31, 2018, file photo, Master Card and Visa logos on credit cards are shown in Zelienople, Pa. Millennials have fewer credit cards than other generations, but that doesn’t mean they dislike ... more Photo: Keith Srakocic, AP Photo: Keith Srakocic, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this Jan. 31, 2018, file photo, Master Card and Visa logos on credit cards are shown in Zelienople, Pa. Millennials have fewer credit cards than other generations, but that doesn’t … [Read more...] about Millennial Money: Playing catch-up with credit cards