The Essential Features And Benefits Of The Preferred Rewards Gold Card From American Express Money Back Credit Cards Making Sense Of Credit Card Fees Best Reward Credit Cards Offer Smart Choices Silver Gold And Platinum Credit Cards

The annual fee for the basic Preferred Rewards Gold Card from American Express is a mere $90. Each additional card has an annual fee of $35. The card presents a great opportunity to save on fees, because the fee for the basic card and a maximum of up to five additional cards are waived off for the first year.

With no pre-set spending limit, the Preferred Rewards Gold Card from American Express is the ultimate solution for all your financial needs. This option will ensure that you are never short of funds when you are proceeding with a plan and make you more confident about your move.

All the same, Preferred Rewards Gold Card from American Express is a card for the ones who plan to pay in full each month. If you carry revolving balances, you will invite unnecessary financial charges or accrue credit card debt. This will mar your credit rating and spoil your prospects.

The Myriad Of Benefits

The Preferred Rewards Gold Card from American Express has an excellent reward program. The card fetches you one point for every dollar spent on almost all purchases. The points can be redeemed for entertainment, shopping and traveling.

With the first purchase, the cardholders earn 10000 bonus points. These points can be used to redeem a $100 gift card at the participating merchants and retailers. You can also use your points for travel rewards on over 21 airlines. The most interesting part is that there is no limit to the number of points that can be earned and there is also no expiration period for the points.

The Gold cardholders enjoy many other facilities. Thus, you can obtain tickets for exclusive Gold Card events like live concerts, shows, and even sporting events. What is most interesting, you will be able to book the tickets in advance, much before they are put up for public sale.

With this card if you are interested in booking the American Express Travel Service, you can get the facility of cash credits to your account.

The purchase protection program offered by the card protects all your eligible purchases (made with the card) from theft or accidental damages. This offer is valid only for 90 days.

The card also offers baggage insurance, emergency check-in service, which enables the cardholders to check in the hotel even if the card is stolen.

Like the other cards, the Preferred Rewards Gold Card from American Express offers legal referral services, medical referral services, auto rental insurance, travel accident insurance, various merchant discounts, lost legal insurance, emergency card replacement, travel and emergency assistance services and many more benefits. The card also offers the opportunity to view the year-end financial statement.

Obtaining a credit card that brings money back always considered a good idea. Nothing better than receiving cash back on all the spending that you make with your credit card? It is like too good to be true, doesn’t it?

Well, there are numerous cards that offer you free cash, but it is usually only around 1% cash back. However, money is money, right? Well, sometimes.

If you like to purchase lot of things in a period, these kinds of e not going to give you credit cards seem very attractive for you. However, you need to keep in mind that they will not give money back on all buying that you will make. Even if they claim to give you money back on all buying, they will only give you certain percentage of amount per transaction you have spent. These credit card issuing companies also have strict limits on the amount that they will give back to their clients. If you read the little, bitty print on the form that you signed, you will see a paragraph with their limits in the terms and agreements.

This is another way to try to draw in new customers for these companies. It is good to have credit card and sounds great in theory, but they will have to check your credit rating before they will give you their credit card.

Researching different companies, which issue credit cards, to see what they are offering. You will be surprised to find a money back credit card that offers you just what you need and want with a high cash back percentage, few limits on the amount they will give you back, and instant cash deposits when you make each buying using their card.

Although these credit cards look like a great product to have, some companies will need your credit rating before issuing card to you. However, there are credit card companies that offer these cards to people with a low credit rating to help them rebuild their credit rating. Research all of your options.

What is your decision? If you have a good credit rating, then these kinds of credit cards are great opportunities for you. Research different card companies – there are many companies out there that offer you up to 3% money back and impose very few limits. If, however, you have a bad credit rating, you may want to find such credit card that will help you rebuild your credit rating.

In addition to the APR (annual percentage rate) and the finance charges, most credit cards have a number of ‘fees’ associated with their use. Some fees are unavoidable with a particular card (like an annual fee or a program participation fee), while others are triggered by certain circumstances. The most common fees are listed below. To get a better idea of what your credit card may cost to use over the course of a year, check your card’s terms and conditions and your user agreement to see which fees may apply to you.Annual fee:

An annual fee is charged for the privilege of having the card, whether you ever use it or not. Many credit cards offer no annual fee and a low interest rate to their best customers, or to those with excellent credit. If you’re trying to recover from a bout with bad credit, your only choice may be a card with a relatively high annual fee. In that case, look for one with the lowest APR you can get, and be careful to avoid triggering other fees.

Cash advance fee:

When you use your credit card to get a cash advance, there is often a cash advance fee. It may be a flat fee per cash advance (say $5, no matter how much cash you borrow), or a percentage of the amount advanced – 5%. This fee is in addition to interest that you will pay on the amount.

Balance-transfer fee

Usually, when you transfer the balance of one card to another, the credit card company will charge you a balance transfer fee. Like the cash advance fee, it may be a flat rate, or a percentage of the amount of the transfer.

Late-payment fee

If your payment is not received and posted by your credit card company after the due date, you will be charged a late payment fee. The late payment fee will be added to your credit card balance. In many cases, if you are late with a payment more than once, or a certain number of times within a specified period, your interest rate will also rise in addition to the late payment fee.

Over-the-credit-limit fee:

If you go over your credit limit on your credit card, you will often be charged a flat fee in penalty.

Credit-limit-increase fee:

You usually must pay a credit limit increase fee if you request that your credit limit be raised.

Set-up fee:

When you open a new credit card account, the credit card company may charge a one-time setup fee which may be anything from $19 to $149.

Return-item fee:

This is essentially a bounced check fee. If you make a payment on your account by check, and the check is returned by your bank for non-sufficient funds, the credit card company may charge you a returned-check fee.

Depending on the credit card company, and the card offered, you may be liable for other fees, including fees for making payments by phone, for checking your account online, for establishing an online bill paying service or for providing other customer service. Be sure to read your credit card’s terms and conditions to see what charges and fees you’re liable for paying.

When comparing the best reward credit cards, it makes sense to investigate everything, including the Annual Percentage Rate (APR) as well as any reward features that the card may offer. Potential cardholders should take into account the manner in which they handle their credit purchases. For instance, if the cardholder intends to make a large purchase using a credit card but plans to pay for the charge over the course of several months, then a low interest credit card will be a better financial choice over a reward credit card. If a cardholder plans on repaying the charge immediately (even if the card features a higher interest rate), reward credit cards might be a better choice simply because the interest rate will have no financial impact and will almost always provide a greater range of rewards than a lower interest card.

Balance Transfers

If it is your intent to take advantage of a reward credit card that features a 0% balance transfer offer, it might make sense to choose a card that offers 0% on purchases as well, if at all possible. The reason this may be an appropriate step is that when you take advantage of the 0% balance transfer card offer, many times the APR on purchases will be significantly higher comparable to other card offers. So if you make a purchase using that credit card during the life of the balance transfer your new purchases will be subject to significant finance charges until the purchases are paid off. This can result in significant interest charges before you can begin paying on the newly purchased item. If you are unable to locate a reward credit card with a competitively low ongoing APR, it would make sense to obtain a secondary card for new purchases with a low interest rate, which would make the card balances more cost effective and easier to manage over time. The ideal scenario for cardholders would be to use a card with a 0% balance transfer offer that extends to new purchases during the introductory period.

Interest Rates

While researching card offers, you may notice that reward credit cards typically have a higher interest rate and in many cases require an annual fee. These fees and finance charges are used by the card issuers to help finance the rewards program that cardholders participate in. But if you are disciplined enough to pay off your credit card each month, the value of your rewards should dramatically exceed the cost of interest charges and fees that you might otherwise pay the card issuer. While credit card companies are well aware of that premise, they also know that the majority of our “spend-now-pay-later” oriented society will most likely not utilize the card in this manner.

By shopping for the best reward credit cards online, you have a fantastic opportunity to comprehensively evaluate offers, their benefits and their associated fees and potential finance charges. A thorough approach the card offer research will help determine which card provides the greatest benefit as well as long-term savings for your particular situation.

In short, if you are paying for purchases over a long period consider a lower interest card. If you pay back quickly, consider more of a rewards component in your search for the very best reward credit cards.

Aside from all being precious metals; silver, gold and platinum also signify the difference between the various strata of credit cards available to cardholders. So, what’s the difference between you having silver, gold and platinum credit cards?

Besides the kudos of having a metallic covered card in a stratum higher than the one below it, with silver being considered the lowest, gold next and platinum at the peak, these days there really is little difference between each of these cards. Two noticeable exceptions are:

Spending Limit

Although the cards are supposed to signify a higher credit limit and spending power, in fact what they do is act as a signal as to you supposed income. This is because as you go up in the line of colors, so (supposedly) should your income – and thus your spending limit. The only problem with this is that while the platinum card used to be an ‘invite’ only card, these days the qualifying salaries for each of these cards are set so close together that you do not really need to earning that much in order to qualify for a platinum card!

Membership Fees

These days the amount you need to pay in annual membership fees to card providers is the biggest difference between these types of credit cards. In part due to kudos element, card issuer feel at liberty to charge cardholders of platinum cards far more than they do to those who hold silver cards, which may, indeed, even be free of a membership fee!

So, while your spending limit may not be that significantly higher having a platinum card rather than a silver card, your membership fee almost certain will. The decision that you have to make, assuming you qualify, is whether you are willing to pay that extra amount in membership fees to have a higher ranking card. And by adopting a policy of silver, gold and platinum credit cards, the issuers are banking on you doing wanting just that!

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