Search For Credit Cards

With credit card companies desperately vying for the attention of prospective customers, there have never been more rewards credit card offers available on the market. Fortunately, the majority of rewards credit cards provide some form of benefit or discount which can be extremely advantageous when one is planning for or is enjoying a vacation. The following are five ways that a rewards credit card can save money on a vacation.

1. Gasoline Discounts

Some credit cards, commonly known as gas rewards cards, provide a specific rebate percentage for each gasoline purchase. At the end of the rewards period, a check or certificate is mailed to the cardholder for the total amount of all of the rebates applied to the account during that year. Other cards may provide these rewards in the form of a balance credit, while others may send out rebate checks on monthly basis rather than annually.

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Paying your bills with credit cards can be a convenient way to stay on top of what you owe. In most cases you can even increase your cash-back earnings on your rewards cards with your bill payments. Before you link your credit card account to all your utility bills, though, be sure to consider the pros and cons of paying your bills with credit cards.

Pros of Paying Bills with Credit Cards

Consider these benefits of paying your bills with your credit card

Automatic payments give you fewer bills to fill out each month. This can be great if you travel a lot or just have a lot of other things to juggle in life.

Avoid worrying about services being turned off or interrupted coverage since you’ll never miss a payment.

Paying online can be quicker and easier than filling out a paper bill and putting it into the mail.

Rewards points can add up faster when you put your utility bills on your credit card.

Cons of Paying Bills with Credit Cards

While putting bills on plastic can be rewarding, there are also certain risks to consider

Autopay gives your credit card information or bank account info to the company issuing your bill.

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Credit bureau Experian announced last week that positive rental history will be included on credit reports going forward.

The move should help underbanked consumers, such as college students and recent immigrants, build credit history.

In the past, only subsets of negative rental activity were included on credit reports, so consumers’ credit scores could only be hurt by their rental history.

The company said one-third of the country rents and argued that on-time rental payments should be included to reflect the “true creditworthiness” of those who pay on time each month.

Banks and lenders also stand to benefit from the change, as they’ll be able to update their underwriting procedures to automatically capture a consumer’s rental payment obligations from a credit report, instead of inputting it manually.

They’ll also have a more accurate understanding of a consumer’s total monthly obligations to assist in making future credit offerings.

Experian noted that the addition of positive rental history on credit reports will boost credit scores for more than one in three consumers in the highest risk VantageScore® score band to at least the next highest score band.

VantageScore uses both a number and letter grade (A, B, C, D or F), and has a credit score range of 501-990.

It’s unclear if the more popular Fico score will utilize positive rental history, but it’s fair to say it would make sense.

All the more reason to ensure you make your rent payments on time each month.

Issuing employee credit cards is an excellent way to alleviate and allocate the fiscal responsibilities of managing and operating a business. Many small to medium-size businesses have a moderate employee base, with supervisors, managers, and administrators often needing access to funds for supplies and company investments. In the interests of time and productivity, many business owners choose to issue credit cards to their employees, which are all linked to a single business credit card account. Employee credit cards offer a number of benefits, including centralized expenditure tracking, fewer financial administrative duties, and simplified tax accounting. The following information provides tips and techniques which can be employed to manage employee credit card accounts and ensure the safety of company funds.

Establishing Acceptable Use

The first step that any business owner should take, after issuing employee credit cards, is to establish a detailed and professional policy which outlines what types of purchases and transactions are considered to be an acceptable use of company credit cards.

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