Translate Blog

Thursday, April 16, 2009

Rewards Credit Cards Offers

Choosing the rewards credit card that offers the rewards best suited to your needs is using your credit and your finances optimally.

Cash Back Rewards

Cash back rewards give you bonus cash each time you use the rewards credit card at supermarkets, gas stations, etc. That way your rewards credit card gives you the option to spend the money as you please. The best rewards credit cards give up to 5% cash back and a 0% APR for up to 12 months. And to qualify for this type of card offer, you’ll need to have pretty good credit.

Some rewards credit cards give you the benefit of choice. You can choose either frequent flyer miles or cash back depending on your preference.

The very best rewards credit cards give you up to 6% back on purchases and gas rebates. But those offers are few and far between. Very good travel insurance, accident insurance and auto rental insurance are some of the other perks you can expect.

Frequent Flyer Miles

It makes good sense for frequent air travelers to use a reward credit card that offers frequent flyer miles as a reward. These credit cards offer you points based on the amount of money you spend and the amount of airline miles you may purchase using that card. The best rewards credit cards offer you bonus points after initial purchases. If you have good credit, you can easily get a rewards credit card with a 0% introductory APR.

Entertainment Focused Rewards Credit Cards

Some credit cards cater to people who frequent movie halls, restaurants and generally go out a lot. Special offers and promotions are also offered to the owners of these rewards credit cards. Backstage passes, free music downloads and guest benefits are only some of the ways owners of this type of rewards credit card will benefit.

When applying for rewards credit cards remember that the best rewards credit cards are unique for each individual. Remember to take into account carrying costs of the card as well as details like the method of calculating interest. With the right homework and the right rewards credit card you may find yourself being able to take that perfect vacation…

Wednesday, April 15, 2009

Gold Credit Cards

Gold credit cards are beneficial if you are a high spender seeking associated benefits such as free air miles, cash back, reward points etc. These credit cards give you the added advantage of high or no credit limit. Though generally the credit limit is quite high still it depends on your annual income and your credit rating. Companies will certainly not offer a gold card to people with a bad credit history or to those who have low income.

Gold credit cards are special privilege cards that are traditionally offered by credit card companies either to high earners or to their loyal customers who have a good credit history. Traditionally they are considered to be status symbol because they are associated with high annual income, which offer added services and benefits.

The credit card companies will generally offer a better service and many more benefits to these privileged customers. Additionally, they have lower interest rates as compared to that of standard credit cards. Generally, there are low or no annual fees on Gold credit cards. View your statements, pay your card balance and transfer balances. There is an online fraud guarantee, so you're not responsible for any unauthorized purchases.

Gold credit cards main features:

  • Payment protection plan protects in case of involuntary unemployment, accidental injury or sickness.
  • Card protection Plan protects your account in case of loss or theft of your card.
  • You can share it with family and friends. Thus avail a greater flexibility and convenience.
  • It provides complete travel insurance up to £250,000
  • A number of travel benefits.

    A word of caution is necessary here. You will have to spend a lot to make it work for you. As with all credit, you will reap the benefits when you are able to afford the repayments, however, the moment you fail you may land yourself in a financial trouble. Missing your monthly payments would mean penalty fee and costs plus a dwindling credit rating, creating problems in future.

  • Tuesday, April 14, 2009

    Credit Card: Apply Credit Cards Online

    Applying for credit cards online can be an extremely simple process. Most credit card providers have websites that give you all of the necessary information to make your decision. If you are looking for a credit card, all you need do is visit their site and judge for yourself if the terms are acceptable. You have access to a huge number of card providers online so if you want to shop around it couldn’t be easier. There are even websites that specialise in comparing different rates and different categories of card which make your selection process even easier. For example, if you want a credit card that provides a good balance transfer rate, then you can search these specific cards. Or if you want a card that has a good reward scheme, low interest rates on purchases, or any other speciality, then it will all be there at your finger tips.

    Many people are applying for credit cards online. Along with online auctions, and shopping, signing up for credit cards, loans and insurance has been one of the fastest growing commercial activities on the net. Part of the reason is the speed and convenience of doing so. Another part of the reason is that you can find out the offers of a huge number of providers all at one place and judge which is the best very easily.

    Once you have decided on a card, click the link to the card providers website or application form and fill in your details. You will be asked for all your personal details, and usually that is all. The rest of the information, the card providers can access themselves through your credit report. They will take your application and review it and do a credit check. If they are satisfied that you are a good risk, they will accept your application. While this is all done in the same way as any other form of credit application, because it is online it is secure, and also a lot faster. You do not have to wait for the application to get to them in the post and it is a lot more difficult for would be fraudsters to intercept the information.

    Once the card provider has accepted your application, they will mail out the necessary documents which you should read, sign and return. Within a week, they can have sent you your card, and your pin in two separate letters and the process is complete; you have just been accepted for a new credit card.

    There are some rules to credit card use that you should also be aware of, determined by the type of card that you have. Normally 0% balance transfer credit cards when you are transferring balances have the basic rule of not spending on the card – anything that you spend will accumulate interest, while you continue to pay the transferred balance. In effect, negating the point of the 0% transfer.

    Monday, April 13, 2009

    Credit Card: Visa Credit Cards

    Visa is one of the most known credit card companies, the Visa symbol is known worldwide. There are many different types of Visa credit cards offered, and this article will review some of them to give you a better feel for the company.

    Visa credit cards are not actually distributed by the Visa Company, merely banks that back up the Visa standard, so rates may be different.

    The Visa classic is one of the most commonly seen credit cards. It is an ideal first card that is simple, flexible, and usable worldwide. Many different banks issue this type of card.

    The Visa secured is a great way to begin to build credit, or help re-establish bad credit. By placing down a deposit, you can effectively guarantee that you will be approved for this card.

    For those with established history, the Visa Gold can be the next step up. It generally features lower APR rates and higher credit limits. For those in the higher echelon of the credit world, the Visa Platinum is a standard for credit excellence. Featuring phenomenally low rates and high credit lines, this card is the who’s who of Visa credit cards.

    Remember, make sure you can afford monthly payments before you mount up any debt, that will you will continue to improve your credit rating, and can gradually get better offers on cards and any kind of credit. You will also be more likely to be accept for much lower interest rates, such as 6 month 0 percent annual interest rates.

    After finding out about the various types listed here, you can generally figure out which card is right for you. Simply find a bank that offers the card, and you’re well on your way to becoming a Visa cardholder!

    Sunday, April 12, 2009

    Tax Attorney: Why Do I Need

    Many people do not even consider consulting a tax attorney until they open their mailboxes one day and there is that dreaded letter from the IRS. A tax attorney is a lawyer that specializes in all areas of taxes. The tax attorney is required to attend law school for one to three more years, after regular law school, to receive their Masters in taxation.

    The IRS has its own group of experienced tax attorneys, so if there is ever a time when you need to face the IRS for any reason, it is imperative that you have your own tax attorney with you. A tax attorney has all the tools and means necessary to handle any tax matters that come up during any tax disputes or issues.

    If you have been contacted by the IRS and are looking to retain the services of a tax attorney, there are certain things to keep in mind when looking for the right one.

    First, you need to choose a tax attorney that has extensive knowledge and experience in all areas of taxation. This means your chosen tax attorney should be up to date on all tax regulations, laws, recent and past tax court cases, recent and past tax rulings, appeal procedures, audit procedures, tax litigation and collection.

    You should also look for business knowledge when considering a tax attorney. Your tax attorney should have a good deal of knowledge when it comes to business accounting. He or she should have the experience and training in financial areas in order to understand your case fully. Your tax attorney should also have a working knowledge of many other legal areas, such as bankruptcy, agency law and contract law. Your tax attorney should have a good deal of legal knowledge in order to recognize any issues that could be deemed criminal in nature.

    Finally, you need a tax attorney that has skills in negotiation and litigation as well. If you need to take on the IRS, you will need a tax attorney that can negotiate settlements and be at your side if you do need to go to Tax Court, if the IRS accuses you of a of tax crime. Dealing with the IRS can be a long, hard and demeaning process. It is imperative that you have a reputable, knowledgeable tax attorney at your side during the ordeal.

    Your tax attorney will have full working knowledge about all aspects of the tax laws and what the IRS legally can and cannot do during the process. He or she can advise you on your rights if the IRS happens to break the law during any part of your dealings with that agency.

    Saturday, April 11, 2009

    1031 Exchanges: The Legal Way To Defer Investment Property Capital Gains Tax

    With the booming property prices of recent years, more and more people are finding themselves facing a large tax bill when they come to sell their investment properties. However, did you realize that there is a perfectly legal way of deferring payment of such taxes by utilizing the advantageous 1031 tax code that was introduced by the IRS in the early 1990s?

    A 1031 exchange is a way of deferring payment of capital gains tax on certain types of real estate. Normally when an investment or business property is sold, capital gains tax has to be paid. However, with 1031 exchanges, by replacing the old property with a like-kind property, within set time limits, payment of capital gains tax can be avoided.

    Under the 1031 exchange real estate rules, a seller must have held a property for at least one year and a day for it to qualify. Another requirement is that both old (relinquished) and new (replacement) 1031 exchange properties must be of a like-kind - either rental properties, vacant land, trade, business or investment properties.

    1031 exchanges must be completed within strict time limits. There is a 45 day Identification Period from the transfer of the old property, in which a replacement property must be identified. The 1031 exchange rules stipulate that the exchange must be completed within the 180 day Exchange Period.

    The 1031 exchange real estate issues are complex, so it is imperative to seek professional advice from a tax advisor or qualified intermediary who can assess your specific circumstances and explain other issues such as the reverse 1031 exchange or TiC rules. With careful financial planning, you can reinvest your capital gains in future real estate investments, thereby allowing you to leverage your money more efficiently and to reap greater financial benefits.

    Wednesday, April 8, 2009

    Auto Insurance: The Different Types

    In the US, auto insurance is mandatory and not a choice. Drivers can enjoy a number of varying insurance offerings in order to allow them the flexibility in cost and coverage that they are looking for from their insurance company. Not all insurance companies offer the varying types of coverage, so it is very important for you to check with your company to learn the limitations of what they have to offer you.

    Property damage liability covers the cost of repair or replacement when you damage someone else's property in an accident if the accident is proven to be your fault. Insurance collectively referred to as comprehensive and collision coverage will cover the cost of repair or replacement of your vehicle in the event of an accident. In some cases, the coverage will also cover the cost of another vehicle if you are not driving your own when the accident occurs.

    Liability coverage from an auto insurance company will cover the damage that occurs to other drivers as a result of your actions. There are a few different levels to liability coverage. First, bodily injury liability will cover the cost of another person's medical costs or death if they are hurt in an accident that is found to be your fault. If a person in an accident files a case against you as a result of the accident, liability coverage can provide you with some legal defense. You will want your liability coverage to ensure that if a claim is brought against you, you have enough insurance to cover a judgment without involving your own personal finances or assets.

    Comprehensive insurance coverage can also cover the cost of your vehicle if your car is stolen, damaged by animals, a fire or flooding. Specific coverage is limited to the terms and conditions set forth in your insurance policy; as such, individuals need to check with their insurance company for details in their policy.

    Underinsured motorist property damage covers the cost of repairs when the negligent party possesses insurance, but the limitations of which would not be enough to repair the damage caused. Underinsured motorist bodily damage covers the medical costs for you, members of your household and passengers in your car when the insurance of the negligent driver does not cover the entirety of the amount needed. Uninsured property damage protects the vehicle of a person who gets into an accident with a negligent driver who does not have insurance.

    Uninsured motorist bodily injury protects insurance policy holders, members or their household and passengers in their vehicle from medical costs or the costs of death. This policy will be relevant in the event that an no-fault driver does not have insurance. Only twelve states within the United States offer no-fault insurance, where insurance coverage is covered on the part of the policy holder regardless of whose fault the accident may be. This means that your vehicle or bodily damage will be covered by your own insurance, whether you are the negligent driver or not.