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April 4, 2006 17:32 - Review of the Chase Marriott Rewards Visa SIgnature Card

We are now offering the Chase Marriott Rewards Visa Signature card

This card allows you to earn 3 points for every dollar you spend at Marriot Hotels. It is obviously targeted at frequent guest members of the Marriott Rewards program. As an incentive, new cardholders get 15,000 bonus points and a waiver on the annual fee for the first year.

Read our review of the Marriott Rewards Visa Signature Card

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April 4, 2006 22:44 - Prime Rate increases to 7.75%

With the recent increase in the Fed Funds rate, pirme rate has also increased to 7.75% and that is the new rate used by most credit card companies from now onwards. I would expect fixed rate credit cards to increase their rates soon.

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April 8, 2006 11:16 - What makes a good frequent flyer credit card?

What makes a good frequent flyer credit card?

After looking at many frequent flyer credit cards, I have put my thoughts together and summarize the key features that consumers should be looking at when choosing an airline credit card.

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April 14, 2006 16:45 - Establish Credit History with a credit card

What is the best way to establish a credit history?

Firstly, open a checking and/or savings account. Secondly, get the bank to issue you a secured credit card. Using your secured credit card wisely (paying your bills on time) will build a credit history. You will most likely get offers from other credit card issuers within six to eight months.

College Students may be able to get a regular unsecured credit card as a lot of issuers have cards catered to them.

If you are an immigrant or expatriate, you may have an easier way if you already carry an American Express credit or charge card. American Express will issue you one card for every Amex card you already have.

I have done some homework on the choices available to those with no credit and have summarised them in this article.

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April 15, 2006 15:08 - Understanding FICO Score

While everyone (almost everyone) knows that having a good fico score is important for getting the best rates for either a mortgage, auto loan or any other credit. However, what components determine your score? How important are they?

To find out, I checked out myfico.com, which is owned by FairIsaac Corporation, the company that is behind the FICO scores, and summarized my findings here. (Read Article)

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April 15, 2006 17:19 - Which Marriott Rewards Credit Card should you get?

Aside from having the Chase Marriott Rewards Visa Signature Card, cardholders of many reward credit card can also exchange points for Marriott Hotel stays or Marriott check, which can be used to reduce the cost of your stay at Marriott Hotels. Their partnership with other "credit card reward programs" robs them of the "exclusivity" of Marriott Rewards Visa.

I have compared the Marriott Rewards that are available in several other "travel reward credit cards" and done a comparison. Marriott Rewards frequent guest members may want to check this out before applying for a Marriott credit card.

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April 16, 2006 22:32 - How does a credit card company make money?

A typical credit card company makes money in three ways.

  • Annual fees
  • Merchant fees
  • Finance Charges


Due to the amount of competition in the credit card world, most cards these days do not have annual fees. Hence, this is not a source of revenue for most credit card issuers. Merchant fees tend to be standard. Hence, a credit card companys' most profitable cardholders are those that carry a balance. Credit card companies have also been smarter in skewing the terms and conditions more in their favor than before. I have written in more detailed about these in the following article.

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April 17, 2006 23:21 - Fees of Prepaid Debit Cards

When you apply for a regular unsecured credit card, you have to understand things like apr, grace period, method of balance calculations etc. If you are looking for a prepaid debit card, there are whole set of different things to be aware of. Because prepaid cards do not extend you credit, things like apr and method of balance calculations are irrelevant. But prepaid credit cards have more fees that potential cardholders should be aware of. This article explains what you should be looking for when you apply for a prepaid debit card. (Read Article)

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April 18, 2006 21:43 - Ways to Improve Credit Score

There are many articles out there written on how to improve your credit score. However, when you think about it, it all boils down to basic good money habits. I checked out MyFICO.com, owned by Fair Isaac Corporation, which invented the FICO score. On their website, they highlighted steps you need to take to improve your credit score. I have summarized them here. (Read Article)

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April 28, 2006 22:31 - Chase is no longer offering the Cash Plus Rewards Card

Chase is no longer offering and promoting the Cash Plus Rewards Visa. This is one of the more popular cash back credit card that paid 5% cash rebates on purchases at groceries, gasoline stations and drugstores. It fact, this card is the most direct competitor of the Citi Dividend Platinum Select Card.

With this withdrawal from the market, the Citi® Dividend Platinum Select® Card will be the only 5% cash back credit card with a simple, non-tiered rebate formula.

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