The Miles by Discover Card is a travel rewards card that offers card members a low introductory rate on both purchases and balance transfers. The card allows you to travel with no restrictions and even earn bonus miles each month you use the card. There is no annual fee and this card is designed for those with good to excellent credit.
Understanding the APR Calculation
APR is an abbreviation for Annual Percentage Rate, which is basically another phrase used to describe a credit card‘s interest rate. Every purchase made with a credit card gathers interest that must be repaid eventually. For example, a purchase made with a card that has an APR of 5% would cause 5% of that purchase to accumulate in interest.
Thus, a $100 purchase with such a card would cause a debt of $105. Some credit cards offer grace periods that give the cardholder a specific period of time before any interest is charged on a purchase. Before applying for any credit card it is best to learn and understand the various aspects of the APR and how it is calculated.
Varying Calculations
Unfortunately, every credit card company uses a different method to calculate the APR> However, they are required by law to specify the APR and the methods used to calculate it as well. New cardholders will usually receive this information in a small booklet that arrives with the credit card in the mail. T
How to Close Credit Cards for Deceased Relatives
When a loved one passes away, the last thing on your mind is their credit card bills.
However, in order to protect the deceased’s estate from additional charges, fees, or even identity theft, it’s important to remember that your loved one’s credit cards will remain open and active until you take the following three steps.
1. Call Credit Issuers and Close the Accounts
Round up all your relative’s credit cards and/or credit card statements and determine which credit card companies you need to contact. You should be able to find the right contact information either on the back of the credit cards or their monthly statements.
When you make the call, let the customer service agent know right away that you would like to close the account of a deceased relative. Most credit card companies have a special group of agents trained to deal with these situations, and you’ll likely find them to be much more compassionate and helpful than your average representative.
2. Provide C
How To Rent A Car Without A Credit Card
Recently I needed to rent a moving truck for the weekend and was surprised to find out the company I have gone through in the past had changed their rules and now required all renters to have a credit card and not a debt card in order to rent their trucks. This got me thinking about other instances where you might be in this situation where you only have a debt card, but the company only accepts credit cards. Take for instance renting a car. There are car rental companies out there that will only accept credit cards as payment for renting their cars. After searching around I have found there are also companies that will accept debt cards and even cash as a payment option. If you need to rent a car, but don’t have a credit card this article may be for you.
Some rental companies that allow their customers to use debit cards or cash have other policies in place that will apply, but nevertheless, you can rent a car without a credit card. I
Credit Cards with the Best Fraud Protection
Most major credit cards today offer fraud protection, which protects your credit rating — and your assets — in case your credit card is stolen or if fraudulent charges appear on your credit card.
This should be one of the primary benefits you look for when you apply for a new credit card. Ideally, you want to find a card with $0 fraud protection, which means there is no deductible and you are not liable for ANY fraudulent charges on your card. Some cards make you pay the first $50 in fraudulent charges.
You may also want to look at the amount of fraudulent charges you are protected up to … in other words, you are covered for fraudulent charges that do not exceed $250,000 — or whatever amount. This is especially important if you have an American Express card or another card with no pre-set spending limit.
You also want to find out if the card offers any pro-active fraud protection. Will yo