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Last Chance to Enjoy Citi Benefits

Only a week is left before Citi finally winds up most of the travel and consumer perks their credit cardholders got used to. We would like to remind you that the bank announced this bonus cancellation on almost all of their rewards credit cards about two months ago. So, looking for the pros, at least some time was given to make the last use out of the benefits and accept the situation.

However, in case you are still out of the swim, let’s sort it out a bit. If your wallet contains such cards as the American Airlines AAdvantage MileUp℠ Card, the Costco Anywhere Visa Card by Citi, the Citi Double Cash Card, the Citi Premier Card, or the Citi Prestige Card, then you get on the list and should be ready to face changes on September 22, 2019.

Depending on the card, you may no longer be able to use Citi Price Rewind, Trip Cancellation & Interruption Protection, Worldwide Travel Accident Insurance, Baggage Delay and Lost Baggage Protection, Travel and Emergency Assistance, Worldwide Car Rental Coverage, Roads ...

Amex Offers New Perks for Delta SkyMiles Cards

American Express came out with a fresh promo for new Delta's Gold and Platinum SkyMiles credit cards’ owners. It is promised that those who will manage to seize the opportunity of it, will be able to easily cover the cost of their card annual fee for several years. It will be recalled that the Gold card annual fee is $95, and the Platinum card charges $195 per year. Let’s find out whether it is as profitable in fact.

The Gold Delta SkyMiles Card Intro Offer

In the first three months, new holders of the Gold Delta SkyMiles Card will be able to get 50% back from all purchases made directly with Delta, up to $300 in total. The earned amount will be credited to their account as statement credits. Another nice perk is extra 30,000 bonus miles that new cardholders can get in case they spend $1,000 in the first three months. This amount is equal to $300 when redeemed for eligible Delta flights.

If we count, the Gold Delta SkyMiles Card can bring you up to 60% back. To get the most out of it, spend $1,000 ...

Why You Should Think Twice Before Canceling Your Credit Card

To begin with, yes, closing a credit card account can have a negative impact on your credit score. At first glance, this may seem the quickest and the most appropriate solution to the question of credit card debt or high fees. But in fact, sometimes it may even worsen the situation. Cancellation wounds such factors as credit utilization ratio and average accounts age, which, in turn, have a direct impact on credit score.

Bankrate has recently conducted a credit card cancellation survey with 2,301 American respondents owning credit cards. The survey revealed that 61% of cardholders in the U.S. had canceled at least one credit card and 37% – two or more.

Cardholders are not Aware That Credit Card Cancellation Affects Credit Score

Despite the active promotion of financial literacy in the U.S., it turns out that only less than half of the interviewed, namely 42%, understand that canceling a credit account is not for the better, while 15% are confident that it brings no aftereffects at all. What is more ...

How to Decode Numbers on a Credit Card

Have you ever thought about those numbers on your credit card? This is not just a random set of digits. They contain certain information. Let's figure out what is hiding behind them.

What about that long number on the front? It is necessary to identify a particular card and provide information about the credit card network and the issuer. Typically, a credit card number consists of 13-19 digits. For example, Visa, Mastercard and Discover card numbers have 16-digit numbers as a rule, while American Express card numbers are 15 digits long. The assignment of these numbers is supervised by the American National Standards Institute and the International Organization for Standardization. So, they are not just casual, each digit is important.

• Digit 1 is the Major Industry Identifier. It represents the issuer and their field of activity. These 9 industries include Banking and financial, Travel and entertainment, Airlines and others. Each card network corresponds to a particular digit. Visa card numbers start w ...

Paying with Credit Cards Abroad – Good or Bad?

Visa’s Survey

Visa has recently published the results of a new study of the credit card holders’ preferences when traveling abroad. The survey was commissioned by Visa and conducted in March 2019 among 500 18-65 years old U.S. citizens who had left the country for traveling at least once during the past 2 years.

It was revealed that 63% of respondents feel uncomfortable and more exposed to theft when they have cash with them. That's why travelers prefer paying with credit cards in 48% of cases while being abroad, and 43% of them consider credit cards the safest payment method.

At the same time, travelers admitted that sometimes they had met a want of cash and complained of some inconveniences faced because of the lack of local currency. 44% of respondents had been prevented from making some purchases, e.g. 29% had been unable to buy souvenirs, and 32% said they could not have given a tip.

Credit Card or Cash?

The survey shows that people trust credit cards and feel safer not carrying cash in the ...

Where Your Emergency Savings Should Start At?

Having an emergency fund or emergency savings gives a certain peace of mind. You know that there is money set aside for unforeseen expenses and feel more confident looking into the future.

However, its easier to say than fund emergency savings. But today, having emergency savings accounts is set as a top priority by many people. So, what is that magic amount that will allow you to stay aloft in case the unexpected occurs? Some expert say that the emergency fund should start at about $500. However, this amount mainly depends on your income and cost of living.

Where to start

First of all, you need to determine those unexpected situations you need the emergency fund for. It can be car repair or los of job, or medical expenses. Secondly, look at your lifestyle: the appropriate amount will be different for a student, family or a single mom. It is recommended to put away at least 5 percent to 10 percent of each paycheck until your savings reach three to six months’ worth of expenses.

How to keep

Many ...