Information Center – News and Articles about Credit Cards
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A Credit Card Deal that Will Make You Look a Million
Credit card issuers, striving to attract more female clients, have designed a new credit product that is aimed to please women. Visa having teamed up with Avon, one of the world's leading cosmetics companies, issued a brand new credit card, called Avon Visa Platinum.
The fair sex has always been an object of admiration. Women are beautiful, tender, and gracious. But being a woman is not an easy task. Many ladies wake up an hour earlier to style their hairdo, put on a make up, and do other little things that make them look pretty, neat, and attractive. Besides, women spend a great deal of time on skin, hair, and nails care. They go to yoga, pilates, and other fitness and dancing classes to keep fit. And you will hardly find a woman that will pass by a cosmetics store or a beauty parlor.
Most of women seem to have a real passion for all those shampoos, conditioners, lotions, tonics, eye-shadows, liners, lip-sticks, nail polishes, and many other cosmetic products. Having applied for an Avon Visa Platinum you will be able to become even more beautiful and charming while saving money. And become a part of Visa credit cards membership.
This card is one of the Bank One credit cards. It comes with an enticing rewards program. Your every dollar spent with Avon Visa Platinum credit card will turn into one Avon Reward point. As soon as the amount of your rewards points makes up 2,500, you will be granted a $ 25 "Avon Beauty Rewards" certificate. It will be sent to you together with you monthly credit card bill. And you will get a chance to redeem it for any of Avon beauty products.
If you are one of the Avon representatives or distributors, this point rewards card is just a must-have for you. In this case such a plastic might become a good extra source of revenue for you. When your client makes his or her first purchase using an Avon Visa Platinum, you get that $ 25 certificate.
Your first Avon Visa Platinum purchases will neither be left without notice. You will get such a bonus as one of the most popular Avon skin care products - "Anew Retro Active".
But a unique rewards program is not the only benefit of this credit card offer. This plastic comes with 0% intro APR for the first six months on both, balance transfers and purchases. The ongoing interest rate is quite reasonable - about14%.
Another perk for Avon credit card owners is that this plastic is a no annual fee card.
However, it is not always rainbows and butterflies. This credit card has a shortcoming. Bank One uses the method of two-cycle average daily to sum up your monthly balances. The interest in this case is accrued only to the current cycle account. And, as you guess, the interest you are to pay for the whole loan can be pretty much varied.
But as you know, there is a price to be paid for our beauty. And I doubt that the above-mentioned inconvenience can stop you on your way to perfection. Avon Visa Platinum should take a place of honor in every lady's favorite purse. And it will become a good help-mate in making your skin soft like velvet, your hair strong, silky and shining, and your face look like those you see on the covers of beauty magazines.
Most credit tips say that the sooner you pay off your credit card balance - the less money you will lose on interest. On-time payments will favorably bound back on your credit score and payment history. This kind of advice is what we all are used to hear and read on the Web, in financial magazines, in tips columns. But does this financial behavior model really have a positive effect on your FICO score and credit report?
How can it be questioned, you ask? A perfectly disciplined plastic owner that pays off his or her balance before a lender could say Jack Robinson. Is not it any creditor's dream? No, it is not always so. Let's find out why a lender would want a different behavior model from a borrower and when this kind of paying down debts can weigh heavily against a cardholder.
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There are a number of embarrassing situations that are just a nightmare for cardholder. Feel no wallet in your pocket just before the cash register? See some unauthorized charges in your credit report? Loose you wallet with all your plastics in it? Very soon we are going to have no fear of these things, thanks to amazing technical progress.
Indivos Corp. which majors in computer hardware and software development has been working on an electronic system for making payments over a number of years. The thing about this system is that it enables transactions to be made by scanning customers' fingertips. A number of retailers have already expressed interest in testing the new system.
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Active credit card use is a sign of a society with well-developed market relationships. More and more people get involved in buying goods and services with plastics. Using virtual funds to make real purchases is very convenient. But this extended buying power has led Americans to a dangerous trend. Over 40% of American households, according to the USA Federal Reserve statistics, spend more money than they make.
In the average, every American of these 40% spends $1.2 per every $1 he or she earns. Plastics have changed people's spending habits. These plastic devices allow and encourage people to spend more and more money. Around 18% of all purchases made by Americans involve credit card use. About 24% of the purchases are made with other types of plastics.
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If you are determined to eliminate your credit card debts and you have good credit, getting a balance transfer card is a good idea. You can shift your credit card balances with high interest rate to a card with much lower rate or 0% APR at all. But there is one thing that can reduce your profit from this kind of a deal. It is balance transfer fee.
Most balance transfer cards come with a fee for a transfer. Not long ago you could easily find a plastic for balance transfers with no fee. However, due to the credit card market crisis and economy slowdown, lenders have pulled these deals from the market. And now it is rather hard for a customer to find a balance transfer card that comes with no fee. But there are some ways to negotiate a better balance transfer deal.
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