Today’s feature: Discover It credit card review

2 years ago, when I had just started this blog, the Discover More was one of the first credit cards that I reviewed. Since then, Discover Financial Services has replaced the card with the Discover It which is in many ways the same as the Discover More. I personally still have the Discover More, but most people these days have already switched over to the Discover It. It is about time I reviewed the Discover It as well.

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Continue reading Today’s feature: Discover It credit card review

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Today’s feature: Bank of America BankAmericard Travel Rewards credit card review

One of the most lucrative travel rewards credit cards
One of the most lucrative travel rewards credit cards

I reviewed Bank of America’s BankAmericard Cash Rewards credit card in this post: Anatomy of a credit card: Bank of America BankAmericard Cash Rewards review

Next in the line is Bank of America’s BankAmericard Travel Rewards card, one of my favorite credit cards, and one of the most under-rated rewards credit cards.

Continue reading Today’s feature: Bank of America BankAmericard Travel Rewards credit card review

Bank of America’s credit cards: an insider’s view

Last week, I featured Bank of America’s BankAmericard Cash Rewards credit card, compiling most relevant information that is more or less public, meaning that you can obtain the information without actually having the card. As an actual cardholder, I have the advantage of knowing exactly what’s inside Bank of America’s online banking system, what other benefits a BofA card offers, as well as the details of the card’s features.

Continue reading Bank of America’s credit cards: an insider’s view

Credit card rewards: when miles, points, and cashback are not created equal

As I have explained in previous posts, credit cards have a large variety of benefits over debit cards and other methods of payments, such as credit profile building, warranty extension, delayed payment, and emergency fund. Apart from APR’s, credit cards are more or less the same with respect to most benefits.  And of course, you should never carry a balance because a low credit card APR is still a ridiculously high interest rate. How, then, do you decide what credit cards to obtain?

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Well, how about rewards, the most prominent feature of credit cards that are advertised these days on TV and newspapers, as well as brick-and-mortar banking locations? 1% cash back on every purchase. 5 points per dollar spent on honey. 2 miles per dollar spent on US Airways flights. I’m sure you’re familiar with these commercials already. What’s confusing about these reward systems is that they use different types of currencies which are sometimes hard to evaluate. I will attempt to decipher the most common credit card currency types for you below.  Continue reading Credit card rewards: when miles, points, and cashback are not created equal

Credit cards for credit builders: what are your options? –Part 1

When I opened this blog, I had in mind the picture of myself back in January 2012, half a year out of college, and having no credit. Today, it is about a year from that, and many from the next generation of college graduates are probably having the same credit situation as I was. I was lucky to be well-guided by knowledgeable friends, and I thought it’d be my turn to provide a mini-guide for those looking to obtain their first credit card.

To recap what I wrote in my most popular post to date: Introduction to personal finance, here are the 3 main reasons you need a credit card in order of importance: Continue reading Credit cards for credit builders: what are your options? –Part 1