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New JetBlue Cards! Change From Amex To Barclays Seems To Be For The Better!!

   JetBlue is swinging their bank alliance from American Express to Barclay Bank and that could mean good news for both new and existing credit card holders who may be interested in shifting loyalties too! In addition to new perks and privileges, the new cards feature chip and pin technology and are processed by MasterCard, both meaning wider acceptance here and around the world. JetBlue is a very-favored airline with a huge fan base. And for good reason. Some of their advantages over other airlines include more legroom in couch, free snacks and in-flight Wi-Fi. Their points never expire and...

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Chase Freedom Unlimited Now Available Online, Is It The Best Card For Everyday Spending?

Chase has debuted with a ‘new and improved’ version of their popular Freedom card. The Freedom Unlimited features an everyday 1.5% cash back on all purchases with no categories or calendars to keep track of, and no annual fees. Of course, offers for new cards wouldn’t be complete without tempting bonus offers, and Chase falls far from short with the offerings on this card. It advertises a $150 bonus (in the form of 15,000 UR points) after spending only $500 in the first 3 months and an additional 2,500 points for adding a free authorized user. UR points are Chase’s...

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Could Multiple Inquiries Be The Reason To Get Denied For Credit?!

  The impact of specific activities on FICO scores is difficult to determine to an exact science. That is both because the formula is proprietary and because many variables together determine the drop and rise of scores. The following is a general breakdown of the formula. We will discuss the impact ‘hard inquiries’ have on your score. 35% Payment History — Timely payment of all bills determine a large chunk of your score 30% Amounts Owed – The ratio of outstanding balances compared to available credit 15% Length of Credit History — Average age of all your accounts (credit cards, loans...

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What is a Hard Inquiry? Hard vs. Soft Inquiries

  Many factors affect the all-important credit score that rules much of your financial life. In this post, we’ll look into ‘inquiries’, when a person or company pulls your credit report to determine eligibility for extension of credit, insurance rates and sometimes even for property rentals or jobs. There are two types of inquiries, ‘hard pull’ or ‘soft pull’. Only a hard pull affects your score. Some people mistakenly assume that a soft pull can only be performed by the consumer, such as one checking his credit score. (That is one more reason to keep checking your score and staying...

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Should I Apply Or Discard It?!

  The credit card offers are piling up. Bonus miles, cash back, points that you can use to transfer anywhere and use for almost anything. Should you grab it all? Certainly, getting as many points as possible seems like the wise thing to do. The banks are giving them anyway, you should take advantage. But applying and getting approved for cards involves more than just signing an application or clicking through a few screens. Let’s discuss some things to consider.   First off, of course, is the credit score: Maintaining a good credit score determines access to those sweet offers....

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Why Canceling Credit Cards May be Risky?!

In a previous article, we discussed the pointers for canceling credit cards without ruining your credit score.    Here are a few more reasons to reconsider canceling your card.Banks dangle mega bonuses and perks in the hopes of getting a good, high-worth costumer. Applying for cards and cancelling soon after rewards are attained will raise red flags for issuers, and they will be hesitant to grant more credit if they see they will not make too much money from your business. They may even blacklist you completely!You may try to ‘transfer’ or downgrade to different cards. Sometimes, banks will allow...

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Best Bonus Ever for Chase Sapphire Preferred! Will I Get Approved?

Chase has upped the offer on their popular Sapphire Preferred card. For a limited time, new cardholders can earn up to 55,000 UR points after spending only $4,000 and adding and using once an authorized user. That is a huge improvement over the usual offer of 45,000 points.   The great thing about Sapphire Preferred points is that they transfer 1:1 directly to a large variety of airline and hotel partners including United, which is great for international travel (Europe, Israel), British Airways (best use for short haul flight like Florida or Montreal) and Korean Air (excellent for business or...

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Does Cancelling a Credit Card Hurt Your Credit Score?

Without a doubt, mega-bonus offers from credit cards are very tempting. And why not, you think? I can always cancel the card once the annual fee rolls around. That might not be such a great idea for several reasons. Let’s explore them one at a time.   Maintaining a good credit score is the first important point!!   The FICO credit score formula is a proprietary one, meaning we don’t know exactly what goes into it. But we do get some general hints. We know that 30% is made up of amounts owed, otherwise known as credit utilization, 15% is...

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Can I get To Know My Real FICO Score??? Don’t Get Fooled, Read This Before!!!

      You’ve seen the ads everywhere. Many services claim to offer you the all-important 3 digit FICO credit score your financial life depends on. Most of them however, turn out to be FAKO scores that never count when it comes to actually knowing the scores banks use.   Most people would love to know their FICO score but really, the main thing is to make sure your credit report is clean. There are 3 credit reporting bureaus (Equifax, Experian and TransUnion) and each is required to give you your report once a year. You can find them at...

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Compare All Credit Cards!!!

Compare Credit Cards        BARCLAYS   NEW - The JetBlue Card - 10k bonus points after spending $1,000 – $0 annual fee - 0% introductory APR for first 12 billing cycles on balance transfers   NEW- The JetBlue Plus Card - 30k bonus points after spending $1,000 – $99 annual fee -  6 points per $1 on JetBlue purchases - free 1st checked bag for the cardholder and 3 companions on the same reservation. NEW- Barclaycard Cash Fwd. Card  - Unlimited 1.5% Cash back + $100   Barclaycard Rewards MasterCard 20k bonus miles after 1k in purchases no annual fee – 12 months o APR on BT...