Select Credit Offer to Review

Search Credit Articles

New and Used Car Loans and Refinancing--- Secured and Unsecured Credit Cards--- Credit Report, Score, Repair and Protection--- Debt Counseling, Settlement and Consolidation--- New Home Purchase, 2nd Mortgage ReFi, Cash Equity--- Short and Long Term Personal Loans


Auto Loan: Good or bad credit auto loan quote. Apply for a new or used auto loan, or for car refinancing.

Credit Card: Search for a gold rewards or a bad credit card. To rebuild credit, get an instant approval credit card. Browse unsecured platinum and guaranteed credit card offers.


Credit Report: Free credit report help to fix credit report errors and improve credit score ratings.


Debt Counseling: Nonprofit credit counseling, unsecured debt consolidation or free debt settlement.


Free Credit Offers: Get no obligation credit offers and receive alerts and tips to manage personal finances.


Home Loan: Stop paying rent and live the American dream.


Mortgage Refinancing: 2nd mortgage loan for remodeling, equity cash out or a debt consolidation loan.


Payday Loan: Get a good or bad credit unsecured loan with no credit check and no collateral.


Personal Loan: Short or long term personal loan.


Personal Finance: Create a personal budget, balance a checkbook, file bankruptcy and more.


Free Help: Personal finance newsletter, credit advice and tips.


Interest rates: National averages of credit card, mortgage, refinancing and auto loan interest rates.

Credit Articles

Financial News

Recent Articles

RSS Feeds Syndication

Site Map

Search Articles

Advanced Search

Article Options
Credit Card Savings Accounts
Credit Cards for Saving Money
Some rewards cards want to help you beef up your savings accounts and retirement, but if you aren't careful they might cost you more than you save.

Many financial institutions now offer rewards cards to help you save by automatically contributing to your savings account, retirement plan, college fund or even your mortgage.

Two particular rewards cards are being marketed as an answer to our nation's poor personal savings rate. Each of these cards, however, has pitfalls to avoid which could undo most or all of the savings benefits. As always, carefully read the fine print of each offer, note how rewards are accrued and refrain from carrying balances. Otherwise any benefit gained from the savings reward program may be eliminated by interest costs.

Also, there's no one particular 'best credit card' for everyone. The right rewards program depends on how much you spend and other details of your financial lifestyle.

One thing is clear; though, even at their best no credit card can take the place of a disciplined savings and investing strategy. You still need to save on your own for retirement, college and emergencies; these cards can, at best, add a few bucks a year to those efforts.

Here are cards to consider (visit website for current rates, rewards, limits, terms and conditions):

Bank of America's Keep the Change - With this card, your purchases are rounded up to the nearest dollar and the excess amount; from 1 cent to 99 cents, is debited from your checking account and deposited into your savings account. BofA provides a 100% match for the first three months on these transfers and a 5% match thereafter.

American Express One Card's Savings Accelerator - American Express deposits 1% of your purchases into an FDIC insured high yield savings account run by its affiliated bank.

Fidelity Investment Rewards MasterCard - Fidelity deposits 1.5% of your purchases into a Fidelity brokerage or retirement account.

Fidelity Investments 529 College Rewards Card - Fidelity deposits 2% of your purchases into your Fidelity-run 529 account.

Citi UPromise Platinum Select MasterCard - Citibank deposits at least 1% of your purchases into the 529 plan of your choice. The reward rate for gas purchases is 2% and the rate for certain grocery and drug store items is up to 10%. The credit card and applicable retailer-issued loyalty cards must be registered at UPromise.

Stockback Visa Credit Card from MBNA - The tiered rebate schedule depends on your monthly spending: 0.5% for the first $1,500 spent, 1% for the next $1,499, 1.5% for the next $2,000 and 2% for amounts over $5,000; no rewards for spending over $6,000 a month. Stockback deposits rewards in an investment account of your choice.

NestEggz Platinum Plus MasterCard from MBNA - NestEggz offers 1% rewards on purchases to be deposited in the retirement account of your choice.

Citi Home Rebate Platinum Select MasterCard - Citibank applies 1% of purchases toward the mortgage of your choice.

Webmasters: Free Credit Content for Your Website!

Multiple ways to use our financial content:

*) You can use our RSS Feeds for automatic insertion and updates

*) You can simply link to this article

Copyright CreditFederal.Com long term bad credit personal loan with monthly payments, no credit check pre-approved credit card, free debt settlement.