4 Credit Cards That Fight High Gas Prices
Posted on January 23rd, 2012
With gasoline prices on the rise again, it’s a good time to take a look at credit cards that can help you defray at least some of those higher prices.
The cards below have some of the most generous rewards on gasoline purchases, but also carry a warning: Many carry very high annual percentage rates.
Here are some of the best gas rewards credit cards:
PenFed Platinum Cashback Rewards Visa Card
The best gas rewards card isn’t issued by an oil company, but by Pentagon Federal Credit Union, one of our favorite financial institutions.
The card pays 5% back on gasoline purchases at the pump no matter where you fill up.
In addition, it has one of the lowest APRs around: 9.99% on purchases through June 30, 2014, after which it can change if the prime rate does.
Through March 31, there’s a 1.99% APR on balance transfers for 24 months. Along
Tags: Credit Cards, Prices
No Comments »
Could money market funds break the buck again?
Posted on January 19th, 2012
Money market funds are nicknamed sleep-at-night funds because they’re largely safe and stable.
They invest in short-term, highly rated debt issued by banks, governments and corporations worldwide. Currently, $2.6 trillion are stashed away in money market funds, waiting to be reinvested.
Yet, in September 2008, the $65 billion Reserve Primary Fund in New York broke the buck — selling for less than the $1 net asset value of a fund share — after it was caught holding bankrupt Lehman Brothers debt.
A panicked wave of money market fund redemptions followed, causing the government to step in. “A lot of funds were in danger of going under,” says Mike Krasner, the managing editor of iMoneyNet in Westborough, Mass. “Commercial paper was freezing up worldwide.”
Could money funds break the buck again?
Money market mutual funds, or MMFs, try to keep their net asset value constant at $1 per share.
Tags: Funds, Market Funds, Money Market, Money Market Funds
No Comments »
Using Government Grants For Debt Relief
Posted on January 19th, 2012
When looking to pay off credit card debt, one of the most overlooked options many people have are government grants. Many people do not look into these grants because they simply do not know about them. However, the government sets aside billions each year just for this purpose, to give them away. If you are one of the millions of people who are suffering from credit card debt, you definitely want to consider applying for a grant from the government.
Government grants are available, the key is finding them. If you are looking for debt relief, you should understand that there are ways to get out of this debt and it is up to you to seek the help you need and deserve. We all get into trouble now and then with our financial situation, however, if the help is available, why not take advantage of it.
Why do these grants make more sense when it comes to credit card debt elimination?
Tags: Debt, Government Grants
No Comments »
3.00% APY Best reward checking account with Delaware Federal Credit Union
Posted on January 18th, 2012
Delaware Federal Credit Union continues to provide competitive interest rate with their reward checking account called Better Life Checking account. You can earn an interest rate of 3.00% APY for balances of up to $25,000 and 0.35% APY for the portion of the balance above $25,000. You also get to refund up to $25 worth of your ATM fees when all qualifications are met. The following are the list of checking account monthly requirements that you need to meet:
- you must make at least 10 purchases using your debit card
- sign up and receive your electronic bank statement
If you do not meet the bank’s prerequisites, you do not have to worry since you will still earn their base interest rate of 0.05% APY. T
Tags: Credit Union, Federal Credit, Federal Credit Union, Union
No Comments »
How to Invest in Gold Bullion when Prices are Rising
Posted on January 15th, 2012
As gold prices go up, more and more people want to start buying gold as an investment. The more people want to buy, the higher the price goes up. What does that mean for you? Start investing now if you want to get in at a good time. Buying yesterday would have been better, but it’s better to buy now than years down the road. You can learn how to start investing in gold fairly easily. Here are some simple ways to invest in gold that anyone can do.
Gold Bullion
Gold bullion isn’t a special investment. It is just the name for different forms of gold. Gold coins and bars are both gold bullion. If you want to purchase gold bullion at the right time while the prices are rising, do it now!
Dealers
There are dealers online and off where you can purchase gold. If you can’t find a refinery or dealer to purchase gold at, look online. Try t
Tags: Prices, Prices Rising
No Comments »
Major Indices Up for the First Week of the Year.
Posted on January 12th, 2012
Weekly Wrap Up
Markets began the week with a rally, as positive economic data about the manufacturing and construction sectors of the economy were released on Monday. Though Germany managed to get a lower rate for its debt during its auction on Tuesday, markets ended flat for the day. Markets continued to be flat or mixed for the rest of the week, with the week overall ending up.
Both Amazon and Barnes Noble saw tremendous sales of their ebook and tablet products during the holiday seasons. The former has admitted that they sold at minimum four million Kindles during December, and Barnes Nobles Nook sales did so well that they are considering spinning off the division into its own independent company. More Market News
Economic News
US jobless rate falls to three-year low as 200,000 Americans find jobs Companies hired 212,000 workers in December, which helped drive the unemployment rate down to 8.5pc from a revised 8.7pc in November, according to the Bureau of Labor.
Tags: Week, Week Year
No Comments »
Air Miles Dream Rewards vs Air Miles Cash Rewards
Posted on January 9th, 2012
Share this Story
Get BankNerd.ca email Newsletter
The Air Miles rewards program was launched in Canada in 1992, and is one of the largest rewards program to date. Collecting Air Miles from the participating partners allow clients to redeem for 1,200 reward choices; this includes travel, entertainment, home electronics, and gift cards.
That being said, Air Miles is adding in an additional program to the Air Miles rewards program, which is otherwise known as Air Miles Cash.
Tags: Air Miles, Rewards
No Comments »