Looking for a credit card rewards program

I am going to make this pretty short because I am short on time. When trying to review all the credit card companies out there it can get pretty complicated. Every company has their own reward programs to get you to sign up with them. "Watch out" Most of the time there is going to be a catch somewhere in the contract. The contracts are written in ways that can be really hard to understand. Check out this video and it will show you all about what the credit card companies are doing to you. Important Video

For example one of the biggest credit card company has a very successful program with 0% interest for the life of the program. They want you to go through all your other cards and do a balance transfer, this way you will only have to make one payment to them. Why not with a 0% interest it would be foolish not to and just think of the money you are going to save. The other cards have 7.99% or even 12% APR that is still a lot of money that can go back in your pockets. Right?

Wrong!!! They use that promotion to get you in that of state of mind. You start thinking about what you can use that extra money you will be saving on. So you jump right on the program and it is great for the first couple of months. It is just an ordinary month, you open up your statement and Bam you went from 0% APR to 29% APR because your debt to credit ratio is too high. You have been taken by the credit card company. You have transferred everything to them and now you are paying double or even triple what you were paying before you did the transfer. If you are tired and need help with debt releif and want off the treadmill, then maybee I can help. i will have a lot more to share with you very soon.

One of the other things that is very misleading is when they say 0% or even 7.99 % whatever the case maybe for the life of the program, watch out They make it sound as if it is going to stay like that forever as long as you don't mess up on the card. Again not true, when they mean life of the program it only means for as long as they want to offer that promotion on the card. It could be 2 months or 5 months, it will be when they decide they have enough people on the program and as soon as it is time you can bet you will be paying a lot of money in interest.

Always read the small print of your contract before signing it. Under the Universal Default Clause the credit card companies can pretty much do what the want, when they want. It would be a good idea to read about Universal Default so you have a better understanding of what you can expect from your credit card company. Make sure you ask a lot of questions before you do anything.

If things start to get rough after they raise your interest "stop spending". Don't buy things that you can't afford right now. The more money you put on the card the harder it will be to catch up. If you are at a point and don't think you can catch up do not wait until it's too late before you do something. Check out all your options like debt settlement vs credit counseling. Also talk with several companies so you have an idea on what each company has to offer.

The US Consumer Advocate has a lot of information on their website for you to look at. Just like the credit card companies you need to be very careful when looking for any company to help you out. Check out the BBB for background information on the company. Hopefully you never have to deal with a situation where you have to use a company for help but if you do, I would be glad to answer any questions you have and if I can't help you at least I can point you in the right direction. Thanks and have a good day.