Many people are opting to obtain reward credit cards. And why not? Credit Card Rewards are a great way to enjoy bonuses and perks while using credit cards at the same. Different credit card issuers offer various types of credit card rewards to give something back to their customers.

Read All About Tips on Using Credit Card Rewards Wisely >>

Citi® Diamond Preferred® Rewards Card
issued by Citibank
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Key Benefits:

• 0% APR* on balance transfers for up to 12 months


• 5 reward points for every $1 spent on purchases at supermarkets, drugstores and gas stations for 12 months; 1 point for every $1 on all other purchases*


• No annual fee and FREE rewards program


• Citi® Identity Theft Solutions


• Price Protection Program


• $0 Liability on unauthorized purchases

Terms and Condition


Beast Features: No annual fee; long term 0% introductory rate; access to reward program; reasonably low APR.
Others: Minimum APR cap for cash advances; yearly limit and expiration on reward points.

 

 

There are many credit cards out in the market. Among the credit cards that get a lot of attention nowadays is the Citi® Diamond Preferred® Rewards Card. Just like any other credit card, the Citi® Diamond Preferred® Rewards Card features a wide array of benefits that credit card holders should take advantage of.

Aside from being cost effective, the card offers you great balance transfer offering along with free rewards program and no annual fees. The 0% APR offered by the card for up to 12 months balance transfer is a good news to those who are used to transferring their balances. But take note that whenever you do the balance transfer, your credit limit for borrowings on the card decreases.

However, what makes this card truly amazing is the so-called Thank You redemption programs. Unlike any other program, the Thank You redemption program is based on the concept that for every purchase made at supermarkets, drugstores and gas stations, you will receive 5 points. And for other purchases you'll get 1 point. The points can reach up to 75, 000. There's a wide array of rewards in which your points can be spent. These include hotel accommodations, gift cards., entertainment, airline flights, dining, clothing and many more. You can also get gift cards from major retailers that offer you 10% discount.

With its amazing rewards proposition and balance transfer offering, you're sure to get the most out of your credits. You can even take advantage of the points you get and use them for buying down your APR. Indeed this card gives you a great reason to smile.

The Citi® Diamond Preferred® Rewards Card is ideal for those who would like to have credit cards with great all round reward package.

Apply For Your Citi® Diamond Preferred® Rewards Card

 

* See the online reward credit cards application for details about terms and conditions of reward programs and offers.

If you're planning on applying for a reward credit card, knowing its pros and cons will surely help you come up with a better decision. Consider the following points about the advantages and disadvantages of reward credit cards.

Read all about Reward Credit Cards: Its Pros and Cons >>

The potential of getting the maximum reward from your credit card is huge if you know how to use it correctly. Most reward credit cards today provide a variety of choices and flexibility for its card members to enjoy.

Read all about Tips To Get A Maximum Reward From Your Credit Card >>

Okay, so you've applied for a rewards credit card. Now what? How can you maximize your returns for your reward credit card?

Read all about Maximizing Your Returns From Reward Credit Cards >>

NEW YORK (AP) -- Citigroup Inc. said Thursday it plans to assume control of the seven "structured investment vehicles" the bank advises to help them repay their debts.

Citigroup (C, Fortune 500) will provide a "support facility" for its seven SIVs with investments totaling $49 billion and incorporate them onto its balance sheet. The bank previously said it had no plans to bring the SIVs onto its books.

SIVs are complex investment funds established by banks like Citigroup and sold to investors. SIVs borrow money by selling short-term debt like term notes and commercial paper, then using the borrowed money to buy bank, mortgage and credit card debt that yield higher returns.

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Credit card companies love to make new and exciting offers to invite more prospects to apply and to keep their existing clients as well. The close competition between these credit card companies drive each one to come up with the best promotions, better deals, and bigger prizes.

Read All About Reward Credit Cards - Benefit While Building Credit >>

If you often use your credit card for grocery shopping or paying your monthly bills, you should definitely get a rewards credit card. Credit card rewards provide different types of incentives to its holders through various rewards programs.

Read All About Comparing Rewards Credit Cards >>

Tough competition in the market among different credit card issuers force these companies to come up with their own strategies in attracting more customers to sign up for them credit card. The emergence of rewards credit card in a variety of categories and features can be a bit confusing for potential card holders.

Read all about Things To Avoid In A Rewards Credit Card here >>

By Gerri Willis, CNN

Your credit card interest rate could shoot past 30 percent, even if you have good credit.

Credit card issuers are tightening the reins, and it's consumers who are feeling the pain. Here's what you can do about skyrocketing interest rates.

1: Get the low down

This isn't a new trend. Credit card companies can raise your rate at any time for any reason - even if the economy is sour.

But credit card issuers are jacking interest rates up to 30 percent or higher for people with good credit, simply because their payments were late by a day.

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By Gerri Willis, CNN

Along with higher credit card interest rates, tighter credit standards and tougher penalties on late payments, your bank fees are hitting record highs. Gerri Willis is here with top tips on how to avoid getting ripped off.

1. Fees are increasing

It's not only the overdraft fees we all know about. But one of our sources says he was hit with fees just for using his debit card too often. We're not kidding. We'll get to that later.

Let's start with the bounced check fees. They're hitting new highs according to a survey by Bankrate.com. These fees climbed 3 percent since last year to a record high of over $28.

Continue Reading Full News

By Gerri Willis, CNN

Along with higher credit card interest rates, tighter credit standards and tougher penalties on late payments, your bank fees are hitting record highs. Gerri Willis is here with top tips on how to avoid getting ripped off.

1. Fees are increasing

It's not only the overdraft fees we all know about. But one of our sources says he was hit with fees just for using his debit card too often. We're not kidding. We'll get to that later.

Let's start with the bounced check fees. They're hitting new highs according to a survey by Bankrate.com. These fees climbed 3 percent since last year to a record high of over $28.

Continue Reading Full News

By JANE BIRNBAUM

The Federal Reserve's decision on Tuesday to cut interest rates by three-quarters of a percentage point should offer some comfort to consumers, with limits.

Economists and consumer advocates agree that the biggest beneficiaries will be consumers who have both good credit and secure jobs. Those borrowers will probably be able to refinance their home mortgages at lower rates and take advantage of less expensive car loans.

And some borrowers with adjustable-rate mortgages may also benefit because their monthly payments may not adjust upward as much.

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Justin Harelik

Dear Bankruptcy Adviser,
My daughter and son-in-law went bankrupt and then my son-in-law was late paying some credit cards. I don't think he is too responsible and I would like to help my daughter get her credit back.

What I want to do for my daughter is to co-sign for a Visa credit card in her name and let her make the payments. I would limit it to a small amount, maybe $2,000, and I would want control as far as canceling the card if she fails to make payments and credit limits go. I would have the credit card company call me if she is behind so it would not damage my credit. Can I set up a card like this? And if she pays the credit card for say two years on time, do you think that would help her credit? I have a high credit score.
-- Jim

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Donna Howell

They know opponents' old moves. But now they must defeat the unseen.

It's a tall order that confronts software security makers: With most attacks now by pros seeking profit, better threats sneak in through new ways. To keep up, security vendors must raise the protection bar. This arms race is driving use of behavioral defenses, spurring novel approaches and changing testing.

The world has seen just the cusp of for-profit malicious code, says Oliver Friedrichs, a director in anti-virus software maker Symantec's (NasdaqGS:SYMC - News) security response unit. The trend toward it suggests a future fraught with rising personal data risks.

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