— Porfirio Hillman @ 10:01 pm — 
July 8, 2010The “Ultimate Rewards” Chase proprietary rewards launched its latest national advertising campaign, showcasing possibilities and options offered through the Program. With its flagship blue blow, the campaign is meant to reinforces Chase’s commitment to providing you life-long, loyalty by giving you control over your points and the flexibility to select the rewards that match your desires. Offering opportunities to earn and redeem rewards, “Ultimate Rewards” was created to deepen relationships with cardmembers and enhance customer loyalty by providing greater value and superior redemption options to Chase “Freedom,” Chase “Sapphire,” “Ink from Chase” and Chase debit cardmembers.
Especially during the busy summer travel and vacation season, lots of credit card consumers will be faced with an often-perplexing question or choice. Should they go ahead and pay extra for auto insurance when renting a car, or decline it and hope that they are covered by their credit card membership’s insurance program?
Sometimes the cost of a daily rental car insurance premium is a huge additional expense that can escalate the cost of auto rentals into the stratosphere. But without it, if there is an accident, the renter could wind up owing a car rental company the price of a brand new car. So
If you have had a history of making late payments on your credit cards, you may be relieved to learn that the Federal Reserve placed a cap on penalty fees recently. Now, credit card issuers are only allowed to impose up to $25 dollars in fees.
In addition, the Fed has eliminated their ability to impose inactivity fees, or fees that result from a cardholder not using the card over a certain period of time. And issuers will not be allowed to charge more in penalty fees than the actual payment amount (i.e. $25 fee on $20 minimum payment). These changes are a part of the third stage of implementing the Credit CARD Act. (Market Watch)
Last week a Credit Card Forum reader emailed this question:
Q: What is the best credit card for airline miles?
A: Airline credit cards just aren’t what they used to be. Here’s what you need to know about most of them today:
Annual fee vs. how much you spend
The truth is that for many people, paying a high annual fee just won’t make sense. For example, if you only spend a few hundred dollars per month, then a big chunk of those rewards you earn over the course of the year will just being going to balance out the cost of the annual fee you paid. Unfor