Quick Credit Cards

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

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There’s a hot new offer out on the Starwood Preferred Guest American Express card, but it’s only good for the next week:

For a limited time only, get 30,000 Starpoints® after making just $1,000 in eligible purchases during the first 3 months of Cardmembership. This is our richest offer yet for the Card. The offer will only be available June 30 – July 6, 2010.

This offer is available on both the personal and business versions of the card. Previous Starwood Amex cardholders are not eligible.

Link (via FT)

It looks like consumers are able to take advantage of some new credit card offers, especially if they plan on traveling by air soon. According to a new report from The Detroit News, airline credit cards are offering great new perks to lure in customers. Some of the perks includewaiving the fee fliers now have to pay to bring bags along on their trips.

Many airlines have started charging for bags so credit card issuers like Chase and American Express, which offer Continental airlines perks and Delta Skymiles, respectively,are cutting this cost for cardholders. The hope is thatcustomers will nab the cards in order to save on their flights.

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Americans may seen lower prices and savings at retail chains when new interchange fees go into effect

As the hot debate surrounding interchange fees begins to wind down in Congress, it looks as though retailers are poised to win a victory. As the House and Senate reached a compromise on a bill that will essentially lower interchange, or “swipe fees,” for credit and debit card transactions, consumers may be wondering how the new legislation will affect their wallets.

Once the bill is signed into law, merchants will feel some financial relief as the interchange fees – costs that the retailers must pay credit card issuers and banks for each credit or debit transaction – will decline. Full Post…