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Positive Changes To 2013 Reward Programs

Written by Dave Perry on June 26, 2013.

Every year, reward programs change to some extent. While a majority of these changes are negative, there are always some bright spots. Here are a few:

American merging with US Airways

American has one of the oldest, and best frequent flier programs. Travelers enjoy some of the greatest award availability at low mileage levels, and Americans award search engine is top notch. In contrast, US Airways has one of the worst programs with terrible award availability and a web site that seems stuck in the 1990s.

When the two carriers merge, it is expected that American will retain its web site and membership in the OneWorld Alliance. Since the mileage from both programs will be combined, and few people will miss US Airways, and this is a positive development.

Delta and Starwood partnering

Earlier this year, Delta and Starwood introduced their crossover rewards program.

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Teaching the next generation to save their money can have a long lasting impact. Not only would it help todays youth not rely on credit to meet their financial goals, but it will also help to create a discipline around saving. At Georgia Power Credit Union, it is currently offering a Young Savers Accumulative Education Account with competitive savings rates of 1.15% APY.  A rate this good is just what todays children need to jump-start their financial goals and incentivize a saving habit.

Georgia Power Credit Union Youth Savers Terms and Conditions

The Georgia Power Credit Union Youth Savers account is open to anyone who is under 25 years of age.  The savings rate on this account is 1.15% APY, with a minimum balance requirement on the account is $100. Inte

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Customers no more revolving their credit card dues

Written by Blake Teen on June 25, 2013.

As the banks are improving customers’ credit card sourcing and an increased awareness among customers to have good credit record, Indian credit card consumers are no longer revolving their credit dues, with most of the customers repaying credit dues fully, bankers say.

This was a healthy trend, Mr. Jairam Sridharan, President and Head (consumer lending and payments) of Axis Bank, said at the launch of the bank’s new co-branded credit cards.

“The revolvement rate has come down over the years – from around 50 per cent in 2005 to 15 per cent now. The credit card base has eroded sharply and a lot of customers who revolved payments have left the industry. Now, cardholders are also more aware of the importance of a good credit history and many of them prefer to pay their dues before expiry of the interest-free credit period,” Mr. Sridharan said.

According to Mr.

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Online shoppers have credit cards at the ready

Written by Oliver Laker on June 24, 2013.

Aussie shoppers will take advantage of huge price reductions in the US on “Cyber Monday”.

Retailers in the North American country usually offer massive discounts following Thanksgiving in order to kick-start a pre-Christmas spending spree.

With more and more Aussies using their credit cards to purchase goods online, it will be no surprise to see plenty of people snapping up bargain items at the start of next week, news.com.au reports.

Many retailers in Australia have bemoaned the cheap products that can be bought from overseas and there have been calls to force shoppers to pay tax on imported products in order to level the playing field.

Thousands of Aussies have already snapped up low-price Christmas presents during the “Click Frenzy” sale held this week and with living costs being so high down under, who can blame them?

Mozo has discovered that goods purchased from international websites can still work out to be 46 per cent cheaper than the same product bought in Australia, even when taking shipping costs into account.

Why You Should Pay Off That Debt Collection

Written by Dave Perry on June 22, 2013.

By the time an account has gone to a collection agency, you’ve probably already decided it isn’t something you want to pay. Otherwise, it wouldn’t have been sent to a collection agent. I guess that’s why debt collectors work so hard to convince/hassle you to pay.

I understand why you don’t want to pay your collection: there are so many other things you could do with that money. But, there are some benefits to paying off a collection account. For one, you’d be getting rid of the debt – and the associated calls and letters – for good. There are a few more reasons in 5 Reasons to Pay Your Debt Collections.