In addition to the great benefits all backed by the Unicvv Visa cards, the MTV Visa credit card is still the coolest. Although this particular credit card is often chosen by the younger generation, it is available for anyone young at heart. As you are about to discover, the point reward system of this card is the primary reason it is so popular. Although interest rates are higher than some other similar cards, when you discover how beneficial the rewards system is, choosing to apply for this Visa credit card makes perfect sense.
For starters, the standard Annual Percentage Rate is variable and set at 24.9%, which is good for normal purchases along with balance transfers. However, for balance transfers, the fee is waived. In addition, Visa does not charge an annual fee for carrying this card, which helps to offset the higher interest rate. Now, some of the benefits that you would enjoy include the $0 fraud liability protection. This means if the card were lost or stolen and someone were to make unauthorized purchases you would not be financially responsible.
In addition, the MTV Visa credit card comes with travel accident insurance. In this case, if you were traveling on business or pleasure and became ill or injured thereby requiring medical attention, the insurance protection would kick in so you are not left spending thousands of dollars for proper care. The card also features rental car insurance so when traveling, you could rent a vehicle, waiving the insurance offered from the rental company, but knowing you are completely protected in case of an accident. Then, the 24-hour travel and emergency assistance is a huge bonus. If for any reason you needed assistance from a company professional, help would be just a phone call away anytime day or night.
As mentioned, the rewards program associated with the MTV Visa credit card is amazing. With this, you have the opportunity to accumulate points that could then be redeemed for shows, events, and merchandise specific to MTV. However, with the accumulated points, you could also purchase gift cards from major retailers, use 15,000 points to fly free, trade points in for cash or discounts on merchandise, or even donate the points to a charity of your choice. Obviously, having so many choices with a credit card rewards program is rare.
With the MTV Visa credit card, you would earn five points for every $1 spent using the card for entertainment. Along with this, you would be provided with two points for each dollar spent dining out, and one point per $1 for all other credit card purchases. Finally, during each billing cycle, you would earn yet another 25 points. All the points earned never expire so you can use them at your leisure.
Credit card companies do face a lot of competition these days – with each bank knowing that they make a lot of money from interest charges, annual fees, late payments, and the like. Because of the stiff competition, however, some of the card features that are now available on reward credit cards can really bring great benefit to you else you can just visit any CvvShop and get details you want for your credit card. You do not have to let the bank line their pockets with your hard-earned cash every month. Here are some of the options that will provide some of the greatest benefits.
The best reward credit cards will start by offering you 0% interest on both your balance transfers and your purchases. If you look at the interest that you pay on your current credit cards, you could save that amount each month by transferring your balance to this kind of card. Before you just sign up, however, try to avoid transfer fees that might apply, some as high as 5% or higher on the transferred amount.
Another factor to consider is how long the 0% APR lasts on the particular reward credit cards in question. The 0% APR is only for a specified time, anywhere from 3 months up to 15 months. Also, you will want to check and make sure that the 0% APR is for both balance transfers and for your purchases. Many cards will give you one or the other, but there are some that will offer both.
The Rewards Being Offered
The very best reward credit card offers now offer more and more rewards – which means it is a good time to get one. Here are some of the rewards you can get.
Travelers can greatly benefit by getting air miles credited to their cards. Most reward credit cards give an initial amount of air miles – possibly up to 25,000. Then air miles are earned according to each dollar spent. Some give points per dollar spent, and others give miles per dollar spent – or a similar arrangement. One company even allows family members to pool their air miles together! The best kind of rebate credit card will allow you to use your air miles with any airline. These kinds of cards are issued by banks, rather than the ones offered by the airlines. Watch out for air miles that could expire after a certain amount of time – you don’t want to lose them.
Other credit card rebates allow you to earn points for every dollar that you spend. These are often divided into two groups. The one that earns the highest benefits, anywhere from 1% up to 6%, are for your purchases of groceries, gas, and medicine. Most other purchases will fall into a lower category – usually from 1-3%. These points are often redeemable through cash, merchandise, and travel benefits such as hotels and restaurants, or gift certificates.
Some business reward credit cards enable you to get rewards for many of your business purchases, including office supplies, travel expenses, car rentals, and more. Some of these will give an initial 10,000 points after your first purchase. If you have your own business or use credit cards often for your business, a rebate card could bring you a great way to save on expenses, as well as offer a simple way to keep track of all of your expenses all on one monthly statement.
Reward credit cards can really be a great tool to save some money throughout the year. Avoid cards with an annual fee, which could be as high as $180.00 and beyond. A single late payment, on most cards, could also take away your benefits and set you into the regular rate of interest or higher. The maximum benefit that can be derived from any reward credit, however, occurs when the balance is paid off IN FULL each month when the bill is due. Otherwise, finance charges will squash any benefit that you might receive from those reward points.
Things are starting to get out of hand. You’ve been making only the minimum monthly payments on your credit cards for a while now, and you’ve continued to use your cards to make more purchases anyway. You need some kind of credit card debt relief because even if you were to stop using your cards now, the total balance on them is more than you even want to know. You realize it’s time to get serious before things get worse. So what can you do to take charge of this debt predicament and bring all this craziness to an end?
If this situation describes where you are right now, then following this easy 5-step guide should allow you to take the upper hand. I’ve used it myself, so I can tell you with confidence that it works if you’re serious about your debt and are willing to do what it takes to be successful in eliminating it.
Step 1 – Stop making any new charges on your cards now
The only way you’re going to stand a good chance of getting out of the hole you’re in is to put the cards away and stop using them. The debt you’ve amassed is already enough to make you cringe, so don’t sabotage your efforts to become debt-free by repeating the patterns that got you in trouble in the first place. Learn to live on the cash you have and if you can’t afford it, don’t buy it.
Step 2 – Collect your credit card information and then contact your creditors
Get all your most recent statements together and start compiling important information about each account on a separate sheet. For each card note the name, account number, balance, interest rate, minimum monthly payment and due date. Then use the customer service number to contact each of your creditors. Tell the representative that you’re struggling just to make your minimum payment, and that you’re trying to do the right thing and pay off your debt. Politely ask if they would be willing to consider reducing your interest rate so that you’ll be able to repay them. If some of your creditors say no, try contacting them in a couple of months and asking for help again. There are a lot of people that are unable to find the best thing in their process due to the shortage of time. If you are also one of those people then it is very required to get the best thing very easily and comfortably. emergency loans after unemployment run out is very important.
Step 3 – Organize your accounts and pay off the highest interest rate balances first
Now that you know what interest rates you’ll be working with, organize your accounts so that you’ll be paying off the balances on your highest interest rate credit cards first, and pay as much as you can reasonably afford to without getting yourself in trouble. Of course, be sure you continue to make the minimum monthly payments on your other accounts until they’re the one that you’re paying off. Keep your list of accounts up-to-date, reorganizing them according to any subsequent rate reductions you’re able to arrange so that you’re always paying off the highest rate card each month.
Step 4 – Reduce your expenses and try to increase your income
Make a list of all your expenses and see which ones you can reasonably reduce or eliminate. For the next month, carry around a pocket-sized notepad and keep a running list of all your expenditures. Review the results and make sure you have a firm grasp on where your money is going. Reassess your expenses with this new information and see if you can make any additional cuts. At the same time, see if you can find some new and creative ways you can increase your income. Use the additional funds you’ve saved up to make a higher payment on your highest interest rate card. Reassess your expenses periodically to be sure you’re eliminating your debt as quickly as possible.
Step 5 – Stay disciplined and apply any additional funds to your debt
Do your best to stick to your plan, and consider any additional funds you acquire along the way as opportunities to accelerate your debt-free timetable. As time passes and you begin reducing or eliminating your account balances one by one, sometimes you may have moments of weakness in which you become frustrated and think about quitting your plan. Before you go and do something foolish, review your progress and see just how far you’ve already come since you began your plan, and remind yourself how helpless you felt at the beginning. Resolve never to return to that situation again. Stay the course and achieve total freedom from your debt. You’ll feel great when you’ve done it!
Some further thoughts about your debt
If you find yourself unable to be disciplined enough to follow the steps in this guide, or if you’re simply too far over your head in debt, then speaking with an experienced debt counselor to discuss your other debt relief solutions can be helpful. Among these other options may be credit debt counseling, credit card debt settlement, or possibly even bankruptcy if all else fails. In any case, educating yourself about these other options before speaking with a debt counselor will allow you to make an informed decision about what you ultimately choose to do.