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We have listed the best reward credit cards available from approved providers. Here you can browse the details of the chosen card and decide wether you are interested in applying for the credit card. A credit card is a form of borrowing that often involves charges. Credit terms and conditions affect your overall cost. So it's wise to compare terms and fees before you agree to open a credit or charge card account. |
| Citi Simplicity: No Late Fee & Great Rewards, But Still A Credit Card After All There has been great interest in the Citi Simplicity Rewards Card with no late fees. People can't believe it. No late fees? That's right. No late fees. Russ Nauta, CEO of online credit information portal Credit Card Outlet, explains how late fees are avoided with this new card. "The whole process is pretty simple. All you have to do to avoid late fees is use your card once during each billing cycle. This card is completely innovative as you don't get penalized for potential problems you could face that are out of your control. For example, postal delays during storms and processing delays." In addition to no late fees, the Citi Simplicity Rewards Card offers a rewards program and membership into the ThankYou Network. This is how the rewards program works. Consumers earn 5 ThankYou points for every dollar spent at gas stations and drugstores for 12 months. After the first year, they receive one point for every dollar spent. They also receive 1 point for every dollar spent everywhere else. Consumers also receive 10,000 bonus points after they make their first purchase within three months of receiving their new card. These points are redeemable for a $100 gift card to one of their favorite stores or restaurants. Despite the many appealing, consumer friendly elements of these Citibank credit cards, one important element not to overlook is the potential default rate. Missing a payment or two by a couple of days will probably leave your account in good standing. However, if you do not pay your bill for 30 or more days, you may end up getting charged with a 25% or higher interest rate. So much for the simplicity life? Well, not exactly. If you pay your Citi Simplicity card as you would any other credit card, you get all the convenience and value the Simplicity card offers: a 0% interest rate, and, of course, no late fees. However, you cannot treat you monthly bill lightly. Yes, you can pay late. But pushing the envelope could stick you with a very high interest rate. Copyright 2006 Jeff Weber. Free online reprints of this article are allowed provided the resource box remains intact with a live link back tohttp://www.credit-card-depot.com.Citi Simplicity credit card applications can be found at http://www.Credit-Card-Depot.com. Article Source: http://EzineArticles.com/?expert=Jeff_Weber « Back to Reward Credit Cards Reward credit cards, or loyalty cards, operate in a similar way to charity cards except that the main recipient of any benefits is the credit cardholder. Incentives may include cash bonuses, points, discounts and Air Miles. With this type of credit card it is important that you think logically about the rewards being offered, and work out exactly how much you will need to spend on your credit card in order to reap the benefits. |