1. Is a Balance Transfer Credit Card right for you?

    Published on January 27, 2017

    It’s January and the holiday season has come to a close, except for those credit card bills that are starting to roll in from the shopping, parties and traveling expenses. Many Americans expect to rack up debt during the holiday season and assume it will take months to pay it off. The amount of debt accumulated during the holiday season can lead to greater financial stress, as well as a greater likelihood of incurring additional debt.

    If you’re finding yourself in this situation, rest assured there may be money-saving options for you. Balance Transfer Credit Cards are not for everyone but they can be a money saver when used in the right situation. These credit cards are best used to transfer your current credit card balance with a higher interest rate to and then pay it off within a few months or within the intro period.

    Credit cards like the Barclaycard CashForward™ World MasterCard® currently offer a 0% introductory APR for 15 months on balance transfers made within 45 days of account opening. So if you transfer your current credit card balances onto the Barclaycard CashForward™ World MasterCard®, you’d have 15 months to pay off your balance before paying any interest on your transferred amount, which could save you a lot of money in interest. Along with the balance transfer benefits, the Barclaycard CashForward™ World MasterCard® also offers additional perks, including the ability to earn unlimited 1.5% cash rewards on every purchase. Plus, every time you redeem rewards, you get a 5% cash rewards redemption bonus to use toward your next redemption or you can redeem your cash rewards for a deposit into your bank account, a statement credit or gift cards. Redemptions start at just $50.

    To check out more of these great benefits for the Barclaycard CashForward™ World MasterCard® go to CreditSoup.com!

  2. Shop Small Business Saturday

    Published on November 23, 2016

    Shop smart and shop small, as in small business, this Saturday, November 26th. Small Business Saturday takes place the Saturday between Black Friday and Cyber Monday and offers great benefits to not only the business owners but also the shoppers.

    By shopping locally, you can support your locally owned businesses as well as stock up on those gifts that may be one of a kind or handmade. You may find that many of those mom-and-pop shops will also offer personalized customer service that you may not receive at the big box stores. Customer service means a lot to a person, especially when you’re greeted by name when entering the business.

    Every purchase made in a small shop counts, and you could be making a difference for that business. When entering the store and making those purchases, you know exactly where your money will be going. It’s going to pay for things like the wages of those employed, the utilities, additional merchandise, and also any sales tax stays local supporting your local schools, police departments, and more.

    If you’re looking for extra benefits, use your rewards card while making your purchases. You could be earning rewards for yourself while purchasing gifts for others and helping your local small businesses. Whether it’s a restaurant, clothing store, tire shop or gas station, just remember to shop small for Small Business Saturday on November 26th and make a difference for those businesses.

  3. USAA offers great options for Veterans

    Published on November 10, 2016

    The USAA family of companies provides insurance, banking, investments, retirement products and advice to 11.7 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio.

    When it comes to credit cards, USAA’s main focus is helping members make informed choices by providing them with a simple and transparent experience and integrated advice. Every USAA credit card comes with the ability to view and redeem points and cash back at any time on usaa.com and the USAA Mobile App. Points can be redeemed for affinity donations, cash, merchandise, travel, and more. All USAA cards have no foreign transaction fees. USAA also does not charge penalty APRs for late payments or raise interest rates for cash advances. Balance Transfer fees are capped at $200. USAA provides members tools to make the good financial decisions about using credit, such as the Money Manager tool, Emergency Fund goal tool and a free monthly credit score, free annual credit report and credit alerts based on changes in score.

    USAA does more than just credit cards. USAA offers free checking. Accounts have no monthly services fees and rebates up to $15 in ATM fees each month. USAA also offers homeowners insurance that protect members from fire, theft, vandalism, and many weather-related events. USAA offers competitive auto insurance rates, but USAA also provides members with special discounts such as safe driver and good student. Other advantages include roadside assistance and 24/7 claim service.

    USAA goes beyond regulatory requirements to help service members while they are on active duty. While the mandatory Service members Credit Relief Act (SCRA) rate is 6%, the SCRA rate for USAA members is only 4%. In addition, USAA waives all fees including balance transfer fees and late fees during active duty, including new debt incurred while deployed. USAA goes above the mandates of the act by extending benefits to one year after deployment ends. Members who have a Permanent Change of Station also receive a 4% APR on their credit card for 12 months. Any active military member that had any interest or finance charges accrue while participating in a military campaign is also offered a refund on the extra charges. Click here to learn more about all that USAA has to offer!

    Click here to learn more about what USAA has to offer!

  4. Earn Rewards Towards Your Next Vehicle Purchase

    Published on November 2, 2016

    Looking to purchase or lease a new vehicle at some point within the next 3 years? Then the BuyPower Card® from Capital One® might be for you. When using the BuyPower Card®, you get 5% earnings on your first $5,000 in purchases and an unlimited 2% earnings on every purchase after that. Not only do these earnings never expire, but they can be redeemed towards the purchase or lease of a new Chevrolet, Buick, GMC, or Cadillac. Earnings can even be combined with most current GM offers and incentives at your local dealerships for an even greater value.

    The BuyPower Card from Capital One® also offers a 0% Intro APR for the first 12 months as well as no annual fees. Along with the BuyPower Card®, a full suite of World Elite benefits from MasterCard® can also be enjoyed. Some of these benefits include no foreign transactions fees, 24/7 roadside assistance, $0 Fraud Liability if your card is lost or stolen, and luxury travel benefits.

    Check out the BuyPower Card from Capital One® today here at CreditSoup.com!

  5. 4 Ways to Avoid a Christmas Spendover

    Published on October 21, 2016

    There are two different types of people when it comes to the holidays… those who think “It’s only October, I have plenty of time to do my Christmas shopping” or those who feel “There’s only 9 weeks til Christmas, I better get planning and finish shopping!” Many reasons exist that people procrastinate their holiday shopping, but a result of procrastinating can lead to spending a large amount of money at once, which doesn’t work for most people. According to the American Research Group, in 2015, people on average planned on spending $882 on gifts for the holiday season - and that amount doesn’t even include travel expenses, food or holiday outfits! If you’re starting to worry about how you are going to afford those gifts, take a look at these 4 points to help you get through your holiday spending.

    1. Set a budget and keep a running total- Many people may set a budget for Christmas shopping, but end up not following through with it. If you find yourself to be one of those people, this is the key point that you really need to hold yourself to. Not only should you set a budget but you should also keep a running total of what you are spending while you are purchasing gifts. If it helps, when making a budget, divide your budget by person so you know how much you should spend on each individual.

    2. Make a List- Along with setting a budget, the best advice is to make a list. Without a list you may find yourself buying too many presents and overspending which defeats the purpose of making a budget. If you are shopping for a family member, find out what they want and add that to the list. After you have your list complete, start by searching stores or online for the items.

    3. Shop Around- Don’t feel like you have to buy the doll that your niece wants at the first store you find it at. Look at sale flyers, as well as online, to find the best price. Keep in mind potential shipping costs if you’re looking online, which will add to the price of the item. It may be a couple dollars cheaper online but if you have to pay $7 shipping it won’t be saving you in the end, so also watch for shipping discounts or coupons.

    4. Rewards Cards- If you’re going to be spending a large amount of money, you might as well be earning cash, points or miles back! When looking for a rewards card, look for a card that will offer rewards that are beneficial to you. For example, if you are going to be looking for a new truck or SUV in the future, you should be checking out the Capital One® BuyPower Card. With the Capital One® BuyPower Card, you can get 5% earnings on your first $5,000 in purchases every year, then an unlimited 2% earnings on every purchase after that. With those earnings, you can redeem them toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle. There is no annual fee and your earnings don’t expire. This is great even if you won’t be looking for a new vehicle for a couple years!

    If travel rewards are more beneficial to you, check out the Barclaycard Arrival Plus ™ World Elite MasterCard® which offers 2x miles on all purchases. This card currently has a great intro bonus as well with the ability to earn 50,000 bonus miles after you spend $3,000 on purchases within the first 90 days! That’s enough to redeem for a $500 travel statement credit! So if you travel frequently or are saving up for a family vacation next Christmas, you should check out this rewards card.


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