Bankamericard travel rewards credit card Review

Bankamericard travel rewards credit card

 

Bankamericard travel rewards credit card, actually their rewards are quite tempting! first no annual fee, 0% Intro APR for 12 month Billing cycles, balance transfer fee 3%, unlimited points, and their normal APR about 15% to 23% depend on how much your credit worthiness! if we talk about credit cards that related with Big Banks! most of them will give you better offers, rather than credit cards retails or stores, or even gas stations!

The reason why most of them have high APR simply because, their main focus are not in credit cards product! their credit cards are private labels! and most of them doing JV or have partner with another top credit cards company issuer! and not directly from their company! but, their market target usually their loyal costumers, that love their brands so much! so I am not surprised most of them will charge same APR such as 24% above! either its for purchases or cash advances!

but for most credit cards that related directly with Big Bank! such asΒ Bankamericard travel rewards credit card! most of the time, you’ll get better APR! actually the reason are quite simple! i.e they have different APR for purchases and cash advances! meanwhile for credit cards store, they will apply top APR same as purchases APR! so, yeah, it’s something like tricky business! πŸ˜€Β  I am not saying they trick you! its just something like changing the lowest price into highest price if you buy their packets! quite impressive huh πŸ˜‰

But The benefit using credit cards stores, jewelry or even gas stations, most likely you’ll get more discount, cash back, points, and many more! i.e more rewards! but on the other hand, they will charge you more APR! and if you love their brand so much, or you have other reason and don’t really care to much about APR! then go for it and apply their cards! because most of them will approve, and usually they accept poor credit score such as 500 or something!

and if we talk about Bankamericard travel rewards credit card actually they combine between stores credit cards withΒ  top credit cards company! i.e they have rewards and good APR! yep, they give you unlimited points, discount, cash back, no annual fee, intro APR, Regular APR almost same like Citi cards, and etc! to be honest, you must apply and try to get this kind of cards! and most likely credit cards that offering a lot of rewards, usually they will accept poor credit cards such as 500! but on the other hand, if you have excellent credit scores! or you can build up your score with them! most of the time, big Bank can give you good offer, if you can negotiate with them!

 

Just tell them I often go travel, abroad!Β  but I also need good offers, with low APR! ask them to decrease your APR to 10% bellow or something, and ask them to increase your limit, so you have capacity to spend more when you do travels! most of the time banks will approve it! because Credit cards company love consumptive people πŸ™‚ and they don’t mind to lower their APR, but for long run your spending are much more higher! so it’s something like profitable deals for long run! πŸ™‚ if you know what I mean πŸ˜‰

Haband credit card Good deal or ?

Haband credit card

 

Haband credit card they have a lot of rewards such as birthday offer, 10% off if you apply with them, Discount, free shipping if you purchase in on of their network stores, Point, and etc! still their APR are quite high, i.e 27%Β  for purchases! basically their credit cards are same like other retails, credit cards! because most of their rewards are all about discount and free shipping! so it’s something like indication that there are trying to sell their networks stores! but on the other hand, they also charge high APR to make decent profits!

 

But what I see from one of their stores, actually their product price are quite reasonable, something like $19 for a fleece jacket, $20 for clothing and etc! and I alsoΒ  saw a lot of reviews about 200 review in their stores, and saying, this $20 product are quite good! πŸ˜€ to be honest 200 review for a stores are amazing! πŸ˜€ in fact, I never seen that kind of product in amazon stores! maybe the reason why Haband store have a lot of good reviews, maybe because they have a lot of wholes stores, so as result, many people can get cheap product!

 

But I also not saying their store are really good! because I also saw negative review from more than 600 people at pi55edconsumerdotcom! and many people saying that haband product are not good and late to handle a lot of complaints! to be honest, I think it’s an indication that Haband Brand names are already popular! so some people happy, but on the other hand some people make a lot of complaint since Haband haveΒ  a lot of costumer to handle, so impossible to make all costumers happy!

 

But if we talk about Credit cards, our first concern is not whether their popular are not! instead focus on APR! unfortunately Haband APR are about 27% for purchases! so its a little bit to high i guess!, although they have no annual fee, free shipping, and other rewards! still if you compare between their APR between rewards are very far a way! though, if you love to buy on Haband stores, or maybe you love their brand! don’t make my review stop you to apply their credit cards! πŸ˜€ after most retail credit cards actually almost the same, and their APR average are about 24%

BECU Credit Card Review

BECU credit card

 

Becu credit card can give low APR if you have good credit scores! their best APR are about 7%, and their highest APR are about 18%, but they also saying! they will consider if your credit score improve, and will make review to lowering your APR! since BECU are credit union! so I am not surprised if they offering low APR such as 7% !

If we talk about Credit union most of them are quite different with regular credit company! because their organization are design not to make profit to much! or non profit! but non profit doesn’t mean charity or free! because no matter what! they still need to cover business cost! such as operational cost, ATM fee to pay to bank partner, and also they have to pay salary for their staff! though, most credit union have volunteer to do the jobs, but unfortunately it can’t cover all field! so I am sure, they need some specialist worker to make assessment about loans and etc!

 

If I have to be honest, and need to choose between bank vs credit union to get loans! then I will prefer with credit unions! the reason simply because, there’s no way Bank could compete their APR! but if I have to save money or even transfer money! then bank is the best place to go! because there’s no way credit union can compete bank facility! πŸ˜€ so basically choosing both of them are most reasonable way to create healthy finance!

 

Anyhow! if you want to apply credit cards with BECU , I think you should do it! because their APR are quite low as 7%, no annual fee, no cash advances fee, no balance transfer fee and etc! but of course, you need to have good credit score to get low APR! but if you don’t have, then your APR could be high as 18% ! If I were you, I will try them because 7% APR are worth to fight for πŸ˜€

 

conn’s credit card are they Good ?

conn's credit card

 

conn’s credit card GOod deal or no ? well for sure their APR are about 29.99%, for purchases! and its pretty high! because average purchases on most credit cards company are about 15%! and based on their APR I can tell its not good deal! but of course for most retails credit cards, such as Wallmart, Best Buy, Helzberg and etc, most of them are charging high APR! so I am not to surprised with their APR!

The only question is, do you afford with 29% APR, for purchases ? if you big fans of Conns, then go for it and apply! but if you think 29% are a little bit to much, I think you must find better deals! but I have to tell, you even most retail credit cards charging high APR, they also give good rewards, such as discount, Points, Cash back and etc! but of course if we calculate between the rewards with APR, to be honest with you guys, its not worth it! πŸ˜€

Because Imagine like this! you spend $10.000, their APR are about 29% in just 4 years, your total debt are about more than 100%, so if you don’t spend money carefully with them, it can ruin your financial stability! but of course if you use their cards, for doing business and get profit, I can’t say anything about it πŸ˜€ though for me, 29% are a little bit to high!

 

Here another good news, for company that charge High APR πŸ˜‰ most of them sometime, lowering their credit score! because for some reason they already know, people that have high credit scores, such as 800 or more, they will find another offers! so that’s why they will not have strict rules about their standards credit scores!Β  I can bet from 100 people that have good score, only 99 people that will apply high APR credit cards! though for some people that have bad credit, most of the times, they will try to apply with this kind of credit cards company! πŸ™‚

But to be honest I am not so sure about their standards scores, are they will consider poor credit or maybe not! but from my perspective if they stick with the rules, and only accept people that have high credit scores! for sure, they will not last long in business! so basically credit cards industry are a little bit tricky! πŸ˜‰ but I do understand from their Point of view, they want costumers that have good scores, pay on time and etc! but problems is, for people that have high scores! for sure, they will not apply high APR that more than 15% because I am sure, if you have good scores, you will get best offer from every company, that can give much better offer with lower APR! such as, 14%, or maybe 8% with credit unions!

 

anywho, thanks for reading my review πŸ˜€

Credit Union Vs Bank Which one Better ?

Credit Unions Vs Banks

 

If I have to choose between Big Banks Vs Traditional Credit Unions for sure I will choose both of them! why ? well, first Credit Unions no matter what, they can’t compete with banks! Maybe they can compete with Big Bang(boy Bands) πŸ˜‰ but not Big Banks! lol :D(joke)!

if you asking why ? the reason simply because of Money! most big bank charge high fee and interest rates simply because it will go to advertisement! if Credit union spending big bucks to promote their network! probably it can solve the mystery why everyone choose APR 25% rather than 5% πŸ˜‰ lol!

If we talk about Credit Union most of us will think them as traditional company that have a lot of limitation and strict rules! for sure yes! because Credit Unions are not design to make big profit! it mean a lot of consideration to give you loans! because when you failed to pay your debt, they loosing decent money! because from the first beginning they not charge you with high interest rates! as result their profit are not that much! but for people that desperately need money for doing business with low interest rates Credit unions are the most reasonable institution to solve your problems!

But for some people that need Large or even wider network and easily to get money from ATM or anything like that! bank are the most reasonable that I can think of! why ? well, for sure Banks have a lot Of ATM networks! they already investing in ATM machine from the first beginning! and Credit unions for sure, they can’t do that! πŸ˜€ again, its all about money! but it doesn’t mean they can’t join Bank networks! and most bank will gladly accept them as long they pay the fee!

The other reason you must know, about Banks and Credit Unions! actually these 2 are same I.e financial institution! but what make both of them so different simply because, they have different product and goals! for example! banks, can make profit almost everyday! because for sure everyone use bank products almost every second! e.g money transfer, pay bills, ATM, etc and etc! meanwhile for Credit unions, they focus on Loans/credits! e.g Student Loans, Auto Loans, Mortgage Loans, Credit Cards and etc!

 

To be honest with you Interest rates basically can make a big problems! because relying on interest rate as source of income are not the best solution! here’s simple sample for us to realize why interest rates are not the best!

 

For example, I have $1 Millions USD, I have 10 friends that want to borrow some money! each of them want borrow money about $100k USD! so imagine if I give all my money to them ? what you think will happen ? πŸ˜€Β  For sure my money will gone! in just matter of days! πŸ˜€ lol! why ? well, for most people that borrow money most of the time they are lazy to payback! and that’s a fact! πŸ˜€ and other reason why most people that have debt can’t pay back! is because most of them that borrow money from me, they will use for doing business! based on research most people that doing business, the chances are they will failed! only 10% get back their money from business(breakeven)! and only 1% that really successful with business! πŸ˜‰ in a nutshell giving a loan to a people are BAD IDEA! πŸ˜‰

Here’s another real example to realize giving a loan are bad idea! Student loans πŸ˜‰ yep! people need money to go college! but how many people that after graduate will get decent jobs to payback his debt ? yep! from millions college student that has degree! only a few percent that get a jobs! at least not all company will hired new graduates! πŸ˜‰ do you think company will hired new people ? heck no! maybe sometime! but not all company want fresh graduates! especially for strategic position that have decent salary! so no matter what student loans can be a real problems!Β  the only solution that I can think of to fix that problems actually by set regulation! or lowering the Interest rates! so student have times to pay his debt! but if interest rates to high, probably most them will think to default! because their feeling said, it’s no way to payback my money! and just like I said before! people that have debt, are tend to not payback! πŸ˜‰Β  in a nutshell interest rates as income! are bad Idea!

But just like I said! lowering interest rate can make huge impact for millions people that have high debt! i.e hope to free from debt! Credit unions can offer that low interest rates! so, credit unions basically are good product or institution to fix loans problems! and I really hope some day, Financial Institution such as Federal Credit Union can have place in society! and all people can use them to get loans with small interest rates! because with that way, it can create economic balance! and just like their business motto! they are not there to squeeze every cents from you!Β  so it would be wise if you use them to make loans!

 

So the conclusion, and if I have to give real answer about which one! Credit Union or banks, then my answer are both of them! for bank activity such as transfer money, pay bills and etc, Bank are good place to start! meanwhile for credit or loans, for sure credit unions can offer best rates, that you can’t get from banks!