
How to save on weddings using credit cards
A smart credit card strategy can buy you more time to pay off your wedding costs without interest, nab enough travel points for a free honeymoon or put cash right back into your wallet.
Co-branded cards are credit cards issued by a retailer and bank. Bankrate explains.
A co-branded card is a credit card that’s issued by a retailer and bears the name of both the retailer and the credit card company. Co-branded cards are often co-sponsored by a major merchant such as a chain store and frequently offer benefits related to the retailer.
Co-branded credit cards are marketed to the retailer’s customers, but cardholders can use these cards anywhere a credit card is accepted, including other retailers. Some co-branded cards offer perks to the cardholders, including earning points they can use for additional purchases at the store, discounts on merchandise, or, in the case of an airline, earning frequent-flyer miles they can redeem when traveling.
Retailers also earn several incentives from the financial institution for offering the card, such as receiving cash for each new cardholder, or receiving a portion of any fees or interest the cardholder pays to the credit card company. The retailer also shares demographic information about cardholders with the credit card company, which can be used to customize its marketing for the audience it wants to reach.
The retail partners don’t participate in determining who gets a card and how much credit they get, even though they market the card. Just like with a traditional credit card, the creditor makes all of these decisions, and bears responsibility for the risk of how customers use the card, and if they default.
Co-branded cards are not to be confused with private-label cards, which are credit cards customers can use only at a single retailer.
Looking for a credit card to use for travel? Check out these top travel credit cards and find the one that’s right for you.
Many brands issue co-branded credit cards through financial institutions. Airlines like Delta and American Airlines are among the most common, with the former issuing through American Express and the latter through Citibank and MasterCard. In addition to awarding a frequent-flyer mile per every dollar spent, such airlines offer not only sizable bonuses — tens of thousands of frequent-flyer miles — but also perks when flying like priority boarding, extra miles when shopping through the airline, and credits toward the Transportation Security Administration’s precheck program.
A smart credit card strategy can buy you more time to pay off your wedding costs without interest, nab enough travel points for a free honeymoon or put cash right back into your wallet.
Cell phone bills are not automatically included in your credit report. However, there are ways your payment history may impact your score.
It’s critical to keep your credit utilization ratio low, but how low is often a mystery to consumers.
Some major issuers let you donate rewards, but the process and restrictions vary.
You may not have heard of the Shop Your Way Mastercard, but it’s a cash back card that’s worth considering.
If you’re looking to increase the value of your Chase Ultimate Rewards points, transferring your points to a Chase airline or hotel partner is a lucrative solution.
Closing a credit card may not be a smart move. Here’s what to consider before canceling that unused card.
Figuring out how much credit you are using is key to keeping your credit score high, but how much do you really need?
When you receive money from a legal settlement or judgment, you will want to make a plan to spend it wisely. Paying off expensive debt and improving your credit is a smart start. Once done, you’re free [...]