Welcome Fox 7 AM Evansville Viewers!

Welcome AM Evansville viewers!  Here are the details on some of the best rewards credit cards:

Credit Card with the highest percentage cash-back:
Chase Freedom Visa - $150, $100 or $50 Bonus Cash Back
-Earn $150 Bonus Cash Back after you make $500 in purchases in your first 3 months
- 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly enrollment and maximum.
-Unlimited 1% Cash Back on all other purchases with no spending tiers
-Up to an additional 10% cash back when you shop online at select merchants through Chase
-Regular APR – Variable 11.99 – 22.99%
-No Annual Fee – EVER

Discover More Card - $100 Cashback Bonus
-Get $100 Cashback Bonus when you make $500 in purchases within 3 months
-0% intro APR on Balance Transfers for 12 months, then the Regular APR
-0% intro APR on Purchases for 6 months, then the Regular APR
-5% Cashback Bonus in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
-Up to 1% unlimited Cashback Bonus on all other purchases
-No Annual Fee
-Regular APR Variable 11.99% – 19.99%

College Savings Credit Card
Upromise World MasterCard credit card with Dining & Grocery Rewards
-Get a $25 College Savings Bonus after your first qualifying transaction*
-Earn 1% college savings on all purchases, all the time*
-Earn 2% Extra college savings on purchases with over 700 participating retailers through Upromise.com*
-Earn 10% Extra college savings at participating Upromise Dining restaurants and on participating grocery and drug store purchases*
-No Annual Fee* and No limit to the savings you can earn
-Introductory 0% APR only for Purchases for your first 12 billing cycles. After the Intro APR ends, a rate between 12.99% and 20.99% Variable APR will apply.
-Minimum payments are applied to lower APR balances first and additional payments are applied to higher APR balances first

For the Entertainment Lover
MTV Visa Card From Capital One
-Earn 5 points per $1 spent on entertainment like music, movies, video game rentals, and sporting events
-Earn 2 points per $1 spent at restaurants, fast food places, and coffee shops
-1 point per $1 spent on everything else
-25 bonus points each billing period you keep your account in good standing by paying on time
–Exclusive MTV rewards, such as MTV merchandise, tickets to MTV events like the VMAs, and MTV show tapings
-Also, redeem for Travel, Merchandise, Gift Cards and more
- No limit on the points you can earn and points don’t expire
-0% intro APR–pay no interest on purchases until February 2012
-No annual fee

Airline Miles
Capital One VentureSM Rewards Credit Card
-Money magazine’s “Best Rewards Card if you aim to rack up airline miles”
-2 miles per dollar on every purchase, every day
-Redeem your miles for ANY travel expense
-10,000 bonus miles after you spend $1,000 in the first 3 months
-No limit on the miles you can earn and miles won’t expire
-Fly free on any airline, any time with no blackout dates
-No foreign transaction fees
-First year’s annual fee is on them

The thing that I found shocking is that the higher the rewards the higher the APR so your typical APR of 11% turns to 13% or higher with additional rewards. These cards are primarily for individuals that know they can pay down the balance each month so the higher APR doesn’t affect their payments.

Here is what you should review when looking for a new credit card:

-Fees
-Annual Fee
-Closure Fee
-Over-the-Limit Fee
-Late Fee
-Annual Percentage Rate
-Credit Limit
-Secured or Unsecured Credit Card
-Grace Period
-Rewards & Perks

Whatever you do always remember to read the terms and conditions of credit card offer before applying for one with a fine tooth-comb. If you don’t feel comfortable with the credit cards terms or that you will get yourself further into debt then do not sign up!

Thanks STL Mommy for the credit card information and tips!

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