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Gatorade puts Card on top of Illinois list


Carlinville High School senior-to-be Kelsey Card is 6-for-6 when it comes to state titles in the shot put and discus. She one-upped the ante this season by setting state records in both events. Her accomplishments were rewarded Thursday when she was named the Gatorade Illinois Girls Track and Field Athlete of the Year.
What can my dad do to get out of his high interest rate credit card and pay it off at a lower rate?

He has good credit, definitely not bad credit. However he told me when he inquired about transferring his balance to a different credit card (and company or bank) they said something about to many credit checks on him and I think the balance was to high. This card now that he wants to get out of they raised his rate to like 24-25%. I think they did it last year sometime. Do you have any advice or knowledge of what he can do to lower is rate. Thank you

If he pays it in full each month he won't pay a penny interest.
47% of Americans pay their credit card bill in full each month.

If he wants to stay in debt, he can go to bankrate.com
and click on "low interest balance transfer cards"
It will give you a list of the best cards out there for this.
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01. Michael Card - El Shaddai

Affinity Credit Cards

For about twenty years, banks and financial institutions have figured out that appealing to people's hearts is the way to get them to open their wallets. Affinity credit cards have a charity logo as well as the issuer's logo; each time the card is used to make a payment, balance transfer or withdraw cash from an ATM, the bank donates a percentage of the amount of the transaction to the charity.

Will You Need Donations After Using a Charity Credit Card?

The concept of the affinity credit card (otherwise known as charity credit cards) is great: every time you make a purchase you had to make anyway, you can use you credit card and donate to charity. Finally, you can feel good about using your plastic to make your purchases! But is it worth it?

Most of the charity credit cards offer miniscule donations in comparison to the amount of interest the cardholders are required to pay, and most of the time- they charge fairly high annual fees. If using the charity card to donate $6 a year to the homeless leaves you needing donations yourself, it may not be such a good idea to use the charity credit card no matter how warm and fuzzy it makes you feel inside!

The average donation given from affinity cards to charity is about .05 percent. So for every dollar, a half a penny is donated. What does that come out to be? A $100 purchase made with an affinity card translates into 50 cents donation to the charity affiliated with the credit card. If you spend $100 a month on your credit card, you're looking at about $6 a year in donations. If you're paying 21 percent interest each month on your payments, and a hefty annual fee to the card issuer, it's hard to get excited about your contribution to charity!

Additionally, charity credit cards don't usually provide the same perks that traditional credit cards offer. You'd be hard pressed to find a charity card that offers cash back, travel accident insurance, or extended warranty coverage- all extra items that are becoming more common on traditional credit cards.

High Spenders and No Balances

If you are one of the few, however, that spend a lot of money on a regular basis using credit cards, and pay off the balance in full on a monthly basis to avoid most of the interest and fees, an affinity card may be a reasonable option for you to make regular donations to charity.

Another thing to keep in mind when considering affinity cards for donation purposes, is that donations and contributions made through the use of a credit card are not tax-deductible since the donation is actually a contract agreement between the card issuer and the charity- and not from your pocket.

Popular Affinity Credit Cards

Despite the fact that individuals pay higher interest rates and annual fees when they use charity credit cards, and that cardholders of charity cards receive fewer perks than traditional credit cards- these credit cards are very popular. Target's credit card has donated over 19 million to Take Charge of Education, an organization that provides scholarships to students and teachers. This particular charity credit card allows the cardholder to designate the school in which their 1 percent donations are sent to- making the card extremely popular with families with children in grades k-12.

Competition is Fierce

The credit card industry is a highly competitive one, with banks and card issuers literally trying to out-best one another in hopes of retaining and attracting new cardholders. Credit issuers love affinity cards because the cardholders are often very loyal- keeping their credit cards and using them often because they believe in the cause they are donating to.

About the Author

This article is courtesy of CreditorWeb.com, where you can compare
business credit card
offers and
apply for a credit card
online.