Finances- Credit Cards

Credit cards have had a negative impact on families. People use credit cards as a way of life instead of only in emergency situations. This has caused many families to go into debt.

Here are a few credit card samples.

Visa:

• Visa Classic
• Visa Platinum; 
• Visa Infinite
• Visa Gold

      Visa Gold:

• Offers rewards on everyday purchases.
• Redeem points for flights, vacation packages, hotels, merchandise. 
• 1 Gold bonus point for every $1 charged to your card.
• Comprehensive benefits
•  Out-of-Province emergency travel medical insurance.
• Qualifying household income $35,000.

Master Card:

• Standard MasterCard
• World MasterCard                                       
• World Elite MasterCard

      Cash Back World MasterCard:

• $1.25 cash back for every $100 spent on your card.
• Free roadside assistance, including battery charging,lock-out services and towing.
• Travel protection.
• Pay Pass
• Qualifying household income $100,000, individual income $60,000

American Express:

• American Express Gold Rewards Card
• American Express Platinum Card
• American Express Air Miles Card
• American Express AeroplanPlus Card

 
      American Express Platinum card:

• Earn 50,000 bonus Rewards.
• Points by making $1,000 in purchases in the first three months.
•  Members are automatically enrolled in the Membership Rewards and earn $1.25 poiunts for every dollar in purchases.
• Transfer your points into other frequent and hotel programs.
• Qualifying personal income $40,000
• Canadian resident and have a Canadian credit file.
• In the past 7 years you have not filed bankruptcy and always paid your bills on time.

Discover:

• Discover it credit card
• Discover it student card
• Discover it business card

   
      Discover it Credit card:

• $100 cash back bonus when you make $500 in purchases in your first three months.
• 0% intro APR* for 12 months on purchases and balance transfers.
• 5% cash back in categories that change throughout the year.
• 1% cash back or more on all other purchases.

People use credit cards like they have the money already, not realizing that the money they are spending has interest . When the bill comes they only pay the minimum amount owed, which then leads them into debt.