Free Online Checking Cash Bonuses for Everbank & Ing Direct End Sunday & Wednesday
Two of my top five picks for the best free online checking accounts, Everbank and Ing Direct, have cash bonus promotions that end this week. My other top picks, PerkStreet, Ally Interest Checking, and USAA do not have cash bonus promotions at the moment, and these are the only cash bonus incentives any of the five have offered this year for new accounts.
As such, if youre in the market for a free online checking/debit card account, now is a good time to pull the trigger. Here are the details on each promotion
Ing Direct $107 Cash Bonus on Electric Orange Checking Ends Sunday, November 27
This is the first time Ive highlighted this deal as it is part of Ings Black Friday promotion it just came up and youll have to act fast.
Credit Demystified—The Five Components of A Credit Score
Credit is something you hear about in almost every financial setting: “It will depend on your credit.” To a lot of people, however, credit and how it is determined may be kind of a mystery. Here we’ll explain what credit is and how it is determined so you can start maximizing yours.
What is Credit?
Credit is your ability to get a loan in one sense. It is a number that lenders will look at when they determine whether or not to grant you alone. But really it is a culmination of five elements:
- payment history
- amount owed
- length of history
- new credit
- types of credit used
These five factors determine your credit score and your resultant ability to get a loan. We’ll discuss each of these in a little more detail.
Payment History—35%
Payment history is your record of paying or not paying bills. It includ
Payday loan alternatives at local banks
If you have relied on the occasional payday loan to handle a cash crunch, you are already aware of the danger of being unable to repay the loan. Short term payday loans can save a family from an emergency if they need to pay a utility bill, purchase a child’s medicine or repair a car in order to get to work. On the other hand, these loans dip into the cash you have available to pay your regular bills and can result in an ongoing financial crisis.
Payday loans and banks
A recent article in The Mercury News compared direct deposit advance loans from banks with typical short term payday loans offered by payday lenders. According to The Mercury News, Regions Bank, Wells Fargo, U.S. Bank, Guaranty Bank and Fifth Third Bank all offer loans that are similar to payday loans.
American Express launches new Platinum Cashback Credit Card
American Express launches a new Platinum Cashback Credit Card aimed at rewarding the long-term loyalty of customers. The new Platinum Cashback Credit Card has a straightforward on-going flat rate of 1.25 per cent on all purchases with no maximum limit to the amount of cashback that can be earned. The Card also has an introductory cashback rate of 2.5 per cent for the first three months, up to a maximum of £100 cashback.
In addition, each year, Cardmembers will have the opportunity to receive a loyalty bonus of double cashback (2.5 per cent) during their anniversary month, with no upper limit to the amount of cashback that can be earned.
Julie Hay, Head of Credit Cards at American Express said: “In recent years there has been a trend of regular credit card switching to benefit from short term introductory rates.