The Virgin Group may own Virgin Money but the credit cards they offer are actually linked to a bigger banking network.
Originally established in England by Virgin Enterprises Limited, the Virgin Money brand is a registered trademark of the Virgin family but used under licence in Australia by Citigroup.
This means that Citibank is the credit provider and issuer of Virgin Money credit cards, even though Virgin Money Australia promotes and distributes the credit cards under an arrangement with Citibank.
In fact, Citibank is the provider of all non-cash payment facilities offered by Virgin Money and while this does not generally make any difference for credit card conditions and use, it can cause some complications for balance transfers.
Most balance transfers offer low rates for the introductory period as a way of helping new cardholders to reduce their credit debt.
Unfortunately these offers cannot usually be given to existing customers of a particular provider.
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Tags: Cards, Credit Cards
The case against rewards credit cards by Peter Andrew 
Earlier this week, The Washington Post published a blog post by Natalie McNeal. You may have heard of her. Shes made something of a career out of first accumulating and then repaying $20,000 in credit card debt. Shes written a book, and has her own website. Excuse your blogger while he tamps down his envy, and composes himself.
Rewards credit cards bad?
Thats better. Anyway, the overall thrust of McNeals blog was that she was (on balance and with caveats) against rewards credit cards in general and travel rewards cards in particular. And she gave three reasons why:
- Having had so much credit card debt before, she was determined to avoid it again.
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Tags: Cards, Credit Cards, Rewards Credit, Rewards Credit Cards
I absolutely love handbags. They are my passion and get me in trouble with my credit cards! I have yet to purchase a Michael Kors bag and I am insanely jealous of those who have! It is on my list of companies to had to my collection. Chase is currently offering 2 points for every dollar spent with Michael Kors online. Those points will definitely add up! However, I do need to state, Michael Kors is not only handbags. They sell all kinds of accessories. From the Chase website:
Find the latest in luxury sportswear for women and men, as well as fabulous accessories including handbags, footwear, watches, eyewear, and more.
By shopping online through the Ultimate Rewards Mall you are acknowledging you have read and agree to the program terms and conditions.
Retail prices provided for items displayed on this site are not guaranteed and are subject to change at the discretion of the merchant.
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Tags: Cards, Credit Cards, Michael Kors
A lot of people scoff at reward cards because the rewards don’t seem all that great. I have to admin, one or two percent really doesn’t blow your mind, especially if you do not do a lot of spending on your credit card. Last week, I told you about the great card from AARP that offers an introductory cash back rate of 5%. I later told you how you could get in on the deal even if you are not old enough to be a regular member of AARP.
If five percent did not get your attention, how about 10%? Sure there are some cards that will give you 10% back on specific merchants. Thes
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Tags: Cards, Reward Cards
The answer to the question do you really need business credit cards is a resounding yes. This is going to be one of the most beneficial things you can do for your business. The first thing you should know is they are the perfect way of keeping your finances in order. The separation of your personal finances and business finances is going to be very important.
You will be thankful that you did this when tax time comes. The record you have of all the purchases made for the business will be on statements which are easy to put together for the person doing your taxes. There are many that are deductible and in order to take advantage of the deductions you will need to have proof of the money you have spent.
The use of business credit cards allow you to make purchases needed for your business when they are used responsibly.
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Tags: Business Credit, Business Credit Cards, Cards, Credit Cards
Without a doubt, Discover credit cards are one of the more popular types that are offered to consumers today. There is a variety available for those who have a perfect credit rating to those who may not have very good credit. They also have cards that offer incentives to shoppers who transfer balances, for people who want to earn cash rewards and even credit cards for students.
The rates will vary depending upon which type of card meets your needs. The ones that offer incentives work similarly to other credit cards that offer incentives as well. The typical reduced or 0% interest rate is charged for a period of time after which the rate will go back to the regular interest rates.
They also offer balance transfers that work on the same premise.
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Tags: Cards, Credit Cards, Discover Credit, Discover Credit Cards
If you haven’t heard of RFID credit cards, you surely will soon. An abbreviation for “Radio Frequency ID,” some credit card issuers are embedding these tiny electronics inside the cards you carry in your wallet.
What’s the benefit? Instead of having to swipe your card every time you make a purchase, you can just wave it.
What’s the drawback? Well, if someone around you is enterprising, they can hack your card, and steal your personal financial information. Here’s how:
1. Get Yourself an RFID Reader
These are available from eBay. Just check
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Tags: Cards, Credit Cards, Rfid Credit, Rfid Credit Cards