by Douglas on December 30, 2011
The PAYjr Prepaid Credit Card is for the younger generation to learn about money and credit. This is why many categorize this as one of the Best Credit Cards available today.
The PAYjr is a Visa credit card and works is accepted anywhere Visa is. At this time there are two different credits cards available to minors. There is one for under the age of 12 and for those 13 years and older.
The one for 12 and under is called the PAYjr Chore and Allowance System. This system makes it possible for a child’s chore list to be online so both your child and you as a parent can review what has to be done and what is still unaccomplished.
The biggest benefit for your child is they get to learn early in life just how work is related to financial rewards. The more they work, the larger their income will be. The balanced owed the child from the parents is tracked by PAYjr so they can receive the money they have earned.
For children 13 years and up there is the PAYjr Visa Buxx Card. This is a reloadable prepaid credit card that can not only help your children to manage their financials but allow you to control their spending. Because it is plastic and not cash, the money will allows be there even if the card is stolen so it is safer than cash.
You child can go to any store that accepts Visa and use this prepaid credit card. This card is also accepted online so they can shop for their favorite things while on the internet.
As with all forms of credit cards, it is the responsibility of the card holder to use it wisely.
by Douglas on December 16, 2011
The Oregon Community Credit Union Credit Card is the way these members can get all the credit they deserve. This is one of the Best Credit Cards being offered in this part of the country. This is a rewards credit card that gives you 1 point for every $1 you spend on your MasterCard.
When you first open your Oregon Community Credit Union MasterCard account, you will be given 2 points for every $1 you spend on the card. This special offer will last for 90 days from the time you are approved for this credit card.
You will also earn 1 point for each $1 involved in a balance transfer for the first 30 days of opening an account. The minimum amount you can transfer is $100 and the maximum is $2,500. At this time there is a special intro rate of 1.90% APR that will last for 9 billing cycles for all balance transfers.
For all purchases and balance transfer after 9 billing cycles, the variable APR will be from 14.99% to 24.99%. For all cash advancements the variable APR is 25.24%.
The penalty APR is a variable 30.24%. This penalty APR will be applied to your account if you are late on a payment or go over your credit limit. You must make 6 consecutive payments for your APR to be reduced if either of those situations occurs.
The billing cycle for this credit card is 23 days in length. The minimum finance charge per billing cycle is $2.
There is no annual fee with this credit card. There is a 3% or $10 charge for each balance transfer that occurs in the first 9 billing cycles. After that point the charge is raised to $5 per transaction. For all cash advances there is a $10 or 5% charge per transaction. All foreign transactions in USD will be charged an additional 3%.
This is what the Oregon Community Credit Union Credit Card has to offer. As always read the terms and conditions of the account before you submit your application.