Apple Card $50 Signup Bonus When You Spend $50 At ExxonMobil

The Offer

Direct Link to offer

  • Apple is offering a $50 bonus when signing up for Apple Card and spend $50 at Exxon Mobil via Apple Pay. Valid until 1/31/21.

 

Card Details

  • No annual fee
  • No foreign transaction fee
  • No cash advance fees
  • No late payment fees (late or missed payments will result in additional interest accumulating toward your balance)
  • No over-the-limit fees, no balance transfer fees, no expedited card delivery fee
  • Card earns the following rewards:
    • 3% cash back on Apple purchases and services (including the app store, Apple Music payments, etc.)
    • 3% cash back on ExxonMobil, Panera Bread, Walgreen’s, Duane Reade, Uber, UberEATS, T-Mobile store purchases, and Nike when using Apple Pay 
    • 2% cash back on all Apple Pay purchases
    • 1% cash back when using the physical card

Our Verdict

We’ve seen the same deal for various other merchants. There was a $75 offer for Nike, but I think a lot of people will prefer $50 at the gas station.

Hat tip to Milestomemories

Source: doctorofcredit.com

How to Build Credit with Fingerhut

If you’ve been wanting to make a big purchase, but your credit is less than spectacular, you might have looked into Fingerhut as an option. 

Fingerhut is an online catalog and retailer that showcases a multitude of products. On this website, customers can shop for anything from electronics to home décor to auto parts. Fingerhut offers financing through their own line of credit, making it appealing to shoppers with poor credit or a nonexistent credit history. Many consumers have a better chance of getting approved by Fingerhut, than they might have of getting approved through most other credit card companies. It’s an option worth looking into if you want to improve your credit score through credit utilization.  

The major difference between Fingerhut and credit cards that cater to low credit scores is that Fingerhut credit is exclusively available for use with its own company’s products and authorized partners. You’ll also find that the company’s products are pricier than they would be through most other retailers, while also bearing the weight of higher interest rates. While it might seem like a good idea if you don’t have good credit, it’s best to familiarize yourself with the ins and outs of the company beforehand so that you know what you’re signing up for. 

How Fingerhut credit works

When you apply for a Fingerhut credit account, you can get approved by one of two accounts:

  • WebBank/Fingerhut Advantage Credit Account.
  • Fingerhut FreshStart Installment Loan issued by WebBank.

As it happens, by submitting your application, you are applying for both credit accounts. Applicants will be considered for the Fingerhut FreshStart Installment Loan issued by WebBank as a direct result of being denied for the WebBank/Fingerhut Advantage Credit Account. In other words, you won’t have a way of knowing which one you will be approved for prior to applying. Both credit accounts are issued by WebBank and are set up so that customers can purchase merchandise by paying for them on an installment plan with a 29.99% Annual Percentage Rate (APR). These are the only things that the different Fingerhut credit accounts have in common.

The WebBank/Fingerhut Advantage Credit Account

The WebBank/Fingerhut Advantage Credit Account works very much like an unsecured credit card, except that it’s an account that you can only use it to shop on Fingerhut or through its authorized partners. 

This credit account features:

  •  No annual fee.
  • A 29.99% interest rate.
  • A $38 fee on late or returned payments.
  • A possible down payment; it may or may not be required. You won’t know prior to applying. 

If you get denied for this line of credit, your application will automatically be reviewed for the Fingerhut FreshStart Credit Account issued by WebBank, which is both structured and conditioned differently.

Fingerhut FreshStart Installment Loan issued by WebBank

If you get approved for the Fingerhut FreshStart Installment Loan, you must follow these three steps to activate it:

  • Make a one-time purchase of no less than $50.
  • Put a minimum payment of $30 down on your purchase, and your order will be shipped to you upon receipt of your payment. You may not use a credit card to make down payments, but you can use a debit card, check, or a money order. 
  • Make monthly payments on your balance within a span of six to eight months.

You can become eligible to upgrade to the Fingerhut Advantage Credit Account so long as you are able to pay off your balance during that time frame or sooner without having made any late payments. Keep in mind that paying for the entire balance in full at the time you make your down payment will result in you not qualifying for the loan as well as being ineligible for upgrade. 

How a Fingerhut credit account helps raise your credit score

The fact that it can help you improve your credit is one of the biggest advantages of using a Fingerhut credit account. 

When you make your payments to Fingerhut in full and on-time, the company will report that activity to the three major credit bureaus. This means that your good credit utilization won’t go unnoticed nor unrewarded. If you use Fingerhut to improve your credit score, you will eventually be able to apply for a credit card through a traditional credit card company—one where you can make purchases anywhere, not just at Fingerhut. 

Additional benefits of a Fingerhut credit account

Besides using it as a tool to repair your bad credit, there are a few other benefits to using a WebBank Fingerhut Advantage Credit Account such as:

  • No annual fee.
  • Fingerhut has partnerships with a handful of other retailers, which means you can use your Fingerhut credit line to make purchases through a variety of companies. Fingerhut is partnered with companies that specialize in everything from floral arrangements to insurance plans.
  • There are no penalties on the WebBank Fingerhut Advantage Credit Account when you pay off your balance early.

How to build credit with Fingerhut

Fingerhut credit works the same way as the loans from credit card companies work: in the form of a revolving loan. 

A revolving loan is when you are designated a maximum credit limit by your lender, in which you are allowed to spend. Whatever you spend, you are expected to pay back in full and on-time through a series of monthly payments. This act of borrowing money and paying off bills using your Fingerhut account causes your balances to revolve and fluctuate, hence, its name. 

Your credit activity, good or bad, gets reported to the three major credit bureaus and in turn, will have an effect on your credit report. Revolving loans play a large role in your credit score, affecting approximately 30% of your score through your credit utilization ratio. If your credit utilization ratio, the amount of available revolving credit divided by your amount owed, is too high then your credit score will plummet. 

When using a Fingerhut account, the goal is to try to keep your amounts owed as low as you possibly can so that you can maintain a low utilization ratio, and as a result, have a higher credit score.

Alternatives to Fingerhut

If you’ve done all your research and decided that Fingerhut isn’t the right choice for you, there are other options that might serve you better, even if you have bad credit. There are a variety of secured credit cards that you can apply for such as:

  • The OpenSky Secured Visa Credit Card: You will need a $200 security deposit to qualify for this secured credit card, but you can most likely get approved without a credit check or even a bank account. It can also be used to improve your credit, as this card does report to the three major credit bureaus. While this card does come with an annual $35 fee, you can use it to shop anywhere that will accept a Visa. 
  • Discover it Secured:  For all those opposed to paying an annual fee of any sort, this card might just be the one for you. With a $0 annual fee and the ability to earn rewards through purchases, there’s not much to frown about with this secured credit card. One of the best perks, is that it allows you the chance to upgrade to an unsecured card after only eight months. 
  • Deserve Pro Mastercard: This card is a desirable option for those with a short credit history. There is no annual fee and no security deposit required and, if your credit history isn’t very long-winded, that’s okay. The issuers for this card may use their own process to decide whether or not you qualify for credit, by evaluating other factors such as income and employment. This card is especially nifty because you can get cash-back rewards such as 3% back on every dollar that you spend on travel and entertainment, 2% back on every dollar spent at restaurants, and 1% cash back on every dollar spent on anything else. 

Final Thoughts 

Fingerhut is an option worth looking into for those with bad credit or a short credit history. If you want to use a Fingerhunt credit account to improve your credit score, be sure to use it wisely and make all of your payments on time, just as you would with any other credit card.

Even though it might be easy to get approved, the prices and interest rates on items sold through Fingerhut are set higher than they would be at most other retailers, so it’s important to consider this before applying. 

There are a ton of options available, regardless of what your credit report looks like, if you are trying to improve your credit. If the prices of Fingerhut’s merchandise are enough to scare you away, you might want to consider applying for a secured credit card. 

How to Build Credit with Fingerhut is a post from Pocket Your Dollars.

Source: pocketyourdollars.com

Citi Sears Credit Card – What You Need To Know

The Citi Sears card is our number #1 ranked store credit card. Readers often have a lot of questions regarding this card so I decided it was time for a dedicated post (you can read our basic review of the card here). The main reason this card is so popular is because of the frequent spending bonuses Citi sends out on this card, for example the current promotion is 10-20% back at gas, grocery & restaurants.

Citi Sears Card Versions

There are three versions or flavors of this card and the only real difference is the points currency they earn. The three are:

  • Shop Your Way Rewards (SYWR). This is the only version of the card you can sign up for directly currently. This is Sears points currency and can be used for items at Sears, although there is a new gift card option as well.
  • Citi ThankYou Points (TYP). This is Citi’s flexible point currency.
  • Statement Credit. This is cash back in the form of statement credit

Can You Product Change Between Cards?

It used to be possible to sign up for the SYWR version of this card and then product change to either the Citi TYP or statement credit version of this card. The rules then seemingly changed so that the original card needed to be open for a period of 12 months before the product change could be processed. In recent times people have reported being unable to product change, although there have been some reports of it still being possible.

Getting Targeted Spend Offers

When people first sign up for the card they often report not receiving any targeted spending offers. There are two theories:

  1. It takes a set amount of time before any offers will appear.
  2. You need spend on the card to be eligible for these offers.

I think it’s probably a combination of the two in that no matter how much spend you put on the card in the first few months you still might miss out on the first few offers. Once you start receiving an offers you’ll usually have a lot of spend on the card anyway as the offers are so good.

Final Thoughts

This article is a work in progress, I’ll add any other relevant information and answer any questions people have.

F.A.Q’s

Do the spend offers stack?

Yes, the offers do stack. For example if you have the following two offers:

  • Get 10% back at gas/grocery/restaurants from 1/1/21 until 3/3/21
  • Spend $2,000 or more with your Citi Sears Card from 2/1/21 until 4/1/21 and earn a $90 statement credit

Then you could spend $2,000 at a gas station and earn $200 from the first promotion and an additional $90 from the second promotion. The dates and offers are just an example.

What’s the best sign up bonus offer on this card?

Most people get this card for the spending bonuses rather than the sign up bonus. I believe the highest bonus we’ve seen is $200 as a sign up bonus, but again the real deal is in the spending offers.

 

Source: doctorofcredit.com

Best credit cards for Lyft

Only a decade ago, people called a taxi company when they needed a ride. The same act is now as simple as hitting a few buttons on your smartphone.

Ride-share companies like Lyft make getting a ride to almost anywhere a breeze, and the service may cost a lot less than you think.

If you charge your Lyft rides to a credit card that doles out points or miles, that’s even better. In this guide, we’ll go over the absolute best credit cards to use when you ride with Lyft as well as other ways to maximize your ride-share dollars.

See related: Everything you need to know about maximizing rewards on ride-shares

Chase Sapphire Reserve®: Best for Lyft discounts

  • Chase Sapphire Preferred® Card: Best for extra value at a lower fee
  • American Express® Green Card: Best for budget-minded travelers
  • Wells Fargo Propel American Express® card: Best no annual fee card for ride shares
  • Best credit cards to earn rewards with Lyft

    There are a handful of credit cards that can help you earn rewards each time you ride with Lyft. Here are your best options:

    See related: Best cards for Uber, UberEATS

    Chase Sapphire Reserve®: Best for Lyft discounts

    In January 2020, the Chase Sapphire Reserve began to offer a one-year complimentary Lyft Pink membership. For a $19.99 monthly fee, Lyft Pink offers passengers 15% off all car rides, in addition to priority airport pickups, special discounts and more flexibility in cancellations, among other benefits. The Reserve is also offering 10 points per dollar on Lyft purchases through March 2022.

    Besides these perks, the card comes with a 3-point-per-dollar rate on restaurants and travel, including Lyft, after the $300 annual travel credit. Speaking of the credit, it applies to most travel purchases, including rides with Lyft.

    The Chase Sapphire Reserve card is one of the best travel credit cards on the market, but it also comes with a rather high price – the card charges an annual fee of $550. If you don’t travel often enough to justify the fee, you might want to look into cards that have a lower annual fee or none at all.

    Here are more details:

    • One-year complimentary Lyft Pink membership (a $199 value)
    • 10 points per dollar on Lyft purchases through March 2022
    • 3 points per dollar spent on restaurants and travel,
    • $300 annual credit travel that applies to most travel purchases, including rides with Lyft
    • 50,000-point sign-up bonus if you spend $4,000 in first three months
    • Redeem points through the Chase Ultimate Rewards portal, and get 50% more travel for free
    • Transfer points to airline and hotel partners at a 1:1 ratio
    • Up to $100 Global Entry/TSA Precheck credit every four years
    • Priority Pass Select membership
    • $550 annual fee

    exciting new benefits for its World and World Elite credit card members. This includes a $10 Lyft credit for World Elite cardholders, which will be automatically applied to your next ride after you take five Lyft rides within a calendar month. The most popular World Elite Mastercards include the Capital One® Savor® Cash Rewards Credit Card*, the Citi Prestige® Card and the Barclaycard Arrival Plus World Elite Mastercard.

    Chase Sapphire Preferred® Card: Best for extra value at a lower annual fee

    Similar to the Chase Sapphire Reserve, the Chase Sapphire Preferred rewards cardholders for eating out (or ordering takeout) and traveling and offers 5 points per dollar on Lyft through March 2022. The base rewards rate is lower at 2 points per dollar on dining and travel and 1 point per dollar on other purchases, but the annual fee is also lower at $95.

    If you’re not ready to shell out $550 per year that the Reserve charges, the Preferred can be a better alternative. Plus, it offers a higher sign-up bonus than the Reserve – you’ll get 60,000 points after you spend $4,000 in the first three months (compare with a 50,000-point sign-up bonus if you spend $4,000 in first three months on the Reserve).

    Take a look at the card details:

    • 5 points per dollar on Lyft through March 2022
    • 2 points per dollar spent on dining and travel
    • 60,000-point sign-up bonus if you spend $4,000 in first three months
    • Redeem points through the Chase Ultimate Rewards portal, and get 25% more travel for free
    • Transfer points to airline and hotel partners at a 1:1 ratio
    • $95 annual fee

    American Express® Green Card: Best for budget-minded travelers

    Another credit card that offers rewards for travel and transit (including ride-shares such as Lyft) is the American Express Green Card. While it doesn’t offer the luxury travel perks other Amex cards are known for, it can be a good choice for budget-minded travelers. With this card, you can get 3 points per dollar on dining, travel and transit, and 1 point per dollar on everything else. The Amex Green also comes with perks such as up to $100 in annual statement credits for LoungeBuddy purchases and up to $100 per year for CLEAR membership.

    complimentary Uber Eats Pass membership for up to 12 months if you enroll by Dec. 31, 2021.

    Here’s what the card offers at a glance:

    Wells Fargo Propel American Express® card: Best no annual fee card for ride shares

    If you’re looking for a credit card that would earn you rewards on Lyft rides and not charge an annual fee, the Wells Fargo Propel American Express is definitely an option worth looking into.

    The card earns 3 points per dollar in numerous categories, including dining out, gas stations, transit, flights, hotels, homestays, car rentals and select streaming services – and ride-shares. All other purchases earn 1 point per dollar. You can choose to redeem your rewards for flights through Go Far Rewards or statement credits.

    Here’s a closer look:

    More ways to maximize rewards (and save money) when you pay for ride-sharing services

    While using the right credit card can help you score more rewards each time you ride with Lyft, there are other ways to make the most of your ride-share spending. Here are some tips that can help you maximize each dollar you spend, save money and even earn airline miles:

    Bottom line

    To find the best cards for Lyft to share with you, we’ve compared all cards that offer benefits and perks related to ride-sharing and Lyft specifically. These cards can help you maximize your potential earnings and savings on Lyft rides, and if you use Lyft frequently, one of these products can be a great addition to your wallet.

    *All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. Capital One Savor Credit Card is no longer available through CreditCards.com.

    Source: creditcards.com