This card awards points for each purchase of Ten Pounds and over. These points are redeemable on eighteen of the world’s top airlines, such as, American Airlines, Delta, Air France and Air Canada.
The Buy and Fly MasterCard also offers 0% APR on purchases for the first six months. This means that you pay absolutely no interest on items purchased during this introductory period.
An introductory 0% APR on balance transfers for six months is also one of the selling points of this card, especially if amassing travel points is your primary aim. However, there is a two percent handling fee on each transfer. The standard balance transfer APR is 17.9% after the first six months.
Added bonuses are no annual fees and the fifty-five day no interest grace period.
Applicants who apply online can expect an instant decision on their application.
•Morgan Stanley Platinum card
New applicants can earn two percent cash back on purchases up to November 1, 2006, however, this will be reduced to one percent after November. Likewise, there is a 5.9 percent balance transfer on balances if the transfer is made before November 2006. This low APR is for the life of the balance.
There are no annual fees and a variable 15.9% APR.
Other benefits of the Morgan Stanley Platinum card include fraud protection and a payment protection plan. The payment protection plan pays your monthly card payment in the event that you are temporarily unemployed.
In addition to the benefits above, all Morgan Stanley cardholders get monthly tips on saving and other money management tips. Card holders can also manage their accounts online.
When you were a teen, you might have noticed how magical a credit card seemed. More and more parents give teens a credit card for emergency purposes than there are emergencies ever. You can help them learn about credit cards by letting them use a credit card that you monitor. Credit cards are a very big responsibility no matter who you are. A teen that sees it as free money is more likely to make a bad mistake when using credit for the first time. Letting a teen make a mistake is one of the ways that they can learn not to continue to make those mistakes. Depending on your situation at home with your finances, making the decision to give a teen a credit card can be very dangerous. If the parents can afford a few blunders, it may be wise to let the teens make some mistakes so they can learn to better manage their spending habits. If you do not have a very large income to afford a blemish on your credit, then it is probably wise not to let a teen have a credit card unless it is absolutely necessary. Credit card companies make it easy for you to receive additional cards for use in purchasing goods and services by your spouse or family members. This is why it is best to really discuss what you wish to do with your teens so they can have the idea in their head while you wait for the card to arrive in the mail. If you really want your teen to have a card for emergency purposes, then it is possible to discuss the importance of credit cards and the responsibilities associated with them. This allows them to take in a few moments of thought to process what responsibilities are and thus making them at least a little more responsible with the card when you give it to them. You can set rules for acceptable purchases and also lay down the boundaries of which they can spend. If they break these rules or boundaries, you can cancel their card and have them suffer. If they get back on track, you may want to give them another chance, but until then their card is not active any more. Closing Comments You can have a great teenager at home but at the mall on their own, they may feel the need to show off. This can be a bad thing if they have a credit card. Luckily, you can decide if you wish to let your teens have a credit card or not.
Both Eric Wasselman & Chris Channing are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.