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[#1]5 Star Credit Card

by Mindy Matter, Min

For Your Business

Running a small business can be difficult without the right credit card to help, and American Express tirelessly does an amazing job of helping business owners. The Starwood Preferred Guest Business Credit Card is a little different in that respect. You'll pay no fees on this card during the first year you own it, and your company qualifies for discounts with companies like FedEx, Delta, and Hertz just because you use your card. For the first six months, your company will enjoy a low 2.9% APR, and even after the introductory period expires, you'll still have a low 18.24% APR. With your first purchase, you earn 10,000 points, which is enough to stay free in one of the 825 Starwood hotels for tree nights. Starwood hotels and resorts include some of the biggest names in the hospitality industry like Westin, Sheraton, W Hotels, The Luxury Collection, St. Regis, Le Meridien, and Sheraton's Four Points series. Hotel rewards, though, aren't the only thing your points count toward. You can transfer them to thirty different frequent flyer programs. One of the best things about this rewards program, as opposed to others on the market today, is the earning ratio. You get one point for almost every single dollar that is spent on this card, and when you're using the card at one of the many Starwood hotel choices, you get double points. If your business means travel, it makes sense to apply for the winner of the 2006 Freddie Awards ? the Starwood Preferred Guest Business Credit Card.

For You

Even if you don't have a need for a business card, but you do travel on a regular basis, the Starwood Preferred Guest Credit Card may still be right for you. The personal version of this card enjoys the same interest rates, even the low 2.9% introductory APR, and you get the benefit of a 20 day grace period on every purchase you make. As with the business version of this card, you get ten thousand bonus points the first time you use the card, and you can also qualify for fifteen thousand bonus points if you spend $15,000 in six months. You can use the points for free nights or upgrades at any of the participating Starwood hotels and resorts. You can even transfer them to one of 30 major airlines frequent flyer programs. Spend one dollar for one point or double your points when you use your card at any Starwood-certified location. This amazing product was named the "Best Affinity Credit Card" by frequent travelers, and with rewards like these, it's not hard to see why.

If you travel on a regular basis, whether for business or pleasure, perhaps it's time to consider the Starwood Preferred Guest Credit Card series.

Being in deep credit card debt is not a thing that can be easily brushed off or treated lightly. Anyone who's been in this situation knows how terrible it feels. However, if you ever find yourself in deep credit card debt, there are things you can do to make your financial situation not worse that it already is.

Tip #1: Budget right away.

Don't wait until you lose your house. As soon as you find yourself in a bad financial situation, make a budget right away. How much is your income? Does it cover your expenditures? Assess your situation and know which expenditures are vital and which are not. Do you really need to eat out three times a week? Do you truly need to have all the bells and whistles that come with your cellphone plan? Must you shop for clothes every week? Your budget needs to cover all your basic necessities: food, housing, clothes, basic utilities and health-related costs.

Tip #2: Face your creditors.

Many deal with their creditors by avoiding them or running away from them. Dealing with creditors this way only leads to bigger and more serious problems. If you find yourself having a hard time paying off your debts on time, the best way to deal with it is to contact your creditors right away. Disclose to them your reasons for not being able to pay your debts and ask if they can come up with a revised payment arrangement. It's important that you let your creditors know that, while you are in debt, you are very willing to pay it off. Face your creditors. Don't let them reach a point where they pass your situation to a debt collection agency.

Tip #3: Deal with debt collectors.

The Fair Debt Collection Practices Act is a federal law clearly stating that debt collectors cannot bug you, give false assertions or do anything that is not fair when they are trying to collect money from you. Read and understand this federal know so you can properly address debt collectors.

Tip #4: Consider credit counseling.

There are groups and institutions that offer credit counseling for those who need help with their financial problems. A good credit counseling organization can help you come up with an improved payment arrangement of your credit card debts. You can present this plan to your creditors for their approval.

Tip #5: File for bankruptcy.

Filing for personal bankruptcy is a last resort to fixing -- and the legal way of addressing -- your credit card debt. However, keep in mind that if you file for bankruptcy, it will remain in your financial information report for years. Thus, you may find it difficult to get additional credit, buy a house or even get a job with a bankruptcy on your financial information report.

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About Author

Both Mindy Matter & Tanner Riley 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.

Mindy Matter has sinced written about articles on various topics from Credit Cards, Visa Credit Cards and Credit Cards. Save money on your vacation with or