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AARP Credit Card – The Perfect Card For Retirement
When I first saw the name Aarp (exactly in this format) I thought it was a typing error, I’ve since learnt that it is an acronym for the American Association of Retired Persons (AARP). I guess because I am not retired the name was unfamiliar to me but since completing the research for this article, I have been educated.
There are many fascinating aspects to the association, and yes I know you are interested mainly in the AARP credit card, so I’ll get on with what I found.
About the AARP Credit Card
The cards are issued by Chase in association with the AARP and what I like about them is that you have two options to use and enjoy the AARP services. You also have the option to choose your own credit card design to make the card more personal.
The choice of cards and the benefits are as follows:
AARP Travel Plus Visa Signature card
Features: Annual fee of $59 0% introductory APR reverting to 14.24% 0% Balance transfer for 12 months Earn 1 point for every $1 in card purchases. Earn up to 100,000 points annually with no monthly minimum.
This is just a taster of the benefits available with this AARP credit card. This is an airline rewards card and would suit the retired jet setters best. The rewards program is quite good compared to other offers on the market, so it is definitely work looking into.
If flying is not your preference but you still want to enjoy great rewards, the next AARP credit card would interest you.
AARP Rewards Platinum Visa card
Features No Annual fee 0% introductory APR reverting to 14.24% 0% Balance transfer for 12 months Earn 1 reward point for every $1 spent on card purchases Redeem points for cash or gift certificates
There are numerous vendors at which you can redeem your points, so no matter what your taste or preferences, you would be sure to find uses for the points you accumulate.
This AARP card has extra bonuses such as the ability to pick your own payment due date, and access to the 24 hour members-only helpline. In addition you won’t receive any telemarketing calls regarding your account, so that is one less disturbance to deal with.
To add to your convenience you can manage your account online and even use your AARP credit card to pay your federal taxes. Take a look at the “preferred services” available from AARP to find out more. There are so many offers that can help you save money ranging form road side assistance to shopper’s advantage.
The AARP credit cards are packed with benefits too numerous to cover in this short article.
You can review other rewards credit cards and airline rewards credit cards on the market to compare the rates and benefits that are available and choose the card that best suits your circumstances.
Basics of Loan Amortization Tables
One of the most important and costly investments people make in their life times is the purchase of a home. The decision to take out a home mortgage is a huge one; and its extremely important that people figure out which type of mortgage is the best type for their unique situation, and make sure they have calculated the amount of mortgage they can actually afford. Its necessary also, to fully understand the rate of interest that you are paying and how it is calculated, as it will affect the amount of money you are borrowing immensely. There are a number of ways that interest rates are calculated, but most banks calculate the interest according to what is known as a loan amortization table.
Amortization is a fancy word that basically describes the number of years it will take to repay the loan completely, with interest.
There are three types of loan amortization tables that are used most frequently, including:
Equal Capital In this type of amortization table, the calculation system will display each of the equal monthly payments as well as the total variable payment that is made to the bank. The amount of the repayments decrease as the term of the loan gets closer to the expiration date.
Spitzer Amortization Table In this type of amortization table, the repayments are often considered the most optimal. A Spitzer loan provides a fixed monthly payment, even with a variable rate of interest that may adjust throughout the repayment period. Unfortunately, however, many people mistakenly believe that most of the interest is paid within the first year of making repayments on this loan, but that is not the case.
Bolit Amortization Table In this type of amortization table, the payments that are made pay the interest on the loan, and the principal amount of the loan is only paid after a specified period of time. So the beginning payments are interest only.
As with any investment tool, there are numerous risks associated with loan amortization tables, including:
Linking risk
Rising consumer price index
Rising prime risk
Exchange rate
Fluctuating interest rate risk
If you are able to define the type of risk involved with the various amortization tables, then you can have a better understanding of how to best neutralize the risk .