Posted on February - 16 - 2012
Considering the AmEx SimplyCash Business Card? You’re close but you can do better. The SimplyCash is a good small business credit card, sure. But is it the best? Sorry, no. We’ll take you through the benefits and show you a couple cards you might want to consider instead.
Rewards!
Generally, we like to start by taking a look at the signing bonus. Unfortunately, the SimplyCash has no sign-up bonus to examine, which makes us very sad nerds. The ongoing rewards, however, do cheer us up a bit. You earn cash back at a 5% rate on office supplies and wireless services, 3% on gas and 1% on all other purchases. It’s not a bad program, especially since your rewards manifest in the form of cash. And considering the SimplyCash doesn’t require an annual fee, everything you earn is instant profit. Transactions with FedEx, Hertz and OfficeMax are eligible for 3-10% discounts for business expenses. Youll al
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Posted on February - 12 - 2012
– The major U.S. index futures are pointing to higher opening on Wednesday, with positive sentiment generated by China’s support to debt-strapped European nations lending support. Additionally, GDP report released from core eurozone nations were encouraging. Domestically, the results of a regional manufacturing survey released short while ago showed a bigger than expected expansion in manufacturing activity. Trading direction may also hinge on a few more first-tier data scheduled to be released over the course of the session and any potential developments on the Greek debt front.
U.S. stocks spent much of Tuesday’s session below the unchanged line before closing nearly flat. The weakness seen for most of the day came amid the release of a lukewarm headline retail sales number and the ongoing anxieties about the situation in Greece.
The major averages opened lower and moved roughly sideways below the unchanged line.
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Posted on February - 10 - 2012
Five Tips
If you plan to pay your bills off within the timeframe of the offer, you may want to consider it. If you usually carry a balance or pay bills late, a balance transfer is probably not for you.
Here are five tips to keep in mind interest rates, fees, terms, impact on your credit, and conduct research.
1. Review the interest rate(s) charged by this card. What does the introductory rate include – transfer amount, new purchases and/or cash advances? Some may only include the balance transfer. The others may carry a different rate. What are you charged after the introductory rate is over? Most are at prime plus a margin.
2. Consider the fees charged by the issuer. What fees are charged for the card such as annual fee, balance transfer, over-the-limit fees, late fees and minimum finance charge? If you have to pay additional fees, it is probably not a good deal.
3. Pay a
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Posted on February - 09 - 2012
The New York Empire manufacturing index remained negative in July, but contracted at a slightly slower pace than in June. However, the new orders component fell to –5.45, which did not bode well for the near future. The Philadelphia Fed index returned into positive territory in July, but important subcomponents also deteriorated, and the later released national ISM manufacturing index also fell sharply to 50.9. We expect both regional indicators to be at 0.0 in August, implying no expansion in manufacturing.
The NAHB index of homebuilders’ sentiment improved by 2 points to 15 in July. As expectations for future sales increased sharply by seven points, we predict that the NAHB index will have risen again by one point to 16 in August. However, levels below 50 indicate that more builders see conditions as bad rather than good.
Housing starts jumped by 14.6% mom in June, exceeding expectations of a slight increase by far. Bui
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Posted on February - 05 - 2012
WASHINGTON – In a speech on the Senate floor today, U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, outlined his opposition to the President’s request to increase the debt limit by $1.2 trillion, pushing the national debt to nearly $16.4 trillion.
“We are on the edge of the cliff. And it is time to carefully, but deliberately, take a few big steps back. Rates may be low today, but they can turn on a dime. And, when they do, the outsized federal government that we currently have will suddenly be exposed as unaffordable. And when that day comes, our creditors can go on strike as quickly as they have in Europe,” said Hatch.
“Last summer we got a taste of what is to come when we received the first downgrade of U.S. sovereign debt in history from a major credit rating agency,” Hatch continued. “Americans can never be allowed to forget that this downgrade occurred under, and because of, this Administration’s fiscal stewardship. We cannot risk wha
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