Tag Archive: Travel

The 20 Best Neighborhoods in Salt Lake City in 2021

What started as a pioneer settlement has now grown into one of the most desirable cities in the western United States. Salt Lake City is one of, if not the best places to live in Utah. Due to recent events and changes in the remote work environment, crowds are flocking to the valley to take up permanent residence and it’s also quickly becoming a hub for tech companies.

While there truly isn’t a terrible place to live in the city, some areas are better than others when it comes to shopping, dining, architecture, views and a few other factors. Here are the best neighborhoods in Salt Lake City to give you an idea of what most residents enjoy about where they live.

Salt Lake City.

The Avenues

Potentially the most desirable neighborhood in Salt Lake, The Avenues have a little bit of everything. It’s nestled in the northeastern corner of the valley, offering great views of the city. Plus, its charming historic homes and family-owned restaurants create a quiet, quaint atmosphere.

Since it’s just at the foot of the mountains, there are plenty of hiking trails literally at your doorstep. There are many parks and walkable areas, perfect for anyone wanting an active lifestyle or who has pets that like spending time outdoors.

Sugarhouse

Full of unique restaurants, bars and coffee shops, Sugarhouse is a lively neighborhood where you’ll never be bored. With the University of Utah and Westminster close by, many students live in the area. However, there’s also a mix of established families and young professionals in the area.

Sugarhouse is walk- and bike-friendly. Most major roads have bike lanes and wide sidewalks to keep them safe for bikers and pedestrians. Plus, everything you could ever need is within walking distance. Whether you’re looking for groceries, boutiques or a cool cafe to spend the afternoon in, it’s close by.

Capitol Hill in Salt Lake City, Utah.

Capitol Hill

Capitol Hill, named for its location around the state capitol building, tends to attract many young professionals. It has plenty of parks for outdoor enjoyment and bars for indoor entertainment and mingling.

The homes and apartments in this neighborhood are mostly older buildings that have gone through renovations. While the buildings maintain their original charm, so you’ll see that they have a clean, modernized touch. Capitol Hill also has some of the most incredible views of the city, overlooking the entire valley. Notably, it has views of downtown and Temple Square. This view is especially stunning during the winter holidays, the Fourth of July and the local Pioneer Day celebrations.

Downtown

Salt Lake City’s most active area is certainly Downtown. There are more restaurants, cafes, bars than anyone could probably visit in their lifetime. There’s also great shopping—anything from small boutiques to large commercial shopping centers.

Many people both live and work downtown, often walking, biking or taking the UTA TRAX whenever they need to get somewhere. In fact, the downtown area has some of the best walk, bike and overall transit scores in the valley. Its walk, bike and transit scores are 87, 93 and 69, respectively. So owning a car is purely optional for residents here.

9th and 9th

The coveted 9th and 9th neighborhood is a well-known shopping and eating hangout. Filled with boutiques and delicious restaurants, it has a very calm, leisurely feel to it. The relaxing vibe is partially created by the amazing art that is around every corner. The other great part of 9th and 9th is the fun people you can find behind every door.

Homes in this area seem a little on the small side, but they’re both funky and chic. Pulling from the old architecture of original houses built in the early 1900s, the homes mix in newer stylings to stay modern.

Salt Lake City.

Yalecrest

Yalecrest initially attracts students who are attending school across the street — at the University of Utah. But once they finish their studies, they end up staying years after the fact. Its easily walkable streets are very safe. And the neighborhood has enough local stores and restaurants that owning a car isn’t necessary for day-to-day life. Plus, it’s near the UTA TRAX and bus lines in case you do need to travel further.

If you’re a fan of Tudor-style architecture, Yalecrest is a visual treat. It’s not a typical cookie-cutter suburb — it’s full of unique homes of all designs, complete with brick and exposed wood beams.

East Bench

The East Bench neighborhood is known for its unobstructed views stretching all the way over to the Great Salt Lake. The neighborhood is over the side of the eastern mountains lining the valley. While many of its residents are older and more established, there are also many younger families taking up residency.

East Bench is further away from the busy city, but it’s still close to everything you could need. It’s also only a 10-minute drive to downtown, where there’s great entertainment and food. Residents are out of the constant city bustle but they still enjoy the city perks.

Temple Square in Salt Lake City.

Temple Square

At the heart of downtown Salt Lake, Temple Square and the surrounding streets are surprisingly calm and kept very neat and tidy. Many members of the Church of Jesus Christ of Latter-Day Saints live and work in the area (depending on what you’re after, this could be a pro or a con).

You’ll find lots of church history museums, along with other church-owned properties. Such properties include a large tabernacle, a conference center, and, of course, the Salt Lake Temple. The area is very walkable and near lots of public transportation, including the UTA TRAX and FrontRunner.

Sugar House Park

Perhaps the best park in Salt Lake, Sugar House Park is not only big, but it’s beautiful. It boasts beautiful views of the mountains, lots of trees, a pond and various sports courts.

The Sugar House Park neighborhood is also near a large shopping and dining center right off the freeway. Everything is at your fingertips and it makes owning a car unnecessary.

Westminster

As its name suggests, the Westminster neighborhood surrounds Westminster College. It’s no surprise that there are many students living in the area. However, students aren’t the only ones enjoying the neighborhood.

Being so close to a shopping and dining hub, this neighborhood draws in the crowds. Here, you can enjoy good food and fun bars, many of which have classic bar games like pool and darts. You’ve also got a few parks nearby. Liberty Park is one of the best, there’s always an event happening and you can catch live music, markets and festivals.

The Country Club

Right off the freeway at the mouth of Parley’s Canyon, The Country Club is a classy neighborhood full of larger homes. By “larger homes,” we mean in comparison to the other smaller historic homes typically found in Salt Lake.

This neighborhood encircles a large country club with a golf course. Many of its residents fall under the “well established” category of older folks who have done well for themselves. You won’t find better-kept homes or yards anywhere in the valley and even strolling through the streets is a treat in and of itself.

Salt Lake City neighborhood.

Highland Park

Highland Park is a fun, eclectic area with a combination of shopping and dining like you’ve never seen before. Instead of boutiques and chain restaurants, you’ll find the likes of stores selling plants, yard decor and secondhand books, along with classic Dutch and Greek cuisine.

It is truly a one-of-a-kind neighborhood that transports residents and visitors to different places and times. However, if that’s not your cup of tea, you’re right off the freeway and less than 15 minutes from downtown.

East Central

Sandwiched between downtown and the University of Utah, East Central is home to many young residents. Many of those living here are attending school or just starting out in their careers. Walking is a reasonable mode of transportation and you’ll find not only everything you need to live nearby but the added benefits of concerts, live theater shows and museums.

Those living in East Central are in it for both work and play, and you’ll find a good community of social beings there.

Wasatch Hollow

The mellow, tree-lined streets of Wasatch Hollow are home to a wide range of people of all ages and various backgrounds. This neighborhood has a close sense of community, where people live for a long time and watch out for each other.

There are plenty of parks for taking a walk or spending a nice afternoon. And the many coffee shops scattered throughout the streets provide a place to meet other locals, see art from up-and-coming artists and experience live music.

This Is The Place Heritage Park.

Sunnyside East

Like East Bench, Sunnyside East has amazing views across the valley to the Great Salt Lake. However, it is slightly more secluded. This neighborhood contains the Hogle Zoo and This Is The Place Heritage Park, where you can attend various events all year long, including holidays — such as Zoo Lights and a German-style Christmas market.

Because it’s further from things, you’ll likely need a car if you live here. But the proximity to multiple hiking trails and stunning views of both the mountains above and the city below are worth the trade-off.

Bonneville Hills

Adjacent to the Bonneville Golf Course, Bonneville Hills is in a prime location near just about everything. It’s only a few minutes from downtown, the University of Utah, the Hogle Zoo, This Is The Place Heritage Park, restaurants, bars, cafes, shopping — you name it and it’s within reasonable walking distance or a short drive.

Although it’s reasonably close to the University of Utah, residents of the neighborhood include families and young professionals, with only a few students in the mix.

Park in Salt Lake City, UT.

Central City

Central City is full of young professionals who bring a vibrant, artistic vibe with them. Here you’ll find loads of indie coffee shops and cafes, many of which have extraordinary menus that cater to the residents of the neighborhood.

Because Central City is near downtown, there are many opportunities to experience live performances of all kinds, whether it’s music or comedy, and there’s lots of local art displayed in coffee shops, painted onto buildings and in galleries throughout the city.

Liberty Wells

With a good mix of young, old and everything in between, you’ll meet people from all walks of life in Liberty Wells. It’s also close to just about everything and has been seeing lots of improvements throughout the neighborhood, including new apartment buildings to provide housing for even more people in the area.

And although new buildings are popping up, there are still plenty of the old ones still standing, providing a good balance between vintage and modern architecture. Like many other neighborhoods in Salt Lake, Liberty Wells doesn’t lack food, drink or good company.

University District

Tucked in the eastern corner of Salt Lake, just inside the hills is the University of Utah and the University District. While many students live in this area, there are also residents who work at the University of Utah. Those working for the University include a wide range of careers, not just teaching — there’s a hospital and various research centers connected to the university.

While you’re slightly further away from most shopping and dining, it’s just a few minutes down the road if you’re ever in the mood for it.

Red Iguana in Salt Lake City, UT.

Photo source: The Red Iguana Restaurant / Facebook

Fairpark

Fairpark is one of the more culturally diverse neighborhoods in Salt Lake City and with that comes some of the best culturally diverse restaurants in the valley. It’s home to one of the city’s most well-known restaurants, the Red Iguana, which is typically packed most evenings, but well worth the wait!

Apart from the food, Fairpark is near the heart of the city, so entertainment and nightlife are never far, and it’s near the freeway, giving access to anywhere else around Salt Lake, including ski resorts and hiking trails.

Which Salt Lake City neighborhood fits you?

These are only a few of the many neighborhoods in Salt Lake City and each of them has its own unique combination of offerings to residents. It’s important to choose a neighborhood that fits your personality and lifestyle, whether you’re buying a home for the long term or renting an apartment for a shorter period. With so many great options, you can find apartments for rent in Salt Lake City in a neighborhood that suits you!

The post The 20 Best Neighborhoods in Salt Lake City in 2021 appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

4 Credit Cards with No Spending Limit

Life can be unpredictable, and you never know exactly what you may need to spend money on tomorrow. In these situations, you may suddenly need more spending power on your credit cards than you previously anticipated. Fortunately, there are credit and charge cards that allow you to make the charges you need.

If your credit score is good enough, you might be able to score an “unlimited credit card”—one without a preset spending limit. That’s not a free pass to go on a months-long shopping spree, of course, as these credit cards technically do have some limitations. But they can be a flexible way to manage your finances, especially if you manage large monthly expenses or travel a lot. Find out more about credit cards with no limits below and whether one might be right for you.

What a No Limit Credit Card Really Means

The phrase “no limit credit card” is a bit misleading. Technically, all credit cards have limits. It’s not in the interest of lenders to allow card holders to drive up balances with no end in sight.

When people talk about unlimited credit cards, then, they usually mean one of two things. First, they could mean a credit card with a very high limit—one you’d be unlikely to hit in the normal course of spending if you’re regularly paying off the card. These types of cards include exclusive invitation-only “black cards.”

Second, and more commonly, they mean cards with no preset or published limits. Cardholders on these accounts are given a limit that’s unique to them, and it’s based on factors such as creditworthiness, income, and how long you have had an account. The credit limit might even fluctuate as you demonstrate continued or increased creditworthiness.

How to Determine if No Limit Credit Cards Are Right for You

Typically, these cards require good or excellent credit, so they aren’t something everyone can qualify for. The most exclusive cards with no preset spending limits are available only to individuals who receive an invite.

Cards with especially high credit limits or extremely flexible limits may also not be the right choice for someone who is in financial distress or already struggling to manage debt. It’s an unfortunate paradox that if you really need the larger credit line, you might be at greater risk of running up the credit card balance and digging yourself deeper in debt—and therefore unlikely to be approved for the larger credit line.

Need a card for fair or poor credit? We’ve got you covered.

Find a Card

Alternatives to No Limit Credit Cards

If you don’t have great credit, you might want to consider a different option, such as a balance transfer card. If your credit is good enough, you can get a balance transfer card with a preset limit that lets you transfer high-interest debt and pay it off faster at 0% interest for a specific period of time.

If you’re doing well financially and would like the flexibility of a credit card with a high limit without the temptation of ongoing debt, you might consider a charge card. Charge cards are a type of credit card—often with high limits—that you have to pay off each billing cycle.

4 High Limit or No Limit Credit Cards to Consider

If a high limit card does sound like a good idea, you’ll want to research available options and choose the best one for your needs and preferences. Here are four to consider.

1. Chase Sapphire Preferred

Chase Sapphire Preferred® Card

Apply Now

on Chase’s secure website

Card Details
Intro Apr:
N/A


Ongoing Apr:
15.99% – 22.99% Variable


Balance Transfer:
15.99% – 22.99% Variable


Annual Fee:
$95


Credit Needed:
Excellent-Good

Snapshot of Card Features
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.

Card Details +

  • Type: Rewards credit card
  • Credit Needed: Excellent,Good
  • Ongoing APR: 15.99% – 22.99% Variable
  • Signup bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.. That’s $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • Rewards: 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide
  • Annual fee: $95

Once you’re approved for the Chase Sapphire Preferred card, Chase will designate a credit access line for your account. However, you are permitted to exceed the account on a case-by-case basis. And when you do exceed this amount, you will not be charged an over-limit fee. The decision to allow you to charge beyond your credit access line is based on your payment history, your income, and other factors.

2. American Express® Gold Card

American Express® Gold Card

Apply Now

on American Express’s secure website

Card Details
Intro Apr:
N/A


Ongoing Apr:
See Pay Over Time APR


Balance Transfer:
N/A


Annual Fee:
$250


Credit Needed:
Excellent-Good

Rates and Fees

Snapshot of Card Features
  • Rose Gold is back. You can now choose between Gold or Rose Gold.
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.
  • Earn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery, plus, earn 4X points for Uber Eats purchases too.
  • Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • $120 Uber Cash: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.

Card Details +

  • Type: Rewards
  • Credit Needed: Excellent,Good
  • Ongoing APR: See Pay Over Time APR
  • Signup bonus: 60,000 Membership Rewards® points if you spend $4,000 on eligible purchases with your new card within the first 6 months.
  • Rewards: Earn 4X Membership Rewards® points at U.S. supermarkets or at restaurants, including takeout and delivery, and 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Annual fee: $250

The American Express® Gold card is a card with a high-limit. With its Pay Over Time feature, this Amex card allows eligible charges of $100 or more to be carried across statements with interest. Other charges are due each month. You also get up to $120 in dining credits a year by earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.

3. Mastercard Black Card

Mastercard® Black Card™

Apply Now

on Luxury Card’s secure website

Card Details
Intro Apr:
N/A


Ongoing Apr:
14.99%


Balance Transfer:
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening. After that, your APR will be 14.99%.


Annual Fee:
$495 ($195 for each Authorized User added to the account)


Credit Needed:
Excellent

Rates and Fees

Snapshot of Card Features
  • Patented black-PVD-coated metal card—weighing 22 grams.
  • 2% value for airfare redemptions with no blackout dates or seat restrictions. 1.5% value for cash back redemptions. Earn one point for every one dollar spent.
  • 24/7 Luxury Card Concierge®—available by phone, email and live mobile chat. Around-the-clock service to help you save time and manage tasks big and small.
  • Exclusive Luxury Card Travel® benefits—average value of $500 per stay (e.g., resort credits, room upgrades, free wifi, breakfast for two and more) at over 3,000 properties.
  • Annual Airline Credit—up to $100 in statement credits toward flight-related purchases including airline tickets, baggage fees, upgrades and more. Up to a $100 application fee credit for the cost of TSA Pre✓® or Global Entry.
  • Enrollment in Priority Pass™ Select with access to 1,300+ airport lounges worldwide with no guest limit. Includes credits at select airport restaurants for cardholder and one guest.
  • Cell phone protection for eligible claims of up to $1,000 each year. Plus additional World Elite Mastercard® benefits.
  • Annual Fee: $495 ($195 for each Authorized User). Terms and conditions apply.

Card Details +

  • Type: Rewards/Cash Back
  • Credit Needed: Excellent
  • Ongoing APR: 14.99%
  • Sign up bonus: n/a
  • Rewards: Earn redemption cash back in the value of 2% if you redeem on airfare or 1.5% if you redeem for cash back.
  • Annual fee: $495 ($195 for each Authorized User added to the account)

One of three products offered by Luxury Card, the Mastercard Black Card is truly luxurious. There is no official minimum starting limit for this card—but that flexibility comes with a cost. The annual fee is steeper than many can afford, but the card comes with $100 in airline credit and $100 in TSA Pre-check application credit every year, Exclusive luxury travel perks, and around-the-clock access to a concierge. It also includes a full range of traveler perks. Coupled with the rewards, this card can pay for itself when used by frequent travelers.

4. American Express Blue Cash Preferred Card

Blue Cash Preferred® Card from American Express

Apply Now

on American Express’s secure website

Card Details
Intro Apr:
0% for 12 months on purchases


Ongoing Apr:
13.99%-23.99% Variable


Balance Transfer:
N/A


Annual Fee:
$95


Credit Needed:
Excellent-Good

Rates and Fees

Snapshot of Card Features
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • $95 Annual Fee.
  • Terms Apply.

Card Details +

  • Type: Cash Back
  • Credit Needed: Excellent,Good
  • Ongoing APR: 13.99%-23.99% Variable
  • Sign up bonus: Earn a $250 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • Rewards: 6% cash back at U.S. supermarkets and some streaming services, up to $6,000 per year, then 1%; 3% cash back when spending at gas stations or on public transit; and 1% cash back on other purchases.
  • Annual fee: $95

The American Express Blue Cash Preferred® card comes with a lot of standard Amex benefits. There’s no overlimit fee, and its “Plan It” features allow you to create monthly payment plans with a fixed finance charge each month, rather than the ongoing APR.

No Limit Credit Cards and Your Credit Score

Paying on time and keeping your balance low is as important with these types of cards as with any other card. But you also need to consider your revolving credit utilization. Since these cards may not have a set or published limit, it’s important that you understand what the actual limit is and how it’s being reported. Check your credit report to see what limit is being reported so you know whether your credit utilization is high. Charge cards may not affect your utilization rate at all.

If you really want to dig in to your credit reports and the factors affecting your credit scores, consider signing up for ExtraCredit. ExtraCredit lets you access this information from all three credit bureaus whenever you want. That helps you best manage all of your debt, whether you have an unlimited credit card or not.

Sign Up Now

At publishing time, the Chase Sapphire Preferred, American Express Gold, Mastercard Black, and American Express Blue Cash Preferred cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for either of these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post 4 Credit Cards with No Spending Limit appeared first on Credit.com.

Source: credit.com

What Is Cash Back?

What Is Cash Back?

Cash back is a rewards benefit that many credit cards offer to cardholders. By taking advantage of it, you’ll receive back a prespecified percentage of certain purchases you make. Many credit card companies will provide higher cash back rates on certain types of purchases, such as airfare, gas, food and more. Cash back is just one way that credit cards offer rewards, as mileage and points are some alternatives.

Before you spend too much money with your credit cards, make sure you have a financial plan in place. Speak with a financial advisor today.

What Is Cash Back?

The most commonly recognized style of cash back is what you have likely seen advertised as cash back credit cards. This specifically refers to earning a certain percentage of your credit card purchases back as cash rewards. However, cash back rates vary widely, as do the categories that they apply to.

You usually won’t see credit card cash back rates higher than 5%, while 1% is the typically minimum you will earn. Cash back categorization is significantly more complex though, with a merchant category code (MCC) system being the main organizing force.

MCCs run the entire cash back industry, as they ultimately decide how each purchase you make is classified. These designations coincide with cash back rates set by the issuer of your card. For example, you could use your card for a $50 dinner at a steakhouse, which has a “restaurant” code. If your card offers a 2% cash back rate on all spending at restaurants, you’d earn $1 cash back.

Familiar alternatives to cash back include point- and mile-based programs, though many cardholders are partial to cash back. Cash back affords cardholders an independence that is ideal, since you can redeem it for nearly anything.

Popular Cash Back Credit Cards

What Is Cash Back?

Discover, American Express, Mastercard and Visa all have cash back rewards credit cards available for prospective cardholders. Each abide by their own set of regulations, though card issuers decide on cash back rates, promotions and bonuses. Chase, Wells Fargo, Citi and Capital One represent some of the most active card issuers on the market today.

Below are a few examples of what you can expect to earn when looking for a cash back credit card:

Cash Back Credit Cards Card Name Cash Back Rates Cash Back Bonus Costco Anywhere Visa Card by Citi 4% cash back on eligible gas up to $7,000 per year, 3% cash back on eligible travel and restaurants, 2% cash back in-store and online with Costco and 1% cash back elsewhere None Bank of America® Cash Rewards credit card 3% cash back in a category of your choosing, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases (up to a quarterly cap of $2,500 in combined grocery/wholesale club/choice category purchases) $200 bonus cash back for spending at least $1,000 over your first 90 days Capital One® Quicksilver® Cash Rewards Credit Card Unlimited 1.5% cash back everywhere $150 cash back bonus when you spend $500 during your first three months Citi Double Cash Card 1% cash back on your purchases and another 1% cash back when you pay your bill None Capital One® Savor® Cash Rewards Credit Card Unlimited 4% cash back on dining and entertainment, 2% cash back on groceries and 1% cash back elsewhere $300 cash back bonus for $3,000 spent over your first three months TD Cash Visa® Credit Card 3% cash back on dining, 2% cash back at supermarkets and 1% cash back on everything else Earn $150 cash back when spending $500 within the first 90 days (See Terms) USAA Preferred Cash Rewards Visa Signature Unlimited 1.5% cash back on everything None Blue Cash Everyday Card from American Express 3% cash back on up to $6,000/year at U.S. supermarkets (then 1%), 2% cash back at U.S. gas stations and select U.S. department stores and 1% cash back on other purchases $150 bonus cash back for spending $1,000 over your first six months Getting Cash Back at Retailers

What Is Cash Back?

Picture this: you’re buying some groceries on a Sunday morning, but know you’ll need $40 cash to fill up your car with some gas later. You could swipe your debit card at the supermarket and then head over to the ATM. Or you could ask for cash back right from the cashier, eliminating the extra errand.

The above situation represents the alternative definition of cash back. It’s ultimately the use of a cash register as if you were swiping your debit card at the ATM. When you request cash back from a cashier, your bank account will be charged the amount you asked for. This enables the funds to be pulled from your account so the cash can be placed in your hand.

Although this generally only applies to debit cards, there are a few exceptions for credit cards. Discover® allows cardholders to ask for cash back at more than 50 large retail stores without a transaction fee.

Bottom Line

There are many benefits to utilizing credit card rewards programs. But spending money that technically isn’t yours will always involve some level of risk. If you’re in good financial shape, though, cash back and other types of credit card rewards can help you take more vacations, save money on purchases and more.

Credit Card Tips

  • Managing your credit cards and any debt you accumulate using them is a major part of your long-term financial outlook. Consider working with a financial advisor to make sure you’re managing your money with your goals for the future in mind. SmartAsset’s free matching tool can connect you with up to three advisors in your area. Get started now.
  • If you’re someone who wants freedom when spending credit card rewards, you may prefer cash back to a points- or mileage-based reward system. However, keep in mind that cash back rates are sometimes less than those in point-centric programs.

Editorial Note: This content is not provided by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the issuer.

Advertiser Disclosure: The card offers that appear on this site are from companies from which SmartAsset.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SmartAsset.com does not include all card companies or all card offers available in the marketplace.

Photo credit: ©iStock.com/SIphotography, ©iStock.com/MJ_Prototype, Â©iStock.com/Juanmonino

The post What Is Cash Back? appeared first on SmartAsset Blog.

Source: smartasset.com

Make the most of an online shopping bonus category

The Bank of America® Cash Rewards credit card made waves in early 2019 when it started offering cardholders the option to earn cash back on online shopping purchases. It’s still one of the only credit cards that rewards online shopping purchases so broadly. However, there are plenty of cards that reward online purchases from specific retailers or types of retailers.

With so many products available online, this can be a very lucrative bonus category. Whether you want to earn cash back on your grocery delivery or on your boutique hauls, you have plenty of credit cards to choose from.

But how exactly does an online shopping bonus category work? By understanding just how this bonus category works and what purchases qualify, you can get more out of your rewards card and boost your earning potential.

See related: The best credit cards for online shopping

How online purchases are identified

When a merchant or card processor sends a transaction to your credit card issuer, it is identified in a few different ways. Each merchant is assigned a merchant category code (varies by card network), to help issuers recognize which category your purchase falls under. But the transaction information is also classified as being made online or in-person.

If a transaction is noted as being made online, your issuer can then check the merchant category code to ensure the purchase meets any restrictions. Then, you receive any bonus points or cash back.

Which purchases count toward an online shopping bonus?

shopping portals offer points or cash back for making purchases at your favorite store through their link. By using one of these sites to make your online purchases, you can earn airline miles, hotel points or cash back on top of credit card rewards.

Pay using a merchant app

If you frequent merchants such as Starbucks that allow you to pay through their app, use this option whenever possible to rack up online shopping bonus category rewards on in-person purchases. You may also double-up on rewards this way by earning both credit card rewards and loyalty points with the retailer.

Use a cash back or rebate program

Cash back programs like Ibotta and Rakuten can help you squeeze every bit of cash back out of a single purchase. Each program works differently, but most allow you to shop online or within a mobile app, where you can browse cash back deals with specific retailers.

If you use your credit card to make a purchase through one of these programs, you can earn cash back twice – once with your credit card issuer and once with the cash back program.

See related: Our guide to the best cash back and rebate apps

Keep a close eye on your card’s terms and conditions

Each issuer has its own set of restrictions for which purchases qualify as online shopping. To make sure you aren’t missing out on rewards, check your credit card’s terms and conditions regularly and note any changes.

Cards that offer an online shopping bonus category

A few cards offer bonus points or cash back on online shopping, including the Bank of America Cash Rewards card.

Bank of America Cash Rewards card
Bank of America® Cash Rewards credit card
Rewards rate
  • 3% cash back on a category of choice (gas, online shopping, dining, travel, drug stores or home improvements and furnishings)
  • 2% cash back on groceries and wholesale club purchases
  • $2,500 combined limit on 2% and 3% categories each quarter
  • 1% cash back on other purchases
Sign-up bonus $200 online cash rewards if you spend $1,000 in first 90 days
Annual fee $0
Estimated yearly rewards value ($1,325 monthly spend) $309

The Bank of America Cash Rewards card also allows cardholders to change their 3 percent bonus category once per calendar month. So if you spend more on online shopping one month, but will spend more on dining the next, you have the flexibility to adapt your rewards as your spending changes.

Bottom line

When it comes to credit card rewards bonus categories, online shopping is one of the most flexible options out there. By understanding which purchases rake in points and cash back, you can get even more out of your card.

See related: How merchant category codes can help you leverage card rewards, Bank of America Cash Rewards cardholders can now choose how they earn rewards

Source: creditcards.com

We Want a Diverse Area With Moderate Population, Warm, Beach and Culture—So Where Should We Retire?

Gulfport, FLCourtesy Visit St. Pete/Clearwater

Dear MarketWatch,

We are African-Americans and want to retire to a diverse area with moderate population, warm, beach, culture. We can afford a better-than-average lifestyle and want to feel accepted in our new community — hopefully somewhere with high walkability and homes with character. And maybe near a major airport…. for lots of traveling.

Let me know what you come up with. Thanks.

— Jennifer

Dear Jennifer,

We all know there are plenty of beach towns in the U.S., but finding one with personality is a bigger challenge.

I’m going to leave out some obvious places, like Miami Beach and, though less diverse, Hilton Head. On the West Coast, no Southern California. Too obvious. Plus, while you can afford a better-than average lifestyle, home prices there are so high that they could hamper your travel budget. The same goes for Sag Harbor and the Hamptons more broadly (plus you’d still have winter on Long Island).

Instead, I’ll look for some off-the-beaten path possibilities. I’m sure readers will have their own suggestions.

As always, explore the area in all seasons, and be realistic about the retirement budget. When you find your dream place, ask which areas are susceptible to flooding during hurricanes and other storms.

A street in the historic district of Wilmington, NC
A street in the historic district of Wilmington, NC

Courtesy Wilmington and Beaches Convention & Visitors Bureau

The Atlantic: Wilmington, North Carolina

Check out the Cape Fear region, which includes Wilmington as well as beach towns like Carolina Beach and the more upscale Wrightsville Beach.

Wilmington is growing quickly and at 123,000 people has more than half of New Hanover County’s population. The share of those 65 and older are roughly in line with the U.S. average. Look for a place where you’ll catch a breeze off the Intracoastal Waterway or the ocean to counter the summer humidity — so not too far inland.

You’ll have no shortage of cultural offerings, starting with Thalian Hall, the Cameron Art Museum and the Wilson Center. The University of North Carolina Wilmington, which has 17,000 students, lets those 65 and older audit classes for free, while its Osher Lifelong Learning Institute offers shorter courses to those 50 and older.

Be sure to explore the Gullah Geechee Cultural Heritage Corridor, which stretches from Wilmington to Jacksonville, Fla., and is home to cultural groups descended from enslaved peoples from West and Central Africa. Poplar Grove Plantation is one local site.

Winter days get into the 50s, with average lows in the 40s. Average highs in July are in the 80s.

Here’s what’s on the housing market now in Wilmington and in New Hanover County using Realtor.com (which, like MarketWatch, is owned by News Corp.).

As for travel, while Wilmington has an airport, you’ll have more choices flying from Raleigh two hours away.

———

Gulfport, FL, is next to St. Petersburg.
Gulfport, FL, is next to St. Petersburg.

Courtesy Visit St. Pete/Clearwater

The Gulf of Mexico: Gulfport, Florida

Florida’s popularity with retirees is no secret, in part because it’s affordable and has no state income tax. But all too often, home means living in a high rise or a gated community.

Gulfport, though, is described as how Key West was before it became overrun with tourists.

This town of 12,000, just west of St. Petersburg, is your artsy, funky, walkable spot in the middle of the Tampa Bay metro area and its 3 million people. You’ll also find plenty of retirees; 30% of Gulfport’s residents are 65 or older.

Gulfport comes with sunset views from its own (man-made) strip of sand over Boca Ciega Bay so, yes, it’s on the Gulf side of Florida but technically not on the Gulf of Mexico. But opposite the bay is St. Pete Beach, which gets raves from TripAdvisor (a local says head to the Pass-A-Grille section at the southern tip). When you tire of that, there are more white-sand beaches to sink your toes in, including Siesta Beach in Sarasota an hour south (and Dr. Beach’s pick in 2017 for best beach in the U.S.) as well as Caladesi Island State Park (No. 6 on Dr. Beach’s list this year) an hour north.

And if you just want to walk, don’t overlook the 45-mile Pinellas Trail that stretches from St. Petersburg to Tarpon Springs and goes through the northern edge of Gulfport.

For bigger getaways, there’s Tampa International Airport.

To get a sense of the local housing market, here’s what’s for sale now, again using Realtor.com.

As you explore the Tampa area, also check out Safety Harbor, a town of 18,000 on the western side of Tampa Bay with its own walkable downtown, and Dunedin (pronounced Duh-nee-din) north of Clearwater that’s also popular with retirees. You know there’s plenty of cultural offerings in a metro this size. One that might be easy to overlook: the Dr. Carter G. Woodson African-American Museum in St. Petersburg.

———

Waikiki, Honolulu, Hawaii
Overlooking Waikiki Beach

Christopher Ball/iStock

The Pacific: Oahu, Hawaii

If year-round pleasant weather is the priority, Hawaii can’t be beat. Average highs are in the 80s year-round, and average lows bottom out in the mid-60s. Of course there’s no shortage of beautiful beaches.

When you tire of water, take advantage of wonderful hiking opportunities. And while the focus of your international travels might shift toward Asia, you may want to spend more time just staying, discovering Hawaiian culture and exploring some of the national parks.

You admittedly won’t find a big population of African-Americans here, but Hawaiians have a much more open and fluid view of race and diversity than many of us on the mainland.

Start your search for your retirement life on Oahu Island. About a third of the island’s million residents live in Honolulu itself, one of the country’s most diverse and affluent cities and the birthplace of President Barack Obama. Curious about sites associated with him in some way? Here are even more.

You’ll find plenty of cultural offerings in Honolulu (including some of Hawaii’s best festivals, as voted by readers of Hawai’i Magazine), plus the state university (those 60 and older can audit classes for free).

There’s even Costco, if that’s your thing. Oh, and that Elvis statue…

Yes, there’s the cost of getting everything to Hawaii — some things will be even more expensive than parts of California. Here’s what the local housing market looks like.

If Honolulu is too pricey, consider some of the smaller towns on the island. Or check out the less-populated (and cheaper) Big Island, also known as Hawaii Island. Start with the Kalaoa area.

The post We Want a Diverse Area With Moderate Population, Warm, Beach and Culture—So Where Should We Retire? appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

How To Get The Most Out Of Your Auto Insurance Coverage

Recent data suggests that the average driver will spend close to $100,000 on car insurance over their lifetime. That’s a staggering sum of money, especially when you consider estimates that suggest Americans will pay over $500,000 in that time just to own, operate, and maintain a car.

$100,000 is a lot of money to spend on something that you may never benefit from, something that you’re only buying because your state authorities told you too. But while car insurance policies are essential, the amount that the average consumer spends on them is not.

In this guide, we’ll look at the ways you can save money on auto insurance premiums and get the most value out of this necessary expense.

Build Your Credit Report

Never underestimate the value of a high credit score and a clean credit report. Not only can it help when applying for a car loan, increasing the value of the car you can purchase and decreasing the interest rates you’re charged, but it will also reduce your car insurance rates.

There is no easy and quick way to turn a bad credit report into a good credit report, but there are a few simple changes you can make that could increase your score enough to make a difference. These include:

  • Stop applying for new lines of credit.
  • Become an authorized user on a respectable user’s credit card.
  • Increase credit limits on your active credit cards.
  • Pay off as much debt as you can, focusing on credit cards and personal loans first.
  • Don’t close your credit card accounts after clearing them.

If you don’t have any credit at all, which is true for many teen drivers getting behind the wheel for the first time, try the following options:

  • Credit builder loans
  • Secured credit cards
  • Lending circles

Choose Your Car Carefully

A new car is a great way to get a high-tech, customized vehicle, but it’s not ideal if you’re looking to save on insurance costs.

New vehicles cost more to insure because they are a greater liability, with more expensive parts and greater overall value. If you want to save on your auto insurance coverage, look for a car that is at least a few years old, has a number of safety features and a high safety rating.

The cheaper, the better, but only to a point. You want something that won’t leave you in complete financial ruin if it’s wrecked in a car accident and you don’t have the insurance to cover it, but something that won’t breakdown every few miles and leave you stranded and broke every other week.

Drive Safely and Prove Your Worth

Your driving record is just as important as your credit report, if not more so. The more at-fault accidents, traffic tickets, and insurance claims you have, the higher your car insurance rates will be.

A single conviction won’t last forever and the impact will eventually dissipate, so even if you have a few blemishes on your record now, just keep driving safely and you’ll be able to reap the benefits before long.

It takes time to prove your worth to insurance companies, but there are a few things you can do to expedite this process. The first is to take a defensive driving course. In some states and for some demographics (mostly seniors and young drivers), you’ll be offered a discount for completing one of these courses.

The next step is to consider a usage-based program. These are offered by most major insurance companies and can track your driving habits to determine what kind of driver you are. If you’re driving safe and doing very low mileage, you could start seeing some noticeable changes in just a few months. The majority of providers will even give you a discount just for signing up.

Pay Everything Upfront

Most policyholders pay their premiums monthly and it may seem like that’s the best thing to do. $100 a month seems infinitely more manageable than $1,200 a year. 

It is an attitude that many people have, and it’s one that often leads to debt and poor decisions.

Millions of Americans have credit card debt because a $200 monthly payment seems more achievable than a $5,000 payoff, even though the former carries a phenomenal interest rate. It’s also why countless first-time buyers rush into getting mortgages with small down payments and high-interest rates, even though doing so could mean they are paying twice as much money over the term.

Whenever you can benefit from making an upfront payment, do it. This is true for your loan debt and credit card debt, and it’s also true for your car insurance premiums.

Many insurance providers offer you an upfront payment discount of up to 5%. It doesn’t sound like much, but every little helps. If you have a $3,000 car insurance policy, that 5% adds up to $150. Add a few more discounts and you can save even more money and make an even bigger dent in your insurance rates.

Combine Policies and Vehicles

Insurance companies that offer multiple types of insurance tend to offer discounts when you purchase several products from them.

Known as multi-policy discounts or “bundling”, these offers are common with homeowners insurance and auto insurance, but they are also offered with renters insurance and life insurance.

You can combine several vehicles onto the same auto insurance policy, as well, saving much more than if you were to purchase separate policies.

These discounts are essential for multi-car households, but they are not limited to cars. Many insurers will also let you add boats, ATVs, motorcycles, and other vehicles onto the same policy.

Shop Around

Before you settle on a single policy, shop around, compare as many car insurance quotes as you can, try multiple different insurance options (uninsured/underinsured motorist coverage, comprehensive coverage, collision coverage) and make sure you’re getting the lowest rates for the best cover.

Too many drivers make the mistake of going with the same provider their friends or parents have; the same provider they have used for a number of years. In doing so, they could be missing out on huge savings. 

You could be forgiven for thinking that all providers offer similar rates and that the difference between them is minor. But regardless of your age, gender, and state, the difference between one provider and the next could be up to 200%!

Check if You’re Covered Elsewhere

Car insurance companies offer a number of add-ons and optional coverage options. These are enticing, as they cover you for numerous eventualities and some of them cost just a few dollars extra a month. But all of those dollars add up and could result in you paying much more than you need for cover you already have.

Roadside assistance is a great example of this. It will help you if you are stranded by the side of the road, assisting with services such as tire changes, fuel delivery, towing, and more. But if you have a premium credit card or are a member of an automobile club, you may already have that cover.

The same goes for rental car coverage, which is often purchased at the rental car counter. Although it has its uses, if you have an auto insurance policy, travel insurance, and a premium credit card, you’re probably already covered. In fact, many Visa credit cards offer this service completely free of charge when you use your Visa to pay the bill, but only if you reject the waivers sold by the rental car company.

Bottom Line: Best Auto Insurance Companies

​Car insurance coverage varies from state to state and provider to provider. There is no “best” company, as even the ones with consistently affordable rates will not be the best option in all states or for all demographics.

In our research, we found that GEICO was consistently one of the cheapest providers for good drivers, bad credit drivers, and even high risk drivers. GEICO also offers personal injury protection, collision insurance, medical payments, uninsured motorist coverage, and more, making them the most complete provider for the majority of drivers.

However, in some states, local farm bureaus come out on top, offering very cheap bodily injury liability coverage and property damage liability coverage, and giving policyholders a level of care and attention that they might not find with the bigger, national providers. USAA, which offers cheap car insurance to members of the military, also leads the way in the majority of states, but only for those who meet the criteria.

Simply put, there is no right insurance provider for you, just like there is no right coverage. That’s why it’s important to shop around, chop and change your coverage options, and don’t assume that any type of coverage or provider is right for you until you’ve looked at the numbers.

 

 

How To Get The Most Out Of Your Auto Insurance Coverage is a post from Pocket Your Dollars.

Source: pocketyourdollars.com

5 Reasons to Buy an Electric Car

5 Reasons to Buy an Electric Car

We’ve been hearing about electric cars for a while, but it sometimes seems that the only people who buy them are either very into being energy efficient or very wealthy. But there are a lot of good reasons for you to consider buying an electric car. They are good for the environment, but they can also be good for your pocketbook. And who doesn’t want to satisfy the demands of their conscience and their bank account at the same time?

Check out our cost of living calculator.

1. Electric cars help the U.S. with energy independence.

The United States spends about $300 billion importing oil into the country. That’s two-thirds of the U.S. trade deficit. Being dependent upon foreign oil leaves the United States more vulnerable to international problems and fluctuations in the supply of oil abroad.

2. Electric cars are more efficient. 

5 Reasons to Buy an Electric Car

With an electric car you never have to stop for gas. You can charge your electric car in your own garage overnight and be ready to travel wherever you want to go in the morning. In addition, you won’t be wasting any time or money buying snacks or pumping gas at the gas station.

3) You’ll likely save money.

Even though oil prices are the lowest they’ve been since 2008, electricity is still the less expensive option. Right now, if you purchase an electric car, recent data shows you will spend $3.74 worth of electricity to travel 100 miles. However, if you purchase a comparable car that uses gasoline, it will cost you about $13.36 to travel 100 miles. In addition, gas prices have a way of rising (or at least being unpredictable), so that journey of 100 miles can quickly get even more expensive for people with conventional cars.

4) You can get paid to buy an electric car .

5 Reasons to Buy an Electric Car

Right now, the federal government offers a tax credit that can reduce the cost of a new electric car by up to $7,500. That can effectively eliminate the cost difference between a gasoline-powered car and an electric car. Sometimes it can even make the cost of buying a gasoline-powered car more than the cost of buying an electric car. However, the tax credit offer might not last forever, so you might want to buy an electric car sooner rather than later if that’s an important factor for you.

Related Article: 3 Tips for Claiming the Energy Tax Credit

5) They’re Low Maintenance

With an electric car you’re not going to have to take your car to the mechanic as often. Although all cars may have problems, electric cars generally have lower maintenance costs than gasoline-based car. With an electric car you’ll also spend less time worrying about how to get by while your car is in the shop, or waiting around at the garage for the maintenance to be performed.

Bottom Line

You don’t have to be a hippie or a billionaire to opt for an electric car. There are advantages for anyone who takes relatively short car trips and has access to charging facilities.

Photo credit: Â©iStock.com/Anna Bryukhanova, ©iStock.com/Drazen Lovric, ©iStock.com/stockvisual

The post 5 Reasons to Buy an Electric Car appeared first on SmartAsset Blog.

Source: smartasset.com