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Capital One® VentureOne® Rewards Credit Card Review

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If you’re looking for a simple rewards structure, the offers solid flat-rate rewards that apply to all of your purchases. With a decent bonus offer and no annual fee, this is an ideal card for travelers who want to save on their next vacation without a litany of fees in the way. Plus, the 0% for 12 months intro APR period for purchases (then ongoing 13.49% – 23.49% (Variable)) gives you some cushion if you are planning a trip that’s a little outside of your budget.

What we like about the Capital One® VentureOne® Rewards Credit Card

  • No annual fee: The lack of annual fee means you won’t have to figure out a way to neutralize the cost of using your card. Instead, you can simply enjoy the perks and earn without a fee eating into your reward miles.
  • No foreign transaction fee: Cardholders can travel abroad without the 3% foreign transaction fee. While a 3% fee doesn’t seem like a lot, it can add up if you’re spending more than usual on vacation.
  • Flat-rate rewards: Cardholders never have to monitor rotating rewards categories or activate rewards. Simply use your card to earn 1.25x miles per dollar on every purchase.
  • Sign up offer: Earn 20,000 bonus miles after spending $1,000 on purchases within the first three months of account activation.
  • Intro APR period: Enjoy 0% APR for the first year, then 13.49% – 23.49% (Variable), so you don’t have to pay interest if you have a revolving balance.

Things to consider

  • Better rewards rates available: Travelers and savvy savers looking to maximize rewards will find better rewards elsewhere.
  • Lower cash back value: If you want to redeem your miles for cash back, this option has a lower redemption value. You’ll get the most bang for your buck if you redeem your miles for travel rewards.
  • Not great for big spenders: Tend to spend lavishly on your credit card? You’ll be able to maximize your rewards on a card with a higher earning potential.

Travel rewards details

cardholders earn unlimited 1.25x miles per dollar on everything, and the points never expire as long as the account is active. The biggest benefit of this card is the ability to transfer miles to any of Capital One’s travel partners. By applying your miles, you can significantly reduce the cost of flights, hotels and other travel expenses.

Cardholders can also benefit from a range of other travel perks like travel accident insurance, 24-hour travel assistance services, auto rental damage protection and security alerts.

Fee details

Although the Capital One® VentureOne® Rewards Credit Card has no foreign transaction fee or annual fee, there are other costs to consider that may impact the card’s usefulness. If you’re planning to transfer a balance, for example, you can expect to pay 3% of the balance transferred over to your card.

For late payments, you’ll pay a penalty fee of up to $39. And if you need a cash advance, it will cost you $10 or 3% of the amount of each advance, whichever is greater. With all things considered, this card is light on fees as long as you make your payments on time.

How does it compare to other travel credit cards?

The boasts no annual fee, but there are other travel rewards cards with no annual fee with better features. For those who are fee-averse, the card has no annual fee and you can earn 1.5x miles per dollar on all purchases. Plus, Discover will match all the miles you’ve earned at the end of the first year automatically. If you can handle a fee in exchange for bigger earning potential, you might also want to consider the . It has a $95 annual fee after the first year, but it has a rewards rate that could give you more value in the long run.

Card Ongoing Purchase APR Annual Fee Intro Bonus Credit Needed Key features
13.49% – 23.49% (Variable) $0 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel Good to excellent 1.25X miles on every purchase
13.49% – 24.49% Variable $0 Discover will match all of your miles at the end of your first year, automatically Good to excellent 1.5x Miles for every dollar spent on all purchases
17.24% – 24.49% (Variable) $0 intro for first year; $95 after that 50,000 miles once you spend $3,000 on purchases within 3 months from account opening Good to excellent 2X miles on every purchase

The bottom line

The is a prudent choice for travelers who want simple, straightforward rewards. The flat rewards rate, sign up bonus and low fee structure are great features for travelers who want to cut expenses and earn points. But for those who are willing to invest a little more money, there are other travel cards that boast higher rewards rates and provide more value in the long run.

Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view a list of partners, click here. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser’s page for terms & conditions.

The post Capital One® VentureOne® Rewards Credit Card Review appeared first on The Simple Dollar.



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Finance

Best NRE FD Rates 2020 : All You Need To Know

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Non-Resident External or NRE Account can be a Savings, Recurring or Fixed Deposit Account where NRIs can deposit their foreign currencies which gets remitted to an Indian Account. An NRE account is held in Indian Rupees and is completely tax-free. In this article, we will discuss how you can select the best NRE FD and give you the best NRE FD rates in different banks in India.

NRIs cannot open a regular account that is designed for Indian Residents as per the guidelines by Foreign Exchange Management Act (FEMA) and this can attract huge penalties if breached. Also, no interest is earned if the account is closed within a year.

Benefits of an NRE FD Account

An NRE FD Account holder has the following benefits –

  • Both principal and interest earned are tax-free in India
  • Principal and interest earned are freely repatriable to account holder’s country of residence
  • High-Interest Rate
  • Can be opened jointly with other Non-Resident Indian(s)
  • Offers flexible tenures that may range from 1 year to 10 years

Best NRE FD Rates

Below is a table that compares NRE Account FD Rates across all the banks along with the tenures mentioned.

Name of the Bank Tenure
1 year 2 years 3 years 5 years
SBI 5.70% 5.70% 5.70% 5.70%
HDFC BANK 6.15% 6.15% 6.25% 6.15%
ICICI BANK 5.80% 5.80% 6.00% 6.00%
PNB 5.80% 5.80% 5.80% 5.80%
AXIS BANK 6.55% 6.65% 6.50% 6.50%
CANARA BANK 5.85% 5.85% 5.80% 5.80%
KOTAK MAHINDRA BANK 5.90% 5.90% 5.90% 5.50%
BANK OF BARODA 5.90% 5.90% 5.90% 6.15%
BANK OF INDIA 6.30% 6.25% 6.25% 6.25%
IDBI BANK 5.95% 5.85% 5.90% 6.10%
UNION BANK OF INDIA 6.75% 6.40% 6.40% 6.45%
FEDERAL BANK 6.15% 6.15% 6.25% 6.25%
INDUSIND BANK 6.65% 6.75% 6.75% 6.65%
YES BANK 7.25% 7.25% 7.25% 7.25%
CENTRAL BANK OF INDIA 5.70% 5.70% 5.70% 5.70%
INDIAN BANK 5.90% 5.80% 5.80% 5.80%
HSBC BANK 4.50% 5.00% 5.25% NA
CITIBANK 4.25% 4.25% 4.25% 4.50%
INDIAN OVERSEAS BANK 6.25% 6.30% 6.20% 6.20%
PUNJAB AND SIND BANK 5.85% 5.85% 5.85% 5.85%
UCO BANK 6.10% 6.10% 6.10% 6.05%
UNITED BANK OF INDIA 6.50% 6.25% 6.25% 6.00%
ORIENTAL BANK OF COMMERCE 6.25% 6.25% 6.25% 6.25%
DBS BANK 5.75% 5.75% 5.75% 5.75%

* IndusInd Bank provides this interest rate for 61 months and above. 

Small Finance Bank FD Rates

Our government has licensed some companies to operate as financial institutions, small finance banks for example. Though not a scheduled commercial bank, these institutes are very niche in operations Fixed deposit is one of the services offered by Small Finance Banks. Down below are some small finance banks that provide the best interest rates for an NRE FD Account.

Small Finance Bank Tenure/ FD Interest Rates
1 year 2 years 3 years 5 years
AU Small Finance Bank 7.00% 7.50% 7.77% 7.50%
ESAF Small Finance Bank 8.00% 7.75% 7.30% 7.30%
Equitas Small Finance Bank Limited 7.75% 7.45% 7.55% 6.75%
Suryodaya Small Finance Bank 8.00% 8.00% 8.25% 9.00%

Conclusion

We see that it is very tough to choose from, especially when each is better on its own. But there are certain factors you must keep in mind while going forward such as interest rate and a trustworthy long-term relationship with the bank. Also, you must check if the account can be operated from the country you live in right now. Some major banks have branches in countries like the USA, UK, and the Middle East.

The post Best NRE FD Rates 2020 : All You Need To Know appeared first on Compare & Apply Loans & Credit Cards in India- Paisabazaar.com.



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Coronavirus Stimulus Check 2020 [how much you’ll get & who qualifies]

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(The following is a transcription from a video I recorded. Please excuse any typos or errors.)

Quick little update for you.

The Senate and the White House reached an agreement on this big stimulus bill, the Trump coronavirus stimulus check for 2020.

Let me share with you who will be eligible, how much you will get, what the qualifications are, and when you can expect to receive the stimulus check from the U.S. government.

And so if you haven’t heard about this, it’s pretty cool because you’re probably going to be getting a nice fat check from the government.

Here are the details that you need to know.

It is expected to be up to $1,200 per adult and $500 per child, which is pretty fun.

These amounts are based off of your 2018 tax returns if you haven’t filed 2019 tax returns yet.

Taking Your Income Level Into Consideration

And according to this article from the Los Angeles Times, the amount received will decline gradually beginning with individuals who make $75,000 a year or married couples who make $150,000 total each year.

Individuals making $99,000, or above or couples making $198,000, or above would receive no check.

Which looks like this:

And here is another helpful breakdown of how big your stimulus check will likely be:

When will you get your check?

Stimulus Check Timeframe

The fun thing about is they’re expected to be shipping within the next few weeks.

So that’s really cool. And you don’t normally see the government move this fast on things, but the stock market’s been doing fantastic the last two days as a result of the expectation of this thing coming through.

While I’m not really excited about the long term effects of the government giving away all this money, I know a lot of people who will be excited to get a little bit of cash in their pocket.

So that’s the latest update for the Trump coronavirus stimulus check for 2020!

Let us know in the comments below what you plan to do with this Trump stimulus check that you will hopefully be receiving soon!



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The Best Interest Rates for April 2020

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Finding the best interest rates is a lot easier today than it was even a few years ago. Here at Dough Roller, we track rates on everything from checking and savings accounts to mortgages to CDs. It occurred to me, however, that there was no one single page on the site where you could find the top rate for each type of account. So we created this page, updated monthly, to track the highest (or lowest) rates available.


Deal of the Day: CIT Bank has a 1.80% APY on their Money Market Account. $100 minimum deposit required and all deposits are FDIC insured up to the $250,000 per depositor maximum.

We focus on those financial institutions that have low fees, great rates, and are typically available anywhere in the U.S. You can find local banks and credit unions that offer comparable rates, but their availability is limited geographically.

Best Interest Rates for November 2019

November 2019 Interest Rates Update: There were a few rate changes over the past month:

  • Betterment Everyday™ Cash Reserve account is at 2.04% APY.
  • Wealthfront Brokerage Cash Account Rate is at 2.07% APY.
  • First Security Bank’s Kasasa Cash account is at 2.51% APY on balances up to $50k; their Kasasa Saver account is at 1.31% APY on balances up to $50k.
  • First Foundation Bank’s Online Savings Account offers 2.40% APY with $1k minimum deposit of new money.
  • BrioDirect is offering a High-Yield Savings account at 2.30% APY with $25 minimum deposit.
  • Vio Bank’s High Yield Online Savings account is at 2.27% APY with $100 minimum opening deposit.
  • Fitness Bank is offering a 2.75% APY savings account rate for balances over $100 when step requirements are met.
  • Prime Alliance Bank is offering a 60-month CD at 2.48% APY and a 48-month CD at 2.38% APY, both with $500 minimum deposit.
  • First National Bank of America is offering a 12-month CD at 2.35% APY and a 60-month CD at 2.55% APY, both with $1k minimum deposit.

The average 30-year fixed mortgage rate comes in at 3.78%.

With that said, here are some of the best interest rates we’ve found for November 2019:

Best Bank Account Rates

Best Interest Rates Pin 2Savings Accounts: The top savings account rate goes to Vio Bank at 2.27% APY ($100 minimum deposit) (see table below). Several banks come in a close second, including UFB Direct at 2.15% APY , Popular Direct at 2.15% APY ($5k minimum), CIT Savings Account at 2.10% APY ($100 monthly deposit or $25k minimum balance) and BMO Harris Bank Money Market Account at 2.05% APY ($5k minimum). These represent some of the highest rates on a nationally available savings account.

Here’s a comparison table we update daily with current competitive rates:

Best CD Rates: The rates on certificates of deposit vary based on the term. The longer the term, the higher the rate. Keep in mind that penalties may apply if you close the CD before the end of the term. For a 1-year CD, the best rate we could find is from First National Bank of America at 2.35% APY ($1k minimum).

Checking Accounts: Most checking accounts do not pay interest. For online banks, however, you’ll find plenty of options where you can earn some interest on your funds. There are two things to keep in mind. First, many banks offer higher interest rates only if you keep a lot of money in your checking account. Second, the rates are lower than a savings account or CD.

Some top paying checking accounts that we like include FNBO Direct, which currently pays 0.65% APY. For those with at least $15,000 in checking, you can earn 0.60% APY from Ally Bank. I list Ally second because most people don’t keep that much cash in checking, but it’s an option for those who do. These rates are unchanged from previous months.

Bonus: I also keep a running list of popular checking account promotions you can check out.

Mortgage Rates

Mortgages: Listing the “best” mortgage rate is really impossible. Rates change throughout the day, vary by state, and are highly dependent on a number of factors including your credit score, debt-to-income ratio, and down payment. That being said, the average rate for a 30-year fixed rate mortgage is up this month to 3.78% according to Freddie Mac (from 3.64% last month). The average rate on a 15-year fixed mortgage is up to 3.19% (from 3.16% a month ago).

You can find competitive mortgage and refinance rates at LendingTree or on the table below:

Related: Compare mortgage rates online

Best Credit Card Interest Rates

Credit Cards: The longest 0% introductory period stands at 15 months on both purchases and balance transfers. You can find a current list of the best 0% credit card offers here.

If you find better rates on any of the above financial products, please let us know in the comments below.

Note that the above rates were as of October 31, 2019. Rates are subject to change, so please confirm the rates directly with the financial institution.Find the best interest rates on bank accounts, mortgages, and credit cards as of %%currentdate%%. Includes rates on savings and checking accounts, and CDs.

The post The Best Interest Rates for April 2020 appeared first on The Dough Roller.



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