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Category: Account Management

Posted on February 6, 2021

10 Things to Know About Living in Philadelphia

Wedged between New York and D.C., Philadelphia has long been one of America’s most overlooked and underrated cities. The Birthplace of America, Philly is the nation’s sixth-largest city and one of its top cultural, culinary, employment, sports, music and education destinations. It’s a fresh, cosmopolitan city, and living in Philadelphia means you have nearly anything you could imagine to do, eat, visit, see and cheer for.

Philadelphia is a unique and diverse city, much more than the Liberty Bell, cheesesteaks and Rocky. It’s an inviting, connected community compromised of nearly 100 distinct neighborhoods from the gleaming skyscrapers of Center City to the rowhouses of South Philly to the rolling estates of Chestnut Hill. Whether you’re packing up for your move to Philly or just considering a relocation to the City of Brotherly Love and Sisterly Affection, there are many wonderful things you need to know about living in Philadelphia.

1. Philly has a great climate if you like having four seasons

No matter which season you enjoy frolicking in, Philly is the perfect climate to experience all four seasons. Philadelphia is a temperate Mid-Atlantic city with the best of all worlds, just 50 miles from the Jersey shore and 70 from the Pocono Mountains.

Summers in Philly can be hot and muggy at the peak of the season, with average highs just under 90 during July. Winters are cold but not bitterly, with daily temps during the holiday season straddling the freezing line. Rain can be expected a quarter-to-third of the days each month, with about 20 inches of snow each winter.

septa train philadelphia

2. Commuting is relatively easy by car or public transit

Philly commuting is convenient compared to most of its Northeast Corridor counterparts. The average one-way work travel time is just more than half an hour, with more than 20 percent using public transportation.

For automotive commuters, Philly’s transportation network couldn’t be simpler. Interstate 95 lines the eastern edge of the city, the I-76 Schuylkill Expressway divides West Philly from the rest of Philly and I-676 (Vine Street Expressway) and US Route 1 (Roosevelt Boulevard/Expressway) run east/west through the city. Broad Street, America’s longest straight boulevard, forms Philly’s north/south backbone.

SEPTA operates a convenient public transit system, which includes a number of commuting modes. This includes the Broad Street Line subway and Market-Frankford elevated train, which travels north/south and east/west, respectively, 131 bus lines and eight light rail and trolley routes.

3. You have to learn how to talk Philly to live here

Every city in America has its own dialect quirks, but Philly has a language all its own every newcomer must eventually absorb. From your first “yo,” you’ll quickly learn every jawn (which can literally mean any person, place or thing).

“Jeet?” is what you’ll be asked if someone wants to know if you’ve eaten yet. They may want to share a hoagie (don’t ever say “sub”), grab pasta with gravy (tomato sauce) or a cheesesteak “whiz wit” (covered in melted cheese and fried onions). Wash it down with some wooder (what comes out of the sink) or a lager (ask for that and you’ll get a Yuengling beer).

Where are you going to go? Maybe “down the shore” to the Jersey beaches, out to Delco (Delaware County) or to Center City (never call it “downtown”) on the El (the elevated train). That’s where yiz (plural “you”) are headed.

And everyone loves talking about the “Iggles” (or “the Birds,”) the championship football team.

4. Philly is the City of Museums

More than any city in America, history lies down every street, many of which the Founding Fathers once walked. Independence National Historical Park, the most historic square mile in the nation, includes important sites like Independence Hall, Liberty Bell, City Tavern, Christ Church, Franklin Court and more.

Nearby in Old City are the National Constitution Center, Museum of the American Revolution, Betsy Ross House, the first U.S. Mint, Elfreth’s Alley and National Museum of American Jewish History.

But Philly offers so much more, including world-class museums dedicated to art, culture, science and education. In the Parkway Museum District, must-visit attractions include the Philadelphia Museum of Art (and the Rocky steps), Franklin Institute Science Museum, Barnes Foundation and Rodin Museum.

Elsewhere around the city are amazing spots, including the Mummers Museum, Academy of Natural Sciences, Magic Gardens urban mosaic, Mütter Museum of medical oddities, Eastern State Penitentiary and even the Museum of Pizza Culture.

Philly cheesesteak

Photo courtesy of Michael Hochman

5. Philly cuisine is much more than cheesesteaks

Sure, everyone loves cheesesteaks and every Philadelphian has their favorite steak joint. But Philly also claims a slew of other iconic dishes.

Hoagies are a party staple, but many swear by the roast pork sandwich, with provolone and sautéed broccoli rabe, as the city’s signature sandwich. Philadelphians eat 12 times as many pretzels as the average American and you’ll find soft pretzels in the Philly figure-eight style on every corner.

Breakfasts wouldn’t be Philly without scrapple or pork roll, two pan-fried pork-based dishes. And dinner can include tomato pie (cheeseless rectangle pizza on focaccia served at room temperature), Old Bay-flavored crinkle-cut crab fries or snapper soup, which is exactly what you think it is.

For dessert, grab a “wooder ice” (kind of like Italian ice but not) or a Tastykake (more of a lifestyle than a snack food line).

And Philadelphia isn’t just for casual eats — some of America’s greatest restaurants live here. Israeli spot Zahav was named Best Restaurant in the country, and Pizzeria Beddia the Best Pizza in America. Other award-winning spots abound, including South Philly Barbacoa, vegetarian destination Vedge and 20 restaurants citywide from decorated chef Stephen Starr.

But all cross-sections of Philadelphians can agree on one thing — everyone loves Wawa, more of a culture than a convenience store, with more than 40 locations throughout the city.

6. Philly is the best music city on the East Coast

There would be no American music without Philadelphia. The city is home to one of the nation’s greatest music histories as the birthplace of Philadelphia soul, American Bandstand, Gamble & Huff and “Rock Around The Clock.” Artists hailing from Philly span the spectrum from Hall & Oates, Chubby Checker, Patty LaBelle, Boyz II Men and Will Smith to The Roots, Meek Mill, Diplo, Dr. Dog, War On Drugs, Kurt Vile, Dead Milkmen and Joan Jett.

Philly is also one of the best cities in America to see and hear live music, with a slew of iconic music venues of every size. Music pours nightly out of legendary clubs, such as Milkboy, Johnny Brenda’s, Boot & Saddle and Kung Fu Necktie, concert halls like The Fillmore, Union Transfer, Theater of Living Arts and Tower Theater and outdoor amphitheaters with stunning vistas BB&T Pavilion and Mann Center.

7. Philly is one of America’s great college towns

Philadelphia is one giant college town. There are more than 340,000 college students living in Philly spread across nearly two dozen four-year campuses. Thanks to college sports, Philly’s top five major universities (that make up the Big Five) are nationally known and include Temple, St. Joseph’s, La Salle, the University of Pennsylvania and Villanova (which actually sits outside the city).

University City in West Philly is home to Penn, as well as Drexel and the University of the Sciences. And scattered elsewhere around the city are historically-black Lincoln University, Chestnut Hill College, Thomas Jefferson University (on two campuses), Pierce College and Holy Family.

There are also a number of creative and performing arts schools in Philadelphia, including the University of the Arts, Art Institute of Philadelphia, Pennsylvania Academy of the Fine Arts and Curtis Institute of Music.

Phillies

Photo courtesy of Michael Hochman

8. Sports are life in Philly even if we like to boo

You may have heard. In Philadelphia, we love sports. Unlike cities like New York or L.A., Philly has just one team in each of the major sports, so every fan is on the same page. Except for college basketball where the city is divided among a half-dozen Division I programs.

Philadelphians bleed team colors and everyone from every walk of life pays attention. Often, the city’s collective mood is based on yesterday’s result. So, if you want to walk into nearly any conversation in Philly, be sure to know the Birds’ playoff chances or who your favorite Flyer is. But Philly fans don’t take lack of hustle or effort lightly, and a subpar performance will bring out the notorious boo-birds.

9. The cost of living in Philly is pretty good

As the sixth-largest city in the nation and keystone of the Northeast Corridor, you’d expect Philly to be expensive. Actually, it’s pretty average. The overall cost of living in Philadelphia (as of Q1 2020) is just 110 percent of the national composite. Compare that to its neighbors like New York (246 percent), D.C. (160 percent) and Boston (148 percent). In fact, Philadelphia’s cost of living is cheaper than many major cities like Denver, New Orleans, Miami, San Diego and Baltimore.

The same goes for housing, as well. Philadelphia is only 13 percent over the national index average for housing costs, much more affordable than other East Coast cities and metropolises around the country like Phoenix, Dallas and Portland. For renters, an average Philly one-bedroom leases for just $2,127 a month (compared to the national average of $1,621), just a pleasantly-surprising 17th most-expensive in the nation, cheaper than Sacramento, Boston, Seattle or Oakland.

10. Philadelphia is one of the great American cities

Philadelphia is a beautiful, friendly, progressive city for anyone moving here or just thinking about it. It’s a hub for technology and finance and home to a dozen Fortune 500 corporations.

It’s a retail center with high-end city malls, vintage and boutique shopping corridors and Jewelers’ Row, the oldest diamond district in the nation. It’s a haven for those seeking outdoor adventure, including massive Wissahickon Valley and Fairmount Parks. And a destination for family fun at spots like the Please Touch Museum and America’s oldest zoo. It’s even one of America’s most walkable cities.

Living in Philadelphia

Philly is a great place for lovers of music, beer, history, shopping, sports, theater, coffee, biking, art, dining and more. Whatever your passion, you’ll find it living in Philadelphia.

And with a head start on what’s listed here, you’ll be welcomed with open arms and find out quickly why we’re known as The City that Loves You Back.

Rent prices are based on a rolling weighted average from Apartment Guide and Rent.com’s multifamily rental property inventory of one-bedroom apartments. Data was pulled in October 2020 and goes back for one year. We use a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
Population and income numbers are from the U.S. Census Bureau. Cost of living data comes from the Council for Community and Economic Research.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Header image courtesy of Michael Hochman.

The post 10 Things to Know About Living in Philadelphia appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

Posted on February 6, 2021

Apartments With Move-in Specials

Right now is a fantastic time to be looking for a new apartment home in Washington, DC. The past few years’ construction boom has added a surplus of apartment inventory to the market. The result of extra apartment inventory = move-in specials!

If you are willing to commit to a longer lease term you can score anywhere between one to three months free! Plus if you can make a quick decision, apartments are offering additional incentives like $250 gift cards, free parking, free meal delivery services, and more.

Move-in specials used to only be found at new construction buildings that were just opening up. With all the extra apartment inventory in DC now, the interesting thing we are seeing is that older buildings are getting in on the concession game, too! So it’s possible to get one or two months free at the more budget-friendly buildings.

We’re starting a list of apartment specials here and will add to it as we find more. Hear of an awesome special? Drop us a line at info@apartminty.com and we’ll be sure to add it to the list!


Avec on H Street

Get up to two months free + $250 gift card

901 H Street NE, Washington, DC Text with an agent: 855-283-1852 Speak with an agent 833-758-5743

Avec on H is a new apartment building on H Street NE. The building has a huge rooftop with a pool, outdoor living rooms with heaters, conversation areas with firepits, and grilling areas. The building has studios, one, two, and three-bedroom apartments starting at $1564. You can get the two-months free movein special by choosing a longer lease term and if you apply within 48 hours of your apartment tour, you get the additional $250 gift card. They are offering self-guided tours and virtual tours. Check out Avec floorplans here.


Dupont-apartments-exterior

Dupont Apartments

Get up to two months free!

1717 20th Street NW, Washington, DC

Speak with an agent 833-300-3125

Dupont Apartments is located just two blocks from the Dupont Circle metro stop. The smaller apartment building doesn’t have all the bells and whistles of a new luxury building, but the prices are great and the location can’t be beaten! The building has studios and one-bedroom apartments starting at $1490. You can get the two-months free move-in special on any available apartment right now. They are offering self-guided tours and virtual tours. Check out Dupont Apartments floorplans here.


aura-pentagon-city-move-in-special

Aura Pentagon City

Get up to two months free!

1221 South Eads Street, Arlington, VA Speak with an agent 877-472-3092

Aura Pentagon City is located in the heart of Pentagon City. Living here means an easy commute to the Pentagon, Boeing, and the new Amazon HQ2! The building has two rooftop pools, 24-hour concierge, fitness center, and complimentary coffee service! Apartment sizes range from studios up to two-bedrooms and come equipped with large closets, full-size washers and dryers, and gas ranges. You can get the two-months free move-in special on specific apartments right now. Check out Aura floorplans here.


2800-Woodley-apartments-with-move-in-specials

2800 Woodley

Get Six Weeks free!

2800 Woodley Road, NW Washington, DC Speak with an agent 833-226-4798

2800 Woodley is on a residential street in the Woodley Park neighborhood. Just four blocks from the Woodley Park/Adams Morgan metro station, this is a great apartment for car-free living lifestyle. However, the residential street does allow for street parking. This rent-control building has a stunning lobby and some of the friendliest front desk employees you will ever meet. The rent is inclusive of all utilities with the exception of cable/internet. Apartment sizes range from studios up to two-bedrooms and come equipped with large closets, wood parquet floors, and gas ranges. You can get the six weeks free move-in special on any available apartment right now. Check out their floorplans here.


Baystate-Apartments-move-in-specials

Baystate

Get up to Two Months Free!

1701 Massachusetts NW Washington, DC Speak with an agent 833-716-9395

Located on Massachusetts Avenue, NW The Baystate is made up of 111 studio apartments. The building offers package receiving and pick-up/delivery dry cleaning service. There is on-site management and for your convenience a mobile app to submit work orders or pay your rent. There are an on-site laundry room and fitness center. In the warmer months, you can enjoy the rooftop deck. Studio apartments at this property start at only $1395! You can get the two-months free move-in special on any available apartment right now. Check out their floorplans here.

Read Apartments With Move-in Specials on Apartminty.

Source: blog.apartminty.com

Posted on February 6, 2021

Credit card issuers offer cardholders relief amid coronavirus outbreak

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In response to the coronavirus pandemic, major credit card issuers are offering relief to their customers.

Even though many places around the country are open, the pandemic continues to impact the U.S. economy. Workers are still at risk of being laid off or facing reduced hours or pay.

“This is a rapidly evolving situation and we want our customers to know we are here to provide assistance should they need it,” Anand Selva, chief executive officer of Citi’s consumer bank, said in a statement in Spring 2020.

At the same time, scammers are now trying to take advantage of coronavirus concerns by sending out fake emails about the virus that are designed to steal consumers’ personal and financial information or to infect their computers with malware.

Financial strategies if you’re self-employed

How to manage your credit cards during the coronavirus outbreak

Coronavirus: What to do if you’re unemployed and have credit card debt

What to do if you’re struggling to pay your credit card bills

Many credit card issuers are allowing customers to opt into financial relief programs online. These programs are a convenient way to access short-term relief. But it could come with a long-term cost as many cardholders will continue to see interest accrue. With the average credit card interest rate sitting at 16.05%, cardholders might find more cost-effective relief through other options.

Here’s what issuers are currently offering:

American Express

Cardholders who are having difficulties can get assistance through American Express’s financial hardship program. Eligible cardholders have the option to enroll in a short-term payment plan, which provides relief for 12 months, or a long-term plan, which can provide relief for either 36 or 60 months.

Under both options, you will receive lower interest rates, plus waived late payment fees and annual fees. But you might not have access to certain card benefits and features.

If you enroll in the short-term plan, you might be able to continue putting new purchases on the card but with a reduced spending limit. If you are participating in the long-term plan, you will not be able to use the card.

Amex will report participating cardholders to the credit bureaus as current, assuming they comply with the program’s rules. But the program’s terms do offer some important caveats: Amex will inform the credit bureaus that you are enrolled in a payment assistance program (if you’re in the long-term plan). And under both plans, Amex will report that you have a lower credit limit.

While these factors do not have as much of an impact on your credit score as a delinquent account does, it could still signal to other lenders that you might be having some financial hardship.

Bank of America

Bank of America cardholders who have trouble paying credit card bills can request a credit card payment deferral by calling the number on the back of their card.

To qualify for payment assistance, cardholders must be carrying a balance, according to the website.

Bank of America sent an email to Preferred Rewards members in May 2020 stating that the company had temporarily suspended the annual program review process. Members whose assets dropped below the regular threshold to keep their status would continue to qualify for program benefits. It is unclear if Bank of America is still suspending this program.

Barclays

Barclays urges credit card account holders to request payment relief online. As of May 4, 2020, the bank is granting payment relief for two statements, but interest will continue to accrue.

Capital One

“We understand that this is a time of uncertainty for many people, and we know that there may be instances where customers find themselves facing financial difficulties. Capital One is here to help and we encourage customers who may be impacted to reach out to discuss how we might be of assistance,” the bank said in a statement.

In a March 26, 2020 update, Chairman and CEO Rich Fairbank confirmed that they are offering waived fees and deferred payments on credit cards for some cardholders.

Because each customer’s situation is different, the bank encourages customers to contact it directly. To contact Capital One customer service about an existing account, call (800) 227-4825.

See related: How to clean your credit card

Chase

Previously, Chase Bank stated that customers will be able to “delay up to three payments on your personal or business credit card” if needed, with interest continuing to accrue. The website currently does not specify how many payments cardholders can defer.

It also stated that active duty military members who are responding to a disaster might have access to additional benefits. Servicemembers can call the bank for more information.

In a letter to shareholders, the company’s CEO, Jamie Dimon, also promised to not report late payments to the credit bureaus for “up-to-date clients.”

See related: Chase offering limited-time bonus on food delivery for some cardholders

Citi

Citi customers who have been impacted by the coronavirus pandemic might be eligible for assistance. Previously, the bank was waiving payments and late fees for two consecutive billing cycles. However, Citi has ended its pandemic assistance program.

“Due to a significant and steady decline in enrollments, our formal COVID-19 assistance program has concluded and we will focus on providing assistance options to those customers financially affected by COVID-19 on a case-by-case basis. We continue to closely monitor the situation and will evaluate additional actions to support our customers and communities as needs arise,” a spokesperson for Citi said in an email.

During the bank’s pandemic assistance program, interest continued to accrue, but accounts that were current at the time of enrollment were not be reported as delinquent.

Discover

Discover will be extending relief to qualified customers who are experiencing financial difficulty caused by the spread of COVID-19.

“We encourage them to contact us by calling and are directing them to www.discover.com/coronavirus for phone numbers for each product line and other FAQs,” Discover said in a statement earlier this year. “We also can provide relief through our mobile text app, which connects a customer directly with an agent.”

Discover it Miles cardmembers can also put their miles towards their bill – including their minimum payment.

See related: What to do if you can’t pay your business credit card bill

Goldman Sachs

Apple Card customers can enroll in an assistance program. Previously, cardholders could waive payments without accruing any interest. The website currently doesn’t specify if this is still the case.

Key Bank

Cardholders can defer payments for three billing cycles. Though interest will continue to accrue, enrolled cardholders will not receive late fees, and their accounts will be reported as current, as long as accounts were not delinquent at the time of enrollment.

Synchrony

Synchrony is extending relief to customers experiencing financial hardship. The company’s website previously stated that this could include payment relief for up to three statement cycles, while interest would continue to accrue. The website currently offers no specifics about what the issuer is prepared to offer.

Truist (formerly SunTrust and BB&T)

Previously, Truist offered payment relief assistance to customers with personal and business credit cards, among other products. As of April 14, it was willing to delay payments for up to 90 days. The website currently offers no specifics about what the issuer is prepared to offer.

Wells Fargo

Previously, impacted cardholders could defer monthly payments for two consecutive billing cycles. The company’s website currently does not specify what assistance cardholders can expect to receive.

See related: Coronavirus stimulus legislation doesn’t suspend negative credit reporting

ultimate guide to coronavirus limited-time promotions for more offers designed to help cardholders maximize rewards amid the coronavirus pandemic.

Business credit cards

If you are a small-business owner and cash is not flowing and bills are piling up, the most important thing to do is contact your card issuer.

Some banks are also providing assistance in case you can’t pay your business credit card bill.

Another coronavirus complication: Scams

As consumers wrestle with the impact of the coronavirus, scammers are trying to take advantage of the situation.

In a June 2020 public service announcement, the FBI warned that the increasing use of banking apps could open doors to exploitation.

“With city, state and local governments urging or mandating social distancing, Americans have become more willing to use mobile banking as an alternative to physically visiting branch locations. The FBI expects cyber actors to attempt to exploit new mobile banking customers using a variety of techniques, including app-based banking trojans and fake banking apps,” the PSA warns.

Scammers might also be capitalizing on health and economic uncertainties during this time. In one such scam, cybercriminals are sending emails claiming to contain updates about the coronavirus. But if a consumer clicks on the links, they are redirected to a website that steals their personal information, according to the Identity Theft Resource Center (ITRC).

Identity theft in 2020: What you need to know about common techniques

Bottom line

The outbreak of a disease can upset daily life in many ways, and the ripple effects go beyond our physical health. Thankfully, many card issuers are offering relief. If you’re feeling financially vulnerable, contact your credit card issuer and find out what assistance is available. And while data security may seem like a secondary consideration, it’s still important to be vigilant when conducting business or seeking information about the coronavirus online.

Source: creditcards.com

Posted on February 2, 2021

How to Find Apartments with Move-In Specials

Home is where the heart and all your stuff is, so you probably want it to be pretty nice. Just not break-the-bank nice. There are a few easy ways to save before signing on the dotted lease line, fortunately. Do your wallet a big favor and check out these tips for finding the biggest and baddest apartments with move-in specials.

How to find apartments with move-in specials with Apartment Guide

Apartment Guide is making it easier than ever to know which properties offer the biggest bang for your buck by tagging them with a hard to miss, but easy to use hot deals badge.

Follow these easy steps and you’ll be on your way to saving money on your next apartment lease.

1. Search for apartments in your city or neighborhood

Visit Apartment Guide and search as you normally would using filters to narrow in on your desired city, neighborhood, price and features. You can easily select a Hot Deals filter option, which will only show apartments in your search that have an active deal for you.

hot deals filter

In addition, as you’re scrolling through your full list of properties, you’ll notice a friendly red badge that says “Hot Deals” or “Deals” with your special offer.

apartments with move-in deals

 

2. Claim your move-in special

When you click on a property, you’ll know if it has an active deal when you see the red word “Deals” in an icon under the photos. Click on that badge or scroll down the page to see what special is currently being offered. It could be anything from a months’ free rent to a gift card when you sign a lease.

apartments with move-in deals

 

Then click on “Check Availability” to fill out your name and contact information and it will be sent to the property along with your move-in special. Someone from the community will contact you shortly.

While you’re on the page, you can also sign up for virtual tours, if they are available.

tour from home

 

Other tips for finding apartments with move-in specials

There’s no reason to stop there. Double (or triple) up on the savings by heeding a few of these tried-and-true tips for scoring the best apartment deals.

Timing is everything

No one wants to move during the busy holiday season, much less when it’s oh-so-chilly outside. So take advantage of everyone else’s hesitation and cash in on apartment community promotions that run rampant from October to December. Happy New Year, indeed.

Act quickly

If a deal seems too good to be true it probably isn’t going to be there long. Starting a few months before the big move, monitor rental prices in your desired area. This will give you a better idea of what’s fair to pay and what a true apartment deal looks like. That way, when a truly great promotion or rent reduction pops up you’ll be able to swoop in and grab it right away.

Rent new

Although it seems pretty backward, it can sometimes be cheaper to score a brand-new unit. This is because newbie communities have a lot of space to fill, so they run excellent specials to get people in the door. Just make sure your rent and amenity fees won’t get jacked up without your consent in a year or two.

Make the ask

Many people don’t realize that rental rates aren’t set in stone. If a community is struggling to fill units they’ll be more likely to throw you a bone or two, in the form of reduced rent or waived fees. Don’t be afraid to check out these potential caveats. The worst thing they can say is no, right?

negotiating

Brag a bit

Now’s not the time to be modest. Landlords would far prefer to have reliable renters in place, so if you have an impeccable credit history and references go ahead and drop this info like it’s hot. Be sure to include your score, if you know it. The apartment community is more likely to offer discounted rent to a sure thing, rather than someone who’s racking up debt all over.

Explore payment options

Some apartment communities have flexibility as to whether you pay month-to-month or upfront for a certain period of time, such as three, six or even 12 months. If you have the savings this could land you a discounted rent rate since they’ll already have your money in the bank. This apartment deal will cost you more upfront but will save plenty in the long-term.

Don’t be a diva

Sure, you might want a view of the bay or whatever, but if it works better with your budget to rent a middle floor unit it’s probably smart to make the concession. The same goes for ua-desirable first-floor units. It’s simply cheaper to snap up a middle unit.

You can also save major bucks by opting for a community with onsite, rather than in-unit laundry. This minor inconvenience can net big savings in the end.

The same concept goes for fixer-upper units. Although it’s lovely to move into a turnkey place with a fresh coat of paint, pristine hardwoods and gleaming stainless steel, it’s also going to be reflected in the rent price. So think about what you really need, versus what you really want, all with your budget in mind. Many communities will approve minor repairs and upgrades, so check into that option and do the work yourself for a fraction of what they would have up-charged you!

Cast a wider net

Sure, you want to be in the trendy part of town, but it’s not worth being near all the hot spots if you have no money left over after rent, utilities and amenity fees to enjoy them. Instead, move a little further out to find the unit you want at a price that won’t break you. Then use ride-shares or public transportation to get you where you need to go if you don’t have your own wheels.

Find your apartment with move-in specials today

Searching for an apartment can be overwhelming in more ways than one. A little extra diligence on the front end, however, is likely to net big savings in the end.

So whether it’s a coupon, selecting a basement abode or a combination of the two, take a beat to figure out what you really want, when you want it and what you’re willing to give up to reap the best cash savings possible.

The post How to Find Apartments with Move-In Specials appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

Posted on February 2, 2021

Get Two Months Free on This Adams Morgan Studio

The Best Apartment Deals In DC Right Now | Cheap DC Apartments

We’re all about scoring a good deal here at Apartminty.  While we love perusing the top-of-the-line luxury apartments in DC, we also understand, sometimes an affordable rent is the better option. Either way, instead of you searching for Washington, DC apartments on Craigslist and property management company listing sites, we are delivering our choice of the best apartments to rent in DC right now.  Here’s our pick for the best Washington, DC apartment for rent today. Want more information on moving to DC? Check out Apartminty’s  Ultimate Guide to Moving to Washington, DC.

Adams Morgan/Columbia Heights

The Shawmut-Bathroom-DC-Apartment Rentals
The Shawmut-Bedroom-DC-Apartment Rentals
The Shawmut-Bedroom-DC-Apartment-Rentals
The Shawmut-Den-DC-Apartment-Rentals
The Shawmut-Ktichen-Cabinets-Countertops-DC-Apartment-Rentals

THE SHAWMUT

1768 Columbia Road NW

Washington, DC 20009

Studio Apartment
$1325/month
Unit #: 308
330 Sq Ft
Available Now

Why it’s a great deal:
The Shawmut is in the intersection of Adams Morgan and Kalorama and just a quick walk to Dupont Circle.  This apartment building is one of the most pet friendly buildings in D.C. They allow cats and dogs, but do not charge pet rent or a pet fee.  The customer service and maintenance team are incredible.   

The price on this studio apartment is not something you will see often! PLUS The Shawmut is offering two months free if you lease before the end of December!  You are only responsible for electric and cooking gas.   If you’re interested, reach out today! Looking for something a little different? Check out Apartminty’s guide How to Find an Apartment in DC.   *Pictures may not be of exact unit.*

SCHEDULE A TOUR

Read Get Two Months Free on This Adams Morgan Studio on Apartminty.

Source: blog.apartminty.com

Posted on February 2, 2021

Credit card expiration date: What it does, and where to find it

In the era of lockdowns and social distancing, you’re probably relying most heavily on your credit card, as you shop online for many of your purchases.

But you might run into a snag and not be able to complete your transaction if you’re trying to use your card after its expiration date.

Here are some things to keep in mind if you want to keep those purchases coming all year long.

See related: How do credit cards work?

Wear and tear

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While your credit card account itself doesn’t expire at a certain time, the piece of plastic associated with it does.

That’s because “magnetic stripes wear out, cards bend,” says Nessa Feddis, a senior vice president at the American Bankers Association.

Because of their propensity to show wear and tear, “issuers want to make sure to get working cards into customers’ hands,” says Ted Rossman, industry analyst for CreditCards.com.

Cards with magnetic stripes typically wear out faster, so they usually expire after three years, Rossman says.

EMV cards, which contain computer chips embedded in them, tend to show less wear than those with magnetic stripes, Rossman says. As a result, many issuers are extending the expiration date on those cards to five years.

Sending you a new card periodically also allows issuers to implement design upgrades and technology updates, according to a spokeswoman for Discover.

Credit cards for retailers such as Macy’s can be an exception and there may be no expiration date on such cards.

Safety and security

Expiration dates also serve as a security measure. If you’re making a purchase online or by phone, you’ll typically be asked to provide your account number, the three- or four-digit security code on the card and the credit card expiration date.

The expiration date helps to verify that your transaction is valid, Feddis says. “It’s another data point to match up.”

For the card issuer, putting an expiration on a credit card helps the company manage its credit card portfolio, Rossman says. About 20% to 30% of credit cards that are issued are never activated.

Having an expiration date on a card serves as a “mechanism for re-evaluating a customer’s standing and potentially clearing dormant cards off the books,” Rossman says.

According to the American Bankers Association, Americans held 373 million credit card accounts in the second quarter of 2020. But that was down from 374 million in the second quarter of 2019. It was the first time the number of accounts has fallen since 2012, no doubt tied to the COVID-19 pandemic.

Meanwhile, credit card debt fell by $74 billion from the third quarter of 2019 to the third quarter of 2020, according to the New York Federal Reserve. The drop was driven by the economic recession caused by the pandemic.

See related: Many Americans say they’ll spend less after the pandemic than before

Where to look

If you want to check your credit card’s expiration date, you’ll often find it embossed on the front of your card, under your account number and above your name.

It will be embossed with the two-digit month and two-digit year, such as 02/21.

In the past, the raised numbers were needed on the front of a credit card because merchants would use a machine to make an imprint of the numbers on a receipt, and customers would have to sign the receipt. Now those machines are few and far between.

Today you may have a newer chip credit card that has no raised numbers on the front, and the account number is printed on the back.

With those cards, you’ll also find the expiration date on the back of the card, below your account number.

The expiration date is listed as a month and year, so your card is valid through the last day of that month, the Discover spokeswoman says.

Your new card should be sent to you well in advance of the expiration date. Once the new card arrives, be sure to activate it using your computer or by calling in to the number listed on the sticker placed on your card. Sign your card and be sure to destroy your old one.

See related: What do the numbers on your credit card mean?

Recurring payments

If you use your credit card to make recurring payments, you’ll need to update your card information with the merchant to make sure your payments continue to go through, the Discover spokeswoman says.

However, many merchants subscribe to credit card issuers’ account updater services. If you get a credit card with a new expiration date, or you receive a card with a new account number, the service updates that information to the merchant, so your credit card payment will continue to be processed.

If your account information doesn’t automatically update, you may receive an email from the merchant, asking you to go to the company’s website and update your information.

Paying attention to your credit card expiration date can help keep your transactions on track throughout the year.

Source: creditcards.com

Posted on January 20, 2021

Can you send money with a credit card?

Sending cash to friends and family? Before you reach for that credit card, grab a calculator. It’s time to do a little math.

With most everything you purchase online or through apps, credit cards have the edge. With plastic, you have chargeback rights. If you’re overcharged or receive the wrong item, broken merchandise or nothing at all, your card issuer will make it right. And if you use a rewards card, you collect points or miles, too. Win-win.

But it’s different story when you’re sending money through peer-to-peer platforms. Many of them (like Google Pay, Popmoney and Zelle), don’t allow consumers to use a credit card to send cash.

Others (like Cash App, PayPal and Venmo), allow credit cards but also charge a fee for the privilege – often about 3%.

See related: How to choose a P2P payment service

The hidden costs of using credit cards to send money

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Choose a credit card to send money and you might also end up paying additional fees to your card issuer. That’s because the combination of some peer-to-peer apps with certain cards are coded as cash advances, rather than purchases.

For many cards, that cash advance code triggers a higher interest rate that kicks in the moment you make the transaction, as well as a separate cash advance fee that’s often $10 or 5% of the transaction – whichever is higher. (Currently, the average interest rate for cash advances is 24.8%, while the average APR for purchases is 16.05%.)

So the combination of peer-to-peer service fees, credit card cash advance fees and that higher interest rate (with no grace period) could make sending a few hundred dollars a bit more costly than you’d planned.

No chargeback rights with credit cards

The real kicker: Unlike other venues, you don’t have chargeback rights when you use credit cards to make peer-to-peer money transfers.

When you present your credit card in an online or brick-and-mortar store, there’s a merchant involved – and the law provides chargeback rights for your protection in case you don’t get what you were promised in the deal. But in a peer-to-peer money transfer, there’s no merchant, so currently the laws don’t give consumers any chargeback rights, says Christina Tetreault, manager of financial policy for Consumer Reports.

“The chargeback right requires a merchant,” says Tetreault. “One of the hoops a consumer has to jump through is to try and work it out with the merchant.”

If you use a peer-to-peer service and send the wrong amount or send the money to the wrong person, most platforms advise that the only way to get it back is to contact the recipient and ask them to return it. And that’s often the same whether you use a credit card, debit card, bank account or funded account on the platform.

“Be doubly sure when you’re sending the money that you’re putting in the correct information,” says John Breyault, vice president of public policy, telecommunications and fraud for the National Consumers League. “It’s still a buyer beware world when it comes to peer-to-peer.”

The solution

If you’re sending money and want to use a credit card, it pays to do a little sleuthing first. Check out the peer-to-peer site. Does it allow users to send money with a credit card? If so what, if any, fees does it charge?

On some platforms (PayPal is one), you could see similar fees for using a debit card – while sending from a bank account or funded account on the platform is free.

The good news is that many peer-to-peer platforms clearly disclose it when there’s an extra charge to use a credit card, says Tetreault. With Venmo, for example, you’ll get a pop-up message.

Harder to decipher: Will credit card transactions on the platform be treated as a cash advance? If your preferred platform doesn’t post this information, you might need to contact customer service. (And how quickly and easily you get an answer can tell you a lot, too.)

Ask your card issuer the same question: Are peer-to-peer money transfers on the platform you’ve chosen treated as a cash advance? If they are, what’s the interest rate, and what’s the cash advance fee?

“What I would suggest is to ask that question, via email, of your financial institution,” says Tetreault. “It may be in their FAQs. And you want to save that email. If you have it in writing, if there’s an issue later, you’re better positioned to contest that fee.”

But “the hard truth is you may not be able to find out ahead of time,” she says.

Another solution: Opt to use a credit card issued by a credit union.

“With credit unions, the APR is usually the same” for purchases and cash advances, says John Bratsakis, president and CEO of the Maryland and District of Columbia Credit Union Association.

Likewise, with American Express cards you pay your regular interest rate and no cash advance fees on peer-to-peer transfers, says Elizabeth Crosta, vice president of public affairs for American Express.

And credit cards from U.S. Bank register peer-to-peer money transfers as regular purchases – with no cash advance fees or cash advance APRs, says Rick Rothacker, spokesperson for the bank.

See related: How do credit card APRs work?

What’s your reason for using a credit card?

Take a good look at the reason you’re using a credit card, too. If you want chargeback rights, that’s not an option. If you’re doing it for the rewards, will the value of those points or miles be eaten up by extra fees or a higher interest rate you have to pay to use the card?

And if you’re using a card because you don’t have the cash, that might be a good reason to rethink the idea of sending money in the first place.

That’s a huge red flag, says Bruce McClary, vice president of public relations at the National Foundation for Credit Counseling.

“The need to convert credit into cash is what really gets my attention – because that hints at a lack of savings,” he said. “It’s a reality a lot of people are facing, especially now.”

Cash advances aren’t as expensive or risky as payday loans and car title loans, but they should be among your last resorts. If you’re looking for short-term relief, you could ask your credit card issuer for help, or find out if you qualify for a personal loan. You could also borrow from a family member or trusted friend, but be wary of the potential relationship toll if you can’t pay them back.

Getting cash from credit cards

Fifty-two percent of Americans report that the pandemic has damaged their finances, according to a recent survey by the NFCC. More than a fifth of those had to tap savings for everyday expenses, while 16% increased their credit card spending.

And that’s a sign of financial stress, says McClary. “It means that, in some situations, they have run out of savings.”

There are ways you can use your card to get cash, though.

Cashing in rewards

Some rewards cards from issuers such as Chase, Bank of America and US Bank let you deposit cash-back rewards directly to your bank account.

And Wells Fargo also will let you deposit its Go Far Rewards directly into another Wells Fargo customer’s account, says Sarah DuBois, spokesperson for the bank.

Gift cards

Many credit cards let you convert rewards into retail gift cards. So a pile of points can help a friend or family member buy much-needed groceries or a few holiday presents.

Or simply “buy a gift card for someone,” says Bratsakis.

Retailer-specific gift cards and gift cards issued through local and regional retail associations and malls often come with no fees – meaning every dollar you spend goes toward your gift.

Convenience checks

While you can get a cash advance or use convenience checks from your card issuer, both those options often come with fees and higher interest rates. Not a smart money move, especially in the current economy.

While some lenders may offer convenience checks with deferred interest, that’s not the same as “no interest,” says Bratsakis. Also, if you don’t pay the loan in full, will you owe the full interest retroactively?

“That’s where consumers have to be careful,” he says. With a convenience check or even a cash advance, “that’s usually where consumers can get themselves into trouble if they can’t pay it off and get hit with deferred interest.”

See related: What is deferred interest?

Bottom line

When it comes to peer-to-peer payments, cash really is king. You can then put it into a funded account with the money transfer platform or your bank account. And most peer-to-peer platforms let you do this for free.

“The safest way to use these services is to send money person-to-person and be diligent about getting all the details correct so it doesn’t go to the wrong person,” says Tetreault.

Only send to people you trust and know in real life, she says. “And before sending money make sure you understand what, if any, fees you might incur.”

Source: creditcards.com

Posted on January 20, 2021

10 Things to Know About Living in Miami

Miami: the historic city of sunshine and vice.

Although it’s garnered an international reputation as a famously sun-bleached party town, living in Miami is so much more than that. Is it a constant party? Yes. Does the sun shine all year long? Also yes.

But when you aren’t getting your fill of luxurious libations, Miami provides some of the best restaurants in the country and an art scene that draws collectors from every continent.

Interested in a richer, more colorful urban life? Then hop on the Metrorail to Brickell and come see what all the hype about living in Miami is about.

1. Living in Miami is pricey

This is, perhaps, the single greatest disclaimer that we must make about Miami. For all of its many charms, it’s not a bargain destination. With a composite cost of living index of about 116 according to the Council for Community and Economic Research, it sits above, even if not outrageously so, the national average.

In fairness, the majority of that sticker is attributed to the cost of housing, which comes in at a whopping 49 points above the national average, even though things like healthcare and utilities will generally be as affordable or cheaper than the rest of the country. The bottom line: Miami requires careful budgeting and some financial flexibility.

2. There’s no state income tax

Now, if the cost of living gave you pause, never fear. The state’s tax structure does some leg work to offset the sticker shock of rent. First, there’s no state income tax. The absence of this payroll deduction line item will help you to save far more on an annual basis than in many other parts of the country.

And if that’s not enough, Miami’s sales tax is only 7 percent, which is slightly below the national average and well below many other large metropolitan centers like Boston and Atlanta, which ask 8.5 percent and 8.9 percent, respectively.

miami weather

3. It has the greatest weather all year long

Don’t get us wrong, the summers are hot. Most use the opportunity to capitalize on what are widely considered some of the most beautiful beaches on earth with a tropical drink in hand.

And then, consider this: While much of the country begins to layer, stack firewood and hunker down for a long dark winter, Miami is still thriving with highs in the 70s and lows in the 60s. Warm enough to go outside and cool enough to feel crisp. What’s not to love?

4. The Heat are a religion

If you’re considering going to be living in Miami, you need to understand something. In 2010, there was a stretch of time during which Miami-Dade County was officially renamed “Miami-Wade County” after the then star shooting guard of the Miami Heat franchise, Dwayne Wade.

It’s important context because this town takes its basketball very seriously. And why shouldn’t it? The Heat are three-time NBA champions and boast a roster of alumni that includes Shaq, Wade, LeBron and, now, Jimmy Butler. And between friends, there aren’t a lot of other professional sports worth celebrating in the area. Yes, we went there.

5. Public transit will get you there

Miami traffic is very, very bad. Like top 10 worst in the country bad. There’s no way around that fact. But it shouldn’t be a deal-breaker. Miami makes up for this less-than-super superlative by providing a multitude of effective public transit options.

The Metrobus services a massive geographical region from Fort Lauderdale on down to the Keys. If you’re staying local, the Metrorail has an elevated rail network that connects all of Miami-Dade, Broward and Palm Beach counties.

If you’re staying even more local, the Metromover is a free service that operates seven days a week in the downtown and Brickell area and accesses popular attractions like American Airlines Arena, home to the aforementioned Miami Heat.

miami beaches

6. The beaches are nothing short of spectacular

If we’re being honest, this should have been item No. 1. Miami has always been and will always be immediately associated with the beach and for good reason. Miles of pristine and fully public beaches make up the entire eastern border of the city.

Whether you’re looking for eternal spring break on South Beach or a more remote getaway on Key Biscayne, Miami has a beach for every speed. Bring sunscreen.

7. You’ll eat well in Miami

Miami is not just considered the unofficial hub between North and Latin America, it exists at the cultural nexus of the world. And this multi-national, socio-cultural identity expresses itself nowhere as conspicuously as in food.

Miami boasts a pan-Latin and east Asian culinary landscape like none other. With celebrity chefs and ritzy hotel bars co-mingling with cozy neighborhood eateries and cafecito mainstays, there are more than enough pastelitos to go around everywhere from Brickell to the Gables. Every year, the “Miami Spice” food festival produces tasting menus all over town by which you can become acquainted.

8. Miami is a Latin American vacation in and of itself

Miami is, in no uncertain terms, a Latin city. Seven in 10 residents are Latin American, and that number represents almost every Spanish-speaking country on earth and their every dialect and sociolect.

It’s impossible to overstate the richness of colors, sounds and flavors that you’ll see and smell while living in Miami — everywhere from Espanola Way to historic Little Havana. The music, food and people will have you exploring rent prices by the second day.

9. Miami is a constant party

Some stereotypes are earned, and Miami’s reputation as America’s nightclub is certainly among them. Miami’s bar and club scene is a $2 billion industry employing 25,000 people and keeping the bass thumping all year long up and down Ocean Drive.

From salsa to dubstep, Miami has a dance hall or speakeasy to suit your Saturday-night sensibility.

miami murals

10. The city is an art museum of its own

Few cities love their art the way Miami does. It’s a passion that starts with the historic Art Deco hotels of Miami Beach and surges through the trendy Wynwood Walls into the summer when Art Basel rounds out its international tour in Miami. For five days, almost 90,000 people come to see art presented by leading international galleries from dozens of countries in the hopes of expanding their collections and Instagram feeds.

Just walking around the city for an afternoon is like a leisurely stroll through your favorite museum. And don’t worry, there are plenty of those, too! From the Lowe to the Perez, there are plenty of traditional experiences, as well.

Living in Miami is an experience

Life in Miami is unlike anywhere else in the world. A booming economic center collides with a rich cultural collage to produce one of the most enriching and quickly evolving cities on earth. Pull up a beach chair, break out the guava-based treats and join the year-round party that is Miami.

We’ll see you there.

The post 10 Things to Know About Living in Miami appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

Posted on January 20, 2021

Property Spotlight of the Day-Crescent Park

The Best Apartment Deals In DC Right Now | Cheap DC Apartments

We’re all about scoring a good deal here at Apartminty.  While we love perusing the top-of-the-line luxury apartments in DC, we also understand, sometimes an affordable rent is the better option. Either way, instead of you searching for Washington, DC apartments on Craigslist and property management company listing sites, we are delivering our choice of the best apartments to rent in DC right now.  Here’s our pick for the best Washington, DC apartment in Columbia Heights for rent today. Want more information on moving to DC? Check out Apartminty’s  Ultimate Guide to Moving to Washington, DC.

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 CRESCENT PARK

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Crescent Park Apartments 

2 Elmira Street SE
Washington, DC 20032

1 Bedroom/1 Bath
$1115/month
Unit #: 3
710 Sq Ft
Available Now

Why it’s a great deal:
If you are looking for a true rental deal, Crescent Park is a dream.  Located right off of South Capitol Street, these spacious apartments come equipped with hardwood floors, updated kitchens, and free basic cable. With on-site maintenance and management teams, on-site laundry facilities, and the ability to pay your rent online! Looking for something a little different? Check out Apartminty’s guide How to Find an Apartment in DC.

SCHEDULE A TOUR

Read Property Spotlight of the Day-Crescent Park on Apartminty.

Source: blog.apartminty.com

Posted on January 20, 2021

How refunds to credit cards work

Sometimes a credit card purchase that seemed like a great idea when you made it turns out to be a huge mistake.

While you may be able to return a product or cancel a service and get a refund, make sure you understand the refund process, or your credit could take a hit.

There are many reasons why you may want to return a purchase. You may have splurged on a new table only to find it is slightly too large for your space. Perhaps the necklace you bought online arrived with a broken clasp. Or maybe you just changed your mind and decided you didn’t want to spend $999 on an online course so you took the retailer up on its money-back guarantee.

Regardless of why you decide to return an item, “make sure you understand the return policy,” says Rod Griffin, senior director of consumer education and awareness for Experian.

The steps you take after you request a refund to your credit card could hurt your credit or protect it.

See related: What is a credit card chargeback, and how does it work?

How credit card refunds work

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When you make a purchase with cash, the transaction involves two parties – you and the retailer. If you get a refund after making a cash purchase, the retailer can simply give you back the cash from the purchase.

However, when you make a purchase with a credit card, the credit card issuer is involved in the transaction as well. In fact, the credit card issuer extends the payment to the retailer with the understanding that you will pay the card issuer back when you pay your credit card bill. Since the card issuer serves as something of a middleman in the original transaction, the card issuer must serve as a middleman again when you are issued a refund.

That means if you ask for a refund, the retailer must refund the party that paid them, which is the credit card company. The credit card company would then issue the refund to you in the form of a credit on your credit card statement.

Unfortunately, there is no universal rule that determines how long it takes to get a refund. For one thing, retailer policies differ. One retailer may take 15 days to issue a refund while another may take 30 or 45.

“In many if not most states retailers are required to post their refund policies,” says Linda Sherry, director of national priorities for San Francisco-based advocacy organization Consumer Action.

However, “not all these laws require online merchants to do the same,” Sherry adds. Therefore, some merchants may not be obligated to tell you when you can expect a refund at all.

It may take even longer to get a refund if you have to return an item purchased online via mail. For example, according to Amazon’s refund policy, “it can take up to 25 days for an item to reach us once you return it.” It’s not until after the item is received that Amazon would process the refund.

Once the retailer issues the refund to the credit card company, it may take a couple more days for your card issuer to apply your credit.

See related: How do credit cards work?

Can a credit card refund affect your credit?

The way you handle a credit card refund can have implications for your credit score.

If you’re waiting for a refund, you may be tempted to hold onto your money rather than pay your credit card bill since you know the refund is coming. However that would be a mistake, says Griffin.

“If you’re waiting for a refund and you’re not sure if it’s going to be there before the payment is due, make at least the minimum payment,” he said. That way you avoid a late payment, which could not only hurt your credit score but leave you on the hook for a late fee.

Another mistake that could hurt your credit score is believing the refund counts as a credit card payment. Say you are carrying a balance on your credit card and the minimum credit card payment due is $25. Before you make your payment, you see that a refund of $30 is applied to your account for a product you returned.

You may believe you don’t have to pay your bill that month because the credit is for more than the minimum payment due. But that’s not necessarily the case. You could still be obligated to pay the bill because the refund does not count as a payment, Griffin says.

credit utilization ratio – the balance on your credit card in relation to the credit line – goes up. A higher credit utilization ratio can hurt your credit. On the other hand, once a refund is applied, the utilization ratio goes down, which can boost your score.

quickest ways to improve your score, since credit card balances typically get reported to credit bureaus on a monthly basis.

Refunds, negative balances and rewards

Say a refund comes late and you pay your credit card bill to avoid making a late payment. If you paid for part or all of the refunded item when you paid the credit card bill, you may end up with a negative balance on your credit card once the credit is applied.

That simply means your card issuer owes you money. They may either apply the credit the next time you buy something using the card or they may issue you a check if you request it. From a credit standpoint, a negative balance on your credit card won’t hurt you, Griffin says. Rather, the account would be reported to credit bureaus as having a zero balance.

While getting a refund for a purchase you no longer want can be a relief, there could be a downside. If you have a rewards card and you earned rewards on that purchase, those rewards are forfeited if you get a refund on the purchase, according to a Chase spokesman. That means the card issuer will take the rewards back, or if you have already cashed them in, you will have a negative value in your reward balance.

See related: When should I redeem my rewards?

Bottom line

If you’re confused in any way about an expected refund, it doesn’t hurt to give your card issuer a call to let them know you’re expecting a refund as soon as you request it from the retailer, Griffin says. That way you are less likely to run into any surprises, and you can ask directly what they expect from you.

Source: creditcards.com

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