Posts belonging to Category Financial Category



Tax allowance freeze: The last straw for 5 million pensioners

You could tell from the way George Osborne described the measure as a mere matter of “simplifying the tax system”, that he just didn’t realise the backlash that freezing the age related personal tax allowances would cause. For around 5m pensioners who still pay tax; with incomes between £10,500 and £25,000 a year, this was the last straw.

Set against the Chancellor’s decision to cut the tax rate from 50% to 45% for those earning more than £150,000, older people are understandably angry that they are being asked to subsidise the super rich and pay for the mistakes of the financial sector and government. Interestin

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The U.S. Dollar is on the Rise

The American Dollar is competing well against both the Euro and the Yen, indicating that we might be right at the precipice of a robust recovery. This strengthened Dollar is driving much of the increase in stock prices, though it’s also closely tied to an increase in the price of oil. The latter has caused some concern among economists that it might derail the recovery before it really takes hold.

The Dollar’s increased strength comes off the back of a new attitude on the part of the Federal Reserve. Quantitative easing has ended, with no plans for its return. Further, while the strengthened Dollar has been tied to an increased cost of oil, the price of oil futures has declined, indicating that the high price of gas at the pump might be a temporary phenomenon. The

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The Best Travel Rewards Credit Cards, March 2012

Its time to plan your holiday travel. That may mean cashing in the travel rewards youve accumulated on credit cards or it may mean starting to use a travel rewards credit card. Chances are you spend money on some necessities, and when you do, tailoring the rewards you receive to your travel needs could end up financially benefiting you and your family even more than a cash back credit card might. Keep in mind, of course, that increasing your spending just to earn rewards doesnt make sense, and it would be worse if you had to pay interest on your balances.

When you have controlled spending that you can afford, and you pay your credit card bill in full and on time every month, you can offset your costs of travel by earning rewards.

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Nepstar fourth quarter revenue increases 4.9% to RMB658.0M

China Nepstar Chain Drugstore Ltd. (NYSE: NPD) (“Nepstar” or the “Company”), the largest retail drugstore chain in China based on the number of directly operated stores, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011.

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What the budget means for you

Chancellor, George Osbourne has today unveiled the government budget plans for the next financial year.

The budget paints a mixed picture for households as the economy tries to steer away from a double dip recession. In a bid to save the UK’s dire economy, the   chancellor plans on reducing public debt and promises to take “millions out of tax”.

The chancellor also predicts that the unemployment rate will fall and inflation will also fall to 1.9% by next year.

Low income households

The chancellor has offered some respite for low earners as the income tax threshold will increase. This gives an extra two million people more financial leg-room before having to pay tax. Public

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Capital One Cash Rewards – $100 Cash Back Review

It seems like the better the credit card offer these days, the more complicated the rules are for securing rewards and perks.  There are so many tiers and spend requirements to meet; it’s confusing even for a guy like me that writes about this stuff day in and day out.  One card, however, that has come through with a great and simple rewards program is the Capital One Cash Rewards $100 Bonus Cash Back.

The Capital One® Cash Rewards $100 Bonus Cash Back offers consumers 1% cash back on all purchases, period.  Plus, every anniversary, Cap One will provide you a 50% bonus on the cash back you’ve received for the previous year.  This effectively makes the card a 1.5% cash back credit card (.5% which is delayed until the end of your anniversary year) and no other credit card on the market today provides this simplistic rewards structure.

But that’s not the only reason to own the Capital One Cash Rewards $100 Cash Back,  as new cardholders will receive $100 cash back after spending $500 in the first three months.  This card also has a 0% intro APR on both purchases and balance transfers until March of 2013 and afterwards the APR becomes 12.9% 20.9% variable depending on credit history.  A few more benefits to mention …

  • No foreign transaction fees on purchases
  • No annual fee
  • No over limit fees

Oddly enough, the Capital One® Cash Rewards $100 Cash Back card acts as both a credit card AND a charge card because it provides cardholders a credit limit without a pre-set spending limit.  This means that if you are going to go over your credit limit with a purchase, Capital One can still approve your charge and you will have one statement period to pay the over-limit amount, fee free.  This comes in handy for emergencies and can save cardholders the embarrassment of having their card declined for everyday purchases.

Look as hard as you like, you’re not going to find a card similar to the Capital One Cash Rewards $100 Cash Back on the market today.  Excellent rewards with virtually no fees and a solid introductory offer make this card a must own for any consumer that has the excellent credit this card demands.  Consider signing up for the Capital One® Cash Rewards $100 Cash Back today.

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