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Most Admired Credit Companies
[04:45:10 AM Thursday, September 04, 2008]
America's Most Admired Credit Card Issuers
Each year Fortune magazine publishes its well-known "America's Most Admired Companies" rank list. The company and its survey partners at Hay Group ask experts to select 10 companies they admire most in different industries from aerospace to wholesalers. The companies are valued on eight criteria, from quality of products and services to social responsibility. The winners have strong records of innovation, leadership, and financial strength. Which credit companies scored the highest rank in personal finance industry this year? Read our news to find the answer.
Fortune is a global business magazine published by Time Inc.'s Fortune Money Group. Each year it identifies "America's Most Admired Companies" - the firms with the strongest business reputations. Fortune and its survey partners at Hay Group ask executives, directors and analysts to rate companies in their respective industries according to eight attributes: quality of management, quality of products and services, financial soundness, use of corporate assets, innovation, long-term investment value, people management and social responsibility.
Each company receives a numerical score from zero (poor) to ten (excellent). To be included in "America's Most Admired Companies" list, a firm needs to get the highest scores. This year the champions in the "Megabanks, Credit Card Companies" section are:
1. American Express. Overall score: 7.85
American Express is one of the largest and richest brands in the world. It issues a lot of beneficial credit cards for customers, students, small businesses and corporations.
AmEx credit cards come with no annual fee, low interest rates on purchases, 0% APR on balance transfers for up to 15 months and great reward programs of all kinds. However, the offers are targeted at customers with good or excellent FICO score.
2. Bank of America. Overall score: 7.38
Bank of America offers a full range of products for customers, small businesses and large corporations. The company is especially known for its exclusive rewards credit cards. You can apply for sports themed plastics that let you earn merchandise of your favorite sport team, credit cards for the environmentally conscious people to make donations to a wildlife organization, or frequent flyer credit cards linked with popular U.S. carriers.
3. Wells Fargo. Overall score: 7.05
Wells Fargo is a financial services company with about $483 billion in assets. It provides consumer finance, banking, investments, insurance and mortgage.
Wells Fargo offers several secured and unsecured credit cards for consumers and college students. You can find offers with cash back or point rewards programs, no annual fee, zero or low interest rates on purchases and balance transfers.
4. J.P. Morgan Chase. Overall score: 6.45
JPMorgan Chase & Co. is a leader in financial services for consumers, commercial banking, financial transaction processing, asset management, and private equity.
The company issues over eleven categories of credit cards, so you can always find an offer that will work best for you. One of the most popular Chase credit cards is Disney Rewards Visa. It is an excellent choice for people who love all that is connected with Disney. You can earn theme parks tickets, free hotel stays and various Disney merchandise.
5. Wachovia. Overall score: 6.01
The Wachovia credit cards come with a variety of features and services designed to meet your individual needs. You can find offers with 0% APR on balance transfers, attractive purchase rates, automatically waived fees, 24/7 customer assistance, 0% liability for unauthorized purchases and no-fee overdraft protection.
Wachovia Possibilities Rewards program lets you earn points for every eligible purchase. You can combine points earned on all your Wachovia personal and business credit and check cards.
Samuel , [06:26 AM, September 04, 2008]
I am not surprised that AmEx is #1!
The Latest Articles
[October 28, 2008]
Attention, computer owners! According to statistics, every minute somewhere in the world, a computer is stolen. Think you have nothing valuable on your machine except some MP3s and e-mails? Your computer's memory could contain personal information that will be a treasure trove for an identity thief: credit card numbers, usernames and passwords. A Social Security number alone would be enough for a thief to open numerous fraudulent credit card accounts under your name! So take some simple precautions to protect not only your computer, but all valuable information you have on it.
[October 07, 2008]
Buy low and sell high. This is the main principle of an App-o-Rama strategy. This game has reached widespread popularity in recent times. You simply apply for numerous credit card offers with a zero APR and invest this free money in a high yield savings account. At the end of the year you can earn hundreds or even thousands of dollars in interest! In addition, you can benefit from countless bonus offers, gift cards, sign up presents and other juice freebies. Get interested? Read the following points to make a successful deal.
[September 23, 2008]
In the busy rhythm of present-day life people often feel lost in the mass of credit card deals offered on the market. If you want to find the most suitable application, it is important to work out what type of credit card user you are. Banks divide all customers into two groups - "revolvers" and "transactors". They have different financial habits, so they will benefit from different credit card features and terms. Read more about these types of users to understand where you lie and choose the credit card offer that fits your way of life and spending pattern.
[September 09, 2008]
Eliminating your credit card balance at a double digit APR may be a difficult task. Most part of your payments goes for clearing your interest, so it can take many years to pay off your debt in full. If you want to reduce your borrowing costs and shorten the life of your balance, take a closer look at credit cards with 0% APR on balance transfers. It is an excellent chance to save hundred dollars on interest charges! You simply open a new interest-free plastic and ask your new lender to shift your debt onto it. Our article will help you maximize the benefits from a new 0% APR credit card.
