Wealth Today

There’s been a lot of talk about the VISA initial public offer filing. Here is why people are talking:

•  Since MasterCard’s unprecedented success in 2006. VISA believes they can do it better, which raises a lot of attention by investors, and with good reason.
• They claim to process almost twice as many transactions as MasterCard. This expresses some huge potential for revenue, especially with the compounded growth of the Asian and Pacific economies.

According to Fortune Visa’s coming to the table with a price to earning ratio of 27. This makes the VISA IPO a tasty treat to any investor.

I recently got an offer from one of my credit cards for a lower interest rate for balance transfers. I had already received an increase in my limit, and thought it would be a good opportunity for me. The promotional balance transfer rate is only for 3 months, but even after it’s over, the interest rate was better than another card with a balance, so I went for it.

Here’s where I saw the new strategy. The promotional rate will automatically be extended for another 9 months if I have another balance transfer post before before the current promotional period ends.

That’s some incentive to make sure I do another one.