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Book 4 Tickets to Hawaii for $20 with British Airways Visa Signature Card 100,000 Bonus

The British Airways Visa Signature Card is back again with another 100,000 mile promotion. While it's not quite as good as last year's deal, which offered 100,000 bonus points after simply making one purchase and spending $2,500 during the first three months, the latest promotion still provides new cardholders with the opportunity to earn up to 100,000 bonus Avios points during the first year. The main difference between the two deals is that you'll have to spend a lot more this time around to bank all the sign-up bonus points, which means you may even need to make the British Airways Card your go-to credit card for most of the year. Here's a quick breakdown of what you'll need to do to earn the full 100,000 point bonus:

Ask Creditnet: Can Paying Taxes Late Hurt My Credit Scores?

IRS tax extension

Dear Creditnet: I've procrastinated filing my income tax return and just found out from my CPA that I'll probably owe a lot more than expected this year.

I know I'll have to pay penalties and interest if I file an extension and fail to pay what I owe in full by the 17th, but can paying taxes late hurt my credit scores too? I want to buy a home later this year and simply can't risk hurting my credit.

New Chase Sapphire Preferred® Card: 40,000 Sign-up Bonus

I mentioned in a January blog post that the 50,000 point sign-up bonus for the Chase Sapphire Preferred Card would likely get the axe before the 2nd quarter of 2012. Well, it was axed as I expected, but the card offer that took it's place is surprisingly not as bad as I originally thought it would be.

Ask Creditnet: Is an 800+ Credit Score Worth the Extra Effort?

Dear Creditnet: I already have pretty good credit scores in the 790's, but it kind of bothers me that I can't seem to break the 800 mark. I've tried for years and I just seem to be stuck where I am. Is it really worth the extra effort to try and raise my credit scores above 800? - Megan from TN

FICO Scores Don't Care if You're Unemployed

FICO scores consider a lot of different personal information found in your credit reports, but employment history isn't one of them. In fact, according to FICO, "your salary, occupation, title, employer, date employed and employment history" are never considered by its credit-scoring model. It seems logical, right? Your employment history, income and job title don't necessarily indicate what type of credit risk you are, so why should they matter to FICO?

Citi Simplicity Credit Card Review

Citibank finally "got the memo"—credit card users hate fees! In response, they've given us the Citi Simplicity Card, which is definitely the best credit card on the market right now for those that have a severe aversion to fees, want a 0% interest credit card, and like to keep their finances simple. Here are my top 4 things to love about the new Citi Simplicity Card:

IRS Offers New Penalty Relief for Unemployed & Self-Employed

Uncle Sam is usually a pretty unforgiving guy, but if you were unemployed in 2011 he might be willing to cut you some slack on your taxes this year. While Uncle Sam will of course want the full amount of taxes you owe at some point in time, you may be eligible to receive extra time to pay your 2011 tax bill without incurring additional failure-to-pay penalties (.5% to 1% of your unpaid taxes for each month up to 25 percent of your unpaid taxes). That could save you as much as $500 per month!

American Express Prepaid Debit Card Now Allows Direct Deposit

The American Express Prepaid Card hit the market in 2011 and garnered a great deal of attention since it had a very low fee structure compared to competing prepaid debit cards. Unfortunately, the card offer was quickly criticized by a lot of consumers as well because it lacked a key component— the ability to direct deposit paychecks onto the card. For consumers without bank accounts who might have been interested in the American Express Prepaid Card because of its low fee structure, the inability to set up direct deposit from their employers was often a total deal killer. Amex's $200 limit on ATM cash withdrawals wan't that appealing to potential cardholders either.

Ask Creditnet: Pay Off Credit Cards vs. Installment Loan

Dear Creditnet: Will it be better for my credit scores if I pay down my credit card debt (I have about $8000 in balances) or pay off an installment loan of $10,000? I am looking to buy a home in the next year and I need to improve my credit score about 50 points. - Pete from GA

To Sign or Not to Sign? Does the "See ID" Practice Really Work?

ID There's a lot of confusion among consumers about whether writing ‘See ID” on the back of a credit card is a smart move. I can certainly understand why, since there's a great deal of conflicting information available on the web. While it’s tough to prove this practice will actually prevent identity theft, I personally find it hard to believe it hurts. However, as far as Visa and Mastercard are concerned, a credit card is technically not valid unless it's signed. Merchants are even instructed to not accept credit cards without signatures.