Rewards credit cards offer benefits based on how much you spend within a certain time period. In general, you can accumulate points towards your rewards with every purchase, although the number of points per dollar and value of the points vary from card to card. The points can then be redeemed for rewards such as gas rebates, airline miles, cash back, gift cards to stores, or discounted merchandise, depending on the program. Here are five tips to help you choose the best rewards credit card for you:
1. Consider your credit needs and habits. Although the prospect of earning rewards on your spending can be exciting, make sure that you know what else you need out of a credit card. If you tend to carry a balance month to month, for instance, you may find a low APR and lower rewards rate to be more economical than a higher rewards rate with a high APR.
2. Consider what kind of reward is best for you. There are all sorts of rewards cards available, from cash back to gas rebates to airline miles and more. Consider what kind of reward will benefit you the most, and then compare the cards that offer that specific type of reward.
3. Read the fine print. Look carefully at how fast rewards points accumulate on each card and when they expire. If the points are likely to expire before you have enough to use, it's time to look at another card! Also make sure you are aware of all of the fees associated with your card, including annual fees, late or over-limit fees, and APR.
4. Compare several cards to find the best one. Once you know which kind of reward you are looking for, you can start comparing several different cards that offer that reward.
5. Check several sources of information. The Federal Reserve publishes a survey of credit card terms every six months, and there are a wide range of websites where you can compare credit card offers to find the best one.
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Frequently Asked Questions
Why my mastercad showed that i bought twice in a ...
By: prisonbroken | 13-11-2007
why my mastercad showed that i bought twice in a website that i tried but never successfully purchase?
If i take 500 and above points means whats the ...
By: arun.fpg | 28-09-2007
if i take 500 and above points means whats the benefit for me
I have an outstanding payday loan and my job was ...
By: jazzie | 09-08-2007
i have an outstanding payday loan and my job was called and then someone called said they was an officer and left a message and said that i am a fraud and the police was coming to arrest me for fraudulent activities and then i called them and they said that a case being filed against me for fraud and that a case is pending now i am in jepeorday of loosing my job can they do this
Black strip in credit card.
By: Rainlex | 01-11-2006
I used my credit card yesterday and when I got it back I placed it in my pocket instead of my wallet and it broke , it chipped a small bit from the edge. Will it still work? Is the entire "black strip"essential for the cards' function?
Debit Card in Thailand
By: mango | 14-08-2006
I'm wondering about use of debit cards in Thailand (most probably I will not take any cash with me). I have got a Visa Electron debit card and I'm just not sure how popular and how widely it is accepted in Thailand. Is it accepted in all supermarkets and ATM's?
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