Know your reward credit cards well to make the most of it

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Cardholder Benefits » Know your reward credit cards well to make the most of it

Know your reward credit cards well to make the most of it

Add to Favorites:

Reward credit cards are something we all love to own. Each of us tries to get the most out of our reward cards by spending when we know we are nearing a reward redemption. This is the biggest reason why reward credit cards are the single biggest marketing strategy for credit cards. In fact the card company will even send text and email alerts to let a customer know that they are just so many dollars away from earning a reward making spending an inevitable action and consequence. It is important to understand that you should not get taken up by these offers. Rather, planning things out will pay off far better.

Reward credit cards always come up with exciting new offers and credit card companies try to outdo one another using their reward cards. Many a time you just get drawn in by the words: free and discounts. It is only later that you understand that the free deal was on something you don’t even buy or that the discount is applicable only if you spend a certain amount of money in the first place. When you are looking to sign up for a reward card, it pays to do some prior research to understand exactly how things work out.

When considering reward cards, choose the airline miles card over every other card, unless you are confident you are getting a good deal. With air miles you cannot go wrong. Also look for cards which allow you to convert the points into cash to redeem against air tickets. You can also look if the card will let you pick out multiple airlines to redeem your points against. There are greater chances of getting your tickets right when you want it that way. Especially when you have a big family, air miles and hotel rewards are quite a handy thing to have.

Consider carefully the annual fees and interest rates applicable. Also check about how much grace period you have if at all you happen to get late on a payment. Most of the time reward cards will have very strict policies and interest rate hikes when you default on their payments. Be safe by finding out the right information before hand so that you do not end up paying through your nose later. Plan things out and research to figure out which reward card will work best for you before you apply. That way you will get approved faster.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading