Are Credit Card Rewards Worth Consideration?

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 » Travel with Credit Cards » Are Credit Card Rewards Worth Consideration?

Are Credit Card Rewards Worth Consideration?


Updated: December 26, 2012

Add to Favorites:

Many a times, people are in the dilemma about whether or not they would want to go in for credit cards, considering all the bad things that they hear about it. The truth is that credit cards are extremely beneficial to own, but only when used responsibly. Another strong reason to opt for these forms of credit cards is if you like to get good rewards when you make use of these cards. It might seem like it is not particularly significant when seen independently, but you should know that some people buy these cards based on this alone.

Point system

A common kind of credit card rewards that people receive when using the credit cards is the point system. Many card companies offer this as it is one of the most convenient kind of reward system to offer the customers. Added advantages include simplicity of offering gifts in exchange for the points. Depending on the credit card provider that you opt for, the points vary with the place that you use the credit card. If the provider has a vested interest in petroleum products, then you will get more points for making use of the card in such places. Hence, depending on where you might be using the credit card often, you can choose the appropriate kind of credit card.

Cash Back

Another new scheme that credit card providers are offering to their customers is making use of the cash back scheme. It is important to have a viable cash back scheme with your credit card. This will subsequently help in ensuring that you do get the appropriate amount of money back with your order. Many credit cards out there have a very good cash back amount and depending on how often you make use of your card, you might get cash back amounts which might be anything from just 5% to as much as 40%.

Reduced interest rates

If you are a really good customer of the bank, then you might be able to enjoy lowered interest rates on your card. This is something that almost all individuals would definitely want. However, it is not common for credit card companies to reduce the interest rates, unless you have been with them for a long period of time. In such cases, add-on cards tend to have lower rates of interest. Hence, unless you place a specific request asking for lowered rates of interest, you might not be able to enjoy this particular aspect of the card.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Travel with Credit Cards Research:

Related Research:

How to Earn on Black Friday Deals in 2017

How to Earn on Black Friday Deals in 2017

Posted: November 23, 2017

Black Friday is around the corner! Ready, steady, go! But before you go on a shopping spree to catch the jaw-dropping deals and discounts, make sure you maximize them. Did you know that you can not only save on Black Friday, but also earn? ... Continue reading
Autumn 2017: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2017: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 20, 2017

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
Top 5 Cards for Travel from Our Partners Autumn 2017 – Expert Choice

Top 5 Cards for Travel from Our Partners Autumn 2017 – Expert Choice

Posted: November 8, 2017

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading