Choose reward credit cards with care and caution

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Choose reward credit cards with care and caution

Choose reward credit cards with care and caution


Updated: December 26, 2012

Many people are excited to hear the words bargain, deals and free. Who would not want a credit card that lets them earn while they do what they love-shopping? Reward credit cards are absolutely thrilling to opt for in the beginning. It is only when the bills come back that people realize that it entails a lot more payments and additional charges than we can think of. Be sure to look into every detail of your reward credit card so you know exactly what it entails every step of the way. With so many options consumers tend to get carried away easily. When considering reward credit cards, make sure you know about the APR, the interest rates and also any kind of annual fees that might be applicable. Many a time, these things are what make a card more expensive to own. It can be an unpleasant shock for many people at a later point. The selling point of reward credit cards is the fact that most people get very carried away by the offers and don’t bother with the actual details. Cash back offers, loyalty points, free air miles, discount coupons, dinner coupons and more are all part of the game. People have been ever since they were first introduced very hooked to the idea of reward credit cards. They love the idea of earning points on everything they buy. Some folks however get carried away. Spending without a thought, just to keep adding on the points will make it quite difficult for you to sort out the bills when they need to be paid. Ensure that you know how much is the actual value of the reward points you are earning each time you spend money. Many a time the reward is not worth the amount you have spent to earn it. Another mistake people make is not considering what the rewards they earn are. Most of the time people do not realize that the rewards are on things they would just not buy or use. This makes it a futile thing to do, paying the higher interest rates or annual fees just for the reward cards.  A reward card alone is not enough, you have to be able to use it the right way. Make sure before you sign up for it, that it is well worth the money you are spending on it. Look at advantages and disadvantages of the card. This is why with reward credit cards, you simply have to read as many reviews as you can and spend a lot of time researching on what would work out to your advantage. There are many blogs and articles offering comparisons of the many deals on the reward cards available in the market. Not taking the time to find out what the pros and cons are will essentially be your ticket to debts and bad credit scores. Thinking it through would make a lot more sense than just opting for the first rewards credit card you get.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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:

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!