Facts you should know about reward credit cards
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 » Facts you should know about reward credit cards

Facts you should know about reward credit cards

Updated: December 26, 2012

Add to Favorites:
Shopping is something that is quite an enjoyable experience for many. When you shop, you always look to find the best deals in the market and also what freebies are available. Credit card rewards work to cash in on this incentive and provide to people who are shopping smart rewards that they can earn. Who does not like to earn when they spend, whether it is a discount on a brand, free tickets to some event, free dinners or other vouchers, reward credit cards are catching on like wild fire. There are all kinds of reward credit cards available in the market and the consumer has to be discerning enough to pick out one that is most profitable to them. The fact is that these reward credit cards are just lures for customers to get drawn into applying for them. There are numerous reward programs in the market; the end point is to make sure the rewards work for you and that you do not end up paying over the top or spending more than what you should to earn the points. There are numerous rewards credit cards that have high interest rates and annual fees on them; you should be able to compare the costs involved in order to pick the best alternative. When you cannot sort out the cards and the deals that come with them, you end up spending too much money. The spending habits are seen to be very much correlated to the rewards earned with the closer people being to earning a big reward the more they spend. Often this leads to huge costs and the reward not being worth the expenditure. There are also a lot of different terms and conditions on reward cards that the banks have to ensure the smart consumer does not end up out doing them. When you have a reward card, it will come with a clear limit annually. That is you can earn only a certain number of points in a year and also in a month. Check with the company beforehand so you know how much you can earn and also how much you can redeem. Consider and compare these variables when looking for a reward card. Also look at flexible options in rewards, which allow you to redeem against multiple brands and outlets. This will mean that you can be earning enough to actually make the reward worth the money you spend. Another mistake many consumers make is in adding onto the points and then not redeeming them. You will find that many cards come with an expiration date, which means that you have to use up the rewards within a certain time span. If you do not, you will lose money and points and have to pay extra to carry them over. In case of some cards, the entire rewards available are just completely eliminated from the person's account. Discuss your terms and conditions carefully so you can choose the right card for your needs.

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:

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading