How effective are credit card rewards?
Advertising Disclosure is an independent, advertising-supported web site. 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. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Travel with Credit Cards » How effective are credit card rewards?

How effective are credit card rewards?

Updated: December 26, 2012

Add to Favorites:

When you hunt for a credit card, there are high chances you will spot different companies offering innumerable benefits. Working with credit cards and reading the fine print when sealing a deal can help gain an understanding of what the credit card really offers. The terms and conditions you signed up for must be transparent so that you can make the most of credit card rewards.

In many instances, credit card providers are known to bully consumers into buying a credit card with them by offering rewards and other bonuses. Individuals must scan through the fine print in the deal so that you know you are eligible for the reward in question. A reputed credit card issuer will nevertheless follow a standard procedure so that users can avail full benefits. The provider marks the 5 percent cash back reward assurance as ‘subject to terms and conditions’.

Generally, a credit card issuer will refrain from making the applicable conditions public, and we, as buyers don’t bother to read the fine print. Applying for a credit card while hoping you are by default eligible for the credit card reward can be a blunder. Remember a card that offers 5 percent as cash back would require you to make high purchases against the credit card.

If you overlook your own spending, you’ll realize that hardly any of us employ our credit cards to a large extent. We do not end up benefiting from credit card rewards because generally we would be using our card only to gain an amount as low as 1 percent in cash back. Even in cases when the terms and conditions applied to a card are transparent, you must check the annual fee charged by the provider.

Though a standard card doesn’t typically charge a fee, if it offers rewards it might just need you to shell out an annual fee. If a credit card provider tempts you with numerous credit card rewards, you must read through their agreement carefully. They will generally require you to pay a high amount as an annual fee. If you search through carefully, you will find cards that deliver higher rewards without needing you to pay much.

The Internet can be a great tool when you are looking for credit card rewards. Many websites offer reviews of the particular credit card that can further help you decide whether or not you should pick up the credit card for the rewards and bonuses it may offer.

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