Make the most of the rewards on your credit cards

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Credit Card Applications » Research » Guides » Travel with Credit Cards » Make the most of the rewards on your credit cards

Make the most of the rewards on your credit cards


Updated: December 26, 2012

This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.
Credit cards have become a way of life. We use it day in and day out, plastics cards of various colors. It is not an uncommon sight to see the swiping of a card for any purchase be it groceries, clothes or even food. It has become an integral part of our daily routine. It is a great way of being able to afford stuff that given the circumstances one would be unable to buy it. Used unscrupulously it can turn into a person's worst nightmare, leaving you in debt. Credit cards have become a source of ones identification. For example if one wants to rent a motor cycle, he could use his card as a source of identification and security to the dealer. It has provided convenience to customers usually giving them a month's credit to make their purchases before they start charging finance charges. It basically works on the principle of demand and supply where the customers are those who can demand for money and the credit card agencies are the suppliers. There a plethora of credit card options to choose from. Each type has been to cater to a specific situation. For example, business cards offer higher credits are there is a requirement for it in a business. A secured card is used in case an individual has a bad credit history. As in any business the secret to success of the product lies in its marketing. If the product is better known among the masses the higher will be the sales. The product that cuts the best deal always has an upper hand over other products competing under the same category. It is this principle that the reward credit cards are based on. They lure the customers by offering them enticing rewards. This reward system is based on the accumulation of points. For obtaining rewards an individual would have to accumulate a certain number of points. For e.g. you might have to accumulate 5000 points to obtain free flying miles. The reward program offers a variety of offers ranging from free flying miles or maybe even cash back offers on your purchase. They may offer purchase discounts to customers who have opted for their retail credit card. The maximum usage of these perks can be gained by one who uses his credit card frequently. If the person uses his credit card occasionally these perks should be the last thing on his mind as the largest rewards go the most extravagant spenders. The biggest advantage of this card is its accessibility. Any citizen above the age of 18 has the right to obtaining these cards. There are a number of reward options out there. If an individual is interested in one, he would have to conduct a thorough analysis of the all the rewards and perks offered by various credit card companies. Yes it can be a daunting and time consuming task but it will all be worthwhile when one finds the right scheme.

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.
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