According to the Federal Reserve Bank of Boston`s "The Survey of Consumer Payment Choice" on January 2010, 60 percent of consumers have rewards credit cards.
Reward cards are now getting the attention of consumers. Well, why not? Reward cards are making consumers feel rewarded in several ways. To allure consumers credit card companies come up with these reward cards to tighten the competition in the market. It is not surprising to hear reward-programs and other incentive-based marketing strategies from several credit card issuers since the pervasiveness of the use of credit cards has dominated the market nowadays.
Rewards cards can be rewarding in different ways. For people who are busy traveling, one good way to minimize travel expenses plus earning something else on the side is through having travel rewards credit cards.
Among the travel rewards credit cards that are giving best incentives includes Blue Sky from American Express. This card comes with an incredible membership rewards programs. This card can give you $100 in travel if you were able to gather 7,500 points. Blue Sky from American Express can earn you a point for every dollar spent. In addition to these, this particular reward card offers no annual fee and the introductory APR that is 0 percent for six months comes with it.
Another interesting reward credit card comes from American Express again. This card is called Starwood Preferred Guest Credit Card. From al the American Express Rewards Cards the Starwood Preferred Guest Credit Card is said to be the best travel reward card. This card can earn you two Starpoints for every dollar spent in Starwood hotels and for other purchases a point can be rendered. From the time of purchase the cardholder is given 10,000 bonus Starpoints instantly. On the first six months if the cardholder was able to spend $ 15,000 an additional 15,000 Starpoints is given. The Starwood Preferred Guest also offers an upgrade to a Gold status if they were able to spend at least $30,000 in a year.
If you think you are using your credit card a lot getting something from it would certainly be a good idea. If this is the case then having Chase Sapphire Preferred is a good step to make. The card can give you $250 in cash if you have earned 25,000 points or this point can also give you $312.50 worth of airfare. A 25,000 bonus points can be gained if the cardholder was able to spend at least $ 3,000 on the first three months.
Another reward card that has a great introductory offer is the Citi Gold/AAdvantage World Master Card. This card offers 30,000 bonus points for cardholders who have spent $750 within the first three months. The points earned can be used on American Airline flights. With Citi Gold/AAdvantgae World Master Card, all purchases earn a reward point.
Miles by Discover Card is another travel reward credit card that is offering inventions for its holders. This card gives 12,000 bonus points for the first year of the card use. For monthly purchases, 1000 points can be earned. A point is given for every dollar spent and for restaurant or travel expenses two points per dollar is given.