Tips for harnessing the complete potential of rewards 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 » Tips for harnessing the complete potential of rewards credit cards

Tips for harnessing the complete potential of rewards credit cards


Updated: December 26, 2012

Add to Favorites:
Every single person today has opted for or is opting for a reward credit card. It is exciting to read about offers and winning something at the end of spending a good amount of money is always a joy. It is not however necessarily the only reason to go for a reward credit card. Think of how much it will cost you. There will be an APR which is higher than on a regular credit card. Moreover there will also be certain charges applicable like an annual fee. Reward credit cards can make things get really out of hand if you are not careful. Consider your reward credit card, do you know exactly how much you have to spend in order to earn that free dinner or the free air ticket. And check how often has the free coupon or seats been available when you really wanted it. A lot of the time reward credit cards are just gimmicks meant to lure in folks to spend more money. You do not realize until you sit down and do the numbers that you have spent far more to earn that reward that what it is actually worth. Credit cards and their rewards have had many people signing up without thinking of the terms and conditions involved. Certain reward cards claim cash back offers. Sounds like the ideal deal, earn while you shop. But then, you may find that the cash back offer is valid only on purchases above a certain amount or on certain brands. Check before signing up, how useful a reward card really is when considering your shopping habits. If it’s a loss then don’t opt for it. You will simply end up with hardly any benefits and a really expensive bill every month. Reward credit cards sound like a painful experience so far, but it is not always the case. For many people it is quite useful and it gains them entry into many exclusive events. Frequent flier miles are great when you have a large family and travel by air a lot. It is also good to receive special consideration in booking tickets for events, movies and other occasions. Certain reward cards double as privilege cards which are only for exclusive people. They are expensive, but then those who can afford them find it worth their money. It is a ticket to parties and people who belong to the celebrity category many a time. All said and done, reward credit cards are just as important as your regular credit card if you can afford them. You have to spend time reading up on what it entails of course. Every term and condition should be carefully understood before you opt for that brand new reward credit card. There are many occasions where people have ended up with huge losses because they were unaware of exactly what they were singing up for. Don’t make this costly mistake, rather check everything thoroughly and use it with discretion to enjoy the card and its benefits.

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.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading