Which credit card rewards are considered to be the best?

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Which credit card rewards are considered to be the best?

Which credit card rewards are considered to be the best?


Updated: December 26, 2012

Credit cards were once for the privileged class. Owning and operating a credit card required a large deposit and a regular reliable source of income. However nowadays, credit cards are being offered to everybody who has reached a certain age. Even teenagers are availing the benefits of credit cards with the help of their parents. Credit cards are now being marketed as a mass commodity and credit card rewards are a way of enticing the customer. The types of reward schemes vary with the different types of banks. And it also depends on the type of customer. Credit card rewards are not something that can be chosen arbitrarily. You will have to in most cases pay an annual fee in order to take advantage of the scheme. When you choose a rewards scheme, make sure it suits your lifestyle. Getting an air miles reward scheme when you are having to deal with a full time job can be counter productive as you cannot use the air tickets that you gain from the rewards scheme. If you think that you can take a long vacation after a couple of years, you are in for a surprise because the points will be forfeited after a certain period of time. Firstly, try to figure out how much free time you have in your life. Then find out what sort of merchandise you will need for say Christmas or New Years Eve. If you are an avid shopper, you will find that the points based schemes are more beneficial for your needs. But remember that a point’s based scheme will require you to be loyal to a certain merchant whenever you make purchases. Another reward scheme is the gas miles. This offer is ideal if you are a frequent driver, and you will fill it up every week. You need not go shopping for stuff that you do not need or you do not need to worry about taking a vacation to use your air miles. All it takes to use up your gas miles is to fill up again and get to work everyday. It is a very ideal money saving scheme. But if you do not want to worry about buying commodities with your points, you can settle for a cash back scheme. Cash back offers are the best for people who just do not want to worry about where to buy essential items or gifts. The money will automatically be credited to your account without you having to worry about claiming the points on time.

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.
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:

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!