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Not all credit card issuers
are evil and some of them actually try to create a win-win situation. A good example is offered by many multi-branded credit cards which give some amazing rewards to the customers. Most of these rewards are usually offered to those credit card customers who have an excellent credit rating.
The British Airways Chase card is a classic example of those credit cards that offer amazing opening bonus miles to all new credit card customers. The British Airways Visa Signature Card offers 50,000 bonus miles, 25,000 after the first purchase and 25,000 after spending 2500 dollars within the next 3 months, which should not be a problem for those whose monthly expenses are close to thousand dollars or more. These bonus miles are lucrative and could be redeemed as free trips when you are planning to go for a vacation.
Reward points with purchases
While the British Airways card offers you 1.25 miles for every dollar purchased with the card and 2.5 miles for every dollar spent on purchases of British Airways tickets, there are quite a few cards like the Alaska Airlines, which provides you 3 miles for every dollar spent on the airline tickets. These miles are very useful as they accumulate over a period of time. In fact a lot of credit card issuers have schemes wherein customers spending more than a set limit per month, double the reward points they earn on every dollar spent on the card.
This is one of the rewards credit card
commonly offered by Frequent Flyer airline credit cards. A good example is the British Airways Visa Signature Card which along with Chase offers companion award voucher if customers spend in excess of 30,000 dollars. This amount varies from card to card, and good card issuers offer this voucher for any fare on any day without blackout dates or any other restrictions imposed on travel.
Fees waived off
These are not exactly rewards in the classic sense, but in some cases, these are more useful compared to any other credit card rewards. For example, if your annual fee of 100 dollars is waived off, it represents a direct saving of cash, without the need to purchase or availing discounts. Similarly there are cards which waive off the balance transfer fee or more commonly cards like Chase and Capital One which do not charge any currency conversion fee or interchange fees when you spend on your credit card in foreign countries.
Cash back on purchases
There are quite a few cash back offers on credit cards
offered by Citi and Chase, where customers actually get back part of their expenses. This is either in the form of a check or is deducted from the credit card bill in the subsequent month. The cash back percentages could vary depending on whether you spend on fuel, entertainment or grocery. Some cards offer double the cash back percentage during the promotional period which could be anywhere between 6 and 12 months.