Making the right choice when it comes to rewards credit cards

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 » Making the right choice when it comes to rewards credit cards

Making the right choice when it comes to rewards credit cards


Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.
With the credit card industry getting competitive and choosier by the minute, consumers need to make clever choices to get the most out of their card. You may enjoy reward credit cars, but if you choose the wrong ones, you will be earning futile gift coupons or reward points which you really cannot redeem. There is also often a tendency to overspend on a reward card than anything else. Reward cards have continued to grow in the U.S. markets as the most popular currency used by people. The cash value of a reward card is far lesser than a dollar, but the idea of earning while you spend appeals to many and people end up blowing far more cash than they ought to. When looking to get a reward credit card you need to understand that there is no single card that is the best. There are a number of cards in the market and you have to pick one based on a single feature that is most useful to you. When opting for the cards consider what you spend most on. Do you travel a lot, or do you shop a lot for groceries or gas? Based on which one is most frequent you can pick a card that lets you earn rewards on it. If you are a frequent flyer, there are reward cards where you get flexible points which can be redeemed on various slight tickets on holiday destinations. There are also deals available on hotel stay and food. Check with your bank about what rewards credit cards will suit you best and apply for one. Card issuers these days are making it more difficult for consumers to collect rewards therefore it is important to see your spending habits and compare which cards offer the best benefits. There are a number of websites that offer a comparison and help you choose the one that is most appropriate to your needs. The idea of earning rewards is extremely inviting and many consumers fail to look through the actual terms involved which are what leads to mistakes and losses. Look at which rewards credit cards give the most points and which ones are most useful to you personally. Also look for flexible reward options rather than fixed gift card options as these will be easier to use and redeem. As with any other type of credit card, you have to completely understand the terms and conditions involved in reward credit cards. If you find that the interest rate is high or variable you need to check that out and see if it works with regard to the income you earn. There are sometimes additional fees involved in cashing in reward points especially with travel reward cards, and also inadequate availability in many cases. Check with your bank thoroughly before applying for a card so you know it will really be useful for you. Additionally also check expiration dates on the card and any other terms and conditions that may apply to them.

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.

Related Research:

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… 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!