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Research: Reward programs on credit cards that you can choose from -

Credit cards have become an integral part of any individual's wallet. This piece of plastic that took birth decades ago has become a very important tool for transactions today. The increasing need for credit cards has led to the increase in the number of credit card lenders in the market today. Each of these lenders is constantly looking to expand their customer base. The competition in the field is too intense and companies are willing to go to any length to ensure they get more customers. One of the strategies that have always worked in the favor of the credit card companies is the rewards program on credit cards. Let us take a quick look at some of the rewards programs offered by credit card lenders.

Air Miles Credit Cards

This is one of the best credit cards in the market for people who live out of the suitcase. There are a number of benefits you can reap with this card. Not only will you gain points with every purchase you make, you will also be able to redeem these air miles for travel tickets, thereby saving a significant amount of money. You can also redeem the points on your card for availing accommodation facilities in any place of your choice. However, it is imperative that you read and understand the terms and conditions of redeeming points before you sign up for one.

Balance transfer credit cards

In an effort to lure customers, banks offer a zero percent interest on balance transfers. This is an extremely profitable offer for any person who has huge credit card debts that attract heavy interest rates. You can significantly reduce your financial burden if you apply for credit card under this program. Though most of the banks offer a zero percent interest for the first 12 months, there are some banks that extend this offer to a period of 21 months. Ensure you lookout for the balance transfer card that gives you the longest interest free period.

Cash back credit cards

This reward program is one of the most popular programs today. After all, who would not like to get back the money they spent during shopping? Credit card companies offer cashback of up to a certain percentage every time you shop using the card. The cashback offers are even better during festivals and other celebrations. You can choose to have this cash credited back into your account or avail gift certificates that you can use at a later time.

Gas station credit cards

With the cost of the fuel-increasing daily, gas station rewards cards are gaining popularity. You can use these credit cards at fuel stations without having any surcharge levied for the transaction. You will also gain points each time you use these cards to fuel your car or bike. These points can, at a later day, be redeemed for free fuel.

In addition to this, there are many other reward programs that you can choose from. It is imperative that you determine the usage of the card before you sign up for any rewards program.