Things to be Aware of When Choosing a Rewards Cash Credit Card


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Credit Card Applications » Research » Guides » Travel with Credit Cards » Things to be Aware of When Choosing a Rewards Cash Credit Card

Things to be Aware of When Choosing a Rewards Cash Credit Card

Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.

A lot of us are guilty of this: we usually sign contracts and agreements without even reading the fine print. This is real big mistake. When there are things which you find undesirable in the end, you just can't turn back for you have already signed the agreement. Just a simple act of failing to read and understanding the fine print of your credit card could cause you a lot of cash.

When analyzing your cash rewards fine print, here are some things that you need to give a close look at to make sure that everything is clear before you start swiping your plastic card:

When paying for your credit card bills, you've got an option to either pay the balance in full or just make a minimum monthly payment. When you usually opt to make the minimum payment then getting a rewards credit card is not for you. Remember that rewards cards have higher interest than the non-reward ones so you'd only be burdening yourself paying for interest charges and the high fees that go with rewards cards.

In credit card policies and agreements, you'd usually find the phrase 'up to'. When you see this, don't expect that you'd be receiving what you're expecting for more often than not, you'll receive lesser than what's expected. In most cases, it takes years before a cardholder is able to receive and enjoy what this 'up to' rates are all about.

When you apply for cash rebates reward then make sure that your card is recognized on real gas stations. There are instances when gas rewards or rebates aren't accepted at supermarkets or market clubs when you make a gas purchase thus giving you lesser benefit of enjoying what's called a reward.

When checking for rewards, look not only on the rewards and the points you'll be earning. You too should know how much the rewards could cost you. If you spend more than the cost of the reward then it is not a reward after all, you bought it as a matter of fact and is only masked as a reward. This could be a trick that will have you spend more for an item which is supposed to be gotten free.

The next time you go looking rewards cards, you already know the details you should never miss out. Enjoy all the benefits your credit card could give you.

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.
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