Tips for choosing credit card rewards


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Tips for choosing credit card rewards

Tips for choosing credit card rewards

Updated: December 26, 2012

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

Searching for that all-in-one credit card is no more a time consuming uphill task. While there are many lucrative offers from a multitude of companies, you need to identify the one that is customized to your lifestyle. Needs and expenditures vary according to age group and life style. Credit card companies understand these nuances in expectations. They have credit cards rewards schemes that convert bystanders` into customers.

A student for example, would need a credit card that makes every edible purchase rewarding. Reward points that make purchase of pizza (and drinks!), apparel, groceries and at last books cheaper, are more attractive and suitable to students.

A young working professional would opt for a credit card that gives airline miles to make air travel cheaper. They would even appreciate cash back on fuel purchase to zoom down on that sleek BMW or the Apache! The satisfaction gained from having a credit card that allows you to skip paying, for filling up the gas tank for an entire month, will definitely save you from the next round of unplanned petrol prices hike. If that is not enough, drive down on that (almost) free petrol, to savour the taste of those delectable dishes in your favourite restaurant and get rewards for even that!

Many companies provide equally appealing offers on Cash back bonus. Select a credit card that provides higher cash back bonus offers on goods that you are most likely to purchase. The extra money earned from this hard endeavor can be spent on miscellaneous ventures with your close friends.

If saving your hard earned money is your passion, then go for a reward credit card that gives cash back on every purchase made; groceries, gas, food, travel, shopping (online and offline) to gift vouchers, home appliances, cosmetic and donations to charities are only a few which you may offer a variety of points. You can even select redemption options that are most suited to you, to redeem reward points from the entire range.

So the bottom line is to read the reward policies of various banks before signing up for that credit card! Find one that matches your needs. Opt for a credit card that has low interest rates and a low or no annual fee.

After getting a credit card, make sure that you don`t do anything that allows the Company to forfeit your accumulated reward points. Pay the card bill before the due date. Doing this will not only keep the interest rates low but also keep your reward points alive (literally). In a low cash month, make sure that you pay the minimum amount due for the bill and carry forward the expense to the next month. Many banks provide this facility at nominal charges. Check the rate of interest for minimum payment.

Regularly check the points accumulated after your monthly purchases to redeem any reward points that are about to expire. With an online account you can calculate the reward points and cash back bonus on the company website.

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:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... 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!