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Research: Which credit card rewards should you go in for? - Credit-Land.com

When applying for credit cards, there are a number of features that you might come across. However, one of the things that is bound to catch your attention would probably be the credit card rewards. Considering the sheer number of people out there that are interested in getting credit cards, credit card companies have to be absolutely sure that they can design offers that are made to catch the attention of different individuals that might show an interest in these cards. Hence, you, as a customer should be familiar with spotting the good rewards from the bad ones.

Cash back offers

An extremely popular kind of credit card rewards would probably have to be the cash back schemes that are provided by a number of different companies that are out there. You should know that these offers are not necessarily the kind that might be advertised and in most cases, do have a catch attached to it. Hence, it is important to know how to spot these catches and not to fall for them. Cash back schemes have a lot of restrictions, so read carefully before you can base your decision on this alone.

Point system

Another popular kind of credit card rewards that is provided by many major credit card companies out there is the point based reward system. Card patrons are provided with points every time they swipe their credit card or make use of it in any particular place. In this manner, they will be able to accumulate a ton of points and essentially use these points in order to redeem certain kinds of rewards. Clearly, this is an interesting scheme, wherein you get something for making use of the card regularly. Many people do consider this as a good reward system and depending on the card that you have, this just might be the system that you would require.

Merchant based discounts

With constant tie ups with leading companies in the industry, many credit card companies today provide end users with the option of merchant based discounts. This kind of credit card rewards is quite useful as well, and in many ways, provides the end users with the ability to get discounts on everyday commodities. Hence, it is an extremely useful option to have and take advantage of. Not only do you get spectacular credit card discounts, but you will also be able to zero in on select merchants.

Thus, depending on what is favorable for you, you can pick and choose the right kind of credit card rewards to go in for. Don't be too worried about what it is that you end up choosing, mainly because you will be provided with a significant number of options. Hence, do consider different schemes of rewards, just in case to see how much you might end up saving in the long run. After all, you wouldn't want to lose out on a great deal simply because you didn't look closely enough! In many ways, this is something that you would want to have on your record.

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.