With so many reward credit cards to choose from, how can
you pick the best one for you? Here are some questions
which you can ask yourself before deciding on which reward
credit card you'll be getting for yourself:
What type of reward do you really want? Rewards credit card
may offer travel rewards, gas rewards, and cash back
rewards. Which type of reward really suits your lifestyle?
Make sure that the reward program you'll choose is
something that you can really benefit from.
Does it have an annual fee? Some reward credit cards charge
for a high annual fee to continue your membership in the
rewards program. If this is the case, does the annual fee
off set the rewards you earn for the whole year? For
example, if you need to spend $100 or more for the annual
fee just to get a $50 reward points, then that's not much
of a benefit. However, there are many reward credit cards
today that offer a free annual or a low annual fee plus the
chance to earn unlimited reward points which truly make a
great deal.
Does the credit card have a fixed rate or a variable rate?
Most reward credit cards have a fixed APR or 0% APR as
introductory offer. However, when the introductory period
ends, a variable APR applies. Bear in mind that this means
your interest rate will be based upon the Prime Rate so
there is a risk that when the Prime Rate increases, your
APR can also be incredibly high. Also, remember that credit
cards have a minimum cap which means even if the Prime Rate
falls dramatically, your interest will not go below the
minimum cap.
How much will it take before you get a reward? Study
carefully the point system that applies on the credit card
reward program that you choose. You need to be especially
aware about the exact conditions when it comes to earning
and redeeming rewards even before you sign up the card.
Does the one point per dollar spent policy apply on general
purchases or does it only apply to purchases you've made
from selected stores? If so, then you might want to
consider if the affiliate shop you need to purchase from is
a store that offers reasonable prices. If you need to buy
from an expensive shop every time just to collect points,
then you might only be spending more than what you can
afford.
Is if there is a limit on the number of points you can
earn? Some credit cards give generous points for their
cardholders but only for a limited time period. Afterwards,
you may be restricted to earning just a few points in your
account.
Is there also an expiration period for collecting rewards?
Will the rewards be forfeited if not redeemed after a
certain time period? Be sure that the credit card you
choose will give you enough time for collecting and earning
points, especially if it's a travel rewards card.
Otherwise, you might end up collecting points in vain just
because you didn't earn enough points in time. Better yet,
choose the rewards credit card that lets you save as much
point as you can for an unlimited period.
----------------------------------------------------
RewardCreditCardSite.com provides consumers with valuable
reviews and information on the best credit card reward
programs. One can get in touch with the team by emailing
them using the online form located at
http://www.rewardcreditcardsite.com/contact/ or you may
email at admin@rewardcreditcardsite.com. For further
information on the features, or offers visit
http://www.rewardcreditcardsite.com
No comments:
Post a Comment