Credit card holders love to obtain rewards credit cards.
And why not? Rewards credit cards give bonuses and
privilege to its members by simply using credit cards on
their purchases. However, not all rewards credit cards are
suitable for all types of people. Using the wrong types of
credit cards can be more of a disadvantage rather than an
advantage if not correctly used. Thus, as a consumer, you
need to make sure that you'll get the one suitable to your
needs and lifestyle.
All rewards credit cards require its users to gather points
in order to get a bonus or an incentive. Points are
collected with each time the card holder makes a purchase
using his credit card. Different credit cards give
different points equivalent to every dollar of purchase.
When the card holder has collected the minimum points
needed, she can claim his bonus or reward.
Credit card rewards come in different packages. There are
credit cards that especially provide free travel
privileges, gas rebates, cash rebates on purchases, cash
back rewards, discounts, freebies and a combination of all
these bonuses. Hence, you can select your preferred type of
reward that you can most benefit with.
An important reminder for rewards credit card holder is to
select the card that matches their spending. For example, a
frequent travel miles card may not be best for those who
only use their credit cards once in awhile. It will usually
take a huge number of mileage points before you can receive
your travel reward. Thus, you may need to make a very large
amount of purchase before you can collect the minimum
number of mileage points required to travel.
Those in business generally make large purchases so they
can easily collect mileage points with a travel rewards
credit card. On the other hand, for those who only use
their credit cards for their personal needs can perhaps
best benefit from a gas rewards credit card of a cash back
rewards credit card. This is because these cards usually do
not entail very large amounts of purchases before the card
holder is able to redeem rewards.For instance, with a gas
rewards credit card, you can get a 3% to 5% rebate on your
gas purchases. Imagine how much money you'll be able to
save in an entire month by adding up all the rebates you
earn for this whole period. Also, some credit cards award
1% up to 10% rebates on all purchases while others use a
point system to give rewards. There are credit cards that
give 1 point for each dollar spent on your account while
other card issuers give double points for each
dollar.Obviously, you need to choose your rewards credit
card very carefully. Don't forget to review all terms and
conditions that apply to that specific rewards credit card
you're applying for. Furthermore, bear in mind that the
important thing with owning a credit card is to pay your
balances on time. Otherwise, you may lose your privilege of
redeeming your rewards and even worse, you can be facing
bad credit in no time at all.
----------------------------------------------------
Ann Wilson is the head writer of RewardCreditCardSite.com.
This resource provides consumers with valuable reviews and
information on the best credit card reward programs. Its
main objective is to help people to take advantage of
credit card rewards and start earning reward points. Visit
http://www.rewardcreditcardsite.com for more info.
No comments:
Post a Comment