If you're using a rewards credit card it's important to
that you get the best credit card rewards possible. Why?
Because if you're not putting your rewards to work for you,
you're technically throwing money away. Here are some
factors to consider when looking for the top rewards cards
and redeeming your credit card rewards.
Who Doesn't Love Cash?
Some of the best credit card rewards have nothing to do
with points or miles. The best rewards are often cold-hard
cash -- and who's complaining? There's something to be said
about getting paid to use your credit card. If you pay your
statement in full each month, you won't be paying interest
and you'll be getting cash back for each purchase you make.
It's like getting paid for good spending habtis.
Double Your Rewards?
Oftentimes the best credit card rewards are rewards that
can be doubled. Some credit card companies, such as
Discover Card, allow you to double your rewards if you
redeem them at participating merchants. For example, if
you've earned $25 in rewards you'll be able to get $50 if
you use your rewards at a participating store or website.
It's a great way to get more mileage out of the rewards you
earn.
No Limits
Not all rewards programs are created equal. The best credit
card rewards are unlimited. Some credit card companies cap
the amount of points, miles or dollars you can earn each
year. If you want to get the most from your credit card
spending, opt for a card that doesn't impose rewards limits.
Understanding Miles vs. Cash vs. Points
Credit card rewards come in different shapes and sizes.
Some cards offer miles, others offer cash and others offer
points. Finding the best credit card rewards means
understanding how to compare the three different types.
Before opting for a points-based card, check to see how
many points equal a dollar. To do this, look at a monetary
reward (gift cards, etc.) and see how many points are
needed to get that card. For example, if 2500 points are
needed for a $25 gift card, it takes 100 points to earn $1.
Miles-based rewards, as a general rule, are worth from 3 to
9 cents per mile depending on how you use them.
If you're going to opt for a rewards card, why not make the
most of the rewards you get? While getting the best credit
card rewards takes a bit of research and some proper
planning, it will be well worth it when you see your
rewards stretching further and further.
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For more tips on the best credit cards, saving money and
avoiding getting taken, check out the best credit card
section at CreditCardTipsEtc.com, a website that
specializes in providing credit card tips, advice and
resources.
http://www.creditcardtipsetc.com/best_credit_cards
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