Credit card companies give out a lot of rewards cards to get more people to use their cards. All of them have cash back or rewards programmes, and most of the time, you need a good credit history to get one.
With a rewards card, you can get extra money or points when you buy things. You can take part in a rewards programme if you use your rewards card when you shop. Try to pay for as much of your normal spending as you can with your card.
There are different rewards depending on how you live. You can earn points for free travel, book, music, movie, or any other gift certificates from top retailers, etc.
There are different kinds of these cards. People who want to get gas rebates can earn on all of their gas purchases at certain stations.
Travel reward programmes are the best choice for people who travel a lot. They can join programmes for people who fly a lot. Many of the big airlines, like American, Delta, United, Continental, Northwest, USA, etc., let you use earned miles to pay for flights.
Brand-specific rewards are only helpful if you use the brand regularly. For example, the Sony Platinum Visa Card is great for people who like electronics, music, games, and other forms of entertainment that Sony offers as rewards.
The Subaru Platinum MasterCard from Chase is a rewards credit card that is great for people who want to buy a Subaru car or other Subaru products, or get regular maintenance (like an oil change) at an authorised Subaru dealership.
Most of the time, the interest rates on rewards cards are higher than those on other cards. If the interest rate on your rewards card is too high, it's not a good deal to use it. But you can also find cards with interest rates that are really good.
There are some bad things about these cards, so be careful. When reading a review of a card, you should always read all of the text, not just the parts that are highlighted. There are some rules that make it harder than usual to get those rewards.
Most of the time, these rewards cards have an introductory APR of 0% or less on purchases and balance transfers for a few months and no annual fee.
Keep in mind that the best deals are only good during the first few weeks, and make sure that the terms will still work for you after that.
The card has a low interest rate for purchases and balance transfers if the balance is paid off in full during the grace period.
You can report a lost or stolen card, get cash and a replacement card in an emergency, get insurance for a rental car, and more with these cards.
Even though rewards cards may not be clear at first, they are more than worth it because of what they offer. Cash-back programmes may be easier to understand and calculate than other types of reward programmes.
