You are Here: Home
> Credit
Cards > Credit Card Rewards
|
Credit Card Reward Programs |
First, compute what you are spending
versus what you are paying. In other words, if you are the type
who cannot pay back a credit card balance in full every month then
there is no point in trying to chase those rewards points with additional
purchases because you are already losing money from interest charges
or late fees.
You should also look for any hidden costs. There are certain reward
credit cards that actually carry additional costs like processing
fees. Some of the fees may actually be more than the cost of the
reward itself.
There are numerous credit cards out there that offer their own unique
rewards programs. Try to find out which cards offer the rewards
that you want or will have use for. For example, a rewards program
that centers on petrol rebates is not useful if you rarely drive.
This also applies with rewards cards that give you frequent flyer
points. Credit card companies pay more to give this kind of reward.
But if you know that you will not be able to charge enough to redeem
airline miles or if certain restrictions will prevent you from redeeming
your rewards, then you are better off getting another card that
does not offer airline miles. If you are at a loss as to what kind
of rewards program to apply to, consider getting a debit rewards
card instead. A debit rewards card offers far fewer benefits, but
it also gives you the opportunity to avoid running a debt on your
credit card.
Credit Cards with Rewards
• Frequent
Flyer Visa Card
• BP-Citibank
MasterCard |
|
|
|
