| Rewards credit cards are designed to "reward" | | | | cards. If you don't, you'll be waiting years before you |
| consumers for their loyalty by giving something back | | | | can qualify for your free flight. If you're an occasional |
| to the cardholder; various rewards programs exist | | | | spender with credit cards, you should probably look |
| including points, cash back, frequent flyer miles or | | | | at credit cards that offer rewards at lower levels of |
| merchandise. Rewards credit cards are constantly | | | | spending in order to take advantage of rewards. |
| improving because it is how the credit card | | | | Understand what a gas station is. Gas rewards credit |
| companies compete with one another to gain new | | | | cards are extremely popular now that the price of |
| customers and to keep the ones they have. While all | | | | gas is ever-increasing. They're quite generous, too, |
| rewards credit cards sound great at first glance, it's | | | | considering many will give up to 5% back on all |
| important to do a little in depth research on each | | | | gasoline purchases. But the only way to get the cash |
| before you select one. What you miss in the fine | | | | back on gas purchases on most of these cards is if |
| print might cause your rewards card to reward the | | | | you make your purchase at a "real gas station". |
| credit card lender instead of your wallet! Rewards | | | | Supermarkets, wholesale clubs or other locations may |
| cards don't reward if you carry a balance from | | | | not fit the card's guidelines and you won't earn as |
| month to month. When you use a rewards credit | | | | much cash back. Annual fees will defeat the purpose |
| card, it's typical for the card to have a higher interest | | | | of a rewards card. Usually. If you have to pay $30 a |
| rate than a non-rewards credit card. If you are | | | | year for a rewards card, chances are you have to |
| carrying a balance from month to month instead of | | | | spend $3000 before you earn any rewards. |
| paying it off at the end of each month, you're not | | | | However, if your rewards card offers double points |
| likely to earn anything from the rewards after you | | | | or double frequent flyer miles, it might be worth the |
| pay out the interest. What does "Up to" mean? You | | | | annual fee. It all depends how much you use your |
| know you've seen it. Rewards credit cards that | | | | credit card. Rewards have their limits. Make sure you |
| advertise cash back "up to" 1%. That means you | | | | understand what the maximum earnings for rewards |
| might actually earn much less than 1% cash back, | | | | are, particularly if you are someone who uses credit |
| until you reach very high levels of spending on your | | | | cards often. If your gas card gives you 5% cash |
| card. How much are cardholders paying for the | | | | back on gas purchases but it stops paying you when |
| rewards? Most credit card shoppers are comparing | | | | you've reached $300 in gas purchases, then look at |
| the points earned on various rewards cards, or the | | | | all the rewards you've wasted because of their |
| gift cards you receive. The best thing you can do is | | | | maximum limitations. Also keep in mind that some |
| figure out how much those points or rewards are | | | | rewards expire if you don't use them within a specific |
| costing the cardholder. If you have to spend $10,000 | | | | period of time. |
| in a year to get a $50 gift card- is it really worth it? | | | | This article is courtesy of CreditorWeb.com, where |
| Frequent flyer miles are great rewards programs for | | | | you can compare business credit card offers and |
| people who charge a lot of purchases on their credit | | | | apply for a credit card online. |