Some of us use credit cards quite often. We use them for business purposes, personal purposes, emergencies, as well as other things. But did you know that by using certain credit cards you can actually receive rewards back on your purchases!?! Who knows, you might own one of these cards already and you didn't even realize all the cool stuff you could be doing with it! In most cases the rewards you receive come in points. When you get enough points you can spend the points on things like airline tickets, travel arrangements such as hotels and motels, gas and even receive actual cash back! This is definitely something you are going to want to look into, especially if you use your credit card pretty often because that's the whole reason for even having the rewards credit cards!
A few years back I ended up getting a Blue from American Express mainly because it had really good stats but also because it's a rewards card. This one incidentally allows you to earn point that can be redeemed for gift cards, travel, merchandise, and entertainment purposes. Another one I always liked was the Starwood Preferred Guest credit card which allows you to earn up to 25,000 StarPoints for X amount of nights at Starwood hotels. There are many different rewards credit cards that could definitely pique your interest, for example:
Hilton HHonors Platinum -
- Earn up to 50,000 HHonors bonus points when you get the Card
- No Annual Fee
- Receive 5 HHonors bonus points for each dollar spent at Hilton Family hotels including Doubletree, Embassy Suites Hotels, Hampton Inn and more and for eligible purchases at supermarkets, drugstores, gas stations and more
- Get 3 HHonors bonus points for each eligible dollar you spend everywhere else
- No Blackout dates
BP Visa Rewards Card -
- Double Rebates for two months
- 5% rebates on all participating BP location purchases
- 2% rebates on all eligible travel and dining purchases
- 1% rebate on all other eligible purchases
- No limit on rebates
- No annual fee
There are also other cards made just for certain airlines such as Delta, American Airlines, JetBlue, etc. These will allow you to use major manufacturers such as Visa, Discover and MasterCard but also receive rewards back from the airline company attached to the card. So, if you have a Delta card, then you could receive a certain amount of money off on your tickets or even receive free tickets! These types of cards are obviously for people that want to travel or travel a lot. After all what's the purpose of accumulating 50,000 points for 6 free tickets if you are never going to use them!
Best Credit Cards Rewards
What type of reward do you really want? Rewards credit card may offer travel rewards, gas rewards, and cash back rewards. Which type of reward really suits your lifestyle? Make sure that the reward program you'll choose is something that you can really benefit from.
Does it have an annual fee? Some reward credit cards charge for a high annual fee to continue your membership in the rewards program. If this is the case, does the annual fee off set the rewards you earn for the whole year? For example, if you need to spend $100 or more for the annual fee just to get a $50 reward points, then that's not much of a benefit. However, there are many reward credit cards today that offer a free annual or a low annual fee plus the chance to earn unlimited reward points which truly make a great deal.
Does the credit card have a fixed rate or a variable rate? Most reward credit cards have a fixed APR or 0% APR as introductory offer. However, when the introductory period ends, a variable APR applies. Bear in mind that this means your interest rate will be based upon the Prime Rate so there is a risk that when the Prime Rate increases, your APR can also be incredibly high. Also, remember that credit cards have a minimum cap which means even if the Prime Rate falls dramatically, your interest will not go below the minimum cap.
How much will it take before you get a reward? Study carefully the point system that applies on the credit card reward program that you choose. You need to be especially aware about the exact conditions when it comes to earning and redeeming rewards even before you sign up the card.
Does the one point per dollar spent policy apply on general purchases or does it only apply to purchases you've made from selected stores? If so, then you might want to consider if the affiliate shop you need to purchase from is a store that offers reasonable prices. If you need to buy from an expensive shop every time just to collect points, then you might only be spending more than what you can afford.
Is if there is a limit on the number of points you can earn? Is there also an expiration period for collecting rewards? Will the rewards be forfeited if not redeemed after a certain time period? Be sure that the credit card you choose will give you enough time for collecting and earning points, especially if it's a travel rewards card. Otherwise, you might end up collecting points in vain just because you didn't earn enough points in time. Better yet, choose the rewards credit card that lets you save as much point as you can for an unlimited period.
Both Kristi Ambrose & Ann Wilson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Kristi Ambrose has sinced written about articles on various topics from Diamonds, Consumer and Guide Guitar. This author is a huge fan of . Kristi Ambrose's top article generates over 1220000 views. to your Favourites.
Ann Wilson has sinced written about articles on various topics from Student Credit Cards, Credit Cards and Airline Credit Cards. Whether you're looking for a Airline Credit Cards, Gas Credit Cards, Cash Rewards, Travel Reward Credit Card or other reward programs, you can find what you need based on the type of reward the credit card offers in. Ann Wilson's top article generates over 14800 views. to your Favourites.
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