Finance & Investment Make your reward card pay you maximum everytime
Reward cards generally carry a high rate of interest than a non-reward credit card. To avail the benefits of a reward card fully, make sure that you repay your balance in full every month. If you miss on repayments it is very likely that credit card companies won't reward you.
The cashback mentioned in the reward cards is usually the upper limit. The amount of cash that you will earn will always be less than the mentioned limit unless your spending levels with the credit card are very high. So, it will be better to have a reward card with high cashback limit.
Credit card companies have exclusive tie-ups with stores, vendors, filling stations, airlines, courier companies, hotels, resorts, hospitals etc. To get the benefits of rewards the spending has to be done at those very places mentioned in the credit card, otherwise the rewards might not get credited to your account.
Some credit card companies give initial reward points, travel miles, airmiles or shopping discounts when you make your first purchase but they can be redeemed only when you spend a certain 'high' amount of money with your credit card. Make sure that the spending limits are low, so that you don't have to burn a hole in your pocket before getting a glimpse of that reward.
Credit card companies play the tricky game of reward limits, reward expiry, blackout dates, travel restrictions, etc. to limit the economic impact of rewards on themselves. Getting a feel about these restrictions and how they will affect the reward scheme of credit card will give a picture whether credit card company is duping you or is a genuine reward provider.
Rewards that come with credit card enhance its value and provide additional services and savings for the credit card holder. But, if a credit card holder is not smart enough he might end up paying a high interest rate without getting any reward benefit.
Related Tags: credit card, reward card, cashback, travel rewards, credit card benefits, reward credit card, gas rewards, shopping rewards
Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are