In today's credit card world, companies are offering a growing number of reward programs. The reason? They are competing for more customers. This is great news for you, the consumer. You now have more ways to benefit from a rewards credit card than ever before.

Consider your Options

With so many choices, finding the right rewards credit card can feel overwhelming. As you sort through your options, consider which credit card can best benefit you. If you regularly travel, look into cards offering gas rebates or hotel stays as rewards. If you live near an airport where a particular airline has its hub (for example, one of Continental's hubs is in Houston; Northwest has its hub in Minneapolis), you may want a card that includes miles for that airline. If you get a thrill out of receiving money for using your card, look into a cash back card.

To ensure that you are getting the best deal for your lifestyle, read through the fine print. Some credit cards include an annual fee for the reward program. Others have a high interest rate attached to the card. If you use the credit card infrequently or regularly carry a balance, the benefits of these cards may not outweigh the costs.

Reap the Rewards

Once you have chosen which rewards credit card is best for you, you can look for ways to make it advantageous. Think about buying groceries with your credit card; then pay off the balance each month. If you shop online frequently, start charging your purchases on the rewards credit card. By using your card during the month and then paying off the balance, you will be able to accumulate points and rewards at a fast rate.

Some rewards credit cards come with an initial 0% APR on purchases and balance transfers. This allows you to pay off a balance, interest-free, while earning valuable points. This is a good way to get rid of overhanging debts and still enjoy the rewards.

Discover Miles Card

One great option for the frequent traveler is the Miles Card by Discover. With this credit card, you'll earn one mile for each dollar spent on general purchases. For every dollar that you spend on travel and restaurants, you'll receive double miles. In addition, you'll earn 1,000 bonus miles every month that you make a purchase for the first twelve months. This can earn you up to 12,000 miles - an excellent way to start! Redeem your miles for tickets on a variety of airlines.

Another benefit from the Miles Card by Discover is the 0% introductory rate on purchases and balance transfers for the first year. There is no annual fee, and you'll receive a regular low interest rate if you qualify.

Chase Flexible Rewards Platinum Visa Card

With the Chase Flexible Rewards Platinum Visa Card, you'll enjoy a reward program with plenty of variety. Start by earning one point for every dollar spent on general purchases. You can use the points toward airline tickets, car rentals, hotel stays, and more. There is no annual fee. You'll also receive a 0% introductory rate on purchases and balance transfers for the first six months.

The options are out there. Now it's up to you to take advantage of the many offers available. With a little research and planning, you can make the most out of your rewards credit card.