Rewards Card - What to look for and what to avoid

In the old days, credit cards were primarily payroll, which would earn airline miles. These cards still exist and are very popular, but now you can make a whole new iPods, tickets to Disneyland deserve.

It all seems very impressive - you use them like any other card, but every time I used to earn "points" in the direction you want to reward, whatever that is. These cards can be a real boon for your holidays, your Christmas shopping and perhapsYour wardrobe. But there are some things to keep in order to strike a careful e.

Not all cards are the same premiums. That is, are some restrictions which should be few benefits from the map results. Let's look at some important considerations you should be rewarded for selecting a card.

First, because you want to consider a paper to be rewarded. Want to earn airline miles? Good in some stores? Whatever it is, make sure thatprovides the right kind of reward for your needs. If you choose an airline card, airline flights, but only limited by your local airport, you should be an airline card, you can really maximize the benefits received.

Similarly, if you find one that offers double points for purchases like gas and food, but use the card primarily for the purchase of travel and clothing, not collect many points.

The lesson here: read the fine printhow to get the best bang for the buck card prizes.

Second, always read the fine print before you sign up. It could therefore be easy to sound more rewards you earn, but you will find that with most of the points of the map does not match dollar for dollar. This means that if you spend $ 100, is not necessarily earn a hundred points (or miles, or whatever your card that awards). You can earn 500 points for each $ 1,000 for the purchase. If your card rewards you with store gift certificates to one of his favorite placesYou spend maybe $ 1,000 to earn a credit of $ 10.

The lesson here: This lesson is the same as our last, the fine print to read, and in this case, a bit 'of mathematics. The small type on hand, do the math to figure out if this is a good deal for you. Would you have enough money each quarter or a year to obtain satisfactory premiums?

Third, you use the card as often as possible. Of course you do not want your revolving balance between months, but for freeeverything normally in cash. If you can pay the balance each month, then it makes sense for all premiums paid by credit card - you'll be surprised how quickly increase your rewards when you use the card for everything from food to gas film tickets. And do not forget recurrent costs - such as your satellite or cable service, your utility company, and the like. If you can use to help pay for these services.

The lesson here: if youBe careful with credit card, you can earn rewards faster by using the memory card to a series of purchases.

Finally, do not lose rewarded. Ensure that could affect the due date (or blackout dates) or whatever, when and how you use your chances. It would be a pity to earn prizes and just hard to lose because they do not pay attention to the fact that some fine print.