October 20, 2017

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The Tricks of a Credit Card Rewards Program

What to Avoid in a Credit Card Rewards Program

What to Expect from a Credit Card Rewards Program


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

What to Avoid in a Credit Card Rewards Program

Selecting a credit card rewards program can be a challenge. With so many cards options to choose from, it is important to be aware of what to avoid when choosing a card with a rewards program.

Avoid letting your rewards go to waste. Billions of dollars in rewards go to waste every year. Avoid letting rewards sit for long periods of time, as they become less valuable over time as the price of goods and services rise. Choose a rewards card that lets your redeem often so these awards maintain their maximum value and do not go to waste. The rewards should be easy to redeem increasing your opportunities to redeem your rewards often. Look for options to track, browse and spend your rewards online instead of having to rely on complicated phone or mailing systems.

Avoid cards that have expiration dates for their rewards. If you save your reward points for a big ticket item, it would be unfortunate to find that your rewards have expired. You should also avoid cards that charge for reward redemption. Your rewards should be a free bonus of using your card.

Avoid limited time offers. These might seem great at first and then the benefits quickly plummet. Check what the rewards are after the promotional period ends. When picking a credit card rewards program you should select a card that will benefit you in the long run. Changing cards frequently can damage your credit score.

It is recommended that the majority of consumers should avoid cards with extremely high interest rates or annual fees, but there are a few exceptions. One, if you do not carry a month to month balance on your credit card, then interests rates do not need to factor in your decision. Another exception would be if you are a big credit card spender and the rewards will outweigh the cost of the annual fee. Again, this looking at current spending and bill paying habits will help decide if you need to avoid cards like these.

Since the interest rates are high, it is also important to avoid carrying a high balance on your credit card. To receive the full benefits of a rewards program, pay off a large majority (or all) of the balance each month. Otherwise, you will spend more on the cost of interest than you will receive in rewards.

Be careful when choosing a rewards program and read the fine print. Keeping these tips in mind will help you find a card that wonĺt have you falling victim to extra fees, program restrictions and complicated reward programs.

Do Rewards Credit Cards Make up for Bad Interest Payments

And obviously, don't ever make a late payment on a credit card so your credit score will stay in good condition. The key to any rewards program is identifying at the outset what your goal is and at what cost, if any, you are willing to incur to achieve it.

Published:  Thu, 19 Oct 2017 08:06:00 GMT

Read This Before You Use a Retail Credit Card

charge significantly higher interest rates than non-retail credit card products do. However, many also offer rewards, discounts, and financing programs that other credit card products simply don't match and can be worth a look in certain cases. Here's what ...

Published:  Thu, 19 Oct 2017 04:02:00 GMT

IHG Rewards Club Select Credit Card

The IHG Rewards Club Select Credit Card can help you quickly earn free nights ... they do not participate in the IHG Rewards program. This card also offers a modest sign-up bonus of 60,000 bonus points, worth about $375, after spending $1,000 within ...

Published:  Wed, 18 Oct 2017 09:42:00 GMT

2017 Retail Store Card Survey: Customers lured to high interest cards with more rewards

... to look more like general-purpose cash back cards with more robust rewards programs, all the while charging more for the privilege, according to's 2017 annual survey of retail credit cards. Americans love their credit card rewards.

Published:  Wed, 18 Oct 2017 06:47:00 GMT

The 6 Best Hotel Credit Cards for Rewards

If you're a jet setter, there is no shortage of travel rewards credit cards to choose from. But sometimes, you get the most value out of rewards programs if you use cards that focus on a particular type of reward. For travelers, this could be airfare ...

Published:  Tue, 17 Oct 2017 05:00:01 GMT

Is a Disney Credit Card Right for You

An in-depth look at the Disney credit cards and their rewards programs. Disney has two credit cards offering big savings to Disney park goers and store patrons alike. Both the Disney Rewards® Visa® Card and the Disney Premier Visa® Card feature a ...

Published:  Mon, 16 Oct 2017 09:28:00 GMT

How to Redeem Points Using the Bank of America Premium Rewards Card

First, you'll need to sign in to your Bank of America account, select your Premium Rewards credit card ... powerful cash-earning cards out there, especially when you combine it with the Bank of America Preferred Rewards banking program.

Published:  Thu, 19 Oct 2017 09:57:00 GMT

Travel 101: Best Credit Cards for Travelers

So, what's the best piece of plastic for you Ultimately, it boils down to your travel behaviors-and marrying how you spend money traveling with a credit card's rewards program. "I always recommend having a redemption goal in mind before you set ...

Published:  Tue, 17 Oct 2017 09:49:00 GMT

You're Still Paying Credit Card Fees Even If You Use Cash

Issuers also partner with hotels and airlines to offer credit cards that earn points toward the partners rewards program. While it's hard to put an exact cash value on some of these points, consumers should be able to redeem most of them for at least $0.01 ...

Published:  Sun, 15 Oct 2017 19:22:00 GMT

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