Author: Michael Huch Added: July 7, 2008
redit card companies always have been trying to encourage their clients to use their cards more and more. They offer lots of different points, rewards and frequent flyer miles to reward you for using their card. Each credit card company offers different type ofrewards. The best thing to do is to compare cards to see which one has the rewards that you are interested in. The cash back reward is the credit cards way of saying thank you. They give you back some money on every purchase you make. Some of them start from sending you upfront check as soon as you start using your card. Then they keep on paying you a percentage from every purchase you make, usually its from 1% to 3%. Point rewards is another way credit card companies reward you for using their card. Each company offers points at a different rate. Some reward extra points on your first purchase and points for other things like buying gas with the credit card buying groceries and prescription drugs are usually all purchases that get you points. Usually, large retail stores do short-term promotions and reward customers with double or triple rewards during any period of time, like weekend or something. Once you have accumulated a lot of points you can redeem them for merchandise, gift cards or even cash back so that you can buy whatever you want. For people that travel a lot, airplane companies offer credit cards with frequent flyer miles. When you make a purchase with the credit card you earn a certain number of miles for each dollar you spend. When you have earned enough miles you can take a trip to wherever you want to go either for business or pleasure. When you are applying for a credit card for frequent flyer miles you want to make sure that you get a card that lets you travel whenever you want to and you don’t have to worry about blackout dates. You also neet to pay attention that you can fly wherever you want with no any kind of restrictions. Frequent flyer miles could save you a lot for that family vacation. To help you choose the card you need, try to think of what do you spend your money on. For example, if you have relatives in Alaska and visit them a lot, it might make sense to apply for Alaska Airlines credit card in order to accumulate points for every time you buy a ticket from this company. May be every 3-rd trip could be for free or with very good discount! Think of applying for a gas points card if you spend a lot of time in your vehicle. Think about hardware store points card if you are in construction business. All these rewards are great, but have to be careful and do not spend too much money in order just to earn enough miles for the trip for two on Bahamas. The truth is that if you had saved the money you spent on the spending spree you probably could have paid for the trip in the first place. This is the kind of mindset that the credit card company is hoping they can get you into because even though they may give you two miles for every dollar you spend they are making a lot more money than you think. Not to mention how many purchases you will have to make for a family of four to travel a thousand miles. Doesn't matter what you do with your card, you need to be responsible.
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