7 Things You Need To Know About Credit Card Rewards


BANGALORE: Credit card use has advantages. Make sure you apply for credit cards that have rewards. If you use your credit cards correctly--paying them off monthly--you can not only establish greater credit, but also get rewards for using them.

As you probably know, rewards credit cards come in many different packages. Some cards offer points toward airline ticket purchases or hotel stays; others give you points or cash-back options you can use to buy merchandise or gift cards, get cash, or pay off your balance.

1. Rewards Cards Aren’t One-Size-Fits-All

Credit card companies save their savviest marketing tactics for cards with the biggest bonuses,Rewards luring consumers in with promises of access to exclusive events and five-figure batches of miles—but the card with the most eye-popping deal may not be the card that’s best for you.

If  you are the hands-off type and just can’t see yourself separating through airline blackout dates to redeem travel miles or a drawer full of expiring rewards gift cards, you might be better off opting for a card with a no-hassle cash-back bonus any time you swipe.