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Tuesday, December 16, 2008

Enjoy the Benefits of Rewards Credit Cards

By Gray Rollins

There are more and more different types of credit cards coming out on the market each and every day. So how do you know which ones are good ones to go with? Many people like the rewards credit cards as this is a way for you to get something back for the money you spend. There are many types of rewards credit cards with many different kickbacks so it can be hard to pick the best one.

When choosing a rewards credit card, you will want to look at a few factors. It is no secret that many banks are jumping on the bandwagon of offering their clients some sort of reward in hopes to draw in more customers. When looking for the right rewards credit card for you, you need to be sure that the reward is something that you will use or something that you need. For instance, you will not want to go with one that gives you miles for airlines if you never travel. You also want to look into what their fees are and their APR. Just because they have good perks, their fees may make the perks not so great as you will be paying for them in the end anyway.

There are different kinds of rewards. Some credit cards offer miles for travel voucher in every purchase made using the card. This is best for cardholders who love to travel out of the country once in a while.

Another way to earn miles is through paying the bills using the rewards credit cards. Credit cards can now accommodate different utility bills. It is just like paying the bills on cash but as you pay through the credit card you are earning rewards as well. Just make sure that you will also make prompt payments to avoid incurring interest charges.

With the way gas prices go up and down it can really pay off to go with a rewards card that will give you gas cards as a reward for your purchases. These are generally credit cars that are directly related to certain gas stations or companies. This incentive is to keep you coming back to purchase your gas from their chain. This can be beneficial for anyone so this makes a good choice where the rewards credit cards are concerned.

Another benefit of rewards credit cards is the cash back bonus for the purchases you make using the card. Some credit cards give you back a percentage on all of the purchases, while some cards give you back a percentage on a portion of purchases you made. Just beware of credit card companies that charge these rewards in the end and make sure that some fees and charges related to your card are not due to rewards.

American Express Preferred Rewards Gold Card has always been one of the best and most popular rewards cards around. Their rewards program pretty much lets you choose where you want your rewards to go to so if you work it right, you can really benefit from this program. The offer you 1 reward point for nearly each and every dollar you spend on their card. You can then use those points for entertainment events, travel and even shopping, this gold card also give you specials to exclusive events so you are sure to get a great deal.

When choosing the right credit card, go for the one that you could utilize in more than one function, go for the rewards credit card. It doubles the fun because it will not only give you the opportunity to afford the things you need; it will also give back to you some portion of the money you spent.

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