How To Maximize Credit Cards Rewards

2007-03-08 10:33:40

( Financial )



Before looking for the maximum pay off on your credit cards, you should evaluate your spending habits. You should research on rebates, rewards and other perks. But you should also be aware of the rules attached to these bonuses when you use your credit card. You should ask yourself if you are getting the maximum rewards possible and if you are taking advantage of what your credit card has to offer.

We all want to get the most out of our credit cards. But if you are a credit card holder that habitually carries a balance on their credit cards, reward cards are not the best option for you. You may want to consider switching to the credit card that has the lowest interest rates. You may even want to take advantage of 0% APR offers. Interest rates are lower for credit cards that do not offer credit cards rewards of any type.

If you want to make the most of out of your credit card rewards, you should start by perusing promotional mails from your credit card companies. More often than not, the ones we consider junk mail include information on how to double your rewards or how to get maximum rebates based on your spending.

You should know the rules when it comes to your credit cards rewards. If you want a card that has a frequent flyer program, check if there is an expiration date for the miles you earn on your credit card. If you fly sporadically, get a card that does not impose an expiration date for frequent flyer mileage. If you fly with multiple airlines, get a card that allows you to apply your miles to several airlines, not just one.

You should also check for flexibility in your credit cards rewards. If you do not want frequent flyer mileage, you can use your rewards for something else. A lot of credit cards allow you to convert your points to pay for tuition or even hotel accommodations. The Disney Visa card for example has points that can be converted to theme park tickets.


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