How to Find the Best Credit Card Rewards
If you’re using a rewards credit card it’s important to that you get the best credit card rewards possible. Why? Because if you’re not putting your rewards to work for you, you’re technically throwing money away. Here are some factors to consider when looking for the top rewards cards and redeeming your credit card rewards.
Who Doesn’t Love Cash?
Some of the best credit card rewards have nothing to do with points or miles. The best rewards are often cold-hard cash — and who’s complaining? There’s something to be said about getting paid to use your credit card. If you pay your statement in full each month, you won’t be paying interest and you’ll be getting cash back for each purchase you make. It’s like getting paid for good spending habtis.
Double Your Rewards?
Oftentimes the best credit card rewards are rewards that can be doubled. Some credit card companies, such as Discover Card, allow you to double your rewards if you redeem them at participating merchants. For example, if you’ve earned $25 in rewards you’ll be able to get $50 if you use your rewards at a participating store or website. It’s a great way to get more mileage out of the rewards you earn.
No Limits
Not all rewards programs are created equal. The best credit card rewards are unlimited. Some credit card companies cap the amount of points, miles or dollars you can earn each year. If you want to get the most from your credit card spending, opt for a card that doesn’t impose rewards limits.
Understanding Miles vs. Cash vs. Points
Credit card rewards come in different shapes and sizes. Some cards offer miles, others offer cash and others offer points. Finding the best credit card rewards means understanding how to compare the three different types.
Before opting for a points-based card, check to see how many points equal a dollar. To do this, look at a monetary reward (gift cards, etc.) and see how many points are needed to get that card. For example, if 2500 points are needed for a $25 gift card, it takes 100 points to earn $1. Miles-based rewards, as a general rule, are worth from 3 to 9 cents per mile depending on how you use them.
If you’re going to opt for a rewards card, why not make the most of the rewards you get? While getting the best credit card rewards takes a bit of research and some proper planning, it will be well worth it when you see your rewards stretching further and further.
Watch the video related to credit card rewards
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Help answer the question about credit card rewards
What credit card rewards program is best for travel?I want to take my kids to Disney in 18 months. I don't have a credit card and am trying to figure out which one to get so we can save some $$$ on the trip.
October 7th, 2009 at 11:18 am
Hi,
You could find out and compare at this site under "Select By reward":
http://track.acclaimnetwork.com/apn_work/scripts/sclick.php?b2s=8790&SUBID=PARAM
October 7th, 2009 at 11:58 am
Hilton HHonors Platinum Card is the best hotel credit card. I have it for years now. The hotel rewards are impressive.
Yo can earn hotel rewards points for free hotel stays, gift certificates and enjoy special benefits. The best thing about this card is that there’s No annual fee; three points for general purchases; additional hotel benefits and services for cardholders; plus bonus points!
Hilton HHonors gives its card members the opportunity to earn mileage points for a free travel with not just one but 50 different airline affiliates. There are over 2, 800 participating Hilton hotels that you can stay with and earn your points wherever you are. This hotel credit card is great for frequent flyers and for often who often have to spend days in hotels and inns. With HHonors’ Double Dip® Earnings Style you can surely get the most out of your reward points and choose the reward you like. Members are also allowed to change the Double Dip Earnings Style they’ve chosen. There are three Double Dip Earnings Style that you can choose from.
Read the Detailed Review Here:
http://www.rewardcreditcardsite.com/hotel-reward-credit-cards/hilton-hhonors/
I also recommend Starwood Preferred Guest Credit Card
http://www.rewardcreditcardsite.com/hotel-reward-credit-cards/starwood-preferred-guest-credit-card/
October 7th, 2009 at 12:35 pm
there are tons of different options. compare them at
http://www.peoplesavehere.com
good credit or bad credit.
October 7th, 2009 at 7:42 pm
The best one is Chase Cash Plus. 5% cash back at grocery stores, gas stations and drug stores and 1% cash back on all other. Here is the link
Look toward bottom of page
October 7th, 2009 at 11:47 pm
Well there are cards that will pay you up to 1.5% on all your spending in general. There are also cards that will pay higher rewards percentages on some categories of spending for travel (car rentals, airline tickets, etc.). For example, the Chase BP Rewards card pays 2% back on airline tickets, hotels, vehicle rentals, and restaurants. Other cards will pay up to 3% back for your spending at restaurants and in some other categories like home improvement (e.g. the Citi Professional card). Still other cards pay up to 6% back on gas, groceries, and drug store purchases (e.g. Citi Driver's Edge). I found all these cards at the rewards calculator site here: http://www.creditcardtuneup.com/.
In general, to maximize your rewards (cash back, etc.), you'll probably want to pump all your normal spending through credit card(s) that pay the best rewards in the categories you normally spend the most. Then, just pay off your balance every month and enjoy the cash back rewards or other rewards.
To find the credit card (or combination of cards) that will pay you the most for your normal spending profile, you can use this rewards calculator:
http://www.creditcardtuneup.com/
You just plug in how much you normally spend in each of the various categories each month and it calculates how much you'll earn from the various rewards cards per year.
October 8th, 2009 at 7:26 am
American Express® Airmiles®*Gold Business Card
Uniquely tailored to meet the needs of small business, this Card not only gives you the purchasing power and customer support of American Express but also provides a fast way to earn AIR MILES reward miles. Add to this the convenience of carrying a balance, all with no annual fee.
* Earn 1 AIR MILES reward mile for every $20 in purchases1. AIR MILES rewards start at just 25 reward miles
* No Annual Fee
* Earn 100 Bonus AIR MILES reward miles the first time you use your Card2
* Shop at any of the participating AIR MILES Sponsors at over 9,600 locations across Canada with your Credit Card and show your AIR MILES Collector Card, and you can earn reward miles from both
* Simply by making your payments on time, you will receive a 3.99% interest rate on balance transfers in the first six months of Card membership and 18.5% on purchases and funds advances3
* Credit limit of up to $50,0004
* Optional Annual Management Report
Apply online at: http://www.credit-card-gallery.com/American_Express.html and get instance approval.
October 8th, 2009 at 3:44 pm
There are a few out there Discover card is a good one to have these card does not have an annual fee and offer good rewards, check out http://www.fastcreditcardapprovals.com under rewards section
October 9th, 2009 at 6:58 am
You can use the rewards calculator at this site to see which credit card will pay you the most frequent flyer miles rewards (or other kind of reward) for your spending profile:
http://www.creditcardtuneup.com/
Using that calculator, the American Express Blue Sky card looks quite good for travel rewards (for my spending profile). But there are other cards that would pay me even more in cashback, etc.
October 9th, 2009 at 9:46 am
cardnow.undonet.com – try this one. You can compare different credit cards and choose the best one for you.