Rewards Points Credit Cards have become popular in recent years. People always want to get something back for using a card to buy things. There are rewards cards for all sorts of different stores and purposes. From clothes to hardware, and from airlines to hotels, you can get rewards points from buying just about anything. That being said, not all Rewards Points Credit Cards are created equal. Some cards will offer greater rewards for different types of purchases. Because cards can be different, you should learn everything you can about how to use a Rewards Points Credit Card.
Find a Long Term 0% Introductory APR: The best kind of card to get would be a reward points card with the longest zero introductory APR period. If you can get a card like this, you will have a lot of time to spend money that doesn’t require you to pay interest. There is a lot that needs to be done early on to take advantage of the benefits of a credit card.
Find the Best Bonus Points program: Almost all Rewards Points Credit Cards will award you with even more points if you spend a certain amount of money within a period of time after getting the card. Usually, you will find that the shorter the time period you are given to spend the (smaller) required amount of money, the smaller the reward. In the opposite extreme, longer time periods require bigger spending and offer bigger rewards. If you are planning a vacation, you should get a long term bonus points program card just at the start, to guarantee you to spend enough worthwhile money for you to earn more points back.
Find the Best Balance Transfer Program: All Rewards Points Credit Cards will have a percentage or a set rate fee that applies to converting your rewards points to cash, statement credit, or whatever the case may be. This means that, although you have collected a large amount of reward points, you have to spend some of them in order to get them. To put it simply, transfer fees mean you lose some of the money you earned! If you want an excellent Rewards Points Credit Card, look for one that has no balance transfer fee at all. These are rare, and they require the best of credit scores.
Make a Plan and Stick to it: If you want to really get your money’s worth, (or your credit card company’s worth, depending on how you look at it) you should plan your expenses ahead of time. You should know what major expenses you need to make, and arrange them so that you can earn the bonus points available during your first few months of having the card.
Always, Always, Always, pay on time: The most important part to having any credit card, rewarding or not, is to pay your credit card bill on time. This should also be the most obvious piece of advice, but that doesn’t stop people from having trouble with it. No matter how easy you may think it is going to be to make full payments on time, your APR is going to sneak up on you, or an emergency purchase will come up. You should be prepared to pay off your credit card well before you get it.