Posts tagged: interest free payments

Rewards Cards Are My Best Friends

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There are many types of credit cards out there. So when you are searching for a good one, you should take into consideration what you can get back by using that credit card. Sure, you can get the lowest interest rates ever, make your payments on time, and end up saving money, but is there such a thing as making money with a credit card? Many people associate the word “credit” with the word “debt”, but when you use rewards credit cards, you can actually get money back from the things you bought on a credit card. Think of it as buying something on credit and getting a free gift to go with it. How much you spend depends on what the free gift is. Here are a few examples of the kinds of rewards you get by using these certain credit cards.

Points

Rewards cards will often give you however many points for a certain amount of money that you spend using your card. After a period of time, you can cash in your points to get discounts on certain items, such as gasoline, food, clothing, travel, and sometimes you can even trade them in to get cold hard cash. The longer you let your points rack up, the more rewards you get at one time. In a way, it’s like getting back some of the amount you spent on your card.

Travel Rewards

If you use your credit card to travel by air a lot, you can build up your air miles. Buying an airline ticket with your credit card earns you a lot of points, allowing you to get huge discounts on airline tickets. With some cards with specific rewards, you could get points added on if you buy a new car with your credit card. In any case, if you travel a lot, a travel rewards credit card will allow you to get discounts on your traveling expenses.

Zero Balance Credit Transfer

Some credit cards offer you the opportunity to transfer your balance from another card to theirs, giving you the benefit of having interest free payments if you pay them within a certain period of time. This is beneficial if you have high interest rates on one of your existing cards and wish to get them down at least to a low number. This allows you a certain period of time to pay off your debt with absolutely no interest to worry about.

If you are shopping around for a good credit card, why not get one that will give you a little back? Saving money in any case is a huge opportunity, and rewards programs allow you to get back some of what you spent. Depending on the type of person you are and your spending habits, it is up to you to decide what type of rewards credit card will be most beneficial to you. The biggest thing is to pay your credit card bills on time. If you make a lot of late payments, these rewards are not applicable to you because you don’t pay back what you spent.