Other
types of credit card reward programs pay you points for your purchases, typically at a rate of one point per dollar spent on the card.
You will better understand which type
of credit card rewards performs best for your spending, and be able to shop for the credit card that is best for you.
A commenter on a recent article of mine on credit card usage, suggested a follow - up post with an eye to uncovering the
mysteries of credit card rewards programs.
Banks collect more than $ 12 billion in late fees and overdraft fees a year that can wipe out several
months of credit card rewards if you're not careful.
Cash back rewards are the most
straightforward of credit card rewards, providing simple redemption options that typically include a statement credit or a deposit into a qualifying bank account.
That said, you can still find a variety of credit card options perfect for starting your credit journey, including some offering your first
taste of credit card rewards.
With so many different shapes and
sizes of credit card rewards programs available in the current card marketplace, the hardest part of earning rewards on every purchase is often choosing the right card.
It sounds like something your dad might say, but in the
case of credit card rewards programs, it's true: you have to spend money to make money.