Cash back and rewards are great, but the interest charges can sink you if you don't
regularly pay off your balance each month.
Not exact matches
Whether a charge card or a credit card is better for you depends on how confident you are in your ability to
regularly pay off your entire
balance due on time (or the flip side - whether you need external pressure to force yourself to be responsible with credit), how regular your spending habits are from
month to
month, and whether you're okay with a limited choice you have to
pay for each year.
If you
regularly keep a large
balance, such as a sizeable capital expense that your company is
paying off over multiple
months, interest rates should be your only priority, and a card with the very lowest interest, regardless of its rewards (or lack thereof), will likely make the most sense for you.
Rewards: for people who plan to generally
pay off balances every
month and are looking to benefit from using their card
regularly.
While the company's Retirement Rewards Card shouldn't be the focal point of a customer's retirement strategy, it can boost retirement savings efforts of cardholders who use the card
regularly and
pay the
balance off each
month.