Rewards Credit Cards Can Cut Down Christmas Expense
Finance Globe
November, 2006
Disclosure Statement
Introduction to Rewards Credit Cards:
Rewards credit cards are generally available to applicants with good
to perfect credit histories. They are available in dozens of categories, such as miles cards or cash-back programs.
Rewards vary with each card offer, and can be really "rewarding", especially
when the account balance is paid in full before interest charges apply.
How Rewards Work:
Credit card issuers make money for charges cardholders make, and
rewards cards usually pay a percentage back to you in some shape or form. You
can expect to redeem rewards at a card issuer's website, by phone, or a
catalog. Some exceptions apply, such as cards that support charity and
organizations.
Cutting Your Holiday Shopping Expenses:
I am a true believer when it comes to rewards cards.
Rewards really do add up fast. For instance, a total holiday bill of
$1500 with 2% cash back rewards will put $30 back in your pocket. Certain programs offer more, especially
store reward programs. It's not uncommon to see 10% discounts or rebates
that can amount to $150 with the same holiday bill. In just 5 years with
holiday shopping on this spend and rewards rate, you can see $750 by
just having and using the right card.
Conclusion
Don't quit using your cards after the holidays! Just think of all of the
expenses that can be paid with a credit card versus a debit card, non
rewards credit card, cash
or check. As long as the vendor doesn't charge fees to use a credit
card (common with utility companies), annual rewards can really stack up fast,
and so can credit card debt. Don't get out of control with a card during
the holidays, or any day. This article was written with the assumption
that readers are paying off credit card debt before interest charges
apply to an account. This is the only true way rewards work, unless a 0%
intro APR is in effect.
Well, that's it. We hope that you will find the reward credit card
that you want or need through Finance Globe.
Our Rewards Categories
Some of Our Favorites
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Cash Back |
Discover® Platinum Clear Card -
0% Intro APR* for Purchases and Balance Transfers for 12
months. Full 5% Cashback Bonus® on Get More Program
purchases throughout the year when you shop at places like
bookstores, home improvement stores, gasoline stations,
restaurants and more*. No Annual Fee
|
|
Cash Back |
Free Cash Rewards(SM) Visa® - Earn 1 point for every dollar in purchases - Choose from a variety of great brand name products. 1,000 Bonus Points with your first purchase. Intro 0% Fixed APR for up to 12 months* on all purchases and balance transfers |
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Savings |
Toys "R" Us & Babies "R" Us MasterCard® - Earn 4 Points per $1 spent in eligible purchases at Toys“R”Us & Babies“R”Us with the NEW Toys“R”Us & Babies“R”Us MasterCard* Get a 10% Savings Reward Certificate, valid at any Toys“R”Us & Babies“R”Us location, when you earn 1,000 points. You can receive up to two certificates per month.*
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Savings |
The Sony Visa® -Turn your everyday purchases into Sony Products! 8 points per dollar spent at sony.com/mysony. 3 points per dollar spent on Sony products. 0% fixed APR for up to 12 months. 1,500 Sony Reward Points(SM).
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