card14Looking for a rewards card? Start by questioning yourself about what you do. Are you a frequent traveler? If so, find a card that offer points and discounts you can use on rental cars and hotel rooms. Are you the type who pays off their balance in full every month?  If you have a balance from month to month, then low-interest credit card offers would suit you since reward cards tend to pull in higher interest rates. Cash-back rewards? Now there is a lasting value card.  These cards retain value compared to points whose value can change. While points are restricted to certain goods and services, cash can be used anywhere. Avoid the common 1% cash back, you are better rewarded with the 2-5% cash back.  Are you a big charger or a little charger?  American Express Blue Cash Card is for frequent chargers and these people can benefit from this card.  The Chase Visa Signature Card is geared more for those small chargers.  Keep in mind the rewards cards carry a higher in rates than the typical credit card and if they charge an annual fee, refuse them.  Do your homework, what looks like to good to be true, probably is.

This entry was posted on Monday, November 9th, 2009 at 6:46 pm and is filed under Credit Cards. You can leave a comment and follow any responses to this entry through the RSS 2.0 feed.

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