Rewards credit cards are a key tool for every credit card user and when compared to the other credit card options out there it is a real steal at around a price. We wanted to find the best reward credit cards out there to highlight the real deal deals offered here. First and foremost with reward credit cards we wanted to find the lowest interest rates for cash back rewards.
The fact is, you don’t, in the least, want them to double or triple your reward every three months. There are very few credit card offers that offer rewards even when you do not use rewards cards at all. A reward credit card offers a very high level of value in the very best interest of your money.
Our assessment then was, what could be better than the 0% Introductory Offer (which, yes, is still ongoing for the moment) or the reward mile credit card? We looked for the lower APR or APR reduction offered at the moment by the different types of reward credit cards which present themselves.
The rewards are not what they used to be. In 2001 there were the Discover Card in the US, Amex in Canada and now the American Express in the UK. The cards with 0% Introductory Offer have consistently improved their interest rates in comparison to the 1% Introductory Offer alone.
The APR is the mark a month on balance transfers. For every $1 more you spend on your card you will raise your credit limit by $100. The Discover Card has a 0% APR for up to 9 months and Amex in the UK has a 12 months. The Discover Card offers 0% APR for up to 6 months. The Amex Card offers quite an interesting APR range of 3.99% up to 17.24%. We estimated the APR of the Amex Card to be around 11.24%.
If you are paying your card balance off at the end of each month then you are still taking advantage of all the reward that this card can offer you. You could get just five years of low to no cost on this card, if you are paying the balance in full each month. This would mean that you could get anywhere between twelve months of 12.24% and 20.24%.
Check out the information on the card out there about rewards credit cards on the internet. This is definitely one that you should start to check out. One thing on which we would like the interest rates on to lower are the introductory rate for two years and then there will be a regular low rate for four years. As you see from this, the rates are well within the market in class.
Now, if you have a reward credit card you should be able to find an APR that is all in reward card but just like the Amex card just as there will be different reward offers for different kinds of purchases like gas, telephone services, restaurants, a wide variety of services, etc. This would give you as much indication on what kind of reward you get.
The best thing that we could do with a rewards credit card perhaps is a 0% APR offer to those who qualify for it. You would need to see what the APR will be very low and of course for what kind of reward to get. It would be a great way for you to be very sure on what type of rewards you can get and if there will be any rebates up for that if you got that before. If you are looking for another one perhaps you should look elsewhere. If you have any questions feel free to email us.
Rewards Credit Card: Pay Cash Or Use Your Credit Card
Rewards credit cards are great for giving you money back on purchases made with your new rewards card. While rewards cards operate on a point system, you may actually earn points or miles for every dollar that you spend. Though the rewards system is essentially the same, you may either pay a fee for using your new credit card or choose a different reward option.
You probably use your rewards credit card to earn frequent flyer miles or air miles. Any frequent flyer miles that you can accumulate through your new rewards card will be worth about $20. You will need to use your new miles to redeem your points. Most miles will cost about $15 and can be redeemed for free or discounted tickets to an airport.
If you regularly fly with your rewards credit card, you may be able to enjoy your points. For example, if you have a frequent flyer miles card that has a $50 limit, just using your miles for one day on its regular use at a rate of $50 per mile and using your rewards to redeem your points would earn you 23 miles to spend for a $79 ticket.