Even if you don’t use credit cards for personal shopping you still may find them to be a great way to add to your credit repair power.
In the world we live in today we know that credit card checks are a very public matter and that most consumers simply do not look at the large print when it comes to this information however there are a few cards that will happily answer any query, simply fill out an application and ship your payment. These cards will be of prime interest to you as they are so uncommon in our society and almost impossible to get.
The big question mark marks that usually appear on any credit repair credit card application form are interest rates, fees, interest rates, grace periods and other transaction fees. The simple truth is that if you do not pay off your statements or your purchases by the due date then you need to get out of the card world. It is always possible to find good credit card repair credit cards with low interest rates, no fees and that brings us closer to the goal of getting credit for over 10 years!
Just like cash in a can card, credit card rewards are a wonderful thing and it can bring you great rewards, including cash back or free purchases for your credit card purchases.
If you have been paying off your balance in full each month then your rewards will roll off to your monthly statement or pay off your balance at the end of the month which can save you a bundle of money.
There are a few ways to use your reward points and get ‘merits’ that you have earned on your credit card or a point for every dollar you have spent on your product or service. For instance an airline rewards credit card allows you to earn air miles and sun, number of air miles and more for yourself or your business. This card is very easy to use and you have up to eight free miles redeemable per year so that can help you learn more about the various airlines that you fly from point A to C or even point O to D.
Perhaps you are someone that does not usually pay off your balance in full the regular days period so your reward can be of wonderful benefits as well. You can get a free copy of your monthly statement for free too. An additional benefit with this card is that you will know how much you earned from your statement for the entire month up to the end of the year on your credit report.
Rewards Credit Cards – How They Work
Rewards credit cards offer a method of controlling your spending. They also have several benefits – from reduced interest and annual fees, to giving you extra time to pay for purchases you intend to make. Simply put, the credit card works by turning your earnings into cash back – usually on your purchases. The rewards can be anywhere from between 2% to 12% of the total purchase price of both the card used and the product being sold. Some cards offer cash back rewards of up to 5% of the purchase price of a particular product. The accumulated points can be utilized to redeem some of the products being sold. Some card issuers have their own packages of rewards which may include added perks such as air miles and even hotel discounts that will add up to your accumulated rewards when the card is used in your wallet. However, the rewards are a lot like the regular credit cards. When used in this way they may prove to be a great help in paying off your credit card debts.
Types of Rewards
There are a wide variety of rewards. Some are earned by shopping at special supermarkets, supermarkets in the cities, the occasional petrol station by the company and hotels. The ultimate level of benefits lies in comparing the various products being sold with other products being sold in the market.
A typical of the many types of rewards offered is point rewards, which take one point off your monthly spending, to points, which may be a points can be redeemed for any product you desire. Or you can claim you claim a free trip with the claimed claim. Some companies offer similar incentives – in other words you claim these products with your claim. The more common types of rewards include frequent flyer programs and miles points. Most of these cards offer free purchases at popular theme parks and other destinations that you do not normally need but not necessarily what you will need. Frequent flyer programs may be more appealing due to it sometimes receiving lower interest rates or other incentives that will allow you to claim rewards for free purchases on discounted airlines.
Points or Air Miles
One of the more common types of rewards is point reward or air miles (which you claim back with rewards given to you by your airline). To claim reward points you simply travel by way of your airline, and the rewards are normally very tempting.